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Ørsted has raised its 2025 offshore wind target from 11-12GW to 15GW as part of the group’s development plan to invest DKK 200 billion (approximately EUR 26.8 billion) in renewable energy in the next seven years.
Private markets investment manager Partners Group has raised EUR 3 billion in the latest round of project fundraising, a portion of which will go towards the 730MW Borssele III & IV offshore wind farm.
National Grid UK has started raising the height of a power line across the River Tyne Engineers to allow ships carrying offshore wind turbine parts to pass safely underneath.
French floating offshore wind developer Ideol has raised an additional EUR 8 million in financing to boost growth and accelerate international development.