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The global offshore wind market is set to grow at a 16 percent compound annual rate from 2017 to 2030, reaching a cumulative capacity of 115 gigawatts compared with 17.6 gigawatts today, according to Bloomberg New Energy Finance.
Offshore wind levelized costs will slide 71% by 2040, according to the latest long-term forecast from Bloomberg New Energy Finance (BNEF).
The world could see as much as 237MW of floating offshore wind capacity installed by 2020, according to Bloomberg New Energy Finance (BNEF).
Tom Harries, a wind analyst at Bloomberg New Energy Finance (BNEF) and one of the panellists at the upcoming Offshore WIND Conference, has provided an insight into matters which are at the centre stage of the offshore wind sector: “Auctions, prices and frontier markets are the hot topics in the sector right now. We have […]
Global clean energy investment had its weakest quarter since 2013 between July and September this year, under the impact of a summer lull in offshore wind financings in Europe and a further stage in the slowdown seen this year in project funding in China and Japan, according to Bloomberg New Energy Finance. Investment in renewable […]
Asset finance of renewable energy projects in the first half of 2016 was at USD 92 billion worldwide, down 19% on H1 2015, with the biggest asset finance deals of the second quarter made in offshore wind in Europe, according to the latest data from Bloomberg New Energy Finance (BNEF). This was led by the […]
Speaking at RenewableUK’s Global Offshore Wind Conference in Manchester, the Founder of Bloomberg New Energy Finance (BNEF), Michael Liebreich, said the fact that the UK is now generating more than a quarter of its electricity from renewables is “a huge success and should be celebrated as such". “You have been very good at managing costs. […]
Some USD 7.8 trillion will be invested in renewable energy over the next 25 years, with wind power, both onshore and offshore, attracting USD 3.1 trillion, according to Bloomberg New Energy Finance's (BNEF) New Energy Outlook 2016. USD 3.4 trillion is forecasted to be pored into utility-scale, rooftop and other small-scale solar, and USD 911 billion […]
The first half of 2019 saw a 14% decrease in global renewable energy investment compared to H1 2018, according to the latest report from BloombergNEF (BNEF). The H1 2019 global investment in renewables amounted to USD 117.6 billion, said to be mainly caused by the plunge in activity in China as it shifts away from government-set tariffs to […]
The benchmark levelized cost of electricity (LCOE) for offshore wind has fallen 24% since the first half of 2018, according to the latest analysis by BloombergNEF (BNEF). Auction programs for new offshore wind capacity, combined with much larger turbines, have produced sharp reductions in capital costs, taking BNEF’s global benchmark for this technology below USD 100 per […]
By Mr. Giordano Toninelli – Area Sales Manager – Faccin SPA Introduction Wind energy business has an historical background in Europe due to the high number of wind farms installed in the Old Continent, but in recent times the focus of offshore wind investments is starting to shift from Europe to Asia. Wind energy business […]
The Jiangsu Province in China has approved 24 offshore wind projects with a total capacity of 6.7GW. The total investment in the projects will amount to CNY 122.29 billion, which is approximately USD 18 billion, the provincial authorities stated. According to the government-supported Xinhua Daily news site, the announcement is part of the province's 10GW offshore […]
Siemens Gamesa Launches 10+ MW Offshore Wind Turbine Siemens Gamesa has launched the SG 10.0-193 DD, the company’s first 10+ MW offshore wind turbine. GE Haliade-X 12MW Prototype Finds Home in Rotterdam GE Renewable Energy and Future Wind, a joint venture of Pondera Development and Sif, have signed an agreement to install the first Haliade-X 12MW wind […]
Offshore wind attracted USD 25.7 billion of clean energy investment in 2018, a 14% increase compared to 2017, with China being the main contributor to the rise, according to a report by BloombergNEF (BNEF). The increase in 2018 numbers is largely attributed to 13 Chinese offshore wind projects beginning construction for a total of circa USD […]
By Jon Harman, Head of Renewable Energy and Portfolio Director, New Energy Update Floating offshore wind may still be in the demonstration phase, but the success of early pilot schemes and the plunging prices of fixed foundation machines mean investors are already eyeing the vast new markets the technology will open. According to the latest […]
The Global Wind Energy Council (GWEC) has created a new Offshore Wind Taskforce to accelerate the development of offshore wind technology in non-European markets such as Asia and North America.
By Jason Deign, for New Energy Update There is one subject that all commentators on the US offshore wind industry agree on: the sector is going to undergo rapid expansion over the next decade. What does provoke argument is the likely scale of this growth, and the relative importance of the factors that are going to […]
With the latest Dutch tender in process, we said farewell to 2017 and can now welcome 2018 with wishes for it to resume in similar manner as it is most likely to begin: with a concession contract for a project awarded at the first subsidy-free tender.
Portugal's renewable energy mix could be boosted by offshore – and especially floating – wind, as the country could meet 39% of its electricity demand with wind power by 2030, while 25% is currently covered with 5GW of wind turbines on land.
Offshore Energy Exhibition and Conference on Tuesday hosted ‘The rise of renewables session’ that offered a quick-scan of various renewable energy technologies currently under development and the markets set for their commercial implementation.
As the UK government is scheduled to announce the winners of the Contracts for Difference (CfD) auction in autumn, projections on the offshore wind prices are emerging, with results of the latest offshore wind tender in Germany setting a benchmark.
The first quarter of this year saw a 60% year-on-year decrease in offshore wind financings, from USD 11.5 billion in Q1 2016 to USD 4.6 billion in Q1 2017, according to Bloomberg New Energy Finance's (BNEF) report on global clean energy investment.
Denmark Makes Room for Testing 330m Tall Wind Turbines Danish Government has approved the expansion of the national wind turbine test centres in Østerild and Høvsøre. Four new sites will be added, facilitating testing of turbines of up to 330 metres. BNEF: 237MW of Floating Offshore Wind by 2020 The world could see as much […]
The European Commission will decide on the Siemens-Gamesa merger by 13 March. The deal involves Gamesa absorbing Siemens’s wind power assets in exchange for newly-issued shares in Gamesa, with Siemens owning 59% of the new company and Iberdrola retaining an 8% interest.
Offshore wind was the brightest spot in the global clean energy investment picture in 2016 with capital spending commitments to this technology hitting USD 29.9 billion, according to the latest figures from Bloomberg New Energy Finance (BNEF). The industry saw a 40% increase in investment in 2016 compared to 2015 figures as developers took advantage […]
Negative interest rates in Japan have pushed two of the country's biggest banks, Mitsubishi UFJ Financial Group (MUFG) and Sumitomo Mitsui Financial Group, to adding more project finance loans for, primarily European, renewable energy as infrastructure such as offshore wind farms brings strong yields. Spanish Banco Santander was the largest loan provider for renewable energy assets last year, Bloomberg writes, […]