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 ”
The North Irish Sea Array (NISA), one of the four offshore wind projects selected in Ireland’s first offshore wind auction, could end up overlapping with a bird protection area. The Irish offshore consultancy Gavin and Doherty Geosolutions (GDG) voiced concerns about the government letting this happ
Rhode Island Energy, the largest utility in Rhode Island, has decided that it will not be moving forward on a long-term power purchase agreement (PPA) with Ørsted and Eversource for the Revolution Wind 2 offshore wind farm. The utility, formerly known as National Grid Rhode Island, said that higher
Massachusetts’s electric distribution companies Eversource Energy, National Grid and Unitil have agreed to terminate their power purchase agreements (PPAs) for the Commonwealth Wind offshore wind farm at the request of the project developer, Iberdrola-owned Avangrid, which will pay USD 48 million in
Following the results of the latest German offshore wind auction, which went into the so-called negative bidding stage and ended up earning the State billions from the winning developers, WindEurope warned that this would be passed on to consumers and the supply chain, and called on the German gover
The European Climate, Infrastructure and Environment Executive Agency (CINEA) has approved a EUR 18.7 million co-funding for ELWIND, a 1 GW Latvia-Estonia cross-border offshore wind project. The co-funding is said to enable research to determine the environmental impact of the Latvian-Estonian ELWIN
Europe’s premier offshore energy event to feature an integrated conference area, Offshore Energy Pavilion, and more. Offshore Energy Exhibition & Conference (OEEC) 2023, the highly anticipated event for the offshore energy industry, is proud to announce the addition of an extra exhibition hall. The
Bedrock, the US-based developer of a portable autonomous underwater vehicle (AUV) for offshore wind surveys, has secured USD 25.5 million in a Series A funding round, bringing its total funding to date to USD 33.5 million and the technology a step closer to commercial use. The company says it will u
