Ørsted has completed the divestment of 25 per cent of the London Array offshore wind farm in the UK to funds managed by Schroders Greencoat. The company, which held a minority interest in the 630 MW offshore wind farm since 2014 and did not have operations and maintenance (O&M) responsibility on the
After awarding four offshore wind areas to BP and TotalEnergies for EUR 12.6 billion through its first dynamic bidding process last month, the German Federal Network Agency (BSH) has now awarded further sites for a total of EUR 784 million in the process organised for four centrally pre-investigated
Iberdrola has chosen the Spanish company Windar Renovables for the manufacture of transition pieces for the 315 MW Windanker offshore wind farm in the German sector of the Baltic Sea. Starting at the end of 2024, Windar will produce 21 transition pieces (TPs) for Windanker at the Avilés facilities a
Eneti, former Scorpio Bulkers and the owner of Seajacks UK, has entered into an agreement to sell the Seajacks Hydra, Seajacks Leviathan and Seajacks Kraken vessels for a total of USD 70 million (around EUR 63.7 million). According to information the company shared in its results for the second quar
The European Investment Bank (EIB) has approved the in-principle financing of the 2.5 GW Baltica offshore wind project in Poland, being developed by PGE Group and Ørsted. The project has two stages, the 1.5 GW Baltica 2 and the 1 GW Baltica 3, planned to be commissioned by the end of 2027 and by the
Atlantic Shores Offshore Wind, a 50:50 joint venture between Shell New Energies US and EDF-RE Offshore Development, has submitted a proposal to the New Jersey Board of Public Utilities (NJBPU) in the state’s third offshore wind solicitation. New Jersey opened the solicitation in March and is looking
French telecommunications corporation Orange has taken delivery of its new cable laying and repair vessel (CLRV), said to be designed for the maintenance of cables for offshore wind projects. The vessel, named Sophie Germain after the pioneering French mathematician and philosopher, is currently on
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
