EU ramps up pressure on China’s green tech with wind probe
The European Union ramped up pressure on Chinese clean-tech investments potentially squeezing out its local suppliers amid EU efforts to transform the bloc into a green economy.
The European Union ramped up pressure on Chinese clean-tech investments potentially squeezing out its local suppliers amid EU efforts to transform the bloc into a green economy.
Macquarie Asset Management (ASX:MQG) is making a $50 billion bet on offshore wind after sidestepping a perfect storm of low power prices and cost inflation that forced many competitors to walk away.
China’s wind turbine manufacturers dominated global supply last year, riding the nation’s renewables installation boom as a contraction in the US and meager growth in Europe dented overseas competitors.
Growing up in a poor village in the mountains of central Taiwan, Robert Tsai would have to walk more than two hours to bring buckets of clean drinking water back to their family home.
OEG achieves "milestone" goal of even split in revenues between renewables and offshore oil and gas
In February 2022, it said it was terminating the contract. Sapura complained that it had been misled about the state of the soil at the Yunlin offshore wind farm site.
“There’s a twofold question for wind turbines of a larger nameplate capacity. Can they be installed? And what is a long-term sustainable market?”
OEG Renewables is continuing its expansion into the Asia-Pacific renewables markets, with further opportunities beckoning in Japan and South Korea
Synera Renewable Energy Group, a Taiwan-based offshore wind developer, is in talks over potential deals across Asia as it seeks to diversify beyond its home market.
Danish start-up Continuum has developed a world-first method of recycling wind turbine blades into composite building materials, and the company could potentially base its first factory in Scotland.
Scotland’s Cairn Risk Consulting and Horizon Ocean Management have signed a Memorandum of Understanding (MOU) to assess risks in the Japanese offshore wind market.
A Mitsui official, Ryo Zushiden, said the Hai Long project was one of the company’s “most important investments in the renewable energy sector”.
Xinjiang Goldwind Science & Technology Co., the largest wind-turbine maker, said profit plunged as a price war continues to offset some of the benefits of China’s surge in clean energy investment.
The European Union launched a wind power package on Tuesday to counter the growing influence of China and spur its own industry, as the bloc focuses more firmly on China as the biggest threat to its clean-tech industry.
“This is a fundamental shift in our approach towards gas procurement, but we believe that this is necessary to create a more stable and secure power system that will ultimately benefit the consumers and also the gencos themselves,” he explained.
Ørsted has picked a local venture of heavy lift specialist Mammoet to support development of its major Greater Changhua wind projects off Taiwan.
DEME will use the vessel, via a joint venture with shipbuilder CSBC, to install wind farms offshore Taiwan. Construction of the Green Jade was a first for Taiwan.
A pragmatic approach based on alliances with established European contractors is the best way to learn quickly.
Orsted's £8bn Hornsea Three wind farm is a prime example, and a number of others globally have been "re-shuffled and refocused."
Gray Whale 3 will be 60-70 km offshore the port of Ulsan. It is one part of a three phase development, which will have total capacity of 1.5 GW.
Ørsted has taken a final investment decision (FID) on the 920 MW Greater Changhua 2b and 4 offshore wind farms in Taiwan.
DNV has been brought on to assist Korea Electric Power Corporation (KEPCO) in developing a grid plan for a massive expansion of offshore wind.
Oil giant BP (LON: BP) has formed a joint venture with Deep Wind Offshore to develop offshore wind opportunities in South Korea.
The first phase of the plan is for a 500 MW wind power project, possibly including battery storage.
Rovco has agreed a new partnership with Horizon Ocean Management (HOM) that will see the pair provides services for the growing offshore wind market in Japan.