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Business & Finance

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Thor Wind Turbine
Business & Finance

Rise Light & Power Proposes to Replace New York City Fossil Fuel Generation with Offshore Wind

Rise Light & Power has revealed its Queensboro Renewable Express (Queensboro) plan, an offshore wind transmission project that will bring renewable energy to Queens and replace existing fossil fuel generation. The company’s idea is to use multiple sets of transmission cables to bring up to 3.9 GW of

about 4 years ago
GE Haliade-X
Business & Finance

New Jersey Steps Into Patent Dispute Between GE and Siemens Gamesa

The US State of New Jersey has argued that its residents will be ”irreparably harmed” if the 1.1 GW Ocean Wind offshore wind project is not exempt from a permanent injunction against the use of GE Haliade-X wind turbines on offshore wind projects in the USA sought by Siemens Gamesa. Back in June, a

about 4 years ago
Thor Wind Turbine
Business & Finance

EDF Renewables Joins Local Developer in Bidding at Taiwan’s Upcoming Offshore Wind Tender

Taiwan’s offshore wind developer Taiya Renewable Energy and French energy major EDF Renewables have entered into a partnership to jointly bid in Taiwan’s upcoming auction with the Huan-Yang offshore wind project, developed by Taiya Renewable Energy. The Huan-Yang wind farm is proposed to be built of

about 4 years ago
Source Energie Plans Another Gigawatt-Scale Floating Wind-to-Hydrogen Project in UK
Business & Finance

Source Energie Plans Another Gigawatt-Scale Floating Wind-to-Hydrogen Project in UK

Source Energie has unveiled plans for a second gigawatt-scale floating wind project in the Celtic Sea that would produce large-scale low-carbon green hydrogen offshore and transport the gas back to shore via a dedicated pipeline. This move comes after the company announced that it joined forces with

about 4 years ago
RVO Issues Nederwiek Geophysical Survey Tender
Business & Finance

RVO Issues Nederwiek Geophysical Survey Tender

The Netherlands Enterprise Agency (RVO) has issued a tender for a geophysical survey at the offshore Nederwiek Wind Farm Sites Zuid & Noord (North and South), and one other possible investigation area in the Dutch North Sea. The aim of this tender is to conclude an agreement with a tenderer who is a

about 4 years ago
Thor Wind Turbine
Business & Finance

Offshore Wind-to-Hydrogen Brings High Profile Investors to Dutch TCP Pipeline Producer

HydrogenOne Capital Growth has signed definitive agreements for an investment of EUR 10 million in Strohm, the Dutch manufacturer of hydrogen pipelines who already saw Shell Ventures, Chevron Technology Ventures, and Evonik Venture Capital joining in as investors. HydrogenOne, the first LSE-listed i

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

Keppel Buys Stake in German Offshore Wind Farm

Keppel Corporation Limited and Keppel Infrastructure Fund Management are jointly investing EUR 305 million to acquire a 50.01 per cent stake in a special purpose vehicle that holds 50 per cent of the Borkum Riffgrund 2 offshore wind farm in the German North Sea. The special purpose vehicle is curren

about 4 years ago
An aerial photo of a wind turbine at Hornsea Two
Business & Finance

World Days Away from Getting New Biggest Offshore Wind Farm

All wind turbines have been fully commissioned and are commercially operational at the 1.3 GW Hornsea Two in the UK which will soon become the world’s biggest single operational offshore wind farm. The project’s owner and developer, Ørsted, expects the wind farm to be fully commissioned later this m

about 4 years ago
Thor Wind Turbine
Business & Finance

Taiwan’s Largest Offshore Wind Farm to Come Online Later Than Expected

The commissioning of the 900 MW Greater Changhua 1 & 2a has been delayed to 2023, according to Ørsted’s interim report for the first half of 2022. The project was initially scheduled to be fully operational by the end of the year, but due to COVID-19-related delays, the commissioning of the wind far

about 4 years ago
Thor Wind Turbine
Business & Finance

Ørsted Ups Full-Year Guidance on Operating Profit, Gross Investments

The world’s leading offshore wind developer Ørsted has increased its full-year operating profit (EBITDA) guidance and gross investment guidance following the release of the results for the second quarter of the Fiscal Year 2022. The company’s EBITDA for the first half of the year amounted to DKK 13.

about 4 years ago
Thor Wind Turbine
Business & Finance

RWE-Northland Power Joint Venture Adds Fourth Offshore Wind Project

RWE and Northland Power, which partnered in January to jointly develop three offshore wind projects in Germany, have now also agreed to co-develop another, 225 MW offshore wind farm in the country. At the beginning of this year, the two companies entered into an agreement to establish a joint ventur

about 4 years ago
Outer Dowsing Corio Generation offshore wind
Business & Finance

ODE Wins Work on UK’s 1.5 GW Offshore Wind Project

Outer Dowsing Offshore Wind, a joint venture of TotalEnergies and Corio Generation, has selected Offshore Design Engineering Ltd. (ODE) to deliver Owner’s Engineer support to the pre-front-end engineering design (FEED) stage for its 1.5 GW Outer Dowsing offshore wind project in the UK. As Owner’s En

about 4 years ago
Vestas
Business & Finance

Vestas Agrees to Sell Converters and Controls Business to KK Wind Solutions

Wind turbine manufacturer Vestas has signed an agreement with KK Wind Solutions (KK) for the acquisition of Vestas’ converters and controls business. The deal includes Vestas’ three converters and control panels factories in Denmark, India, and China and associated staff functions. In total, around

about 4 years ago
Thor Wind Turbine
Business & Finance

Launch Academy Companies Secure Funding for Offshore Wind Solutions

Ten UK technology innovator companies have secured more than GBP 1 million (approximately EUR 1.2 million) in funding to help deliver solutions for the UK’s offshore wind industry. The companies, which are part of the Offshore Renewable Energy (ORE) Catapult’s Launch Academy programme, have created

about 4 years ago
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