• European offshore wind developers shy away from multi-contracting

    Most independent developers and utilities in Europe’s offshore wind sector are responding to new financing models and more complex projects by switching from multi-contracting to 2-3 construction contracts per project, Rob Mcabb, partner at Eversheds, told Wind Energy Update.

  • Tender design, output gains key to DONG’s record-low Borssele 1&2 offshore bid price

    A competitive Dutch tender system and favorable site conditions were key to DONG Energy’s record-low bid strike price of 72.7 euros per MWh for the Borssele 1&2 offshore wind projects, but the Danish utility likely beat other bidders by revving up efforts to maximize its energy production, optimize its operating costs and by securing lower-cost financing, industry experts said.

  • Turbine suppliers offer longer service contracts, cut O&M charges

    Wind turbine manufacturers are responding to greater operations and maintenance (O&M) competition with longer maintenance contracts and lower service charges, experts told Wind Energy Update.