First Offshore Wind Farm Planned in Chile; Mingyang to Set Up Shop in Italy

Another dynamic week in offshore wind! Taiwan and three US states are processing their latest capacity allocations, and Azerbaijan and Chile are seeing the first concrete offshore wind steps being taken. In the wind turbine market, new developments in Europe with EIB kicking off activities to provide a boost to manufacturers as Mingayng enters a deal with the Italian government and developer to produce wind turbines in Italy. Catch up on all this in our recap! ??

Taiwan Allocates 2.7 GW of Capacity to Five Offshore Wind Projects, ?rsted Not on List

Taiwan’s Ministry of Economic Affairs (MOEA) has released the list of the projects awarded capacity in the latest offshore wind tender round. Five projects have been selected, totalling 2.7 GW in generation capacity.

The projects are the 700 MW Youde (Shinfox), the 800 MW Formosa 6 (Synera Renewable Energy), the 600 MW Fengmiao 2 (Copenhagen Infrastructure Partners), the 360 MW Formosa 3/Haiding 1 (Corio Generation and TotalEnergies), and the 240 MW Deshuai (Enervest).

The bidding rankings announced on 9 July listed six developments, the five mentioned above and ?rsted’s Greater Changhua Northeast, which is now not among the projects that were allocated capacity.

Results of First US Multi-State Offshore Wind Solicitation Postponed as Federal Gov’t Grants USD 389 Million for Transmission Upgrades

The US states that launched the country’s first multi-state offshore wind solicitation last year have pushed back their bid selection deadline(s) by one month. The move comes after the US Department of Energy (DOE) granted funding to New England states for investment into the regional electric infrastructure, including transmission system upgrades to connect offshore wind energy to the New England grid.

Commenting on the federal grant and the deadline postponement, Sam Salustro, vice president of strategic communication at Oceantic Network, said that transmission upgrades were a critical component to building out a resilient and sustainable offshore wind network across the Northeast.

“New projects will require more transmission capacity, and this short extension will allow both bidders and states to take this new development into their planning process,” Sam Salustro said in a statement to offshoreWIND.biz .

Azerbaijan Starts Measuring Offshore Wind Resource

Azerbaijan will soon start wind measurement campaigns to assess offshore wind resources at two locations, according to a recent update from the Azerbaijan Renewable Energy Agency (AREA), part of the country’s Ministry of Energy.

On 2 August, AREA said that work on starting measurements was about to be completed, with two LiDARs deployed at designated areas.

The wind measurement campaigns are being carried out in accordance with the “2022-2026 Socio-Economic Development Strategy of the Republic of Azerbaijan”, which contains an action point on researching the offshore wind energy potential and implementing preparatory measures to utilise that potential.

Newly Established Consortium Unveils Plans for 960 MW Floating Wind Project in Chile

A recently launched UK-based renewable energy developer 17 Energy and a Chilean company SC Power have established a consortium with a plan to build a floating offshore wind farm with an installed capacity of 960 MW.

The floating wind farm, named Viento Azul Biobío (VAB), is proposed to be built off the coast of Chile’s Biobío Region and have 64 floating wind turbines with a nominal output of 15 MW per unit for a total generation capacity of 960 MW.

South Korea to Launch Offshore Wind Tender in October, Two More After That Under New Roadmap

South Korea will launch the first in a series of offshore wind tenders this October and (at least) two more until the first half of 2026, according to an Offshore Wind Power Competitive Bidding Roadmap the country’s Ministry of Trade, Industry and Energy (MOTIE) unveiled on 8 August.

The tenders from 2025, initially planned to be held in the fourth quarter of each year, are now moved to the second quarter of each year. A notice of an additional tender will be released in the fourth quarter of each year if needed.

Under the new roadmap, the government plans to auction a total of 7-8 GW of offshore wind capacity from the second half of 2024 to the first half of 2026.

EIB’s EUR 5 Billion Wind Initiative Begins with Deutsche Bank Partnership

The European Investment Bank (EIB) has initiated a EUR 5 billion programme to support the wind energy sector, starting with a EUR 500 million counter-guarantee to Deutsche Bank.

The transaction is said to enable Deutsche Bank to set up a portfolio of up to EUR 1 billion of banking guarantees for new wind energy investment in the EU and initiate private investments of up to EUR 8 billion.

Deutsche Bank will use this EIB’s backing to provide banking guarantees to wind energy manufacturers to enable them to receive advance payments and to provide performance guarantees when taking on new wind projects.

The guarantee scheme also allows manufacturers to pay their suppliers in advance for the supply of wind farms and the related wind value chain components, which include turbines, grid connection infrastructure, cables, and transformer stations.

Spain’s Haizea Gets EUR 35 Million Green Loan for Wind Turbine Manufacturing

Spain’s Haizea Wind Group has secured a EUR 35 million green loan from the European Investment Bank (EIB) to enhance manufacturing technologies and research and development (R&D) for wind turbine components.

Announced on 2 August, the loan will enable the Spanish company to implement advanced manufacturing technologies, automate and digitalise processes, and move forward with R&D applied to the manufacture and assembly of large metal structures for wind turbines such as towers, monopile foundations, and offshore wind farm transition pieces (TPs).

Mingyang Enters Deal with Renexia, Italian Gov’t to Set Up Shop in Italy; 18.8 MW Offshore Wind Turbines Planned for Large-Scale Mediterranean Project

Renexia, Mingyang Smart Energy and Minister Adolfo Urso from the Ministry of Enterprises and Made in Italy (MIMIT) have signed a memorandum of understanding (MOU) that will see the Chinese OEM producing wind turbines in Italy and supplying 18.8 MW wind turbines for Renexia’s Med Wind floating wind farm.

The agreement includes a EUR 500 million investment to establish a new company that will manage the production of wind turbines in Italy.

The company will initially focus on producing key components for the Med Wind project, the largest floating offshore wind farm in the Mediterranean, according to Renexia, which revealed plans to use Mingyang’s 18.8 MW turbines.

Visit offshoreWIND.biz for more news and our sibling news site Offshore Energy for updates from the wider offshore energy sector.

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