Venterra secures £30m bond facility for international growth
Offshore wind services business Venterra Group has secured a £30 million bond facility from HSBC, backed by the UK government’s export credit agency UK Export Finance (UKEF).
Asia
Equinor to downsize renewables unit, begins talks with unions
Equinor ASA will downsize its renewables unit and is beginning discussions with unions regarding employees at the division.
UK investment needed in Asia’s offshore wind supply chain
The Global Wind Energy Council (GWEC) has identified opportunities for experienced UK offshore wind companies to invest in the rapidly expanding Asia-Pacific markets.
Sulmara gathers data for Taiwanese offshore wind farm
Glasgow-headquartered subsea survey group Sulmara has delivered site characterisation data for the 495MW Formosa-4 offshore wind farm in Taiwan.
Siemens Energy eyes biggest wind turbine to rival China
Siemens Energy AG (DE:ENR) has told customers it plans to produce its biggest wind turbine, potentially toward the end of the decade, as the company seeks to maintain its lead in one of the fastest-growing energy sectors.
Mingyang eyeing international markets for offshore wind expansion
Chinese turbine manufacturer Mingyang Smart Energy (LON:MYSE) has said that the company is actively exploring international markets despite a fall in its overseas revenue.
EU ramps up pressure on China’s green tech with wind probe
The European Union ramped up pressure on Chinese clean-tech investments potentially squeezing out its local suppliers amid EU efforts to transform the bloc into a green economy.
Macquarie unit Corio Generation is leading $50bn investment in offshore wind
Macquarie Asset Management (ASX:MQG) is making a $50 billion bet on offshore wind after sidestepping a perfect storm of low power prices and cost inflation that forced many competitors to walk away.
China’s wind turbine makers extend dominance as Vestas, GE slip
China’s wind turbine manufacturers dominated global supply last year, riding the nation’s renewables installation boom as a contraction in the US and meager growth in Europe dented overseas competitors.
Taiwanese company makes recyclable wind turbine blades to solve waste issue
Growing up in a poor village in the mountains of central Taiwan, Robert Tsai would have to walk more than two hours to bring buckets of clean drinking water back to their family home.
Aberdeen’s OEG revenues up 35% after year of renewables-focused acquisitions
OEG achieves "milestone" goal of even split in revenues between renewables and offshore oil and gas
Sapura share price slides as Taiwan offshore wind fight escalates
In February 2022, it said it was terminating the contract. Sapura complained that it had been misled about the state of the soil at the Yunlin offshore wind farm site.
Bigger and always better? For wind turbines, Europe is saying no
“There’s a twofold question for wind turbines of a larger nameplate capacity. Can they be installed? And what is a long-term sustainable market?”
Aberdeen’s OEG Renewables lands Taiwan offshore wind contracts
OEG Renewables is continuing its expansion into the Asia-Pacific renewables markets, with further opportunities beckoning in Japan and South Korea
Taiwan offshore wind developer in talks over potential acquisition deals
Synera Renewable Energy Group, a Taiwan-based offshore wind developer, is in talks over potential deals across Asia as it seeks to diversify beyond its home market.
Continuum looks to recycle wind turbine blades into composite materials
Danish start-up Continuum has developed a world-first method of recycling wind turbine blades into composite building materials, and the company could potentially base its first factory in Scotland.
Cairn Risk signs MoU to support Japan’s offshore wind sector
Scotland’s Cairn Risk Consulting and Horizon Ocean Management have signed a Memorandum of Understanding (MOU) to assess risks in the Japanese offshore wind market.
UKEF comes through with financing guarantee offshore Taiwan
A Mitsui official, Ryo Zushiden, said the Hai Long project was one of the company’s “most important investments in the renewable energy sector”.
Goldwind profits plunged even as wind power surges in China
Xinjiang Goldwind Science & Technology Co., the largest wind-turbine maker, said profit plunged as a price war continues to offset some of the benefits of China’s surge in clean energy investment.
EU aims to boost its wind industry to counter China’s clean tech ambitions
The European Union launched a wind power package on Tuesday to counter the growing influence of China and spur its own industry, as the bloc focuses more firmly on China as the biggest threat to its clean-tech industry.
Singapore to overhaul gas procurement, support low carbon power
“This is a fundamental shift in our approach towards gas procurement, but we believe that this is necessary to create a more stable and secure power system that will ultimately benefit the consumers and also the gencos themselves,” he explained.
Mammoet JV to support Ørsted wind projects off Taiwan
Ørsted has picked a local venture of heavy lift specialist Mammoet to support development of its major Greater Changhua wind projects off Taiwan.
DEME’s new Green Jade involved in Taiwan collision
DEME will use the vessel, via a joint venture with shipbuilder CSBC, to install wind farms offshore Taiwan. Construction of the Green Jade was a first for Taiwan.
European knowhow critical for Asia as offshore wind energy ramps up
A pragmatic approach based on alliances with established European contractors is the best way to learn quickly.
Several offshore wind FIDs planned for 2023 ‘look more at risk’
Orsted's £8bn Hornsea Three wind farm is a prime example, and a number of others globally have been "re-shuffled and refocused."