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Business & Finance

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A photo of a Vestas offshore wind turbine
Business & Finance

Arcadis Ost 1 Order Lands on Vestas’s Desk

Following the financial close on the Arcadis Ost 1 offshore wind farm, Vestas has secured a firm order for Parkwind’s first project in Germany, which will also be the first to use a new floating installation method to erect the wind turbines. Under the contract with Parkwind, Vestas will deliver 27

about 5 years ago
SG 11.0-200 DD
Business & Finance

Chemicals Giant Buys Into 1.5 GW Hollandse Kust Zuid

Vattenfall and BASF have agreed the sale of 49.5 per cent of Vattenfall’s Hollandse Kust Zuid (HKZ) offshore wind farm in the Netherlands. Once fully commissioned in 2023, HKZ will be the largest offshore wind farm in the world and also the first one ever to be built without subsidies for the power

about 5 years ago
Navantia, Windar Produce 100th Jacket Foundation
Business & Finance

Navantia, Windar Produce 100th Jacket Foundation

The Navantia-Windar consortium has completed construction of its 100th jacket foundation at Navantia’s yard in Fene. The 100th jacket for Navantia-Windar is the third of the total of 62 being produced for the French Saint-Brieuc offshore wind farm under a contract the consortium has with Iberdrola.

about 5 years ago
Hornsea One offshore wind farm
Business & Finance

Offshore Wind Saves Crown Estate’s Day as Pandemic-Hit Revenues Plummet

The Crown Estate has announced a net revenue profit of GBP 269.3 million (around EUR 315 million) for the financial year 2020/21, a 21.9 per cent decrease compared to the previous year, significantly impacted by three national lockdowns and various restrictions as a result of the pandemic. However,

about 5 years ago
Magnora Fast Tracks 500 MW Swedish Offshore Wind Project
Business & Finance

Licensing Process Initiated for Swedish 500 MW OWF

Kustvind AB has initiated the licensing process for a 500 MW offshore wind farm proposed to be built in southern Sweden. The Kustvind wind farm, also known as Sydkustens Vind, is located approximately eight kilometres offshore the southern coast of Sweden. The project is expected to have a productio

about 5 years ago
Danes Select Sweco as Energy Island Technical Adviser
Business & Finance

Danes Select Sweco as Energy Island Technical Adviser

The Danish Energy Agency has awarded Sweco Danmak with a contract for technical advice and assistance in relation to the establishment of an energy island. The work will support the Danish Energy Agency in building optimal knowledge about the project, whose development started with the political dec

about 5 years ago
An image rendering the PivotBuoy turbine at sea
Business & Finance

EUR 2.5 Million to Put PivotBuoy Floater Development on Fast Track

X1 Wind has won a EUR 2.5 million grant through the European Innovation Council (EIC) Accelerator programme, which the company will use to speed up the detailed design and certification process of its first commercial large-scale floating wind platform. “The cash injection will be specifically used

about 5 years ago
A photo of Navantia's robotic welding cell
Business & Finance

Navantia’s First Robotically Welded Node Made for Saint-Brieuc OWF

Navantia has manufactured the first node using robotic welding for the Saint-Brieuc offshore wind project. This is the first time automated welding of offshore nodes was carried out in commercial phase, according to the Spanish offshore wind foundation manufacturer. The robotised node welding cell,

about 5 years ago
An offshore wind farm
Business & Finance

German Airport Operator in Talks Over Offshore Wind PPA

A German airport operator has closed a tender call looking to procure electricity produced by offshore wind turbines in the country. While the latest tender notice shows that the procedure ended without an awarded contract, a recent update from the company said that the award procedure was in progre

about 5 years ago
An image showing AquaVentus offshore wind turbines with electroloysers on foundation platforms
Business & Finance

McDermott, Van Oord Join AquaVentus Offshore Wind-to-Hydrogen Project

The AquaVentus offshore wind-to-hydrogen project has informed that another ten members have joined the German initiative since the beginning of May, this time also including companies outside Europe. Japanese utility J-Power (Electric Power Development) and the Japanese-Swiss joint venture Hitachi A

about 5 years ago
An image showing a heat map of network charges across Great Britain
Business & Finance

Network Charge Rules Jeopardise Scotland’s Offshore Wind Ambitions – Scottish Renewables

Existing Transmission Network Use of System (TNUoS) charges in Great Britain could “deal a blow” to Scotland’s ambitions to increase the installed offshore wind capacity tenfold by 2030, according to Scottish Renewables CEO Claire Mack. Northern Great Britain is being “penalised to the tune of tens

about 5 years ago
Industry Launches Subsea Design Software for Floating Wind
Business & Finance

Industry Launches Subsea Design Software for Floating Wind

A group of companies from the offshore renewable industry has developed a pre-engineering design software solution for the subsea architecture of floating wind farms. The partnership includes floating wind power developer EOLFI, renewables engineering consultancy Innosea, electrical engineering and

about 5 years ago
Iberdrola headquarters in Bilbao, Spain, photo showing upper part of the building with company logo
Business & Finance

Iberdrola Entering South Korean Offshore Wind Market

Spanish renewable energy giant Iberdrola has signed a Memorandum of Understanding (MOU) with energy company GS Energy to cooperate on renewable energy projects in South Korea and other Asian regions. According to Iberdrola, the alliance will enhance the capacity of the two companies to seek out and

about 5 years ago
Shell to Bid for Two Offshore Wind Areas in Norway
Business & Finance

Shell to Bid for Two Offshore Wind Areas in Norway

Dutch oil major Shell has partnered with Norwegian hydropower producers BKK and Lyse to apply for licences in two areas currently offered by Norwegian government for offshore wind development. The consortium is now working to prepare applications for projects in the Utsira Nord area, deemed better s

about 5 years ago
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