Cable failure top cause of offshore wind insurance claims, warns Allianz
Cable failure is costing millions per case, while larger turbines mean larger risks for insurers.
offshore wind
Minister responds to fishers’ anguish over North Sea wind farms
Scotland Office Minister John Lamont has pledged to make sure a “spacial squeeze” in the North Sea is “effectively” managed amid fishing industry concerns over offshore wind farms.
Highlands cable factory: Sumitomo won’t build without £24.5m government grant
Lack of government grant would put £350m cable factory from Sumitomo in doubt, says report.
Norway to assess opening three new offshore wind zones for tender in 2025
The Norwegian government has announced plans to assess the opening of three new offshore wind areas which could be available for tender from 2025.
‘The outcome the sector needed?’: CfD wind auction flop could spark action, says Wood Mac
Why did the auction flop? And what needs to change?
‘Crisis of confidence’: Industry reacts to offshore wind CfD auction flop
A lack of offshore wind bids for the AR5 CfD auction would be the "biggest failure" in UK green energy since 2015, industry figures have said.
Wind turbine installation vessel ‘bottleneck’ looming large as smaller crafts become ‘obsolete’
Plans to develop swathes of offshore wind turbines across the globe could be hampered as companies compete for limited resources.
Energy transition juggernaut surely now unstoppable as investment surges
On August 25, the United Nations General Assembly (UNGA) adopted a resolution proclaiming that January 26, 2024 will be dubbed the International Day of Clean Energy.
Maersk Supply Service to axe 130 UK jobs amid restructuring
According to the company website, Maersk Supply Service's sole UK office is in Aberdeen.
Montrose Port: Record number of vessels due to offshore wind boost
“We have not only surpassed our forecasts but also solidified our position as a key player in the offshore wind sector."
‘Unrealistic’ offshore wind targets face $100bn supplier investment hurdle
Policymaker targets for global offshore wind are “unrealistic” due to the tens of billions of dollars of investment needed near-term in the supply chain.
UK green agenda faces another hurdle as offshore wind auction stumbles
The UK’s annual renewable energy auction may not include offshore wind for the first time since the system for awarding subsidies began.
Global Energy Group subsidiary starts work on multi-million-pound offshore wind farm deal
'Critical role' for Neart na Gaoithe development has created more than 30 jobs.
Orsted profits plunge on lower power, gas prices
Orsted (CPH: ORSTED) on Thursday reported a 68% year-on-year drop in profits as “significantly lower” power and gas prices took their toll.
Vestas CEO warns wind supply chain disruptions are likely to continue
Henrik Andersen says the first six months of 2023 “also highlighted” that permitting and regulatory uncertainty remain a key barrier to accelerating the energy transition.
Onshore planning application lodged for floating wind farm off Peterhead
A planning application – key to the development of a floating wind farm earmarked for off Peterhead - has been submitted to the local authority.
BP considers building two UK wind farms without any subsidies
BP (LON: BP) is considering building two offshore wind farms in the Irish Sea without any support from the government — marking a first for the sector where development has been hindered by rising costs.
Winser Report: UK can build new power lines in half the time, top adviser says
Electricity transmission line construction can be cut to 7 years from 14 years, says Nick Winser in his report delivered Friday.
First campaign to install mammoth turbines at Dogger Bank kicks off
Work to install the first of 277 turbines that will make up the Dogger Bank offshore wind farm has begun off the coast of England.
Eastern Green Link 2: Hitachi wins work on major Scotland-England grid link
Japanese conglomerate Hitachi has won work on Eastern Green Link 2 (EGL2); a major project to boost grid connection between Scotland and England.
World’s biggest wind power projects are in crisis just when world needs them most
Offshore wind projects are facing an economic crisis that erased billions of US dollars in planned spending this week — just as the world needs clean energy more than ever.
Embracing change: developing standard contracts for offshore wind
The International Federation of Consulting Engineers (FIDIC) announced earlier this month that they have begun work on a new standard contract form for offshore wind farm projects. A committee of experts including engineers, contractors and project specialists are working to produce the new contract, likely by the end of 2025.
As Vattenfall puts Norfolk Boreas on ice, industry calls for government support
Vattenfall has called off its development of the UK offshore wind power project Norfolk Boreas due to rising costs, prompting industry leaders to call for government support for the secotor.
Danish investor is raising €12bn for renewable energy fund
Copenhagen Infrastructure Partners is looking to raise €12 billion ($13 billion) to invest in renewable energy, making it among the biggest ever funds dedicated to the transition away from fossil fuels.
Half of Scottish wind energy at risk of curtailment without net-zero grid upgrades
New analysis by GE Vernova suggests around 22GW of new transmission capacity will be needed across Scottish boundaries to prevent up to 50% of wind energy being wasted.