World’s Largest Offshore Wind Farm Opens in Irish Sea… And It’s HUGE

The 659MW Walney Extension offshore wind farm has 87 wind turbines capable of generating enough green energy to power almost 600,000 UK homes. By Jeremy Hodges (Bloomberg) -- Orsted A/S unveiled the world’s largest offshore wind farm, an 87-turbine complex in the Irish Sea covering an area more than double the size of Manhattan. The Walney Extension off the coast of … [Read more...]

Rolls-Royce Helps Hoist The Modern Mainsail

Battery room photo by Carlsturdy, Shutterstock by Ellen Milligan (Bloomberg) Hoist the mainsail -- a thing that looks like a giant vertical pipe -- and switch on your battery the size of a small bus: merchant shippers are trying out bold new approaches in their battle to improve environmental performance against a backdrop of mounting regulatory pressure. Maersk … [Read more...]

Next Offshore Wind in U.S. Can Compete With Gas, Developer Says

By Jim Efstathiou Jr. (Bloomberg) -- Massive offshore wind turbines keep getting bigger, and that’s helping make the power cheaper -- to the point where developers say new projects in U.S. waters can compete with natural gas. The price “is going to be a real eye-opener,” said Bryan Martin, chairman of Deepwater Wind LLC, which won an auction in May to build a 400-megawatt … [Read more...]

Offshore Wind Churns Out Big Bank Payoff as Deals Jump to Record

By Anna Hirtenstein (Bloomberg) -- The expanding network of giant windmills in the North Sea -- the largest such collection in the world -- is turning into a windfall for some bankers helping institutional investors acquire a piece of Europe’s renewable-energy market. A record $9.36 billion of stakes in offshore wind farms were sold last year, up 77 percent from 2016, and … [Read more...]

Subsidy-Free Wind Farms Risk Ruined Reputations for Industry

By Jessica Shankleman (Bloomberg) -- Energy companies that stunned the world by offering to build wind farms with no subsidy may ruin the industry’s reputation by never actually delivering on their promises. That’s the warning of industry executives, who are cautious about the future of zero-subsidy offshore wind farms planned in Germany this year. Developers led … [Read more...]