Germany and the Netherlands have recently issued the results of their latest offshore wind auction. They awarded a total capacity of 6.5 GW. That’s good for Europe’s energy transition. But the auction design in both countries included negative bidding.
An ambitious underwater road and rail tunnel is currently under construction in Europe that will link Germany and Denmark. Named the Fehmarnbelt tunnel, it will cross an 18-km (roughly 11.2-mile) stretch of the Baltic Sea.
The objective of this research project is to reduce the costs associated with the maintenance of floating wind turbines by performing these operations directly at sea.
The turbine type V236 with a nominal output of 15 MW is currently the most powerful offshore turbine available on the market. From 2028 the Nordlicht wind park will be able to produce electricity for the equivalent of 1.6 million households.
The artificial energy-island represents an important milestone in Belgium and Europe's transition to renewable energy and is crucial for the integration of energy systems.
Equinor expect 4-8 per cent real base project returns for its early phase CO2 storage business, and further value uplift potential when commercial markets are developed.
In 2023, despite the macroeconomic challenges faced by the sector in some key markets, the wind industry installed 10.8 GW of new offshore wind capacity, taking the global total to 75.2 GW.
