Top 10 Things to Watch in Offshore Wind in '24
high interest rates, a factor in developers and companies in the supply chain reporting mixed financial results. One cannot ignore the high-profile headlines of investor and financial institution reactions to project cancellations, deferments and impairments by companies including Ørsted, Iberdrola and Vattenfall as well as losses at large turbine OEMs, including but not limited to, Siemens. As a result, we continue to monitor not only the cost of debt but the availability of finance to the offshore wind space. This point links to our earlier comment about government agencies accepting the
Van Oord Wraps Up Cable Installation at Iberdrola's Offshore Wind Farm
the Baltic Sea.The termination and testing works of the IAC are in full swing and are expected to be completed in the first quarter of 2024.The Baltic Eagle offshore wind farm is located in the German Baltic Sea, 30 kilometers northeast of the island of Rügen.With a production capacity of 476MW, Iberdrola’s Baltic Eagle offshore wind farm will be able to deliver renewable energy to 475,000 households while reducing carbon emissions by nearly 1 million tones annually
Van Oord Set to Kick Off Cable Installation for Iberdrola's Baltic Eagle Offshore Wind Farm
Dutch offshore installation services company Van Oord is set to start the cable installation works on Iberdrola's Baltic Eagle offshore wind farm in Germany."After Van Oord’s heavy lift installation vessel Svanen completed installation of all fifty monopiles for Iberdrola Deutschland’s Baltic Eagle offshore wind farm, Van Oord now continues installing transition pieces and starts cable installation. This week the inter-array cable loading onto Van Oord’s cable-laying vessel Nexus has commenced," Van Oord said Wednesday.In total, Van Oord will install approximately 70
Iberdrola to Install its First-ever Floating Solar Plant in Brazil
Spanish renewable energy company Iberdrola has chosen Brazil as a place where it plans to install its first ever floating solar plant.The project will be built on the water surface of the Xaréu dam on the island of Fernando de Noronha, recognized by UNESCO as a World Natural Heritage Site.This initiative is carried out together with Companhia Pernambucana de Saneamento (Compesa), which operates the water and sewage distribution network throughout the island, and with the support of the Energy Efficiency Programme regulated by the Brazilian National Electric Energy Agency (Aneel).With an output
Offshore Renewable Energy: A Port Puzzle for Floating Offshore Wind
to have had a major dose of adrenaline. While the largest development, to date, is the relatively small-scale 50MW Kincardine project off northeast Scotland (which will be outdone by the 88MW Tampen project in Norway later next year [2022]), an ever growing number of major energy companies, from Iberdrola to TotalEnergies, have been setting forth plans for gigawatt-scale floating wind farms – all over the globe.This year, the Global Wind Energy Council’s (GWEC) forecast for floating wind build out over the next 10 years shot up by 10GW, from the 6.5 GW estimate made last year, to 16
ScottishPower Renewables Supports Proserv's Offshore Wind Cable Monitoring Tech
ScottishPower Renewables, part of the Spanish renewables giant Iberdrola, has granted industrial sponsorship to Proserv Controls for its subsea cable condition monitoring system for the offshore wind segment.The system, called Electro Cable Guard, or ECG has been initiated and driven by Proserv with support from its consortium partners Synaptec, a power system monitoring firm, and cable engineering specialists BPP Cable Solutions. "The system offers a paradigm shift in present market offerings around condition monitoring of both inter-array and export cables," Proserv Controls said.
VIDEO: CorPower Builds 'World's largest' Wave Energy Test-rig
product development and verification process, which initially started with small-scale tests in Portugal and France. It later progressed to a half-scale WEC prototype, which also underwent dry-rig testing prior to sea trials in the Orkney Islands, Scotland, in partnership with utility firm Iberdrola. “We are thrilled to announce the completion of the world’s largest wave energy test-rig,” said CorPower Project lead Antoine Boudoin, responsible for delivering the system. “It’s one-of-a-kind and purpose-built to test the overall performance and survivability
US Vineyard Wind Project Clears Key Hurdle
Management Laura Daniel Davis.Last month, the Biden administration reversed a Trump administration decision that canceled the permitting process for Vineyard Wind late last year and restarted the environmental review.Vineyard Wind is a joint venture between Avangrid Inc, a unit of Spain’s Iberdrola, and Denmark’s Copenhagen Infrastructure Partners. The project is 15 miles (24 km) off the coast of Massachusetts. Once constructed, it is expected to provide power to more than 400,000 Massachusetts homes.The proposed project would be located approximately 12 nautical miles offshore Martha&rsquo
BOEM "Blown Away" by Record U.S. Offshore Wind Auction
, at the conclusion of the two-day sale that attracted 11 bidders and lasted 32 rounds.Mayflower is a joint venture owned by Shell and EDP Renewables, a division of Portugal's EDP. Vineyard Wind is a joint venture between Copenhagen Infrastructure Partners and Avangrid Inc, a division of Spain's Iberdrola SA. Equinor is the Norwegian company formerly known as Statoil.Equinor and Mayflower each bid $135 million for their leases, while Vineyard Wind bid $135.1 million, BOEM said."We are truly blown away by this result," BOEM Acting Director Walter Cruickshank said on a conference call to
February 2024
