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

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Sapurakencana Wins 3 Petronas Oil blocks

SapuraKencana Petroleum Berhad today announced that it has entered into Sale and Purchase Agreements to acquire the entire interest of PETRONAS in 3 blocks offshore

7 Rescued from Sinking Freighter Near Haiti

Seven crewmembers were rescued after their 100-foot coastal freighter began taking on water and sank approximately 45 miles north off of Cap Haitien, Haiti, Friday.

Time-out for Kwanza Drilling

Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola.

 
 
Maritime Contracts Maritime Security Offshore Oil Pipelines Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.3322 sec (3 req/sec)