Installation Vessel News

The cost to construct the United States' first domestically built wind turbine installation vessel (WTIV), Charybdis, has risen to $715 million, Dominion Energy revealed in its latest quarterly results, marking another snag for the fledgling U.S. offshore wind industry.The first-of-its-kind vessel — the only WTIV being built in the U.S. to comply with the Jones Act — was originally slated to cost about $500 million when U.S. power company Dominion ordered it from Brownsville, Texas shipbuilder Seatrium AmFELS (then Keppel AmFELS) in 2020.

Danish offshore wind installation company Cadeler reports it has secured vessel reservation agreements with both MFW Bałtyk II Sp. z.o.o. and MFW Bałtyk III Sp. z.o.o., each a joint venture project owned 50% by Equinor and 50% by Polenergia.The Bałtyk 2 and Bałtyk 3 projects are wind farms situated in the Baltic Sea, approximately 27 and 40 kilometers from the port of Łeba, respectively. The projects entail the installation of 100 offshore wind turbine generators in the Polish Baltic Sea.

Wärtsilä reports it has signed a long-term Guaranteed Asset Performance agreement with CSBC-DEME Wind Engineering Co Ltd (CDWE), a joint venture between CSBC Corporation and DEME Offshore. The agreement covers CDWE’s new 216 meters-long installation vessel, the Green Jade. Marco Kanaar, CEO of CDWE, owner of the Taiwan-designed and -built offshore heavy lift DP3 installation vessel Green Jade says: "High utilization of our Green Jade is of utmost importance to our business which is why we have selected the Wärtsilä thrusters and engines for its reputation for excellent quality and reliability.

How will vessel requirements in the emerging floating offshore wind industry differ from those in the existing fixed-bottom segment? Philip Lewis, director of research at Intelatus Global Partners, weighs in.See the full interview here.