The Shell-Ocean Winds joint venture has withdrawn its motion to suspend the proceedings to approve the long-term power purchase agreements (PPAs) for its 405 MW Mayflower Wind project, filed with the Massachusetts Department of Public Utilities (DPU) after Avangrid requested a one-month suspension o
Horizon Ocean Management (HOM), a subsidiary joint venture between Mitsui and Japan’s wind turbine maintenance company Hokutaku, has signed a collaboration agreement with the UK-based Briggs Marine to establish an offshore wind operations and maintenance (O&M) consultancy and service provision offer
PetroGreen Energy Corp. (PGEC) has partnered with Copenhagen Energy to form three separate special purpose vehicles (SPV) that will oversee the investment and development of offshore wind service contracts awarded by the Philippines’ Department of Energy in 2021. Earlier this month, PGEC and Copenha
Hanwha Engineering & Construction (Hanwha E&C) has signed a memorandum of understanding (MoU) with Norway-headquartered Equinor to jointly develop offshore wind farms in South Korea. The two companies have agreed to work together to jointly develop offshore wind farms that Hanwha E&C is contracted t
POSCO has received approval from DNV for its Gwangyang Works plant, which produces eco-friendly ‘Greenable’ steel plates and has certified the company’s standard plate product EN-S355 as steel for renewable energy. The certification process in March, after POSCO and DNV signed a Memorandum of Unders
Sandbrook Capital, a private investment firm headquartered in Connecticut, US, has acquired a majority stake in Havfram and has committed USD 250 million (NOK 2.65 billion) of equity capital to the Norwegian offshore wind services provider. Havfram will use the new capital to build a fleet of vessel
Spain’s National Securities Market Commission (CNMV) has authorised the voluntary cash tender offer of Siemens Energy for the 32.9 per cent of Siemens Gamesa’s share capital that it does not already own. Following a settlement of the offer, Siemens Energy, if it achieves at least 75 per cent of the
Equinor has disclosed its interest in developing gigawatt-scale floating offshore wind in the Celtic Sea, with the upcoming Celtic Sea floating wind seabed leasing round in view. The Crown Estate is planning a seabed leasing round in the Celtic Sea in 2023. As the developer and soon-to-be operator o
Ørsted has signed a Memorandum of Understanding (MoU) with Doosan Enerbility’s Vietnamese subsidiary, Doosan Vina, to cooperate on the supply of offshore wind turbine substructures. With the signing of this MoU, Doosan Vina will be supplying the monopile foundations for Ørsted’s global offshore wind
Wholly-owned subsidiaries of Shell in Switzerland, the UK, US, and Sweden (Shell Switzerland AG, Shell U.K. Limited, Pennzoil-Quaker State Company and Shell Aviation Sweden AB) have entered into agreements to acquire the Environmentally Considerate Lubricants (ECLs) business of the PANOLIN Group. Th
Vattenfall has entered into a power purchase agreement (PPA) with Shell in the UK, where the oil and gas major will be using some of the electricity produced by the Thanet offshore wind farm. The companies have signed a five-year agreement for the delivery of 300,000 MWh of electricity from Thanet,
Eolink, Valorem, and Centrale Nantes have been awarded EUR 14.9 million from the funding programme “France 2030” for the manufacturing of Eolink’s floating wind turbine and its deployment at the SEM-REV test site offshore Le Croisic in France. The 5 MW, pre-commercial floating wind turbine will be c
German chemicals company Evonik has signed a long-term power purchase agreement (PPA) with EnBW for electricity generated at the 900 MW He Dreiht offshore wind farm in the German North Sea. The PPA provides Evonik with 100 MW of electricity per year from He Dreiht, enabling Evonik to cover around a
Leading offshore wind developer Ørsted has recorded an operating profit (EBITDA) of DKK 25.4 billion (EUR 3.41 billion) for the first nine months of the year, of which DKK 10.9 billion related to the 50 per cent farm-downs of the Hornsea 2 and the Borkum Riffgrund 3 offshore wind farms. EBITDA exclu
