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offshore wind

World’s Largest 16 MW Offshore Wind Turbine Connected to Grid in China

The world’s largest 16 megawatts (MW) offshore wind turbine off the coast of east China’s Fujian Province has been successfully connected to the power grid and began generating electricity on July 19, 2023. The wind turbine at the Fujian offshore wind farm is operated by the China Three Gorges Corporation (CTG). The wind turbine boasts […]

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NTPC Issues Tender Seeking Partners To Venture Into Offshore Wind Business

NTPC Green Energy Limited (NGEL), the green arm of the NTPC Group, has now expressed its intention to venture into the business of offshore wind projects in the country. This sector is now largely untouched in India, with no visible players in sight to undertake large offshore wind projects.  Paving the way for the same, […]

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CIP Pledges $350 Million for South Korea’s Offshore Wind Expansion

Copenhagen Infrastructure Partners (CIP) signed an Investment Notification Form in the presence of the Republic of Korea’s President Yoon Suk-Yeol, committing to inject $350 million into offshore wind projects in South Korea. Through their funds, CIP aims to facilitate developing and constructing gigawatt-scale offshore wind projects in the country. These projects are situated in the […]

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China’s Offshore Wind Achieves Remarkable Power Price Parity with Coal Prices

China’s rapidly expanding offshore wind industry has defied the global norm by successfully driving down power prices to match those of coal, according to a recent report by BloombergNEF. While other regions continue to face upward pressure on energy costs, China’s offshore wind sector has experienced a significant reduction in prices, presenting a promising development […]

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Denmark Set for Largest Offshore Wind Tender of 9 GW Capacity

Denmark has set sights on its largest offshore wind tender of 9 GW capacity. This has potential to expand to 14 GW or more, as per the Danish Energy Agency. The capacity requirements are to be met by the conclusion of 2030. 14 million households in Denmark and Europe stand to benefit with supply of […]

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Ørsted To Acquire US Offshore Wind Seabed For $625 Million

Danish RE major Ørsted has agreed to acquire 50% interest from Eversource Energy in the uncontracted federal offshore wind lease area currently owned jointly by the two companies against a consideration price of $625 million. In addition to the seabed, which is in early-stage development, the agreement also includes contracts and partnerships for key operational […]

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Offshore Wind Projects Starting Before 2033 To Get 25 Years Of ISTS Waiver In India

The Ministry of Power, in its latest notification, has allowed a 25-year waiver of Inter-State Transmission System (ISTS) charges for early starters of offshore wind power projects. As per the notification, all the offshore projects commissioned on or before December 31, 2032, would be eligible for the long-term waiver. Besides these, the notification also confirms that […]

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