Search results for: offshore wind auction

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26 June 2019 Business & Finance

The global offshore wind sector has the potential to grow to 200GW of capacity by 2030, according to a new report by the Global Wind Energy Council (GWEC). The Global Offshore Wind Report includes a business-as-usual (BAU) scenario which does not incorporate further technical development or opportunities and an upside scenario which captures the additional market potential. […]

26 June 2019 Business & Finance

The global market for offshore wind has grown by 16% in the last twelve months, with the largest gains coming from the USA, new figures from RenewableUK show. The biggest single growth market over the last year has been the USA, which accounted for nearly half (48%) of growth globally, RenewableUK said. Globally, the portfolio […]

19 June 2019

Siemens Gamesa and MHI Vestas control the global offshore wind turbine original equipment manufacturer (OEM) sector with more than 60% cumulative share expected by 2023, according to recent research from Wood Mackenzie Power & Renewables. In order to win market share from competitors, GE must focus on commercialising the Haliade-X 12MW-220 wind turbine in forthcoming auctions, […]

18 June 2019 Contracts & Tenders

The New York City Economic Development Corporation (NYCEDC) is inviting expressions of interest from parties interested in using the Homeport Pier for offshore wind activities. The request for expressions of interest is aimed at offshore wind companies, service providers, manufacturers and developers wishing to locate, develop and use the Homeport Pier in Staten Island or a part […]

18 June 2019 Business & Finance

London-based Colebrook Offshore has established a partnership with the Irish Grimes Offshore Services (GOS) to offer comprehensive marine, offshore and consultancy services for the offshore wind market in Ireland. Colebrook Offshore said it will offer support services to the renewable and offshore vessel markets, ranging from strategy and market approach to vessel contracting and operational support. The […]

17 June 2019 Authorities, Wind Farm Update

The Scottish Ministers have given marine consent for the construction and operation of the 850MW Moray West offshore wind project. This clears the way for the project to participate in the next Contracts for Difference (CfD) auction scheduled for this summer. If successful in the auction, the project could enter the construction phase in 2022. The […]

29 May 2019 Business & Finance

The average cost of electricity produced by offshore wind could decrease by 15%, to USD 0.108/kWh, by 2022, or 4% per year, according to a new report by International Renewable Energy Agency (IRENA). The Renewable Power Generation Costs in 2018 report states that offshore wind projects in 2022 would mainly span the range USD 0.06 to USD 0.14/kWh, […]

23 May 2019 Business & Finance

The German offshore wind energy supply chain is under real pressure due to a lack of auctions and a disappointing perspective for future auction volumes to 2030, according to WindEurope. The last German offshore wind auction was in April 2018 and no more are scheduled until 2021. This has lead to order books drying up within […]

10 May 2019 Business & Finance

Lithuanian state-owned energy company Lietuvos Energija has received initial interest from ten potential partners to jointly develop offshore wind projects in Lithuania and abroad. Lietuvos Energija initiated an Expression of Interest (EOI) process in February to find an experienced partner and jointly develop offshore wind projects within the European Economic Area. The ten potential partners who responded to the call are all ''European offshore wind market […]

2 May 2019 Business & Finance

Ørsted has reported DKK 3.6 billion operating profit (EBITDA) from its offshore wind farms in operation in the first quarter of 2019, a year-on-year increase of 13% mainly driven by a ramp-up in generation from the Borkum Riffgrund 2 and the Walney Extension wind farms. Power generation from offshore and onshore wind increased by 31% […]

30 April 2019 Business & Finance, Wind Farm Update

Ørsted has taken the final investment decision (FID) on the Changhua 1 and 2a offshore wind farm in Taiwan. Prior to the FID, Taiwan’s Ministry of Economic Affairs approved Ørsted’s local supply chain plan, and subsequently Ørsted has signed a power purchase agreement (PPA) with Taipower at the feed-in-tariff level announced on 30 January 2019. […]

26 April 2019 Contracts & Tenders

The U.S. Bureau of Ocean Energy Management (BOEM) has received expressions of interest from 14 developers in the call for information and nominations for obtaining commercial wind energy leases offshore California. The list of interested parties includes Equinor Wind US, EDF Renewables Development, EDP Renewables North America, Northland Power America, wpd Offshore Alpha, Avangrid Renewables, Castle Wind, US Mainstream […]

25 April 2019 Business & Finance

The New York Offshore Wind Alliance (NYOWA) has added the Building and Construction Trades Council of Nassau and Suffolk Counties and the Long Island Federation of Labor to its membership. The Long Island Federation of Labor is committed to preparing and mobilizing the workforce as New York's 9GW offshore wind goal will require thousands of new workers, […]

25 April 2019 Business & Finance, Jobs & Recruitment

Macquarie’s Green Investment Group (GIG) has appointed Ørsted Wind Power's former CEO Samuel Leupold as Chairman of Wind Energy. In this newly created position, Leupold will support the development and implementation of GIG’s global strategy for offshore and onshore wind. According to GIG, the new chairman will also support the expansion of the organization's global footprint […]

1 April 2019 Contracts & Tenders, Wind Farm Update

Ørsted has awarded Belgium's G-tec with contracts to provide geotechnical engineering services on two offshore wind farms in the German Bight. Under the two individual contracts, G-tec will in 2019 carry out geotechnical investigations and laboratory analysis of samples taken from the seabed in various depths within the Gode Wind offshore wind farm 03 and 04 and […]

26 March 2019 Business & Finance, Technology

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 […]

19 March 2019 R&D

Explosive growth in the offshore wind sector and aggressive renewables targets in India are expected to drive a ten-year compound annual growth rate (CAGR) of 12.2% in the Asia Pacific region, excluding China, according to a new report by Wood Mackenzie Power & Renewables. “Target compliance in India is likely to bifurcate the next decade’s outlook, […]

12 March 2019 Authorities, Operations & Maintenance, Ports & Logistics

North Carolina's Governor Roy Cooper has set aside USD 1.5 million to boost clean energy and green businesses in the proposed 2019-2021 budget, including a study on North Carolina’s potential to host offshore wind operations and associated jobs. The USD 300,000 study would evaluate state-owned and privately held ports with the potential to host offshore wind […]

7 March 2019 Authorities, Business & Finance, Jobs & Recruitment

The UK has launched the new joint government-industry Offshore Wind Sector Deal which will see offshore wind reach the connected capacity of 30GW and deliver one-third of the UK’s electricity by 2030. Under the new deal, the number of jobs in the industry is expected to rise to 27,000 by 2030, up from 7,200 today. The deal […]

5 March 2019 Business & Finance

Offshore wind is well positioned to play a major role in the long term UK energy mix even in the case of hard Brexit, according to a joint report by Wood Mackenzie and Verisk Maplecroft. With more than 19GW of new capacity forecast by 2028, a hard Brexit is expected to have limited impact on this […]

27 February 2019 Authorities

California Assembly Member Jordan Cunningham has called on the U.S. Interior Department's Acting Secretary David Bernhardt to lease parts of the state's coastline for offshore wind development. In his letter, Cunningham explained that due to the expected closing of San Luis Obispo County's largest private employer, the Diablo Canyon nuclear power plant, in 2025, around 1,500 […]

22 February 2019 Business & Finance

Wind energy provided 14% of the EU’s electricity in 2018, which is an increase from 12% in 2017, according to statistics by WindEurope. Last year, wind power capacity rose by 11.3GW in Europe, with 2.65GW offshore and 8.6GW onshore. According to WindEurope, continued growth in capacity and the use of more powerful turbines are helping to increase wind's share […]

20 February 2019 R&D

With 112GW of technical resource potential, floating offshore wind in California could produce 1.5 times as much electricity as this US state uses in one year. That’s according to The California Offshore Wind Project: A Vision for Industry Growth, a new report from the American Jobs Project in partnership with the Schatz Energy Research Center […]

15 February 2019 Business & Finance, Wind Farm Update

Vineyard Wind has officially submitted a bid in New York State’s first offshore wind solicitation for the Liberty Wind project which includes the option of up to 1.2GW of capacity to be developed. The Liberty Wind proposal includes project size options of 400MW, 800MW and 1,200MW which would be produced by turbines located 85 miles away from […]

15 February 2019 Authorities, Contracts & Tenders

Equinor Wind US has submitted a bid to provide New York state with renewable energy from its Empire Wind lease site located offshore New York and New Jersey. Equinor’s bid comes in response to the 800MW New York State Offshore Wind Power Procurement, the state’s first formal solicitation targeted to the newly developing US offshore […]

12 February 2019 Business & Finance

Wind energy has hit new records in Great Britain as 15.32GW of capacity was produced on Friday, 8 February, according to the UK National Grid. The 15.32GW provided 36% of Britain's electricity demand between 12:15 and 1:45 p.m. local time beating the previous record of 15.04GW set on 18 December 2018. “At one of the […]