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This project isn’t just a first for Vårgrønn; it’s a first for the industry. We’re proving what’s possible in floating offshore wind and setting a new standard for innovation.   Our CEO, Stephen Bull OBE, is today featured on the Uptime Wind Energy Podcast discussing the pioneering Green Volt floating offshore windfarm, which we are developing alongside our partner Flotation Energy. Based off the Northeast coast of Scotland, Green Volt is the first major commercial floating wind development in Europe and will act as a springboard for the floating wind supply chain, stimulating investment and helping accelerate the development of more windfarms.   Watch the episode below to hear Stephen’s views on what makes Green Volt so unique ⤵️   #FloatingWind #FloatingOffshoreWind #RenewableEnergy Weather Guard Lightning Tech Allen Hall

What's the value of appropriate ground models?

Some spots left for the 2-day international course “Monopile foundations for offshore wind turbines”. Register now via PAO (info below).

Japan is reportedly seeking to raise its domestic procurement goal for offshore wind farms to roughly 70% in 2040 from the current 60% in a bid to build up the local supply chain with foreign investment. #offshorewind #Japan #supplychain

Insightful?

Salvation or imminent project cancellations in #Japan? Last week, Ministry of Economy, Trade and Industry published the revised guidelines for #offshorewind auctions. This includes a revised price evaluation mechanism that considers a combination of #price competitiveness and economic #feasibility of projects, and a price adjustment scheme that could cover up to 40% of capital cost increases based on average prices in the auction year. The revision comes as the Mitsubishi Corporation-led consortium, which swept round 1 in #Japan, announced that they are reviewing the business plan for the three Round 1-projects after significantly changed economic environment. From April-December 2024, the consortium partner Chubu Electric Power Co., Inc. reported an 18bn JPY loss on the three projects. In 2021, the consortium won with extremely low strike prices compared to the other bidders, but project economics does not seem to add up. Question is now whether the Japanese government will make the new #priceadjustment scheme available to the troubled projects to avoid cancellations? However, this could also tempt others to bid in low in future rounds with an expectation to be bailed out at a later stage. My colleagues Matthew Delany and Sebastian Kæmpe Hansen will participate in #WindExpo2025 and the Asia Wind Energy Association's OSW Day in Tokyo in few weeks - please reach out if you want to discuss or hear more on Aegir Insights' offerings. #APAC #AsiaPacific #Japan #marketintelligence

Last November, we have been #prequalified for the #offshore #wind #tender #AO9 in #France, together with our partner Ingka Investments. This is the 1st multi-area and multi-GW tender in France since AO1 which was launched in 2011. Looking forward, this tender is the prefiguration of #AO10 to be launched later this year for a total of 8.4 to 9.2 GW. ➡️ What is exactly this tender AO9 about? 2,300 MW to 2,900 MW #capacity of offshore wind projects in 4 #zones: 🔷 400-550 MW in South Britanny 🔷 1,000-1,250 MW in South Atlantic 🔷 450-550 MW off the coast of Occitanie 🔷 450-550 MW off the coast of Provence-Alpes-Côte d’Azur The projects will use #floating wind technology, apart from the South Atlantic zone which could be #bottomfixed or floating wind. #Timing: Following the announcement of the prequalified bidders, the competitive dialogue between the candidates and the French authorities has started. The tender specifications will be finalised so that the applicants can present their best projects. The French authorities will then announce the successful nominee by the end of the year. More information on the different zones and the tender can be found here: https://lnkd.in/eig6e4ui  

We are delighted to contribute to the global discussion on Offshore Wind Energy. Michele Scoppio, CEO of Hope Group, speaks with Strategic Energy Europe about Italy’s opportunities in offshore wind and much more. Enjoy the read!

🌊 OFFSHORE WIND HEARTBEAT📢💨 🔹 Summary of the latest offshore wind developments 1️⃣ Macquarie sells 26% stake in Taiwan’s Formosa 2 (376 MW) - Buyer & partners: Pine Wind Power acquires the stake with backing from Taiwan Life Insurance and He Jun Energy. - Asset details: 47 Siemens Gamesa 8 MW turbines have been operational since March 2023, supplying power to 380,000 homes. - Strategic impact: First operational offshore wind investment for J&V Energy, reinforcing Taiwan’s energy transition. 2️⃣ Inch Cape (1.1 GW) secures financing and moves to offshore construction - Project financing: ESB & Red Rock Renewables secure GBP 3.5 billion investment from 22 banks. - Technical scope: 72 Vestas V236-15.0 MW turbines; single offshore substation; two 85-km AC export cables. - Timeline: Offshore works begin Q2 2025, first power in late 2026. 3️⃣ Trump administration's executive order continues to impact U.S. offshore wind development - Policy shifts: Ban on new federal offshore wind leases and regulatory reviews of approved projects. - Industry concerns: Legal challenges expected; market uncertainty may impact investment decisions. - Impact scope: ~14 GW of permitted projects remain unaffected, but delays could disrupt supply chains. 4️⃣ PGE & Ørsted confirm final investment decision on 1.5 GW Baltica 2 - Project scale: Part of Poland’s largest offshore wind farm, expected to power 1.5M+ homes. - Major contracts: All key supply chain and installation agreements secured. - Commissioning goal: Full operations targeted by 2027. 5️⃣ Nordlicht offshore wind cluster (1.6 GW) advances with key supply deals - Developer & partners: Vattenfall & BASF award contracts to EEW SPC, CS Wind Offshore, DEME, and Jan De Nul. - Construction scope: 112 monopiles, 196 km inter-array cables, Vestas 15 MW turbines. - Schedule: Construction begins in 2026, and full commissioning is expected by 2028. 6️⃣ Coastal Virginia Offshore Wind (CVOW) reaches key infrastructure milestone - Progress update: First offshore substation arrives at Portsmouth Marine Terminal. - Project scale: 176 turbines, powering ~660,000 Virginia homes. - Next steps: Full commissioning expected by 2026. 7️⃣ Industry leadership and policy changes shape offshore wind outlook - Ørsted leadership shift: CEO Mads Nipper replaced by Rasmus Errboe amid market uncertainties. - Denmark’s policy shift: 3GW offshore wind tenders halted as government redesigns subsidy models.

🇩🇪Germany to Tender 12 GW of Offshore Wind in Four Years Germany is ramping up its offshore wind expansion with a new Site Development Plan 2025, paving the way for 12 GW of offshore wind tenders over the next four years. This aligns with the country’s ambitious targets of 40 GW by 2035 and 70 GW by 2045. The plan, published by the Federal Maritime and Hydrographic Agency (BSH), identifies new development areas in the North Sea, while no additional areas were added for the Baltic Sea in this update. By accelerating offshore wind deployment, Germany is taking a decisive step toward greater energy independence and security, reducing reliance on fossil fuel imports. #OffshoreWind #RenewableEnergy #Germany #EnergyTransition https://lnkd.in/dH3ArH_J