NZ Super Fund and Copenhagen Infrastructure Partners (CIP) are working in partnership to explore the potential for large-scale offshore wind energy in the South Taranaki Bight offshore New Zealand. The NZD 58 billion (EUR 36.4 billion) NZ Super Fund is a global investment fund that was established b
Ørsted has signed an agreement to divest 50 per cent of its 1.3 GW Hornsea Two offshore wind farm in the UK to a consortium comprising AXA IM Alts and Crédit Agricole Assurances for GBP 3 billion (approximately EUR 3.6 billion). The transaction is expected to close in the second half of 2022, once t
Shell plans to invest up to GBP 25 billion (approximately EUR 30 billion) in the UK energy system over the next ten years, with offshore wind being one of the main areas the oil and gas giant has set its sights on in the UK. The company said via a social media post it planned […]
Dutch marine contractor Van Oord has reported a EUR 62 million net loss for the Fiscal Year 2021 due to large loss provisions taken on three projects in the business units Netherlands and Offshore wind: the Afsluitdijk project in the Netherlands, the Saint-Brieuc project in France, and the Greater C
Blackstone Infrastructure Partners, Caisse de dépôt et placement du Québec (CDPQ), First Light Power, and Ullico Infrastructure Fund will fund an offshore wind project planned to be built at one of the New York Bight sites, for which Invenergy Wind Offshore LLC, a development entity led by project s
SCHOTTEL has reached an agreement with Virginia-based Lyon Shipyard to support the servicing of vessels in the emerging US offshore wind industry. SCHOTTEL, headquartered in Germany, is a manufacturing company that produces propulsion and steering systems for ships and offshore applications, while L
Blåvinge, the partnership between Fred. Olsen Seawind, Hafslund Eco, and Ørsted which plans to bid in the upcoming offshore wind auction in Norway, is entering into an exclusive collaboration with Rosenberg Worley to develop floating offshore wind farms. Under the agreement, the Blåvinge partners an
SSE Renewables plans to commission the Arklow Bank Wind Park Phase 2 in 2028 and not in 2025 as initially planned as the developer confirmed that it plans to apply for a Maritime Area Consent (MAC) for the project under Ireland’s new consenting regime. The decision by SSE Renewables to transfer Phas
Mitsui & Co., Ltd., part of Japan’s Mitsui Group, has agreed to invest EUR 575 million in Mainstream Renewable Power in the form of new common shares, corresponding to a 27.5 percent equity stake in the global renewable energy company. Mitsui will take a long-term active role in the growth of Mainst
Poland’s PGE and Ørsted have invited suppliers to the first in a series of meetings to discuss the needs related to the construction of the Baltica Offshore Wind Farm in Poland. During the first meeting, to be held on 22 April, investors will present the progress of the Baltica Offshore Wind Farm fr
16.8 gigawatts (GW) of new commissioned offshore wind capacity was added globally in 2021, a 161 per cent increase compared with 2020, fueled largely by increased activities offshore China, according to a new report by research company BloombergNEF (BNEF). The scheduled end to China’s offshore wind
Dan McKee, the Governor of the US State of Rhode Island, has introduced legislation that would require a market-competitive procurement for approximately 600 MW of newly-developed offshore wind capacity. If enacted, Rhode Island’s primary utility company would be required to issue the procurement no
Estonia-headquartered developer of wind and solar energy projects in the Baltic States and Poland, Sunly, plans to develop multiple projects in the Baltic Sea and participate in offshore wind auctions in the region. The company, which applied for a permit for the construction of four offshore wind f
BP has entered into an agreement with Marubeni to form a strategic partnership for offshore wind and potentially other decarbonisation projects, including hydrogen, in Japan. The new partnership will see BP acquiring a stake in Marubeni’s proposed offshore wind project in the country. Under the agre
