Copenhagen Infrastructure Partners (CIP) has reached the first close on its fifth flagship fund, Copenhagen Infrastructure V (CI V), at EUR 5.6 billion in capital commitments received. This puts the fund on track to reach its target size of EUR 12 billion, which would make this the world’s largest d
Stargate Hydrogen Solutions OÜ (Stargate) has been awarded a grant from the European Commission under the Horizon Europe programme to deliver an electrolyser that will be part of an offshore wind energy project aiming to demonstrate the complete green hydrogen value chain on the Canary Islands. Coor
BP, a global leader in the energy industry, has confirmed its participation at Offshore Energy Exhibition & Conference (OEEC) 2023. The company will join as one of the sponsors and exhibitors on what is already becoming a very exciting exhibition floor. Moreover, BP will take part in the OEEC progra
Nordic Capital has reached an agreement to sell Denmark-based Bladt Industries to the wind turbine tower manufacturer CS Wind. During the Nordic Capital ownership, the company completed a company-wide strategic pivot to focus solely on the growing offshore wind industry, becoming a pureplay renewabl
Nuveen Infrastructure has announced an investment that will see the company acquire a 15 per cent stake in the 731.5 MW Borselle 3 and 4 offshore wind farm in the Netherlands from Partners Group. The transaction will see the fund acquire 15 per cent of the 731.5 MW offshore wind project located 22 k
The Port of Esbjerg has entered into a cooperation agreement with PensionDanmark under which the port will receive DKK 5.8 billion (about EUR 779 million) for the construction of facilities for the production of offshore wind turbines. PensionDanmark has decided to invest up to DKK 7 billion (around
New Jersey Governor Phil Murphy has signed a bill that will ease Ørsted’s tax obligations related to the 1.1 GW Ocean Wind 1 project, the state’s first offshore wind farm and the largest so far approved for construction in the US. Atlantic Shores Offshore Wind, a joint venture between Shell and EDF
Sweden-based SeaTwirl has announced that it received its first commercial order for a new wind turbine application in the North Sea. Earlier this year, SeaTwirl announced that the company and Kontiki Winds signed a Memorandum of Understanding (MoU) to identify and explore opportunities to electrify
Barclays has committed GBP 95.5 million in loans to support the Moray West offshore wind farm, a project that aims to supply 50 per cent of Scotland’s electricity. Moray West, part of Ocean Winds portfolio, has secured a GBP 95.5 million loan from Barclays to support the next phase of the project’s
The fast-paced development of the offshore wind industry is causing the emergence of new, unforeseen jobs to which ports cannot cater as there is a lack of people and a lack of port capacity, Jesper Bank, Chief Commercial Officer of Port Esbjerg, said during a presentation in Denmark. Although the n
Seaway7 has signed a contract with ScottishPower Renewables, Iberdrola’s UK arm, for the transport and installation of foundations and inter-array cables for the 1.4 GW East Anglia Three offshore wind farm. The deal is worth between USD 500 million and USD 750 million, as per Subsea7’s definition of
OX2 and Ingka Investments have signed their third conditional agreement with a supplier for two of their offshore wind projects in Sweden, Triton and Galene, this time with Hitachi Energy for high-voltage equipment and systems, and power quality solutions for two onshore substations and up to eight
The Crown Estate has reported a record net revenue profit of GBP 442.6 million (around EUR 512 million) for the financial year 2022/23 thanks to earnings from option fees that the developers of the Round 4 offshore wind farms started paying this year. Offshore wind has also boosted the value of The
Dublin-headquartered aircraft lessor LCI has started delivering helicopters that will be leased under long-term arrangements to HeliService USA and be used on offshore wind projects. These are the first dedicated offshore wind helicopters in the United States. The offshore helicopter transport provi
