Danish offshore wind developer Orsted has successfully generated first power from the Greater Changhua 2a offshore wind project in Taiwan. Significantly, the development is the largest of its kind offshore Taiwan and Orsted’s first large-scale offshore wind farm in Asia Pacific.
The Philippines could get nearly one-fifth of its power from offshore wind by 2040 under a high-growth scenario that would deliver 21GW of capacity, according to the latest study from the World Bank. However, numerous challenges need to be overcome to realise this commercial potential.
Japan’s Mitsui has agreed to make an investment in a large-scale 1.3GW renewable energy project that India’s ReNew Power is developing.
Technip Energies will carry out a front-end engineering and design (FEED) work for Equinor’s floating offshore wind Firefly project in South Korea.,
Oil and gas giant BP has launched a new joint venture aimed at making inroads into the burgeoning Japanese offshore wind market.
Japan's Mitsubishi is confident that the three offshore wind projects it won last year in auctions will be profitable despite the low feed-in tariff prices it bid, the head of its energy solutions unit told Reuters.
Aker Offshore Wind and Mainstream Renewable Power have closed a deal that will see them take an initial 50% ownership stake in Progression Energy’s 800 MW floating offshore wind project in Japan.
Japanese shipping company Mitsui OSK Lines (MOL), Toho Gas and Hokuriku Electric Power, will buy a 25% share in the 128 MW Formosa I offshore wind project in Taiwan from Macquaries’ Green Investment Group, which is exiting the country’s first utility-scale offshore wind farm.
Scottish Development International (SDI) will lead Scotland’s largest ever offshore wind trade mission to Taiwan this month. A delegation of 16 Scottish companies specialising in offshore wind project development, construction, installation, operations, and maintenance will take part in Wind Energy Asia, Taiwan’s leading wind industry supply chain trade show. It will be held at the Kaohsiung Exhibition Centre from 9 to 11 March, where Scotland will have a pavilion for the first time.
The deal volume for renewable energy assets in Asia more than tripled to $13.6 billion in 2021, as the number of transactions surged by 53% year-on-year to 75. Significantly, large corporate mergers in the solar energy sector fuelled the considerable increase in value, reported Enerdatics, a research company.
Germany’s RWE and India’s Tata Power are teaming up to explore the potential development of offshore wind projects in India. Significantly, India remains an unexplored and highly attractive market for offshore wind given its large coastline of 7,600 kms.
Subsea opportunities will be plentiful in Asia Pacific over the coming years as international oil companies (IOCs) and national oil companies (NOCs) advance a backlog of projects, while offshore wind developers accelerate activity across the region.
A Mitsubishi-led consortium has dominated Japan’s first-ever fixed-bottom offshore wind auction with record-low prices. The results surprised the industry, but European know-how will still be needed to make the nascent sector a success in Japan.
Ørsted has signed memoranda of understanding (MoUs) with two South Korean utilities which would see the companies collaborate on a proposed 1.6GW offshore wind project.
Spain’s Iberdrola is eying five early-stage offshore wind projects in the Philippines as part of its ambitious push to expand its footprint in the Asia Pacific region.
Offshore wind developer Enterprize Energy and the Vietnamese Institute of Energy have teamed for a study assessing “green hydrogen’s potential to supercharge Vietnam’s energy capabilities.”
Japanese exploration and production company Inpex (TYO:1605) is expanding its footprint in offshore wind after acquiring shares of an offshore wind power generation company in the Netherlands. It has also established a UK-based renewable energy division to focus on Europe.
Vietnam is leading the pack in Southeast Asia for wind power installations with 3.98GW installed as of October, up from 103MW in 2020. The country now ranks among the global top ten markets for installed wind power capacity, even though its offshore sector has yet to lift off.
Singapore’s Keppel Offshore & Marine (Keppel O&M) has signed a global framework agreement with giant offshore wind developer Orsted to potentially undertake future offshore substation (OSS) projects.
The Scottish government is committed to expanding the Scotland-Vietnam relationship as the power-hungry Southeast Asian nation hopes to expand its nascent offshore wind sector. Significantly, there will be increasing opportunities for Scottish companies as Vietnam eyes offshore wind development in deeper waters.
Vietnam has won a key deal to build two substations for the Hai Long offshore wind project in Taiwan. The contract award, announced today, marks the largest offshore substation deal for a Taiwanese project to date, and the first in Vietnam.
The nascent offshore wind market in the Philippines, which is Southeast Asia’s second most populous country, offers exciting opportunities for foreign investors, particularly experienced UK companies.
China, which is on track to overtake the UK and become the world’s largest offshore wind market, offers niche opportunities for experienced Scottish companies.
Vietnam is poised to be the leading market for offshore wind in Southeast Asia this decade, but a new report warns the power-hungry country has a hit a crucial crossroads in its energy system planning.
India’s richest man, Mukesh Ambani, who has run one of the world’s largest petroleum businesses for over two decades, yesterday announced that his company Reliance Industries, will invest 750 billion rupees ($10 billion) towards clean energy solutions over the next three years.