The following article is a guest post by Mark Goalen, Director – Offshore Engineering, Houlder. The scaling up of renewable energy capacity will be essential for the success of the global energy transition. Increasing offshore wind capacity is, in turn, key to scaling up renewable energy production
GE has submitted a plan to construct two new manufacturing facilities in New York if it wins a sufficient volume of orders from customers in the State’s ongoing solicitation for up to 4.6 GW of offshore wind. GE proposed building the factories with Carver Companies at their Port of Coeymans site. Sh
New York’s third competitive offshore wind solicitation has attracted bids from a number of major players including Ørsted and Eversource, Equinor and bp, RWE and National Grid, Invenergy and energyRe, and Rise Light & Power, among others. In July of 2022, New York’s Governor Kathy Hochul announced
The US states of Connecticut, Maine, Massachusetts, and New Hampshire, with support from Vermont and New Hampshire, have jointly applied to the Department of Energy (DOE) for funding needed to build transmission projects that will integrate offshore wind. With the potential for more than 14 GW of of
Siemens Gamesa’s now non-executive Chairman of the Board of Directors, Christian Bruch, has warned that the European wind industry is in a critical situation in his address to the shareholders following the vote to approve the delisting of the company. ”Despite big investments flowing into renewable
Italian steel company, Acciaierie d’Italia, and the Falck Renewables and BlueFloat Energy´s partnership have signed a letter of intent and have established a technical working group on strategic collaboration for the development of renewable energy projects. There are four potential development area
Eneti’s subsidiary Seajacks UK Limited has signed two new contracts in Northwestern Europe for between 75 and 102 days of employment for one of its NG2500-class vessels, the parent company said on 24 January. The new contracts, for which the company secured higher rates, will generate between USD 5.
Half of the US offshore wind energy projects in the pipeline are at risk of being delayed beyond 2030 because of limited port and vessel infrastructure and domestic manufacturing, according to a new report co-authored by the National Renewable Energy Laboratory (NREL) and the Business Network for Of
Spain’s GRI Renewable Industries and the Polish Industrial Development Agency (IDA JSC or ARP) have created a joint venture for the construction of a new offshore wind tower factory in the city of Gdansk, Poland. The estimated value of this investment is more than EUR 200 million, and production is
Wind turbine manufacturer Siemens Gamesa has recorded EUR 760 million net loss in the first quarter of the financial year 2023, driven largely by charges due to a negative development of failure rates in specific components detected during the evaluation of the installed fleet. This has led to charg
King Charles III has asked that the Royal Family’s share of The Crown Estate’s earnings from the Round 4 offshore wind seabed leasing “be directed for wider public good”, UK media reports. As reported on 19 January, all six winners of the latest UK seabed auction have now signed Agreements for Lease
World’s leading offshore wind developer Ørsted expects operating profit (EBITDA) for 2022 to total DKK 32.1 billion (EUR 4.3 billion), the company’s highest EBITDA to date, based on preliminary and unaudited reporting. The results are within the latest guidance and above the company’s initial expect
Hai Long Offshore Wind, a consortium comprising Northland Power, Yushan Energy, and Japan’s Mitsui & Co., says it is actively working towards reaching the financial close, with a majority of the project financing to be provided by international financial institutions, in addition to the shareholders
Danish wind turbine manufacturer Vestas has announced plans to build out a wind energy supply chain in South Korea, adding that the plans are dependent on a growing market for offshore wind in the country. The plans were formalised at a signing ceremony with Vestas CEO Henrik Andersen, and South Kor
