Larger wind turbines and larger offshore wind projects alone can reduce a wind farm’s Levelised Cost of Energy (LCoE) by more than 23 per cent relative to the average fixed-bottom offshore wind farm installed in 2019, according to the research carried out by the US Department of Energy’s National Re
Siemens Gamesa has signed a Memorandum of Understanding (MoU) with China Energy United Power Technology Co. to license its 11 MW Direct Drive offshore technology for the Chinese market. The SG 11.0-200 DD is the most recent generation of Siemens Gamesa’s offshore wind turbine portfolio to enter seri
ESB’s offshore wind project partner in Ireland, Equinor, has decided not to continue with offshore wind development in the country, the Irish utility company and renewable energy developer confirmed to offshoreWIND.biz following this morning’s (4 November) news in the Irish Examiner. Equinor’s decis
Chiel van Daelen, CEO of TrustLube, tells our Live studio host Coco Kossmann about the importance of the company’s environmentally-friendly lubrication systems. “We are specialized in environmentally-friendly operated-based lubrication systems, meaning that we can save a huge amount of grease by doi
Casper Kunst, Commercial Manager at Navingo, the organization behind the OEEC and Navingo Career Event, shares his experience of the event and announces the next edition scheduled for November 2022. “The past two days have been really productive. I spoke to a lot of people, seen a lot of happy, smil
Listen to what the visitors of the Offshore Energy Exhibition & Conference (OEEC) had to say about this year’s event as Navingo’s Live studio host Coco Kossmann takes a stroll during the official closing drinks. Coert van Zijll Langhout, managing director at Navingo, says he is very proud of the eve
Carolien Vat-Sandee, director and co-founder of PortXL, and Seriena Bal, managing director of Buccaneer, tell us all about the importance of start-ups for established players, what makes a successful innovation, their leadership and accelerator programs, and more. According to Bal, research on innov
South Korean subsea cable manufacturer LS Cable & System and Canadian offshore wind developer Northland Power have signed a Memorandum of Understanding (MOU) on cooperation in the South Korean offshore wind market. LS Cable & System was recently selected as a preferred supplier of submarine cables f
Ørsted has reported a 43 per cent increase in revenue in its Offshore segment for the third quarter and a 32 per cent increase for the first nine months of this year, both compared to the same periods of 2020. While the company’s operating profit (EBITDA) in the Offshore segment halved in the third
Danish wind turbine manufacturer Vestas has lowered its full-year operating profit margin guidance from the previous five to seven percent to around four per cent, citing the impacts of the supply chain instability and cost inflation caused by the COVID-19 pandemic. ”Based on how 2021 has evolved an
Offshore wind spending is nearing that of offshore oil and gas and is anticipated to surpass it in several key markets by 2030, Rystad Energy said, with Europe being the first to count more offshore wind than oil and gas investments, followed by Asia (excluding China) and the US. In Europe, the UK a
Italian oil and gas major Eni has agreed to acquire a 20 per cent stake in the 1.2 GW Dogger Bank C wind farm offshore the UK. Eni will buy a 10 per cent stake in the project from Equinor, and the remaining 10 per cent stake from SSE Renewables. The transactions have a combined […]
Greencoat UK Wind has signed an agreement to acquire a 25 per cent stake in the Burbo Bank Extension offshore wind farm from AIP, in partnership with a number of pension funds investing through Greencoat Renewable Income LP, a fund also managed by Greencoat Capital. Through the acquisition, to be co
Japan’s Penta-Ocean Construction and DEME Offshore have established a joint venture company, Japan Offshore Marine (JOM), to collaborate in the field of offshore wind construction in Japan. JOM, owned 51 per cent by Penta-Ocean and 49 per cent by DEME, will engage in investigation, engineering, proc
