The recently announced seven offshore wind lease auctions in the United States by 2025 could generate up to USD 4.5 billion in new federal revenue, create up to 128,000 jobs during construction of the projects, and spark USD 120 billion in clean energy investments, a report released by the American
UK energy market regulator Ofgem is inviting bids to bring forward investment in new electricity interconnectors under its ‘cap and floor’ revenue regime.
Van Oord has laid the keel for its new 130-metre hybrid cable-laying vessel, Calypso. The Dutch company held a ceremony at the Vard Tulcea shipyard in Romania to mark the milestone. Van Oord placed an order with VARD for Calypso in December last year as part of the company’s strategy to strengthen i
The New York State Energy Research and Development Authority (NYSERDA) has made available nearly USD 1.3 million to support redevelopment data collection in the New York Bight Wind Energy Areas (WEAs) to facilitate responsible offshore wind development.
Seaway 7 has confirmed the award of a contract by China Steel Power Corporation for the transport and installation of the submarine cable system for the Zhong Neng offshore wind project in Taiwan.
The 298 MW Zhong Neng offshore wind project in Taiwan, a joint venture between Copenhagen Infrastructure Partners (CIP) and China Steel Corporation (CSC), has reached financial close. The financial close for the wind farm follows the recent signing of a project financing agreement with 20 banks. Zho
Shizen Energy and Swancor Renewable Energy have entered into an agreement to jointly develop offshore wind farms in Japan’s Kyushu region. According to Swancor, the developer of Taiwan’s first offshore wind farm, Formosa 1, Japan’s waters are similar to Taiwan’s in terms of geological and weather co
INPEX Corporation has agreed to enter a stock transfer agreement with Diamond Generating Europe B.V. (DGE-NL), a Dutch-registered, wholly-owned second generation subsidiary of Mitsubishi Corporation, and acquire a 50 per cent stake in the Luchterduinen offshore wind farm and a 15 per cent stake in t
France-based green hydrogen technology developer Lhyfe and engineering company DORIS have signed a Memorandum of Understanding (MoU) on working together on offshore hydrogen production projects, with a plan to launch the first floating wind turbine for integration with a hydrogen production system.
Danish wind turbine manufacturer Vestas has confirmed that the data stolen in the recent cyber security incident has been leaked by the attackers and potentially offered to third parties. Vestas also said that it has reasons to believe that the leaked data mostly relate to Vestas’ internal matters.
The New Jersey Economic Development Authority (NJEDA) has opened an application period for the Offshore Wind Tax Credit Program which, with an overall budget of up to USD 350 million, provides tax credits to businesses working in the offshore wind industry that will be employing at least 150 new, fu
Allianz Capital Partners, on behalf of Allianz Insurance Companies, has signed an agreement to purchase a 25.2 per cent stake in the 1.5 GW Hollandse Kust Zuid wind farm offshore the Netherlands from the chemicals producer BASF. This is the first offshore wind and first equity renewables investment
RWE and Asia Cement Corporation (ACC), which are jointly developing the 448 MW Chu Feng offshore wind project, are set to expand their strategic partnership to include further projects off the west coast of Taiwan. The partners will be investigating several new projects in the waters offshore Hsinch
Japan’s Mitsui O.S.K. Lines, Ltd. (MOL), one of the largest ocean shipping companies in the world, and Scotland’s Flotation Energy plc. have agreed to jointly evaluate offshore wind development opportunities in Japan. The agreement builds on the 2 GW portfolio of offshore floating wind projects in J
