Offshore wind developer Parkwind has secured a loan from the European Investment Bank (EIB) for the construction of the 257 MW Arcadis Ost 1 wind farm. The amount approved is EUR 450 million. Located some 19 kilometres off the island of Rugen in the German Baltic Sea, Arcadis Ost 1 will comprise 27
Innovation Norway has granted financial support to the Deep Purple project, which is developing a green hydrogen production system powered by offshore wind, with the hydrogen being stored on the seabed. A consortium led by TechnipFMC is working on a pilot project that will see a green hydrogen offsh
The Florida-headquartered Crowley Shipping has formed a new division focusing on the offshore wind sector in the United States. Crowley Shipping expects its expansion in the offshore wind industry to be as a total lifecycle service provider, with tailored solutions in support of the entire project.
Dutch offshore services provider Boskalis has acquired all the shares of Rever Offshore’s subsea services business. Rever, formally known as Bibby Offshore, provides solutions in the area of subsea construction, inspection, repair and maintenance. Through the transaction, Boskalis will obtain two di
As we said our goodbyes to 2020, a lot of us will look back on a challenging year, but also a year which drew resilience, agility and the power of powering through into the spotlight. The same goes for the offshore wind industry, which met its fair share of challenges, but continued delivering in th
The offshore wind sector was busy throughout the last year and we saw more than a few big news. In this article, our editorial team brings a list of those that were most read on OffshoreWIND.biz in 2020. Orion’s Heavy Lift Crane Collapses – Video A heavy-lift crane installed on the offshore installa
Polish state-owned utility TAURON has signed an agreement with the joint venture of EDP Renováveis and Engie to cooperate on offshore wind projects in the Baltic Sea. Under the bilateral agreement, the plan is that TAURON acquires a 50% share in the joint venture, whose portfolio includes wind farm
The Kitty Hawk offshore wind farm can be expected to deliver substantial economic growth and employment to Virginia and North Carolina, according to the project’s economic impact study (EIS), with nearly 1,000 jobs to be created once the wind farm is operational. Along with the USD 2 billion in econ
Transmission system operators (TSOs) of the Baltic Sea region have agreed to strengthen their cooperation for the future of offshore grid in the Baltic Sea. The aim of the Baltic Offshore Grid Initiative is to develop common planning principles for the offshore energy network, enable the considerati
A consortium comprising Caisse de dépôt et placement du Québec (CDPQ) and Taiwanese private equity fund Cathay PE is acquiring a 50 per cent ownership share in Ørsted’s 605 MW Greater Changhua 1 offshore wind farm in Taiwan for approximately TWD 75 billion (around EUR 2.2 billion). Under the agreeme
X1 Wind, which leads the PivotBuoy floating wind platform project in Spain, has been selected in the last round of funding in the pilot phase of the European Innovation Council (EIC) Accelerator. The company has been chosen for funding support together with 37 European start-ups and SMEs to receive
BVG Associates has begun a new study to help pave the way for Scottish small and medium-sized enterprises (SMEs) in the offshore wind sector. The Scottish Offshore Wind Energy Council commissioned the research with the aim of helping SMEs win business in the global offshore wind market. The council’
Sif has signed a heads of agreement with Royal IHC to acquire the Netherlands-based engineering and consultancy company KCI the engineers. The final agreement is subject to due diligence outcome and is expected in the first quarter of 2021. Works Councils of the two parties have been informed or ask
AqualisBraemar has acquired 100 per cent of the shares in LOC Group with the purchase price consideration of USD 20.2 million (around EUR 16.5 million) cash consideration plus two million conditional warrants in AqualisBraemar. The two companies will continue trading separately until the latter part
