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IRENA & GWEC Target 380 GW Offshore Wind Energy by 2030

The International Renewable Energy Agency (IRENA) and the Global Wind Energy Council (GWEC) have signed the Global Offshore Wind Energy Compact, an agenda that aims to ensure sustainable energy for all, helping the global battle against climate change. The compact sets a target of 380 GW of energy from offshore wind, installed worldwide by 2030; by […]

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Offshore Wind Market to be Worth $93.7 B by 2028: Zion Market Research

The global offshore wind energy market accounted for USD 44.8 Billion in 2020 and is expected to reach USD 93.7 Billion by 2028, growing at a CAGR of around 9.1% between 2021 and 2028, finds Zion Market Research. Wind power generation uses turbines to convert wind energy into electricity. The energy of the wind turns […]

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Vestas to Shut Down Three Offshore Wind Factories in Europe

Wind turbine maker Vestas is shutting down three of its European factories in Germany, Spain, and Denmark as part of the integration of its offshore business. The Danish company intends to cease production at its factories in Lauchhammer, Germany; Viveiro, Spain and Esbjerg, Denmark. “Today’s fast-moving energy transition, rapid introduction of new products and recent integration […]

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Ocean Winds, Aker Submit Joint Bid for 6GW Offshore Wind in Scotland

Spain-based Ocean Winds and Norway-based Aker Offshore Wind have submitted joint bids worth 6 GW for the development of floating offshore wind projects in the ScotWind leasing round. The joint venture has submitted bids for several sites in the Outer Moray Firth for offshore wind farms as part of the ScotWind process, which was accepting applications until […]

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GE’s Offshore Wind Blade Plant in UK Receives Approval

GE Renewable Energy has received the planning approval for its Teesside offshore wind blade manufacturing plant from the Local Planning Authorities. The plant construction should begin later in 2021 upon the finalization of all contractual documents, said the company. LM Wind Power will operate the facility which will be dedicated to the production of its […]

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India, Denmark Partner on Offshore Wind Generation

India and Denmark have launched the ‘Centre of Excellence on Offshore Wind’ as part of a green strategic partnership between the two nations, which will boost offshore wind power generation plans among other renewable sources. Union Minister for Power and New and Renewable Energy R.K Singh met with Mr. Dan Jørgensen, Danish Minister for Climate, Energy […]

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New Aussie Law Aims to Remove Hurdles in Offshore Wind Expansion

The Scott Morrison-led conservative government in Australia has introduced a legislation that could help clear the way for offshore wind farms to go ahead in a country considered to have massive offshore renewable energy potential. The long awaited legislation will set up a framework for building, running, maintaining and decommissioning offshore electricity projects including wind […]

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ONGC to Expand RE Portfolio Through Offshore Wind

Oil and Natural Gas Corporation (ONGC) is planning to generate electricity from wind at its vast offshore acreage in order to expand its renewable energy portfolio. Owned by the Ministry of Petroleum and Natural Gas, Government of India, ONGC has oil and gas fields both in the Arabian Sea and Bay of Bengal. That experience […]

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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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