Floating wind turbine

Former finance minister and industry veteran join the board of Aker Offshore Wind and Hexicon's new Swedish JV

Retrieved on: 
Monday, September 6, 2021

OSLO, Norway, Sept. 6, 2021 /PRNewswire/ --Aker Offshore Wind and Hexicon have today appointed former Swedish Finance Minister Pr Nuder and former Vattenfall executive Mikael Kramer to the Board of Directors of its new 50-50 joint venture to develop floating wind offshore Sweden.

Key Points: 
  • OSLO, Norway, Sept. 6, 2021 /PRNewswire/ --Aker Offshore Wind and Hexicon have today appointed former Swedish Finance Minister Pr Nuder and former Vattenfall executive Mikael Kramer to the Board of Directors of its new 50-50 joint venture to develop floating wind offshore Sweden.
  • The board of directors for the joint venture includes Swedish nationals Pr Nuder and Mikael Kramer.
  • Tom Selwood, Chief Financial Officer of Aker Offshore Wind, said: "As partners, we have the knowhow to deliver floating offshore wind generation in Sweden and are committed to a future of green renewable energy.
  • The remaining four members of the Board of Directors are representatives from Aker Offshore Wind and Hexicon.

Hitachi ABB Power Grids launches new transformers for floating offshore wind power

Retrieved on: 
Monday, June 7, 2021

The portfolio of transformers will be installed on floating offshore substations and floating wind turbines in deep waters, where traditional solutions are not feasible

Key Points: 
  • The portfolio of transformers will be installed on floating offshore substations and floating wind turbines in deep waters, where traditional solutions are not feasible
    Building offshore presents many challenges beyond the harsh saltwater environment.
  • Floating substations and floating wind turbines offer a solution, which can be used in deeper waters, vastly increasing the available global capacity for developing offshore wind energy.
  • This portfolio introduces a range of collector step-up transformers, earthing transformers and shunt reactors for floating substations plus wind turbine transformers for floating wind turbines, including the industry leading WindSTAR units.
  • About Hitachi ABB Power Grids Ltd.
    Hitachi ABB Power Grids is a global technology leader with a combined heritage of almost 250 years, employing around 36,000 people in 90 countries.

Offshore Wind California Applauds Biden Administration for Clearing the Way to Bring Gigawatts of Clean, Utility-Scale Offshore Wind Power to the Golden State

Retrieved on: 
Tuesday, May 25, 2021

"This is the breakthrough California's offshore wind industry and workers have been looking for," said Adam Stern ,Executive Director, OWC, a trade group of offshore wind developers and technology firms.

Key Points: 
  • "This is the breakthrough California's offshore wind industry and workers have been looking for," said Adam Stern ,Executive Director, OWC, a trade group of offshore wind developers and technology firms.
  • "We look forward to partnering with federal and state agencies to map out a path to achieve a minimum of 10 GW of clean, offshore wind power for Golden State residents and workers by 2040.
  • Offshore Wind California's board member companies include Aker Offshore Wind , Equinor , Magellan Wind , Mainstream Renewable Power , rsted , Principle Power ,the Pacific Ocean Energy Trust , and Shell .
  • For more on the Biden Administration's offshore wind announcement for California, go to:
    About OWC Offshore Wind California is a coalition of industry partners with a shared interest inpromoting policies and public support for responsible development of offshore wind power in California.

Launch of HIP Atlantic Project and World-Leading Power Cable Plant in Northeast England

Retrieved on: 
Friday, May 21, 2021

b'CHICAGO and LONDON, May 21, 2021 /PRNewswire/ --Hecate Independent Power Limited ("HIP") announces the launch of its HIP Atlantic Project for installing 10,000 MW of fixed and floating wind turbines in the North Atlantic connected to the United Kingdom by long-length, high-capacity, high-voltage direct current (HVDC) submarine power transmission cables.

Key Points: 
  • b'CHICAGO and LONDON, May 21, 2021 /PRNewswire/ --Hecate Independent Power Limited ("HIP") announces the launch of its HIP Atlantic Project for installing 10,000 MW of fixed and floating wind turbines in the North Atlantic connected to the United Kingdom by long-length, high-capacity, high-voltage direct current (HVDC) submarine power transmission cables.
  • These cables are to be manufactured in the United Kingdom at a 200 million (US $277 million) bespoke power cable plant to be built at a port in the northeast of England.
  • Each wind farm or pod - will be in a different North Atlantic location, and each pod consisting of 1,000 MW of wind turbines will have its own dedicated cable linked to the United Kingdom.
  • These will be the largest dedicated power cable vessels in operation in the world today that will be largely operated by British crews.\n'

Global Offshore Wind Power Markets, 2020-2021 & Forecast to 2025 by Component, Depth, End Use Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis - ResearchAndMarkets.com

Retrieved on: 
Monday, April 26, 2021

b"The Global Offshore Wind Power Market is estimated to be USD 38.76 Bn in 2020 and is expected to reach USD 69.38 Bn by 2025, growing at a CAGR of 12.35%.\nThis growth is attributed to the increasing demand for clean energy in order to cut down carbon emissions and protect the environment by generating electricity through renewable resources.

Key Points: 
  • b"The Global Offshore Wind Power Market is estimated to be USD 38.76 Bn in 2020 and is expected to reach USD 69.38 Bn by 2025, growing at a CAGR of 12.35%.\nThis growth is attributed to the increasing demand for clean energy in order to cut down carbon emissions and protect the environment by generating electricity through renewable resources.
  • Offshore wind energy form an integral part of these clean energy resources and also has a higher capacity factor compared to onshore wind.\nWhereas the restraint like high capital cost and maintenance and logistics issues and opportunities like Coal and Nuclear Phase-Out and Focus on Water Conservation are also the main factors driving the growth.\nThe Global Offshore Wind Power Market is segmented further based on Component, Depth, End Use and Geography.\nBy Component, the market is classified into Turbine, Support Structure, Electrical Infrastructure and Others.\nBy Depth, the market is classified as >0, 30 m, >30, 50 m and > 50 m.\nBy End Use, the market is classified as Offshore wind providers, Government and research organization, Consulting companies in the power industry, Public and private players.\nBy Geography, Americas is projected to lead the market.\nIn March 2020, Enercon installed a new prototype E-138 EP3 for their E2 wind turbines at the Janneby site which is situated in Schleswig-Holstein, Germany.
  • The new prototype increased the nominal power of E2 turbines from 3.5 MW to 4.2 MW and will help the company yield an additional power of 1.5 Million kWh every year.\nIn 2019, Siemens Gamesa Renewable Energy received an order to supply 8 MW offshore wind turbines to Orsted's 900 MW offshore wind farm in Taiwan.\nIn April 2018, MHI Vestas Offshore Wind announced its collaboration with Ramboll, company that produced the industry's first encapsulated foundation load software tool.
  • The collaboration helped the company to develop software tool allowing foundation designers to perform integrated load analyses independently in closed-system, version of the full turbine model used for detailed foundation load simulations.\n"

Floating Wind Turbine Market to Reach $30.6 Bn, Globally, by 2027 at 32.5% CAGR: Allied Market Research

Retrieved on: 
Wednesday, April 21, 2021

On the other hand, high installation and maintenance cost curb the growth to some extent.

Key Points: 
  • On the other hand, high installation and maintenance cost curb the growth to some extent.
  • However, advancements in wind turbine structure are expected to create lucrative opportunities for the key players in the industry.\nLimited availability of spares and manpower for maintenance affected the global market for floating wind turbine during the first phase of the lockdown.
  • At the same time, the region across Asia-Pacific would register the fastest CAGR of 33.9% from 2020 to 2027.
  • This is due torise in concern from governments across emerging nations, such as China, India, and South Korea, regarding zero emission norms.\n'

Floating Wind Turbine Market to Reach $30.6 Bn, Globally, by 2027 at 32.5% CAGR: Allied Market Research

Retrieved on: 
Wednesday, April 21, 2021

On the other hand, high installation and maintenance cost curb the growth to some extent.

Key Points: 
  • On the other hand, high installation and maintenance cost curb the growth to some extent.
  • However, advancements in wind turbine structure are expected to create lucrative opportunities for the key players in the industry.\nLimited availability of spares and manpower for maintenance affected the global market for floating wind turbine during the first phase of the lockdown.
  • At the same time, the region across Asia-Pacific would register the fastest CAGR of 33.9% from 2020 to 2027.
  • This is due torise in concern from governments across emerging nations, such as China, India, and South Korea, regarding zero emission norms.\n'

Triton Systems Secures Additional Funding for Offshore Wind Energy Anchoring System

Retrieved on: 
Monday, April 5, 2021

CHELMSFORD, Mass., April 5, 2021 /PRNewswire/ --Triton Systems Inc., (Triton), a technology incubator and developer of breakthrough products, today announced it has received funding to continue its endeavors in offshore wind energy anchoring systems.

Key Points: 
  • CHELMSFORD, Mass., April 5, 2021 /PRNewswire/ --Triton Systems Inc., (Triton), a technology incubator and developer of breakthrough products, today announced it has received funding to continue its endeavors in offshore wind energy anchoring systems.
  • The funding is provided by the National Offshore Wind Research and Development Consortium (Consortium) and the Massachusetts Clean Energy Center (MassCEC).
  • Triton's Helical Anchor Group Installation System (HAGIS) is a low cost, silent, efficient, flexible anchoring system for small- and large-scale offshore wind farms.
  • Traditionally, anchoring systems make up a significant cost of offshore wind systems and are a major factor in preventing large scale floating windfarms offshore and in deep sea.

France : Plan d’investissement - la BEI cofinance la construction du parc éolien en mer du Calvados à hauteur de 350 millions d’euros

Retrieved on: 
Tuesday, March 23, 2021

This financing will be guaranteed by the European Fund for Strategic Investments, the central pillar of the Investment Plan for Europe.

Key Points: 
  • This financing will be guaranteed by the European Fund for Strategic Investments, the central pillar of the Investment Plan for Europe.
  • Totalling an estimated 2billion, the project involves the construction of 64 wind turbines located over 10km off the French coast.
  • With a capacity of 450MW, it will produce the equivalent of the annual electricity use of 630000 people, i.e.
  • This operation consolidates our expertise in fixed and floating offshore wind turbines, like other innovative projects that we are financing elsewhere in Europe.

Global $68.86 Billion Offshore Wind Turbine Markets 2014-2019 & Forecasts 2020-2026: Market Players Launching Partnerships and Collaborations for Bolstering Their Market Presence

Retrieved on: 
Thursday, November 19, 2020

The COVID-19 pandemic has tremendously hampered the progress of the offshore wind turbine market, on account of the disruption of the global supply chains as a result of the lockdown imposed in numerous countries across the world.

Key Points: 
  • The COVID-19 pandemic has tremendously hampered the progress of the offshore wind turbine market, on account of the disruption of the global supply chains as a result of the lockdown imposed in numerous countries across the world.
  • Under the water depth segment of the offshore wind turbine market, the shallow-water (up to 30 meters) division recorded the highest growth in the market during the last few years.
  • The fixed bifurcation, under the installation segment, will exhibit higher growth in the offshore wind turbine market in the forthcoming years.
  • The players operating in the offshore wind turbine market are increasingly starting partnerships and collaborations with each other for:
    Jointly establishing various offshore wind power plants and projects.