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(offshoreWIND.biz) A consortium gathering 17 partners from eight European countries has started working on a project, dubbed Floatfarm, with a goal to lower the levelised cost of energy (LCOE) of floating wind through solutions such as shared mooring and anchoring, and to reduce the impact of floating wind farms on marine wildlife. Funded by the... Continue Reading →
(offshoreWind.biz) According to a recent report from Rystad Energy, continental Europe will see the installation of 137 offshore substations over the coming decade, with an estimated total investment of USD 20 billion (approximately EUR 18.6 billion). According to the report, over 120 substations will be installed between 2024 and 2030 at a cost of around... Continue Reading →
Norwegian shipbuilder Vard has launched a 171-meter-long cable laying vessel (CLV) Monna Lisa, being built for Prysmian, marking another major milestone towards the delivery of the vessel, scheduled for 2025. Prysmian executives gathered at the VARD shipyard in Tulcea, Romania to celebrate the launching of the new CLV Monna Lisa, the sister ship to the... Continue Reading →
(Reuters) - Siemens Energy unveiled sweeping changes at its struggling wind division on Wednesday, including job cuts and a new CEO, tightening its grip on a loss-making business as the provider of power equipment emerges from its biggest crisis to date. The announcement, which was flanked by a raised full-year outlook and a fourfold increase... Continue Reading →
(Offshore-energy.biz) Subsea7 has reported a “robust” backlog of $10.4 billion in its financial results for the first quarter of 2024, with tendering activity high in both the subsea and offshore wind sectors. To remind, in the financial results for the full year of 2023, Subsea7 reported it had secured $7.4 billion of contract awards last year, taking its backlog... Continue Reading →
(offshoreWIND.biz) Flotation Energy and Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, have obtained the offshore planning approval for the Green Volt floating wind farm offshore Scotland. With onshore consent announced earlier this month, Green Volt has now received all its planning approvals and remains on track to be the first commercial-scale floating offshore... Continue Reading →
(Reuters) - The European Union will investigate subsidies received by Chinese suppliers of wind turbines destined for Europe, the bloc's anti-trust commissioner, Margrethe Vestager, has said. Tuesday's move is the latest in a growing effort in both Europe and the United States to shield domestic clean energy industries from cheap Chinese imports, which authorities say benefit... Continue Reading →
( offshoreWind.biz)Last year was a record year for offshore wind projects reaching a final investment decision (FID) with nearly 9 GW of capacity hitting this milestone in 2023, according to WindEurope’s annual report, issued on 28 February. Ahead of its annual event, opening today in Bilbao, the European wind energy industry organisation also released a new... Continue Reading →
(Reuters) - Norwegian state-owned utility Statkraft, which has quietly become Europe's largest renewable energy producer, faces the challenge under its new CEO of balancing ambitions for global growth with financial restraint and calls to go public. On Monday, Statkraft's board announced Birgitte Ringstad Vartdal, its head of Nordic operations, would take on the top job... Continue Reading →
Germany's top utility RWE has signed a Letter of Support with the Port Authority of A Coruña to facilitate the scaling-up of the port capacity in support of the Spanish government’s floating wind targets. Working together under a Letter of Support, the partners will investigate the potential for transforming infrastructure at the Port of Coruña,... Continue Reading →
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