Chinese turbine giant, Ming Yang, joins Norwegian Offshore Wind network

May 30 (splash) Chinese turbine manufacturer Ming Yang Europe has joined Norwegian Offshore Wind, underscoring its commitment to building deep, long-term partnerships with the European offshore wind community, particularly with Norway, which pioneered floating offshore wind technology. Norwegian Offshore Wind unites around 300 member companies across the offshore wind value chain. Norway has set a... Continue Reading →

Swiss Company Buys Minority Stake in BW Ideol

Jan 7 (offshoreWIND.biz) Switzerland-headquartered Holcim has taken a minority equity ownership in the floating offshore wind technology developer BW Ideol. “This investment sends a powerful message to the floating offshore wind industry, confirming the maturity and deliverability of concrete foundation solutions. With Holcim by our side, we’re making significant strides in our large-scale, concrete serial... Continue Reading →

Weak Wind Cuts RWE’s Profit

(Reuters) Germany's biggest power producer RWE posted lower-than-expected core profit for the first half on Thursday, citing weak wind conditions as well as a muted trading business. First-half adjusted earnings before interest, tax, depreciation and amortization fell by more than a quarter to 2.14 billion euros ($2.50 billion), missing the 2.24 billion average estimate in... Continue Reading →

German Economic Minister Warns of Risks to Tenders as Recent Offshore Auctions Draw No Bids

Aug 6 (Reuters) Germany's Economy Minister Katharina Reiche warned on Wednesday that flawed site selection and shifting market dynamics were undermining offshore wind tenders, as the country's latest offshore auctions received no bids. Two August tenders for offshore wind energy plants, with volumes of 2,000 MW and 500 MW, and planned commissioning dates in 2031 and 2030, drew no bids for the first... Continue Reading →

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