Equinor ASA has completed the sale of a 50 per cent stake in two major lease areas off the US East Coast to BP. This includes the development of two offshore wind projects with a cumulative capacity of 4.4 GW. The sale and partnership were announced earlier in September 2020.
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LOC China, a subsidiary of the AqualisBraemar LOC Group has been awarded a contract to provide marine warranty survey services for the Xuwen offshore wind farm. The services will include transportation, installation and construction operations.
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Statkraft has signed a cooperation agreement with Aker Offshore and Aker Horizons to explore the possibility of developing, operating and delivering energy from offshore wind projects in Norway. The said cooperation plans to explore the possibility of setting up a bottom-fixed offshore wind project at Sørlige Nordsjø II (“SN2”).
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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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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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Clean Energy Pipeline recently published a report “Europe: Offshore Wind Outlook 2020” which profiles the leading offshore wind markets in Europe – the United Kingdom, Germany, France, the Netherlands, Belgium, Denmark, Ireland and Poland – with a focus on the key recent developments, project pipeline and future outlook.
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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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Ørsted has announced that it has fully commissioned the Borssele 1 and 2 wind farms in the Dutch North Sea. The project is located 22 km off the coast of the Zeeland province and has a total capacity of 752 MW. The wind farm houses 94 wind turbines of 8 MW each which have been supplied by Siemens Gamesa.
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SSE Renewables and Equinor have announced the completion of a finance deal which will see the two parties invest $8 billion in the construction of the first two phases of the Dogger Bank offshore wind. Each phase will have a capacity of 1.2 GW each and will be constructed off the northeast coast of England.
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Ørsted has announced its intentions to develop a total of 1.6 GW of offshore wind energy projects off the coast of Incheon City, South Korea. The announcement was made in a meeting with National Assembly members, political figures, and key industry leaders of the country.
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