Siemens Energy has launched a voluntary cash tender offer to acquire all outstanding shares in Siemens Gamesa Renewable Energy, or approximately 32.9 per cent of Siemens Gamesa’s share capital which it does not already own. The wind turbine manufacturer’s minority shareholders will be offered EUR 18
Avangrid Renewables, a subsidiary of Spain’s Iberdrola, has entered into a Host Community Agreement (HCA) with the Town of Barnstable for the 804 MW Park City Wind offshore wind farm in the US. Under the agreement, Avangrid Renewables will pay the town USD 16 million (approximately EUR 15 million) a
There should be no limiting criteria for the producers and buyers of green hydrogen on the use of electricity to produce it, RWE said in a comment on a proposed delegated act in the EU which would permit only electricity from newly built, unsubsidised wind and solar energy farms to generate green hy
Tokyo-based PowerX, Inc. has raised approximately JPY 4.15 billion (around EUR 31 million) in the first half of Series A funding to finance the establishment of the battery assembly facility “Power Base” and energy storage solutions (ESS) R&D efforts. The financing round was co-led by Spiral Capital
The Spanish Wind Energy Association (AEE) has called for faster permitting processes for onshore and offshore wind projects in Spain, in light of the latest plan under the REPowerEU strategy to increase the renewable energy target from 40 to 45 per cent by 2030 and WindEurope’s warning that greater
Copenhagen Infrastructure Partners (CIP) has unveiled plans to build an artificial island dedicated to large-scale production of green hydrogen from offshore wind in Denmark and has entered an agreement with Allianz Investment Management (AIM) to perform a feasibility study for a similar project in
The UK government has opened the GBP 160 million Floating Offshore Wind Manufacturing Investment Scheme (FLOWMIS) for expressions of interest. Announced in November 2021, the investment scheme will provide government funding to boost floating offshore wind capability around the UK at sites in Scotla
Spanish energy company Iberdrola has held a ceremony to mark the construction of the second Operations and Maintenance (O&M) building in the port of Sassnitz-Mukran for the Baltic Eagle and Windanker offshore wind farms. The O&M building is expected to be completed by the end of 2022. The two offsho
Massachusetts’s Baker-Polito Administration has announced its plans to invest USD 100 million to support offshore wind ports in Salem, New Bedford, and Somerset. Governor Charlie Baker made this announcement on 18 May in Salem at the site of what will be Massachusetts’ second offshore wind port. The
SSE Renewables and Brookfield have agreed an exclusive partnership with the VEMW Wind consortium of 13 large and small Dutch energy users as part of their joint bid for the Hollandse Kust West Site VII offshore the Netherlands. SSE Renewables and Brookfield submitted joint bids for the Hollandse Kus
Vattenfall has been awarded GBP 9.3 million in innovation funding from the Net Zero Innovation Portfolio Low Carbon Hydrogen Supply 2 fund by the UK government for the Hydrogen Turbine 1 (HT1) project offshore Aberdeen, Scotland. The funding will be used to develop the world’s first hydrogen-produci
POSCO Energy and Copenhagen Infrastructure Partners (CIP) have signed a Memorandum of Understanding (MoU) to cooperate on offshore wind and green hydrogen business development. Under the MoU, the two companies will work together on the development of offshore wind projects, cooperate on supply chain
Brazilian oil & gas major Petrobras announced on 18 May that it was evaluating the environmental feasibility of building an offshore wind farm in Aracatu, Brazil, together with Equinor. The partnership on the up to 4 GW project follows the Memorandum of Understanding (MoU) the two companies signed i
The management of Siemens Energy AG is considering a cash tender offer for all outstanding shares in Siemens Gamesa Renewable Energy S.A. with the intention to delist. The outcome of this consideration is open, no decision has been made, and there is no certainty that a transaction will materialize,
