Offshore Wind

Life cycle analysis or assessments (LCAs) are a quintessential tool for power and utility industry professionals and tradespeople. They determine the environmental and financial value of new technologies. Consumer products get the most attention, but LCAs for renewable energy systems (Figure 1) should be discussed more. It is time to synthesize known information to create […]

Following a difficult period for the renewable energy industry, firms must begin prioritising foreign exchange (FX) risk management against the rising threat of currency movements. It has been a tough year for the renewable energy industry. The post-COVID inflationary pressures that have gripped the global economy over the last two years are weighing heavily on […]

Recent events in the wind power industry, all occurring on a single day, provide a snapshot of the sector’s challenges and opportunities heading into 2024. Ørsted, the world’s largest developer of offshore wind, on Oct. 31 announced the cancellation of Ocean Wind 1 and 2, two 1,000-MW-plus projects off the coast of New Jersey. In […]

Vestas will supply 33 of the company’s wind turbines for a major floating offshore wind project in South Korea. The Ulsan Gray Whale 3 installation, which was announced in March of this year with few details, is part of a 1.5-GW floating wind development being built in three phases in an area about 37 miles […]

New York officials said the state will invest in several new renewable energy projects, both offshore and onshore, that will add 6.4 GW of clean energy generation capacity to the state’s power grid. Gov. Kathy Hochul on Oct. 24 said the projects will deliver about 12% of New York’s electricity supply once all the installations […]

During President Biden’s first year in office, his administration published a document titled “The Long-Term Strategy of the United States: Pathways to Net-Zero Greenhouse Gas Emissions by 2050.” The document says all viable routes to net-zero involve five key transformations. They are: Decarbonize electricity. Electrify end uses and switch to other clean fuels. Cut energy […]

The massive Dogger Bank Wind Farm, which will be the world’s largest offshore wind installation when completed, has begun sending power to the UK grid. GE officials on Oct. 10 said the first of the company’s turbines at the site is now operational. Dogger Bank, located about 130 kilometers (81 miles) off the northeast coast […]

Planning, building, operating, or overhauling power plants has long been an emphasis in the power sector—and an important one, given that the creation of new power capacity plays an outsized role in

Coal-Fired Plants Serving EV Battery Makers Could Get Special Financing. Otoritas Jasa Keuangan (OJK), which supervises and regulates financial services for Indonesia, in early September said it is considering

Power companies must respond to outages caused by extreme weather events. Having accurate predictions concerning the severity of impending storms can ensure companies are prepared with the right resources on