The U.S. economy could see offshore wind investments reaching USD 17 billion by 2025, USD 108 billion by 2030 and USD 166 billion by 2035, supporting 80,000 jobs annually by 2035. This is according to a new study from Wood Mackenzie, which also found that 28 GW of offshore wind areas could be leased
The US-based National Offshore Wind Research and Development Consortium has made available USD 9 million through its Innovation in Offshore Wind Solicitation 1.0 for offshore wind technology research and development projects. The funding is part of the consortium’s long-term strategy for identifying
North East England’s offshore wind cluster, Energi Coast, is starting a project which aims to produce a comprehensive report of the region’s supply chain capabilities in the offshore wind industry. The supply chain mapping project will identify the range of capabilities available throughout North Ea
Dry bulk shipping company Scorpio Bulkers has signed a Letter of Intent to construct a wind turbine installation vessel (WTIV), with options for additional vessels. The initial vessel will be built by South Korea’s Daewoo Shipbuilding and Marine Engineering Inc. for delivery that is scheduled in 202
TenneT will raise its investment in renewable energy connections to EUR 4 to 5 billion per year, the transmission system operator (TSO) said in a press release from 31 July, also reporting a 30% increase in its investment agenda in the first half of 2020. The TSO, operating in Germany and the Nether
Ørsted and its partners have secured funding for the Westküste 100 renewable hydrogen project in Germany. The partners received funding confirmation from the German Federal Ministry of Economic Affairs and Energy as the first large-scale hydrogen project in Germany within the Reallabor (real-world l
Energy consultancy EPI Group has signed a Memorandum of Understanding (MoU) with Offshore Power LLC to collaborate in the U.S. offshore wind sector. Under the agreement, the companies plan to combine resources in business development, marketing and delivering their services to the U.S. market. EPI s
German energy company EnBW’s Renewable Energies segment more than doubled its operating result in the first six months of 2020, mainly due to the Hohe See and Albatros offshore wind farms coming into operation. The company’s renewables segment reported an operating result (adjusted EBITDA) of EUR 42
Mitsubishi Heavy Industries (MHI) and Copenhagen Infrastructure Partners (CIP) have entered into a joint venture to develop offshore wind projects in Hokkaido, Japan. The joint venture is jointly owned by MHI (50%) and CIP (50%), and a team with experts from both owners will be established, the comp
Wind turbine manufacturer Siemens Gamesa posted EUR 466 million net loss in the third quarter of FY 2020, attributed largely to the effects of the COVID-19 pandemic and challenges in the onshore segment. Between April and June, Siemens Gamesa recorded revenues of EUR 2.411 billion, an eight percent
The offshore wind farms that won the Contracts for Difference (CfDs) in the latest UK CfD round will most likely be the first to operate with “negative subsidies”, even before the zero-subsidy projects awarded in auctions in the Netherlands and Germany. According to an analysis by an international t
Xodus Group has established a partnership with Japanese consultancy E&E Solutions to deliver advice and analysis for the offshore wind market in Japan. The partnership will provide integrated advisory and technical services for offshore wind developers, owners, operators and lenders. Xodus expects t
The UK Government has proposed to exempt Beatrice, Hornsea One, Rampion, and East Anglia One offshore wind farms from the requirement to hold a licence to transmit electricity, due to COVID-19-related delays in transferring their transmission assets. The four offshore wind farms, involved in the fif
Irish floating wind company Simply Blue Energy (SBE) is setting up an international development team to identify and originate new project opportunities outside Ireland and the UK. Kevin Banister, who worked for floating wind technology provider, Principle Power, for almost ten years, is joining the
