Aegir Insights’ Post

🚀 Germany's Bold Move Towards Offshore Wind Energy Expansion 🌊💨 Some days ago, Germany's Federal Maritime and Hydrographic Agency (BSH) unveiled an exciting draft update for the #OffshoreWind development plan, targeting a monumental expansion of up to 60 GW by 2037 in the #BalticSea and #NorthSea! 🌬️💨 Key Highlights: 🔹 #ExpansionGoals: Aiming to exceed legal targets by 10 GW by 2035, reaching 60 GW by 2037. 🔹 #AccelerationAreas: 36 GW to be built on acceleration areas with streamlined procedures under the EU Renewable Energy Directive. 🔹 #CollaborativeEfforts: Close cooperation with federal bodies and neighboring countries like Denmark and the Netherlands to secure additional offshore areas while maintaining international shipping safety. This plan not only underscores Germany's commitment to #RenewableEnergy but also showcases the power of international collaboration and strategic planning in achieving ambitious sustainability goals. 🌍🌱 At Youwind Renewables we know this is an important milestone to come, so we are working hard for our clients to have access to this information and start analyzing the potential future zones. To read more about this news, visit: https://lnkd.in/dtdDg2am #Sustainability #Germany #EnergyTransition #CleanEnergy #GreenFuture

Who owns offshore wind in the UK? Public ownership of UK power is a thing of the past, yet over half of the offshore wind industry in the UK is public-owned… just not by the UK public.  Many global companies are large owner-operators in the UK wind space, with the Danish and Swedish governments benefiting from their investments in the UK market. However, political parties like Labour and the SNP have previously suggested that UK public ownership could reduce costs and benefit local communities much more than the current private and foreign-owned market does. What do you think? How realistic is this proposal? #OffshoreWind #EnergyJobs #UKEnergy

🌊🌊 We are delighted to see yesterday's release of the Future Framework for Offshore Renewable Energy by the Minister for the Department of the Environment, Climate and Communications, Eamon Ryan. 🌟 Ayesa is proud to be a leading maritime engineering and consulting services supplier to the offshore sector and we fully support this vital step in Ireland's energy transition. Read More here: https://lnkd.in/efsrUBvY This comprehensive strategy not only outlines Ireland's most significant industrial opportunity in decades but also outlines a clear path towards delivering 37 GW of offshore wind by 2050. 🌊💨 🌍🔌The future framework highlights the critical role of ports in this transition and our maritime team is there to guide them every step of the way with a multidisciplinary approach. Looking ahead, we are excited to be part of the sector that will leverage the Atlantic's potential through cutting-edge technology, positioning Ireland at the forefront of offshore renewable developments including wind, wave, and tidal energies. #Ayesa #Ireland #HumanIntelligence #SayHi #OffshoreRenewableEnergy #IrelandEnergyTransition #SustainableGrowth #PortDevelopment #EconomicImpact

The Italian Government has received approval from the European Commission to award two-way Contracts for Difference (CfD) for fixed-bottom and floating offshore wind. The €35.3 billion program for a total of 4.6 GW of new electricity generation capacity is expected to be selected through a bidding process by the end of 2028. “The green light from the Commission is an important step forward towards our energy objectives, which comes after a long and constructive discussion with the European institutions. This long-awaited measure will enable new technologies that are fundamental for decarbonisation,” said Italy’s Minister of the Environment and Energy Security, Gilberto Pichetto. We see this as a very important step in accelerating the development of Italian offshore wind and look forward to continuing to support various projects in that market. The measure helps Italy meet its emission reduction and electricity production targets. It will also contribute to achieving the European Green Deal objectives This announcement helps Italy meet its emission reduction and electricity production targets and contributes to achieving the objectives of the European Green Deal (EGD) - We've included some valuable background on the EGD below from the ESDN - European Sustainable Development Network for those interested. #offshorewind #energytransition #transactionadvisory #northgreencapital

The European Commission has greenlit a €10.82 billion French scheme aimed at bolstering offshore wind energy, a crucial step towards achieving a net-zero economy. This initiative aligns with the State aid Temporary Crisis and Transition Framework (TCTF) and supports the construction and operation of two significant offshore wind farms over the next 20 years... Read more: https://lnkd.in/ePTEcTu3 #OffshoreWind #France #EuropeanCommission

The journey to net zero – an impossible task? Based on current figures and market conditions in the European offshore wind industry, the answer is “yes”. Reaching the 2030 target of 163 GW of offshore wind power requires unrealistic annual growth rates of 25% in capacity and EUR 350 billion of funding in a declining market. Is that it then? Not necessarily. An analysis performed by Implement Consulting Group shows an alternative pathway, where reaching the EU’s long-term goal of 450 GW by 2050 is not only realistic but also comes with the added bonus of saving the European taxpayers EUR 200 billion. Download the full report on our website 👉 https://ow.ly/aqu350RFsVh #renewableenergy #offshore #managementconsulting #implementconsultinggroup 

Wonder what the outlook and impacts will be in #northcarolina? Latest plan is still for NC to have 2.8 GW in 2030 and 8.0 GW in 2040 of offshore wind power. Thoughts?

Is Germany poised to accelerate its offshore wind rollout? 🇩🇪 That is the intention of the country's Bundesamt für Seeschifffahrt und Hydrographie (Federal Maritime and Hydrographic Agency), which has published a draft development plan for how Germany could reach 60GW of installed offshore wind capacity in the North and Baltic Seas by 2037. The BSH said it wanted to identify areas that could benefit from accelerated permitting under the EU Renewable Energy Directive. The plan is open for consultation until 8th August, with a final version due by the end of 2024. Helge Heegewaldt, BSH president, said working with neighbouring countries had enabled it to identify areas for 10GW of additional offshore wind capacity in German waters. He said: "In recent years, together with the other responsible bodies of the federal administration, we have exchanged ideas intensively with our Danish and Dutch neighbours. Our common goal was to gain additional areas for the national offshore expansion targets and at the same time ensure the safety and ease of international shipping." Plan here: https://lnkd.in/eVT8R_5m #offshorewind #Germany #NorthSea A Word About Wind | Energy Storage Report | Tamarindo

Floating Offshore Wind Discussions – Viewpoint of Felipe Cornago Diufaín, Managing Director Offshore Wind at BayWa r.e.   In the ongoing conversation about the #EnergyTransition, floating offshore wind emerges as a crucial player in the battle against #ClimateChange. Its unique ability to tap into markets incompatible with bottom-fixed technologies and unlock areas with higher wind potential positions it as a key solution. However, despite its promise, several challenges hinder the widespread deployment of this next generation of offshore wind.   ❌ The market situation and inflation impact project costs. This should be taken into account especially within auction frameworks. ❌ We need governments to provide clearer criteria and improved transparency, particularly in tender processes. Establishing coherent regulatory frameworks is essential to ensure that effective tenders are not solely based on the highest bid for lease payments but also consider competitiveness and a credible delivery plan from bidders. ❌ One of the biggest hurdles and similar to other #renewable solutions, the #FloatingOffshore wind market faces challenges related to insufficient grid connections.   ✔️ The sector can and must draw further on pre-existing infrastructure and experiences from bottom-fixed offshore technologies.  ✔️ The European Commission's recent unveiling of the European Wind Power Package is a positive step, addressing these challenges through the development of cross-border offshore grids, fast-tracking permitting, strengthening infrastructure, and securing supply chains.   While these measures are promising and anticipated to make strong progress in 2024, time is of the essence ⏳ Visibility – for permitting processes, access rights and grid capacity – is key. Without rapid action, projects will face further delays and the necessary investments won’t be taken.   Floating wind stands as a potential game changer for our future energy system, and we cannot afford to waste any time in realising its full potential.

On 23 May 2024, the Finnish Ministry of Economic Affairs and Employment published its draft for the new Offshore Wind Power Act, legislation aimed at regulating the permitting and construction of offshore wind power within Finland’s exclusive economic zone. In the D&I Alert on our website, our Energy & Infrastructure team analyses the draft Act, focusing on aspects which we have deemed most interesting from an investor and developer perspective. We are actively monitoring all legislative developments affecting the Finnish onshore and offshore wind sector and would be pleased to discuss any questions that you may have: Mikko Eerola, Jonatan Hallvar, Eeva-Lotta Kivelä, Tuomas Tiensuu, Nora Liimatainen. #windpower #FinnishEEZ #energy #transactions https://lnkd.in/eZNN4xdd