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News & in-depth analysis of offshore wind power and business, companies, contracts and deals.
UNITED STATES: Ørsted (formerly Dong Energy) and New England utility Eversource have signed a letter of intent with NEC Energy Solutions (NEC ES) to develop a storage component for the Bay State Wind project.
NETHERLANDS: Dutch foundations specialist Sif Group has reported a 12.7% fall in Ebitda and an 18.3% fall in revenue for 2017, as the firm also makes plans in case of a quieter second half of 2018 and begins the search for a new CEO.
NORWAY: Statoil will change its name to Equinor to reflect "ongoing changes" within the company, the oil and gas giant has announced.
TAIWAN: Offshore wind developer Ørsted (formerly Dong Energy) is prepared to invest $13 billion in four Taiwanese projects, totalling 2.4GW.
FRANCE: Engie's revenue rose slightly year-on-year amid an "ambitious repositioning" by investing in renewable energy, its CEO claimed.
NETHERLANDS: A slower year in its offshore wind activity contributed to a decline in revenue for Royal Boskalis Westminster's offshore energy segment, the marine contractor stated.
DENMARK: MHI Vestas' outgoing chief executive Jens Tommerup believes there is no business case yet for developing the next generation of offshore wind turbines, even though the technology is available.
DENMARK: The generation-cost projections reported in this column rely on estimates of the energy production of the wind turbines over the life of the plant by the developer.
UK: Confidence was high in London for Europe's biggest offshore event the year. Political opposition is fading as fast as costs are falling, and the industry is looking forward to sustained growth.
UK: Bigger turbines and the creation of a local supply chain are raising expectations for the future of offshore wind in the UK. The next step could be looking at export potential.
NETHERLANDS: The announcement of the Borselle auction results was greeted by the offshore wind industry with a mixture of astonishment, delight, and (from competitors) a little concern. Dong Energy had beaten the €100/MWh levelised cost of energy (LCOE) barrier well ahead of schedule.