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…
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.
MHI Vestas Wins Borssele V Innovation Site
The next offshore wind innovation site in the Netherlands will feature two V164-9.5 MW turbines from MHI Vestas, the 5th Dutch offshore wind park for the wind turbine supplier.MHI Vestas Offshore Wind, in signing a firm order with Two Towers Consortium for the Borssele V Offshore Wind Farm, will supply two V164-9.5 MW turbines for the project. The 19 MW project has been designated as an innovation site that will test various innovations in and around the turbines.“We are extremely proud that the Netherlands will be home to our next test project…
MHI Vestas Orders Esvagt SOV
Danish shipping company Esvagt is to provide MHI Vestas with a new service operation vessel for work on Moray East offshore wind farm off the coast of Scotland."Another Esvagt Service Operation Vessel (SOV) for offshore wind farms is on its way to MHI Vestas. The vessel will service the offshore wind farm, the Moray East, in the UK from 2021," the provider of emergency rescue and response vessels said.The partnership between MHI Vestas and Esvagt continues with another new build SOV for delivery at the start of 2021…
MHI Vestas Confirms Scotland Offshore Wind Order
MHI Vestas Offshore Wind will supply 100 turbines for the 950-megawatt (MW) Moray East offshore wind farm in waters off the northeast coast of Scotland.Under the contract, MHI Vestas will deliver one hundred of its V164-9.5 MW offshore wind turbines for the project in the Moray Firth. The order includes a 15-year service agreement, MHI Vestas said. This is the company’s largest ever MW project.Moray Offshore Windfarm (East) Limited, known as Moray East, is a 950 MW offshore wind project 22km from the coast of Scotland…
MHI Vestas Hires US Offshore Vet
MHI Vestas Offshore Wind (MVOW), a joint venture of Mitsubishi Heavy Industries and Vestas Wind Systems, has announced the appointment of Jason Folsom, the US offshore wind veteran.Folsom, a respected offshore wind expert with extensive new market entry experience and a passion for offshore wind in the United States, becomes the company’s first official hire in the US market.On joining MHI Vestas, Folsom said, “I have been watching with great interest how MHI Vestas has approached the US market. I feel the company has been very strategic in their approach to the market.
Fred. Olsen Windcarrier Installs 400th Wind Turbine
Denmark-based offshore wind farms service provider Fred. Olsen Windcarrier has marked a milestone in offshore wind turbine installation as it installed the 400th unit.The turbine has been installed at Vattenfall’s Horns Rev 3 offshore wind farm in Denmark using the jack-up vessel Brave Tern.Horns Rev 3 will consist of a total of 49 V164-8.3 MW turbines from MHI Vestas Offshore Wind and will supply power to 425.000 Danish households once finished.Recently Bold Tern finished the…
MHI Vestas Signs Tower Contract, Expands in Taiwan
MHI Vestas Offshore Wind, a joint venture of Mitsubishi Heavy Industries and Vestas Wind Systems, signed a conditional contract with CS Wind/Chin Fong the local manufacture of towers, as wind industry veteran takes the reins at newly formed entity in Taipei.MHI Vestas is firming up its localisation plans in Taiwan as the company held a signing ceremony today for the manufacture of wind turbine towers in Taichung Harbour.“Our activities this week underscore our strong commitment to the Taiwan offshore wind market and the buildup of a local supply chain…
Orsted Contracts EEW OSB to Supply Offshore Wind Components
EEW OSB, a Teesside facility that manufactures transition pieces (TPs) used in offshore wind farms, is entering the international market thanks to multiple contracts with Ørsted, the global offshore wind company.The multi-million pound contract announced by Ørsted today is for 35 TPs for Dutch offshore wind farm, Borssele 1 + 2, and represents EEW OSB’s first ever export order. It also safeguards the 180 jobs at the facility and guarantees high utilisation for the first half of 2019.Sascha Hofmeister…
MHI Vestas to Provide Turbines for EDF Renewables New Jersey Offshore
EDF Renewables North America has selected MHI Vestas Offshore Wind as the preferred supplier for the Nautilus Offshore Wind project off the coast of Atlantic City, New Jersey.The pioneering offshore wind project, the first in New Jersey, has plans to feature three V164-8.3 MW turbines from MHI Vestas, taking the company’s V164 platform to the US offshore wind market for the first time.Nautilus Offshore Wind’s installation timetable is ahead of other US projects with plans to be…
Offshore Vessel Participates In Anti-terrorism Drill
An offshore supply vessel left its work at an offshore wind farm to play the role of hijacked vessel in a Belgian anti-terror exercise last week.The vessel Esvagt Mercator took a brief break from its operations in the Belgian Nobelwind and Belwind wind farms to assist the Belgian anti-terror corps in the security drill last Wednesday.During the exercise, Esvagt Mercator was “hijacked” by soldiers on board outside the port of Ostend, after which units from the Belgian anti-terror corps boarded the vessel…
ABB Offshore Wind Transformers for Borssele
ABB has won an order of more than $20 million from MHI Vestas Offshore Wind to supply reliable, energy-efficient and compact WindSTAR transformers, which are designed for installation in wind turbines.Borssele III and IV comprise the second phase of the Borssele wind farm. This phase constitutes a 731 megawatt (MW) wind project in the North Sea, 22 kilometers off the coast of The Netherlands and will be capable of providing enough clean energy to power more than 800,000 households."High…
ESVAGT Orders Two SOVs from Havyard
Danish shipowner ESVAGT and offshore wind farm developer MHI Vestas have sealed long-term contracts for the delivery of two new service operation vessels (SOVs) for separate wind farms off the Netherlands and the U.K.The wind farm service vessels will work the fields Borssele 3-4, located 22 km off the coast of Zeeland in the Netherlands, and Triton Knoll, which is 33 km off the coast of Lincolnshire in England, which together will produce 1,600 MW green energy from 2021. An option for an additional SOV for servicing the farm Moray East off the U.K. is also included.
World’s Largest Offshore Wind Farm Opens
The world's largest offshore wind farm will open on Thursday off the northwest coast of England when Danish energy group Orsted unveils the Walney Extension project.The wind farm has a capacity of 659 megawatts (MW), enough to power almost 600,000 homes, and overtakes the London Array off England's east coast which has a capacity of 630 MW.Walney Extension is made up of 87 turbines built by Siemens Gamesa and MHI Vestas, and covers 145 square kilometers (55 square miles), which is equivalent to around 20,000 football pitches.The 40 eight-megawatt MHI Vestas turbines being used stand 195 meters
Maersk Signs on to Help Clean up Ocean Plastic
Offshore services provider Maersk Supply Service has signed onto a project that aims to collect tons of plastic waste littering the world's oceans.In the comping months, the Denmark based firm will provide marine support to the Dutch nonprofit The Ocean Cleanup, which will install its first cleanup system in the North Pacific as part of the planet’s first large-scale initiative for collection of floating ocean-plastic debris.Global plastic production has risen steadily since the 1950s. It is estimated that more than 5 trillion pieces of plastic waste now litter all major ocean basins.
DOF Bags Subsea Contracts
DOF Subsea has been awarded several contracts securing utilisation of personnel and vessels in the Subsea IMR Projects segment. DOF Subsea has been awarded a contract in the Atlantic region by MHI Vestas Offshore Wind for the Skandi Constructor. The contract will commence at the end of Q3 and secures utilisation until the end of 2018. The Asia Pacific region has been awarded several contracts securing ROV and diving work for Skandi Singapore through Q4 2018 for several clients in the Asia Pacific region.A month ago…
Vestas, Maersk Tackle wind turbine Transport, Installation Costs
Project has secured $7.3 mln in public funding; sector races to build ever bigger turbines. Danish wind turbine maker Vestas and offshore services firm Maersk Supply Service are teaming up to tackle the cost of transporting and installing ever larger wind turbines. Seeking to remain profitable as European countries phase out subsidies, the industry is turning to ever bigger turbines to harness power more efficiently and respond to pricing pressure for new equipment around the globe. Vestas and fellow Danish company Maersk Supply Service, part of A.P.
Taiwan: The Next Battleground for Offshore Wind
Taiwan is becoming the next battleground for the world's top offshore wind developers as they seek a foothold in Asia for a technology that has been expanding fast in Europe.Taiwan announced results on Monday of its first major offshore wind farm auction that aims to add 3.8 gigawatts (GW) of capacity to its existing network of just 8 megawatts (MW).The island's offshore wind market is expected to expand to 5.5 GW by 2025, and the government aims to invest $23 billion on onshore and offshore wind projects by 2025…
GE to Trial World’s Largest Wind Turbine in UK
U.S. conglomerate General Electric will test the world's largest wind turbine in a facility in northeast England, it said on Tuesday. GE Renewable Energy, the renewable arm of the U.S. firm, and the British government-funded Offshore Renewable Energy Catapult signed a five-year agreement to test GE's Haliade-X 12 megawatt (MW) turbine in Blyth, Northumberland. "This is an important agreement because it will enable us to prove Haliade-X in a faster way by putting it under controlled and extreme conditions," John Lavelle, president & CEO of GE's Offshore Wind business said in a statement.
DNV GL Appoints Peter Brun as New Global Offshore Wind Segment Leader
DNV GL, the world’s largest independent energy advisory and certification body, has appointed wind energy professional Peter Brun as Global Offshore Wind Segment Leader. Brun is responsible for stakeholder management, alliance building and promoting offshore wind development throughout the world. Brun brings more than 26 years of experience in the wind energy industry and international diplomacy. His rich and varied expertise in the wind industry, includes holding dual Vice Chairman roles at EWEA (now WindEurope) and Global Wind Energy Council (GWEC) between 2009 to 2013.
HSH Nordbank to Finance Brotorp Wind Farm
HSH Nordbank will provide the investor BlackRock with a long-term loan amounting to about € 31 million to refinance the Brotorp wind farm in southern Sweden. The farm with 14 Vestas 126 type wind turbines and a total capacity of 46.2 megawatts (MW) has been in operation since December 2015. With US$ 6.29 trillion in assets under management (as of 31/12/2017), BlackRock is the world's largest independent asset manager. HSH Nordbank has previously already completed numerous transactions in the photovoltaics business with this investor.
DNV GL Lends Support to Walney 3 Offshore Wind Project
DNV GL has secured a role as technical advisor to a group of institutional lenders with their investment of the 659MW Walney Extension. Located off the coast of North West England at Barrow-in-Furness, the Walney Extension offshore wind farm will bring a mix of wind turbine types, featuring 40 MHI Vestas V164 and 47 Siemens SWT-7.0-154 turbines. DNV GL conducted a detailed technical due diligence study and full independent energy production assessment, allowing the group of lenders to develop an understanding of the technical characteristics and risk profile.
DNV GL Advised Partners Group on Offshore Wind Project
DNV GL, the world’s largest resource of independent energy experts and certification body, has successfully completed a comprehensive due diligence project on the 730 MW Borssele III/IV construction-ready offshore wind project in the Netherlands. The work was commissioned by Partners Group, the global private markets investment manager, in preparation for its successful bid to acquire a 45% stake in the project on behalf of its clients. The investment will make funds managed and/or advised by Partners Group the largest shareholder in the Borssele III/IV farm.