(OE) Danish wind turbine maker Vestas said Tuesday it had won an order from Hibiki Wind Energy to supply being turbines for the Kitakyushu-Hibikinada offshore wind farm project in Japan. The offshore wind project is located offshore Kitakyushu city, Fukuoka prefecture. Under the wind turbine order, Vestas will supply and install 25 V174-9.5 MW offshore... Continue Reading →
Floating Wind Power Gains Traction But Can It Set Sail?
(Reuters) After a bumper year for floating offshore wind farm tenders, the nascent industry is poised for explosive growth in the coming decade as countries strive to cut their carbon emissions. But it's unlikely to be all plain sailing. Rising costs and supply chain bottlenecks have hit some projects and without investment in infrastructure to... Continue Reading →
Remazel Engineering secures contract for mooring connecting system
(OM) Remazel Engineering, with work and support from Remazel Asia, has been awarded a contract for the design and manufacturing of a permanent mooring connecting system for floating offshore wind and fish farm integration application by the Chinese company LONGYUAN ZPMC, part of China Longyuan Power. This pilot project is an integrated system of a floating wind turbine and marine aquaculture, and it will be... Continue Reading →
Keppel’s Profit Boosted by Sale of Offshore & Marine Business
Singaporean conglomerate Keppel Corp Ltd on Thursday posted a higher net profit for the first quarter, boosted by a significant one-off gain recognized from the sale of its offshore & marine unit. In February, Sembcorp Marine completed a S$4.50 billion ($3.37 billion) buyout of Keppel's offshore & marine unit after receiving the necessary shareholder approvals.... Continue Reading →
Markets: The Challenges of Developing Floating Wind at Scale
Philip Lewis, Contributor Tens of gigawatts of floating wind projects are slated for development in this and the next decade, but many obstacles remain. There has been much focus on the emerging floating wind market of late. The U.K. is forging ahead with commercial scale floating wind developments through the Scotwind and INTOG awards of at... Continue Reading →
Shell and Hexicon Appoint K2 Management as Lender’s Technical Advisor for South Korean Floating Wind Farm
Shell and Hexicon, through their joint venture in South Korea, have appointed K2 Management (K2M) as Lender’s Technical Advisor for the MunmuBaram project, a 1.3 GW floating wind farm planned to be built between 65 and 80 kilometres offshore the city of Ulsan. The Denmark-headquartered K2 Management will first review the general project status and... Continue Reading →
Major Industry Players Team Up on Floating Wind Development Offshore Ulsan
Major industry players have joined forces and launched the Ulsan Floating Offshore Wind Association with the aim to promote the development of the offshore wind industry in Ulsan, South Korea. The Association consists of the Ulsan Chamber of Commerce and Industry (UCCI) and five companies: Korea Floating Wind (Ocean Winds and Aker Group), Firefly Offshore Wind... Continue Reading →
Japan’s Mitsubishi, others raise $692 million for Monsoon wind project in Laos
(Reuters) - Japan's Mitsubishi Corp (8058.T) on Monday said that it and other shareholders of the Monsoon wind power project in Laos have raised $692 million in financing for the wind farm. Mitsubishi, Thai renewable energy firm BCPG Pcl, and other stakeholders secured the financing package from the Asian Development Bank, Japan International Cooperation Agency, Sumitomo Mitsui... Continue Reading →
Vestas’ 15MW Offshore Wind Turbine Prototype Reaches Full Power Rating
(OE) Danish offshore wind turbine maker Vestas said Monday that its most powerful wind turbine, the V236-15.0 MW prototype, stretching 280 meters into the air, had reached 15 MW nominal power rating. "The prototype was installed in December 2022 and produced its first kWh of power shortly after. Since then, the turbine has been through a... Continue Reading →
Sembcorp Marine Proposes Name Change Following Merger with Keppel Offshore & Marine
Singapore-based Sembcorp Marine said Monday it was proposing to change its name from “Sembcorp Marine Ltd” to “Seatrium Limited." This follows the completion of the combination of the company's businesses and Keppel Offshore & Marine Ltd on February 28, 2023, and will adopt a new branding for the enlarged entity. "The proposed change of name... Continue Reading →