Kenya has become the first African country to join the Global Offshore Wind Alliance (GOWA), marking a milestone for the global expansion of offshore wind. Announced at the eleventh Our Ocean Conference in Mombasa on 17 June, Kenya’s accession to GOWA positions Africa alongside Europe, Asia, North A
The offshore wind industry has faced significant headwinds in the past couple of years, with most of the negative effects tracing their origin back to the start of the COVID-19 pandemic and the geopolitical turmoil caused by Russia’s aggression against Ukraine. This has led to supply chain instabili
The International Marine Contractors Association (IMCA) has published the “industry’s first” standard contract for transport and installation (T&I) works in offshore wind projects. The contract has been written to ensure a fairer allocation of risk, IMCA said. Building on the organisation’s contract
Welcome to the Live Blog! #OEEC2023 in a nutshell. Enjoy the highlights of the event in this video: Thanks to all participants, partners, sponsors and media partners for making this event such a great success! See you next year on 26 & 27 November 2024! Drinks at Navingo stand Offshore Energy Exhibi
The following article is a guest post by Fred van Beers, CEO Sif Netherlands B.V., & Anne Vedel, SVP Product Solutions & Integration, Vestas. The looming climate crisis and an acute need for independence from Russian oil and gas have massively accelerated European appetite for offshore wind. Governm
The global offshore wind supply chain will require USD 27 billion of secured investment by 2026 if it is to meet a fivefold growth in annual installations (excluding China) by 2030, according to the global research and consultancy group Wood Mackenzie. The figure is based on Wood Mackenzie’s base ca
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Sharing infrastructure, services and supply chain between wind and wave energy projects can reduce the levelised cost of energy (LCOE) for wind by up to 7% and by up to 40% for wave energy, while the combined LCOE of a shared project can be up to 12% lower than in separate developments, according to
The offshore wind sector must take action to address a rising tide of mechanical breakdown issues, component failures, and serial defects ensuing from the deployment of ever-larger offshore wind, according to GCube Insurance (GCube), an underwriter for renewable energy projects. GCube’s new report,
Energy major bp has launched three separate calls for innovative ideas and new collaborations in the field of offshore wind. The call is part of bp’s effort to become a global leader in offshore wind, the company said. BP is on the lookout for collaborators, from individuals to large-scale organizat
Offshore wind capacity could grow 56-fold until 2050, driven by a growing need for decarbonisation and energy security, and decreasing costs. Regarding the latter, bottom-fixed and floating offshore wind levelised costs of energy (LCoE) are forecast to drop by 39 per cent and 84 per cent, respective
6,759 MW of offshore wind capacity went into operation during the first six months of 2022 compared to 1,627 MW during the same period a year earlier, World Forum Offshore Wind (WFO) said in its Global Offshore Wind Report HY1 2022. This growth was mainly driven by China which installed 5.1 GW of ne
Offshore Wind Consultants (OWC) has developed a market study that has identified 54 territories as potential floating offshore wind markets. “This study provides an insight into the where, when and how floating offshore wind can develop to become a global industry, and hence plays a critical role in
The following article is a guest post by Una Softic, a Global Partnerships Advisor at PowerX. Japanese company PowerX is addressing renewable energy transfer challenges with strategic partners in Japan and globally, developing a power transfer vessel – Power Ark, and building a large-scale battery a
