(TCD) The designation of “world’s largest” wind turbine seems to be a fleeting recognition, as innovations taking the tech to new heights frequently make headlines. Some of the latest windcatchers also leverage wood, unique shapes, and extreme designs to create electricity. The latest turbine coming from China’s Mingyang Smart Energy is made for higher gusts and can... Continue Reading →
All Turbines from Vattenfall’s Danish Offshore Wind Farm Now Supplying Power
(OE) Every single turbine at Vattenfall’s 168 MW offshore wind farm Vesterhav Syd has now delivered power to the Danish electricity grid. The offshore wind farm is now completely connected to the Danish power grid, following the supply of power from the first turbines back in November 2023. Since then, the remaining turbines have been linked... Continue Reading →
Eversource Energy to record up to $1.6 bln in impairment charges in Q4
(Reuters) - Utility firm Eversource Energy (ES.N) said on Monday it would record an after-tax impairment charge, other than temporary, of $1.4 billion to $1.6 billion in the fourth quarter related to some wind projects. Shares of the company fell nearly 3% in trading after the bell. Eversource said it would incur a charge of about $800... Continue Reading →
Iberdrola, World Bank Eyeing Offshore Wind, Green Hydrogen Projects in Emerging Markets
(OW) Iberdrola and the World Bank, through its private sector investment arm, the International Finance Corporation (IFC), have signed a EUR 300 million loan agreement to develop renewable energy projects in countries dependent on fossil fuels, including Morocco, Poland and Vietnam. IFC has already allocated a first tranche of EUR 170 million for the support... Continue Reading →
Offshore wind impetus set to continue in 2024, report claims
Offshore staff (OM) Last year was a record for offshore wind investments worldwide, according to a report by TGS - 4C Offshore, with projects totaling 12.3 GW in capacity reaching closure. Up to 13 GW of further projects could go forward in 2024. The 2023 intake included FID on eight European projects total, concluding with Hornsea... Continue Reading →
Colombia, AFRY assessing offshore wind trading measures
(OM) AFRY will support the Colombian government to develop offtake mechanisms for commercialization of offshore wind energy, according to a late December announcement. In 2022 the government established the regulatory framework for the country’s first seabed leasing process. Definition of mechanisms for trading offshore wind energy will help provide financial stability and certainty for the... Continue Reading →
Verlume Granted Fit4Offshore Renewables Status
(OE) Scottish energy management and storage technologies specialist Verlume has achieved the ‘Granted' status from the Offshore Renewable Energy (ORE) Catapult’s Fit For Offshore Renewables (F4OR) program. Designed as a business improvement programme and to build energy sector specific capability, F4OR has been developed with input from the offshore renewable energy industry and is managed... Continue Reading →
Norway’s Statkraft to invest up to $6.6 bln in hydro, wind power
(Reuters) - Norway's state-owned renewable power producer Statkraft on Monday said it plans to invest up to 6 billion euros ($6.56 billion) to upgrade its domestic hydro and wind power facilities and to build new onshore wind farms. The plans would double Statkraft's current output from wind farms and boost the effect of the company's... Continue Reading →
Ulstein Inks Deals with JP Morgan for Offshore Wind CSOV Newbuilds
(OE) Norwegian shipbuilder Ulstein Verft has signed contracts with J.P. Morgan Asset Management for offshore wind Construction Service Operation Vessel (CSOV) newbuilds. In 2023, Bernhard Schulte Offshore ordered the design and construction of two such vessels from Ulstein under a contract which included options for two plus two vessels. These options have been transferred to institutional investors... Continue Reading →
Copenhagen Infra, Avangrid JV Vineyard Wind supplies first power to grid
(Reuters) - Copenhagen Infrastructure Partners and Avangrid (AGR.N) said on Wednesday their joint venture Vineyard Wind began generating power for the first time, supplying five megawatts (MW) to the New England grid. The project is expected to have five turbines operating at full capacity in early 2024, the companies said. The announcement comes after offshore wind projects... Continue Reading →