Crowley and Watco are partnering to create a single-source terminal and supply chain management solution to support the U.S. offshore wind industry. The parties will collaborate to provide customized terminal design, project management, warehousing, logistics, supply chain management and equipment m
The Scottish Government has awarded the European Marine Energy Centre (EMEC) a contract to explore opportunities for floating offshore wind and hydrogen supply chains in Scotland and France. EMEC will partner with French engineering firm INNOSEA and London-based Renewables Consulting Group (RCG) to
RWE and ASML, the world’s largest supplier of lithography systems for the semiconductor industry, have signed a Power Purchase Agreement (PPA). Under the terms of the 10-year agreement, which is already underway, ASML will be provided with more than 250 gigawatt-hours of green electricity per year f
Last year, 15 new offshore wind farms generated their first electricity and there are now 162 offshore wind farms up and running worldwide. Soon, 26 more that are under construction will join the global fleet. This is according to the Global Offshore Wind Report 2020 from World Forum Offshore Wind (
The UK’s recent Offshore Wind Round 4 seabed leasing represents a risk for raising costs of offshore wind due to the option fee that investors need to pay upfront for the right to develop projects, WindEurope said. In its latest leasing round, the UK introduced a new bidding system that makes invest
Iberdrola has launched a green hybrid bond amounting to EUR 2 billion and will use the raised funds to finance and refinance the Saint-Brieuc and Baltic Eagle offshore wind farms in France and Germany, respectively. The company said that this was the largest green hybrid bond issue in its history an
RenewableUK has welcomed the selection of preferred bidders at the Crown Estate’s Offshore Wind Leasing Round 4, but warned about the effect of the option fees on developers and, ultimately, consumers. The Crown Estate has selected six projects that will now move to the next stage of the process, wh
Europe confirmed a record amount of EUR 26.3 billion of investments in 2020 that will finance 7.1 GW of new offshore wind farms to be built in the coming years, WindEurope said. For comparison, EUR 6.1 billion was invested in four offshore wind projects in 2019. This represents an increase of over 3
Amazon has signed an agreement with Shell Energy Europe to offtake renewable power from the subsidy-free Hollandse Kust Noord offshore wind farm being constructed in the Netherlands. Starting in 2024, Amazon will offtake a total of 380 MW from the wind farm, 250 MW from Shell and 130 MW from Eneco.
South Korea has unveiled a KRW 48.5 trillion (EUR 36 billion) project to develop an 8.2 GW wind complex offshore the Sinan County, South Jeolla Province. South Korea’s President Moon Jae-in oversaw the signing of the agreement to build the offshore wind complex in the country’s southwest. The agreem
Over the next five years, Northland Power could invest between at least CAD 15 billion and CAD 20 billion (between EUR 9.8 billion and EUR 13 billion) in new offshore wind projects in which it holds ownership shares, with offshore wind being an anchor for its next phase of growth in the renewable en
Iberdrola has agreed to take a majority stake in DP Energy’s 3 GW offshore wind pipeline in Ireland, marking the Spanish energy company’s entry into the Irish offshore wind market. The projects are located in three clusters on the east, west, and south coasts of Ireland, of which some will be eligib
Vestas has commissioned its first-ever intertidal wind turbine at Bac Phuong JSC’s wind farm in Vietnam. Last year, Vestas won a contract to supply 13 V150-4.2 MW turbines for the second phase of Bac Phuong JSC’s Dong Hai 1 intertidal wind project. The order follows the company’s first contract with
Denmark has reached a landmark agreement on the construction of an energy hub in the North Sea. The energy hub will be an artificially constructed island 80 kilometers from the shore of the peninsula Jutland. Around 200 wind turbines with a combined capacity of 3 GW are expected to be installed in t
