Iberdrola and Masdar have signed a strategic partnership agreement to evaluate the joint development of offshore wind and green hydrogen projects in Germany, the UK, and the US, which also includes an investment in Iberdrola’s 1.4 GW East Anglia 3 offshore wind project in the UK. After the parties’
RWE has signed an agreement with UAE’s Masdar as a partner for its 3 GW Dogger Bank South (DBS) offshore wind projects in the UK. The partners acknowledged the signing of the new partnership during a ceremony at COP28 in Dubai. Masdar will acquire a 49 per cent stake in the landmark renewables proje
The UK shipbuilder Diverse Marine has introduced the Diverse Marine Client Finance Programme, its own finance and lease programme, through which it secured financing for an initial, but rolling, eight crew transfer vessels (CTVs). Funding for offshore wind CTVs has been challenging, said the company
Octopus Energy’s generation arm has taken a 12.5 per cent stake in the 660 MW Walney Extension offshore wind farm located in England. Octopus Energy bought the stake in Walney Extension from AIP Management, the investment manager for Danish pension fund PKA and PFA. The wind farm features 87 wind tu
UK Export Finance (UKEF) and South Korea’s export credit agency Korea Trade Insurance Corporation (K-Sure) have helped SeAH Wind to secure GBP 367 million in Standard Chartered Bank and HSBC UK financing to build the world’s largest wind monopile manufacturing facility. UKEF and K-Sure have secured
South Korea’s Ministry of Trade, Industry and Energy has revealed that two energy companies, Corio Generation and BP, have submitted investment plans for offshore wind projects in South Korea totalling 1.5 trillion won (about EUR 1.06 billion). The announcement was made on 22 November during South K
A new report from the North Seas Energy Cooperation (NSEC) calls for “immediate action” on developing new port infrastructure and upgrading existing port facilities as the study behind the report found the joint offshore wind target of the nine NSEC countries for 2030 is unlikely to be met otherwise
UK Export Finance (UKEF), the UK Government’s export credit agency, has guaranteed GBP 380 million (approximately EUR 436 million) in financing for the 1 GW Hai Long offshore wind project in Taiwan. The contribution is said to support a project finance package of over GBP 3 billion issued by more th
The Port of Milford Haven has submitted a multi-million-pound funding application to the UK Government’s Floating Offshore Wind Manufacturing Investment Scheme (FLOWMIS) initiative to expand Pembroke Port. The project aims to create a cutting-edge port base that will play a pivotal role in nurturing
Ingka Investments, the investment arm of Ingka Group, which owns retailer IKEA, has invested in Source Galileo’s portfolio of offshore wind projects in Ireland and the UK. Ingka Investments has secured a 20 per cent stake in the offshore wind project portfolio of Source Galileo. The London and Dubli
UK-based Inspirit Capital has acquired crew transfer vessel (CTV) owner CWind from Global Marine Group. CWind completes approximately 60,000 crew transfers annually, utilising its fleet of CTVs, including the world’s first hybrid surface effect ship, CWind Pioneer. The company provided services at w
London-based international investor and manager, John Laing Group, has acquired a stake in the transmission assets for the 1.3 GW Hornsea Two offshore wind farm in the UK, as part of a portfolio acquisition from HICL Infrastructure. John Laing Group has agreed to acquire HICL Infrastructure’s entire
The UK government has awarded 3.7 GW of renewable energy projects with Contracts for Difference (CfDs) in its fifth allocation round. Among the 95 new projects that secured CfDs are onshore wind, solar and tidal energy developments – and not a single megawatt of offshore wind. According to the gover
Sarens PSG and Aventus Energy have entered into an agreement under which the two companies will provide integrated port marshalling services to the offshore wind sector through a joint venture. The two companies are already working together on the Moray West offshore wind project, for which Sarens P
