2020 was a record-setting year for global offshore wind investment

Global financial investment for offshore wind capacity set records in 2020, according to new research released last month. Data from the Renewables Consulting Group’s (RCG’s) Global Renewable Infrastructure Projects (GRIP) database shows that the total capacity financed for offshore wind last year reached 8,370 megawatts (MW) across the European, Americas and Asia Pacific (excl. China) […]

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The grid needs $14T to support full decarbonization

At least $14 trillion needs to be invested in the grid worldwide by 2050 to support an evolved power system, according to BloombergNEF’s new Power Grid Long-Term Outlook 2021 published this week. The transition to electric heating and transport will drive up electricity demand, while the tremendous growth of wind and solar add additional strain on the grid. […]

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GWEC: Nearly 30GW of new wind energy capacity was auctioned in 2020

According to new analysis by GWEC Market Intelligence in its latest Q4 2020 Wind Energy Auction Update, nearly 30GW of new wind power capacity was awarded globally through auctions in the second half of 2020, which is a slight increase compared to the 28GW awarded during H2 2019. This surge in new auctioned capacity is a clear signal that the industry is back on track and committed to building up the global pipeline of wind power projects, notes the report.

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Iberdrola plans first industrial-scale floating offshore wind farm in Spain with an investment of more than €1 billion

Iberdrola is planning what it says will be the first industrial scale floating offshore wind farm in Spain. The 300-MW project will cost more than €1 billion said the company. It will be located off the Spanish coast. The renewable facility could become a driver of the country’s industrialization and job creation, said Iberdrola, estimating […]

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South Korea announces ambitious 8.2GW wind complex

South Korea has unveiled a KRW 48.5 trillion ($43.2 billion) project to develop an 8.2GW wind complex offshore the Sinan County, South Jeolla Province. The project is said to be the world’s largest of its kind and forms part of the country’s efforts to support a green recovery. The agreement is said to involve 33 […]

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Hitachi ABB Power Grids is supporting world’s largest wind farm with third interconnect contract

Hitachi ABB Power Grids announced that the owners/developers of the 3.6-GW Dogger Bank Wind Farm have selected it to connect the third transmission link from Dogger Bank to the UK mainland.  The link is 130 km. Hitachi ABB Power Grid is already delivering the interconnects for Dogger Bank A and B and the new contract is for the third phase, Dogger Bank C. Dogger Bank […]

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Amazon gets into offshore wind via 380-MW PPA with Shell and Eneco

Shell Energy Europe BV (Shell) and Amazon signed an agreement through which Shell will provide Amazon with 50% of the capacity (~380 MW) of the energy generated by the Amazon-Shell HKN Offshore Wind Project. The offshore wind farm is operated by the Crosswind Consortium, a joint venture between Shell and Eneco. It is scheduled for […]

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BOEM to resume environmental review of 800-MW Vineyard Wind

The Bureau of Ocean Energy Management (BOEM) announced last week that it intends to resume the environmental review of Vineyard Wind’s proposed offshore wind project. “Offshore wind has the potential to help our nation combat climate change, improve resilience through reliable power, and spur economic development to create good-paying jobs,” said BOEM Director Amanda Lefton. “BOEM is […]

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GE awarded DoE grant to research 3D printing of wind turbine blades

GE Research, GE Renewable Energy, and LM Wind Power, a GE Renewable Energy business were recently selected by the US Department of Energy (DoE) to research the design and manufacture of 3D printed wind turbine blades. The GE business units will partner with the Oakridge National Lab and the National Renewable Energy Lab on a […]

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Four key considerations for the development of U.S. offshore wind projects

Recent Congressional action extends tax credits, reach of “Jones Act” by David Cole, Debra Duncan, Shay Kuperman, John Michael, and Danielle Patterson at Vinson & Elkins L.L.P. Today, the U.S. has one offshore wind project in commercial operation – the 30-megawatt Block Island Wind Farm off the coast of Rhode Island – but there are […]

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