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The Dunkirk offshore wind farm will deliver electricity to the French national grid at a strike price of EUR 44/MWh, Commission de régulation de l'énergie (CRE) has revealed. As reported earlier, the Eoliennes en mer de Dunkerque (EMD) consortium of EDF Renouvelables, innogy, and Enbridge was selected to construct and operate the Dunkirk offshore wind […]
The global offshore wind operation and maintenance (O&M) market is expected to grow by 17% annually to EUR 11 billion by 2028, according to new research from Wood Mackenzie Power and Renewables. Europe is the largest contributor with EUR 6.7 billion in value, while the Asia Pacific region is keeping up the pace in O&M […]
AQUIND Ltd has issued a EUR 1.3 billion tender for the 2GW AQUIND HVDC power transmission link that will connect the UK and France. The tender is divided into three lots, with the first including the design, engineering, manufacture, installation, commissioning and O&M of two converter stations to be located in Hampshire, UK, and Normandy, France. […]
SeaTwirl has secured a EUR 2.48 million grant from the European Commission for its SeaTwirl S2 floating wind turbine. SeaTwirl is receiving the grant for the 1MW full-scale floating wind turbine as part of the European Innovation Council's SME Instrument program. The grant will be used for the final phase of the S2 project and primarily […]
London-based fund manager Glennmont Partners has raised EUR 850 million in its Clean Energy Fund III which will see investments in European offshore wind projects for the first time. Over 70% of Clean Energy Fund III will be invested in projects in the Eurozone with the UK also being an important market. This is the […]
TenneT Holding B.V. has launched and priced another Green Bond issue of EUR 1.25 billion, with proceeds set to be used for investing in offshore wind. The green bond is split into a tranche of EUR 500 million, under an 11-year term and a coupon of 0.875%, and EUR 750 million, under a 20-year term and a […]
German energy company RWE has secured a EUR 5 billion credit agreement in preparation for the integration of the renewables activities of E.ON and innogy. The line of credit, provided by 27 international banks, was significantly oversubscribed, RWE said. Under the agreement reached in March 2018, E.ON is to take over RWE’s 76.79% stake in innogy, whereas RWE is […]
Europe invested EUR 10.3 billion in new offshore wind farms with a combined capacity of 4.2GW in 2018, according to WindEurope’s annual Financing and Investment Trends report. Investments in new offshore wind projects increased by 37% from 2017 but were still some way off the record EUR 18.2 billion seen in 2016, according to the […]
German wind turbine manufacturer Senvion, its lenders, and main bond holders have signed a binding loan agreement, setting forth terms for a EUR 100 million debtor-in-possession (DIP) facility. According to Senvion, the DIP facility enables the company to continue its business operations following last week's self-administration filing. The loan has received Board approvals and allows substantial […]
The European Commission has fined General Electric (GE) EUR 52 million for providing incorrect information during the investigation under the EU Merger Regulation of GE's planned acquisition of LM Wind Power. On 11 January 2017, GE notified its proposed acquisition of the blade manufacturer. In this notification, GE stated that it did not have any […]
The European Commission has selected a consortium led by eclareon, The Renewables Consulting Group (RCG) and WindEurope to explore health, safety, and environment (HSE) best practice in the wind power sector. The “wind harmony” study will examine the alignment of HSE standards from construction, through operation and maintenance, to decommissioning, covering both onshore and offshore […]
WindEurope has appointed Gunnar Groebler, Vattenfall's Senior Vice President for Business Area Wind, as the new Chair. The Board of Directors elected Groebler for an 18-month term, succeeding Ivor Catto, CEO at RES Group. Tony Adam from Nordex will become the association’s new Vice Chair, taking the place of Juan River Abbad from Iberdrola. “We’re delighted to have Gunnar […]
Wind energy provided 14% of the EU’s electricity in 2018, which is an increase from 12% in 2017, according to statistics by WindEurope. Last year, wind power capacity rose by 11.3GW in Europe, with 2.65GW offshore and 8.6GW onshore. According to WindEurope, continued growth in capacity and the use of more powerful turbines are helping to increase wind's share […]
Vattenfall plans to invest SEK 24 billion (EUR 2.3 billion) in wind power in 2019 and 2020, the Swedish energy company said in its 2018 Year-End Report. In December 2018, Vattenfall made the investment decision for the 605MW Kriegers Flak offshore wind farm in Denmark. The investment decision for the Vesterhav Syd & Nord offshore wind […]
Europe installed 2.6GW of new offshore wind energy capacity in 2018, an 18% increase, according to the latest statistics by WindEurope. Fifteen new offshore wind farms were commissioned last year, with the UK and Germany accounting for 85% of the new capacity by adding 1.3GW and 969MW respectively. The average size of the new turbines […]
RWE, the renewables businesses of E.ON and innogy, is planning to set aside approximately EUR 1.5 billion net in annual funds for investment mainly in the offshore wind, onshore wind and solar PV sectors. According to RWE, the renewables business will focus on the Americas, key markets in Europe and new markets in the Asia-Pacific region. The […]
The Danish Government Scheme for Energy Technology Development and Demonstration Program (EUDP) has awarded DKK 16 million (more than EUR 2 million) to Rope Robotics.
Danish renewable energy specialist European Energy Group has ordered a crew transfer vessel (CTV) which once delivered will service the 21MW Sprogø offshore wind farm.
Asia is going to surpass Europe in offshore wind capacity in the next ten years, Edgare Kerkwijk, Board member at Asia Wind Energy Association, said at the Offshore WIND Conference in Amsterdam.
Following Alpha Offshore’s recent announcement on achieving a 56% increase in blade inspection operations this year, the company said the rise was mostly due to it now doing business under the umbrella of Sparrows Group, along with offshore wind sector’s progress and Alpha Offshore’s experience and know-how that are increasingly in demand. This is according […]
UK-based marine services company Stewart Marine has contracted Neptune Marine to build a new EuroCarrier 2611, which is to be named Viking Energy.
The costs of floating offshore wind in Europe could decrease from the current EUR 180-200 per MWh to EUR 40-60 per MWh by 2030 with the right visibility in terms of volumes and industrialization, according to WindEurope's Policy Blueprint.
The European Commission has approved under EU State aid rules Belgium's support of a maximum of EUR 3.5 billion for three offshore wind projects in the Belgian North Sea.
Investing EUR 500 million to EUR 1 billion in new port infrastructure in Europe could help the offshore wind sector cut costs by up to 5.3% according to figures released by the WindEurope Ports Platform at the Global Wind Summit in Hamburg.
Ørsted has appointed Steven Engels as the new General Manager for Continental Western Europe, as well as Country Manager for the Netherlands, a position previously held by Jasper Vis.
The Global Wind Energy Council (GWEC) has created a new Offshore Wind Taskforce to accelerate the development of offshore wind technology in non-European markets such as Asia and North America.