The American Clean Power Association (ACP) has projected there will be approximately 14 GW of offshore wind capacity deployed by 2030, falling short of the 30 GW goal set by the Biden Administration in 2021. ACP’s recent report also outlines USD 65 billion (approximately EUR 60 billion) in investmen
The US-headquartered GE Vernova plans to install a prototype of its next-generation 15.5 MW Haliade-X offshore wind turbine in Gulen, Norway, following a NOK 331 million (approximately EUR 29 million) funding approval from Enova, a government-backed agency. The funds from Enova have been secured by
Maersk Supply Service has launched Maersk Offshore Wind, a new company that will provide installation services to the offshore wind market based on a new offshore wind installation vessel (Maersk WIV) concept. The design and concept are estimated to reduce the installation time of offshore wind turb
European wind energy industry organisation, WindEurope, has warned that the negative bidding approach will lead to the bid costs falling onto the supply chain and/or electricity consumers after Germany and the Netherlands closed their latest offshore wind tenders, securing nearly EUR 4 billion in to
Amid the global energy transition, offshore survey and inspection companies are working on decarbonising – but the industry is also going through a transition of its own. Bureau Veritas, Terradepth and Sulmara are among a number of offshore survey companies that are increasingly using autonomous or
Global energy consultancy Xodus has established a new dedicated offshore renewables engineering arm, named Evolv Energies, to strengthen its capabilities in the offshore markets. Evolv Energies has been created to deliver broader engineering services as the development of renewables projects ramp up
According to a recent report from Rystad Energy, continental Europe will see the installation of 137 offshore substations over the coming decade, with an estimated total investment of USD 20 billion (approximately EUR 18.6 billion). According to the report, over 120 substations will be installed bet
Four new challenges, which aim to push the boundaries of innovation in floating offshore wind, have been launched in the NOW Accelerator programme. Presented by industry players Vattenfall and Seagust, Equinor, Deep Wind Offshore and EDF Renewables, and Å Energi and Corio, the four new challenges ar
Danish wind turbine manufacturer Vestas has unveiled its plans to establish a single organisation that will encompass technology, manufacturing, and global procurement to accelerate ramp-up and industrialisation. The company is merging its technology organisation (CTO) and manufacturing and global p
Beatrice Offshore Windfarm Limited (BOWL), the operator of an 85-turbine wind farm off northeast Scotland, has agreed to make a payment of GBP 33.14 million (approximately EUR 39 million) after admitting it breached energy market rules. BOWL, the operator of the 588 MW Beatrice offshore wind farm, a
The Offshore Renewable Energy (ORE) Catapult and the Net Zero Technology Centre (NZTC) have launched the INTOG Innovation Network, focusing on maximising the impact of commercial, pilot scale, innovative, floating wind projects through the Innovation and Targeted Oil and Gas (INTOG) leasing process.
Integrated Wind Solutions (IWS) has entered into a strategic partnership agreement with Sumitomo Corporation for the Japanese company to take a 25.38 per cent stake in IWS’s subsidiary IWS Fleet. IWS Fleet will raise EUR 60 million in equity by issuing new shares to Sumitomo Corporation based on a p
F.lli Righini Srl has successfully completed a major project awarded in 2022 by Heerema Marine Contractors. The scope of work for the Italian supplier included engineering, fabrication, and testing of highly innovative tools: a Monopile Lifting and Upending Tool and a Monopile Tip Lifting Tool. The
The construction of offshore wind farms in South Korea could introduce over 770,000 job opportunities and contribute KRW 87 trillion (approximately EUR 65 billion) worth of investments into the economy, according to two reports from the Global Wind Energy Council (GWEC). GWEC’s new reports reveal th
