LONDON: Ørsted, the world’s leading offshore wind developer, has unveiled its updated business plan following a comprehensive portfolio review. The company aims to grow its installed capacity from 12 GW to 50 GW by 2030, with a focus on offshore wind, onshore renewables, and renewable hydrogen. The company also announced that Thomas Thune Andersen, who…
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BW Ideol and Hitachi ABB to develop scalable floating substations for offshore wind
OSLO, NORWAY: BW Ideol has signed a memorandum of understanding with Hitachi ABB Power Grids, the world’s leading supplier of grid integration and power quality solutions, for an industry-first collaboration on developing scalable floating substations to support development of profitable commercial-scale floating offshore wind farms with high-capacity wind turbines. Floating offshore wind is the next…