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Global Offshore Wind Capacity Reaches 83 GW, 100 GW More to Be Awarded in 2025-2026, New Report Says
Business development

Global Offshore Wind Capacity Reaches 83 GW, 100 GW More to Be Awarded in 2025-2026, New Report Says

According to a new market report from the Global Wind Energy Council (GWEC), there are now 83 GW of offshore wind capacity installed globally, with 48 GW more in the construction phase worldwide as of May this year. “Our report finds that there is now already 83 GW of offshore wind installed worldwi

about 1 year ago
Subsea7's backlog remains 'robust' with high tendering in subsea and offshore wind
Business development

Subsea7’s Backlog Remains ‘Robust’ with High Tendering in Subsea and Offshore Wind

Subsea7 has reported a “robust” backlog of USD 10.4 billion in its financial results for the first quarter of 2024, with tendering activity high in both the subsea and offshore wind sectors. To remind, in the financial results for the full year of 2023, Subsea7 reported it had secured USD 7.4 billio

about 2 years ago
Live from Offshore Energy Exhibition & Conference 2023
Business development

Live from Offshore Energy Exhibition & Conference 2023

Welcome to the Live Blog! #OEEC2023 in a nutshell. Enjoy the highlights of the event in this video: Thanks to all participants, partners, sponsors and media partners for making this event such a great success! See you next year on 26 & 27 November 2024! Drinks at Navingo stand Offshore Energy Exhibi

about 2 years ago
Vestas 15 MW prototype
Business development

Scale Up Smarter, Not Harder – Why Offshore Wind Ambitions Can Be Met More Efficiently if Turbine Growth Is Paused

The following article is a guest post by Fred van Beers, CEO Sif Netherlands B.V., & Anne Vedel, SVP Product Solutions & Integration, Vestas. The looming climate crisis and an acute need for independence from Russian oil and gas have massively accelerated European appetite for offshore wind. Governm

about 3 years ago
Shared Floating Wind and Wave Projects Offer 12% Combined Cost Reduction, Report Finds
Business development

Shared Floating Wind and Wave Projects Offer 12% Combined Cost Reduction, Report Finds

Sharing infrastructure, services and supply chain between wind and wave energy projects can reduce the levelised cost of energy (LCOE) for wind by up to 7% and by up to 40% for wave energy, while the combined LCOE of a shared project can be up to 12% lower than in separate developments, according to

about 3 years ago
Ever-Growing Offshore Wind Turbines Bring Unsustainable Market Risks – GCube
Business development

Ever-Growing Offshore Wind Turbines Bring Unsustainable Market Risks – GCube

The offshore wind sector must take action to address a rising tide of mechanical breakdown issues, component failures, and serial defects ensuing from the deployment of ever-larger offshore wind, according to GCube Insurance (GCube), an underwriter for renewable energy projects. GCube’s new report,

about 3 years ago
A bp facility with the company's logo
Business development

BP Launches Offshore Wind Innovation Challenge

Energy major bp has launched three separate calls for innovative ideas and new collaborations in the field of offshore wind. The call is part of bp’s effort to become a global leader in offshore wind, the company said. BP is on the lookout for collaborators, from individuals to large-scale organizat

about 3 years ago