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Business & Finance

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Contracts & TendersTechnologyWind Farm Update
Hohe See
Business & Finance

BP and EnBW Set Sights on Scottish Offshore Wind

UK oil major BP and the German energy company EnBW will be taking part in the upcoming ScotWind seabed leasing round in Scotland. The companies have now launched a bespoke online portal for the Scottish engineering and supply sector, as they aim to expand their partnership’s offshore wind portfolio

about 5 years ago
The prototype Haliade-X wind turbine installed in the Port of Rotterdam
Business & Finance

GE and Toshiba Bringing Haliade-X Offshore Wind Turbine to Japan

GE Renewable Energy and Toshiba Energy Systems and Solutions Corporation have signed a strategic partnership agreement to localize critical phases of the manufacturing process of GE’s Haliade-X offshore wind turbine in Japan and to support its commercialization in the country. The two companies said

about 5 years ago
Offshore wind turbines in the sunset.
Business & Finance

Mitsubishi Research Institute and BVG Associates Form Offshore Wind Tie-Up

Mitsubishi Research Institute (MRI) and BVG Associates (BVGA) have signed a memorandum of understanding (MoU) to strengthen cooperation in high value-added consulting services in offshore wind, serving the offshore wind market in Japan and Japanese clients, globally. The Japanese government has an o

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

Wpd Enters Greek Wind Energy Market, Eyes Offshore Opportunities

Wpd announced on 5 May that it set up two companies in Greece to develop wind and solar energy projects in the country, and is looking for opportunities to also expand its offshore wind portfolio. Through its companies – wpd solar Hellas and wpd Hellas onshore – wpd is taking up project development

about 5 years ago
Weaker Winds Affect EnBW's Numbers
Business & Finance

Weaker Winds Affect EnBW’s Numbers

German energy company EnBW Energie Baden-Württemberg AG reported a drop in first-quarter earnings in 2021 compared to the previous year, attributed partly to poorer wind conditions than in Q1 2020. EnBW generated revenue of some EUR 6.83 billion (previous year EUR 5.58 billion), and an operating res

about 5 years ago
A photo of Equinor's Hywind Scotland floating wind farm
Business & Finance

Spanish-Japanese Company Plans 500 MW Floating Wind Project in Scotland

A Spanish-Japanese company has unveiled plans for a 500 MW floating wind farm in the North East of Scotland and is now looking for a financial partner to develop and build the project. The company, with head offices in Madrid and Tokyo, announced on 5 May that it had begun the process of searching f

about 5 years ago
Baltica 2 and Baltica 3
Business & Finance

Ørsted and PGE Complete 2.5 GW Polish Offshore Wind Deal

PGE and Ørsted have closed the joint venture agreement for two Polish offshore wind projects with a combined capacity of up to 2.5 GW. With the closing of the agreement, first announced in February, PGE and Ørsted now each own 50 per cent of the shares in the offshore wind projects Baltica 2 and Bal

about 5 years ago
An image of a Siemens Gamesa offshore wind turbine
Business & Finance

Six UK Offshore Wind Projects Pass First CfD Milestone

Six offshore wind projects under development in the UK, with a total installed capacity 5.5 GW, have passed their Milestone Requirement (MR), Low Carbon Contracts Company (LCCC) reported. The MR is the first significant milestone for projects awarded Contracts for Difference (CfDs), as it requires d

about 5 years ago
Equinor's Hywind Scotland floating wind farm
Business & Finance

Equinor and Eni-HitecVision JV Join Forces for Norwegian Offshore Wind Tender

Equinor and Vårgrønn, a joint venture (JV) between Eni and HitecVision, have signed a collaboration agreement to jointly apply for offshore wind acreage in Norway at one of the two areas the country opened last year. The partners said they would jointly prepare and submit an application to the Norwe

about 5 years ago
No Offshore Orders for Vestas in 2021, But Ambitious Plans Remain
Business & Finance

No Offshore Orders for Vestas in 2021, But Ambitious Plans Remain

Danish wind turbine manufacturer Vestas has recorded zero orders in its offshore wind segment in 2021. Vestas is in the process of integrating the offshore wind business following the acquisition of MHI Vestas Offshore Wind, a 50-50 joint venture with Mitsubishi Heavy Industries, back in December 20

about 5 years ago
An offshore wind farm
Business & Finance

TÜV SÜD Wins Contract for Southwest Offshore Wind Project in South Korea

TÜV SÜD has won a contract for wind condition analysis and annual energy production (AEP) assessment services for the next phase of the Southwest Offshore Wind Project in South Korea. The project, developed by the state-owned Korea Offshore Wind Power and also known as Seonam Offshore Wind Farm, is

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

Siemens Gamesa Highlights Incoming Green Hydrogen Opportunities for Wind Industry

Siemens Gamesa has highlighted strong opportunities for the wind industry in green hydrogen production, which is reinforcing the growing global wind energy capacity expected to be installed over the next decade. The growth in global wind energy capacity, including a sharp increase in offshore wind i

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

Equinor, Ørsted, Boskalis Join AquaVentus Offshore Wind-to-Hydrogen Project

Ten new companies have joined the AquaVentus offshore wind-to-hydrogen project, including offshore wind developers Ørsted, Equinor, and WindMW, as well as the offshore construction company Royal Boskalis Westminster. The AquaVentus consortium, which is developing a massive project revolving around g

about 5 years ago
Acta Marine Seeks Co-Owner to Back Fleet Expansion
Business & Finance

Acta Marine Seeks Co-Owner to Back Fleet Expansion

Acta Marine and shareholder MerweOord are seeking a strategic co-owner to support the further expansion of the company’s offshore wind business. The strategic plan focuses on ordering two more construction service operation vessels (CSOVs) in the short term, as well as service operation vessels and

about 5 years ago
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