Corio Generation and Greek technology company Globalsat have signed a memorandum of understanding (MOU) to explore opportunities for offshore wind development in Greece. According to Corio, the partnership combines its expertise in auction preparation and project development with Globalsat’s deep kn
Due to adverse impacts relating to supply chain delays, increased interest rates, and the lack of an Offshore Wind Renewable Energy Credit (OREC) on Sunrise Wind, Ørsted has recognised impairment losses of DKK 28.4 billion (about EUR 3.8 billion) in the first nine months of 2023. The majority of imp
The Connecticut Department of Energy and Environmental Protection (DEEP) has issued a Request for Proposals (RFP) for 2 GW of offshore wind generation capacity. The RFP contains a few new provisions, including an indexed pricing option that adjusts for inflation and multi-state bids under the recent
Danish renewable energy developer Ørsted has decided to cease the development of the Ocean Wind 1 and Ocean Wind 2 offshore wind projects in New Jersey. In addition, the company, together with Eversource, has taken a final investment decision (FID) on the 704 MW Revolution Wind, Rhode Island and Con
The Netherlands-based Huisman has signed a partnership agreement with ESD to expand its cable-lay product portfolio, with the aim of increasing its position in the offshore wind market. According to Huisman, the agreement will see the combination of ESD’s expertise in designing smart cable-lay solut
In an announcement on acquiring a further stake in the German Butendiek offshore wind farm earlier this month, Ireland-based Greencoat Renewables said that the project had signed one of the largest renewable energy Power Purchase Agreements (PPAs) in Germany. It has now been revealed the electricity
Several Korean companies have joined forces on a multi-gigawatt offshore wind project in the southwest of Korea. The project consists of three offshore wind farms with a combined installed capacity of 3.2 GW, which would produce enough electricity to power 3 million households. On 30 October, HD Hyu
Vindkraft Värmland and Njordr, the Nordic developer, have sold 100 per cent of the shares in the joint company, Njordr Offshore Wind (NOW), to Statkraft. NOW holds a pre-permit portfolio of nine offshore wind projects in the Swedish economic zone with a total potential for up to 21 GW of installed c
The International Marine Contractors Association (IMCA) has issued a new Code of Practice with the aim of improving subsea power cable installation in offshore wind by preventing cable failure and thus enabling savings for the offshore wind industry. The Code of Practice for Offshore Cable Laying in
Denmark-based Copenhagen Infrastructure Partners (CIP) and Avangrid have secured a USD 1.2 billion first-of-its-kind tax equity package for the 800 MW Vineyard Wind 1 offshore wind project in the US. The investment transaction, which CIP said is the largest single asset tax equity financing and the
The New York State Energy Research and Development Authority (NYSERDA) has selected Attentive Energy One, Community Offshore Wind, and Excelsior Wind projects, totalling 4,032 MW in generation capacity, in the state’s third offshore wind solicitation round. In this article: The three offshore wind p
Vattenfall and France-based Air Liquide have signed a power purchase agreement (PPA) covering 115 MW of capacity of the 1.5 GW Hollandse Kust Zuid, one of the largest offshore wind farms in the world. Contracted over a 15-year period beginning in 2026, the PPA will bring the overall renewable power
The Port of Milford Haven has submitted a multi-million-pound funding application to the UK Government’s Floating Offshore Wind Manufacturing Investment Scheme (FLOWMIS) initiative to expand Pembroke Port. The project aims to create a cutting-edge port base that will play a pivotal role in nurturing
TotalEnergies has partnered with Corio Generation and Rise Light & Power (Rise), a New York-based electricity producer, for the joint development of the Attentive Energy offshore wind project off the coast of New York and New Jersey. Corio and Rise took respective stakes of 27.7 per cent and 16.3 pe
