The following is a guest post by Westwood Global Energy Group’s Senior Analysts Michelle Gomez, Bahzad Ayoub and Ruth Chen. The offshore wind sector had another record-breaking year in 2021. Some 18.6 GW of capacity was put into operation – the industry’s highest level of annual capacity additions.
Danish wind turbine manufacturer Vestas has been named the most sustainable company in the 18th annual ranking of the world’s most sustainable corporations, published by Corporate Knights. The ranking is based on a detailed assessment of 6,914 companies, each with more than USD 1 billion in revenue,
Ørsted has announced that Matthias Bausenwein will step down from his position as President of the Region Asia-Pacific and Chairman of Ørsted Taiwan on 20 January. Bausenwein will return to Europe for family reasons and take on a new role outside of Ørsted, the company said. The search for a success
Crown Estate Scotland (CES) has selected the Ørsted, Falck Renewables, and BlueFloat Energy consortium to enter into an Option Agreement for a new floating offshore wind site off the north-east coast of Scotland. The award for this floating wind site of up to 1 GW in scale has been made through CES’
Ørsted and Korea Southern Power (KOSPO), Korea’s state-owned utility provider, have signed a memorandum of understanding (MoU) to jointly develop an 800 MW offshore wind project in Ongjin county, Incheon. The 800 MW offshore wind project is part of the 1.6 GW Incheon projects. In addition, the total
German offshore wind farms produced 24 terawatt-hours (TWh) of electricity in 2021, a 10.75 per cent decrease compared to the record-breaking 26.89 TWh of electricity generated in 2020. The wind farms in the North Sea generated around 20.3 TWh of electricity in 2021, the transmission system operator
UK energy company SSE Renewables plans to enter bids into the upcoming tenders for the 1.4 GW Hollandse Kust (west) wind farm zone in the Netherlands which are set to take place in the first half of 2022. The Dutch Government has recently issued revised draft Ministerial Orders which included tender
Private markets firm Partners Group has agreed, on behalf of its clients, to acquire North Star, an operator of specialized vessels that offers emergency response and rescue and essential offshore wind maintenance services, from Basalt Infrastructure Partners. Headquartered in Aberdeen, Scotland, No
French power cable manufacturer Nexans has received an order to deliver approximately 110 kilometres of high voltage subsea export cables for the South Fork offshore wind project in New York. The three-phase 138 kV high voltage alternative current (HVAC) subsea export cables will be integrated with
Van Oord has sold and transferred its 10 per cent stake in the Blauwwind joint venture to the renewable energy asset manager Luxcara In 2016, the Blauwwind consortium was awarded the concession to design, construct, operate and maintain the Borssele III and IV offshore wind farm. The project is comp
EDF Renewables has formed a joint venture partnership with DP Energy to generate up to 1 GW of floating offshore wind energy in the Celtic Sea, with the project likely to span English and Welsh waters. Work including identification of a refined area of search and detailed constraint studies for the
Iberdrola has signed an agreement with Triconti ECC Renewables, the Philippines’ largest independent wind developer, and Stream Invest Holding AG, a Swiss renewable energy group, sealing an option to enter five offshore wind projects with a combined capacity of up to 3.5 GW. All projects have secure
Chemical company INEOS has signed a long-term corporate power purchase agreement (cPPA) with Eneco to source renewable electricity from SeaMade, Belgium’s largest offshore wind farm. The agreement entails the purchase and supply of over 65.5 MW of wind power over the next decade, with delivery set t
DEME has entered into an agreement with Eidesvik to acquire the DP3 offshore installation vessel Viking Neptun, with the transaction expected to be completed in the last few months of this year as the vessel is currently working under a contract with Havfram. According to information on Eidesvik’s c
