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(OE) Offshore wind developments play a vital role in Europe's energy transition plans, but the industry may face a significant supply challenge in the coming years, with a forecasted wind tower supply crunch. According to Rystad Energy, in 2028, the demand for offshore turbine towers will surpass the manufacturing capacity, indicating an urgent need for... Continue Reading →
(OE) Seaway 7, an offshore wind installation subsidiary of Subsea 7, has secured a "very large" contract with ScottishPower Renewables for the transport and installation of the foundations and inner-array cables for the East Anglia THREE offshore farm in the UK. Subsea7 defines a very large contract as being between USD 500 million and USD... Continue Reading →
(OW) The Crown Estate has reported a record net revenue profit of GBP 442.6 million (around EUR 512 million) for the financial year 2022/23 thanks to earnings from option fees that the developers of the Round 4 offshore wind farms started paying this year. Offshore wind has also boosted the value of The Crown Estate’s... Continue Reading →
(OW) OX2 and Ingka Investments have signed their third conditional agreement with a supplier for two of their offshore wind projects in Sweden, Triton and Galene, this time with Hitachi Energy for high-voltage equipment and systems, and power quality solutions for two onshore substations and up to eight offshore substations. The two project owners are... Continue Reading →
(Reuters) Itochu Corp, Tokyo Gas Co Ltd, and other companies are considering bidding in the second round of the Japanese government's auction of offshore wind power projects, the Nikkei business daily reported on Thursday. In December, Japan resumed public auctions of offshore wind farm projects under revised rules aimed at encouraging a wider range of... Continue Reading →
(OE) China Three Gorges Corporation said Wednesday it had installed the world's first 16MW offshore wind turbine, off the coast of Fujian, China. The news was also confirmed by the wind turbine maker Goldwind, which said: “On June 28, Goldwind successfully hoisted the GWH252-16MW offshore wind turbine in Pingtan, China. The turbine, which set the... Continue Reading →
(Reuters) - Renewable energy project developers have limited exposure to the wind turbines that are at the heart of far-reaching quality issues at Siemens Energy's (ENR1n.DE) Siemens Gamesa division, brokerage Citi said. Siemens Energy last week warned of quality problems at up to 30% of its onshore fleet, sending its shares down more than a third on... Continue Reading →
(Reuters) - Major wind power developers including Iberdrola (IBE.MC), RWE (RWEG.DE) and Orsted (ORSTED.CO) played down the impact of potential problems with Siemens Gamesa onshore wind turbines. Siemens Gamesa parent Siemens Energy (ENR1n.DE) last week said problems with its more recent onshore platforms could affect up to 15-30% of its installed turbines worldwide, triggering a 37% fall in its share price. It warned... Continue Reading →
(Reuters) - Brazil aims to pass a regulatory framework for offshore wind and green hydrogen by the end of this year, the country's energy minister told Reuters on Tuesday, as Latin America's largest nation seeks to unlock new sectors to power its energy transition. Leftist President Luiz Inacio Lula da Silva has staked his international... Continue Reading →
(OW) POSCO International has signed a Memorandum of Understanding (MoU) with Denmark-based Copenhagen Infrastructure Partners (CIP) to cooperate on offshore wind and green hydrogen business development. Under the MoU, the two companies will work together to develop offshore wind projects in Pohang, which would serve as a base for supplying renewable energy to POSCO’s Pohang... Continue Reading →
Brazil Energy Insight 