Almost 90 per cent of global electricity generation in 2050 could come from renewable energy sources, with solar PV and wind together accounting for nearly 70 per cent, according to International Energy Agency’s new Net Zero 2050 roadmap. The roadmap, published on 18 May, calls for scaling up solar
Equinor and the Chinese shipbuilder CIMC Raffles (Yantai CIMC Raffles Offshore) have signed a strategic cooperation agreement to develop offshore wind projects in the Yellow Sea, off China’s Shandong province. The Norway-based energy major has confirmed to OffshoreWIND.biz that the two companies hav
Swedish floating wind developer and technology provider Hexicon is to acquire the Wave Hub offshore renewable energy test site in Cornwall, South West England. The deal, which is expected to complete at the end of May, will see Hexicon through its UK subsidiary, TwinHub Limited, acquire the assets o
Ørsted has appointed a new Chief Operating Officer (COO) and member of the Executive Committee, following a decision to reorganise the company to position it for future growth. As of 1 June, the offshore wind developer’s COO will be Richard Hunter, who comes from a position as President of Rail Cont
The US National Offshore Wind Research and Development Consortium (NOWRDC) is funding a project developing a shallow-water floating offshore wind concept, with cost-share being provided by Equinor. The team behind the project includes the University of Massachusetts, Amherst (UMass) as the main cont
DOF Subsea reported that it had won multiple contracts for execution in the North Sea, including on an offshore wind project, which the company left unnamed. The company will utilise its vessels Skandi Acergy, Skandi Skansen, Skandi Iceman, Skandi Hera and a contracted third-party vessel in the offs
A project developing a comprehensive study of the US offshore wind supply chain was launched on 13 May. The project is a partnership between the National Renewable Energy Laboratory (NREL), the State of Maryland, the New York State Energy Research and Development Authority (NYSERDA), and the U.S. De
Amazon is in talks with power utilities and trading houses in Japan as the tech giant is looking to build a renewable energy plant that would power its data centers in the country, Nikkei reported on 13 May. One of the options reported to be on the table is an offshore wind farm. A Japanese trading
On 14 May, Sumitomo Electric Industries reported that it was awarded an export cable supply contract for the Gwynt y Môr offshore wind farm. The news comes a few months after Ofgem ruled in favour of Gwynt y Môr OFTO plc which had filed an Exceptional Event claim for the project’s export cable failu
Boskalis has reported a 10 per cent increase in the order book of its Offshore Energy division in the first quarter of the year (compared to the end of 2020), with around 50 per cent of new orders coming from the offshore wind sector. The first quarter at the company’s Offshore Energy division proce
Polish manufacturer of offshore wind foundations, ST3 Offshore, has issued a third tender looking for buyers for the company, now reducing the price by further 10 per cent. In the current tender, the starting price has been reduced to PLN 187,744,000 (around EUR 41.3 million) net. “This is 20% less
World’s leading offshore wind developer Ørsted has submitted an application to build and operate an offshore wind farm in a country that is just only beginning to tap into its offshore wind potential. This is an excerpt from a Premium article published on our sister site offshore-energy.biz. If you
Norway’s OHT Alfa Lift AS has received and accepted a firm offer, subject to satisfactory documentation, for a USD 135 million Senior Secured Green ECA Credit Facility. The loan is for the post-delivery financing of the company’s wind foundation installation vessel Alfa Lift. The facility, to be dra
German energy company reported an adjusted EBITDA of EUR 297 million in the Offshore Wind segment in the first quarter of 2021, a 31 per cent drop compared to EUR 431 million reported for the same period in 2020. A key factor here were wind volumes in Northern and Central Europe, which were well bel
