Iberdrola and the World Bank, through its private sector investment arm, the International Finance Corporation (IFC), have signed a EUR 300 million loan agreement to develop renewable energy projects in countries dependent on fossil fuels, including Morocco, Poland and Vietnam. IFC has already alloc
Germany’s Federal Maritime and Hydrographic Agency (BSH) has issued a planning approval decision for 50Hertz’s Ostwind 3 offshore wind grid connection in the Baltic Sea. According to BSH, the new standard for connecting offshore wind farms, the so-called 66 kV direct connection concept, is being imp
J.P. Morgan has contracted Norway-based Ulstein Verft to deliver two methanol-ready commissioning service operation vessels (CSOVs). In July 2023, Bernhard Schulte Offshore ordered the design and construction of two CSOVs from Ulstein, a contract that included options for two + two vessels. These op
Great Lakes Dredge & Dock (GLDD), together with its consortium partner Van Oord, has been informed by Empire Offshore Wind, a joint venture between BP and Equinor, of the termination of the rock installation contract for the Empire Wind 2 offshore wind project which was set to commence in 2026. In 2
The Dutch offshore wind foundation manufacturer, Sif, has received a notice of termination of its Empire Wind 2 monopile contract from the joint venture owned by BP and Equinor, who have just terminated their Offshore Wind Renewable Energy Certificate (OREC) agreement for the 1,260 MW project with t
With the termination of the Offshore Wind Renewable Energy Certificate (OREC) agreement for the Empire Wind 2 offshore wind project, BP and Equinor have cancelled the contract for the project’s offshore substation (OSS) with the Singapore-based company Seatrium. As reported earlier today, 4 January,
On 1 January 2024, the 112 MW Ishikari Bay New Port offshore wind farm in Japan began commercial operations, which is owned by JERA and Green power Investment Corporation, through a special-purpose corporation, Green Power Ishikari GK. The construction of the Ishikari Bay New Port Offshore Wind Farm
Cadeler’s offshore wind turbine installation vessel (WTIV), Wind Peak, has been launched at Cosco Shipyard in Qidong, China. According to the Danish company, the launching of Wind Peak is a critical milestone that marks the completion of the vessel’s hull. The construction of the vessel was a result
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
Vineyard Wind offshore wind project, being developed by Avangrid and Copenhagen Infrastructure Partners (CIP), has delivered its first power to the New England grid in Massachusetts. As part of the initial commissioning process, on Tuesday 2 January 2024, one turbine delivered approximately 5 MW of
The joint venture between Ørsted and PGE has awarded Fred. Olsen Windcarrier a contract for the installation of wind turbines at the Baltica 2 offshore wind farm in Poland. “Installation of wind turbines for Baltica 2 has been divided into two stages, and a contractor for each stage is selected in a
The Estonian Ministry of Climate has approved the report on the environmental impact assessment (EIA) of the North-Western Estonian (Hiiu) offshore wind farm being developed by Enefit Green. The North-Western Estonian offshore wind farm is planned to have a capacity of 1 GW and can accommodate up to
Aker Solutions and the Marine Energy Test Centre (METCentre) in Norway have signed a front-end engineering and design (FEED) contract for a pilot project which will see Aker Solutions testing its new power transmission technology at the METCentre’s offshore test area that houses demonstration floati
Yunneng Wind Power, the company responsible for the construction and operation of the 640 MW Yunlin offshore wind project in Taiwan, has received the necessary approvals from Taiwanese authorities to enable the completion of its financial restructuring announced in August 2023. Approvals for the ext
