The 1 GW Hai Long offshore wind project in Taiwan, being developed jointly by Northland Power and Mitsui & Co., has reached financial close for its 20-year TWD 117 billion (about EUR 3.4 billion) non-recourse green financing. According to Northland Power, the TWD 117 billion debt amount at closing c
London-based international investor and manager, John Laing Group, has acquired a stake in the transmission assets for the 1.3 GW Hornsea Two offshore wind farm in the UK, as part of a portfolio acquisition from HICL Infrastructure. John Laing Group has agreed to acquire HICL Infrastructure’s entire
RWE has finalised its investment decision for a battery storage project in the Netherlands that will optimise the OranjeWind offshore wind farm’s integration into the Dutch energy system. The company plans to invest approximately EUR 24 million into the project. The system, which will have an instal
Canada’s Northland Power and Mitsui & Co., part of Japan’s Mitsui Group, have made a Final Investment Decision (FID) for the 1,044 MW Hai Long offshore wind project in Taiwan. The FID is subject to various conditions precedent and project finance contracts expected to come into force within this yea
The 1.1 GW Baltic Power offshore wind project in Poland, being developed jointly by the Polish energy company Orlen and Canadian Northland Power, has reached financial close for its 20-year CAD 5.2 billion (around EUR 3.6 billion) non-recourse green financing. The project’s total capital costs are s
Hai Long Offshore Wind Project, a joint venture between Northland Power and Mitsui & Co., has signed a credit agreement to secure TWD 118 billion (approximately EUR 3.4 billion) long-term over 20-year non-recourse financing for the 1 GW offshore wind farm in Taiwan. The non-recourse project financin
Geoquip Marine has secured a contract to gather engineering data to support a proposed floating offshore wind project in Scotland that is being developed by ScottishPower and Shell. To support the MarramWind project, Geoquip Marine is set to perform a complete geotechnical investigation to gather so
California’s Employment Development Department (EDD) has awarded more than USD 648,000 for the Supply Chain and Worker Readiness Program (the Program), an integral part of Humboldt County’s offshore wind energy project. The Program is designed to facilitate workforce development efforts over the ent
Northland Power and its partner Orlen have signed a credit agreement for the 1.1 GW Baltic Power offshore wind project in Poland. The agreement secures an equivalent of CAD 5.2 billion (approximately EUR 3.6 billion) of non-recourse green financing that adheres to Northland’s green financing framewo
UK-headquartered Octopus Energy has made an investment in the 731.5 MW Borssele III and IV offshore wind farm in the Dutch North Sea. Octopus Energy Generation acquired a 10 per cent stake in the fully operational 731.5 MW offshore wind farm, located 55 kilometres from the Port of Vlissingen in the
TotalEnergies, Petrobras and Casa dos Ventos Holding, a joint venture between TotalEnergies and Casa dos Ventos, have signed a memorandum of understanding (MOU) to assess opportunities for joint development of low-carbon hydrogen and renewable energy projects in Brazil, including offshore wind. Unde
German offshore wind services provider WINDEA Offshore and marine data acquisition company Subsea Europe Services have entered a strategic sales partnership to provide autonomous surveying for the offshore wind industry. The two companies plan to deliver hydrographic survey and underwater inspection
Japanese shipping company Mitsui O.S.K. Lines (MOL) has revealed that it will invest in Dutch floating wind technology developer TouchWind and will obtain a minority share in the company. TouchWind is developing a floating wind turbine with a tilting, angled one-piece rotor. A small-scale prototype
Eversource Energy has completed its sale of an uncommitted lease area off the south coast of Massachusetts to its joint venture (JV) partner Ørsted for USD 625 million. The all-cash transaction, which was announced in May, closed today following approval from the Committee on Foreign Investment in t
