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Business & Finance

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Shell and ScottishPower Set Up Multi-Million Offshore Wind Supply Chain Funds
Business & Finance

Shell and ScottishPower Set Up Multi-Million Offshore Wind Supply Chain Funds

ScotWind partners ScottishPower and Shell are set to invest a total of GBP 75 million to help the supply chain and businesses support the growth of the offshore wind industry in Scotland. ScottishPower and Shell were awarded the seabed rights to develop three new offshore wind projects with a combin

about 4 years ago
IKM K&L
Business & Finance

New Offshore Wind O&M Company Emerges in Norway

Norway-based Akastor ASA and IKM Industrial Group have joined forces to launch an operations & maintenance (O&M) company targetting developers, operators, sub-suppliers, and owners of offshore renewables infrastructure, including offshore wind farms. The company, named Føn Energy Services, will prov

about 4 years ago
Vestas Joins 9 GW Floating Offshore Wind Project in South Korea
Business & Finance

Vestas Joins 9 GW Floating Offshore Wind Project in South Korea

Danish wind turbine manufacturer Vestas has signed a Memorandum of Understanding (MoU) with Ulsan City, Ulsan Port Authority, and Sejin Heavy Industries & Construction to cooperate on Ulsan’s plan to develop a 9 GW floating offshore wind complex by 2030. According to the MoU, Ulsan City, Sejin Heavy

about 4 years ago
Danish Developer Proposes 3+GW Wind Farm Offshore Australia
Business & Finance

Danish Developer Proposes 3+GW Wind Farm Offshore Australia

Denmark’s Copenhagen Energy A/S has set in motion the plan to develop an offshore wind farm with a capacity in excess of 3 GW off Western Australia. Leeuwin Offshore Wind Pty Ltd, a wholly-owned subsidiary of Copenhagen Energy, is proposing the construction, operation, and decommissioning of the Lee

about 4 years ago
Port of Esbjerg to Boost Offshore Wind Ops with Digital Twin Tech
Business & Finance

Port of Esbjerg to Boost Offshore Wind Ops with Digital Twin Tech

Danish Port of Esbjerg has started working with global infrastructure advisory firm Moffatt & Nichol on developing a ‘digital twin’ of the port that will allow simulating future offshore wind projects. “Port Esbjerg and the whole supply chain in Esbjerg has a lot of experience in supporting offshore

about 4 years ago
A photo of High Tien Offshore Chairman TSENG Kuo Cheng and Jong Shyn Shipbuilding President HAN Yu Lin
Business & Finance

High Tien Offshore to Invest in Newbuild CTVs for Taiwan’s Offshore Wind Industry

High Tien Offshore (HTO) has signed a Letter of Intent with Jong Shyn Shipbuilding (JSS) for the construction of crew transfer vessels (CTVs) for the Taiwanese offshore wind industry. The vessel owner/operator says the locally-built CTVs will support the developers bidding in Taiwan’s Round 3 offsho

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

Belgian Offshore Wind-to-Hydrogen Project to Reach Final Investment Decision This Year

A final investment decision (FID) on the Hyoffwind project in Belgium, which entails linking offshore wind power production to a hydrogen production facility, is expected to be made this year, after the project consortium receives a permit for which it applied in 2021. The permit application process

about 4 years ago
Australian State Targets 9 GW of Offshore Wind by 2040, First Power in 2028
Business & Finance

Australian State Targets 9 GW of Offshore Wind by 2040, First Power in 2028

The government of Australia’s state of Victoria has released the Offshore Wind Policy Directions Paper which sets the target of the first offshore wind power coming online by 2028. The plan includes procuring projects that will generate at least 2 GW of offshore wind online by 2032 following a compe

about 4 years ago
Japanese Companies Make First Offshore Wind Foray Abroad
Business & Finance

Japanese Companies Make First Offshore Wind Foray Abroad

Japan’s Mitsui O.S.K. Lines (MOL), Toho Gas, and Hokuriku Electric Power Company have agreed to acquire a 25 per cent stake in Formosa I International Investment from Macquarie’s Green Investment Group in order to participate in Taiwan’s offshore wind power business. This will mark the first investm

about 4 years ago
Artistic rendering of concept for site development of the South Brooklyn Marine Terminal
Business & Finance

Equinor, BP and New York City Launch South Brooklyn Marine Terminal Transformation

The New York City Mayor, Eric Adams, has announced that plans for transforming the South Brooklyn Marine Terminal into a major staging and assembly facility for offshore wind and an operations and maintenance (O&M) base for the Empire Wind and Beacon Wind projects are moving forward. Under an agreem

about 4 years ago
A photo of WindFloat Atlantic floating wind farm
Business & Finance

TotalEnergies to Bid in Another US Offshore Wind Auction This Year

TotalEnergies, together with its Castle Wind LLC joint venture partner, Trident Winds, will participate in the US offshore wind lease sale in California in late 2022, the company said in a press release on 2 March, after taking over the stakes EnBW had in US offshore wind projects. The Castle Wind j

about 4 years ago
New Name Emerges in Offshore Wind Development Market
Business & Finance

New Name Emerges in Offshore Wind Development Market

Macquarie’s Green Investment Group (GIG) has announced plans to launch a new specialist offshore wind business named Corio Generation (Corio). The new company, to be headquartered in London and led by ex-Iberdrola offshore CEO Jonathan Cole, will operate on a standalone basis and take projects from

about 4 years ago
German TSO Ups Offshore Wind Grid Connection Investments
Business & Finance

German TSO Ups Offshore Wind Grid Connection Investments

German electricity transmission system operator (TSO), 50Hertz, will increase investments in the infrastructure required for the transport of renewable energies, with one of the focus areas being grid connections for large offshore wind farms in the Baltic and the North Seas. 50Hertz said it wanted

about 4 years ago
Leonardo da Vinci
Business & Finance

Prysmian Wins EUR 1.2 Billion Contract to Deliver UK-Germany Interconnector

Prysmian has won a contract worth around EUR 1.2 billion to deliver the 725-kilometer NeuConnect interconnector that will directly link the German and UK electricity grids for the first time. The Italian cabling giant will provide the turnkey design, manufacturing, installation, testing, and commiss

about 4 years ago
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