ESB and Ørsted have signed an agreement to jointly develop a portfolio of up to 5 GW of offshore wind and complementary green hydrogen projects in Ireland, with the first of these offshore wind projects expected to compete in the next Irish auction, ORESS 2.1. The agreement also marks Ørsted’s entry
Public Service Enterprise Group Inc. (PSEG) has completed the sale of its 25 per cent equity interest in 1.1 GW Ocean Wind 1 offshore wind project to Ørsted North America. With this executed agreement, Ørsted North America has reimbursed PSEG for all of its cumulative outlays in the Ocean Wind 1 pro
Norwegian Offshore Wind teams up with the Polish cluster of Composite Technologies to strengthen the cooperation between Poland and Norway in offshore wind. Together with Rosenberg Worley, the University of Stavanger, and Fundacja Partnerstwa Technologicznego, a research institute, the clusters have
Subsea 7, in collaboration with OneSea Energy, has secured GBP 150,000 (around USD 187,000) in funding from the Scottish government to investigate pairing a large-scale floating hydrogen production system with a floating wind farm offshore Scotland. The funding was awarded as part of the Hydrogen In
International engineering and contracting group Semco Maritime has entered into an agreement to acquire German full-service provider Wind Multiplikator for an undisclosed sum. The transaction also includes all activities in offshore service provider OWS Off-Shore Wind Solutions, which is part of Win
RWE has decided to strengthen its position in the German offshore market by becoming the sole owner of the 1.6 GW cluster of offshore wind farms in the German North Sea. The Nordseecluster, consisting of four sites located north of the Juist island, was formerly co-developed with Canadian company No
Ørsted and Eversource Energy have signed an agreement under which Ørsted will acquire 50 per cent interest in the uncontracted offshore wind lease area in the US the two companies currently own together. Eversource is also looking at selling its 50 per cent stake in the three jointly owned contracte
EDP has transferred its 25.4 per cent stake in floating offshore wind platform company Principle Power to Ocean Winds, a 50:50 joint venture between EDP Renewables and Engie. With this transaction and adding to its previous ownership, Ocean Winds now holds a total of 36.25 per cent of Principle Powe
BW Ideol has signed a Head of Terms with Elawan Energy for the joint development of a multi-GW floating offshore wind pipeline off Spain and Portugal, subject to further negotiation of the final agreement between the two companies. Elawan Energy, an ORIX company based in Spain, has more than 2.6 GW
Spanish energy company Iberdrola has signed a power purchase agreement (PPA) with Switzerland-headquartered Holcim for electricity generated at the Baltic Eagle offshore wind farm currently under construction in the German Baltic Sea. The newly agreed PPA will see Iberdrola provide Holcim with 250 G
Equinor will postpone a further development of the Trollvind offshore wind initiative off Norway indefinitely. The company said the decision was based on several challenges facing the project, including technology availability, rising costs, and a strained timetable to deliver on the original concep
Siemens Gamesa has agreed to sell a stake in Spain-based wind turbine tower manufacturer Windar Renovables to London-headquartered Bridgepoint. Founded in 2007 and headquartered in Avilés (Asturias), Windar Renovables operates ten manufacturing plants over five continents – seven of them located in
Japanese giants Marubeni Corporation, Sumitomo Corporation, and Sumitomo Electric Industries have committed to investing a total of GBP 14.2 billion (approximately EUR 16.3 billion) in offshore wind and green hydrogen projects, and the offshore wind supply chain in the UK. Ahead of the UK Prime Mini
Renewable energy developer European Energy and offshore wind company Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, have formed a long-term strategic partnership to jointly pursue offshore wind opportunities in the Baltic Sea within Lithuania, Estonia, and Latvia. The Baltic stat
