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Business & Finance

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Thor Wind Turbine
Business & Finance

US Companies Join Forces on Offshore Wind Substations

US-based companies Burns & McDonnell and Bay Ltd. are teaming up to provide engineering, procurement, fabrication, and construction of offshore substations. According to the new partnership, the aim is to help the US reach its offshore wind targets, as well as to address global supply chain challeng

about 4 years ago
Thor Wind Turbine
Business & Finance

Counting Down to Offshore Energy Exhibition & Conference 2022

See the speaker line-up for OEEC 2022 conference and The Stage below the article. Offshore Energy Exhibition & Conference 2022 (OEEC) will open its doors in less than two weeks. On the 29 & 30 November, the entire industry comes together in RAI Amsterdam to connect, discuss, share knowledge, meet an

about 4 years ago
Shell and Partners Cancel Floating Wind Project Offshore France
Business & Finance

Shell and Partners Cancel Floating Wind Project Offshore France

Energy giant Shell, China’s China General Nuclear Power Group (CGN) and France’s Caisse des dépôts et consignations (CDC) have cancelled a project to build a demonstrator floating wind farm offshore France, according to local media reports. Shell has cited ”technical, commercial and financial challe

about 4 years ago
Thor Wind Turbine
Business & Finance

Avangrid Decides to Move Forward with Commonwealth Wind, But Notes PPA Amendments Are Necessary

Avangrid has notified the Massachusetts Department of Public Utilities (DPU) that it decided to continue with the power purchase agreements (PPAs) for its Commonwealth Wind project that are currently undergoing review and approval proceedings. However, the developer has kept its position that under

about 4 years ago
Thor Wind Turbine
Business & Finance

Valmont Exits Offshore Wind Market, Euro Steel Steps In

US-headquartered Valmont Industries has entered into a definitive agreement to sell its offshore wind business to Euro Steel, a Denmark-based supplier of steel products to the European wind market. The value of the transaction has not been disclosed. The offshore wind business, known as Valmont SM,

about 4 years ago
Vestas 15 MW turbine
Business & Finance

Copenhagen Energy Sells Stake in First Offshore Wind Farm to Use Vestas 15 MW Turbines

Copenhagen Energy, a Danish energy trader and developer of solar, onshore wind, and offshore wind projects, has sold its stake in the Frederikshavn offshore wind farm, the first to feature Vestas’ 15 MW turbines. According to the company, the project marks the first major divestment for Copenhagen E

about 4 years ago
Thor Wind Turbine
Business & Finance

Ireland Releases Offshore Wind Auction Rules, Expects to Secure 2.5 GW in Capacity

The Irish Government has approved terms and conditions for the country’s first auction to supply electricity from offshore wind under the Renewable Electricity Support Scheme (ORESS 1) which is expected to secure up to 2.5 GW of offshore wind capacity. The pre-qualification stage will launch next mo

about 4 years ago
Avangrid Requests a Few More Days to Respond to Massachusetts DPU
Business & Finance

Avangrid Requests a Few More Days to Respond to Massachusetts DPU

This article was first published on 9 November and was updated on 10 November after the Massachusetts Department of Public Utilities granted Commonwealth Wind the extension of response period. On 9 November, Avangrid Renewables, the US-based company owned by Spain’s Iberdrola and the developer behin

about 4 years ago
Thor Wind Turbine
Business & Finance

Odfjell Oceanwind and Source Galileo Norge Forge Floating Offshore Wind Alliance

Odfjell Oceanwind and renewable energy developer Source Galileo’s Norwegian branch, Source Galileo Norge, have signed a memorandum of understanding (MoU) to cooperate on developing floating offshore wind farms using Odfjell Oceanwind’s technology. The cooperation will target wind farms for the elect

about 4 years ago
Siemens Gamesa Announces Job Cuts, Records First Profitable Quarter Since 2020
Business & Finance

Siemens Gamesa Announces Job Cuts, Records First Profitable Quarter Since 2020

Wind turbine manufacturer Siemens Gamesa plans to terminate around 2,900 positions by Fiscal Year 2025, out of which 1,900 will be in Europe. The company said it is working with employee representatives to mitigate the impact of this adjustment as much as possible through natural attrition, internal

about 4 years ago
East Anglia ONE
Business & Finance

OWGP Releases GBP 2 Million to Drive UK Offshore Wind Supply Chain Growth

The Offshore Wind Growth Partnership (OWGP) has launched a new Innovation Grant funding competition aimed at decarbonising the offshore wind sector and improving reliability. Sponsored by Equinor, Ocean Winds, and ScottishPower Renewables, OWGP launched its latest Innovation Grant competition which

about 4 years ago
BP Takes The Stage at Offshore Energy Exhibition & Conference
Business & Finance

BP Takes The Stage at Offshore Energy Exhibition & Conference

The following is a press release from Navingo BV, the owner of offshoreWIND.biz and organiser of the annual Offshore Energy Exhibition & Conference in Amsterdam, the Netherlands. BP is joining this year’s Offshore Energy Exhibition & Conference (OEEC) in Amsterdam as the sponsor of The Stage and on

about 4 years ago
New Polish-German Partnership to Support Baltic Sea Offshore Wind Projects with Steel Quality Inspection
Business & Finance

New Polish-German Partnership to Support Baltic Sea Offshore Wind Projects with Steel Quality Inspection

Poland-based J.S. Hamilton Quality Services (JSHQS) and German company Steel Inspect have entered into an agreement to cooperate in inspection and expediting services in offshore wind, with a focus on the upcoming offshore wind farm projects in the Polish sector of the Baltic Sea. Under the agreemen

about 4 years ago
Triton OX2
Business & Finance

IKEA Owner Cleared to Buy Stake in 9 GW Offshore Wind Portfolio

Sweden-headquartered OX2 has secured regulatory clearance to sell a 49 per cent stake in an up to 9 GW portfolio of offshore wind projects to the investment arm of Ingka Group, the largest retailer in the IKEA franchisee system. The deal is expected to be completed within two weeks. Under the agreem

about 4 years ago
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