Offshore Wind Power: Good Growth in EU in 1H '11

Thursday, July 28, 2011
(Source: European Wind Energy Association (EWEA) )

The European Wind Energy Association (EWEA) has published offshore wind energy statistics for the first half year of 2011, showing a comfortable 4.5% increase in installations of offshore capacity compared to the first half of 2010.
101 new offshore wind turbines, with a total capacity of 348 Megawatt (MW), were connected to the power grids in the UK, Germany and Norway during the first six months of 2011.
In Europe, eleven offshore wind farms worth some 8.5 billion Euros and with a total capacity of 2,844 MW are currently under construction in European waters. The size of the installed offshore wind turbines averaged 3.4 MW - up from an average of 2.9 MW during the first half of 2010.
"While I see several positive trends for the European offshore wind power industry, we are not home and dry yet. The sector is coming out of the financial crisis but is still facing a potential worsening of the general economic crisis. The number of banks providing capital for offshore wind farm investments is steadily growing, although there is a continued need for attracting an increasing number of large institutional investors to offshore wind farms  - presently the largest construction projects going on in Europe,"  said Christian Kjaer, chief executive officer of EWEA.
Several wind farms in Germany and the UK will reach financial close in 2011 and financial institutions will this year provide a record amount of financing to the sector - over 3 billion Euros. Between three and five transactions are expected to close during the course of the year. Equity financing, including divestment of stakes in existing projects to initiate new ones, highlights new approaches to financing among developers and power companies following the financial crisis.
As of 30 June 2011, there are 1,247 offshore wind turbines fully grid connected with a total capacity of 3,294 MW in 49 wind farms spread between nine European countries.

Summary of work at offshore wind farms between 1 January 2011 and 30 June 2011.
 Belgium  UK  Germany  Norway  Total
Nr. of farms  1  7  2  1  11
Nr of foundations installed  4  108  16  1  129
Nr of turbines installed  0  101  6  1  108
Nr of turbines connected  0  68  32  1  101
MW fully connected to the grid  0  244.8  103.3  0.015  348.1
Total MW of projects (once completed)  148  2238  448.3  10  2844.3


Offshore

Esvagt Makes Vestdavit MissionEase First Choice for Mission Bay

Norway-based boat system and davit-handling specialist Vestdavit has secured a breakthrough order for its unique MissionEase multi-boat handling solution for mission bays,

DNV GL Backs John Laing on First Offshore Wind Investment

DNV GL successfully completed its due diligence work of the offshore wind farm “Nordergründe” in the North Sea, reviewing and quantifying the technical risks of the project.

GoM Operators Evacuating Ahead of Storm

Offshore oil and gas operators in the Gulf of Mexico are evacuating platforms and rigs in the path of Tropical Depression No. 9.   The Bureau of Safety and Environmental

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0721 sec (14 req/sec)