The HIPERWIND project has developed new design simulation models that reduce the levelized cost of energy by up to 9%, thus making offshore wind turbine construction and operation more cost-effective and reliable.
The work is already in full swing in Korsnäs off the west coast of Finland where one of the most significant industrial projects in the country is in progress.
Trump’s previous comments criticizing offshore wind have dented market sentiment, with shares of companies such as Orsted, the largest offshore wind developer, falling significantly.
On Monday, November 4, the Swedish government announced, to the surprise of many, the cancellation of 13 offshore projects with a total capacity of 32 GW, all located in the Baltic Sea.
Avangrid has secured two lease areas in the auction of sites for offshore wind development in the Gulf of Maine held by the federal Bureau of Ocean Energy Management (BOEM).
