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Business & Finance

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Skyborn Renewables
Business & Finance

Mubadala Acquires Stake in German Skyborn Renewables

Abu Dhabi-based Mubadala Investment Company has invested in Skyborn Renewables, as part of a Global Infrastructure Partners (GIP) – led consortium. Skyborn Renewables is the former offshore wind unit of wpd offshore, which Global Infrastructure Partners (GIP) bought earlier this year with the transa

about 4 years ago
A floating wind turbine out at sea photographed from sea surface level
Business & Finance

BP Could Place Its First Floating Wind Bid in California

BP has qualified as an eligible bidder for the upcoming (floating) offshore wind lease sale in California, for which the US Government just announced would be held on 6 December by the Bureau of Ocean Energy Management (BOEM). Since the issuance of the Proposed Sale Notice (PSN) for the five lease s

about 4 years ago
Offshore wind turbines in the sunset.
Business & Finance

Brazil and Colombia to Lead Offshore Wind Charge in Latin America – Analysis

Latin America will see a sharp increase in offshore wind projects, with capacity reaching 34 GW by 2050, driven by the growth of off-grid green hydrogen projects, according to new analysis from Wood Mackenzie. Offshore wind activity will correspond to a 15.4 per cent compound annual growth rate star

about 4 years ago
BayWa r.e. Unveils Subsidy-Free Floating Wind Project Offshore Portugal
Business & Finance

BayWa r.e. Unveils Subsidy-Free Floating Wind Project Offshore Portugal

BayWa r.e. has officially applied to secure the rights for an exclusive use of the seabed for a commercial-scale floating offshore wind project in Portugal, which the company said will be the first subsidy-free floating wind farm in the world. This follows initial discussions and consultation stages

about 4 years ago
Rhode Island Issues 1 GW Offshore Wind Call
Business & Finance

Rhode Island Issues 1 GW Offshore Wind Call

Rhode Island Energy, the state’s primary utility company, has issued a request for proposal (RFP) for offshore wind, targeting an additional 600 MW to 1,000 MW of capacity. Offshore wind project proposals by bidders will be due to Rhode Island Energy on 1 February 2023. In July, Governor McKee signe

about 4 years ago
First foundation installed at Dogger Bank Wind Farm
Business & Finance

Vårgrønn Acquires Eni’s Stake in World’s Largest Offshore Wind Farm

Vårgrønn, a joint venture between Eni’s energy transition business Plenitude and the Norwegian energy investor HitecVision, has completed the acquisition of Plenitude’s stake in the three phases of the 3.6 GW Dogger Bank Wind Farm in the UK. As reported in June, Vårgrønn signed an agreement with Ple

about 4 years ago
A bp facility with the company's logo
Business & Finance

BP to Form Global Floating Wind Team

The original article published on 14 October has been updated following the news that BP has qualified as an eligible bidder for the first offshore wind lease sale in California. BP is advertising a new opening in its offshore wind business, this time looking for the Head of Floating Offshore Wind,

about 4 years ago
Hexicon TwinWind Technology, Ingka
Business & Finance

AvenHexicon Moves Forward with Floating Wind Projects Offshore Italy

Sweden-headquartered Hexicon has unveiled that its Italian joint venture secured priority rights for two areas to develop floating offshore wind farms in Italy. The first area, located south of Sicily, is 346 square kilometres and has the potential for about 1.2 GW of capacity, while the second area

about 4 years ago
Seajacks Zaratan at Akita Port
Business & Finance

Japan to Get New Offshore Wind Training Centre in Akita

Nippon Yusen Kaisha (NYK), together with Nippon Marine Enterprises, has announced that it will establish a training centre for offshore wind power generation in Akita Prefecture, Japan. The consortium was selected in a public offering for subsidized projects in the 2022 Subsidy for Offshore Wind Pow

about 4 years ago
Cadeler F-Class Newbuild Booked Until 2030
Business & Finance

Cadeler F-Class Newbuild Booked Until 2030

Danish wind farm installation vessel owner and operator Cadeler has announced an agreement with an undisclosed customer that secures the utilization of the company’s F-class vessel for a period of up to four years. The agreement comes with a minimum guaranteed utilization and a high level of flexibi

about 4 years ago
Photo from Borkum Riffgrund 2 which came into operation in 2018.
Business & Finance

Westwood: Current Leasing Rounds Hold 135 GW of New Offshore Wind Capacity

The offshore wind sector is witnessing accelerated growth both in the size and number of new projects, as well as in new markets, with 135 GW of new capacity now available in leasing rounds around the world, according to new analysis from the energy market research firm Westwood Global Energy Group.

about 4 years ago
Swiss-Norwegian Partnership Targets Floating Offshore Wind Foundations
Business & Finance

Swiss-Norwegian Partnership Targets Floating Offshore Wind Foundations

Swiss construction company Implenia and Norway’s WindWorks Jelsa (WWJ) have signed a Memorandum of Understanding (MoU) to jointly offer the production of concrete structures and general services to the floating offshore wind industry in Jelsa, on the Norwegian west coast. Implenia and WindWorks Jels

about 4 years ago
Refined Areas of Search
Business & Finance

Crown Estate Updates Celtic Sea Lease Areas

The Crown Estate has refined the “Areas of Search” for the development of floating offshore wind in the Celtic Sea, as part of the work toward holding a seabed leasing round for 4 GW of floating wind next year. Following the announcement in July of five broad “Areas of Search”, the Crown Estate has

about 4 years ago
Forth Green Freeport Consortium Unveils Details for Rosyth Development
Business & Finance

Forth Green Freeport Consortium Unveils Details for Rosyth Development

The consortium behind the Forth Green Freeport project in Scotland, which submitted a bid for the development to the UK and Scottish governments in June, released details for the major enhancement of the Rosyth port and waterfront areas within Fife that would support the offshore wind industry. The

about 4 years ago
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