Combined market losses in offshore wind grew from GBP 124 million (around EUR 145 million) in 2010-2015 to GBP 500 million (around EUR 585 million) by 2020, with the average insurance claim nearly doubling from GBP 1.67 million (around EUR 2 million) to GBP 3.08 million (around EUR 3.6 million) in t
The final section of the second of the three 220 kV export cable systems for the Ostwind 2 project is being laid in the German Baltic Sea, 50Hertz Transmission GmbH said. Around 170 kilometres of export cables have been laid at sea and on land over the past months to connect two offshore wind farms
Ørsted is proposing to build a large-scale offshore wind project in Vietnam which would have an installed capacity well beyond the offshore wind farms currently under construction or in development and would require an investment of over €10 billion. The developer has introduced its plan to a local
Fugro has won two geotechnical site investigation contracts with Energinet for Denmark’s proposed Energy Island project in the North Sea. The company will perform the preliminary geotechnical site investigation for the Energy Island and the adjacent offshore wind farm zone to obtain geo-data, which
Seaway 7 is planning to begin the inter-array cable installation activities at the Seagreen offshore wind project in Scotland around 9 November.
US energy company Dominion Energy has selected the consortium of DEME Group and Prysmian as the Balance of Plant (BoP) contractors for the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project. The BoP contract includes the complete package for the transportation and installation of the foundations a
Aker Offshore Wind and Aker Clean Hydrogen, together with DNV, have used the COP26 conference to unveil a project utilising 10 GW of floating offshore wind capacity to power multiple floating installations which will produce green hydrogen for onwards transmission to a net-zero hydrogen refinery on
South Korean subsea cable manufacturer LS Cable & System and Canadian offshore wind developer Northland Power have signed a Memorandum of Understanding (MOU) on cooperation in the South Korean offshore wind market. LS was recently selected as a preferred supplier of submarine cables for Northland Po
The Dutch Ministry of Economic Affairs and Climate Policy, through the Netherlands Enterprise Agency (RVO), has launched a tender for geophysical investigations in an extended area in the North of the IJmuiden Ver Wind Farm Zone (WFZ), where an additional 2 GW of offshore wind capacity could be acco
The Dutch UXO consultancy NjordIC has been contracted by EnBW to provide UXO services for the He Dreiht offshore wind project in Germany. Under the contract, which will start in the first quarter of 2022 and run until the third quarter of the year, NjordIC will provide a UXO desk study consisting of
Offshore wind spending is nearing that of offshore oil and gas and is anticipated to surpass it in several key markets by 2030, Rystad Energy said, with Europe being the first to count more offshore wind than oil and gas investments, followed by Asia (excluding China) and the US. In Europe, the UK a
TenneT has presented a new technological solution in Germany which can significantly accelerate offshore grid expansion for wind power in the North Sea and accommodate the build-out of 6 GW of offshore wind capacity in Germany three years earlier. The solution includes TenneT’s 2 GW standard for dir
Massive investment announcements and ambitious new developments in the energy and shipping sectors marked this week on Offshore Energy (well, together with our Offshore Energy Exhibition & Conference), as work on the global energy transition is moving forward through numerous new initiatives.
Norwegian floating wind technology developer Odfjell Oceanwind, exploration and production (E&P) company OKEA, and utility company TrønderEnergi have signed a Memorandum of Understanding to jointly evaluate the potential of developing a floating offshore wind farm that will be connected to the Draug
