China dominates the world’s solar and onshore wind markets. Offshore wind is not far behind. China’s offshore wind manufacturers could become the world’s leading suppliers, even if they fail to break out of their own domestic market. The potential size of China’s surging offshore wind market means that, despite having less advanced technology than their […]
Innogy eyes partnerships in potential US offshore wind push
Projects off the U.S. coast have become a major target for utilities in Europe, by far the world’s largest offshore market in terms of installed capacity, with several large players forming partnerships with Shell ESSEN, Germany: Energy firm Innogy , in the process of being broken up by parent RWE and rival E.ON, could team […]
Massachusetts Officials Recommend Another 1.6GW of Offshore Wind
The Bay State should schedule several more offshore wind solicitations running into the mid-2020s, said a report from the Massachusetts Department of Energy Resources. State officials recommended that Massachusetts double down on its offshore wind program, and sign contracts for another 1,600 megawatts of capacity in two solicitations to be held in the early 2020s. […]
Maryland Law Will Raise Renewables Target to 50%
Republican Governor Larry Hogan chose not to veto the law, but said he’d rather shoot for 100 percent clean electricity and include nuclear power. Maryland will raise its renewable electricity requirement from 25 percent by 2020 to 50 percent by 2030. The legislature passed the Clean Energy Jobs Act last month to enact this change, […]
EDP and Engie Team Up to Conquer Offshore Wind
The European power giants will create one of the world’s biggest offshore wind development companies through a new joint venture. The U.S. is among their target markets. Portuguese power firm EDP and French utility Engie announced a joint venture focused on achieving a ranking among the world’s top-five largest offshore wind developers. The 50-50 venture, […]
Semi-Submersible Technology Set for Commanding Early Lead in Floating Offshore Wind
Principle Power’s semi-submersible platform will play a big role in the early market for floating offshore wind, as a spate of projects gets set to enter the water. The floating offshore wind market looks likely to be dominated by semi-submersible platforms despite the early lead taken by Equinor using spar-buoy technology. Figures collated by the […]
Floating Offshore Wind Holds Promise for Vertical-Axis Turbines
Vertical-axis wind turbines have failed to make a dent in the thriving global wind energy business. But proponents say the technology may be well suited to the emerging floating offshore market. Long relegated to the margins of the wind industry, vertical-axis wind turbines (VAWTs) could get a new lease of life on floating platforms. Swedish […]
UK Government Committee Backs Net-Zero Climate Goal for 2050
The U.K.‘s Committee on Climate Change said the country should achieve net-zero carbon emissions by midcentury, but red tape is holding back renewables development. Renewable energy players cheered a government-sponsored report recommending the U.K. set a date of 2050 for achieving net-zero carbon emissions. “This is the level of ambition and leadership that is needed […]
Scotland to launch offshore wind leasing round in October
Under the scheme, Crown Estate Scotland provides a wind energy developer with the rights to construct and operate an offshore wind farm on the seabed LONDON: * Scotland will launch its new leasing round for offshore wind projects this October, said Crown Estate Scotland, the body responsible for leasing Scotland’s seabed * Under the scheme, […]
Sluggish Uptake From Renewables Sector as Clock Ticks on US ‘Opportunity Zones’
Only 11 funds focused on renewable energy have been established to take advantage of “money fire hose” from the Opportunity Zones incentive program. The clock is ticking for renewables developers to grab a bonus handed out in the Trump administration’s 2017 tax reform, celebrated by the Treasury this week. The Tax Cuts and Jobs Act […]