Cost crunch prompts mass rethink of US offshore wind contracts

Sep 13, 2023

Squeezed by rising global supply costs, offshore wind developers are seeking new power contract terms on at least ten East Coast projects in a further blow to President Biden's climate targets.

Continue Reading

Offshore

California's floating wind lead threatened by fast-rising Maine
Sep 13, 2023

California is likely to miss its 2030 floating wind target due to supply and grid risks while pragmatic investments and state legislation are boosting Maine's outlook.
RWE wins Gulf of Mexico lease as bidders stay away; Offshore wind developers shun UK auction
Sep 13, 2023

The wind power news you need to know.
US unveils Oregon floating wind areas; FERC implements faster grid connection rules
Aug 30, 2023

The wind power news you need to know.
Grid failings threaten US climate goals; Maine approves law for 3 GW floating wind
Aug 2, 2023

The wind power news you need to know.
Louisiana poised to spearhead offshore wind in Gulf of Mexico
Jul 19, 2023

Developers are in negotiations with the state of Louisiana over nearshore projects that could be completed faster than projects in federal Gulf of Mexico waters.
Spain hikes wind, solar targets; Maine Governor blocks offshore wind bill
Jul 5, 2023

The wind power news you need to know.
Offshore wind in Europe needs urgent factory aid to hit targets
Jun 21, 2023

Europe must urgently expand offshore wind factories to supply larger turbines and EU support mechanisms must go further to minimise cost increases, industry officials said.
US to cut federal land rates for renewable energy; UK opposition party pledges to unlock onshore wind
Jun 21, 2023

The wind power news you need to know.
US East Coast floating wind farm offers springboard for growth
Jun 7, 2023

The 144 MW project in Maine will generate local performance data that propels large-scale floating wind deployment, if it passes environmental tests.
Ireland's offshore wind prices beat forecasts despite supply risks
Jun 7, 2023

Price indexation and curtailment payments spurred competitive bids in Ireland's first offshore wind auction but supply chain and permitting risks lay ahead.
US set to lease offshore wind in Gulf of Mexico; Portugal to auction 1 GW floating wind
Jun 7, 2023

The wind power news you need to know.
U.S. Treasury clarifies local content bonus; California grid agrees $7.3 billion of new power lines
May 24, 2023

The wind power news you need to know.
Spain urged to expedite laws or risk missing floating wind target
May 10, 2023

Spain needs new regulation for floating wind permits and auctions within months to meet its target of 3 GW by 2030, industry officials warn.
U.S. offshore wind pipeline swells to 51 GW; Federal bureau calls for projects in Gulf of Maine
May 10, 2023

The wind power news you need to know.
Europe targets 120 GW offshore wind by 2030; US wind pledges create thousands of jobs
Apr 26, 2023

The wind power news you need to know.

Pages

Latest Reports (Wind)

*Research note* Wind Energy Operations & Maintenance Costs

Long term contracts have led to a higher cost profile for asset owners and contracted asset owner, due to the “partial wrap” or “full wrap” component warranty for blades, gearboxes, and generators. However, the global COVID-19 pandemic has had some material impacts on this trend with OpEx budgets that were rapidly slashed. Has this affected you?
*Research Note* Wind Turbine OEMs: Reducing your bill of materials cost opens new markets

One of the most important tools they have to open new market is to reduce the bill of material costs. Drawing on an example from Nordex Acciona, the following research note takes a look at their global product sales pipeline, bill of materials reduction trends, global turbine price trends as well as buying patterns.
*Research Note* Global offshore wind energy market & commercial outlook

The global offshore wind energy market is undergoing a period of explosive growth. The market could grow to a total of 584GW installed if the industry finds a way to unlock the US $1.432 trillion in investment required to develop the proposed capacity additions.
*Research note* Offshore wind energy technology & supply chain outlook

Facing a period of tremendous growth, the offshore wind energy sector must continue to expand the supply chain to gain maximum global leverage and fulfil its potential. Understanding technology growth patterns and how to position yourself in this changing market landscape will be critical.