California’s continued push to rapidly adopt offshore wind signals a glowing opportunity for wave energy technology as a complementary power partner to accelerate the mission to net-zero, according to Swedish company CorPower Ocean.
The Netherlands plans to develop additional 10.7 GW of offshore wind capacity by 2030 in order to meet the EU’s current goal of reducing CO2 emissions by 55 per cent by 2030 compared to the 1990 levels.
Offshore Wind Consultants (OWC) has secured a contract with DP Energy to carry out geophysical and geotechnical site characterization at the potential 1 GW Inis Ealga Marine Energy Park (IEMEP) floating offshore wind project in Ireland.
Combined market losses in offshore wind grew from GBP 124 million (around EUR 145 million) in 2010-2015 to GBP 500 million (around EUR 585 million) by 2020, with the average insurance claim nearly doubling from GBP 1.67 million (around EUR 2 million) to GBP 3.08 million (around EUR 3.6 million) in the same period, according to a new claims report titled from GCube Insurance.
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