Before the end of 2023, the hearing and information process of the regulatory framework for offshore wind will begin, which will lay the foundations for the development of offshore wind in Spain. Spain is prepared to develop offshore wind projects off our coasts. The Canary Islands announces the creation of a Canarian Observatory of Offshore … Continue reading The development of offshore wind energy in Spain is imminent
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Bangladesh approves first offshore wind power project
Bangladesh has recently given the green light for the establishment of its first offshore wind power plant, marking a major milestone in the country’s path towards renewable energy. The government has given its approval in principle to a detailed feasibility study for the project. The initial phase of development of the site is also scheduled … Continue reading Bangladesh approves first offshore wind power project
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The growth of offshore wind energy: challenges and opportunities
The cancellation of two offshore wind projects in New Jersey has created a significant setback for the nascent US offshore wind industry. Danish wind energy developer Ørsted cited issues with supply chains, higher interest rates and a failure to obtain desired tax credits as reasons for scrapping its Ocean Wind I and II projects. These … Continue reading The growth of offshore wind energy: challenges and opportunities
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Innovative floating wind turbine to begin testing off Norwegian coast
A new floating wind turbine design could soon be floating off the coast of Norway. Oslo-based startup World Wide Wind (WWW) has just been given the green light to test its novel wind turbine design at a site in Vats, southwest Norway.“We are very proud to test our first prototype in cooperation with AF Gruppen … Continue reading Innovative floating wind turbine to begin testing off Norwegian coast
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How far offshore are the wind turbines in Virginia Beach?
Virginia Beach, a vibrant coastal city known for its beautiful beaches and thriving tourism industry, is now making waves in the renewable energy sector. Offshore wind farms have become a significant part of the city’s efforts to transition to clean and sustainable energy sources. But just how far offshore are these wind turbines located? The … Continue reading How far offshore are the wind turbines in Virginia Beach?
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What is the largest offshore wind farm in the US?
In a significant step towards renewable energy, the United States is making strides in the development of offshore wind farms. Offshore wind farms harness the power of wind to generate electricity, and they have the potential to provide clean and sustainable energy for thousands of households. One of the most notable offshore wind farms in … Continue reading What is the largest offshore wind farm in the US?
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Who are the largest offshore wind manufacturers?
Offshore wind energy has emerged as a key player in the global transition towards renewable sources of power. As countries strive to reduce their carbon footprint and meet their clean energy targets, offshore wind farms have become increasingly popular. These farms consist of multiple wind turbines installed in bodies of water, such as oceans or … Continue reading Who are the largest offshore wind manufacturers?
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Iberdrola joins forces with Masdar in offshore wind energy with the investment of 1.6 billion euros in the Baltic
After obtaining the necessary regulatory approvals, the companies have closed the agreement announced last July to co-invest in the Baltic Eagle offshore wind farm, which has a capacity of 476 MW Iberdrola has closed a strategic agreement with Masdar, a renewable group from the Emirate of Abu Dhabi, to co-invest in the German Baltic Eagle … Continue reading Iberdrola joins forces with Masdar in offshore wind energy with the investment of 1.6 billion euros in the Baltic
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Mainstream Renewable Power’s JV Freja Offshore applies for 2.5 GW offshore wind permit on Sweden’s east coast
Freja Offshore, a 50-50 joint venture between Mainstream Renewable Power (“Mainstream”) and Hexicon, has submitted a planning application for the up-to 2.5 GW Dyning floating offshore wind farm in the Baltic Sea, located in Sweden’s economic zone, approximately 45 kilometers southeast of Oxelösund. Dyning will have the potential to deliver up to 10 TWh of … Continue reading Mainstream Renewable Power’s JV Freja Offshore applies for 2.5 GW offshore wind permit on Sweden’s east coast
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Ørsted ceases development of its US offshore wind projects Ocean Wind 1 and 2, takes final investment decision on Revolution Wind, and recognises DKK 28.4 billion impairments
Following decisions of its Board of Directors, Ørsted will cease development of the Ocean Wind 1 and 2 projects and has taken final investment decision on the Revolution Wind project. The decisions are part of an ongoing review of Ørsted’s US offshore wind portfolio. Impairment updateOn 29 August 2023, Ørsted announced anticipated impairments on its … Continue reading Ørsted ceases development of its US offshore wind projects Ocean Wind 1 and 2, takes final investment decision on Revolution Wind, and recognises DKK 28.4 billion impairments
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Mainstream and Hexicon seeks to build gigawatt-scale floating wind farm off Sweden
Freja Offshore, a joint venture between Aker Horizons-controlled Mainstream Renewable Power and Stockholm-based floating wind developer Hexicon, has submitted plans for another 2.5 GW floating wind power in Swedish waters. The wind farm called Dyning will be able to deliver 10 TWh annually which can supply more than the entire energy need of the regions … Continue reading Mainstream and Hexicon seeks to build gigawatt-scale floating wind farm off Sweden
Continue readingNew Wind Energy Areas in the Gulf of Mexico
The US Bureau of Ocean Energy Management (BOEM) is continuing its efforts to expand wind energy capacity in the Gulf of Mexico. In line with the government’s ambitious target of deploying 30 gigawatts of offshore wind energy by 2030, BOEM is set to auction off four new wind energy areas in the region. The recently … Continue reading New Wind Energy Areas in the Gulf of Mexico
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China’s installed solar and wind power capacity saw robust growth this year
China’s installed solar and wind power capacity saw robust growth this year amid the country’s green development push, according to the National Energy Administration, Azernews reports, citing Xinhua. At the end of September, the country’s installed solar power capacity was approximately 520 million kilowatts, up 45.3 percent year on year, and its installed wind power … Continue reading China’s installed solar and wind power capacity saw robust growth this year
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How reversible are the recent setbacks of the offshore wind sector?
Amid a challenging year for the offshore wind sector, recent setbacks have increased costs but are now also starting to spur vital policy changes. The industry is now in a position to reverse setbacks and advance toward ambitious goals, encouraging greater investments in renewables and job growth over the next decade Søren Lassen Head of … Continue reading How reversible are the recent setbacks of the offshore wind sector?
Continue readingCIP and Avangrid Announce Largest Single Asset Tax Equity Financing and First Large-Scale Offshore Transaction in the U.S.
Copenhagen Infrastructure Partners (CIP), a global leader in green energy investment, and Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, announced today that the Vineyard Wind 1 project closed a first-of-its-kind tax equity package for commercial-scale offshore wind with three US-based banks. The $1.2 billion dollar investment transaction … Continue reading CIP and Avangrid Announce Largest Single Asset Tax Equity Financing and First Large-Scale Offshore Transaction in the U.S.
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Statkraft strengthens its position in Sweden through wind power acquisitions
Statkraft has acquired two companies in onshore and offshore wind power: Njordr Offshore Wind AB, which develops offshore wind power and Svevind Nordic AB, a development company in onshore wind power. With the purchase, Statkraft underlines its ambitions to continue the Swedish growth journey in renewable energy and contribute to the energy transition. Svevind Nordic … Continue reading Statkraft strengthens its position in Sweden through wind power acquisitions
Continue readingNew ACP Report Shows Climate Change and Natural Forces Have Impact on Ocean Currents and Whale Habitats
Findings consistent with recent National Academies of Science analysis that shows insufficient evidence exists to connect offshore wind to effects on whale prey A new report commissioned by the American Clean Power Association (ACP) confirms what other scientific bodies have underscored: Climate change is having a far greater impact on the ocean and whale habitats … Continue reading New ACP Report Shows Climate Change and Natural Forces Have Impact on Ocean Currents and Whale Habitats
Continue readingCopenhagen Infrastructure Partners announces large-scale project award for next wave of offshore wind energy in New York
1.3 GW project will deliver billions in economic benefits, create thousands of jobs, and provide clean and affordable energy for more than 700,000 homes. Copenhagen Infrastructure Partners, through its development platform Vineyard Offshore, was today awarded 1.3 gigawatts (GWs) in the latest solicitation for offshore wind power held by the New York State Energy Research … Continue reading Copenhagen Infrastructure Partners announces large-scale project award for next wave of offshore wind energy in New York
Continue readingACP Statement on New York Announcing 25 New Clean Energy Projects
The American Clean Power Association (ACP) released the following statement from Josh Kaplowitz, Vice President for Offshore Wind, after New York Governor Kathy Hochul announced the solicitation awards for three offshore wind and 22 land-based renewable energy projects totaling 6.4 gigawatts (GW) of clean energy: “The projects announced today represent $20 billion in new investments … Continue reading ACP Statement on New York Announcing 25 New Clean Energy Projects
Continue readingOffshore wind energy at a pivotal moment
There is a great Philip Larkin poem, Wires, about the experience of young steers that believe the open spaces of the prairie are limitless, until they bump up against an electric fence and realise for the first time the constraints on their freedom. New industries suffer a similar experience when they hit their first downturn. … Continue reading Offshore wind energy at a pivotal moment
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