The rapid growth of offshore wind has raised questions about the ability of the industry’s “big three” Western wind turbine companies, namely Siemens Gamesa, Vestas and GE Renewable Energy, to keep up with demand. This article examines the current status of these companies and their readiness to meet the needs of offshore wind expansion. As … Continue reading Are the West’s “big three” able to cope with the huge growth in offshore wind power?
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The rise of offshore wind energy in Vietnam
Vietnam is embarking on an ambitious effort to transform its renewable energy landscape. In a groundbreaking move, Prime Minister Pham Minh Chinh has entrusted Petrovietnam, the state-owned energy company, with the task of laying underwater power transmission lines and spearheading the development of offshore wind energy. This signals a paradigm shift in Vietnam’s approach towards … Continue reading The rise of offshore wind energy in Vietnam
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Vestas introduces revolutionary 15 MW offshore wind turbine
Danish wind turbine manufacturer Vestas has achieved a major milestone with the successful certification of its V236-15.0 MW offshore wind turbine. This innovative prototype was installed at the Østerild National Test Center in Denmark in December 2022 and exceeded expectations during its testing phase. With impressive capacities, the V236-15.0 MW turbine reached its nominal power … Continue reading Vestas introduces revolutionary 15 MW offshore wind turbine
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China’s wind, solar and hydropower capacity exceeds 1.4 TW
China has become a global leader in renewable energy with total installed capacity exceeding 1.4 TW, a milestone that shows the country’s commitment to renewable energy. China’s National Energy Administration (NEA) announced last week that renewable energy now accounts for approximately 49.9% of the country’s total electricity generation capacity. According to the NEA, this impressive … Continue reading China’s wind, solar and hydropower capacity exceeds 1.4 TW
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Colombia will hold offshore wind energy auction
Colombia is making significant changes to the terms of its upcoming offshore wind auction to attract a broader group of bidders, according to Energy Minister Andrés Camacho. The revised rules, which will be officially announced at the COP28 climate meeting in Dubai, aim to address concerns raised by companies and industry groups about the initial … Continue reading Colombia will hold offshore wind energy auction
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Masdar Joins Forces with RWE in £11 billion Investment to Co-develop Massive 3GW Offshore Wind Projects in UK
Masdar joins forces with RWE in £11bn investment to co-develop massive 3GW UK offshore wind projects.UAE clean energy powerhouse Masdar will take a 49 per cent stake in RWE’s 3GW Dogger Bank South (DBS) offshore wind projects, as part of an £11bn investment in the energy sector. UK renewable energy.DBS, one of the world’s largest … Continue reading Masdar Joins Forces with RWE in £11 billion Investment to Co-develop Massive 3GW Offshore Wind Projects in UK
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The potential of offshore wind energy in Atlantic Canada
Atlantic Canada has a unique opportunity to harness the power of offshore wind energy and become a leading player in the transition to green energy with wind turbines. According to a recent report from the Public Policy Forum, Atlantic Canada has the potential to develop 15 gigawatts (GW) of offshore wind, which could generate enough … Continue reading The potential of offshore wind energy in Atlantic Canada
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Exploring the potential of offshore wind energy in Ireland
Limerick City Sinn Féin TD Maurice Quinlivan recently addressed the issue of offshore wind in a parliamentary session with Tánaiste Micheál Martin. The MP sought clarification on Ireland’s progress in meeting alternative energy targets. Quinlivan expressed concern about Wind Energy Ireland’s statement, which indicated that Ireland was further away from achieving its 2030 target compared … Continue reading Exploring the potential of offshore wind energy in Ireland
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Ørsted secures 1.6 GW for offshore wind power project off the coast of Incheon, Korea
Ørsted has been granted a 1.6 GW electricity business license (EBL) by the Ministry of Trade, Industry & Energy of Korea for an offshore wind farm located 70 km off the coast of Incheon City. The license grants Ørsted exclusive development rights for its gigawatt-scale Incheon offshore wind project, which is set to become the … Continue reading Ørsted secures 1.6 GW for offshore wind power project off the coast of Incheon, Korea
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OX2 sells stake in next generation Swedish offshore wind energy portfolio to Ingka Investments
OX2 has agreed with Ingka Investments, the investment arm of Ingka Group – the biggest IKEA retailer – to sell a 49 percent stake in next generation Swedish offshore wind projects. The transaction is expected to impact OX2’s operating income positively with approximately 200 MSEK* in 2023. Following the transaction OX2 expects operating income for … Continue reading OX2 sells stake in next generation Swedish offshore wind energy portfolio to Ingka Investments
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RWE commits €55 billion to invest in wind energy
RWE AG has announced plans to significantly expand its investment in wind energy, despite the challenges facing the wider sector, including rising interest rates and inflation. During its recent Capital Markets Day in London, RWE revealed its commitment to invest €55 billion ($60.4 billion) in green technologies by 2030. A substantial part of this investment, … Continue reading RWE commits €55 billion to invest in wind energy
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Flotation Energy and Vårgrønn on Crown Estate Scotland announcement for seven INTOG offshore wind power projects
“Our frontrunner floating offshore wind projects, Green Volt and Cenos, are uniquely positioned to deliver green power and jobs by 2030. Their accelerated timelines are achievable because of the effort we’ve already invested into community engagement, environmental and engineering data collection, and because of our strong relationships with the oil and gas platforms. “The opportunity … Continue reading Flotation Energy and Vårgrønn on Crown Estate Scotland announcement for seven INTOG offshore wind power projects
Continue readingUK seeks 10 GW of offshore wind projects in 2024 auction
The British government could award 10 gigawatts (GW) of offshore wind projects in next year’s renewable energy auction, after it increased the level of subsidy it is willing to pay, the head of Vattenfall’s wind business said on Tuesday. “They expect around 10 gigawatts even though they don’t talk volumes, but 10 gigawatts to pass … Continue reading UK seeks 10 GW of offshore wind projects in 2024 auction
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China leads global renewables race with record-breaking 230 GW installations in 2023
Currently on target to reach a record-breaking 230 gigawatts (GW) of wind and solar installations this year, China leads the global renewables market. This is more than double the number of US and Europe installations combined, according to latest report ‘How China became the global renewables leader’ by Wood Mackenzie. Wind and solar project investment … Continue reading China leads global renewables race with record-breaking 230 GW installations in 2023
Continue readingOctopus Energy buys 12.5% stake in UK offshore wind farm
Octopus Energy has bought a 12.5% stake in the 660 megawatt (MW) Walney Extension offshore wind farm in the Irish Sea from a group of Danish pension funds, it said on Monday. Octopus bought the stake from AIP Management, the investment manager for Danish pension funds PKA and PFA, it said without providing financial details … Continue reading Octopus Energy buys 12.5% stake in UK offshore wind farm
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Iberdrola sets out £12bn investment plan at UK Global Investment Summit
Over the past 15 years Iberdrola, the largest electricity company in Europe and one of the two largest worldwide, has invested close to £30bn in the UK’s electricity grid and renewable generation capacity. Its ScottishPower business was the first UK integrated utility to generate 100% green electricity. At the UK Global Investment Summit in London, hosted … Continue reading Iberdrola sets out £12bn investment plan at UK Global Investment Summit
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Wind energy in the Great Lakes
Offshore wind power projects in the Great Lakes region have faced significant obstacles in their development over the past decade, despite the presence of strong winds that make the area ideal for these types of projects. While the potential for clean, renewable energy generation is evident, local opposition and infrastructure challenges have hampered progress. Opposition … Continue reading Wind energy in the Great Lakes
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Wind energy ports call for stronger political will and support for the offshore sector
Port Esbjerg and the other wind ports of the Offshore Wind Port Alliance are now calling for stronger political commitment and more support for the offshore sector. “If we are to successfully deliver on the ambitious targets for offshore wind, it’s crucial that politicians across Europe recognise and support our efforts to develop additional port … Continue reading Wind energy ports call for stronger political will and support for the offshore sector
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China’s installed renewable energy capacity surges in Jan.-Oct.
China’s installed capacity of clean energy surged in the first 10 months of the year amid the country’s pursuit of green development. By the end of October, the installed capacity of solar power in the country expanded 47 percent year on year to 540 million kilowatts, while that of wind power stood at about 400 … Continue reading China’s installed renewable energy capacity surges in Jan.-Oct.
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Why is offshore wind rising in China when it is struggling in the West?
While the offshore wind industry is struggling with inflation and high interest rates in the West, China’s market is soaring. To learn why, TME recently spoke with Joseph Webster, senior fellow at the Atlantic Council’s Global Energy Center and an expert on China’s offshore wind sector. What are your thoughts on the near term outlook … Continue reading Why is offshore wind rising in China when it is struggling in the West?
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