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offshore wind projects

China Surpasses Germany to Claim #2 in Offshore Wind Rankings

China has overtaken Germany as the world’s second largest offshore wind market with 7.9 GW of operational capacity, shows a new Global Offshore Wind report. The World Forum Offshore Wind’s first semi-annual report for 2021 also finds that global offshore wind installations reached 34,137 MW at the end of June. This demonstrates a slowdown in […]

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China’s Goldwind Earns 292.3 M Net Profit in H1 FY21

Beijing-based wind turbine manufacturer Goldwind has released interim results for 2021, reporting a net profit of around CNY 1.9 billion ($292.3 million) in the first half of the financial year. Officially known as Xinjiang Goldwind Science & Technology Co., Ltd., this state-owned multinational realised revenue of CNY 17.85 billion in H1 FY21. Gross profit was CNY 4.919 billion, […]

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10% Hike in Store for Wind Turbine Prices, says WoodMac

According to new analysis from Wood Mackenzie, wind turbine prices are expected to increase by up to 10% over the next 12 to 18 months due to increases in commodity prices, logistics costs, and coronavirus-related challenges. As noted in a recent Wood Mackenzie report, a rise in steel, copper, aluminium, and fibre prices, coupled with […]

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Asia Pacific Offshore Wind Market To Be Worth $56.8 B by 2026: Report

The global offshore wind market is expected to grow from an estimated USD 31.8 billion in 2021 to USD 56.8 billion by 2026, at a CAGR of 12.3% during the forecast period. During this time, the Asia Pacific region is expected to dominate the market. Offshore wind turbines are increasingly being installed and is showing […]

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Equinor, RES & Green Giraffe Partners for Floating Offshore Wind in France

Equinor, RES, and Green Giraffe join forces and form Océole, a partnership dedicated to developing floating offshore wind in France.  Océole will evaluate and work towards submitting bids in the upcoming floating offshore wind tenders held by the French government. Establishing this partnership is in line with the three companies’ ambition of delivering high-performance floating offshore […]

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Big-scale Floating Wind is Kicking Off in France: WindEurope

France has closed the world’s first-ever auction for a commercial-sized floating offshore wind farm. The future wind farm will be located in the Atlantic Ocean south of Brittany and will have a capacity of 250MW. France will then auction two other floating projects of a similar size over the next year. These will be in […]

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Avangrid Sells 600MW Nevada Solar & Storage Projects To Primergy Solar

Portland-headquartered renewable energy company, Avangrid Renewables LLC has announced that it has sold its 600 MW solar and storage projects portfolio to a California-based solar and battery storage company, Primergy Solar LLC. Even after selling the portfolio, Avangrid will continue to work on the development of these projects in Nevada. Avangrid Renewables LLC is a […]

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PosHYdon, First Offshore Green H2 Project Gets DEI+ Subsidy from Dutch Govt

The government of the Netherlands has granted a EUR 3.6 million subsidy to back the PosHYdon pilot project. PosHYdon is an initiative of Nexstep, the Dutch association for decommissioning and reuse, and TNO, the Netherlands organization for applied scientific research, in close collaboration with the industry. It is claimed to be the world’s first-ever offshore […]

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BlackRock Real Assets Takes Over South Korean Offshore Wind Developer

A New York-based investment management company, BlackRock Real Assets today announced that it has taken over Korea Renewable Energy Development & Operation Holdings Co Ltd (KREDO Holdings). The global investment manager has made it its first-ever investment in the South Korean offshore wind sector with this acquisition. Also, it plans to spend more than USD […]

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