New York Offshore Wind Power Auction Set for Big Turnout
Several offshore wind developers will likely bid in New York's fourth offshore wind solicitation by the Thursday deadline, including units of European energy firms Orsted, Equinor and BP.The development of the U.S. offshore wind industry took a major blow last year when companies working in several states said they could no longer complete projects profitably because of rocketing construction costs, higher interest rates and supply chain snags. The problems also hit the wind industry in other countries.The development of the industry is key to meeting both U.S. President Joe Biden and U.S.
Biden’s Offshore Wind Target Slipping Out of Reach as Projects Struggle
President Joe Biden’s goal to deploy 30,000 megawatts of offshore wind along U.S. coastlines this decade to fight climate change may be unattainable due to soaring costs and supply chain delays, according to forecasters and industry insiders.The 2030 target, unveiled shortly after Biden took office, is central to Biden's broader plan to decarbonize the U.S. economy by 2050. It is also crucial to targets of Northeast states hoping wind will help them move away from fossil fuel…
Engie, EDPR, Sumitomo Pact to Build French Offshore Wind Farms
French utility Engie and Spanish partner EDP Renovaveis (EDPR) announced their alliance with the Japanese group Sumitomo Corporation to build the French offshore wind farms of Dieppe-Le Tréport and Yeu-Noirmoutier.As part of the alliance, Sumitomo Corporation acquires a 29.5% equity stake in the French offshore projects (Dieppe Le Tréport and Yeu Noirmoutier) and will bring to the consortium its proven and complementary offshore wind expertise in terms of development, construction and operation.ENGIE remains the reference shareholder with a 31% stake and the leading industrial player of both parks (496 MW each), in partnership with EDPR (29…
GDF Suez Consortium Wins French Offshore Wind Tender
The French government has awarded a 4 billion euro ($5.57 billion) tender to build and run two offshore windfarms to a consortium led by French gas and power group GDF Suez, French Energy Minister Segolene Royal said on Wednesday. The GDF consortium includes Portugal's EDP Renovaveis , France's Neoen Marine and nuclear group Areva . Areva will develop an 8 megawatt (MW) turbine - one of the largest in the world - for the tender. Frederic Lanoe, head of EDPR France and Belgium, told Reuters he expects work on the sites will start in 2019, with the first turbines turning around 2020 and full operation scheduled for 2021. Total cost of the two parks is about 4 billion euros, he said.
