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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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Nigeria’s Upstream Reform Program Captures 40% of Africa’s Final Investment Decision (FID) Activity After a Decade on the Margins

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African Energy Chamber

A government three-year review documents how executive action under President Tinubu reversed a decade of upstream decline

JOHANNESBURG, South Africa, May 8, 2026/APO Group/ –Nigeria has gone from capturing 4% of Africa’s upstream final investment decisions (FIDs) to commanding 40% in two years, according to Nigeria’s Energy Sector Reforms 2023-2026: A Three-Year Review, published by the Office of the Special Adviser to the President on Energy and spearheaded by Special Adviser Olu Verheijen. The $50 billion project pipeline now in development beyond 2026 points to sustained capital commitment at a scale not seen in the Nigerian upstream for at least a decade.

 

Between 2014 and 2023, Nigeria was among the continent’s weakest performers for upstream FIDs despite holding 37.5 billion barrels of proven oil reserves, the second-largest endowment in Africa. Algeria captured 44% of African upstream FIDs during that period, Angola held 26%, while Nigeria trailed Mozambique, Ghana, Senegal and Namibia. In the third quarter of 2022, crude production briefly dropped below one million barrels per day, as years of underinvestment, pipeline vandalism and regulatory ambiguity compounded each other. However, reforms instituted by Nigeria’s President Bola Tinubu have dramatically turned this trend around. Through deliberate and coordinated steps, the government has reset the trajectory.

Addressing Fiscal Terms, Regulatory Scope and Contracting Speed

President Bola Tinubu’s administration moved simultaneously on fiscal terms and regulatory architecture. Policy directives in 2023 clarified the boundary of jurisdiction between the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), resolving an ambiguity that had complicated project sanctioning. Presidential Directive 40 introduced targeted tax incentives, and a separate Notice of Tax Incentives for Deep Offshore Production in 2024 was designed to draw international oil companies (IOCs) back into capital-intensive, long-cycle deepwater projects. The VAT Modification Order 2024 and Upstream Cost Efficiency Order 2025 addressed the cost structures that had rendered marginal projects uneconomic. NNPCL contracting timelines were compressed from 36 months to a maximum of six months.

Four Divestments Transferred Onshore Control to Indigenous Operators

In parallel, the administration deployed targeted security directives and accelerated ministerial consents for four IOC asset transfers. Renaissance acquired Shell’s onshore portfolio. Seplat Energy completed its acquisition of ExxonMobil’s Nigerian upstream interests. Oando took over from Agip, and Chappal acquired Equinor’s local assets. The four transactions totaled approximately $4 billion. The transfer of onshore and shallow-water blocks to indigenous operators contributed directly to production recovery. Output rose by approximately 400,000 barrels per day between 2023 and 2025 to reach 1.6 million barrels per day, the highest onshore production level in 20 years.

When a government rebuilds fiscal competitiveness and regulatory predictability at the same time, capital responds

Signed Projects Total $10 Billion, With a $50 Billion Pipeline Beyond

The reforms produced a concrete FID response from Shell and TotalEnergies. Shell Nigeria Exploration and Production Company (SNEPCo) sanctioned the $5 billion Bonga North deepwater development in December 2024 and committed a further $2 billion to the HI Non-Associated Gas (NAG) project. TotalEnergies and NNPCL took a joint FID on the $550 million Ubeta gas field development in June 2024.

Together those three commitments account for more than $10 billion in signed investment after a decade of near-zero sanctioning activity. The pipeline beyond 2026 spans a further $50 billion across 11 projects including Bonga South West, Owowo, Usan and Erha. Nigeria approved 28 field development plans valued at $18.2 billion in 2025 alone, targeting an estimated 1.4 billion barrels of reserves.

“When a government rebuilds fiscal competitiveness and regulatory predictability at the same time, capital responds,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “Nigeria has done both, and the FID numbers are concrete proof.”

The Counterfactual Illustrates How Much Was at Stake

The presentation includes a no-reform projection that puts the gains in context. Without intervention, total crude and condensate production was on track to fall from 1.371 million barrels of oil equivalent per day in 2022 to 579,000 by 2030. Under the reform trajectory, output reached 1.77 million barrels of oil equivalent per day in 2026, with a stated government target of 3 million barrels per day. Export gas utilization rose 39% over the same period, while domestic utilization grew by 7%.

The durability of these gains will be tested by two factors: whether the institutional architecture put in place under the Tinubu administration holds over the long term, and whether the deepwater commitments signed in 2024 and 2025 advance to execution on schedule. The project pipeline is large enough that partial delivery would still represent a generational shift in Nigeria’s upstream output profile.

 

Distributed by APO Group on behalf of African Energy Chamber.

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Angola Strengthens Global Investment Drive Across Oil, Gas and Mineral Resources

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Angola

With sweeping reforms across the extractive sector, Angola is entering a new phase defined by transparency, regulatory modernisation, value addition, and international partnership

LONDON, United Kingdom, May 8, 2026/APO Group/ –At a defining moment in Angola’s economic transformation, the Critical Minerals Africa Group (CMAG) (https://CMAGAfrica.com), together with the Government of Angola and the Ministry of Mineral Resources, Petroleum and Gas of the Republic of Angola (MIREMPET), will convene global investors, policymakers, and industry leaders in London for the Angola Oil, Gas & Mining Investment Conference on 14 May 2026.

 

More than a conference, this gathering represents a strategic international engagement at a time when Angola is actively reshaping its economic future and positioning itself as one of Africa’s most compelling destinations for long-term investment in natural resources, infrastructure, and industrial development.

With sweeping reforms across the extractive sector, Angola is entering a new phase defined by transparency, regulatory modernisation, value addition, and international partnership. The country’s leadership is sending a clear message to global markets: Angola is open for investment and ready to build transformational partnerships that support sustainable growth and economic diversification.

This is not simply about resource development, it is about building long-term industrial growth, strengthening energy and mineral supply chains, and shaping Angola’s future

The event will be headlined by H.E. Diamantino Azevedo, Minister for Mineral Resources, Oil and Gas of Angola, whose leadership since 2017 has been central to advancing Angola’s mineral and hydrocarbons agenda. Under his stewardship, Angola has accelerated institutional reform, strengthened governance frameworks, promoted private sector participation, and prioritised sustainable resource development.

As global demand intensifies for critical minerals, energy security, and resilient supply chains, Angola is uniquely positioned to become a strategic partner to international investors and industrial economies. The country’s vast untapped mineral wealth, significant oil and gas reserves, expanding infrastructure ambitions, and commitment to economic diversification present a rare investment window for global stakeholders.

Speaking ahead of the event, Veronica Bolton Smith, CEO of the Critical Minerals Africa Group said:

“Angola stands at a pivotal point in its national development. The reforms taking place across the country’s extractive sectors are creating unprecedented opportunities for responsible international investment and strategic partnership. This is not simply about resource development, it is about building long-term industrial growth, strengthening energy and mineral supply chains, and shaping Angola’s future as a globally competitive investment destination. We believe this moment represents one of the most important opportunities for international partners to engage with Angola’s leadership and participate in the country’s next chapter of economic transformation.”

The event is expected to attract a distinguished international audience, including sovereign representatives, institutional investors, mining and energy executives, infrastructure developers, development finance institutions, and strategic partners seeking direct engagement with Angola’s leadership.

Distributed by APO Group on behalf of Critical Minerals Africa Group (CMAG).

 

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The Islamic Development Bank (IsDB) Group Successfully Concludes Private Sector Roadshow in Baku

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Islamic Development Bank

Bringing together a diverse range of stakeholders, the Forum showcased IsDB Group services, activities, and initiatives across its 57 member countries, with particular emphasis on Azerbaijan

BAKU, Azerbaijan, May 7, 2026/APO Group/ –The Islamic Development Bank Group (IsDB) affiliates (www.IsDB.org) – namely the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), and the International Islamic Trade Finance Corporation (ITFC) – in cooperation with the Islamic Development Bank Group Business Forum (THIQAH), organized the “IsDB Group Private Sector Roadshow” in Baku, Azerbaijan, in close collaboration with the Ministry of Economy of the Republic of Azerbaijan and the Export and Investment Promotion Agency of the Republic of Azerbaijan (AZPROMO).

 

The high-profile event which took place on Thursday, 7th May 2026, at Azerbaijan’s Ministry of Economy, came as part of ongoing preparations for the upcoming IsDB Group Annual Meetings and Private Sector Forum (PSF 2026), scheduled to take place from 16 to 19 June 2026, under the high patronage of His Excellency President Ilham Aliyev, the President of the Republic of Azerbaijan.

 

Bringing together a diverse range of stakeholders, the Forum showcased IsDB Group services, activities, and initiatives across its 57 member countries, with particular emphasis on Azerbaijan. It highlighted the Group’s ongoing support for private sector development and its efforts to stimulate promising investment and trade opportunities in the Azerbaijani market.

 

The event also served as a unique opportunity inviting the audience to participate actively in IsDB Group Annual Meetings and the Private Sector Forum (PSF 2026). The program included panel discussions and specialized workshops on ways to enhance economic partnerships and the role of IsDB Group’s institutions in supporting the needs of member countries. The spectra of services, solutions and financial tools were also presented, including lines and modes of Islamic financing, trade finance and trade development solutions, corporate private sector financing, as well as risk mitigation solutions plus investment insurance and export credit insurance services.

 

Keynote speakers, in their speeches, underlined strong commitment to deepening engagement with the private sector and fostering meaningful partnerships that drive sustainable economic growth in light of the upcoming IsDB Group Annual Meetings in Baku, all to showcase integrated solutions especially in Islamic finance, trade, investment, and risk mitigation while working closely and collectively with private sector partners to unlock new opportunities, support innovation, and empower businesses contributing to inclusive and resilient development across IsDB Group member countries.

Distributed by APO Group on behalf of Islamic Development Bank Group (IsDB Group).

 

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