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,
The following article is a guest post by Alexander Hansen Bakken, Cyber Security Consultant, DNV. DNV’s 2022 Energy Transition Outlook, an independent model of the world’s energy systems, forecasts that wind energy will grow 10-fold by 2050, boosted by cheaper turbines and improvements in operation
Cumulative global capex spend in the offshore wind sector is expected to hit USD 1 trillion by 2031, but investors will no longer only be competing on price alone, according to a new report by Wood Mackenzie. Offshore wind is poised to become one of the key technologies powering the decarbonisation
The following article is a guest post by Jonathan Morton, Associate at the international commercial law firm Haynes and Boone. The embrace of floating offshore wind has come surprisingly fast. There is already talk of floating wind sites with more than 100 turbines being built by 2032, and the inter
Accelerating the development of robotics and autonomous systems (RAS) will be a significant enabler to reaching net-zero targets, according to new research from the Offshore Renewable Energy (ORE) Catapult, which estimates that the global robotics market in the wind energy industry, both offshore an
Upwards of 172,000 more people will need to be trained to GWO standards over the next five years to meet the global offshore wind power market demand in line with health and safety standards, a new report has found. These workers will need to be trained to construct, install, operate and maintain th
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
Siemens Gamesa has unveiled its 3-year strategic plan, with the L3AD2020 program, which includes a series of measures that will unlock EUR 2 billion of cost reductions.
Are you ready to tackle the challenges both short and long term? Secure your seat now for the Offshore WIND Conference where we will delve deeper into the opportunities and challenges the offshore wind industry is facing now and will face up to 2050.
The total installed wind capacity is expected to reach 500 GW by the end of 2016 and cover 5% of global power supply, according to the World Wind Energy Association (WWEA). The worldwide wind capacity reached 456,486 MW by the end of June 2016, out of which 21,714 MW were added in the first six mont
A report by KIC InnoEnergy and BVG Associates has identified fifty offshore wind innovations which have the potential to make a substantial reduction in the levelised cost of energy (LCOE) through changes to design, hardware, software or process. The report, ‘Future renewable energy costs: offshore
The global wind Operations and Maintenance (O&M) is estimated to increase from USD 10 billion in 2015 to USD 17 billion by 2020, at a compound annual growth rate of 11.2%, according to research and consulting firm GlobalData. The company’s latest viewpoint states that technological developments have
The Offshore WIND staff would like to wish all our readers a happy, prosperous, and offshore wind-powered 2016! Happy New Year! Image source: Marc Pearce
The International Renewable Energy Agency (IRENA) opened its Africa High-level Consultative Forum, one of the year’s largest summits of African energy ministers and experts and the only to concentrate exclusively on renewable energy. Building on the endorsement of IRENA’s 148 member countries for an
