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Business & Finance

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Equinor's wind control room at Great Yarmouth
Business & Finance

Equinor Teams Up with UK Integrated Smart Energy Lab to Bolster Offshore Wind Industry

Equinor has partnered with Integrated Smart Energy Laboratory (ISEL), a sub-group of the North East Energy Catalyst, through which the developer will work with the UK research institutions to support research and development activities targeted at key offshore wind industry challenges. ISEL combines

about 4 years ago
Tekmar Gets Offshore Wind Order from Japan
Business & Finance

Tekmar Gets Offshore Wind Order from Japan

Tekmar has secured a contract to deliver an integrated engineering solution, including cable protection systems (CPS) and cable hang-off clamps, for an offshore wind project in Japan. Tekmar said that the contract is set to be delivered next year. The UK-based company did not reveal any other detail

about 4 years ago
Construction Starts on Mammoth Offshore Wind Monopile Factory in UK
Business & Finance

Construction Starts on Mammoth Offshore Wind Monopile Factory in UK

Construction works on the new offshore wind foundation factory in the UK, which will produce XXL monopiles, started on 7 July. The new facility, located at Redcar’s Teesworks, is being built by SeAH, a subsidiary of South Korea’s pipe manufacturer SeAH Steel Holdings, and will produce between 100 an

about 4 years ago
PKN Orlen and Northland Power Finalize Polish Offshore Wind Deal
Business & Finance

Lithuanian Oil & LNG Company Joins PKN Orlen in Offshore Wind Market

Lithuanian operator of oil and liquefied natural gas (LNG) terminals, KN (Klaipėdos Nafta AB), has signed a letter of intent with two companies in the Polish Orlen group, Orlen Neptun I and Energa Wytwarzanie, on cooperation in providing operation and maintenance (O&M) services for offshore wind far

about 4 years ago
Saipem Installs Saint-Brieuc OSS, Delivers Formosa 2 Jacket Foundations
Business & Finance

Saipem Installs Saint-Brieuc OSS, Delivers Formosa 2 Jacket Foundations

Saipem has reported that the company reached two important milestones in offshore wind this month following the installation of the offshore substation at the Saint-Brieuc wind farm site in France and the delivery of the final of its batch of jacket foundations for the Formosa 2 offshore wind farm i

about 4 years ago
Survey Starting at Scottish Floating Offshore Wind Project
Business & Finance

Survey Starting at Scottish Floating Offshore Wind Project

A geophysical and environmental survey is set to soon commence at the Salamander floating offshore wind project off the coast of Scotland in the North Sea. The geophysical survey and benthic drop-down video and grab survey activities are expected to commence on 26 July at the earliest and run until

about 4 years ago
Natural Power Bolsters Offshore Team
Business & Finance

UK Secures 7 GW of New Offshore Wind, Awards CfD to World’s Single Biggest OWF

The UK Government has awarded Contracts for Difference (CfDs) to five offshore wind projects at a strike price of GBP 37.35/MWh each. One of the five offshore projects, which have a total generation capacity of 7 GW, is Ørsted’s Hornsea Three, for which the developer says is the world’s single bigge

about 4 years ago
Vestas 15 MW turbine
Business & Finance

Vestas to Back 15 MW Turbine Development with New EIB Loan

Danish wind turbine manufacturer Vestas has signed a EUR 475 million (approximately USD 483 million) green loan with the European Investment Bank (EIB) to support its research, development, and innovation (RDI) activities through 2025. “As the need to accelerate the green energy transition has never

about 4 years ago
Two New Floating Wind Applications Filed for Tyrrhenian Sea, One for 3+ GW Project
Business & Finance

Two New Floating Wind Applications Filed for Tyrrhenian Sea, One for 3+ GW Project

Two companies have submitted applications to the Italian Ministry of Infrastructure and Transport for maritime concessions to build floating wind farms in the Tyrrhenian Sea, offshore Sardinia, with one of the projects proposed to have an installed capacity of more than 3 GW. This is an excerpt from

about 4 years ago
Shell Holland Hydrogen I
Business & Finance

Shell to Start Building Europe’s Largest Offshore Wind-to-Hydrogen Plant in Netherlands (Video)

Shell Nederland and Shell Overseas Investments, both subsidiaries of Shell, have taken the Final Investment Decision (FID) to build Holland Hydrogen I, which is said to be Europe’s largest renewable hydrogen plant once operational in 2025. The 200 MW Holland Hydrogen I electrolysis plant will be con

about 4 years ago
TotalEnergies Has Multi-Gigawatt Offshore Wind Plans in Denmark
Business & Finance

TotalEnergies Has Multi-Gigawatt Offshore Wind Plans in Denmark

TotalEnergies, the France-headquartered oil & gas and energy major, has multi-gigawatt offshore wind plans in Denmark. There, the company is eyeing the development of a minimum of 1.3 GW and a maximum of some 5.8 GW of offshore wind through two projects. This is an excerpt from a Premium article pub

about 4 years ago
A photo of a RWE offshore wind farm
Business & Finance

RWE Partners with Hellenic Petroleum on Offshore Wind Development in Greece

RWE and Hellenic Petroleum Holdings, through their subsidiaries RWE Renewables and HELPE Renewables, have teamed up to explore offshore wind opportunities in Greek waters. Through the 50:50 partnership, the companies aim to collaborate on the development, construction, and operation of offshore wind

about 4 years ago
Corio to Bid in UK’s Floating Wind Auction Together with New Local Player
Business & Finance

Corio to Bid in UK’s Floating Wind Auction Together with New Local Player

Corio Generation is partnering with Morwind, a company based in South-west England, to compete for floating offshore wind rights in the UK’s Celtic Sea. The partnership announcement between Corio and Morwind comes as the UK Government is looking to offshore wind as a major source of secure and affor

about 4 years ago
Natural Power
Business & Finance

Natural Power to Lead EIA for 1 GW Buchan Floating Wind Project

Floating Energy Allyance (FEA), a consortium comprising BW Ideol, Elicio, and BayWa r.e., has selected Natural Power to lead the Environmental Impact Assessment (EIA) for the Buchan floating wind project offshore Scotland. At the beginning of this year, FEA secured the rights, through Crown Estate S

about 4 years ago
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