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Business & Finance

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A photo of the Gwynt y Mor offshore wind farm in the uk
Business & Finance

RWE Enters India’s Offshore Wind Market

RWE Renewables and India’s integrated power company Tata Power have entered into a partnership to explore the potential for a joint development of offshore wind projects in India. The partnership was forged after Tata Power Renewable Energy Limited, a wholly owned subsidiary of Tata Power, and RWE R

about 4 years ago
Edda Wind Shareholder Buys Into Reach Subsea to Scale Up Remote Subsea Ops
Business & Finance

Edda Wind Shareholder Buys Into Reach Subsea to Scale Up Remote Subsea Ops

Norwegian maritime group Wilhelmsen, which holds ownership stakes in Edda Wind and NorSea Wind, has acquired a 21 per cent stake in the compatriot subsea contractor Reach Subsea to position itself in the renewable value chain and explore the remote subsea concept. As disclosed, Wilhelmsen and Reach

about 4 years ago
GRI Renewable Industries
Business & Finance

Another Offshore Wind Tower Factory Announced in Poland

Following the news that Spanish wind turbine tower manufacturer, Windar, will build a factory in Poland, Polish Offshore Wind Energy Society (PTMEW) said via social media that there was another agreement for a factory of this kind in the country between its supporting member Agencja Rozwoju Przemysł

about 4 years ago
An image rendering Brayton Point subsea cable plant
Business & Finance

Prysmian Buys Massachusetts’s Former Coal Power Plant Site to Build Offshore Wind Cable Factory

Italy-based subsea power cable supplier, Prysmian, has signed a purchase agreement with Commercial Development Company (CDC) for a site at Brayton Point in Somerset, Massachusetts, which housed a now-closed coal-fired power plant and will soon be home to a USD 200 million offshore wind cable factory

about 4 years ago
Windar to Build EUR 80 Million Offshore Wind Tower Factory in Poland
Business & Finance

Windar to Build EUR 80 Million Offshore Wind Tower Factory in Poland

Spain-based company Windar Renovables has decided to invest EUR 80 million to build a new offshore tower factory in Poland to serve the emerging offshore wind industry in the Baltic Sea. Construction works are slated to begin this year, while the production is expected to start in early 2024, as of

about 4 years ago
Kincardine floating wind farm
Business & Finance

Floating Wind LCOE to Drop Below USD 40/MWh by 2050, Installed Capacity to Reach 264 GW

Floating wind technology development will enable the levelised cost of energy (LCOE) to drop below USD 100/MWh by 2025 and under USD 40/MWh in 2050, which will further drive, together with some other factors, an increase in cumulative installed capacity to 264 GW by 2050, according to a report from

about 4 years ago
A photo of the Block Island Wind Farm's turbine with a US flag visible on the right
Business & Finance

Natural Power, Keystone Engineering Team Up Offshore US

Renewable energy consultancy and service provider Natural Power and offshore wind engineering company Keystone Engineering have formed a partnership to pursue and collaborate on technical consulting and advisory business opportunities in the US offshore wind market. According to Natural Power, their

about 4 years ago
A photo of the Yangjiang Shapa Phase 2 offshore wind farm in China
Business & Finance

WFO Says China Connected 12.7 GW of Offshore Wind in 2021

A report just released by World Forum Offshore Wind (WFO) states that China connected 12.7 GW of new offshore wind capacity to its grid last year. This is 4.2 GW less than reported last month based on data from China’s National Energy Administration. China grew with 12,689 MW of newly installed capa

about 4 years ago
Arklow Bank Phase 1
Business & Finance

SSE Renewables Calls On Ireland to Raise Offshore Wind Ambitions

SSE Renewables has called on the Irish Government to expand its renewable energy ambition and increase its current 5 GW target of installed offshore wind energy by 2030. Speaking at the Irish Renewable Energy Summit at Croke Park, Dublin, the company’s Director of Development Maria Ryan said the off

about 4 years ago
A photo of the Block Island Wind Farm's turbine with a US flag visible on the right
Business & Finance

2022 to Provide Sneak Peek Into What Lies Ahead for US Offshore Wind

Offshore wind activities that will be taking place in the United States throughout this year could provide early insight into what lies ahead for the country in terms of offshore wind deployment volume, reuse of oil and gas infrastructure, Power-to-X opportunities and, most importantly, readiness an

about 4 years ago
Van-Oord-picks-Sofia-inter-array-cable-supplier
Business & Finance

Van Oord Picks Sofia Inter-Array Cable Supplier

Hellenic Cables has won a contract by Van Oord Offshore Wind UK for the supply of 66 kV inter-array cables and accessories for the 1.4 GW Sofia offshore wind project in the UK. Under the contract, Hellenic Cables will design, engineer, manufacture, test and supply approximately 360 kilometers of 66

about 4 years ago
Iberdrola to Invest USD 10 + Billion in Wind Projects Offshore Massachusetts
Business & Finance

Iberdrola to Invest USD 10 + Billion in Wind Projects Offshore Massachusetts

Iberdrola will invest more than USD 10 billion in the development of three offshore wind complexes in Massachusetts, the Spanish energy company’s CEO, Ignacio Galán, told the Governor of Massachusetts, Charlie Baker. During the meeting, Galán also explained the company’s growth plan in the United St

about 4 years ago
GE and Hyundai Electric Bringing Haliade-X Offshore Wind Turbine to South Korea
Business & Finance

GE and Hyundai Electric Bringing Haliade-X Offshore Wind Turbine to South Korea

GE Renewable Energy and Hyundai Electric & Energy Systems are planning to establish a strategic industrial partnership to support the growth of offshore wind in South Korea. The two companies signed a Memorandum of Understanding (MoU) to form the strategic offshore wind partnership in South Korea on

about 4 years ago
TÜV SÜD, Tractebel DOC Join Forces in Offshore Wind
Business & Finance

TÜV SÜD, Tractebel DOC Join Forces in Offshore Wind

The international provider of testing, inspection, and certification services, TÜV SÜD, has signed an agreement with the German-based company Tractebel DOC, under which the two companies will collaborate on offshore wind focusing on joint project implementation and the development of new services. B

about 4 years ago
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