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Mingyang’s OceanX Sets Record: World’s Most Powerful Floating Wind Turbine Successfully Sets Sail

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Mingyang

GUANGZHOU, CHINA – Media OutReach Newswire – 19 August 2024 – On August 13, OceanX, the world’s largest single capacity floating wind power platform, embarked on its journey from Guangzhou to the Yangjiang Mingyang Qingzhou IV offshore wind farm in Guangdong, China. After a 191-nautical-mile, over 50-hour tow, the platform’s arrival marks the commencement of a new era in green energy, poised to set the standard for offshore wind power technology.

Developed by Mingyang Group, this floating wind turbine platform is arranged in a ‘V’ shape and carries two 8.3 MW offshore wind turbines. With a total capacity of 16.6 MW, it can be used in a wide range of sea areas around the world with water depth of more than 35 metres.

OceanX impeller reaches 219 metres at its highest point and a maximum width of about 369 metres in the air. The whole wind turbine platform has a total displacement of 15,000 tonnes, and a towing draft of 5.5 meters. Once operational, it is expected to produce 54 million kWh annually, enough to power 30,000 three-person households for a year.

  • High-Tech Ingenuity: OceanX Floats on Cutting-Edge Materials

OceanX advances wind turbine innovation by enhancing core component technology, driving both aesthetic and functional refinement in design and manufacturing.

Floating foundation is the key component for floating wind turbines in the deep and distant sea. Unlike traditional steel floating foundations, OceanX’s floating foundation consists of three floats, concrete arms and connectors.

It pioneers the use of ultra-high performance concrete with a compressive strength exceeding 115 MPa for floating foundation construction, a material 4 times stronger than standard concrete, significantly enhancing load-bearing capacity. The floating foundation also utilizes a pre-stressed high-strength concrete assembly structure, facilitating modular and batched manufacturing, thereby substantially reducing construction costs.

Mingyang has leveraged caisson pre-tensioning technology in its precast concrete construction, emphasizing interface sealing and the precision of the pre-stressing process. With 1,500 steel strands expertly threaded through the floating body’s arm, it has meticulously controlled tensioning forces and ensured uniform stress across the end face throughout the construction.

OceanX also introduces a cutting-edge float design, using layered material to replace traditional steel or hybrid materials. The float lightens the floats and accommodates their curved form. The three streamlined ellipsoidal floats offer reduced wave resistance and enable lateral rotation, providing yawing power. Rigorous testing confirms that the streamlined shape strikes an ideal balance between stability and load-bearing.

Notably, housing two wind turbines on a single floating platform can significantly cut down the per-kilowatt cost, as well as reduce the required sea area and operational maintenance expenses.

  • Revolutionary ‘V’ Tower: OceanX Pioneers Wind Turbine Architecture

OceanX, with its robust floating foundation, features the integration of two towers in a ‘V’ configuration, marking a first for offshore wind platforms.

OceanX’s tower, with its elongated elliptical design, maximizes wind exposure along its longer axis, significantly exceeding that on the shorter axis. By aligning the tower with the wind direction at an optimal angle, the wind platform’s area is effectively increased, allowing for swifter alignment to the wind and boosting the efficiency of wind energy capture. Additionally, the towers are fitted with a dual-access system for lifts and ladders, ensuring the comfort and safety of personnel during ascent and descent.

In addition to the evolution of the wind turbine form, Mingyang also expands the boundaries of the application of the cable-stayed system, installing it for the first time globally in a wind turbine.

OceanX has ingeniously harnessed the spatial framework of its tower system, integrating the world’s largest high-stress strand cable-stayed system. A robust network of 13 main and 6 auxiliary cables efficiently tensions the mainframe, tower, and floating foundation, establishing a stable tensioning mechanism across the wind turbine’s components. This innovative cable-stayed design has redefined the load transfer path of traditional wind turbines. Instead of the tower bearing the full impeller and gravity loads, the system distributes the tower’s gravity load to the tension cables, with the tower now only partially supporting the impeller loads. This strategic redistribution significantly lightens the tower’s load, enabling a streamlined and lightweight structural design.

To seamlessly integrate the 200-meter-long, 18-centimeter-diameter cables between the wind turbine, tower, and floats, OceanX employs a precise combination of graded pre-tensioning, multi-dimensional monitoring, and synchronized tensioning. This ensures that all 13 main cables achieve their individual pre-tensioning specifications and can be pre-tensioned to a maximum force of 350 tonnes, optimizing the structural integrity and performance of the wind turbine system.

  • Dual-Rotor Pioneer: OceanX’s Unparalleled Wind Harvesting Design

On the V-shaped tower, two main engines are equipped with parallel impellers, covering a sweeping area exceeding 52,000 square meters—comparable to the size of seven standard football fields. With the impeller blades’ tips a mere 5 meters apart, this pioneering design optimizes impeller pitch and wind efficiency while leveraging the V-shape of the tower. It ensures impeller safety and enhances both wind capture and structural stability.

Upon startup, the impellers rotate in opposite directions, enhancing wind speed in the central area and boosting electricity generation from air kinetic energy by 4.29% compared to a single, large turbine with an equivalent swept area.

In the context of the entire wind farm, longer blades on a single turbine can significantly affect the turbine downstream. OceanX employs two small-sized wind turbines, leveraging the coupled vortex effect from counter-rotation to mitigate efficiency losses across the farm.

  • Downwind Mastery: OceanX’s Single-Point Mooring Showcases Cutting-Edge Innovation

OceanX utilizes a downwind design, alleviating tower headroom constraints for the blades, allowing greater movement, and enhancing the unit’s power generation efficiency through flexible and efficient wind energy capture.

In the face of extreme typhoon conditions, floating wind turbines must be designed to withstand 360° typhoon loads from the outset to ensure stability and safety. OceanX employs a single-point mooring system, which allows the platform to adaptively yaw with the typhoon’s direction. This ensures that the wind turbine consistently faces the incoming wind, regardless of the typhoon’s path.

In the mooring system, to withstand forces equivalent to a level 17 typhoon, the turret’s high-precision slewing bearings must offer exceptional load-bearing capacity and superior underwater sealing. To guarantee OceanX’s stable maritime operation, Mingyang has meticulously assembled the turret system, adhering to stringent standards and precision demands.

Data reveals that the single-point mooring solution reduces the ultimate load on the support structure by 40%, significantly improving the wind turbine’s safety and stability in typhoon conditions. This technology’s implementation boosts the standardization and efficiency of onshore operations for marine and engineering equipment.

OceanX is also capable of managing total health of the turbine to optimising power generation efficiency and lowering the maintenance cost thus finally cut down Levelized Cost of Energy (LCOE) under different environmental conditions.

  • From MW Giants to Deep-Sea Pioneers: Mingyang’s Unceasing Quest for economical offshore wind power

In April 2020, the 1:10 scale prototype of the OceanX dual-rotor floating wind turbine platform was launched in Lake Quarry, Germany. By October, it had completed a two-month offshore operation in the Baltic Sea, enduring tests equivalent to 72m/s winds and 30-meter waves, and earned a feasibility certificate from DNV.

Mingyang has pushed the boundaries of offshore wind power technology, from typhoon-resistant wind power to large offshore megawatt units, and now to the navigation of deep-sea floating turbines. The latest advancements in deep-sea floating wind power are setting new standards for human exploration of the ocean, while decreasing the cost per kWh to make the offshore wind more affordable.

As a leader in global clean energy innovation, Mingyang is committed to driving breakthroughs in marine energy technology. It aims to lead industry innovation, expedite sustainable offshore wind development and facilitate the green transmission globally.

For more information, please visit https://www.myse.com.cn/en and https://www.linkedin.com/company/mingyangsmartenergy/

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Lekki Port, Lekki Freeport Terminal, Lagos Free Zone Launch COSCO Shipping, Ocean Network Express (ONE) & ZIM Lines Services

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The launch of the services was signaled by the arrival of the E A Centaurus at Lekki Deep Sea Port on Friday, November 8, 2024

LAGOS, Nigeria, November 11, 2024/APO Group/ — 

In what could be described as a major boost to the Nigerian maritime sector and international trade, the management of Lekki Port LFTZ Enterprise Limited (LPLEL), Lekki Freeport Terminal, and the Lagos Free Zone (https://LagosFreeZone.com) have launched the COSCO, ONE (Ocean Network Express), and ZIM alliance services at Lekki Deep Sea Port.

The launch of the services was signaled by the arrival of the E A Centaurus at Lekki Deep Sea Port on Friday, November 8, 2024. The E A Centaurus, with an overall length of 277m and a container handling capacity of 7,000 TEU, is also the largest COSCO vessel to call Nigeria. It docked at the port at about 10:30 a.m.

The Chief Executive Officer of Lekki Freeport Terminal, Christophe Cassang, explained that the launch of the service marks a crucial milestone in the terminal’s development and capacity expansion. He added that the launch of the service demonstrates the company’s commitment to becoming a leading maritime hub in West Africa.

We are realizing our vision of driving significant cargo volumes and further positioning Lekki Port to enhance the Nigerian maritime sector and improve business efficiency

“Through the strategic partnership with global shipping leaders such as COSCO, ONE, and ZIM, we are strengthening our position on the international stage and opening new opportunities for trade and industry in Nigeria and the region. Lekki Freeport Terminal is run by a well-trained workforce, passionate about meeting challenges of the future, and is equipped with the most advanced technology and state-of-the-art infrastructure designed to meet the growing needs of the shipping lines and of our customers,” said Cassang.

In his remarks during the ceremony, the Managing Director of Lekki Port, Du Ruogang, described the launch of the new shipping line services as a true testament to the company’s commitment to Nigeria’s maritime future. Ruogang noted that the berthing of the E A Centaurus marked the first of bi-weekly calls to Lekki Deep Sea Port by COSCO, ONE, and ZIM shipping lines. He described the launch of the COSCO, ONE, and ZIM shipping lines as a symbol of the company’s unwavering dedication to positioning Lekki Port as a transformative force in the Nigerian maritime Industry.

“After 18 months of commencement of commercial operations and continued efforts, we are proud to welcome COSCO, ONE, and ZIM shipping lines to Lekki Port. With the bi-weekly calls of the consortium, we are realizing our vision of driving significant cargo volumes and further positioning Lekki Port to enhance the Nigerian maritime sector and improve business efficiency across the country. The achievement is not the end but rather the beginning,” he said.

In her statement, the Chief Executive Officer of Lagos Free Zone, Adesuwa Ladoja, described the launch of COSCO, ONE, and ZIM shipping lines services at Lekki Port as a momentous occasion and significant achievement not only for Lekki Port and Lekki Freeport Terminal but also for Lagos Free Zone as it is bound to attract more foreign direct investment (FDI) to the zone.

“From one shipping line, we now have four shipping lines calling at the Lekki Deep Sea Port; it is significant because we now have more options that allow more customers access to the state-of-the-art facilities at the Lekki Port. It also allows the growth of enterprises in the Lagos Free Zone and, in fact, the entire Lekki economic axis. The companies can bring their raw materials through any of the four shipping lines and move them straight into the factories for production. They can also export finished goods to other parts of Africa and, indeed, the world. This is the economic rejuvenation we are all looking for, and Lekki Port and Lagos Free Zone are happy to be doing our part”, she said.

In their reaction, the COSCO, ONE, and ZIM shipping line representatives expressed their excitement about partnering with Lekki Port and Lekki Freeport Terminal. They expressed satisfaction with the world-class infrastructure and facilities available at the port. The companies were represented by the Deputy Managing Director of COSCO Shipping Lines Nigeria Limited, Rex Wang, Director, Ocean Network Express (Nigeria) Limited, Stefan Pedersen, and Managing Director, Lansal, Todd Rives.

Distributed by APO Group on behalf of Lagos Free Zone (LFZ).

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Afreximbank approves US$200 million Facility to support BUA Industries Limited (BIL) expansion plans

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The first tranche of $150 million was disbursed on October 16, 2024

CAIRO, Egypt, November 11, 2024/APO Group/ — 

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has approved a US$200 million Corporate Finance Facility in favour of BUA Industries Limited (BIL) to support its expansion plans.

With Afreximbank’s support, BUA can increase investments to strengthen industrial capacity and meet regional demand

BIL is a Nigerian conglomerate with diversified business interest spanning across, sugar and cement manufacturing, flour milling, oil milling, port logistics, real estate development, oil and gas, and shipping. The first tranche of $150 million was disbursed on October 16, 2024.

Commenting on the transaction, Mrs. Kanayo Awani, Executive Vice President, Intra Africa Trade and Export Development, Afreximbank, said that the facility will provide critical financial support to a leading Nigerian conglomerate as it pursues its expansion plans, thereby boosting its industrial base and Nigeria’s export manufacturing capacity.

“We are delighted at this partnership which promises to deliver significant impact through job creation, import substitution and export diversification – thereby boosting Nigeria’s Gross Domestic Product (GDP).”

On his part, Alhaji Abdul Samad Rabiu, CFR, CON, Chairman of BUA Industries Limited, said that the $200 million corporate finance facility marks a crucial step in BUA’s commitment to industrializing Nigeria’s manufacturing, infrastructure and energy sector for local use and export. “With Afreximbank’s support, BUA can increase investments to strengthen industrial capacity and meet regional demand. Our goal is sustainable growth that boosts Nigeria’s self-sufficiency and Africa’s global trade presence, creating jobs and building economic resilience,” he said.

Distributed by APO Group on behalf of Afreximbank.

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Ecobank Partners with Nium to Unlock Real-Time Cross-Border Payments Across 35 African Markets

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Nium announces its partnership with Ecobank, a pan-African financial solutions leader, bringing real-time cross-border payments to 35 markets on the continent

SINGAPORE, Singapore, November 11, 2024/APO Group/ — 

Nium (https://apo-opa.co/3Cl0CMy), the leading global infrastructure for real-time cross-border payments, announced a partnership with Ecobank Transnational Incorporated. (www.Ecobank.com), the leading independent pan-African financial services group, to enable seamless cross-border payments across 35 African markets for more than 32 million customers. This partnership is set to revolutionise the region’s payments landscape by enabling faster, more efficient international payments for businesses and consumers alike.

Nium’s real-time payments infrastructure will be integrated into Ecobank’s existing banking operations, empowering Ecobank to enhance its services for small and medium-sized enterprises (SMEs). Ecobank will connect its existing Swift workflows to Nium, gaining access to real-time transfers, updates, clearing, settlement, and payment tracking, without the need for complex API integrations. This will significantly reduce waiting times for cross-border payments, enabling businesses to make faster payments to over 220 markets, including over 100 countries with real-time capabilities.

Partnering with Nium allows us to enhance our service offerings and provide our customers with faster, more efficient cross-border payment solutions

Ecobank is a critical financial partner in sub-Saharan Africa. Through this partnership, Ecobank’s customers across the region will benefit from an enhanced payments experience that allows faster and more efficient cross-border transactions, unlocking new opportunities for SMEs to connect with global markets.

Anupam Pahuja, General Manager and Executive Vice President for APAC, Middle East and Africa at Nium, said, “We are thrilled to partner with Ecobank and introduce Nium’s cutting-edge real-time payment capabilities to Africa. This collaboration represents an important step forward in expanding our global payments network, and we are proud to support Ecobank in delivering faster, more efficient payments for its customers across the region.”

Partnering with Nium allows us to enhance our service offerings and provide our customers with faster, more efficient cross-border payment solutions. By leveraging our unique API-based payment platform, this collaboration is a significant step towards advancing financial inclusion and connectivity across Africa and enabling businesses to thrive in a global marketplace,” said Jeremy Awori, CEO of Ecobank Group.

Ecobank can exchange its existing SwiftMT & ISO20022 messages with Nium to initiate payments on the real-time platform, accelerating business growth and improving the speed and accuracy of cross-border payments for African businesses.

The partnership also aligns with Nium’s broader strategy to enhance global financial inclusion, enabling access to real-time payments in regions where traditional banking systems may be slow or unreliable. Through this collaboration, Ecobank is now better equipped to provide an unmatched cross-border payment experience for its customers, while Nium continues its mission to democratize access to the world’s largest real-time payments network.

Distributed by APO Group on behalf of Ecobank Transnational Incorporated.

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