STRATEGY AND BEST PRACTICES,ENERGY
NextEra Energy | September 12, 2022
NextEra Energy Transmission MidAtlantic (NEETMA), a subsidiary of NextEra Energy Transmission, LLC, and WindGrid, a subsidiary of Elia Group, announced that they have signed a Memorandum of Understanding (MOU) to lay the foundation to work together to develop and construct offshore wind transmission infrastructure for New Jersey if selected by the Board of Public Utilities (BPU).
"WindGrid and its parent Elia Group are leaders in the engineering, construction and operation of offshore electric transmission projects and we're pleased to be collaborating with them on our New Jersey proposals,We believe we are well-positioned to help New Jersey achieve its clean energy goals and we look forward to working with all stakeholders on making this important project a success."
-Matt Valle, president, NextEra Energy Transmission.
NEETMA has submitted a number of proposals, collectively called the NJ Seawind Connector, to the BPU to support the transmission needed to achieve the state's offshore wind goals. The NJ Seawind Connector offers New Jersey multiple solutions that would collectively deliver to the state the greatest offshore wind power with the least impact to the environment and local communities. NEETMA's superior design offers the most cost-effective approach to meeting New Jersey's clean energy needs, while protecting utility customers and providing BPU additional optionality, expandability and flexibility, and high-quality offshore wind transmission infrastructure to meet the state's future energy needs.
WindGrid builds on Elia Group's unique offshore experience in both the North and Baltic seas in Europe. To date, Elia Group has connected 13 wind farms to onshore grids and is currently operating three subsea cable interconnections. Elia Group is also working on new innovative projects such as hybrid interconnectors and energy islands. The company is at the forefront of innovative approaches in offshore grid design and is well-positioned for playing a leading role in the shaping of future offshore grid projects.
"We believe our offshore wind transmission experience will provide valuable insights and provide meaningful benefits if the NEETMA project is selected by the BPU. Thanks to our industry-leading position in offshore electric transmission, we have access to and relationships with an extensive network of technical equipment suppliers with whom we collaborate to ensure we are integrating the latest technical innovations into each of our projects. Working with NEETMA, we expect to make a meaningful contribution to accelerating the energy transition in New Jersey,"
-Markus Laukamp, chief executive officer of WindGrid.
NextEra Energy Transmission
NextEra Energy Transmission develops, finances, constructs, and maintains transmission assets across the continent. NextEra Energy Transmission operates through its regional subsidiaries to integrate renewable energy and strengthen the electric grid. The company's subsidiaries were among the first non-incumbents to be awarded projects by system operators and utility commissions in California, New York, Texas, and Ontario. NextEra Energy Transmission's portfolio includes operating assets in 10 states, six regional transmission organizations and one Canadian province, with numerous projects under development and construction. To learn more, visit www.NextEraEnergyTransmission.com.
Elia Group is a European key player in electricity transmission. Through our subsidiaries in Belgium (Elia) and the north and east of Germany (50Hertz), we operate 19,192 km of high-voltage connections at land and sea, meaning that we are one of Europe's top 5 transmission system operators. In addition to our activities as a system operator, we provide various consulting services (via Elia Grid International) and want to be a reliable partner (via WindGrid) for governments that want to proactively build offshore grid infrastructure and renewable energy developers that are looking for solutions which will allow them to securely connect and integrate their offshore energy projects into the onshore grid.
Mainstream Renewable Power | August 23, 2022
Mainstream Renewable Power ("Mainstream"), the global renewable energy company majority-owned by Aker Horizons, and Ocean Winds, the international company dedicated to offshore wind energy, have been appointed preferred bidder by Crown Estate Scotland for an area with the potential for a 1.8 GW offshore wind farm off the Shetland Islands in Scotland.
Mainstream and Ocean Winds, as the preferred bidders, are now offered the opportunity to enter into an option agreement for the site which is located east of the Shetland Islands in approximately 100m water depth and is well suited for floating offshore wind. The project partners, which hold a 50-50 ownership, are committed to developing floating offshore wind on an industrial scale in Scotland, generating local jobs and opportunities in Scotland and the Shetland Islands. The site output is expected to power for the equivalent of over 2 million homes.
We are proud of Mainstream and Ocean Winds' success in the ScotWind process. It is a testament to the strength of the partnership, and to Mainstream's standing as a leading developer of gigawatt-scale renewables platforms with significant offshore technology expertise. This was further reinforced by the company's recent combination with Aker Offshore Wind, said Kristian Røkke, Chief Executive Officer of Aker Horizons and Chairman of Mainstream.
"This is a very significant win for Mainstream, which plays to our key strengths as a global leader in floating offshore wind technology as well as our track record in offshore wind project development, In Scotland, we have already developed the 450 MW Neart na Gaoithe Offshore Wind Farm and we now look forward to working with all stakeholders to further develop and strengthen Scotland's offshore wind industry and help position it as a global leader in floating offshore wind power."
-Mainstream's Chief Executive Officer Mary Quaney.
Mainstream and Aker Offshore Wind in August 2022 completed a transaction to combine the two companies to create a stronger renewable energy company with more than 27 GW net portfolio. Combining Aker Offshore Wind's strong technical and engineering capabilities and early mover position in floating offshore wind with Mainstream's proven project development methodology, execution track record and global presence unlocks new opportunities worldwide. The company is currently bringing forward multi-gigawatt scale developments of offshore wind assets in markets including Vietnam, South Korea, Japan, Norway, Ireland and Sweden.
Mainstream, through its combination with Aker Offshore Wind, has already partnered with Ocean Winds in the joint venture KF Wind in South Korea and are in consortium to bid in the upcoming leasing round for floating wind at Utsira Nord in Norway. Mainstream and Ocean Winds are also major shareholders of the leading floating wind technology provider Principle Power.
"We are proud of the strength that Ocean Winds and Mainstream Renewable Power teams have combined to secure this major new project, As Ocean Winds, we are looking forward to using our more than 10-year expertise as pioneer in floating offshore wind farms from development to operation to progress this large floating project awarded with Mainstream, as well as the 500 MW floating project also awarded to Ocean Winds during this clearing round. Both will bring major benefits to Shetland and Scotland, and an important contribution to Net Zero."
-Bautista Rodriguez, Ocean Winds' chief executive officer.
Ocean Winds was created as a 50-50 joint venture in 2020 by EDP Renewables and ENGIE. The company is one of Scotland's leading offshore wind developers, with 950 MW currently in operation at Moray East and 882 MW in late development stage at Moray West. In January 2022, Ocean Winds was successful in its ScotWind bid, the Caledonia Offshore Wind Farm, with a plan for up to 2 GW.
About Mainstream Renewable Power
Mainstream Renewable Power is a leading pure-play renewable energy company, with wind and solar assets across global markets, including in Europe, the Americas, Africa, and Asia-Pacific. Mainstream is one of the most successful developers of gigawatt-scale renewables platforms, across onshore wind, offshore wind, and solar power generation. It has successfully delivered 6.5 GW of wind and solar generation assets to financial close-ready and has a global portfolio of more than 27 GW.
In May 2021, Aker Horizons acquired a majority stake in Mainstream and, in April 2022, Mitsui & Co., Ltd. joined Aker Horizons as a long-term strategic investor. In August 2022, the transaction to integrate Aker Offshore Wind into the Mainstream Group was completed.
Mainstream is one of the leading developers of offshore wind at scale globally. It has successfully consented Hornsea One (1.2 GW), the largest operational offshore wind plant in the world today; and developed the Hornsea 2 project (1.4 GW) before selling these projects and the entire Zone in 2015. Mainstream fully consented the Neart na Gaoithe offshore wind project in Scotland, where 450 MW is currently under construction. Overall, it has developed and consented 20% of the UK's offshore wind capacity either in operation or under construction. The company is currently bringing forward multi-gigawatt scale developments of offshore wind assets in markets including Vietnam, South Korea, Japan, Norway, Ireland, the UK, and Sweden.
Mainstream, through Aker Horizons' ownership and its combination with Aker Offshore Wind, will leverage the decades of offshore energy development experience through the Aker group. Aker has been instrumental in the design and deployment of more than half of all semisubmersible floating offshore installations in the world and has over four decades of experience in Scotland, including a global subsea centre of excellence.
About Ocean Winds
Oceans Wind (OW) is an international company dedicated to offshore wind energy and created as a 50-50 joint venture, owned by EDP Renewables and ENGIE. Based on our belief that offshore wind energy is an essential part of the global energy transition, we develop, finance, build and operate offshore wind farm projects all around the world.
When EDP and ENGIE combined their offshore wind assets and project pipeline to create OW in 2019, the company had a total of 1.5 GW under construction and 4.0 GW under development; OW has been adding rapidly to that portfolio and is now on a trajectory to reach the 2025 target of 5 to 7 GW of projects in operation, or construction, and 5 to 10 GW under advanced development. In 2022, OW's offshore wind gross capacity already operating, in construction or with advanced development rights granted reaches 14.5 GW.OW, headquartered in Madrid, is currently present in 8 countries, and primarily targets markets in Europe, the United-States, selected parts of Asia, and Brazil.For more information: www.oceanwinds.com
About Aker Horizons
Aker Horizons develops green industrial projects and technologies that accelerate the net zero transition. The company holds assets across renewable energy and carbon capture, and develops green industrial hubs that combine low-cost renewable energy with hydrogen production and downstream applications. As part of the Aker group and its 180-year industrial heritage, Aker Horizons applies industrial, technological and capital markets expertise to solve fundamental challenges to sustainable existence. Aker Horizons is listed on the Oslo Stock Exchange and headquartered in Fornebu, Norway. Through its portfolio companies, Aker Horizons employs over 1,200 people across 18 countries and five continents. www.akerhorizons.com
Gazelle Wind Power and FERROFAB FZE | August 08, 2022
Floating offshore wind platform developer Gazelle Wind Power (Gazelle) has signed a memorandum of understanding (MOU) with Ferrofab FZE (Ferrofab), a UAE-based engineering and manufacturing firm, to establish a Center for Manufacturing Excellence at the Ferrofab Jebel Ali facility in the UAE. This Center is being established to manufacture a Gazelle hybrid modular offshore wind platform, based on Gazelle’s proprietary technology, that can be scaled to support any make and model of wind turbines, including models upwards of 20MW.
“Ferrofab has a reputation for engineering, manufacturing, and execution that is needed to bring our technology to the market at the pace we need to address climate change, While many offshore wind projects originate from the oil and gas industry, Gazelle’s hybrid floating platform is designed solely to accelerate the development of the offshore wind industry and contribute to reducing the levelized cost of electricity (LCOE). Having a collaborator with experience in both sectors will allow us to deploy our solution and hasten the move to net-zero successfully.”
-Gazelle CEO Jon Salazar.
Ferrofab boasts a total of 800,000 square feet of state-of-the-art manufacturing facilities in Jebel Ali, which is located approximately 40 km southwest of Dubai. The company has extensive experience in engineering and manufacturing offshore and onshore process equipment and structures for the wind, oil, and gas industries, which will be leveraged to accelerate the manufacturing process for Gazelle’s floating wind platforms and the assembly and distribution to ports worldwide.
“Based on our past experience in manufacturing offshore structures, Gazelle’s unique floating platform technology is on track to spur the needed evolution of the offshore wind industry, With its innovative design and modular components, the deployment of this solution will be a revolutionary step in the production of renewable energy.”
-Johan Moraes, Executive Director of Ferrofab FZE
Over the past year, Gazelle has been lining up top-performing partners, all leaders within their respective industries, to advance the implementation of the company’s unparalleled floating platform system, including MOUs previously signed with VCE, Bridon-Bekaert Ropes Group, and Maersk Supply Service. Gazelle also successfully completed its first-ever crowdfunding campaign and named four additional industry leaders to its board of directors.
Gazelle’s unique hybrid floating wind platform splits the ‘two classical functions’ of buoyancy and stability for a lighter and more agile platform than current market designs and boasts the advantage of faster deployment in deeper waters.
About Gazelle Wind Power
Gazelle Wind Power Limited is unlocking the massive deep-water offshore wind market to achieve global decarbonisation. The company’s durable, disruptive hybrid floating platform with a high stability attenuated pitch surmounts the current barriers of buoyancy and geographic limitations while reducing costs and preserving fragile marine environments. The company is based in Dublin and has a presence in Dubai, London, Madrid, Paris, and Texas. For more information, visit www.gazellewindpower.com.
About Ferrofab FZE
Ferrofab is a global leader and a trusted name in the field of engineering and manufacturing. The company offers a full range of activities in matters of modular static and process equipment, well-testing equipment, and special dish head forming. With the endeavor toward self-development and increasing its portfolio of work, Ferrofab’s vision is to be known globally for "Engineering Excellence.” Learn more at www.ferrofab.com.