Hitachi Energy and Petrofac have joined forces to provide grid integration and associated infrastructure services for the offshore wind sector. The two companies will provide services to the market, with an emphasis on high-voltage direct current (HVDC) and high-voltage alternating current (HVAC) solutions.
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On June 23, the White House joined with eleven governors from up and down the East Coast to launch a new Federal-State Offshore Wind Implementation Partnership that will accelerate the growing offshore wind industry. The partnership will support efforts to provide Americans with cleaner and cheaper energy, create good-paying jobs, and make historic investments in new American energy supply chains, manufacturing, shipbuilding, and servicing.
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RWE, a German energy company, has signed an agreement with Siemens Gamesa to deliver offshore wind turbines for its FEW Baltic II offshore wind project in Poland. Siemens Gamesa will deliver 25 SG 14-236 DD wind turbines for the 350 MW project. A service agreement is also included with the order. Construction on the site is expected to start as early as 2024, depending on the final investment decision.
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Siemens Gamesa, a Spanish energy company, and Doosan Group subsidiary Doosan Enerbility have agreed to explore potential offshore wind power cooperation in South Korea. In Copenhagen, Denmark, the two companies signed a non-binding MoU to assess the scope of collaboration on large-scale offshore wind turbines, including installation, maintenance, and supply of turbine parts. They will also explore the sharing of services for the construction of production facilities in South Korea.
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In order to construct offshore wind projects by 2025, Ocean Winds, a joint venture (JV) company between EDP and Engie, has made the decision to invest €3 billion. Engie and EDP have each agreed to invest €1.5 billion in the development of the project. Additional funding for the projects will be obtained through debt and financing from external partners.
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TenneT, the Dutch transmission system operator, intends to develop a $31.5 billion tender plan and contract partners for the construction of land and sea connections for 40 GW of offshore wind capacity in the German and Dutch North Sea. TenneT will be responsible for at least two-thirds of this target, connecting 20 GW of capacity in each of the German and Dutch North Seas.
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Corio Generation, an offshore wind company, has signed a joint development agreement with FECON, a Vietnamese construction firm, for a 500 MW offshore wind project in Vietnam’s Ba Ria-Vung Tau province. The proposed fixed-bottom plant, which would be located between 23-35 km off the coast, is expected to be one of the country’s first large-scale offshore wind projects.
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Siemens Gamesa, a Spanish energy company, has been awarded a contract to supply 60 wind turbine units for the 882 MW Moray West offshore wind power project in Scotland. According to the agreement, the company will deliver its SG 14-222 DD offshore wind turbines, each having a capacity of 14.7MW. Each SG 14-222 DD turbine will have a 222 metre rotor diameter and use Siemens Gamesa’s 108 metre-long IntegralBlades.
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In November 2020, the European Commission presented an EU-wide strategy for offshore wind. The strategy includes both the Commission’s vision and targets for offshore wind in Europe, as well as non- binding guidance for European member states on how to reach their individual national goals and contribute to achieving the EU ́s overarching targets for the uptake of offshore wind. The strategy defines a non-binding volume target of 300 GW by 2050, with a subtarget of 60 GW by 2030 for the whole of the EU.
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ACWA Power, a Saudi energy company, and Hassan Allam Holdings, an Egyptian engineering firm, have signed a project agreement to develop a 1.1 GW wind project. The wind project will be constructed in Egypt’s Gulf of Suez and Gabal el Zeit region and will cost $1.5 billion. The project is scheduled to be financially closed by the third quarter of 2024 and operational by the end of 2026.
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In order to collaboratively develop offshore wind projects in Greece, Parkwind, a green energy company, located in Belgium, has teamed up with Intrakat, a Greek construction company. The collaboration is a component of Parkwind’s bigger international growth strategy. The agreement will combine Intrakat’s local infrastructure expertise and Parkwind’s expertise in offshore wind development.
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Wind and solar power generation lowered Turkey’s import bills by preventing seven billion USD fossil fuel imports in the last 12 months. In the following months, approximately 700 million USD in savings is expected each month if the gas price remains the same. While the Transmission System Operator reserves limited capacities for wind and solar, auctions attract 10-15 times more applications than the auctioned capacities.
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Aramco, the largest oil company in Saudi Arabia, plans to generate 12 GW of renewable energy by 2030. The company stated in its most recent sustainability report that it intends to decarbonize the power supply for Aramco’s operations by allocating the renewable energy credits from the investments. Reportedly, Saudi Arabia has a lot of potential for using solar energy because it receives over 300 days of sunlight annually.
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The Asian Renewable Energy Hub (AREH) has reached an agreement with bp to sell a 40.5 per cent stake in the large renewables and green hydrogen hub. AREH intends to gradually expand the production of onshore wind and solar energy in the Pilbara region of West Australia, and achieve an overall capacity of 26 GW of solar and wind energy. This project will provide energy exports to countries like Japan and South Korea in order to serve the domestic Australian market.
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Vattenfall, a Swedish energy company, has agreed to purchase an 85 per cent stake in two offshore wind farms in Gothenburg, Sweden, from Zephyr, a wind power company. The Vidar and Poseidon wind facilities will be constructed between 25 and 27 km north of Gothenburg, on the Swedish west coast.
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Equinor has begun a study with partners in the Troll and Oseberg fields to determine the feasibility of a 1 GW floating offshore wind farm in Norway. TotalEnergies, Shell, and ConocoPhillips, Equinor’s partners, plan to create the Trollvind floating offshore plant in the Troll area, which is located about 65 km west of Bergen.
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Equinor and Technip Energies, a French energy company, have decided to collaborate on the development of floating wind steel semi-substructures. The partnership intends to speed up the development of technology for floating offshore wind projects while also reducing costs and expanding local value prospects.
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Celsia, a power distribution company, has received a 369 MW wind turbine supply order with German wind turbine manufacturer Nordex Group for three wind projects in Colombia. Nordex will deliver 63 wind turbines to the Acacia II, Camelias, and Carreto wind farms as part of the contract. The Acacia II and Camelias wind projects are in the Guajira region of Colombia, while the Carreto wind project is in Atlantico.
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China’s wind market has witnessed a greater policy push in the recent times, encouraging greater innovation and investment in the sector. Certain advantages with regards to manufacturing of wind turbines have also contributed to China’s leading position in the segment. Given adequate policy and regulatory support, repowering activities can play a significant role in China’s wind market. Given the current trajectory, the country is likely to continue dominating the global wind energy market.
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EirGrid, Ireland’s state-owned electricity grid, has announced the final auction results for 1.9 GW of renewable energy capacity under the Renewable Electricity Support Scheme 2 (RESS 2). The auction resulted in the allocation of 414 MW of onshore wind capacity and 1,534 MW of solar capacity. The winning bids had a weighted average price of $101.80 per MWh.
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