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(Reuters) - Renewable energy group Orsted (ORSTED.CO) will invest 475 billion Danish crowns ($68 billion) to achieve a 2030 goal to install 50 gigawatts (GW) of power capacity, it said in an investor update on Thursday. The Danish company said the plans were fully self-funded and it expected to exceed goals set in 2021 for earnings before... Continue Reading →
Denmark has approved a new Marine Plan which will abolish the open door offshore wind auction scheme and terminate 24 out of the 33 offshore wind projects proposed under the scheme. Under the new Marine Plan, Denmark plans to increase the sea area reserved for the development of renewable energy projects and energy islands from... Continue Reading →
Today, Ørsted and Vestas, global leaders in renewable energy, are announcing a commercial sustainability partnership. Ørsted will procure low-carbon steel wind turbine towers and blades made from recycled materials from Vestas in all joint offshore wind projects. The deployment of offshore wind is crucial to enhancing energy security, advancing affordable energy for all, and not... Continue Reading →
(OW) The first GE Haliade-X blades for the 800 MW Vineyard Wind offshore wind farm have arrived at the New Bedford Marine Commerce Terminal in Massachusetts, USA. The 107-metre-long blades arrived on the Rolldock Sky heavy load vessel, which is currently docked in the Port of New Bedford, according to the latest AIS data. A couple of weeks ago,... Continue Reading →
Hitachi Energy has provided China’s State Power Investment Corporation Limited (SPIC) with what they say is the country’s first 220 kV modular and prefabricated offshore grid connection platform for the 500 MW Shandong Peninsula South V offshore wind farm. Thanks to Hitachi Energy’s Grid-eXpand modular and prefabricated grid connections, the solution reduced the size of... Continue Reading →
(OW) Hydrogen production technology with the direct seawater electrolysis method has been tested at Xinghua Bay offshore wind farm in Fujian, southeast China. According to reports by the Beijing-based state-run foreign-language news channel, CGTN, this world’s first test to produce hydrogen by in-situ direct electrolysis of hydrogen production technology without desalination of seawater was conducted... Continue Reading →
(OE) Norwegian Offshore Wind, an organization that promotes the development of the floating wind supply chain, has launched the NOW Accelerator, designed to foster the growth of startups and scaleups in the offshore wind industry. "The program is first of its kind and will start in August. The accelerator will run in close collaboration between... Continue Reading →
On 2 June, BlueFloat Energy announced that the company had secured contracts for four (floating) offshore wind project sites in the Philippines and thus entry into the country’s offshore wind market. These are Wind Energy Service Contracts (WESCs), or Offshore Wind (OSW) Service Contracts (SCs), that are being awarded by the Philippines’ Department of Energy, which reported in April... Continue Reading →
(OW) SouthCoast Wind, the developer of an offshore wind lease area off the coast of Massachusetts, has started discussions with this US state’s representatives and utilities to terminate its existing Power Purchase Agreements (PPAs) citing ”material and unforeseen supply chain and financing cost increases affecting the whole offshore wind industry.” The SouthCoast Wind, a 2.4 GW... Continue Reading →
(OET) The energy woes that befall the world in 2022 brought about the double whammy of rapidly working on diversifying the energy mix with more renewables while ramping up the crude oil and natural gas production to appease the increasingly intertwined concepts of energy security and transition to a green and low-carbon future. In this... Continue Reading →
Brazil Energy Insight 