Offshore wind farms will generate less electricity than expected because turbines slow wind speeds more than had been forecast, the world’s biggest offshore wind developer has warned. Shares in Orsted, which is majority-owned by the Danish government, dropped by 7.4 per cent to DKr577 after it cut its long-term financial forecasts on the back of what it said was likely to be an “industry-wide issue”. Turbines and entire wind farms may be a greater brake on wind speeds than expected, to the detriment of neighbouring turbines and projects, the company claimed. Orsted, the former Dong Energy, has built more offshore wind farms than any other group. It owns eleven sites in British waters and is building two more: Hornsea One, already the world’s biggest, and Hornsea Two, which will take the title when it is completed. It also has projects elsewhere in Europe, in the United States and in Taiwan.
Times 30th Oct 2019 read more »
FT 30th Oct 2019 read more »
Scotland’s offshore wind sector would increase eightfold under “bold plans” put forward by a new group – building enough capacity to power every household in Scotland twice over. The Scottish Offshore Wind Energy Council – which launched yesterday – also aims to lead and support the industry, boost the local content of projects and increase jobs in line with the sector deal signed between industry and the UK Government in March.
The National 29th Oct 2019 read more »
The Scottish Government and the country’s offshore wind industry have teamed up to launch the Scottish Offshore Wind Energy Council to support development of 8GW of offshore wind power by 2030.
Infrastructure Journal 29th Oct 2019 read more »
The Scottish Offshore Wind Energy Council (Sowec) counts industry groups, offshore wind developers, energy suppliers, innovation and research specialists and Scottish government representatives among its members. Its aims to increase Scotland’s offshore wind fleet more than eight-fold to at least 8GW and boost offshore wind jobs in Scotland by more than 75% to at least 6,000. It will also support increasing local content to 60% in line with targets specified under the UK’s Sector Deal agreed between industry and the government earlier this year. The council will focus on project development in two offshore wind clusters off Scotland’s east coast set up as part of the Sector Deal.
Windpower Monthly 29th Oct 2019 read more »
Eye-watering £59bn set to be invested in East Anglia’s offshore wind sector. By 2040, vast sums will have been invested in wind farms in the North Sea around East Anglia, energy experts predict. Speaking at an energy seminar organised by Tendring District Council, senior figures from the sector told delegates that there were “big” opportunities for business from the fast-growing sector. Over the next 21 years, £59.4bn worth of capital investment will be poured into the offshore energy in the eastern region, and by 2025, £1.3bn a year will be invested in offshore wind. By 2030, offshore wind will provide 35% of the UK’s energy as it moves towards a low carbon future.
East Anglian Daily Times 29th Oct 2019 read more »
Offshore wind to become a $1 trillion industry. Offshore wind power will expand impressively over the next two decades, boosting efforts to decarbonise energy systems and reduce air pollution as it becomes a growing part of electricity supply, according to an International Energy Agency report published today.Offshore Wind Outlook 2019 is the most comprehensive global study on the subject to date, combining the latest technology and market developments with a specially commissioned new geospatial analysis that maps out wind speed and quality along hundreds of thousands of kilometres of coastline around the world. The report is an excerpt from the flagship World Energy Outlook 2019, which will be published in full on 13 November. The IEA finds that global offshore wind capacity may increase 15-fold and attract around $1 trillion of cumulative investment by 2040. This is driven by falling costs, supportive government policies and some remarkable technological progress, such as larger turbines and floating foundations. That’s just the start – the IEA report finds that offshore wind technology has the potential to grow far more strongly with stepped-up support from policy makers.
London Loves Business 29th Oct 2019 read more »