Search results for: final investment decision

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A list of search results

  • 11 October 2019
    Business & Finance, Wind Farm Update

    Equinor and the Snorre and Gullfaks partners have made a final investment decision for the Hywind Tampen floating offshore wind project in Norway. According to Equinor, two updated plans for the project development and operation will be submitted to Norwegian authorities today, 11 October. The Snorre and Gullfaks oil & gas platforms will be the […]

  • 20 December 2018
    Business & Finance, Wind Farm Update

    Vattenfall has made the final investment decision for the Kriegers Flak offshore wind farm in Danish Baltic Sea waters, which is planned to be in full operation before the end of 2021.

  • 24 February 2016
    Wind Farm Update

    ScottishPower Renewables has made a final investment decision for the East Anglia ONE offshore wind farm. The company will now progress with the development of the wind farm, aiming to put it into operation by 2020. The project has a capacity of 714MW, enough to power the equivalent of 500,000 homes or the majority of the […]

  • 28 January 2016
    Business & Finance, Wind Farm Update

    DONG Energy will make the final investment decision on the 1.2 GW Hornsea Project One offshore wind farm within the next few weeks, the utility’s UK Country Chairman Brent Cheshire told Bloomberg.  Hornsea Project One, comprising 240 turbines, is located 120 kilometers off the Yorkshire coast and covers approximately 407 square kilometers. It is expected to enter into […]

  • 2 November 2017
    Contracts & Tenders, Operations & Maintenance, Wind Farm Update

    Danish consulting engineering company Niras has won a contract to set up a plan for decommissioning of two offshore wind projects in France with a combined capacity of nearly 1GW which are still avaiting final investment decision.

  • 14 March 2013
    Authorities, Business & Finance

    Developers of renewable electricity projects will be able to apply for support to enable them to commission and build projects more quickly. The Government’s Final Investment Decision Enabling programme is designed to help developers of low carbon electricity projects make final investment decisions ahead of changes to the electricity market in the second half of […]

  • 7 November 2014

    DECC secretary Ed Davey has granted consent for 660MW Walney 3 offshore wind farm. Even though the consent approved up to 750MW wind farm comprising up to 207 wind turbines, the developer, Dong Energy, decided to scale it down to 660MW. The wind farm is located 19km off Walney Island in Cumbria and will be […]

  • 14 September 2017
    Authorities, Business & Finance

    The Changhua County government and Denmak’s Copenhagen Infrastructure Partners (CIP) have signed a memorandum of cooperation to jointly promote and develop offshore wind industry in Taiwan’s most populous county.

  • 30 April 2019
    Business & Finance, Wind Farm Update

    Ørsted has taken the final investment decision (FID) on the Changhua 1 and 2a offshore wind farm in Taiwan. Prior to the FID, Taiwan’s Ministry of Economic Affairs approved Ørsted’s local supply chain plan, and subsequently Ørsted has signed a power purchase agreement (PPA) with Taipower at the feed-in-tariff level announced on 30 January 2019. […]

  • 30 December 2013
    Authorities, Wind Farm Update

    At the beginning of this month, the UK’s Department of Energy and Climate Change (DECC) published a list of 16 renewable energy projects which achieved the Phase 2 minimum threshold evaluation criteria. All applicants that met the Phase 2 evaluation criteria were sent draft investment contracts on 19 December 2013 and were invited to submit […]

  • 9 May 2017
    Business & Finance, Wind Farm Update

    The Supervisory Board of EnBW has made the final investment decision for the 112MW Albatros offshore wind farm project in the German North Sea.

  • 2 December 2014
    Grid Connection

    National Grid Nemo Link Limited has welcomed Ofgem’s decision on regulatory regime for the proposed Nemo Link interconnector between UK and Belgium. The project is being jointly developed by UK National Grid and Elia, the Belgian transmission system operator and would be the first electricity link between the two countries. Alan Foster, European Business Development Director, […]

  • 5 September 2014
    Business & Finance, Wind Farm Update

    SSE has agreed exit terms with its 50:50 joint venture partner, RWE Innogy for its interest in the Galloper offshore wind farm project. In March, SSE announced that it would not be progressing its stake in the Galloper offshore wind farm project beyond the development phase. Under the exit arrangements, SSE will remain a 50% […]

  • 19 December 2014
    Business & Finance, Wind Farm Update

    DONG Energy has decided to construct the offshore wind farm Burbo Bank Extension located 8 km off the United Kingdom coast in Liverpool Bay. Burbo Bank Extension will have a total capacity of 258MW and is expected to be commissioned in 2017. Burbo Bank Extension is the first of three projects for which DONG Energy was […]

  • 23 April 2014
    Authorities, Business & Finance, Wind Farm Update

    SSE welcomed the UK government’s announcement today that the Beatrice offshore wind farm project has been successful in securing an Investment Contract.  The security the contract provides means SSE and its partner Repsol can continue to invest in the the engineering and procurement work required to maintain progress towards a final investment decision in early […]

  • 10 June 2016
    Business & Finance, Vessels, Wind Farm Update

    Fred. Olsen Windcarrier has won a contract to supply an installation vessel for loading, carriage and installation of wind turbines at the 450MW Borkum Riffgrund 2 offshore wind farm in the German part of the North Sea. The scope of the contract includes project management, engineering, provision of sea fastening, vessel mobilisation and de-mobilisation. Borkum Riffgrund 2, […]

  • 19 August 2016
    Business & Finance

    WindEurope expects EUR 5.2 billion and 1.4GW in Final Investment Decisions (FIDs) by June 2017, compared with EUR 10 billion and 2.2GW that were achieved for the same period last year. Transactions that are now approaching financial close are Rentel (300MW), Norther (370MW), Deutsche Bucht (252MW), and EnBW Hohe See (492MW). The sector generated a total […]

  • 8 July 2020
    Business & Finance, Wind Farm Update

    Taiwan-based TSMC signed a corporate power purchase agreement (CPPA) with Ørsted for the Greater Changhua 2b & 4 offshore wind farm on 8 July. TSMC will offtake the full production from the 920 MW wind farm, making this the largest-ever contract of its kind within renewable energy, according to Ørsted. The contract has been signed […]

  • 23 May 2016

    RenewableUK has welcomed today’s £2.6 billion Final Investment Decision by SSE, Copenhagen Infrastructure Partners and SDIC Power of China to build Beatrice offshore wind farm. In total, the UK now has more than 10 gigawatts of offshore wind capacity operating, under construction or with final investment decisions taken. With 5.1GW operational, 0.8GW being built and 4.3GW […]

  • 4 February 2015
    Business & Finance

    DONG Energy has acquired the remaining 66.66% ownership interest in the UK offshore wind development Hornsea Project One from its joint venture partner SMart Wind. Hornsea Project One has a total capacity of up to 1.2GW, which will make it the world’s largest offshore wind farm once completed. DONG Energy entered into the joint venture […]

  • 26 April 2018
    Business & Finance, Wind Farm Update

    Ørsted has taken final investment decision (FID) for the second phase of the Formosa 1 offshore wind farm in Chunan Town, Miaoli County, on Taiwan’s North-Western coast.

  • 3 December 2018
    Authorities, Business & Finance, Contracts & Tenders, Jobs & Recruitment, Wind Farm Update

    The proposed reduction in 2019 Feed-in-Tariffs (FiTs) for offshore wind in Taiwan could potentially have a negative impact on Ørsted’s localisation plans and the final investment decision for the company’s first offshore projects in the country, a spokesperson for Ørsted told Offshore WIND.

  • 22 June 2018
    Business & Finance, Contracts & Tenders, Grid Connection, Wind Farm Update

    Ørsted has secured further 920MW capacity for its wind sites offshore Changhua County and now has a 1,820MW offshore wind pipeline in the region.

  • 27 April 2018
    Contracts & Tenders, Operations & Maintenance, Vessels

    Ørsted has signed a Memorandum of Understanding (MoU) with Taiwan Navigation and Eastern Navigation for the development of a local service operations vessel (SOV) solution for the Greater Changhua offshore wind project in Taiwan.

  • 29 September 2014
    Authorities, Business & Finance, Wind Farm Update

    Dong Energy today welcomed the decision of the Secretary of State for Energy and Climate Change to grant development consent for the Burbo Bank Extension Offshore Wind Farm development in Liverpool Bay. The Development Consent Order (DCO) was approved by the Rt.Hon. Edward Davey MP at the recommendation of the Planning Inspectorate and covers all […]

  • 17 February 2017
    Business & Finance, Wind Farm Update

    Following the construction and investment decision taken by EnBW’s Supervisory Board at the end of 2016, the co-investor for the 497MW offshore wind farm has now been confirmed and the final investment decision for the project has been reached.