Apr 11, 2018
Aug 30, 2016
Most independent developers and utilities in Europe’s offshore wind sector are responding to new financing models and more complex projects by switching from multi-contracting to 2-3 construction contracts per project, Rob Mcabb, partner at Eversheds, told Wind Energy Update.
Aug 17, 2016
A competitive Dutch tender system and favorable site conditions were key to DONG Energy’s record-low bid strike price of 72.7 euros per MWh for the Borssele 1&2 offshore wind projects, but the Danish utility likely beat other bidders by revving up efforts to maximize its energy production, optimize its operating costs and by securing lower-cost financing, industry experts said.
Jul 19, 2016
Offshore accommodation platforms can boost turbine availability by several percent on larger wind farms and extend the reach of crew transfer vessels further offshore, industry experts told Wind Energy Update.
Jul 5, 2016
The planned cost of the 21 MW Icebreaker Great Lakes wind project has fallen 17% in the last two years to $125 million and generation costs are expected to be lower than the 30 MW Block Island wind farm off Rhode Island, Lorry Wagner, president of Icebreaker developer Lake Erie Energy Development Corporation (LEEDCo), said.
Jun 21, 2016
A flurry of U.K. offshore extension projects is set to yield major cost savings through a deeper understanding of site challenges, technological gains and economies of scale, industry experts said.
May 9, 2016
New U.K. and U.S. offshore wind projects will provide valuable data on battery usage as developers narrow in on the most profitable storage applications.
Apr 25, 2016
Deepwater’s new capacity market agreement for the Block Island wind farm highlights the range of offtake options available to offshore projects but long-term power purchase contracts will prove crucial until the technology can compete in the wholesale markets.
Apr 25, 2016
The Icebreaker offshore project developer plans to modify regional barges in response to vessel supply challenges on the giant St. Lawrence River.
Mar 14, 2016
Operators can cut decommissioning costs by avoiding peak vessel demand periods and applying the latest project experience to early stage plant design and operations decisions.
Feb 29, 2016
DONG Energy’s massive Hornsea Project One farm will set a long-standing capacity record due to state and private financing challenges and the benefits of clustering and standardization should be felt across industry, experts said.
Jan 18, 2016
Statoil’s projections of 70% CAPEX cuts on the world's first floating turbine windfarm far outstrip industry-wide forecasts and supply chain and installation savings will see project costs approach fixed foundation plants over the next decade.
Nov 30, 2015
Ireland's offshore wind development has been boosted by the European Commission's decision to prioritize an Ireland-UK interconnector program and national regulatory issues must now be resolved to ensure construction, industry experts said.
Nov 29, 2015
The offshore wind power industry will see more vessel sharing and joint supply offers to execute larger projects amid predicted vessel shortages, experts told Wind Energy Update.
Oct 26, 2015
Micro-sized remotely operated vehicles are set to slash inspections costs for offshore foundations by reducing the need for heavy equipment and labor and shortening subsea check-ups.
Sep 24, 2015
Offshore project developers face a limited supply of vessels capable of installing new higher capacity turbines in deeper waters until the arrival from around 2018 of a new generation of purpose-built installation vessels, according to Wind Energy Update’s Offshore Foundations and Supporting Structures Report 2015.