Tag: offshore wind farm

Europe leads global offshore wind market: GWEC

Europe leads global offshore wind market: GWEC

September 11, 2021 |

Europe retains its status as the largest regional offshore wind market as of the end of 2020, but new installations outside Europe, predominantly in Asia, already surpassed Europe last year for the first time. This situation is likely to remain through to 2030, although annual installations in Europe may pass the milestone of 10 GW in 2026. In the near term (2021-2023), the majority of growth outside Europe will come from Asia – primarily China, Taiwan and Vietnam, with contributions from the US. Japan and South Korea will grow in importance from 2024 onward.

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How To De-Risk Floating Offshore Wind Projects

How To De-Risk Floating Offshore Wind Projects

September 6, 2021 | ,

Published by A Word About Wind in partnership with UL, this report explores what needs to be done to make offshore wind a more bankable asset, whether the risks associated with the sector are real or perceived. It assesses the likelihood of more oil and gas companies expanding into offshore wind industry. It also analyzes the prospects for projects combining offshore wind and green hydrogen.

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US offshore wind market to witness strong growth in the coming years

US offshore wind market to witness strong growth in the coming years

September 5, 2021 |

A new national target of 30 GW of offshore wind energy by 2030, set in March 2021, could help illuminate the potential for future U.S. market growth. As the number of projects in the advanced permitting and approval phases now exceeds 11 GW, the first phase of U.S. development is well underway. However, despite the new national offshore wind energy deployment goal, fluctuating policy support, stakeholder concerns, constrained global supply chains, and land-based grid limitations pose challenges that could potentially temper the industry’s progress.

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PGE selects advisor for 2.5 GW offshore wind project in Poland

PGE selects advisor for 2.5 GW offshore wind project in Poland

August 16, 2021 |

PGE Polska Grupa Energetyczna SA, a Polish utility, has chosen Societe Generale SA, a French bank, to act as its adviser in acquiring finance for the development of the 2.5-GW Baltica offshore wind project off the coast of Poland. After submitting a $2.2 million offer, Societe Generale was chosen in a bidding procedure.

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Vietnam’s Future Transition: Offshore Wind Auctions

Vietnam’s Future Transition: Offshore Wind Auctions

August 6, 2021 |

REGlobal provides a brief extract of Global Wind Energy Council’s (GWEC) report titled, “Vietnam’s Future Transition to Offshore Wind Auctions: International best Practices and Lessons Learned”. The article reviews auction in 6 offshore wind markets, Best practices for offshore wind growth in Vietnam, recommendations for policy support and auction design.

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Seagreen Wind Energy to offer cPPAs from 1075MW wind farm in Scotland

Seagreen Wind Energy to offer cPPAs from 1075MW wind farm in Scotland

August 3, 2021 |

Seagreen Wind Energy, a joint venture between TotalEnergies and SSE Renewables, will provide corporate purchase power agreements (cPPAs) from the under-construction 1075 MW offshore wind farm off the coast of Scotland. The Seagreen terms considerably decrease the normal cPPA period, giving purchasers an alternative to longer-term cPPAs.

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SHI wins approval for 9.5MW wind platform in South Korea

SHI wins approval for 9.5MW wind platform in South Korea

July 22, 2021 |

DNV, a Norwegian ship quality assurance and risk management organisation, has granted Samsung Heavy Industries approval in principle (AIP) for its independently designed offshore floater for wind power turbines. AIP for the floater implies that a certification body has evaluated its fundamental design and certified that it satisfies the agency’s technical requirements and standards for use.

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Apollo Funds to invest in offshore wind farm in New York

Apollo Funds to invest in offshore wind farm in New York

July 16, 2021 |

Apollo Global Management, Inc. and Arthur Kill Terminal LLC have signed into a deal for the exclusive right to invest in the Arthur Kill Terminal project, a large offshore wind energy staging and assembly facility under construction on Staten Island, New York. Atlantic Offshore Terminals, located in New York, will lead the development of Arthur Kill Terminal.

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Spain to install up to 3 GW of floating offshore wind by 2030

Spain to install up to 3 GW of floating offshore wind by 2030

July 12, 2021 |

The Ministry for the Ecological Transition and the Demographic Challenge (MITECO) of Spain has published a roadmap for the construction of up to 3 GW of floating offshore wind by 2030. Over the next decade, Spain plans to build 1-3 GW of floating offshore wind and up to 60 MW of pre-commercial wave tidal and other sustainable marine energy.

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Cerulean Winds plans to develop 3 GW of floating wind projects to decarbonise oil and gas in the United Kingdom

Cerulean Winds plans to develop 3 GW of floating wind projects to decarbonise oil and gas in the United Kingdom

June 1, 2021 |

Cerulean Winds Limited has announced a Pound 10 billion plan combining floating wind and hydrogen production to decarbonise oil and gas assets in the UK Continental Shelf. The ambitious venture calls for the deployment of more than 200 of the largest turbines at North Sea sites West of Shetland and in the Central North Sea, totaling 3 GW of capacity. The turbines will supply electricity to the offshore facilities, with roughly 1.5 GW powering onshore green hydrogen plants.

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An Ocean of Potential: Recommendations for Offshore Wind Development in India

An Ocean of Potential: Recommendations for Offshore Wind Development in India

May 19, 2021 | ,

Offshore wind will have a prominent role in India’s energy transition. As the world’s third- largest producer and fourth-largest consumer of electricity, India’s energy demand is forecast to grow between 6-7% year-on-year over the next decade. This will in turn require a large-scale and reliable renewable energy supply. As a clean, affordable, scalable and sustainable indigenous resource, offshore wind can become an important pillar for India to meet its power demand and wider strategic energy aims.

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Equinor and Eni to form a partnership for offshore wind in the North Sea

Equinor and Eni to form a partnership for offshore wind in the North Sea

May 7, 2021 |

Equinor and Eni have announced a plan to collaborate on the development of floating offshore wind plants in the North Sea as part of their expansion within renewable energy production. The Norwegian government has earmarked two areas in the North Sea for developing 4.5 GW of floating and bottom-fixed wind turbine capacity and plans. A discussion is set to take place in the Norwegian parliament by next month.

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Taiwan has fast emerged as a key offshore wind market: SG CIB’s Daniel Mallo

Taiwan has fast emerged as a key offshore wind market: SG CIB’s Daniel Mallo

April 14, 2021 |

In the APAC region, offshore wind will act as an accelerator of the energy transition. Taiwan has fast emerged as a key offshore wind market in the region. Japan is clearly the next upcoming market. South Korea could be a very big market for floating offshore wind owing to very conducive conditions for this type of offshore wind installations. Vietnam is another potential market owing to tremendous fundamentals.

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RWE to start construction of the 1.4 GW offshore wind project in UK

RWE to start construction of the 1.4 GW offshore wind project in UK

March 26, 2021 |

RWE has taken the financial investment decision on its 1.4 GW flagship Sofia Offshore Wind Farm project. The 100% RWE-owned project is the largest offshore project in the company’s renewables fleet and represents a total investment of approximately £3 billion. The company will soon begin the construction works with onshore enabling works due to start in spring 2021.

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TechnipFMC and Magnora to jointly develop floating offshore wind projects

TechnipFMC and Magnora to jointly develop floating offshore wind projects

March 22, 2021 |

TechnipFMC has entered into an agreement with Magnora ASA to jointly pursue floating offshore wind project development opportunities. They have formed a new venture for this called Magnora Offshore Wind. The joint company, Magnora Offshore Wind, is already operational and will bid in the upcoming first offshore wind application round in Norway.

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EDPR and Engie collaborate with Terna Energy for offshore wind development in Greece

EDPR and Engie collaborate with Terna Energy for offshore wind development in Greece

March 3, 2021 |

Ocean Winds, a joint venture of EDP Renewables and Engie, has signed a collaboration agreement with Terna Energy for development of offshore wind projects in Greece. As part of the agreement, the companies will identify the most suitable areas in the Greek seas for co-development of floating offshore capacity. They together plan to develop a pipeline of over 1.5 GW capacity according to their development roadmap for the current decade.

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Enbridge, EDF, wpd start the construction of the 448 MW Calvados offshore wind farm

Enbridge, EDF, wpd start the construction of the 448 MW Calvados offshore wind farm

February 24, 2021 |

EDF Renewables, a subsidiary of the EDF Group, EIH SARL, a subsidiary of Enbridge Inc., and wpd, a European renewable energy company, announced the launch of construction activity of the 448 MW Calvados offshore wind farm. The construction started post the finalization of financing agreements between the consortium and its financial partners. The total project cost is estimated at around two billion euros.

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Total and GIG secures seabed lease for 1.5 GW offshore wind project

Total and GIG secures seabed lease for 1.5 GW offshore wind project

February 9, 2021 |

The joint venture between Total and the Green Investment Group has secured rights for a seabed lease for offshore wind development off the United Kingdom Coast. The lease is valid for projects that are located off the UK’s East Anglian coast and will have an installed capacity of 1.5 GW. The project was awarded in the fourth round of offshore wind lease auctions by the UK and represents the largest European offshore wind development in the joint venture’s portfolio.

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