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July 28 (Reuters) - Wind turbine maker Nordex on Monday reported second quarter core earnings that were above analysts' consensus forecasts. The German onshore wind turbine company posted earnings before interest, tax, depreciation and amortization (EBITDA) of 108.2 million euros ($127.09 million), above analyst expectations of 102 million euros in a company-compiled consensus. That was up... Continue Reading →
(Reuters) Norway's Equinor said on Wednesday it booked a $955 million impairment on an offshore wind project in the United States, despite the lifting of an earlier ban on its construction by President Donald Trump's administration. In April, Interior Secretary Doug Burgum said the administration of former President Joe Biden had failed to conduct enough... Continue Reading →
(OE) Skyborn Renewables has confirmed the execution of the Turbine Supply Agreement (TSA) and the Offshore Long Term Program Service Agreement (LTPSA) with Siemens Gamesa for the provision of 63 SG 14-23 wind turbines and their long term service for the Gennaker offshore wind farm in Germany. Both agreements are based on the Master Supply... Continue Reading →
(OE) The world’s most powerful direct-drive floating offshore wind turbine, rated at 17 MW and co-developed by Dongfang Electric Corporation and China Huaneng, has been rolled out in China. With the highest single-unit capacity and the largest rotor diameter globally, the milestone marks a new breakthrough in China’s offshore wind power equipment manufacturing and provides... Continue Reading →
(OE) Iberdrola has signed green financing agreement with 24 banks for the East Anglia THREE offshore wind farm, being developed together with Abu Dhabi Future Energy Company (Masdar). The transaction valued at $4.88 billion, which was 40% oversubscribed, is one of the largest of its kind to date and will cover a substantial part of... Continue Reading →
(OE) Some offshore wind turbine (OWT) support structures may fall short of required fatigue life expectations, according to a new Lloyd’s Register (LR) report, which also pinpointed reliability-based inspection as one of the measures to manage fatigue-driven risks in such structures. The case study evaluated a North Atlantic offshore wind farm of 60–70 turbines, with the... Continue Reading →
ABS has issued an Approval in Principle (AIP) to Hanwha Ocean for its semi-submersible floating offshore wind turbine design, named WindHive 15-H3, which can support 15 MW wind turbines. The AiP from ABS follows the Approval in Principle that the South Korean company secured for its floater from DNV at the beginning of this year. The... Continue Reading →
(Reuters) Colombian state oil firm Ecopetrol said on Monday it has purchased a wind power project in the northern province of La Guajira from Enel for $50 million. The Windpeshi project will have a capacity of 205 megawatts (MW), which will be added to Ecopetrol Group's self-consumption energy portfolio, the company said in a statement. "We have... Continue Reading →
(offshoreWIND.biz) Brazil’s SENAI Institute of Innovation in Renewable Energy (ISI-ER) and SENAI’s Rio Grande do Norte branch, SENAI-RN, expect to receive the installation permit for their pilot project, the country’s first offshore wind project to be granted a preliminary licence, within 12 to 18 months and to have it operational within 36 months. Following the... Continue Reading →
(offshoreWIND.biz) Japan’s Electric Power Development, also known as J-Power, has joined the WHEEL floating offshore wind demonstration project in Spain. The WHEEL demonstration project is led by the Madrid-headquartered company Esteyco. WHEEL will feature one turbine installed three kilometres off the eastern coast of Gran Canaria, Spain. Through this project, J-Power aims to acquire knowledge... Continue Reading →
Brazil Energy Insight 