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Business & Finance

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A photo of Rampion offshore substation
Business & Finance

Rampion OWF Transmission Assets Sold to TCP

The transmission assets of the Rampion offshore wind farm in the UK have been sold to Transmission Capital Partners (TCP), a consortium comprising International Public Partnerships Limited, Amber Infrastructure Group, and Transmission Investment. The assets now owned by TCP comprise Rampion’s offsho

about 5 years ago
Polish Energy Companies to Jointly Build Offshore Wind Farms
Business & Finance

Polish Energy Companies to Jointly Build Offshore Wind Farms

PGE Polska Grupa Energetyczna has signed conditional agreements with Tauron Polska Energia and Enea for the sale of shares in four project companies whose task will be to obtain location permits for the construction of offshore farms in the Polish Exclusive Economic Zone in the Baltic Sea. ”Offshore

about 5 years ago
Shell Returns for More Floating Wind Offshore Ireland, 18 MW Turbines In Play
Business & Finance

Shell Returns for More Floating Wind Offshore Ireland, 18 MW Turbines In Play

Shell has signed an agreement with the Irish blue economy developer Simply Blue Group to acquire a 51 per cent share of their Western Star venture which seeks to develop a floating wind farm off the Clare coast in Ireland. This follows a similar agreement between Shell and Simply Blue Group earlier

about 5 years ago
Geoquip Marine Responds to Jones Act Breach Allegations
Business & Finance

Geoquip Marine Responds to Jones Act Breach Allegations

Offshore geotechnical engineering and drilling company Geoquip Marine has issued its response to allegations made by the American Offshore Marine Service Association (OMSA) that the company’s integrated geotechnical survey vessel (IGSV) Geoquip Saentis is working in contravention of the Jones Act.

about 5 years ago
AquaVentus Unveils 10 GW Offshore Wind to Hydrogen Project
Business & Finance

Neptune Energy Clarifies AquaVentus Involvement

Following news on 16 November that Neptune Energy Saipem, Ramboll, and Heerema Marine Contractors had joined the AquaVentus project, reported by OffshoreWIND.biz, Neptune Energy clarified that the new members are joining the membership network of the AquaVentus initiative and not the project itself.

about 5 years ago
An image rendering Equinor's Wind Semi floating wind foundation
Business & Finance

Equinor, EWP Raise Floating Wind Stakes in South Korea to 3 GW

Equinor and its partner Korea East-West Power (EWP) have signed a Memorandum of Understanding (MoU) to cooperate on 3 GW of offshore wind projects in South Korea. Equinor said it would use its new floating wind technology, Wind Semi, for its projects in South Korea as it had been developed specifica

about 5 years ago
A photo of an offshore wind farm taken from a turbine rotor level
Business & Finance

Lithuania Risks Pricier Offshore Wind with Recent Auction Changes – WindEurope

WindEurope has urged Lithuanian lawmakers to remove the recently introduced changes to the offshore wind auction design and opt for double-side Contracts for Difference (CfD) auctions based solely on a strike price. Lithuania is currently preparing its regulatory framework for the development of off

about 5 years ago
Offshore Wind Cable Market to Grow Six-Fold This Decade – RenewableUK
Business & Finance

Offshore Wind Cable Market to Grow Six-Fold This Decade – RenewableUK

The market for offshore wind farm cables is set to grow six-fold over the course of this decade, according to a new report published by RenewableUK. The global market for subsea power cables is divided between array cables which run between the turbines of an offshore wind farm connecting them to th

about 5 years ago
US Infrastructure Deal to Spur Creation of National Offshore Wind Industry
Business & Finance

US Infrastructure Deal to Spur Creation of National Offshore Wind Industry

The US Infrastructure Investment and Jobs Act, signed into law by President Joe Biden on 15 November, will help expedite some of the foundational infrastructure upgrades to ports and electrical grid needed to spur the creation of a US offshore wind industry, said David Hardy, CEO of Ørsted Offshore

about 5 years ago
A photo of an offshore wind farm built by RWE
Business & Finance

RWE to Triple Its Offshore Wind Capacity by 2030

RWE will invest EUR 50 billion gross in offshore wind and other renewables, hydrogen, flexible generation and batteries until 2030, by which time the company plans to double its portfolio to 50 GW from the previously planned 25 GW. In offshore wind, the company intends to triple its capacity from 2.

about 5 years ago
Hexicon Completes WaveHub Buy
Business & Finance

Worley Joins Hexicon’s Two-Turbine Floater Demonstrator Project

Hexicon has partnered with Worley for the Front-End Engineering Design (FEED), Engineering Procurement Fabrication (EPF), and installation management of the TwinWay project in Norway, a pilot to commercialise Hexicon’s floating offshore wind technology. Through the partnership, Worley will take over

about 5 years ago
Boskalis Wins EUR 450 Million Offshore Wind Contract
Business & Finance

Boskalis Wins EUR 450 Million Offshore Wind Contract

Boskalis has been awarded an approximately EUR 450 million contract for transportation and installation of monopile foundations and substations for an offshore wind project. The company informed about the new contract on 15 November without disclosing any specific details about its client or the off

about 5 years ago
1.4 GW Vietnamese Offshore Wind Project Nears Financial Close
Business & Finance

1.4 GW Vietnamese Offshore Wind Project Nears Financial Close

Mainstream Renewable Power has received a Decision on Investment and an Investment Registration Certification (IRC) from the provincial government of Soc Trang for the first 200 MW of the Phu Cuong Soc Trang offshore wind project in Vietnam. The wind farm, once fully complete, will have a capacity o

about 5 years ago
Shell and RWE Pinpoint North-East of England for Gigawatt-Scale Offshore Wind-to-Hydrogen Projects
Business & Finance

Shell and RWE Pinpoint North-East of England for Gigawatt-Scale Offshore Wind-to-Hydrogen Projects

Shell New Energies and RWE Generation will explore the possibilities of establishing integrated projects for the production of green hydrogen using offshore wind power on a gigawatt scale in the industrial regions in the north-east of England such as Teesside and/or Humberside. The plan is one of th

about 5 years ago
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