Search results for: rentel

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  • Smulders, Neptun Werft Join Forces to Build Offshore Converter Platforms in Germany

    15 November 2023
    Business & Finance, Collaboration, Outlook & Strategy

    The Meyer Group, which includes Neptun Werft in Warnemünde, Germany, is joining forces with the Belgian company Smulders to build offshore converter platforms at the Warnemünde site. The two companies will jointly form Neptun Smulders Offshore Renewables and Neptun Smulders Engineering, which will take over the design and manufacture of the platforms. The contemplated joint […]

  • UK Companies Forge O&M Services Alliance

    31 October 2023
    Collaboration, Operations & Maintenance, Outlook & Strategy

    RES, GEV Wind Power, Outreach Offshore, and Rix Renewables have launched the Offshore Wind O&M Partnership (OWOP) to supply a complete package of long-term operations and maintenance (O&M) services to offshore wind asset owners. The Partnership aims to reduce the complexity and resource intensity associated with the traditional way of subcontracting for multiple O&M services, […]

  • Ørsted Cancels Two Wind Projects Offshore New Jersey, Clears Revolution Wind for Takeoff

    1 November 2023
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    Danish renewable energy developer Ørsted has decided to cease the development of the Ocean Wind 1 and Ocean Wind 2 offshore wind projects in New Jersey. In addition, the company, together with Eversource, has taken a final investment decision (FID) on the 704 MW Revolution Wind, Rhode Island and Connecticut’s first utility-scale offshore wind farm. […]

  • Six Energy Companies Unite to Accelerate Offshore Wind Development in Philippines

    20 December 2023
    Business development, Collaboration, Outlook & Strategy, Research & Development

    Six energy companies have joined forces and formed the Philippine-based offshore wind industry organisation to provide expertise and technical resource to accelerate the development of offshore wind projects in the country. The organisation, named Pilipinas Offshore Wind Energy Resource Inc. (POWER), is formed by the following energy companies: Acen Corporation (ACEN), The Blue Circle (TBC), […]

  • Work Starts on World’s Largest Floating Solar Project, Part of RWE’s OranjeWind

    4 March 2024
    Business & Finance, Business development, Fixed-Bottom, R&D, Research & Development

    The Nautical SUNRISE consortium partners have commenced the project whose goal is to facilitate research and development of offshore floating solar systems and its components. The project aims to integrate a 5 MW offshore floating solar system within RWE’s OranjeWind, a wind farm to be built 53 kilometres off the Dutch coast. Research and development […]

  • US Gets Its First Commercial-Scale Offshore Wind Farm

    15 March 2024
    Fixed-Bottom, Project Updates, Wind Farm Update

    Construction has been completed and all twelve wind turbines have been powered up at the first commercial-scale offshore wind farm in the US, the 132 MW South Fork Wind. The project has started delivering power to Long Island and the Rockaways, offshore New York, with commissioning in its final stage. “When I broke ground on […]

  • Fred. Olsen Seawind, EDF Slash Turbine Count for Codling Wind Park

    5 April 2024
    Fixed-Bottom, Project Updates, Wind Farm Update

    Fred. Olsen Seawind and EDF Renewables have confirmed a 25 per cent reduction in the number of turbines required to deliver the 1,300 MW Codling offshore wind farm in Ireland. The project will now feature a maximum of 75 wind turbines, instead of the previously anticipated 100 units. The new details about the project were […]

  • Statkraft Buys Swedish Company with 21 GW Offshore Wind Portfolio

    26 October 2023
    Business & Finance, Industry

    Vindkraft Värmland and Njordr, the Nordic developer, have sold 100 per cent of the shares in the joint company, Njordr Offshore Wind (NOW), to Statkraft. NOW holds a pre-permit portfolio of nine offshore wind projects in the Swedish economic zone with a total potential for up to 21 GW of installed capacity. The portfolio includes […]

  • BW Ideol and Holcim to Explore Use of Low-Carbon Concrete in Floating Offshore Wind

    22 April 2024
    Collaboration, Floating Wind, Foundations, Innovation, Outlook & Strategy, Research & Development, Supply Chain, Technology

    BW Ideol and Holcim have signed a Memorandum of Understanding (MoU) for a feasibility study on supplying beneficial low-carbon concrete for the floating offshore wind industry, with particular reference to Scotland. BW Ideol and Holcim aim to collaborate on optimising the supply of the innovative concrete needed for the intended mass production of BW Ideol’s […]

  • IKEA Owner Continues Acquisition Spree, Buys Stake in OX2 Swedish Offshore Wind Projects

    29 November 2023
    Business & Finance

    OX2 has agreed with Ingka Investments, the investment arm of Ingka Group, the biggest IKEA retailer, to sell a 49 per cent stake in next-generation Swedish offshore wind projects. The transaction includes the Pleione offshore wind projects, located east of Gotland, and Neptunus, located southeast of Blekinge which amounted to 2.4 GW in OX2’s development […]

  • Octopus Energy Creates GBP 3 Billion Offshore Wind Fund

    17 November 2023
    Business & Finance, Collaboration, Outlook & Strategy

    Octopus Energy’s generation arm has launched a dedicated fund with Japan’s Tokyo Gas to invest GBP 3 billion (approximately EUR 3.5 billion) in offshore wind globally by 2030. The fund, set up with a GBP 190 million (about EUR 217 million) cornerstone investment from Tokyo Gas, will invest in the development, construction, and operational stage […]

  • Japanese Company to Acquire Stake in Dutch Nature-Inclusive Offshore Wind Farm

    2 February 2024
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    Eneco and Chubu Electric Power have signed an agreement that will see the Japanese company acquiring a 30 per cent stake in Ecowende, a joint venture between Eneco and Shell that is developing a large-scale offshore wind farm at the Hollandse Kust West Site VI in the Netherlands. In the Ecowende joint venture, Eneco holds […]

  • US DOE Launches USD 14.5 Million Funding Opportunity for R&D in Marine and Offshore Wind Energy

    18 January 2024
    Innovation, Research & Development

    The US Department of Energy (DOE) has released a USD 14.5 million funding opportunity to address challenges in marine and ocean renewable energy industries and to encourage innovation. DOE’s Water Power Technologies Office (WPTO) and Wind Energy Technologies Office (WETO) issued a funding notice on 16 January, inviting domestic institutions of higher education, including minority-serving […]

  • BP and Equinor Terminate Empire Wind 2 Offtake Agreement, Await ‘New Offtake Opportunities’

    4 January 2024
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    The US joint venture between BP and Equinor has agreed with the New York State Energy Research and Development Authority (NYSERDA) to terminate the Offshore Wind Renewable Energy Certificate (OREC) agreement for the 1,260 MW Empire Wind 2 offshore wind project that recently obtained federal approval. The move comes after the joint venture, and two […]

  • Shell Exits US Offshore Wind Project, Sells Stake to Ocean Winds

    21 March 2024
    Business & Finance, Project Updates, Wind Farm Update

    Shell New Energies, a subsidiary of Shell, has sold its 50 per cent equity share in SouthCoast Wind Energy, established in 2018 to develop wind projects off the coast of Massachusetts, to its joint venture partner Ocean Winds North America for an undisclosed sum. According to Shell, the deal with Ocean Winds was structured to […]

  • BREAKING: Finland Opens 3 GW Offshore Wind Auction Round

    23 November 2023
    Authorities, Business development, Planning & Permitting, Research & Development

    The Finnish Government has adopted a resolution to launch the tendering procedure for five offshore wind projects in public water areas. With the government resolution, Metsähallitus will immediately launch the process to select the implementing partners for two offshore wind power projects. The competitive tendering procedures to be launched this year will concern the offshore […]

  • Masdar to Invest in Iberdrola’s 1.4 GW East Anglia Offshore Wind Project

    5 December 2023
    Business & Finance, Business development, Collaboration, Outlook & Strategy, Research & Development

    Iberdrola and Masdar have signed a strategic partnership agreement to evaluate the joint development of offshore wind and green hydrogen projects in Germany, the UK, and the US, which also includes an investment in Iberdrola’s 1.4 GW East Anglia 3 offshore wind project in the UK. After the parties’ successful co-investment in the Baltic Eagle […]

  • Victoria Releases Updated Strategy to Boost Offshore Wind Industry

    14 December 2023
    Authorities, Business development, Planning & Permitting, Research & Development

    Victorian Energy and Resources Minister Lily D’Ambrosio has issued the Offshore Wind Implementation Statement 3 which outlines the parameters for the proposed support package for the first tranche of offshore wind projects in Victoria, Australia. The first tranche of offshore wind projects in Victoria will be run through a competitive auction process to be rolled out […]

  • Newly Converted Cable-Layer Arrives in Taichung Port Ahead of Work at Yunlin Offshore Wind Farm Site

    29 March 2024
    Cables, Fixed-Bottom, Grid Connection, Project Updates, Vessels, Wind Farm Update

    Orient Adventurer, formerly the construction and flex lay vessel Polar Onyx which has been converted into a cable-laying vessel (CLV), has arrived in Taiwan’s port of Taichung, from where it will soon sail out to the Yunlin offshore wind farm site. The vessel will carry out cable-laying work on the Yunlin project under the partnership between […]

  • UK Set to Provide Record GBP 800 Million Support for Offshore Wind Projects

    7 March 2024
    Authorities, Business & Finance, Fixed-Bottom, Floating Wind, Planning & Permitting

    The UK government has revealed the budget of over GBP 1 billion (approximately EUR 1.2 billion) for this year’s Contracts for Difference (CfD) Allocation Round 6 (AR6) with the majority of it, GBP 800 million (around EUR 936 million), earmarked for offshore wind. The Department for Energy Security and Net Zero (DESNZ) confirmed that over […]

  • Japanese Shipowner Invests in Wind Turbine Maintenance Company

    10 January 2024
    Business & Finance, Business development

    Japanese shipowner Mitsui O.S.K. Lines (MOL) has signed an agreement to form a capital alliance by acquiring most of the outstanding shares of its compatriot Hokutaku. According to MOL, Hokutaku is the largest third-party wind turbine maintenance company in Japan covering about 80 per cent of the approximately 2,600 wind turbines in the country. “While […]

  • Equinor Forms Union Alliance for New York’s First Offshore Wind Hub

    28 March 2024
    Business & Finance, Collaboration, Jobs & Recruitment, Operations & Maintenance, Outlook & Strategy

    Empire Wind and the Building & Construction Trades Council of Greater New York and Vicinity (BCTC) have signed a Project Labor Agreement (PLA) for the construction of the South Brooklyn Marine Terminal (SMBT). The revitalized SMBT will play a key role in Equinor’s development of the Empire Wind offshore wind project as a staging and assembly […]

  • Vattenfall and Air Liquide Sign Another PPA for Subsidy-Free Hollandse Kust Zuid

    24 October 2023
    Business & Finance, Contracts & Tenders, Fixed-Bottom, Project Updates, Supply Chain, Wind Farm Update

    Vattenfall and France-based Air Liquide have signed a power purchase agreement (PPA) covering 115 MW of capacity of the 1.5 GW Hollandse Kust Zuid, one of the largest offshore wind farms in the world. Contracted over a 15-year period beginning in 2026, the PPA will bring the overall renewable power capacity available to Air Liquide […]

  • New York’s First Offshore Wind Farm Halfway Completed

    25 January 2024
    Fixed-Bottom, Project Updates, Wind Farm Update

    The installation of wind turbines on South Fork Wind, New York’s first offshore wind farm, has reached a halfway point. According to an update on social media posted by South Fork Wind, developed by Ørsted and Eversource Energy, six of the project’s twelve turbines are now installed and supplying electricity to the Long Island grid. […]

  • Empire Wind 1 Cleared to Start Construction

    23 February 2024
    Authorities, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    The US Bureau of Ocean Energy Management (BOEM) has approved the Construction and Operations Plan (COP) for Equinor’s Empire Wind offshore wind project in New York, the US. With this approval secured, the developer is planning to start the construction of Empire Wind 1 later this year. The approved plan includes the construction and operation […]

  • Sapura Energy Faces EUR 50 Million Arbitration Claim Over Taiwanese Offshore Wind Exit

    31 January 2024
    Business & Finance, Contracts & Tenders, Industry, Supply Chain

    Malaysia-headquartered Sapura Energy Berhad (SEB) and its wholly-owned subsidiary Sapura Offshore Sdn. Bhd. (SOSB) have been served with a EUR 50 million arbitration claim from Yunneng Wind Power, the developer of the Yunlin offshore wind farm in Taiwan, over alleged contract breaches. The company added that Yunneng has reserved its right to further specify and […]