Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) Prysmian, the world's largest cablemaker, said on Thursday its core earnings jumped 48% in the first quarter, beating estimates, as it continued to profit from global trends in energy transition and electrification. However, despite strong quarterly results, the company refrained from upgrading its forecasts for its full-year adjusted earnings before interest, tax, depreciation and... Continue Reading →
(OW) Ireland has selected four projects with a combined capacity of nearly 3,100 MW in the first offshore wind auction under the Renewable Electricity Support Scheme (ORESS 1). The four projects are the 1,300 MW Codling Wind Park owned and developed by a 50/50 joint venture of Fred. Olsen Seawind and EDF Renewables; the 824 MW Dublin Array owned... Continue Reading →
A collaboration between Cambridge Vacuum Engineering (CVE), SSE Renewables, Sif Group, and TWI, has resulted in what is said to be the first-ever electron beam welded section to be incorporated in an offshore wind turbine monopile foundation (transition piece). The resulting monopile is set for installation in the second phase of Dogger Bank Wind Farm,... Continue Reading →
(OE) The month of May brings a mixed bag of news for offshore wind in the United States, as outlined in the latest U.S. Offshore Wind Report from business intelligence firm Intelatus Global Partners. In the "positive" category, Intelatus said federal permitting of projects continues on schedule, and states continue to plan to procure and... Continue Reading →
(Reuters) In the port city of Taichung on Taiwan's west coast, a crane hoists into place the end section of a white wind turbine tower that stands almost a hundred meters tall. The turbine will be one of 111 spinning at a multi-billion dollar offshore wind project located up to 60 kilometers into the Taiwan Strait, which... Continue Reading →
(QC) The Port of Long Beach has announced plans for Pier Wind, a giant floating offshore wind facility designed to help California and the nation achieve renewable energy goals. The facility, the largest of its kind at any U.S. seaport, will support the manufacture and assembly of offshore wind turbines as tall as the Eiffel... Continue Reading →
(Reuters) - Danish wind turbine maker Vestas (VWS.CO) on Wednesday reported an unexpected first-quarter profit and maintained its full-year guidance despite a tough backdrop for the industry. Despite booming demand for renewable energy, increased competition and soaring metal prices meant that Vestas did not manage to turn a profit last year. "The wind industry remains challenged by... Continue Reading →
Gazelle Wind Power (Gazelle), the developer of a hybrid modular floating offshore wind platform, has agreed to take a controlling stake in Spanish-based naval architect and marine consulting firm Faustino Carceller, S.L. (F. Carceller). "Gazelle’s shipbuilding approach for construction creates synergies for both companies, making this acquisition a practical fit to help the company accelerate... Continue Reading →
(OE) Singapore's Seatrium, through its subsidiary Sembcorp Marine Offshore Platforms Pte. Ltd. (“SMOP”), has secured a contract worth more than S$500 million for two offshore wind farm substations from Empire Offshore Wind, a joint venture between Equinor and BP. The contract award follows the completion of the FEED (Front-End Engineering and Design) contract secured by... Continue Reading →
Vietnam aims to more than double its power generation capacity by 2030, but has slightly lowered its target for offshore wind and will heavily rely on coal until the end of the decade, according to a government document seen by Reuters. Total installed power generation capacity in the Southeast Asian country is projected to reach... Continue Reading →
