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Business & Finance

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BASF and RWE Plan to Build 2 GW, Subsidy-Free Wind Farm Offshore Germany
Business & Finance

BASF and RWE Plan to Build 2 GW, Subsidy-Free Wind Farm Offshore Germany

Chemicals giant BASF and RWE have presented a project to build a 2 GW offshore wind farm that would power BASF’s chemical site in Ludwigshafen, Germany, and enable CO2-free production of hydrogen. No public subsidies would be needed for the construction of the wind farm, which is already in the plan

about 5 years ago
Artist impression of EolMed floating wind turbine at sea
Business & Finance

BW Ideol Signs EUR 4 Million Worth of Contracts for EolMed Project

BW Ideol has signed an engineering contract and licence agreement for the EolMed project in France, with the contracts valued at more than EUR 4 million in total. The EolMed project was fully consented in February 2021, BW Ideol writes. The floating wind farm, to be installed in water depths of arou

about 5 years ago
A photo of Orsted's headquarters with company logo and flags
Business & Finance

Ørsted Bases Its North American Digital Operations in Newark

Ørsted will open its North American Digital Operations Headquarters in Newark, New Jersey, the company announced on 20 May. The new office will support Ørsted’s operations throughout North America for both offshore and onshore wind assets, and will initially see over 20 Ørsted staff, including 12-14

about 5 years ago
First wind turbine standing at the Triton Knoll project site
Business & Finance

EU Approves Polish EUR 22.5 Billion Offshore Wind CfD Scheme

The European Commission has approved Polish offshore wind Contracts for Difference (CfD) scheme, through which the country plans to support the realisation of offshore wind projects with EUR 22.5 billion and reach its renewable energy targets without unduly distorting competition. The CfD scheme, wh

about 5 years ago
A photo showing Siemens Gamesa 4.5 MW wind turbine rotor, with close-up of the nacelle
Business & Finance

Siemens Gamesa Shares Back in the Game

Spain’s National Securities Market Commission (La Comisión Nacional del Mercado de Valores; CNMV) lifted the suspension of trading in Siemens Gamesa’s shares at 14:30 on 18 May, following a precautionary suspension imposed that same day. The trading of shares was halted in the morning of 18 May, aft

about 5 years ago
RWE
Business & Finance

RWE and National Grid to Jointly Bid in New York Bight Offshore Wind Auction

RWE Renewables and the utility National Grid have signed a partnership agreement to jointly develop offshore wind projects in the coastal region of the Northeast US. Under this agreement, RWE and National Grid Ventures, the non-regulated division of National Grid, will be working together to explore

about 5 years ago
Park City Wind
Business & Finance

Park City Wind Homeports in Connecticut

Vineyard Wind has signed a lease at Barnum Landing in Bridgeport, Connecticut, to use the property as a construction and staging location for the 804 MW Park City Wind project. Vineyard Wind has also selected a location in downtown Bridgeport to serve as the Connecticut headquarters for the company’

about 5 years ago
The Burbo Bank offshore wind farm in the UK
Business & Finance

GBP 4.2 Million Available for UK Offshore Wind Supply Chain

The UK’s Offshore Wind Growth Partnership (OWGP) has launched a funding call with a total of GBP 4.2 million (around EUR 4.8 million) available for UK offshore wind supply chain companies in grant funding and tailored business support. In its largest funding to date, OWGP is releasing GBP 3.5 millio

about 5 years ago
A photo of the Port of Gdynia in Poland
Business & Finance

Poland to Invest Billions of Euros in Offshore Wind, Green Hydrogen, and Port Development

The Polish government has allocated more than EUR 4 billion for offshore wind, port development, and hydrogen production and distribution in its National Reconstruction Plan (KPO). The KPO has been adopted by the Council of Ministers and submitted to the European Commission through which Poland will

about 5 years ago
An offshore wind farm in sunset
Business & Finance

Ørsted and Partners to Participate in Japan’s First Offshore Wind Auction

Ørsted, Japan Wind Development Co. (JWD), and Eurus Energy have formed a partnership with the aim of jointly developing offshore wind projects in the Akita Prefecture, Japan. The three companies have been developing two designated offshore wind sites under Japan’s Offshore Renewable Energy Act of 20

about 5 years ago
A Siemens Gamesa offshore wind turbine
Business & Finance

Siemens Energy Denies Planning Siemens Gamesa Takeover

Siemens Energy today notified Spain’s National Securities Market Commission (CNMV) that it had not planned a takeover of Siemens Gamesa, whose share trading was suspended today. The trading of shares was halted after the local newspaper Expansion reported that Siemens AG, through Siemens Energy, had

about 5 years ago
Saipem worker
Business & Finance

Saipem In Talks to Buy Floating Offshore Wind Specialist

Italian offshore energy specialist Saipem has entered into exclusive negotiations with a European company to acquire its subsidiary specialising in floating wind technology. This is an excerpt from a Premium article published on our sister site offshore-energy.biz. If you are interested in finding o

about 5 years ago
An image of GE's Haliade-X prototype with the sea in the background
Business & Finance

GE Seals Dogger Bank C Deal

Dogger Bank Wind Farm and GE Renewable Energy have finalised contracts for the supply of 87 Haliade-X 14 MW turbines and a five-year service and warranty agreement for Dogger Bank C, the third and final phase of what will become the world’s largest offshore wind farm. GE Renewable Energy secured a p

about 5 years ago
A Siemens Gamesa offshore wind turbine
Business & Finance

Spanish Regulator Suspends Trading of Siemens Gamesa Shares

Spain’s National Securities Market Commission (La Comisión Nacional del Mercado de Valores; CNMV) suspended the trading of Siemens Gamesa’s shares on 18 May. The Spanish stock market regulator cites “the occurrence of circumstances that may disturb the normal development of operations” on the shares

about 5 years ago
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