Tag: offshore farms

Europe leads global offshore wind market: GWEC

Europe leads global offshore wind market: GWEC

September 11, 2021 |

Europe retains its status as the largest regional offshore wind market as of the end of 2020, but new installations outside Europe, predominantly in Asia, already surpassed Europe last year for the first time. This situation is likely to remain through to 2030, although annual installations in Europe may pass the milestone of 10 GW in 2026. In the near term (2021-2023), the majority of growth outside Europe will come from Asia – primarily China, Taiwan and Vietnam, with contributions from the US. Japan and South Korea will grow in importance from 2024 onward.

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PGE selects advisor for 2.5 GW offshore wind project in Poland

PGE selects advisor for 2.5 GW offshore wind project in Poland

August 16, 2021 |

PGE Polska Grupa Energetyczna SA, a Polish utility, has chosen Societe Generale SA, a French bank, to act as its adviser in acquiring finance for the development of the 2.5-GW Baltica offshore wind project off the coast of Poland. After submitting a $2.2 million offer, Societe Generale was chosen in a bidding procedure.

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Vietnam’s Future Transition: Offshore Wind Auctions

Vietnam’s Future Transition: Offshore Wind Auctions

August 6, 2021 |

REGlobal provides a brief extract of Global Wind Energy Council’s (GWEC) report titled, “Vietnam’s Future Transition to Offshore Wind Auctions: International best Practices and Lessons Learned”. The article reviews auction in 6 offshore wind markets, Best practices for offshore wind growth in Vietnam, recommendations for policy support and auction design.

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BP enters offshore wind consultancy with Quaybridge

BP enters offshore wind consultancy with Quaybridge

July 23, 2021 |

BP has struck an exclusive consultancy deal with Quaybridge, a UK-based renewables consultancy with experience in offshore wind, as part of its efforts to expand its renewables business. The two will collaborate to advance BP’s worldwide offshore wind portfolio as part of its zero-carbon growth goal.

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Apollo Funds to invest in offshore wind farm in New York

Apollo Funds to invest in offshore wind farm in New York

July 16, 2021 |

Apollo Global Management, Inc. and Arthur Kill Terminal LLC have signed into a deal for the exclusive right to invest in the Arthur Kill Terminal project, a large offshore wind energy staging and assembly facility under construction on Staten Island, New York. Atlantic Offshore Terminals, located in New York, will lead the development of Arthur Kill Terminal.

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Taiwan has fast emerged as a key offshore wind market: SG CIB’s Daniel Mallo

Taiwan has fast emerged as a key offshore wind market: SG CIB’s Daniel Mallo

April 14, 2021 |

In the APAC region, offshore wind will act as an accelerator of the energy transition. Taiwan has fast emerged as a key offshore wind market in the region. Japan is clearly the next upcoming market. South Korea could be a very big market for floating offshore wind owing to very conducive conditions for this type of offshore wind installations. Vietnam is another potential market owing to tremendous fundamentals.

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Ørsted plans to link 2 GW offshore wind farms to green hydrogen network

Ørsted plans to link 2 GW offshore wind farms to green hydrogen network

April 1, 2021 |

Ørsted has announced plans to develop one of the world’s largest green hydrogen plants, powered by offshore wind, to feed industrial demand in the Netherlands and Belgium. The project, dubbed ‘SeaH2Land’ will be constructed by 2030 and would comprise a 1 GW green hydrogen production facility linked directly to a newly built 2 GW offshore wind farm in the Dutch North Sea.

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TechnipFMC and Magnora to jointly develop floating offshore wind projects

TechnipFMC and Magnora to jointly develop floating offshore wind projects

March 22, 2021 |

TechnipFMC has entered into an agreement with Magnora ASA to jointly pursue floating offshore wind project development opportunities. They have formed a new venture for this called Magnora Offshore Wind. The joint company, Magnora Offshore Wind, is already operational and will bid in the upcoming first offshore wind application round in Norway.

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EDPR and Engie collaborate with Terna Energy for offshore wind development in Greece

EDPR and Engie collaborate with Terna Energy for offshore wind development in Greece

March 3, 2021 |

Ocean Winds, a joint venture of EDP Renewables and Engie, has signed a collaboration agreement with Terna Energy for development of offshore wind projects in Greece. As part of the agreement, the companies will identify the most suitable areas in the Greek seas for co-development of floating offshore capacity. They together plan to develop a pipeline of over 1.5 GW capacity according to their development roadmap for the current decade.

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Eneco and European Energy form a joint venture for Denmark offshore wind tender

Eneco and European Energy form a joint venture for Denmark offshore wind tender

January 18, 2021 |

Dutch energy company Eneco and Danish European Energy have formed a new joint venture called Swan Wind. The two companies had joined forces so as to submit a proposal for the Thor offshore wind farm tender and Danish Energy Agency has recently qualified this joint venture for the said tender. Thor offshore wind farm is one of the two large offshore wind farms to be built in Denmark before 2030.

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Iberdrola enters Polish wind power market

Iberdrola enters Polish wind power market

January 7, 2021 |

Spanish multinational electric utility company, Iberdola has announced the acquisition of a 50 per cent stake in offshore wind company, Sea Wind. The two companies are set to jointly develop a project portfolio of 7.3 GW going forward. The move marks Iberdola’s entry into the Polish market and is expected to drive the company’s expansion.

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Offshore wind projects in the US

Offshore wind projects in the US

December 25, 2020 | ,

According to forecasts, the US offshore wind industry is expected to deliver 25 GW by 2029. Of this, 9 GW has already been contracted or will be soon approved. The state renewable purchase standards contracting call for 34 GW by 2035. Meanwhile the Federal lease program currently supports approximately 20 GW to 30 GW of projects depending on turbine density.

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Norway’s offshore wind industry shows high growth potential

Norway’s offshore wind industry shows high growth potential

December 21, 2020 |

Offshore wind is expected to become increasingly important in the global power market owing to decline in cost combined with technology advancements. Norwegian companies can capture significant shares both in domestic as well as global markets in the development, execution and operations of these offshore wind farms based on experiences in Norway and abroad.

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EDF-Shell joint venture submits bid for offshore wind in New Jersey

EDF-Shell joint venture submits bid for offshore wind in New Jersey

December 14, 2020 |

Atlantic Shores Offshore Wind recently submitted a proposal to the New Jersey Board of Public Utilities for supply of 2,300 MW of offshore wind energy. The company is a 50-50 joint venture between EDF Renewables North America and Shell New Energies US LLC. The state of New Jersey seeks to award between 1,200 MW and 2,400 MW of offshore wind energy capacity as part of its second solicitation.

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France launches tender for 1 GW offshore wind farm

France launches tender for 1 GW offshore wind farm

December 7, 2020 |

The new project and its tender process are part of the French the Multiannual Energy Programme (Programmation pluriannuelle de l’énergie), which entered into force this April. Under the programme, France is putting up to 8.75 GW of offshore wind capacity out to tender from 2020 to 2028.

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World’s first hybrid offshore interconnector inaugurated in Baltic Sea

World’s first hybrid offshore interconnector inaugurated in Baltic Sea

October 21, 2020 |

Electricity system operators 50Hertz (German) and Energinet (Danish) have inaugurated a hybrid offshore interconnector, the Combined Grid Solution (CGS), to integrate both German and Danish offshore wind farms. This is the first such project of its kind worldwide and is being implemented in the Baltic Sea, connecting two offshore wind substations to each other as well their existing onshore connections.

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