Bright Future for Offshore Wind Power, But High Rewards Come with High Risks Updated On Thu, Aug 1st, 2024 by Saurenergy Fossil fuels are a major contributor to global warming, prompting nations to seek alternative energy sources. As traditional energy sources like coal, oil, and gas are phased out, the world is looking to alternative energy sources to fill the gap. Wind power, in particular, is expected to take off. According to the International Renewable Energy […] Read more
JSW Steel USA Plans To Invests 110 Mn To Upgrade Offshore Wind Projects Updated On Tue, Jun 25th, 2024 by Saurenergy JSW Steel USA, a subsidiary of JSW Steel Ltd., plans to invest US $110 million in steel plate mill modernization projects with sustainable technology and equipment. The company plans to invest in its manufacturing facilities in Baytown, Texas. These investments are expected to enable the production of high-quality monopile steel plates to support the US […] Read more
Wind Turbine Monitoring Systems Market To Grow By $8.72 Bn: Report Updated On Thu, Jun 13th, 2024 by Saurenergy The global wind turbine monitoring systems market size is estimated to grow by USD 8.72 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 19.34% during the forecast period. The rapid growth of the global wind power market is driving market growth, with a trend towards a […] Read more
US Department of Energy Allocates $48 Million For Offshore Wind Projects Updated On Fri, Apr 26th, 2024 by Saurenergy The U.S. Department of Energy’s Wind Energy Technologies Office (WETO) announced it intends to issue a Funding Opportunity Announcement (FOA) entitled “Offshore Wind National and Regional Research and Development.” This opportunity will fund $48 million of projects that address several major areas of need for offshore wind, including accelerating research and development of offshore wind […] Read more
Germany Issues Tender For 5.5 GW Offshore Wind Project Updated On Thu, Feb 29th, 2024 by Saurenergy Federal Network Agency of Germany has launched auctions for offshore wind farms comprising a total of 5,500 MW at three centrally pre-investigated sites in the North Sea. The three sites with a combined 5,500 MW of projected generating capacity are situated about 110 km north-west of the island of Borkum, bordering the Netherlands exclusive economic […] Read more
Global Solar Installations Could Touch 574 GW In 2024, Predicts BloombergNEF Updated On Thu, Feb 22nd, 2024 by Saurenergy The latest report by energy think tank BloombergNEF forecasts that there could be solar installations of capacity as high as 574 GW this year. The new global PV outlook report says the new installations hit 444 GW in 2023 instead of having peaked at 413 GW as was predicted earlier by BloombergNEF. The research further […] Read more
UK’s Dogger Bank Offshore Wind Project To Be Delayed Until 2025 Updated On Mon, Feb 12th, 2024 by Saurenergy United Kingdom-based renewable energy company SSE Renewables has announced that a shortage of vessels, challenging weather conditions, and supply chain issues will lead to delays in the operation of the first phase of the Dogger Bank offshore wind project – Dogger Bank A. According to the company, the project will not begin functioning until 2025. […] Read more
USFR To Invest $700 Million In OffShore Wind Projects On US East Coast Updated On Thu, Feb 8th, 2024 by Saurenergy US-based manufacturer of steel components US Forged Rings Inc. (USFR) today announced a $700M investment in the US offshore wind industry to construct a tower fabrication facility and a steel forging plant. The company will use these two facilities to service the growing domestic offshore wind market, filling a critical supply chain gap for offshore […] Read more
UK, German Moves To Support Offshore Wind Point To Challenges Ahead Updated On Fri, Nov 17th, 2023 by Saurenergy Ørsted’s Travails World’s biggest offshore wind energy developer- Danish firm Ørsted on November 1 this year announced ceasing developing two of its proposed offshore wind projects in the United States (US) at the cost of around £3bn in penalties. These projects were slated to come up at New Jersey off the US coast. They had […] Read more
