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
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
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
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
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
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
Havfram is in early talks with a partner(s) for the Scottish Innovation and Targeted Oil and Gas (INTOG) offshore wind seabed leasing round, according to the company’s press release from 2 March. Six months ago, Crown Estate Scotland announced it would organise a specific leasing round prioritising
Belgian electricity transmission operator Elia Group has approved the establishment of a new subsidiary, WindGrid, which will focus on the international market for offshore grid infrastructure. According to Elia Group, WindGrid is a logical step in its expansion since Europe and other markets are ex
German energy company EnBW has decided to exit the US offshore wind market and focus its future offshore wind activities on Europe. The move was prompted by ”successful auctions in the UK and the announcement of bold offshore wind build-out targets in Germany,” EnBW said. The company’s US entity, En
Sumitomo Electric Industries and Seaway 7 have signed a Memorandum of Understanding (MoU) to together provide subsea cable engineering, procurement, installation, and commissioning (EPIC) services for offshore wind projects in Japan and the wider Asia-Pacific region. The collaboration is planned to
The US Bureau of Ocean Energy Management (BOEM) has completed the country’s biggest offshore wind auction after three days and 64 rounds, and the six offered lease sites gathering a total of USD 4.37 billion that will go to the US Treasury. The largest and most expensive site, which could accommodat
Offshore Renewable Energy (ORE) Catapult has chosen 20 UK-based companies to benefit from the Fit For Offshore Renewables (F4OR) business improvement and supply chain growth programme. The F4OR programme, which is funded by the Energy Transition Zone (ETZ) and delivered in partnership with the Nucle
Germany’s Federal Network Agency (Bundesnetzagentur) has put an offshore wind area in the North Sea out to tender. The area will support the development of up to 980 MW of capacity, and the price of the electricity is capped at EUR 64 per MWh. The bidder with the lowest subsidy requirement for a win
South Korea’s CS Wind has acquired the remaining 40 per cent stake in the Portuguese wind turbine tower manufacturer, ASM Industries, from WAM Investments. This transaction follows the sale of the 60 per cent stake in ASM by WAM to CS Wind in July 2021. WAM said the two partners concluded that the m
