The global offshore wind supply chain will require USD 27 billion of secured investment by 2026 if it is to meet a fivefold growth in annual installations (excluding China) by 2030, according to the global research and consultancy group Wood Mackenzie. The figure is based on Wood Mackenzie’s base ca
International Ocean Group (IOG) has announced that it acquired CWind’s majority shares in CWind Taiwan, making IOG the sole owner of CWind Taiwan. IOG said that this strategic move allows for better integration of CWind Taiwan into IOG’s portfolio, which also includes IOVTEC, Taiwan International Wi
JERA has completed the acquisition of 100 per cent of the shares of Parkwind NV from Belgium’s Virya Energy. The initial agreement between JERA Green, an affiliate of Japan’s JERA, and Virya Energy was signed in March this year. The transaction, which JERA said marks a significant milestone for the
Vattenfall has stopped the development of the Norfolk Boreas offshore wind power project in the UK and will review the way forward for the entire 4.2 GW Norfolk Zone, the Swedish energy company revealed in its interim report. The developer said that the decision to stop the project was made due to ”
The North Irish Sea Array (NISA), one of the four offshore wind projects selected in Ireland’s first offshore wind auction, could end up overlapping with a bird protection area. The Irish offshore consultancy Gavin and Doherty Geosolutions (GDG) voiced concerns about the government letting this happ
Rhode Island Energy, the largest utility in Rhode Island, has decided that it will not be moving forward on a long-term power purchase agreement (PPA) with Ørsted and Eversource for the Revolution Wind 2 offshore wind farm. The utility, formerly known as National Grid Rhode Island, said that higher
Following the results of the latest German offshore wind auction, which went into the so-called negative bidding stage and ended up earning the State billions from the winning developers, WindEurope warned that this would be passed on to consumers and the supply chain, and called on the German gover
Germany’s first dynamic bidding process, covering four offshore wind zones with a combined capacity of 7 GW, has generated EUR 12.6 billion in proceeds, according to the Federal Network Agency. The bidding period for the participation in the tenders for the four areas that were not centrally pre-exa
AFRY and its increasing global presence in Offshore WindIn the past three decades AFRY has actively participated in over 400 wind power projects worldwide, contributing to a total of over 70GW of renewable energy. In this interview, Mariska Jongbloed will engage in a conversation with Peter Plug, He
Subsea7 and EnBW have signed a Memorandum of Understanding to jointly study several offshore wind-powered hydrogen production concepts. Within the framework of a study, the two partners will explore the technical and commercial elements of green offshore hydrogen production, from both pilot and comm
EDF Renewables and Deep Wind Offshore are cooperating with Moreld Ocean Wind for the floating solution at the offshore wind development on Utsira Nord in the Norwegian North Sea. EDF Renewables has been working with Deep Wind Offshore on the first offshore wind projects in Norway since 2021. This wo
The fast-paced development of the offshore wind industry is causing the emergence of new, unforeseen jobs to which ports cannot cater as there is a lack of people and a lack of port capacity, Jesper Bank, Chief Commercial Officer of Port Esbjerg, said during a presentation in Denmark. Although the n
Operating offshore wind capacity in China has reached 31.4 GW and accounts for approximately 10 per cent of the country’s total wind capacity which has doubled from 2017 and now exceeds 310 GW, according to a report from Global Energy Monitor (GEM), a US-based non-profit organisation that tracks fos
Ireland-headquartered Simply Blue Group and Norwegian seaweed farming company, Arctic Seaweed, have signed a memorandum of understanding (MoU) under which they will jointly explore solutions for co-locating seaweed farms and offshore wind farms. Arctic Seaweed has developed a unique farming method t
