Philippine Department of Environment and Natural Resources (DENR) has started working with the country’s Department of Energy (DOE) on updating the offshore wind and floating solar guidelines so they would become components of next year’s National Expenditure Program (NEP). According to the environm
BP and Equinor are in the process of renegotiating the power purchase agreements (PPAs) for their joint offshore wind projects in the USA, according to Reuters. The partners do not plan on developing the projects off the US East Coast unless they meet the ”return thresholds of 6% to 8%”, Reuters quo
Venterra Group and CAPE Holland have entered into an agreement under which Venterra will acquire the Netherlands-based company specialising in offshore vibro-piling in the next several weeks. The UK offshore wind services group says the acquisition will enhance its foundations offering. CAPE Holland
Polenergia, the Polish utility company and renewable energy developer, has decided to stop developing an offshore wind project in Lithuania the company was preparing for the country’s next offshore wind auction, which the Lithuanian government plans to hold later this year. The company says it made
Spain-headquartered Iberdrola has secured a EUR 500 million loan from Citi, partly guaranteed by the Norwegian Export Credit Agency (Eksfin), to support the development of the 1.4 GW East Anglia Three offshore wind farm in the UK. The loan has a drawdown period of two years. According to Iberdrola,
Fugro has reported a revenue of over EUR 1 billion for the first half of 2023, representing a 24.1 per cent growth from EUR 833 million in the first half of 2022, said to be due to continued high client demand in energy markets, in particular for offshore wind site characterization solutions and rel
Ofgem has shortlisted four potential bidders for its next Offshore Transmission Owner (OFTO) bidding round for three offshore transmission links worth an estimated GBP 2 billion (about EUR 2.3 billion). In the “most valuable” OFTO tender round ever run by Ofgem, a new bidder has joined three others
International Ocean Group (IOG) has announced that it acquired CWind’s majority shares in CWind Taiwan, making IOG the sole owner of CWind Taiwan. IOG said that this strategic move allows for better integration of CWind Taiwan into IOG’s portfolio, which also includes IOVTEC, Taiwan International Wi
JERA has completed the acquisition of 100 per cent of the shares of Parkwind NV from Belgium’s Virya Energy. The initial agreement between JERA Green, an affiliate of Japan’s JERA, and Virya Energy was signed in March this year. The transaction, which JERA said marks a significant milestone for the
Nexans is investing in a new third-generation cable-laying vessel in order to, as the company says, support a record project backlog and meet future needs of offshore wind and interconnector projects. According to Nexans, building upon the cutting-edge technology featured on the flagship vessel Nexa
UK green energy supplier Octopus Energy Group has announced that it will invest, through its generation arm, USD 20 billion (about GBP 15 billion) into offshore wind by 2030. The company said that this will go towards the generation of 12 GW of renewable electricity a year, enough to power 10 millio
Ørsted has signed an agreement with funds managed by Schroders Greencoat to divest its remaining 25 per cent minority interest in the London Array offshore wind farm in the UK. The total value of the transaction is GBP 717 million (approximately EUR 829 million). Ørsted originally owned 50 per cent
World’s largest chemicals producer, German BASF, and Mingyang, which just recently put the world’s biggest wind turbine in operation in China, have formed a joint venture to build and operate a 500 MW offshore wind farm which will power BASF’s new Zhanjiang Verbund site. In the joint venture, named
Vattenfall has stopped the development of the Norfolk Boreas offshore wind power project in the UK and will review the way forward for the entire 4.2 GW Norfolk Zone, the Swedish energy company revealed in its interim report. The developer said that the decision to stop the project was made due to ”
