For its offshore wind farm in Taiwan, Canadian energy company Northland Power has entered into a corporate power purchase agreement (CPPA) with an investment-grade counterparty. In accordance with the 20-year CPPA, the buyer will receive all of the clean energy produced by the Hai Long 2B and 3 projects. The two projects will start operating in late 2026 and have a combined capacity of 744 MW.
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RWE, a German energy company, has officially launched Clocaenog Forest, its largest onshore wind farm in the UK. The 96 MW onshore wind farm in North Wales has 27 wind turbines and can generate enough clean energy to power 63,800 UK homes. The project’s main contractor was Jones Brothers Civil Engineering UK.
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Iberdrola, a Spanish energy company, has set up a substation in Brittany, France, for its 500 MW Saint-Brieuc offshore wind farm. Reportedly, the substation will start operating the following year and will be the first significant application of this technology in France. At the Saint-Brieuc power plant, 62 offshore wind turbines have been installed.
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The United States’ West Coast has vast, untapped offshore wind resources to help decarbonize the country’s energy system. Offshore wind would diversify generation resources while reducing land-use conflicts in the Western U.S., where 80 percent of customers are served by utilities with net-zero carbon emission mandates. Coastal states make up 57 percent of Western electricity demand.
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Preliminary studies carried out by NIWE across the coastline of India indicate good potential both off the southern tip of the country and the West coast for offshore wind farm development in India. Based on a multi-criteria approach involving assessment of various parameters such as wind resource, bathymetry etc., eight zones each off the coast of Gujarat and Tamil Nadu were identified as potential offshore wind energy zones.
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The Yeonggwang Project, a 1.2 GW floating wind project off the south-west coast of South Korea, has been the subject of a sale and purchase agreement signed by offshore wind developer Hexicon Korea. According to the agreement, Hexicon Korea will sell its 40 per cent stake in the project to an undisclosed buyer, who will then become the project’s 100 per cent owner and take over its financial management moving forward.
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A 525 MW portfolio of renewable energy projects in Croatia will be purchased and jointly developed by Israel-based Enlight Renewable Energy for an undisclosed amount. The portfolio of renewable projects consists of a 139 MW wind project and four solar projects with a cumulative capacity of 386 MW. The projects are currently in various stages of development, and it is anticipated that construction work will start at the end of 2023 and run until 2025.
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Siemens Financial Services has sold its remaining 20 per cent ownership in the 402 MW Veja Mate offshore wind farm in Germany to engineering consulting firm KGAL, Commerz Real, and Ingka Group. No financial details have been disclosed. According to KGAL, the investment is a part of the KGAL ESPF IV fund for renewable energy.
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RWE, a German energy company and Hellenic Petroleum Holdings, a Greece-based oil firm have agreed to jointly explore offshore wind opportunities in Greece. Through their respective subsidiaries, RWE Renewables and HELPE Renewables, the companies collaborated to develop, construct, and operate wind farms off the coast of Greece. The partnership comes as Greece plans to have 2 GW of operational offshore wind capacity by 2030.
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Plenitude (Eni) and HitecVision have signed an agreement to expand their Norwegian renewable energy joint venture (JV), Vårgrønn. Vårgrønn will be transformed into a tangible, full-cycle offshore wind player by the partners. The JV intends to have a total installed and sanctioned offshore wind capacity of 5GW by 2030, with a primary focus on markets in Northern Europe.
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wpd offshore Australia Holding, part of Germany’s wpd Group has signed a joint venture (JV) with Australis Energy to construct three offshore wind energy projects off the coast of Australia. The three offshore wind projects will be constructed in the coastal waters of Victoria, South Australia, and Western Australia, and will have a combined capacity of 1.4 GW.
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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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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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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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