1105 results found for 'race bank'

1105 results found for 'race bank'
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  • Norwegian Sovereign Fund Completes EUR 1.4 Billion Thor, Nordseecluster Buy-In

    4 June 2025
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    RWE and Norges Bank Investment Management (NBIM) have closed a transaction worth approximately EUR 1.4 billion, through which NBIM has acquired a 49 per cent equity stake in RWE’s Thor and Nordseecluster offshore wind projects in Denmark and Germany, respectively. The developer and NBIM, which manages the international investments of the Norwegian sovereign wealth fund, […]

  • Norway’s Sovereign Wealth Fund Buys Into Large-Scale German, Danish Offshore Wind Projects

    31 March 2025
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    Norges Bank Investment Management (NBIM), which manages the international investments of the Norwegian sovereign wealth fund and Norges Bank’s foreign exchange reserves, is acquiring ownership in RWE’s Nordseecluster and Thor offshore wind farms, a 49 per cent stake in each. RWE said on 31 March that it had signed an agreement with NBIM for an agreed […]

  • UK Gov’t Takes Action to Curb Underwater Noise in Offshore Wind Development

    23 January 2025
    Authorities, Business development, Environment, Industry, Planning & Permitting, R&D, Research & Development, Technology

    The UK Department for Environment, Food & Rural Affairs (Defra) has unveiled new measures to minimise underwater noise levels during the construction of offshore wind projects. As part of the government’s Plan for Change, the measures should reduce noise levels in the sea to allow new offshore wind projects to be built at pace, particularly […]

  • Ørsted Slims Down Investment Programme, Discontinues Previous Renewable Energy Capacity Target

    7 February 2025
    Business & Finance, Fixed-Bottom, Floating Wind, Planning & Permitting

    Ørsted will reduce the investment programme the company planned to implement by 2030 by around 25 per cent, saying the reduction was in line with its commitment to ensure a capital structure that can support a solid investment grade credit rating. The slimmed-down strategic investment programme will not affect Ørsted’s construction portfolio which totals 9 […]

  • Atlantic Shores Requests to Terminate 1.5 GW OREC Contract with New Jersey | ‘Presidential Wind Memorandum, Subsequent Actions Directly Impacted Project Feasibility’

    10 June 2025
    Business & Finance, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    Atlantic Shores Offshore Wind has submitted a request to the New Jersey Board of Public Utilities (NJBPU), seeking that the existing offshore renewable energy credit (OREC) order, issued by the NJBPU in 2021 for 1,509.6 MW of generation capacity at Atlantic Shores Project 1, be terminated. The developer, which planned to take the final investment […]

  • US House of Representatives Passes Bill That Cuts IRA Provisions Supporting Offshore Wind Development

    22 May 2025
    Authorities, Grid Connection, Industry, Manufacturing, Supply Chain

    The United States House of Representatives has passed a bill that, among other things, rescinds provisions from the Inflation Reduction Act (IRA) that were set up to strengthen the domestic offshore wind supply chain and back the development of new offshore wind transmission infrastructure. Passed on 22 May with 215 votes in favour of the […]

  • Havfram’s First Wind Turbine Installation Vessel Hits the Water

    13 February 2025
    Vessels

    Havfram’s first wind turbine installation vessel (WTIV), Norse Wind, has been launched at Yantai CIMC Raffles Offshore’s shipyard in China. In 2021, Havfram signed a letter of intent with China’s CIMC-Raffles to build a series of next-generation wind turbine installation vessels. The company’s first self-propelled jack-up vessel will be equipped with the NOV variable speed drive rack […]

  • All Eyes on EU as It Presents Clean Industrial Deal to Future-Proof Energy Sector

    28 February 2025
    Authorities, Market Outlooks, Outlook & Strategy, Planning & Permitting, Transition

    The European Union has unveiled the Clean Industrial Deal, a transformational business plan outlining concrete actions to turn decarbonisation into ‘a driver of growth‘ for European industries by supporting renewable energy sources. Specifically, the plan aims to lower energy prices, create ‘quality’ jobs and the ‘right’ conditions for companies to thrive, accelerating decarbonisation while at […]

  • UK Gov’t Pledges GBP 300 Million to Boost Offshore Wind Supply Chain

    24 April 2025
    Authorities, Business & Finance, Planning & Permitting, Supply Chain

    The UK government has announced GBP 300 million (approximately EUR 350 million) of funding through the country’s publicly owned clean energy company, Great British Energy, to invest in domestic offshore wind supply chains. The funding, which was brought forward by the UK Prime Minister Keir Starmer ahead of the Comprehensive Spending Review, will allow Great […]

  • New Jersey Cancels Fourth Offshore Wind Solicitation Amid Federal Shifts and Shell’s Exit

    4 February 2025
    Authorities, Planning & Permitting

    The New Jersey Board of Public Utilities (NJBPU) has cancelled the bidding process for the state’s fourth offshore wind solicitation, citing uncertainty caused by recent federal actions and Shell’s withdrawal from the Atlantic Shores offshore wind project. The state’s fourth round of offshore wind solicitation was launched in May 2024, initially aimed at awarding between […]

  • Industry Calls for Europe to Auction 100+ GW of New Offshore Wind Capacity in Next Decade, Commits to Lowering LCOE by 30 Pct

    10 April 2025
    Business & Finance, Fixed-Bottom, Floating Wind, Industry

    The European wind industry has proposed a New Offshore Wind Deal for Europe that calls on the governments to auction at least 10 GW of new offshore wind capacity per year, in total, from 2031 to 2040, while the industry has committed to reducing the levelised cost of electricity (LCOE) by 30 per cent by […]

  • Alpha Ventus Consortium Decides to Decommission Germany’s First Offshore Wind Farm

    22 May 2025
    Fixed-Bottom, Project Updates, Wind Farm Update

    The consortium behind Germany’s first offshore wind farm has decided to decommission the 60 MW Alpha Ventus and is currently developing a concept for an environmentally friendly dismantling of the 15-year-old wind farm with relevant authorities. The news about the Alpha Ventus consortium (EWE, RWE and Vattenfall) considering the next steps for the offshore wind farm, […]

  • Dutch Gov’t Lowers 2040 Offshore Wind Target | ’50 GW Unrealistic and Unnecessary’

    17 July 2025
    Authorities, Grid Connection, Planning & Permitting

    Dutch Minister for Climate and Green Growth, Sophie Hermans, presented the North Sea Wind Energy Infrastructure Plan (WIN) on 16 July to Parliament and said that the 2040 offshore wind target of 50 GW will be lowered. The new plan and Climate and Energy Memorandum, expected to be released and signed in September, are planned to […]

  • “Little Giants” of Tower & Foundation Production: Defying Expectations Without Compromising Expertise 

    30 April 2025
    Business development, Collaboration, Industry

    The BIG 5 alliance defies all odds without compromising on quality or expertise. This bold coalition, featuring LINSINGER Maschinenbau GmbH, MIBA Group, HAEUSLER AG, ENABL A/S, and partners, unites decades of expertise to transform manufacturers’ production efficiency, enhance their competitiveness, and reduce the levelized cost of energy. Producing wind turbine towers and foundations is no […]

  • Netherlands Looking at Offshore Hubs and Interconnectors, Where Does Hydrogen Stand?

    20 January 2025
    Business & Finance, Business development, Cables, Collaboration, Energy Islands, Environment, Green Hydrogen, Grid Connection, Industry, Infrastructure, Innovation, Market Outlooks, Offshore Platforms, Outlook & Strategy, Planning & Permitting, Technology, Transition

    Energy islands are no longer being considered in the Netherlands. Instead, the focus has been shifted to offshore energy hubs and interconnectors. With rising (cyber)security concerns as a result of a number of recent incidents in European waters, as well as the Russia-Ukraine war, diversification of the energy system is high on the agenda. Offshore […]

  • Spanish Manufacturer Joins European Offshore Wind Foundations Alliance

    12 December 2024
    Business & Finance, Foundations, Supply Chain

    Haizea Wind Group has become the sixth member of the Offshore Wind Foundations Alliance (OWFA), established by Bladt Industries, EEW Special Pipe Constructions, Sif Netherlands, Smulders Projects Belgium, and Steelwind Nordenham in 2021. In 2021, the five founding members said OWFA was formed with an aim to raise awareness about the key role offshore wind […]

  • UPDATED: COD for 900 MW German Offshore Wind Farm Pushed Back from End-2025 to Early 2026

    6 December 2024
    Grid Connection, Project Updates, Wind Farm Update

    The 900 MW Borkum Riffgrund 3 offshore wind farm in Germany will be commissioned in the first quarter of 2026 instead of the initially planned fourth quarter of 2025 due to a delay in the grid connection construction. The cause of the grid connection delay can be traced back to 2020/2021 and the challenges in […]

  • Offshore Wind and Marine Energy Projects Get USD 18 Million Boost from US 

    6 December 2024
    Business & Finance, Business development, Floating Wind, Innovation, Market Outlooks, Outlook & Strategy, R&D, Research & Development

    The US Department of Energy (DOE) has allocated over USD 18 million for 27 research and development (R&D) projects to advance marine energy and offshore wind technologies. According to the US DOE, these initiatives, which will be undertaken across 17 universities, including five minority-serving institutions, aim to tackle challenges facing marine and ocean renewable energy […]

  • Vattenfall Sets Immediate Landfill Ban, Recycling Plan for More Wind Turbine Components

    31 October 2024
    Business & Finance, Business development, Environment, Wind Turbines

    Swedish multinational offshore wind developer, Vattenfall, which committed to a landfill ban on decommissioned wind turbine blades from the wind farms it owns back in 2021, has expanded the ban and set a recycling plan to include not only turbine blades but also permanent magnets, nacelle canopies and nose cones. “As of now, landfills will […]

  • LIVE BLOG: Offshore Energy Exhibition & Conference 2024

    27 November 2024
    Business & Finance, Business development, Environment, Fixed-Bottom, Floating Wind, Grid Connection, Industry, Infrastructure, Jobs & Recruitment, Operations & Maintenance, Outlook & Strategy, Planning & Permitting, Ports & Logistics, Power-to-X, Project Updates, R&D, Supply Chain, Technology, Training & Education, Vessels

    Welcome to the Live Blog! That’s a wrap! As OEEC 2024 comes to a close, Navingo invites all attendees to join for the final celebration! After two dynamic days of exploring innovations in the offshore energy sector, it’s time to relax, reflect and network over drinks and bites. Join us at the Stage for this […]

  • Race Bank Produces First Power

    18 May 2017
    Wind Farm Update

    Electricity has been generated for the first time at DONG Energy’s Race Bank offshore wind farm located off the North Norfolk coast.

  • Four Seacat’s CTVs Hired for Race Bank Construction Ops

    20 April 2016
    Vessels

    DONG Energy and Seacat Services have signed a two-year contract for four crew transfer vessels to support construction operations at the Race Bank offshore wind farm. Ian Baylis, Managing Director of Seacat Services, said: “Our work with DONG Energy on Race Bank over the coming months will enable us to channel further investment into the local supply chain by […]

  • First Race Bank Offshore Substation In Place

    17 August 2016
    Grid Connection, Wind Farm Update

    DONG Energy’s 580MW Race Bank offshore wind farm got the first of two of its offshore substations last week, Smulders reports. The topside and the jacket of the Race Bank 02 substation, loaded out back in June, were successfully installed at the site off Norfolk, UK, by Seaway Heavy Lifting. Iemants and Engie Fabricom are currently building […]

  • Race Bank Offshore Wind Farm Goes Full Throttle

    1 February 2018
    Grid Connection, Wind Farm Update

    Full power output has been achieved at Ørsted’s Race Bank offshore wind farm located off the North Norfolk coast, UK.

  • J. Murphy to Build Race Bank Onshore Substation for Dong

    17 March 2015
    Grid Connection, Wind Farm Update

    Dong Energy has awarded a £21.8 million contract to J. Murphy & Sons Limited for construction of an onshore substation for the Race Bank offshore wind farm development project. Race Bank, when operational, will have a capacity of up to 580 megawatts, enough to power over 400,000 UK homes. The wind farm will be located […]

  • Race Bank Switches On

    13 June 2018
    Wind Farm Update

    Ørsted and its project partners, Macquarie and Sumitomo, officially opened the 573MW Race Bank offshore wind farm on 13 June at a ceremony in Grimsby, UK.