(Reuters) - Siemens Energy unveiled sweeping changes at its struggling wind division on Wednesday, including job cuts and a new CEO, tightening its grip on a loss-making business as the provider of power equipment emerges from its biggest crisis to date. The announcement, which was flanked by a raised full-year outlook and a fourfold increase... Continue Reading →
Vestas posts surprise Q1 loss as wind turbine deliveries fall
(Reuters) - Vestas (VWS.CO), opens new tab, the world's largest maker of wind turbines, reported on Thursday a surprise adjusted operating loss for the first quarter, hit by lower project deliveries, but stuck to its earnings guidance for the year. It reported an operating loss before special items of 68 million euros ($73 million) against a... Continue Reading →
SOVs – Analyzing Current, Future Demand Drivers – Long read
Contributor: Philip Lewis is Director Research at Intelatus Global Partners (OE) At a high-level, there are three solutions to transferring technicians from shore bases to offshore wind farms for construction and O&M activities: crew transfer vessel (CTV), helicopter, and SOVs/CSOVs. SOVs and CSOVs generally house 60-120 technicians offshore for a few weeks at a time,... Continue Reading →
Decarbonization Offshore O&G: Navigating the Path Forward
By Fernando Tamayo, Emissions Team Lead, Welligence Energy Analytics (OE) In recent years, the oil and gas industry has faced mounting pressure to address its environmental impact. This has led many companies to set decarbonization targets – we are tracking more than 460 targets set by independents, majors, and NOCs across the sector. However, achieving... Continue Reading →
Equinor upbeat about investor interest in US offshore wind farm
(Reuters) - Norway's Equinor (EQNR.OL), opens new tab is confident of finding an investor for its planned Empire Wind 1 offshore wind farm in New York after a new power off-take agreement improved the project's economics, the company said on Thursday. New York State authorities in February awarded the project a new conditional power purchase contract, replacing a previous... Continue Reading →
BW Ideol Presents Standard Floating Wind Foundation for Mass Production
(OE) BW Ideol has unveiled its standardized foundation for floating offshore wind, ready for mass production to accommodate the needs of the growing sector. With over 22 GW already awarded in Scotland, around 8 GW in the USA, and several GW currently being awarded or in the tendering phase elsewhere in the world, floating wind... Continue Reading →
Navigation and Wind Farms: Competing Ocean Uses Raise Existential Questions – Long read
Tom Ewing, Contributor “Wind Turbines: The Bigger, the Better” -USDOE Office of Energy Efficiency & Renewable Energy, August 24, 2023 (OE) Last December the Bureau of Ocean Energy Management (BOEM) published a proposed sale notice regarding new development areas for utility scale wind projects in the central Atlantic Ocean. The notice includes an upfront issue: the... Continue Reading →
ONYX Insight strengthens global footprint with latest multi-year contracts in Europe and Latin America
ONYX Insight has bolstered its global operations across Latin America, Spain and Portugal with several new deals, including two multi-year contracts, to deliver its predictive maintenance technology to wind farms in Spain and Brazil. The company currently monitors more than 1,500 turbines in Brazil, Peru, Chile, Mexico, and Costa Rica, using a combination of its... Continue Reading →
New York Cancels Three Offshore Wind Projects
(offshoreWIND.biz) The New York State Energy Research and Development Authority (NYSERDA) has cancelled three offshore wind projects with a combined capacity of over 4 GW due to ”technical and commercial complexities between provisional awardees and their partners,”. In October 2023, NYSERDA provisionally awarded three offshore wind projects, subject to successful conclusion of contract negotiations. These provisionally... Continue Reading →
Europe’s First Commercial-Scale Floating Offshore Wind Farm Secures All Planning Approvals
(offshoreWIND.biz) Flotation Energy and Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, have obtained the offshore planning approval for the Green Volt floating wind farm offshore Scotland. With onshore consent announced earlier this month, Green Volt has now received all its planning approvals and remains on track to be the first commercial-scale floating offshore... Continue Reading →