Wind turbine manufacturer Vestas expects the company’s full-year revenue for 2022 to range between EUR 14.5 billion and EUR 15.5 billion, as compared to the previously expected EUR 14.5 billion to EUR 16 billion. The adjustment of the full-year guidance follows the release of the company’s results f
TEPCO Renewable Power, a subsidiary of Japan’s Tokyo Electric Power Company Holdings (TEPCO), has entered into an agreement with the shareholders of the Scottish offshore wind developer Flotation Energy to purchase 100 per cent of Flotation Energy’s issued shares. This represents TEPCO’s first major
Ørsted and T&T Group have signed a landmark agreement with the Ministry of Planning and Investment’s (MPI) National Innovation Center (NIC) to bolster technical capacity and build technological expertise in Vietnam’s offshore wind sector. The goal of this five-year cooperation agreement is to launch
Three US ports have secured around USD 93.2 million through the Port Infrastructure Development Grants for projects aiming to serve the offshore wind industry. The Arthur Kill Offshore Wind Terminal Project on Staten Island, New York, has secured a little over USD 48 million to fund the dredging of
Fugro has reported a revenue of EUR 480.2 million for the third quarter of 2022, an increase of 17.4 per cent compared to EUR 378 million in Q3 2021, said to be supported by high demand for offshore wind solutions. The increase in revenue was fuelled by ongoing high client demand across markets, mos
Iberdrola has incorporated one more planned offshore wind farm into its project development portfolio in Japan, according to the latest quarterly results published by the Spanish company, which is now also in an advanced discussion stage for another project in the country. “In addition to the Aomori
Ørsted and Copenhagen Infrastructure Partners (CIP) are entering into a 50/50 partnership to develop four large-scale offshore wind projects under the ‘open door’ scheme in Denmark. The projects are planned to include Power-to-X capabilities and to be built before or in parallel with the projects se
American utility PPL Corporation, through its subsidiary PPL TransLink LLC, and Belgium’s Elia Group, through its subsidiary WindGrid, have signed an agreement to develop and propose transmission solutions to integrate future offshore wind capacity to the onshore grid in the New England region, USA.
Maersk Training has signed a collaboration agreement with GiraffeWork (subsidiary of parent company Daikyo Kenki) to establish a training centre for the offshore wind industry in Japan. The partners said the training centre will offer courses according to the Global Wind Organisation (GWO), will be
Australia’s federal government and the Victoria state government plan to fast-track Victorian Renewable Energy Zones (REZ) and offshore wind development in an effort to create new energy jobs across Victoria, unlock cleaner, cheaper and more secure energy, and put downward pressure on prices. The Co
Hellenic Cables has awarded Vos Prodect with a contract to deliver its sealed cable hang-off systems for the Vesterhav Nord and Syd offshore wind farms in the Danish North Sea. Vos Prodect said it will perform an extensive test program at the testing facility using the 66kV cross-linked polyethylene
Dutch-German grid operator TenneT has launched and priced a senior Green Bond issue of EUR 3 billion, with proceeds set to be used for investing in eligible green power transmission projects in the Netherlands and Germany. The transaction was split into four tranches with the first tranche running t
Equinor has appointed a new president of its offshore wind business in the US, the company announced on 17 October. As of 1 January 2023, Equinor Wind US will be led by Molly Morris, currently serving as Special Advisor under Siri Espedal Kindem, whom Morris will soon succeed. Espedal Kindem will ta
The US Bureau of Ocean Energy Management (BOEM) has deemed 43 companies eligible to bid in the upcoming offshore wind lease sale in California, with the majority on the list being Europe-headquartered energy companies and floating wind technology developers, either as standalone entities or as part
