Germany strengthens domestic wind energy industry
Germany plans to provide state guarantees for the production of wind energy, it announced on Thursday. This is part of a package that aims to boost Germany's wind industry, amid concerns among European governments and businesses about Chinese firms taking a lead in this sector. Berlin will include guarantees in the KfW program for sustainable transformation, according to the Economy Ministry. Around 16 billion euros (17.34 billion dollars) of guarantees are required for a production ramp up by 2030. These measures will expand the number of companies who must comply with energy cybersecurity regulations.
Inside the Red-Hot Offshore Wind Energy Market
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, are central to the plan…
New JV to Explore Floating Wind Farm Development in South Africa
Swedish floating windfarm developer Hexicon has teamed up with South African wind developer Genesis Eco-Energy Developments to explore the development of offshore wind in the country.For this purpose, two companies have established a joint venture company GenesisHexicon."The purpose is to jointly develop large scale floating wind projects, contribute to the Oceans Economy and clean energy targets for South Africa, and transfer the Hexicon IP for deep water deployment to the South African market," the two companies said in a statement.Henrik Baltscheffsky…
Are OSVs Fit for Refit for Offshore Wind?
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.
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…
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.
Heerema Fabrication Group Sells UK and Netherlands Yards
Dutch offshore construction and engineering company Heerema Fabrication Group (HFG) intends to divest a significant part of its activities in the field of design and fabrication of complex steel constructions for the offshore market.HFG has been struggling for some time with insufficient project volume and marginal profitability. In addition, the risks associated with building topsides are high and clients are not prepared to pay for this risk.As a result of the divestment HFG intends to dispose of its activities at the locations in Zwijndrecht (The Netherlands) and Hartlepool (United Kingdom).
Dellner Brakes Acquires JHS Jungblut
Swedish-based marine and industrial brake supplier Dellner Brakes said it has acquired German brake specialist JHS Jungblut in a move that aims to strengthen the company’s offering in the wind energy market, and also enable further global expansion, particularly in the Far East.The enlarged company will operate under the Dellner Brakes JHS GmbH brand. Kai Kölker has been appointed Vice President for Dellner Brakes JHS GmbH and will be running the company’s wind business division in Dorsten, Beijing and New Delhi.Formed in 2008, JHS manufactures noise-free, lightweight brakes and yaw sliding bearings for wind turbines.
SEA-3250-LT: Innovation in Offshore Wind Installations
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…
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.
Boskalis Strengthens Position in Offshore Wind Market
Royal Boskalis Westminster N.V. (Boskalis) has signed a Letter of Intent (LOI) to acquire offshore activities from VolkerWessels. Under the intended transaction, Boskalis will acquire maritime and offshore wind energy related activities of VolkerWessels, being VBMS, Stemat and VSI (Volker Stevin International). Peter Berdowski, CEO Boskalis, "For many years we have been working closely and constructively together with VolkerWessels both on- and offshore. Over the last couple of years, we jointly increasingly targeted offshore wind opportunities and together acquired and completed projects successfully.
Nordex to Buy Acciona's Wind Power Business
German wind turbine maker Nordex is buying Spanish firm Acciona's wind power business for 785 million euros ($882 million) in cash and shares to create a global player in the wind energy market, it said late on Sunday. "In combining their activities Nordex and Acciona Windpower will create a truly global company and in doing so reduce exposure to demand swings in individual markets," Nordex said in a statement. In early Monday trading, Nordex shares were up 7.4 percent at 26.8 euros per share while Acciona's were up 9.3 percent at 69.13 euros.
Whirlpool Windmill Produces Power Without Blades
A 1940 clip of the Tacoma Narrows suspension bridge in the United States stretching like chewing gum in a gale captured the imagination of a Spanish engineering student who became obsessed with how he could turn that chaos into power. Twelve years later, David Yanez is part of a team inspired by the motion that collapsed the bridge to create a bladeless wind turbine - an inverted-cone-shaped structure half the cost of a conventional machine. "You could see a structure with no gears or bearings capable of absorbing large quantities of wind energy," David Yanez recalls of the footage of the bridge.
Masdar Buys Stake in British Offshore Wind Project
United Arab Emirates' renewable energy company Masdar has acquired a 35 percent stake in a 1.5 billion pound ($2.5 billion) offshore wind project in eastern England, the company said on Wednesday, expanding its presence in Britain. Masdar bought the 525 million pound stake in the 402 megawatt (MW) project from Norway's Statoil, which will remain the operator and retain a 35 percent share, Masdar said in a statement. The remaining 30 percent is held by Norwegian renewable energy company Statkraft. Construction of the wind farm off the Norfolk coast is scheduled to start in 2016…
Global Wind Energy Growth Slows
Growth in the wind energy market slowed in 2013 for the first time in more than 20 years led by a fall in U.S. projects while investments fell $600 million to $80.3 billion, the annual Global Wind Report said on Wednesday. New capacity of around 35 gigawatts (GW) came on line, down from more than 45 GW added the previous year. The world's installed capacity stood at around 318 GW in late 2013. "The annual global market for wind energy shrank in 2013. We knew that this was likely to be the case... but we didn't expect the drop in the United States to be as dramatic as it was - going from 13 GW in 2012 to just 1 GW in 2013…
Cosalt, APRO Joint Venture in Renewables
Cosalt, provider of safety equipment for the marine, industrial and offshore markets, has signed a new joint venture agreement with Danish company APRO, an engineering services business with many years experience in the wind energy market. The partnership is designed to take advantage of the major growth expected in UK offshore wind energy. Cosalt recently set up a dedicated Renewable Energy division to supply inspection and testing services plus marine safety, lifting equipment, tooling and height safety products to the renewables sector, particularly offshore wind farms.
