The offshore wind sector needs more sustainable approaches to risk management and insurance in order to respond to a global changing risk profile of technical and supply chain issues, alongside natural catastrophe and extreme weather, according to renewable energy insurance provider GCube Insurance.
Sunrise Wind was selected from New York State Energy Research and Development Authority (NYSERDA) to negotiate a 25-year offshore wind renewable energy certificate (OREC) for an offshore wind farm with a capacity of 880MW. The wind farm will begin operations from 2024, according to the plan.
Bureau Veritas is the new member of the International Windship Association (IWSA) to assist in the development of various renewable solutions. BV’s addition is expected to boost IWSA’s development with the establishment of regional wind propulsion ‘centres of excellence’ or ‘hubs’ around the world.
Hydrogen production is often presented as the default option for using surplus electricity from renewable generation. However, there is an investment merit order for coping with surplus electricity, said DNV GL in a new paper, highlighting that hydrogen is expected to play a significant role in the future European energy system.
Equinor, Korea National Oil Corporation and the Korean power company Korea East-West Power have established a consortium to develop the floating offshore wind project Donghae 1 off Ulsan in South Korea. The consortium is now starting the development of a 200MW floating wind farm, which will be located near to the KNOC-operated Donghae natural gas field off the coast of Ulsan in South Korea.
ABS cooperated with MARIN on a Joint Industry Project (JIP) to conduct a research on transparent and validated methods to assess performance of wind-assisted shipping propulsion technologies.
A.P. Moller Holding, which controls Danish shipping giant A.P. Moller-Maersk, informed that it will buy Danish wind turbine supplier KK Group, making its first step entering into the renewable energy industry. The acquisition is now subject to approval from the relevant Danish and German authorities, and is expected to be finalized in the third quarter of 2019.
The Port of Rotterdam published a video focusing on the solar panels that are the port’s most sustainable energy sources, highlighting the importance of renewable energy and the sustainable development that will follow.
French maritime company Louis Dreyfus Armateurs (LDA) Group is the latest member of the IWSA. As the firm commented ‘The need to reduce fuel costs and future proof vessels in preparation for decarbonization costs is growing and the embrace of technology solutions that can deliver double digit savings for retrofit installations and significantly higher savings for optimised new builds makes a lot of sense.’
WindEurope, Cefic (the European Chemical Industry Council) and EUCIA (the European Composites Industry Association) have created a cross-sector platform to advance novel approaches to the recycling of wind turbine blades. Today, 2.5 million tonnes of composite material are used in the wind energy sector.
Amendments related to the IBC Code23/08/2019
Key requirements from the BCH Code amendments23/08/2019
- Loss Prevention
Lessons learned from fire due to faulty mobile phone charger23/08/2019
Pointe-Noire terminal in Sept-Îles to improve its infrastructure23/08/2019
Port of Vancouver to strengthen resilience to climate change23/08/2019
Port of Hamilton's capacity to increase23/08/2019
Canada fines vessel for breaching speed restriction in Gulf of St. Lawrence23/08/2019
Watch: Vopak Terminal Botlek well underway23/08/2019
JAXPORT records its best ever July for container volumes23/08/2019
Two new dual-fueled tankers using methanol join the Methanol Institute23/08/2019