The Limburg investment holding company Nuhma has launched a cooperative through which Belgian citizens and partnerships can now invest in offshore wind projects Nuhma is involved in. The first company in which the general public can invest via the ECO2050 cooperative is Z-Kracht. Z-Kracht, a divisio
Virginia Department of Mines, Minerals and Energy (DMME) and Old Dominion University (ODU) have signed a Memorandum of Understanding for the state’s offshore wind projects. The agreement, signed between ODU President John R. Broderick and DMME Director John Warren, is based on providing research and
German offshore wind developer wpd AG has reached financial close on the 640MW Yunlin offshore wind project in Taiwan. The Yunlin project is 73% owned by wpd and 27% owned by a Sojitz Corp-led consortium which includes Chugoku Electric Power Co. Inc., Chudenko Corporation, Shikoku Electric Power Co.
The French Ideol has shared a video showing the construction methods of its floating foundation. The ring-shaped floating foundation, known as the Damping Pool, has been developed and patented by Ideol and built by Bouygues Travaux Publics. The foundation is being used for the Floatgen floating wind
The average cost of electricity produced by offshore wind could decrease by 15%, to USD 0.108/kWh, by 2022, or 4% per year, according to a new report by International Renewable Energy Agency (IRENA). The Renewable Power Generation Costs in 2018 report states that offshore wind projects in 2022 would
Poland’s state-run utility Tauron is planning to optimize investments and limit operations in the mining and heating segments to focus on renewable energy, including offshore wind. Tauron plans to increase the share of low and zero emission sources in its production mix by involving in the construct
The public comment period for the Les Éoliennes Flottantes du Golfe du Lion (EFGL) floating wind farm pilot project in France has officially closed. The comment period for the project and its transmission system was launched on 23 April and was open for 31 consecutive days. Les Éoliennes Flottantes
Siemens Gamesa has expanded the cooperation with Jupiter Bach for the supply of nacelle covers for its offshore wind turbines. The expanded cooperation includes Jupiter Bach supplying nacelle canopy covers for Siemens Gamesa’s SWT-7.0-154 turbine, which are delivered from the company’s factory in Po
The U.S. Business Network for Offshore Wind has expanded its membership with the addition of more than 90 new members. The new members range from large international companies to small businesses and include both offshore wind veterans and new entrants into the industry, the Network said. Some of th
US Wind Inc and Ørsted U.S. Offshore Wind have expressed their support to Maryland passing the Clean Energy Jobs Act (CEJA) and the plans to achieve 100% clean electricity by 2040. As reported, CEJA will see the development of 1.2GW of additional offshore wind capacity in Maryland by 2030. In May 20
The German offshore wind energy supply chain is under real pressure due to a lack of auctions and a disappointing perspective for future auction volumes to 2030, according to WindEurope. The last German offshore wind auction was in April 2018 and no more are scheduled until 2021. This has lead to or
Wpd France has signed an agreement with DORIS Engineering to deliver studies for floating offshore wind in French waters. Under the agreement, DORIS said it will provide strategic expertise in aero-hydrodynamic, mooring, cables, geotechnical and structural issues. According to the French company, th
Siemens Gamesa Renewable Energy (SGRE) has been assigned a BBB long-term credit rating with stable outlook by Fitch. The agency attributes the rating to Siemens Gamesa’s consolidated leading position in the wind industry, with the necessary technical capabilities and scale to compete globally in an
Engie and EDP have signed a strategic Memorandum of Understanding (MoU) to create a co-controlled 50/50 joint-venture (JV) in fixed and floating offshore wind. The new entity will be the exclusive vehicle of investment of EDP, through its subsidiary EDP Renewables (EDPR), and Engie for offshore wind
