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Business & Finance

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A photo of the final Kincardine floating wind turbine installed
Business & Finance

World’s Largest Floating Wind Farm Starts Operating, Statkraft Buys Entire Output

The installation of the wind turbines at Kincardine, the world’s largest floating wind farm, has marked the start of the long-term Power Purchase Agreement (PPA) between Statkraft and Kincardine Offshore Windfarm Ltd (KOWL). The 50 MW Kincardine floating wind farm will provide over 200,000 MWh per y

about 5 years ago
Avangrid and CIP Divvy Up 5.3 GW Wind Portfolio Offshore USA
Business & Finance

Avangrid and CIP Divvy Up 5.3 GW Wind Portfolio Offshore USA

Avangrid Renewables and Copenhagen Infrastructure Partners (CIP) are restructuring 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. The 800 MW Vineyard Wind 1 project, America’s first large-scale of

about 5 years ago
Vestas
Business & Finance

Vestas to Close Offshore Wind Factories in Denmark and Spain

Danish wind turbine manufacturer Vestas plans to cease production at its factories in Viveiro, Spain, and Esbjerg, Denmark, as well as the onshore wind factory in Lauchhammer, Germany. Vestas said that the move is part of the company’s integration of its onshore and offshore business started after V

about 5 years ago
An artist impression of floating wind turbines at sea
Business & Finance

Scottish Port to House BW Ideol’s Floating Wind Foundation Production

BW Ideol and Ardersier Port Authority have signed a formal partnership agreement, under which BW Ideol has gained an exclusive and long-term access to Ardersier Port for the manufacturing of concrete floating wind foundations. Both parties have agreed to explore the set-up of a serial production lin

about 5 years ago
An image rendering Siemens Gamesa's new blade manufacturing site in Hull, UK
Business & Finance

Construction Starts on Siemens Gamesa’s Hull Blade Factory Expansion

VolkerFitzpatrick has started with construction works on Siemens Gamesa Renewable Energy’s two blade manufacturing facilities, as well as on repurposing an existing factory, at the wind turbine supplier’s site in Hull. The work, being carried out under an GBP 82 million (around EUR 96 million) desig

about 5 years ago
Ørsted
Business & Finance

Uniper and Ørsted Form Offshore Wind-to-Hydrogen Partnership in Germany

Power producer and gas trader Uniper has formed a strategic partnership with Ørsted to jointly develop combined offshore wind and hydrogen projects on a large scale in Germany. This is to be achieved in particular through a system-serving direct integration of hydrogen production from offshore wind

about 5 years ago
A photo of Michał Kurtyka, Polish Minister of Climate and the environment at the Offshore Wind Sector Deal signing ceremony
Business & Finance

Poland to Boost Offshore Wind Development, Local Content with New Sector Deal

The Polish government and key representatives from the offshore wind energy sector have signed a Sector Agreement for the Development of Offshore Wind Energy in Poland, with an aim to support the development of the offshore wind sector in Poland and to maximise the share of local content in Polish p

about 5 years ago
Vineyard Wind Says Federal Permitting Can Proceed
Business & Finance

America’s First Large-Scale Offshore Wind Farm Reaches Financial Close

Vineyard Wind, a joint venture between Avangrid Renewables and Copenhagen Infrastructure Partners (CIP), has reached financial close on its 800 MW offshore wind farm in Massachusetts — the first large-scale offshore wind farm in the United States and the Americas region. The developer has raised USD

about 5 years ago
Delivery of the first batch of jackets for the Wikinger project
Business & Finance

UK, Spanish Foundation Manufacturers to Jointly Pursue New Offshore Wind Projects

UK’s Harland & Wolff and Spanish companies Navantia and Windar Renovables have signed a Memorandum of Understanding (MoU), which will see the new partners actively working on securing specific fixed-bottom and floating offshore wind projects, primarily within the UK, and executing them together. Har

about 5 years ago
A photo of the Burbo Bank Extension offshore wind farm in the UK
Business & Finance

UK Gauging Offshore Wind Business Opportunities in US

Xodus has completed an analysis of the US offshore wind industry to determine potential opportunities for UK companies to enter the offshore wind market across the pond. According to the study, a rapid expansion in products and services is currently required to deliver projects on time and on budget

about 5 years ago
A photo of a BW Ideol floating wind turbine
Business & Finance

Floating Energy Allyance Says Its ScotWind Project Could Create 3,900 Jobs in Scotland

Floating Energy Allyance (FEA), a consortium comprising BW Ideol, Elicio, and BayWa r.e., has said that its proposals for a floating wind farm, submitted in the ScotWind leasing round, could create 3,900 jobs in Scotland at the peak of manufacturing and construction, if successful in winning the dev

about 5 years ago
A photo of Siemens Gamesa nacelle assembly facility in Taiwan
Business & Finance

Siemens Gamesa Officially Opens Its First Offshore Nacelle Assembly Facility Outside Europe

Siemens Gamesa Renewable Energy has inaugurated its facility for the assembly of offshore wind turbine nacelles in Taiwan, the company’s first such facility outside Europe. The official opening of the facility in Taichung, being held today (14 September), follows the completion of the assembly of th

about 5 years ago
Apollo vessel installing first SeaMade wind turbine
Business & Finance

DEME Bidding in ScotWind Leasing Round

A consortium comprising DEME Concessions, Qair Marine, and Aspiravi International is bidding in Crown Estate Scotland’s ScotWind seabed leasing process, DEME reported on 13 September. Along with offshore wind development, the consortium, called Thistle Wind Partners (TWP), will also actively explore

about 5 years ago
An image rendering new cable laying vessel from High Tien Offshore
Business & Finance

High Tien Offshore to Build Taiwan’s First Large Cable Laying Vessel

High Tien Offshore Engineering (High Tien Offshore) – a company led by a former CSBC president and chairman of CSBC’s joint venture with DEME – is set to invest in a large cable laying vessel (CLV) which will serve the offshore wind market in Taiwan. “Following the investment by CDWE in a large floa

about 5 years ago
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