New investment in renewable energy is, however, fast approaching a key milestone: reliance on subsidy free power generation. As this milestone is reached, industry incumbents will have no option but to adapt to what a subsidy free market means for the industry and their business models. This new era will present challenges and opportunities in equal measure.
Capacity issues loom for East Coast wind developers
WorkBoat - 17 July 2019
Off the New Jersey coast, the bright red hull of the Fugro Enterprise has become a familiar sight to commercial fishermen who pull shellfish dredges and tend gillnets.
Plodding along at around 4 knots, the 170’x40’x11′ survey vessel is making detailed geotechnical surveys for the Ocean Wind energy project, planned by Ørsted to accommodate towering wind turbines that would supply New Jersey with its first 1,100 megawatts of renewable energy generated by offshore wind.
With the dawn of the new 12MW offshore wind turbines, installation capacities of the current, third generation wind turbine installation vessels will be pushed to the limits and beyond. A new generation of jack-up vessels is necessary to serve the future offshore wind industry.
Taiwan to Mandate Local Vessel Use in Some Offshore Wind Activities
The Maritime Executive - 6 April 2019
Two government agencies in Taiwan are considering making the use of Taiwan-flagged vessels mandatory for certain offshore wind farm construction activities, after complaints from local shipowners.
The Bureau of Energy is expected to convene a meeting of developers, contractors […]
Taiwan Making Local Vessels Mandatory for Some Offshore Wind Farm Construction
Asiawind & Eiger - 4 April 2019
Two Taiwan government agencies are considering making the use of Republic of China ("ROC") flag vessels mandatory for certain offshore wind farm construction activities. The Bureau of Energy ("BOE") in Taiwan's Ministry of Economic Affairs is expected to convene […]
Case Study: ECAs to lead the way for Taiwanese offshore
Inframation News - 29 March 2019
Over the past year, Taiwan has allocated 5.5GW to new offshore wind farms, all scheduled for completion by 2025. But so far only one major scheme, Formosa 1 Phase 2, has reached financial close and tariffs have been cut […]
China can’t quite match appeal of European firms as Asia’s windpower infrastructure boom begins
South China Morning Post - 18 March 2019
Building a new generation of wind power infrastructure across key economies in Asia could add up to a bonanza for European firms, in a rare instance where state-owned Chinese companies find themselves on the back foot.
Offshore wind farm […]
Typhoons, Quakes to Shape Asia’s Offshore Wind Projects: BNEF
Bloomberg - 11 February 2018
Asia’s susceptibility to earthquakes and typhoons will dictate the design and timing of offshore wind projects in the region, according to Andreas Nauen, chief executive officer of the offshore business at Siemens Gamesa Renewable Energy SA. [...]
Green Giraffe and Taiwan’s Cathay United Bank (CUB) have been co-mandated as financial advisors for two Taiwan offshore wind projects with a combined capacity of IGW.
The 532MW Hailong II and 513MW Hailong III offshore wind projects […]
Taiwan seen sweetening wind power plan that soured investors
Business Times - 25 January 2018
Taiwan’s offshore wind drama looks set to come to a breezy end next week. Officials from the government and companies developing wind power projects are signalling that the island will likely amend a policy proposal made […]