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Renewable Energy

Ørsted sets up trading office in the US

Ørsted is expanding rapidly in the US within the development and construction of offshore and onshore wind power as well as solar PV.

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Ørsted sets up trading office in the US
Ørsted sets up trading office in the US. Image: Orsted

Ørsted is expanding rapidly in the US within the development and construction of offshore and onshore wind power as well as solar PV. The growing portfolio enables Ørsted to increasingly trade the green power generated by the wind and solar farms. Therefore, Ørsted is now setting up a trading office in Chicago which will be trading power in the wholesale markets.

“With a trading office in the US, we’ll be able to reduce risks and ensure higher transfer prices on the power generated by our solar and onshore wind farms,” says Morten Hultberg Buchgreitz, Executive Vice President of Ørsted.

In August 2018, Ørsted acquired Lincoln Clean Energy, thereby obtaining a strong foothold in the US onshore wind power market. Today, the company has 1GW of onshore wind power in operation in the US, 670MW under construction across three states and further 2.5GW of wind and solar projects in the pipeline.

The right processes and new knowledge

The US power markets are complex, and being present and having in-depth knowledge of the markets to secure good power price agreements offer great advantages. Moreover, being a player in the trading market requires the right systems, processes and compliance.

“Our European trading office has competences and volumes that we can transfer to the US markets. And by setting up an office in Chicago, we can also hire employees who have in-depth knowledge of the US power markets,” says Morten Hultberg Buchgreitz.

The new Ørsted trading office in Chicago opened in October and expects to start trading power in November. Initially, Ørsted’s traders will primarily trade power generated by Lincoln Clean Energy’s onshore wind farms.

Maritime

Jan De Nul signs contract with Dogger Bank Wind Farm

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Jan De Nul signs contract with Dogger Bank Wind Farm. Image: Jan De Nul
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Dogger Bank Wind Farm and Jan De Nul Group announce the signing of the final contract for the transport and installation of the GE Haliade-X offshore wind turbines at Dogger Bank A and Dogger Bank B, 130 km off the Yorkshire coast, starting in 2023. Turbine delivery and installation at the first two phases of Dogger Bank Wind Farm will be the first assignment for the world’s largest Offshore Jack-Up Installation Vessel owned by Jan De Nul Group, the Voltaire.

The 3.6GW Dogger Bank Wind Farm, which is being delivered in the North Sea in three 1.2GW phases, is set to be the world’s largest offshore wind farm when complete and is a joint venture between SSE Renewables and Equinor.

When complete, Dogger Bank will generate enough energy to power over 4.5 million homes every year – around 5% of the UK’s electricity needs.

Dogger Bank Wind Farm secured 3.6 GW of offshore wind contracts in the UK Government’s 2019 contracts for difference auctions. Record low prices were awarded for the three projects making up Dogger Bank Wind Farm: Dogger Bank A, Dogger Bank B and Dogger Bank C. Dogger Bank A and Dogger Bank B are now moving towards final investment decision, expected by the end of 2020. SSE Renewables is leading the development and construction phases of Dogger Bank Wind Farm and Equinor will lead on operations for its lifetime of at least 25 years, creating around 200 jobs in the North East.

Steve Wilson, Dogger Bank Wind Farm’s Project Director at SSE Renewables: “We’re very pleased to have signed the final contract with industry leader Jan De Nul Group to transport and install the turbines for Dogger Bank A and Dogger Bank B. Jan De Nul has a proven track record of transporting and installing new generation offshore wind turbines at scale and its state-of-the-art Voltaire vessel will be the largest and ultra-clean jack up vessel ever seen in the industry when operational. This contract further demonstrates the industry-leading status of Dogger Bank Wind Farm and the innovative supply chain partners such as Jan De Nul that are delivering the project.”

Halfdan Brustad, Vice President for Dogger Bank at Equinor: “Dogger Bank is a record-breaking project, leading the way in terms of technology and scale. We are so pleased to have secured the Voltaire vessel for this project, not only is it the largest of its kind, but also the first Ultra-Low Emission jack-up vessel, which is truly pioneering. Innovation across all levels of the supply chain has enabled offshore wind projects to grow in size whilst reducing costs, and this has been a large factor in the growing success of offshore wind.”

Philippe Hutse, Director Offshore Division at Jan De Nul Group: “We are delighted to have signed the first contract for our new generation jack-up vessel Voltaire and to work together with industry leaders SSE Renewables and Equinor. When taking the decision to build this exciting vessel we had exactly the type of project in mind like Dogger Bank Wind Farm in terms of scale and characteristics of the offshore sites and the turbines. We are proud to contribute to the worldwide transition to renewable energies by installing the offshore wind turbines at Dogger Bank A and Dogger Bank B in the most efficient and clean manner possible.”

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Maritime

ABS to class first Taiwan-built offshore installation vessel

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ABS to class first Taiwan-built offshore installation vessel. Image: ABS
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ABS is to provide classification services to the first floating heavy lift and installation vessel to be built in Taiwan.

Named ‘Green Jade’, the vessel has been commissioned by CDWE, a joint venture between Taiwanese company CSBC and Belgian offshore contractor DEME,  and will be built at CSBC in Taiwan for delivery in 2022 for deployment in the region’s offshore wind market.

“This is a key development for the region’s offshore wind capability and for the Taiwanese shipbuilding industry and we are delighted to be able to support it,” said Matt Tremblay, ABS Senior Vice President of Global Offshore Markets. “Offshore wind has huge potential for growth globally and ABS has the experience to help the industry achieve its ambitions with an unwavering focus on safety.”

At 216.5 meters in length and with a crew of up to 160 people, Green Jade will be equipped to handle the heaviest monopiles, jackets and turbines and features a 4,000-tonne capacity crane. As well as Dynamic Positioning 3 capability and dual fuel engines Green Jade features a waste heat recovery system that converts heat from the exhaust gases and cooling water to electrical energy.

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Heavy Lift

Formosa 2 first pin piles arrive in Taiwan

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Formosa 2 first pin piles arrive in Taiwan. Image: Jan De Nul
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Jan De Nul Group subcontracted EEW SPC for the supply of all 194 pin piles needed for the Formosa 2 Project. EEW SPC started fabrication in January at three different yards in South Korea and Malaysia. This first pile delivery, one of eight batches in total assigned to the German BBC Chartering, is a significant milestone given the COVID-19 outbreak and its severe impact worldwide. All the pin piles will be stored in Taichung Port until foundation installation commences later this year.

Local supply chain

With Taichung Port being the logistics and operations hub for the Formosa 2 offshore wind farm project, Jan De Nul Group continues its partnership with Taiwan International Ports Co. Ltd. following the successful cooperation on the Formosa 1 Phase 2 project. For the port operations, Jan De Nul Group collaborates with Belgium-headquartered Sarens and a team of Taiwanese suppliers including its long-standing partner Hung Hua Corporation, Ta Jia International Co. Ltd., Jin An Logistics International Co. Ltd. and the Glory Shipping Agency Corporation.

Formosa 2 Offshore Wind Farm

Developed by Macquarie’s Green Investment Group, JERA and Swancor Renewable Energy Company Ltd., and located between four and ten nautical miles off Miaoli County, the 376 MW Formosa 2 OWF will have 47 Siemens 8 MW turbines on jacket foundations in up to 55m water depth.

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