Cadeler Inks Turbine Installation Deal for Taiwan's Offshore Wind Farm
Cadeler announced that it has signed a firm contract with Synera Renewable Energy (SRE) for the transportation and installation (T&I) of 35 Siemens Gamesa 14MW wind turbines at the Formosa 4 Offshore Wind Farm in Taiwan. The project will be executed by one of Cadeler’s next-generation M-class wind turbine installation vessels.The T&I operations are set to commence in March 2028 and will last approximately 150 days. The revenue from this contract to Cadeler is projected to be between…
Hanwha Ocean Floating Turbine Receives ABS Approval
ABS issued approval in principle (AIP) to Hanwha Ocean for its new design of a semisubmersible-type floating offshore wind turbine.The design, named WindHive 15-H3, supports 15-megawatt (MW) turbines on three hexagonal columns. ABS completed design reviews based on class and industry requirements.“Floating offshore wind power is set to play a critical role in the world’s future energy landscape, and we are proud to collaborate with industry leaders like Hanwha Ocean on innovative solutions that are focused on advancing safety at sea…
Siemens Gamesa Talks European Production with Chinese Rare Earth Suppliers
Wind turbine maker Siemens Gamesa is in talks with Chinese suppliers of rare earth permanent magnets about the possibility of bringing production to Europe, in a bid to cut the region's reliance on imports after curbs on supplies from China.Delays in Chinese rare earth export permits have caused European car makers and their suppliers to scramble for alternatives in a market that is dominated by the world's No. 2 economy, threatening production stops across the continent.The wind sector also depends on rare earths processed in China…
Vestas: US Import tariffs Will Raise Domestic Electricity Prices
President Donald Trump's import tariffs will ultimately result in higher electricity prices for U.S. consumers, wind turbine maker Vestas warned on Tuesday, adding it could not absorb the extra costs.Wind turbines include components and materials sourced globally, making the sector vulnerable to potential impacts from international trade tariffs."Ultimately, the tariffs will go in and be part of an increased cost to the projects and therefore it will lead to an increased price in electricity…
GBM Works' New Tech Challenges Noise Pollution in Wind Turbine Installation
GBM Works has made progress with the development of its Vibrojet technology, designed to address noise pollution affecting marine life during the installation of foundation piles by using vibrations and water jetting, instead of traditional piling methods.In collaboration with MSA-Service and their data acquisition platform, multiped, the first large-scale tests of the technology are currently underway. The core of this technology, as GBM explains, lies in the application of water and vibrations. "Instead of forcefully hammering a pile into the seabed, we use water and vibrations.
Cadeler Reports Strong Results, Outlook
Cadeler A/S published its interim financial report for the first half of 2023 presenting a positive result exceeding the guidance projected for the fiscal year 2023. Revenue in the first six months of 2023 was EUR 68 million, which is an increase of 57% against the same period last year. Adjusted EBITDA for the first half of 2023 was EUR 44 million, which is a EUR 21 million increase compared to the same period last year. EBITDA for H1 2023 was EUR 42 million. Profit for the period is EUR 29 million, which is EUR 19 million higher than the same period in 2022.
