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Offshore Wind Energy Market News

06 Jul 2023

Bernhard Schulte Offshore Orders Two Ulstein CSOVs

©Bernhard Schulte Offshore

Germany-based Bernhard Schulte Offshore has awarded Norway's Ulstein Verft a contract for the design and construction of two Commissioning Service Operation Vessels (CSOVs) of the ULSTEIN SX222 design. The contract includes options for four additional vessels.The vessels, which utilize the TWIN X-STERN design, feature two sterns and main propellers at both fore and aft, which, Bernard Schulte Offshore says, makes them an ideal choice for Dynamic Positioning (DP) operations. "Regardless of whether the vessels are facing towards or away from the weather


03 Dec 2021

3i to Assume Full Control Over Danish Offshore Vessel Owner ESVAGT

Credit: ESVAGT

3i Infrastructure has agreed to acquire AMP Capital's stake in the Danish offshore vessel owner ESVAGT.The deal will result in 3i Infrastructure owning a 100% of the equity in ESVAGT. "This further investment is expected to be £268 million. Completion is subject to certain third  party consents and is expected to take place in the first quarter of 2022," 3i Infrastructure said.Peter Lytzen, CEO of ESVAGT said: "ESVAGT has for a  while been subject to a strategic sales process undertaken by our owners 3i and AMP.

08 Oct 2021

Crowley Opens Rhode Island Office to Support Offshore Wind Ops

Credit: Crowley

Crowley Maritime Corporation on Thursday opened a new Rhode Island office for its New Energy division, to advance the development and operation of offshore wind energy installations.The new office, the opening of which was announced by Crowley and Rhode Island Governor Dan McKee, is located at CIC Providence in the Innovation and Design District.Crowley's plan is to provide landside and marine logistics solutions during all phases of the offshore wind lifecycle to customers throughout the United States.

19 Apr 2021

Inside the Red-Hot Offshore Wind Energy Market

Louis Dreyfus Armateurs owned SOV Wind of Change. Photo courtesy Cemre Shipyard

As the traditional offshore oil and gas markets continue to struggle, the renewable offshore wind market is hot and getting hotter.As the cumulative maritime, offshore, port and logistics marketplace gears up for offshore wind energy on a huge scale, World Energy Reports (WER), in its report “2021 The Year When Offshore Wind Takes Off in the United States,” shows the anticipated growth trajectory. Service Operations Vessels (SOVs), which can commission and/or maintain turbines


16 Mar 2021

Crowley, ESVAGT Partner to Service the US Offshore Wind Industry

(Image: Crowley)

U.S.-based Crowley and Danish shipping company ESVAGT are teaming up to build and operate purpose-built, Jones Act vessels to support the emerging U.S. offshore wind energy market.As the U.S. offshore wind industry continues to gain momentum at pace, a large number of Jones Act compliant vessels will be needed to build, service and eventually decommission America's significant pipeline of to-be-developed offshore wind farms. The joint venture (JV) between Crowley and ESVAGT announced Tuesday brings together two leading maritime solutions providers to help address the current vessel shortage.

20 Oct 2020

OHT's Offshore Wind Vessel to Feature Kongsberg Pile Gripper Guidance System

Credit; Kongsberg

Kongsberg Maritime, under a contract with maritime services and solutions provider MacGregor, will deliver a Pile Gripper Guidance System (PGGS) for OHT's offshore wind foundation installation vessel Alfa Lift.The Alfa Lift will be the world’s largest custom-built offshore wind foundation installation vessel, equipped with a 3,000t main crane. The ship’s 10,000+ m² ‘smart’ deck will carry up to 14 XL monopiles per voyage and will also be fully submersible to a depth of 14.66m.

07 Feb 2020

Are OSVs Fit for Refit for Offshore Wind?

BEFORE: Island Clipper: Island Offshore of Ulsteinvik, Norway, has had success with conversions.  “before” and “after”.  Photos: Island Offshore

While it is generally agreed that the nascent offshore wind energy market in the U.S. will be a newbuild market, there is a repair and conversion possibility for some stacked OSVs.Though estimates on the pace of the offshore wind energy market in the U.S. vary widely, the direction is clear: offshore wind will be a huge marketplace for construction and support vessels to be deployed in U.S. waters over the next decade. The starting point for estimated vessel demand is the raft of projects along the U.S. East Coast, and to a lesser extent, in the Pacific waters, now in the pipeline.

23 Aug 2019

GRS in South Korea Collaboration

German shipping service company Global Renewables Shipbrokers (GRS) has announced the start of a strategic partnership with South Korean wind project development consultancy SerFac.The shipbroker for offshore tonnage in renewable energy said that the aim of the cooperation is to provide project development of offshore wind farm projects in South Korea. As an independent advisor, GRS supports the negotiation of all contracts across all value creation stages of the entire project development.At the subsequent installation and operation stage, GRS, as an internationally operating and independent specialist shipbroker, takes on the chartering of all vessels and crews required as well as the contracting of all further offshore service providers.

10 Jun 2019

Offshore Wind Energy Market to Reach $69.63bn

Global offshore wind energy market to reach USD 69.63 billion by 2025, said a study.Global offshore wind energy market valued approximately USD 18.48 billion in 2016 is forecasted to grow with a healthy growth rate of more than 15.88% over the forecast period 2018-2025, said Brand Essence Market Research report.The major factors speculated to augment the markets are government initiatives to reduce carbon footprint and rising need for renewable energy for power generation. Cost of energy and high capital investment are restraining the growth rate of the market.Growing research & development expenditure and innovative technological advancement


06 Feb 2019

Offshore Wind Energy Market to Grow 20%

Global offshore wind energy market was valued at $2,727 thousand in 2019, and is expected to reach $11,334 thousand by 2025, registering a CAGR of +20% from 2019 to 2025, said a study.The global offshore wind energy market has been set blazing with a number of schemes that have recently began power production, according to Researchnreports. For instance, following the installation of its first 7-MW turbines, Scotland's biggest offshore wind farm has sent power for the first time to the National Grid.The growth of the offshore wind energy market is credited to the cumulative demand for clean energy to reduce carbon releases and the increasing demand for electricity generation with the help of renewable energy resources.

18 Jan 2019

Siemens Gamesa Launches First 10MW Offshore Turbine

Spanish offshore industry player Siemens Gamesa Renewable Energy (SGRE) has unveiled a giant new 10+ MW wind turbine it claims will boost yields by 30 per cent, paving the way for a new generation of super-charged offshore wind farms.The turbine maker said in a press release that the new SG 10.0-193 DD is set to hit the market in 2022.Based on the experience of its previous generations, the newest wind turbine in the SGRE offshore product portfolio builds on proven technology for maximum energy yield at all wind speeds. It offers the same reliability while improving profitability and reducing risk for customers.“The new SG 10.0-193 DD combines experiences and knowledge from five generations of proven direct drive technology in one 10 MW turbine.

15 Jan 2019

Offshore Wind Market Expected to Reach $50 bln by 2023

The global offshore wind energy market is poised to grow over USD 49.74 billion by 2023 at an estimated CAGR of around 11.12% during the period 2017 to 2023.The growth in this sector can be attributed to the increasing demand for clean and reliable energy in order to reduce the global carbon emissions and to maintain ecological balance by generating electricity through renewable resources, said a report by Market Research Future.However, high initiating capital cost of the projects with high maintenance cost and logistics issues, can hinder the offshore wind market. Also, high tidal winds and bad weather conditions making it difficult


30 Oct 2017

DONG Energy Chooses Esvagt Castor for Hornsea One

DONG Energy has chosen Esvagt as partner in establishing the first offshore wind farm to break the 1 gigawatt barrier; the 1,200 mW offshore wind farm, Hornsea 1, off Grimsby in the UK sector of the North Sea. The 'Esvagt Castor’ will work as standby vessel and man overboard rescue vessel during the building of the offshore wind farm, which currently consists of a meteorological mast and half a dozen buoys and which, in 2020, will supply CO2 neutral power to around 850,000 homes. “Activity levels in the offshore wind farm are expected to be high in the years to come while the wind farm is being established. We were chosen because of our ability to launch FRBs and rescue people in all weather conditions.

19 Oct 2017

SEA-3250-LT: Innovation in Offshore Wind Installations

The SEA-3250-LT is a dedicated low CAPEX wind turbine installation solution for the emerging U.S. offshore wind market. (Image: GustoMSC)

GustoMSC is targeting the burgeoning U.S. offshore wind energy market with an innovative jack-up design that it claims will help to reduce risk and increase efficiency when installing units offshore: the SEA-3250-LT installation jack-up. Designed to be a safe, stable and solid platform to lift these heavy, delicate components to heights of more than 426 ft (130 m) in an area where technicians are performing assembly tasks at the same time. GustoMSC plays a pioneering role in the offshore wind installation market


01 Aug 2017

European Oil Majors Enter U.S. Offshore Wind Markets

Statoil, Shell, DONG Energy turn to U.S. offshore wind; oil firms bring big budgets, offshore tech and risk experience. Some European oil majors have made inroads into the emerging U.S. offshore wind energy market, aiming to leverage their experience of deepwater development and the crowded offshore wind arena at home. Late entrants to the offshore wind game in Europe, which began with a project off Denmark 25 years ago and is now approaching maturity, they are looking across the Atlantic at what they view as a huge and potentially lucrative new market. Norway's Statoil has won a licence to develop a wind farm of the New York coast, is marketing its new floating turbine to California and Hawaii and is retraining some oil and gas staff to work in its wind division.

13 Nov 2016

Boskalis Profits Zoom as Expected

Royal Boskalis Westminster N.V. (Boskalis) closed the third quarter of 2016 in line with expectations. Both revenue and operating profit were higher than the average seen in the first two quarters of the year. The increase was wholly attributable to the contribution from the offshore activities acquired from VolkerWessels, which are consolidated with effect from the third quarter. Adjusted for these activities there was a slight decline in revenue and operating profit compared to the average seen in the first two quarters of the year. Adjusted for acquisitions there was a substantial decline in revenue and operating profit compared to the third quarter of last year, in line with expectations.

17 Jul 2015

Bugsier's First Order with Damen

BugsierReedereican look back on a history that spans over a century. The company, with the largest tug fleet under German flag,will celebrate their 150th anniversary in 2016, and will also mark the delivery of the newly purchased Damen ASD 2411. The tug, to be delivered from Damen Shipyards Sharjah, will be named Bugsier 22 and serve as a harbour tug in German ports. With a strong tug fleet, Bugsier has been catering to the offshore oil and gas industry for decades as well as the thriving offshore wind energy market. “We operate tugs, which are commonly known to work in both ports and offshore – consequently we enjoy a high degree of utilisation.

30 Jul 2012

Europe & China Offshore Wind Power Report Available

A new report looks at opportunities in the developing Sino-European offshore wind energy market. Offshore wind is the means of a reliable, intensive and abundant renewable energy. This relatively new source of electricity generation, which is capable to meet much of the populated coastal areas need for power around the world, has been also stimulating the development of marine economies with thousands of new jobs. Recently, offshore wind power has been widely viewed as a feasible way to transform economies from oil reliance to sustainable growth not only to meet government obligations in cutting emissions, but to provide the fundament for a new economic sector.

29 Jul 2010

Offshore: Winds of change or a storm to weather?

Jeffrey S. Pyle is the President of Seaway Navigation and Tours. He holds an electrical engineering degree and has worked on numerous U.S. Navy engineering projects including the Seawolf and LCS programs. He is an active Master of Near Coastal vessels with more the 15 years of experience across the Great Lakes and Atlantic seaboard. Contact Pyle at jeff@seawaynavigationandtours.com.

From the July 2010 edition of MarineNews. With all the activity in the offshore and inland markets these days there is a ray of hope for operators who are willing to adapt to the changes that are coming. As mariners, we are good at adapting, unfortunately, we’ll be dealing with conflicting governance of state and federal laws and the uncertainty of subchapter status for new vessel types to be designed, constructed and operated in support of the emerging offshore wind energy market.

25 Feb 2010

Call for Offshore Wind Support Ships

The Community of European Shipyards’ Association (CESA) and the European Wind Energy Association (EWEA) are calling on the European Commission and the European Investment Bank (EIB) to support the building of new ships to serve the expanding offshore wind energy market over the coming years. CESA and EWEA urge the European Commission to develop programs and funding mechanisms, and for the European Investment Bank to take the necessary measures to support the risk related to the necessary significant investments, to ensure that a sufficient number of installation vessels are available to the offshore wind industry. They also argue that the offshore wind power industry should be identified as a key industry in the EU’s 2020 strategy for smart, green growth.

16 Aug 2007

Aker Kvaerner to Deliver Substructures for Offshore Wind Turbines

The German Multibrid Entwicklungsgesellschaft mbH has awarded Aker Kvaerner a contract for the procurement and construction of thirteen steel-tripod substructures and piles for Multibrids M5000 offshore windmills. Six of these shall be installed 45 km off the coast of Germany at the German Offshore Testfield "Alpha Ventus", while the other seven shall be installed 6 km off the Normandy coast of France at the project "Côte d'Albâtre". Aker Kvaerner Verdal has been pursuing the potential of offshore wind as a new market opportunity for the last two to three years. "The contract with Multibrid represents a breakthrough for Aker Kvaerner Verdal", says Bjørnar Skjevik, president of the fabrication yard.

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