Offshore Wind Market to be Worth $93.7 B by 2028: Zion Market Research Updated On Tue, Sep 21st, 2021 by Saurenergy 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 […] Read more
Vestas to Shut Down Three Offshore Wind Factories in Europe Updated On Tue, Sep 21st, 2021 by Saurenergy 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 […] Read more
Wind Manufacturers Progress On Recycling, With Siemens Gamesa Claim on Turbine Blades Updated On Wed, Sep 8th, 2021 by Saurenergy Spanish turbine maker Siemens Gamesa announced on September 7 that it has started producing recyclable offshore wind turbine blades for commercial use. The move matters to an industry that, even while seen as renewable and clean, needs to do more to truly reduce its carbon footprint, and start carbon free payback earlier for projects. Competitor Vestas […] Read more
UK-based Octopus Group Buys 181 MW Wind Farm in Australia Updated On Fri, Sep 3rd, 2021 by Saurenergy Octopus Australia has acquired the 181MW Dulacca Wind Farm in Queensland, Australia, from global renewable energy company RES. Once constructed, the wind project will consist of 43 wind turbines and generate enough electricity to power approximately 124,000 homes. Octopus Australia is a part of UK-based Octopus Group that manages over 260 renewables assets globally. In addition to […] Read more
Wind Energy Accounted for 42% New U.S. Capacity in 2020 Updated On Wed, Sep 1st, 2021 by Saurenergy More wind energy was installed in 2020 than any other energy source, accounting for 42% of new U.S. capacity, says the U.S. Department of Energy (DOE). By contrast, solar amounted to only 38% of new capacity last year. The U.S. wind industry supports 116,800 jobs. The DOE has released three reports showing record growth in […] Read more
ONGC to Expand RE Portfolio Through Offshore Wind Updated On Tue, Aug 31st, 2021 by Saurenergy 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 […] Read more
48 MW Scottish Offshore Wind Project Fully Installed Updated On Tue, Aug 24th, 2021 by Saurenergy The 48MW Kincardine Offshore Wind project, touted as “the world’s largest installed floating offshore wind farm,” has been fully installed now. It is expected to generate enough electricity to power approximately 55,000 Scottish households. Last year, Scotland narrowly missed a target to generate the equivalent of 100% of its electricity demand from renewables. The figure […] Read more
Norwegian Company gets €957,000 Grant for Mobile Offshore Wind Units Updated On Thu, Aug 19th, 2021 by Saurenergy Norwegian offshore drilling contractor Odfjell Oceanwind has been awarded a NOK 10 million (EUR 957,000) pre-project grant from Enova, Norway’s fund for climate and energy technologies, for maturing its first commercial contracts for Mobile Offshore Wind Units (MOWUs) and WindGrid for electrification of oil and gas installations. The grant is awarded under Enova’s full scale innovative […] Read more
10% Hike in Store for Wind Turbine Prices, says WoodMac Updated On Tue, Aug 17th, 2021 by Saurenergy 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 […] Read more
