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  • 28 December 2020
    Business & Finance, R&D, Technology

    X1 Wind, which leads the PivotBuoy floating wind platform project in Spain, has been selected in the last round of funding in the pilot phase of the European Innovation Council (EIC) Accelerator. The company has been chosen for funding support together with 37 European start-ups and SMEs to receive between EUR 1 million and EUR […]

  • 10 December 2020
    Business & Finance, Contracts & Tenders, Wind Farm Update

    Amazon has signed a ten-year corporate power purchase agreement with Ørsted to offtake the output of 250 MW from Ørsted’s planned 900 MW Borkum Riffgrund 3 offshore wind farm in Germany. This CPPA will contribute to Amazon’s target of being 100 per cent renewable by 2030 as part of the company’s goal to reach net-zero […]

  • 7 December 2020
    Environment, R&D, Technology

    Norwegian energy major Equinor and German utility RWE have joined the NortH2 green hydrogen project in the Netherlands. NortH2 aims to produce green hydrogen using electricity from about 4 GW of offshore wind off the coast of the Netherlands by 2030, and 10+ GW by 2040. The project was launched in February 2020 by Shell, […]

  • 7 December 2020
    Contracts & Tenders, Wind Farm Update

    Teras Offshore, a wholly owned subsidiary of Ezion Holdings, has signed a deal worth USD 83.4 million (around EUR 68.7 million) for the transportation and installation of 31 9.5 MW offshore wind turbines at Taipower Offshore Wind Project Phase II (TPC Changhua Phase II). The contract was awarded by Foxwell, an affiliate company of Shinfox […]

  • 3 December 2020
    Authorities, Contracts & Tenders, Wind Farm Update

    Lithuanian government has allocated EUR 7.5 million to prepare for its first offshore wind tender and the development of the first 700 MW of offshore wind capacity in its part of the Baltic Sea. The funds will support environmental impact assessments and other studies and surveys to be carried out from 2021 until 2023 in […]

  • 2 December 2020
    Business & Finance, R&D, Technology

    Siemens Gamesa has arranged a EUR 300 million loan from the European Investment Bank (EIB) to fund its research and development and innovation (RDI) strategy through 2023. The deal comprises an initial EUR 150 million tranche, and a second tranche for the same amount that may be tapped next year. The EIB loan will be […]

  • 26 November 2020
    R&D, Technology

    The European Commission has awarded Saitec Engineering with EUR 2.4 million funding under the Blue Economy Window call. The funding will support the SATHScale project in bringing to market the SATH floating wind technology through scaling-up the prototype from the technology validation and demonstration to Technology Readiness Levels (TRLs) required for commercial products in the relevant markets. Saitec already put its […]

  • 25 November 2020
    Business & Finance, industry

    WindEurope and SolarPower Europe, supported by Breakthrough Energy, have launched a new coalition that is said to give voice to businesses and thought leaders who will be decisive in positioning Europe as the world leader in renewable hydrogen, produced via electrolysis and 100 per cent powered by renewable electricity. The Renewable Hydrogen Coalition (RHC) was […]

  • 17 November 2020
    Business & Finance, Environment

    Eighteen offshore wind companies, transmission system operators and environmental NGOs have launched a new coalition dedicated to ensuring that Europe delivers its planned expansion of offshore wind energy while preserving nature and marine ecosystems. The aim of the Offshore Energy and Nature Coalition is to help the EU and national governments reach their climate goals […]

  • 12 November 2020

    Singapore-based integrated marine services provider PSA Marine has secured a three-year EUR 30 million equivalent sustainability-linked loan from DBS Bank. The loan features an interest rate adjustment linked to an Environmental, Social, and Governance (ESG) target. This requires a fleet of PSA Marine’s Crew Transfer Vessels (CTVs) to be substantially deployed to support offshore wind […]

  • 11 November 2020
    Wind Farm Update

    MHI Vestas has installed the first V164-9.5 MW turbine on a floating platform for the Kincardine offshore wind project. The first V164-9.5 MW turbine was installed on a Principle Power WindFloat platform at the installation harbour in Rotterdam, the Netherlands. The turbine is the first of five such units to be installed at the Kincardine […]

  • 30 October 2020
    Vessels

    United Wind Logistics (UWL) has taken delivery of the second of the two deck carriers on long-term charters with MHI Vestas Offshore Wind. MV BraveWind is the sister vessel to MV BoldWind, which was delivered earlier this year. Both vessels were built at Jiangsu Zhenjiang Shipyard in China. MHI Vestas will use the vessels to […]

  • 16 October 2020
    Business & Finance

    UK-headquartered Charles Taylor Marine Technical Services and Denmark-based Survey Association have formed a strategic alliance to provide Marine Warranty Surveyor (MWS) services to the U.S. offshore wind sector. The new alliance highlighted its in-depth marine operations experience brought in by both companies, saying it would enhance the risk management of offshore wind farm construction projects […]

  • 16 October 2020
    Business & Finance, Wind Farm Update

    European Offshore Wind Deployment Centre (EOWDC), also known as Aberdeen Offshore Wind Farm and “famous” for being the offshore wind project the current U.S. President Donald Trump fought against, is estimated to bring the Aberdeenshire area more than GBP 100 million (around EUR 110 million) over its operational lifetime. Namely, according to a new socio-economic […]

  • 16 October 2020
    Authorities, Wind Farm Update

    European Energy has officially filed for permission to build the 320 MW Omø South and the 240 MW Jammerland Bay wind farms offshore Denmark. The filing comes five months after the Danish Energy Agency greenlit the preliminary environment impact assessments related to both projects. European Energy has already initiated technical inspections of the seabed at […]

  • 15 October 2020
    Authorities, Business & Finance

    Australian government has dedicated AUD 4.8 million (around EUR 2.9 million) from its 2020-2021 Federal Budget to the development of a regulatory framework related to offshore renewables. According to the budget document, the funds will “support the development of a regulatory framework for offshore clean energy infrastructure industry, consistent with the Australian Government Charging Framework”. […]

  • 9 October 2020
    Contracts & Tenders, Vessels

    Singapore-based Keppel Offshore & Marine has secured a contract an engineering, procurement and construction (EPC) contract for a vessel which will work in the offshore renewable energy industry. The deal is valued at approximately SGD 600 million (around EUR 375 million). Aside from the contract announcement and the estimated value, Keppel has not disclosed any […]

  • 5 October 2020
    Business & Finance, Grid Connection

    The European Commission is investing EUR 14 million in the North Sea Wind Power Hub (NSWPH) program. The financing will be used to carry out a study to support the development of the project. Consortium partners behind the NSWPH, Gasunie, TenneT Netherlands, TenneT Germany, and Energinet have joined together to develop a large-scale European energy system […]

  • 19 August 2020
    Wind Farm Update

    European Energy is set to begin the development phase of its Omø South and Jammerland Bay offshore wind projects in Denmark. The first steps of the development phase will follow in the coming weeks with the preliminary inspections of the seabed at the project sites, which will help detemine the final project designs. European Energy […]

  • 17 August 2020
    Business & Finance

    The Global Wind Energy Council (GWEC) and the European Chamber of Commerce Taiwan (ECCT) have signed a Memorandum of Understanding (MOU) on joint activities to support offshore wind development in Taiwan. The organisations will focus on developing opportunities and areas for cooperation through joint advocacy initiatives and other activities. GWEC and ECCT said they shared […]

  • 12 August 2020
    Business & Finance

    Bladt Industries has noted a loss of DKK 42 million (approximately EUR 5.6 million) in its full-year 2019 results, but at the same time the company also reported a record-high order book and workforce increase. Namely, the company registered an extraordinary write-down of DKK 85 million (approx. EUR 11.4 million) related to a pending arbitration […]

  • 3 August 2020
    Business & Finance, Grid Connection

    TenneT will raise its investment in renewable energy connections to EUR 4 to 5 billion per year, the transmission system operator (TSO) said in a press release from 31 July, also reporting a 30% increase in its investment agenda in the first half of 2020. The TSO, operating in Germany and the Netherlands, said it […]

  • 16 July 2020
    Business & Finance

    TenneT has issued a EUR 1 billion Green Hybrid Bond, from which the proceeds will be used to connect large-scale offshore wind to the electricity grid, with investors showing “keen interest” and the issue being 2.5 times oversubscribed. On 15 July, the transmission system operator priced its EUR 1 billion Green Hybrid Bond issue with […]

  • 8 July 2020
    Business & Finance

    Offshore wind is the third most opted for energy source for corporate power purchase agreements (CPPAs), according to a survey of the European CPPA market carried out by law firm Fieldfisher. Some 54 per cent of survey respondents said they would consider signing a power purchase agreement (PPA) for offshore wind energy. This ranks offshore […]

  • 29 June 2020
    Contracts & Tenders

    Jutal Offshore Oil Services has been awarded a contract for an offshore wind farm in Europe, according to a recent press release from the company. The China-based company informed its wholly owned subsidiary Jutal Offshore Oil Services (Zhuhai) won several new contracts, including one for the construction and delivery of “50 sets of offshore wind […]

  • 26 June 2020
    Business & Finance, Grid Connection

    Works to install the Borssele Beta export cable in the Netherlands will set TenneT back an additional EUR 50 million after contractors discovered unstable soil along the cable route. Namely, the cable installation contract TenneT signed with NKT and VBMS (now Boskalis Subsea) in 2016/2017 will now be worth EUR 210 million, instead of EUR […]