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(Reuters) - Nearly all European Union countries and around 300 companies and industry groups agreed on Tuesday to move ahead with plans to rapidly expand wind farms and the local industries needed to build them. The European Commission announced plans in October to support Europe's wind energy industry, which will need to massively expand capacity to hit... Continue Reading →
(OW) As new offshore wind markets keep emerging and targets in established markets keep increasing, questions on how much capacity can actually be installed, especially until 2030 which is just around the corner, are now part of the sector’s foreground. The most vocal on the (un)likeliness of the national and regional targets for 2030 being... Continue Reading →
(OW) Building on a previous collaboration focused on tower foundations and lifting guidelines, Siemens Gamesa and Vestas, facilitated by Energy Cluster Denmark, have signed a new partnership agreement to increase standardization within the wind industry. Initially, the partners will standardize equipment for the transportation of wind turbine towers. “Currently, whenever a wind turbine tower is... Continue Reading →
(Reuters) - TotalEnergies's (TTEF.PA) CEO gave his backing to an international pledge to triple renewable energy generation at the COP28 climate summit, calling it necessary to phase out fossil fuels and decarbonise. "It's the right way to frame the object, tripling renewables, because if we don't do that, there's no way to phase out fossil energy," Patrick Pouyanne told... Continue Reading →
(Reuters) International energy companies, from Germany's RWE to Spain's Iberdrola, are urging Japan to beef up offshore wind power auctions and make investments more attractive, amid soaring installation costs as competition for suppliers grows worldwide. Although desperate to ease its heavy dependence on energy imports from the Middle East and Russia, Japan is coming late to offshore wind,... Continue Reading →
Philip Lewis contributor (OE) The U.S. offshore wind market presents a $1 billion long-term opportunity to builders of crew transfer vessels (CTV) and service operation vessels (SOV) that will support both wind farm construction and long-term operations and maintenance. Unlike many of the construction vessels to be deployed on U.S. wind projects, CTVs and SOVs... Continue Reading →
(OW) Iberdrola France has launched its platform to identify and collaborate with companies committed to renewable energy and offshore wind for upcoming calls for tenders. According to Iberdrola, the company’s goal is to integrate new partners into the Iberdrola France network to facilitate collaboration on territories and future offshore wind projects. Iberdrola France is organising... Continue Reading →
(Reuters) Recent decisions in the United States and Britain to accept higher prices for offshore wind developments are a welcome sign that authorities are adjusting to higher costs in the industry, Equinor's head or renewables said on Tuesday. "I believe that politics and markets will adjust, and that is also necessary in order to keep... Continue Reading →
(Reuters) South Korea's Ministry of Trade, Industry and Energy said on Wednesday that British-based offshore wind firm Corio Generation and BP have submitted investment plans for wind farm projects in South Korea totaling $1.16 billion. The projects, which had been in the works, are additional signs of carbon-free energy cooperation between Britain and South Korea... Continue Reading →
(Reuters) - BP (BP.L) is seeking partners for offshore wind projects in Japan and may invest in hydrogen technology companies to tackle inflation and equipment bottlenecks that have battered the renewables sector. The oil major plans to expand in low carbon energy in the coming decades as it seeks a long-term business model that can survive the... Continue Reading →
Brazil Energy Insight 