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Business & Finance

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Siemens Gamesa
Business & Finance

Siemens Gamesa Bolsters Ties in Poland Ahead of Offshore Wind Boom

Wind turbine manufacturer Siemens Gamesa and Poland’s Grupa Przemysłowa Baltic have signed a Letter of Intent to work together to further the Polish offshore wind power industry. The recently enacted Offshore Wind Act calls for the development of 5.9 GW of offshore wind capacity in the Polish Baltic

about 5 years ago
An offshore wind farm
Business & Finance

TotalEnergies to Bid in Scotland’s Offshore Wind Auction

TotalEnergies has teamed up with the consortium between Green Investment Group (GIG) and Renewable Infrastructure Development Group (RIDG) to bid in the ScotWind offshore wind leasing round. GIG and TotalEnergies have been partners in the offshore wind sector for a while now. In February, they secur

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

Arcadis Ost 1 Offshore Wind Farm Enters Construction Phase

Parkwind has reached financial close on the Arcadis Ost 1 offshore wind farm, its first project in Germany, which now officially enters construction phase. Belgian offshore wind developer said the project raised about EUR 570 million of debt from a group of nine lenders. The lenders are KBC Bank, Be

about 5 years ago
WindEurope Calls For Wind Turbine Landfilling Ban
Business & Finance

WindEurope Calls For Wind Turbine Blade Landfilling Ban

WindEurope has called for a Europe-wide landfill ban on decommissioned wind turbine blades by 2025. Europe’s wind industry actively commits to re-use, recycle, or recover 100 per cent of decommissioned blades, WindEurope said. This comes after several industry-leading companies announced plans for b

about 5 years ago
Registration Open for Offshore Energy 2021
Business & Finance

Registration Open for Offshore Energy 2021

The registration for Offshore Energy Exhibition & Conference 2021 is now live! The event, to be held on 26th & 27th October in Amsterdam RAI, the Netherlands, will attract thousands of offshore professionals and hundreds of exhibiting companies. Go to registration.offshore-energy.biz to register. Of

about 5 years ago
UKEF and ORE Catapult Stand Behind UK Offshore Wind Companies
Business & Finance

UKEF and ORE Catapult Stand Behind UK Offshore Wind Companies

UK Export Finance (UKEF) has launched a new partnership with Offshore Renewable Energy (ORE) Catapult to promote the expertise of UK offshore wind companies abroad. The UK is the world’s biggest offshore wind market with 10.4 GW of total installed capacity, and the UK government is helping UK compan

about 5 years ago
An aerial photo of the Avedøre Power Station
Business & Finance

Ørsted Adds Carbon Capture to Its Offshore Wind-Powered Project in Denmark

Ørsted could build its first carbon capture facility at the Avedøre Power Station in Copenhagen as part of the Green Fuels for Denmark development, for which the developer recently entered into an agreement to offtake power from the new 250 MW Aflandshage offshore wind farm. The company, which owns

about 5 years ago
A wind turbine technician climbing up an offshore wind turbine
Business & Finance

Oil Giant BP Announces Offshore Wind Bid in Norway

British oil and gas major BP is joining the recently established consortium between Statkraft and Aker Offshore Wind, which is preparing a bid to build an offshore wind farm in Norway. The consortium will propose to develop an offshore wind project in the Sørlige Nordsjø II (SN2) area, with a plan t

about 5 years ago
A photo of Dublin Offshore's Load Reduction Device (LRD) for Floating Offshore Wind (FOW) moorings.
Business & Finance

Eight Scotland-Funded Projects Present Novel Solutions for Floating Wind

Eight floating wind technology innovation projects that were winners in a Scottish Government-funded competition have announced the results of their 12-month developments. Each project received a share of the GBP 1 million fund along with industry guidance to undertake a range of activities, from de

about 5 years ago
Polish TSO to Invest EUR 1 Billion to Prepare Grid for Offshore Wind Power
Business & Finance

Polish TSO to Invest EUR 1 Billion to Prepare Grid for Offshore Wind Power

Poland’s transmission system operator Polskie Sieci Elektroenergetyczne (​PSE) plans to invest around PLN 4.5 billion (around EUR 1 billion) by 2030 to prepare the grid for the electricity generated at future offshore wind farms in the Baltic Sea. The investment will go toward substations and transm

about 5 years ago
Decommissioning of Vindeby, the world's first offshore wind farm
Business & Finance

Decommissioning the Last Option for Offshore Wind Farms – Analysis

Fully decommissioning an offshore wind farm is the least cost-effective strategy for owners of projects reaching the end of their lifespan, the latest analysis from ORE Catapult’s new joint industry programme shows. On the other hand, partial repowering of offshore wind farms, which involves install

about 5 years ago
Offshore Wind Could Supply 12 Per Cent of Vietnam's Power by 2035
Business & Finance

Offshore Wind Could Supply 12 Per Cent of Vietnam’s Power by 2035 – World Bank Group

Offshore wind has the potential to supply 12 per cent of Vietnam’s electricity by 2035, according to the Offshore Wind Roadmap for Vietnam launched by the World Bank Group. The roadmap provides strategic analysis of the offshore wind development potential in Vietnam It was prepared, under contract t

about 5 years ago
Ørsted Joins Fred. Olsen Renewables and Hafslund Eco Offshore Norway
Business & Finance

Ørsted Joins Fred. Olsen Renewables and Hafslund Eco Offshore Norway

Ørsted has established a long-term partnership with Fred. Olsen Renewables and Hafslund Eco to develop offshore wind in Norway and to compete in Norway’s upcoming application round for offshore wind areas. The three parties see the cooperation as the perfect fit for realising large-scale offshore wi

about 5 years ago
CLV-Leonardo-da-Vinci-sets-sail
Business & Finance

CLV Leonardo da Vinci Sets Sail

Prysmian’s new cable laying vessel (CLV) Leonardo da Vinci has completed its first trip to open sea and is ready to begin sea trials. After completing the last outfitting phases, Leonardo da Vinci will undergo sea trials for approximately two weeks and will run three turns of tests. After draught re

about 5 years ago
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