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Business & Finance

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A BorWin platform near an offshore wind farm
Business & Finance

German Offshore Wind Yield Drops in 2021

German offshore wind farms produced 24 terawatt-hours (TWh) of electricity in 2021, a 10.75 per cent decrease compared to the record-breaking 26.89 TWh of electricity generated in 2020. The wind farms in the North Sea generated around 20.3 TWh of electricity in 2021, the transmission system operator

about 4 years ago
SSE Renewables to Compete in Next Dutch Offshore Wind Tender
Business & Finance

SSE Renewables to Compete in Next Dutch Offshore Wind Tender

UK energy company SSE Renewables plans to enter bids into the upcoming tenders for the 1.4 GW Hollandse Kust (west) wind farm zone in the Netherlands which are set to take place in the first half of 2022. The Dutch Government has recently issued revised draft Ministerial Orders which included tender

about 4 years ago
North Star Gets New Owner
Business & Finance

North Star Gets New Owner

Private markets firm Partners Group has agreed, on behalf of its clients, to acquire North Star, an operator of specialized vessels that offers emergency response and rescue and essential offshore wind maintenance services, from Basalt Infrastructure Partners. Headquartered in Aberdeen, Scotland, No

about 4 years ago
Nexans to Deliver Cables for New York’s First Offshore Wind Farm
Business & Finance

Nexans to Deliver Cables for New York’s First Offshore Wind Farm

French power cable manufacturer Nexans has received an order to deliver approximately 110 kilometres of high voltage subsea export cables for the South Fork offshore wind project in New York. The three-phase 138 kV high voltage alternative current (HVAC) subsea export cables will be integrated with

about 4 years ago
Borssele 3 and 4
Business & Finance

Van Oord Offloads Blauwwind Stake

Van Oord has sold and transferred its 10 per cent stake in the Blauwwind joint venture to the renewable energy asset manager Luxcara In 2016, the Blauwwind consortium was awarded the concession to design, construct, operate and maintain the Borssele III and IV offshore wind farm. The project is comp

about 4 years ago
Blyth Offshore Demonstrator
Business & Finance

EDF Renewables and DP Energy Form Celtic Sea Floating Wind Partnership

EDF Renewables has formed a joint venture partnership with DP Energy to generate up to 1 GW of floating offshore wind energy in the Celtic Sea, with the project likely to span English and Welsh waters. Work including identification of a refined area of search and detailed constraint studies for the

about 4 years ago
Iberdrola Makes Offshore Wind Power Play in the Philippines
Business & Finance

Iberdrola Makes Offshore Wind Power Play in the Philippines

Iberdrola has signed an agreement with Triconti ECC Renewables, the Philippines’ largest independent wind developer, and Stream Invest Holding AG, a Swiss renewable energy group, sealing an option to enter five offshore wind projects with a combined capacity of up to 3.5 GW. All projects have secure

about 4 years ago
INEOS Buys More Offshore Wind Power in Belgium
Business & Finance

INEOS Buys More Offshore Wind Power in Belgium

Chemical company INEOS has signed a long-term corporate power purchase agreement (cPPA) with Eneco to source renewable electricity from SeaMade, Belgium’s largest offshore wind farm. The agreement entails the purchase and supply of over 65.5 MW of wind power over the next decade, with delivery set t

about 4 years ago
A photo of Viking Neptun at sea
Business & Finance

DEME Acquiring Eidesvik’s Installation Vessel

DEME has entered into an agreement with Eidesvik to acquire the DP3 offshore installation vessel Viking Neptun, with the transaction expected to be completed in the last few months of this year as the vessel is currently working under a contract with Havfram. According to information on Eidesvik’s c

about 4 years ago
Iberdrola and CIP Complete US Offshore Wind Rejig
Business & Finance

Iberdrola and CIP Complete US Offshore Wind Rejig

Spanish energy company Iberdrola and Copenhagen Infrastructure Partners (CIP) have restructured their 50/50 offshore wind joint venture partnership in the United States which owns several offshore wind projects with a combined capacity of 5.3 GW. Iberdrola’s Avangrid Renewables has now taken full ow

about 4 years ago
A photo of an offshore wind farm with a crew transfer vessel at the site
Business & Finance

DNV to Certify Wind Turbines in Korea

The Korean Energy Agency (KEA) has selected DNV to deliver Type Certification services for wind turbines selected in Korean wind farm projects. The certification will be granted according to Korean standards and the international certification scheme IEC, DNV said. ”As wind parks will increasingly b

about 4 years ago
Hornsea Two Offshore Construction Begins
Business & Finance

Ørsted to Offer Major Installation Contracts in Coming Weeks

Ørsted plans to launch two tenders covering transport and installation work on the 1 GW Baltica 3 and 1.5 GW Baltica 2 offshore wind projects in Poland in the coming weeks. The first tender will be launched in the second half of January or early February. The tender will cover the transport and inst

about 4 years ago
Northland Power and RWE Reforge Step-In Pact Offshore Germany
Business & Finance

Northland Power and RWE Reforge Step-In Pact Offshore Germany

Northland Power Inc. and RWE Renewables GmbH have agreed to co-develop a cluster of offshore wind projects in the German North Sea with a total gross capacity of 1.3 GW. The partners signed an agreement to establish a joint venture company through which they plan to jointly develop, construct, and o

about 4 years ago
Belgian Offshore Wind Farms Underperform as Lower Wind Speeds Hit
Business & Finance

Belgian Offshore Wind Farms Underperform as Lower Wind Speeds Hit

The 399 wind turbines spread over nine zones in the Belgian North Sea produced approximately 6.77 TWh of electricity in 2021, a 0.6 per cent increase compared to 6.73 TWh of electricity generated in 2020. This corresponds to the annual electricity demand of almost two million households, or eight pe

about 4 years ago
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