This week the Global Wind Energy Council (GWEC) launched the first edition of its Global Offshore Wind Report, which provides a comprehensive analysis of the prospects for the global offshore wind market, including forecast data, market-level analysis and review of efforts to lower costs.
Last week, the New Jersey Board of Public Utilities announced it selected Ocean Wind, an offshore wind energy project proposed by Ørsted with support from PSEG, to develop an 1,100 MW offshore wind farm. Ocean Wind will be located 15 miles off the coast of Atlantic City. Construction is expected to commence in the early 2020s, with the wind farm operational in 2024.
New York is poised to pass its own version of the Green New Deal with a climate bill that would more than triple the state’s solar capacity and aggressively promote development of wind farms off the state’s coast.
GE Renewable Energy announced the shipment of the four tower sections that will be part of GE’s Haliade-X 12 MW prototype to be installed later this summer in Maasvlakte-Rotterdam (NL). The four segments at tower manufacturer GRI’s site in Seville, will be arriving in the Netherlands before the end of the month.
German utility EnBW has acquired French wind and solar developer and operator VALECO.
“Recognizing leaders in the power and energy industry not only gives us the opportunity to celebrate them and the projects that they are involved in, it also enables us to learn vital business and life lessons from these often exceptional individuals. We find out what makes them tick, what frustrates them and the processes they follow to address challenges – this is often inspiring, eye-opening stuff and cannot but contribute to the growth of the sector.“
A number of recent announcements highlight just how quickly and aggressively the U.S. offshore wind industry is growing in the Northeast. States are enacting offshore wind target capacity laws and initiatives and companies are setting up offices in the region and making strategic hires so they can participate in what will soon be a booming industry.
The Rhode Island Public Utilities Commission unanimously approved the PPA with utility National Grid for 400 MW in wind power capacity from the Revolution Wind project. Project developer DWW Rev 1 LLC is a joint venture of New England utility Eversource and Ørsted U.S. Offshore Wind.
Microsoft Corp. has signed a new wind energy agreement to purchase 90 MW from the 731.5-MW Borssele III/IV offshore wind project, owned by Dutch sustainable energy company and wind farm developer Eneco.
Renewables energy investment in Asia excluding China will overtake spending on upstream oil and gas projects in the region as soon as next year, according to Rystad Energy.