Offshore Wind Industry Poised for Growth, but Economic Pressures and Tech Innovation Need to Be Managed
Speed of build-out is creating pressure on materials and supply chains, port infrastructure, and available construction and maintenance vessels. Bigger turbines and new technology drive bigger exposures for insurers which need to be understood in partnership with developers.
Wind power decreases global carbon dioxide emissions by about 1.1 billion tons annually and is gaining popularity as an energy source. As many countries ramp up their offshore wind production, there is a mounting need for durable underwater batteries.
The globalisation of offshore wind means that regions including the US and Asia are seeing a rapid take-off of infrastructure installation, with government goals to deploy a set number of gigawatts (GW) within a given timeframe.
Floating offshore wind will be key to delivering cost-effective renewable energy to consumers. Equinor is leading the way in developing this technology with Hywind Tampen, the largest floating wind farm to date.
Environmentalists and marine professionals recognize a significant limitation with offshore wind farm expansions. Namely, ships are experiencing more frequent collisions. Wind farms are interfering with vessels' radar systems and creating safety challenges.
Transitioning to clean wind energy could become more cost-efficient as Purdue University researchers test a new technology created by an international startup to anchor offshore wind turbines.
The technology increases efficiency, cuts acreage use by 80% and reduces production costs, which will enable floating offshore wind to produce electricity at bottom fixed prices.
This paper will review recent advancements in wind energy over the last two to three years, with specific focuses on improving wind energy harvesting, offshore wind turbine foundation designs, and decreasing turbine fatigue.
The U.S. Department of Energy and the White House have made offshore wind a centerpiece of plans to strengthen the nation's energy infrastructure, announcing a goal to deploy 30 gigawatts of offshore wind by 2030-a huge leap from the 42 megawatts currently in operation.
VINEYARD WIND RECEIVES RECORD OF DECISION FOR FIRST IN THE NATION COMMERCIAL SCALE OFFSHORE WIND PROJECT
Federal Milestone will Launch Offshore Wind Industry and Bring Thousands of Jobs, Reduce Carbon Pollution and Lower Costs for Ratepayers
The offshore wind turbine market is anticipated to witness a lucrative growth over the forthcoming years owing to the global shift towards renewable energy and increasing R&D by key market players.
Now, however, many green energy companies are looking toward a new kind of offshore wind turbine that won't need a concrete foundation. This new technology allows a turbine to float instead of sitting on the ocean floor.
Researchers from the University of Sao Paulo are focusing on several aspects of modeling and analysis of offshore wind turbines.
University of Texas at Dallas researcher Dr. Todd Griffith has spent years working on an offshore turbine design that can convert those deep-ocean winds into electricity. Recently, Griffith received a $3.3 million grant from the U.S. Department of Energy to take his technology to the next level.
It is the first of three ABS-classed, SEMI Submersible Type units designed by Principle Power housing MHI Vestas turbines that will make up for a total of 25 MWs of floating offshore wind power.
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SFOne is the 1P single-axis tracker by Soltec. This tracker combines the mechanical simplicity with the extraordinary expertise of Soltec for more than 18 years. Specially designed for larger 72 an 78 cell modules, this tracker is self-powered thanks to its dedicated module, which results into a lower cost-operational power supply. The SFOne has a 5% less piles than standard competitor, what reduces a 75% the labor time.