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Business & Finance

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A photo of an Iberdrola worker facing an offshore wind farm
Business & Finance

Iberdrola Gathering Tier 1 Contractors for East Anglia Three, Project Qualified for CfD Auction

The 1.4 GW East Anglia 3 offshore wind project has successfully qualified for the Contracts for Difference (CfD) Round 4 auction in the UK and is awaiting the opening of the bidding phase in the second quarter of the year, Iberdrola said. The eligibility window for the auction opened on 13 December

about 4 years ago
A photo of Parkwind's Northwester 2offshore wind farm in Belgium
Business & Finance

Parkwind’s First Move Outside Europe Made Down Under

Parkwind is entering the offshore wind market in Aotearoa New Zealand and Australia, and has made its first move outside of Europe by naming a country manager in the two countries. The Belgium-based offshore wind developer, which says its move reflects the high potential in the region, has appointed

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

Orlen Group to Compete in Lithuanian Offshore Wind Auction

Poland’s Orlen Group plans to compete in an upcoming auction for the development of an offshore wind farm with a capacity of 700 MW in the Lithuanian part of the Baltic Sea. The auction for the developer of Lithuania’s first offshore wind farm is planned to be launched in the second half of 2023, wi

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

Brookfield Joins SSE on Hollandse Kust West Bids

SSE Renewables and Canada-headquartered Brookfield are bidding together in the 1.4 GW Hollandse Kust West offshore wind farm zone tenders in the Netherlands, launched on 14 April. According to the two companies, the 50/50 partnership combines SSE Renewables’ experience in developing, constructing an

about 4 years ago
NKT-commissions-Hornsea-Two-power-cable-system
Business & Finance

Hornsea Two Export Cable System All Done

NKT has commissioned the 220 kV HVAC export cable system connecting the 1.3 GW Hornsea Two offshore wind project to the UK grid. NKT manufactured the power cables for the project at its factory in Karlskrona, Sweden. The installation of the subsea cables was completed by the cable-laying vessel NKT

about 4 years ago
Waves Group Secures Another Contract for Dogger Bank Offshore Wind Farm
Business & Finance

Waves Group Secures Another Contract for Dogger Bank Offshore Wind Farm

UK-based marine consultant Waves Group Ltd (Waves Group) has secured the Marine Warranty Surveyor (MWS) contract for the construction of the 1.2 GW Dogger Bank C wind farm offshore England. This is the company’s third win of the three project phases as they’re currently providing MWS services for Do

about 4 years ago
Irish Port Unveils EUR 200 Million Offshore Wind Upgrade Plan
Business & Finance

Irish Port Unveils EUR 200 Million Offshore Wind Upgrade Plan

The management of Ireland’s Rosslare Europort has announced plans to transform the port into Ireland’s Offshore Renewable Energy Hub, with an investment into realising the project estimated at EUR 200 million. The plan involves establishing the port, its hinterland, and the south-east region as an O

about 4 years ago
Eni’s Plenitude Investing in W2Power Floating Offshore Wind Technology
Business & Finance

Eni’s Plenitude Investing in W2Power Floating Offshore Wind Technology

Italian oil and gas major Eni will, through its energy transition unit Plenitude, invest in EnerOcean S.L., the Spanish developer of the W2Power technology for floating wind power. The deal is structured as a long-term partnership focused on the deployment of the W2Power technology as a lead contend

about 4 years ago
ORE NIWE
Business & Finance

ORE Catapult and NIWE Form UK-India Offshore Wind Partnership

Offshore Renewable Energy (ORE) Catapult and India’s National Institute of Wind Energy (NIWE) have announced a Joint Declaration of Intent (JDI) to establish a five-year collaboration programme to support UK and India’s offshore wind industry. The two organisations will work together on innovation a

about 4 years ago
Installation of Siemens Gamesa Turbine at Hornsea Two
Business & Finance

Europe Entering Record-Breaking Offshore Wind Streak

New offshore wind capacity additions in Europe are poised to hit a record high of 4.2 GW this year, topping 4 GW for the first time and more than doubling additions seen in 2021, Rystad Energy research shows. The continent’s capacity additions in 2022 will top the previous annual record of 3.8 GW se

about 4 years ago
PGE and Ørsted to Hold Supply Chain Meeting for Baltica Offshore Wind Farm
Business & Finance

PGE and Ørsted to Hold Supply Chain Meeting for Baltica Offshore Wind Farm

PGE and Ørsted have invited suppliers to a virtual meeting about the construction of the Baltica offshore wind farm in Poland. During the meeting, to be held on 22 April, investors will present the progress of works related to the development of the Baltica offshore wind farm from connection infrast

about 4 years ago
Boskalis' Ndurance cable laying vessel at an offshore wind turbine.
Business & Finance

Boskalis Wins Large Offshore Wind Cabling Contract

Boskalis informed on 20 April that the company won a contract for the transportation and installation of export cables for an offshore wind project, classifying the contract value as “significant”, which for Boskalis means it is worth between EUR 150-300 million. The company said the project for whi

about 4 years ago
Denmark Plans New Energy Islands to Help Wean Europe Off Russian Fossil Fuels
Business & Finance

Denmark Plans New Energy Islands to Help Wean Europe Off Russian Fossil Fuels

The Danish government has begun preparations for the development of new energy islands in an effort to secure the country’s and Europe’s independence from Russian fossil fuels. According to Denmark’s Ministry of Climate, Energy and Utilities, Russia’s invasion of Ukraine has left the EU in a new geo

about 4 years ago
Siemens Gamesa Withdraws Guidance Following Second Quarter of EUR 300+ Million Losses
Business & Finance

Siemens Gamesa Withdraws Guidance Following Second Quarter of EUR 300+ Million Losses

Wind turbine manufacturer Siemens Gamesa Renewable Energy, S.A. has put the guidance for the financial year of 2022 under review after reporting a EUR 304 million loss in the second quarter of the fiscal year. Siemens Gamesa recorded a EUR 613 million loss in the first half (October 2021 – March 202

about 4 years ago
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