Aker Solutions’ offshore wind spin-off, Aker Offshore Wind, will initially focus on deep-water fixed-bottom and floating wind projects in four different markets: South Korea, the USA, Scotland, and Norway. ScotWind According to a company presentation, Aker Offshore Wind has entered into an agreement
The European Investment Bank (EIB) has approved a EUR 500 million financing for the Borssele 1 & 2 offshore wind project in the Netherlands. At the beginning of the year, Ørsted applied for a loan with the EIB which will finance the construction and the operation of the 752 MW wind farm. The estimat
Tsubasa Windfarm Design (TWD), Fraunhofer IWES, and Kobe University have started collaborating to provide wind farm design services for projects offshore Japan. Fraunhofer IWES is specialized in offshore layout optimization and has been actively developing its own wake models which take into account
Global offshore wind capacity will surge to over 234 GW by 2030, led by exponential growth in the Asia-Pacific region and continued strong growth in Europe, according to a new report from the Global Wind Energy Council (GWEC). More than 205 GW of new offshore wind capacity will be added globally by
The U.S. economy could see offshore wind investments reaching USD 17 billion by 2025, USD 108 billion by 2030 and USD 166 billion by 2035, supporting 80,000 jobs annually by 2035. This is according to a new study from Wood Mackenzie, which also found that 28 GW of offshore wind areas could be leased
The US-based National Offshore Wind Research and Development Consortium has made available USD 9 million through its Innovation in Offshore Wind Solicitation 1.0 for offshore wind technology research and development projects. The funding is part of the consortium’s long-term strategy for identifying
North East England’s offshore wind cluster, Energi Coast, is starting a project which aims to produce a comprehensive report of the region’s supply chain capabilities in the offshore wind industry. The supply chain mapping project will identify the range of capabilities available throughout North Ea
Dry bulk shipping company Scorpio Bulkers has signed a Letter of Intent to construct a wind turbine installation vessel (WTIV), with options for additional vessels. The initial vessel will be built by South Korea’s Daewoo Shipbuilding and Marine Engineering Inc. for delivery that is scheduled in 202
TenneT will raise its investment in renewable energy connections to EUR 4 to 5 billion per year, the transmission system operator (TSO) said in a press release from 31 July, also reporting a 30% increase in its investment agenda in the first half of 2020. The TSO, operating in Germany and the Nether
Ørsted and its partners have secured funding for the Westküste 100 renewable hydrogen project in Germany. The partners received funding confirmation from the German Federal Ministry of Economic Affairs and Energy as the first large-scale hydrogen project in Germany within the Reallabor (real-world l
Energy consultancy EPI Group has signed a Memorandum of Understanding (MoU) with Offshore Power LLC to collaborate in the U.S. offshore wind sector. Under the agreement, the companies plan to combine resources in business development, marketing and delivering their services to the U.S. market. EPI s
German energy company EnBW’s Renewable Energies segment more than doubled its operating result in the first six months of 2020, mainly due to the Hohe See and Albatros offshore wind farms coming into operation. The company’s renewables segment reported an operating result (adjusted EBITDA) of EUR 42
Mitsubishi Heavy Industries (MHI) and Copenhagen Infrastructure Partners (CIP) have entered into a joint venture to develop offshore wind projects in Hokkaido, Japan. The joint venture is jointly owned by MHI (50%) and CIP (50%), and a team with experts from both owners will be established, the comp
Wind turbine manufacturer Siemens Gamesa posted EUR 466 million net loss in the third quarter of FY 2020, attributed largely to the effects of the COVID-19 pandemic and challenges in the onshore segment. Between April and June, Siemens Gamesa recorded revenues of EUR 2.411 billion, an eight percent
