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Business & Finance

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Teesworks Offshore Wind Manufacturing Site Secures Planning Permit
Business & Finance

Teesworks Offshore Wind Manufacturing Site Secures Planning Permit

Planning permission has been granted for an offshore wind manufacturing site at Teesworks on the site of the former SSI steelworks in Redcar, North Yorkshire, England. The development of the 4.5 million sq ft manufacturing space will see more than 430 acres of land alongside the River Tees remediate

about 5 years ago
UK Launches Offshore Wind Growth and Marine Protection Programme
Business & Finance

UK Launches Offshore Wind Growth and Marine Protection Programme

The UK Government and The Crown Estate have launched a new partnership focused on the growth of the local offshore wind sector and protecting and restoring the marine environment. The Offshore Wind Evidence and Change Programme will be led by The Crown Estate, which has committed to a five year GBP

about 5 years ago
A GE Haliade X wind turbine, similar to what will be used on Dogger Bank A & B
Business & Finance

Italian Oil & Gas Major Buys Into World’s Largest Offshore Wind Farm

Eni has entered into agreements with Equinor and SSE Renewables to acquire 10 per cent stake in Dogger Bank A and B from each, which will lead to a shareholding setup of SSE and Equinor each owning 40 per cent and Eni holding 20 per cent in the first two phases of what will become […]

about 5 years ago
Ørsted Sells 25 Per Cent Stake in Ocean Wind to PSEG
Business & Finance

Ørsted Sells 25 Per Cent Stake in Ocean Wind to PSEG

Ørsted has entered into an agreement to sell a 25 per cent ownership interest in its 1,100 MW Ocean Wind offshore wind project to New Jersey’s Public Service Enterprise Group (PSEG). PSEG’s contribution will include both a conventional and tax equity investment in the project. The partners did not d

about 5 years ago
US Wind Appoints Former Deepwater Wind Head as CEO
Business & Finance

US Wind Appoints Former Deepwater Wind Head as CEO

US Wind has named Jeff Grybowski as CEO to lead the company in developing its MarWin offshore wind project off the coast of Maryland. Grybowski is the former CEO of Deepwater Wind, and under his leadership the company developed Block Island – the first offshore wind farm in the U.S. “I’m thrilled to

about 5 years ago
A nearshore wind farm in sunset
Business & Finance

Vietnam: New Wind Power FIT Proposed, GWEC Warns of Negative Effects

Vietnamese Ministry of Industry and Trade has proposed new Feed-in Tariff (FIT) rates as part of the country’s plan for an extension of the FIT scheme for wind energy projects entering operation from November 2021 to December 2023. The new FIT proposal is reducing tariffs for intertidal/nearshore pr

about 5 years ago
MITAGS Makes Offshore Wind Project Simulator for Ørsted
Business & Finance

MITAGS Makes Offshore Wind Project Simulator for Ørsted

Ørsted and the Maritime Institute of Technology & Graduate Studies (MITAGS) have formed a new three-year offshore wind partnership. With Ørsted’s support, MITAGS has created a virtual offshore wind project navigation simulator, which allows mariners to experience piloting through a commercial-scale

about 5 years ago
An aerial photo of the Port of Klaipeda in Lithuania
Business & Finance

Lithuanian Government Sets Stage for Klaipeda Port Offshore Wind Upgrade

On 2 December, Lithuanian government approved a draft resolution that would lead to the Port of Klaipeda being upgraded to accommodate facilities supporting offshore wind projects. The resolution will create the necessary conditions for Klaipeda State Seaport Authority to invest in port infrastructu

about 5 years ago
Iberia Primed For Floating Wind - Study
Business & Finance

Iberia Primed For Floating Wind – Study

The floating wind industry could create up to 50,000 direct and indirect jobs in Spain and Portugal over the next two decades, according to a study launched by EIT InnoEnergy. The study, entitled “Iberia as a hub for technology development and industrial leadership in the field of floating wind offs

about 5 years ago
Carbon Trust Launches Offshore Wind Integration Programme
Business & Finance

Carbon Trust Launches Offshore Wind Integration Programme

The Carbon Trust has launched a new joint industry programme focused on optimizing the integration of offshore wind. The Integrator is a programme designed to examine the interplay between offshore wind, existing infrastructure, and other technologies and developments to highlight opportunities for

about 5 years ago
PKN ORLEN Schedules Offshore Wind Supply Chain Meeting
Business & Finance

PKN ORLEN Schedules Offshore Wind Supply Chain Meeting

Polish energy company PKN ORLEN is holding an online meeting with potential supply chain companies for its offshore wind farm project in the Baltic Sea. PKN Orlen, through its subsidiary Baltic Power, holds a license to build wind farms with a maximum total capacity of up to 1,200 MW at a circa 131

about 5 years ago
Siemens Gamesa Secures EUR 300 Million EIB Loan for RDI Strategy
Business & Finance

Siemens Gamesa Secures EUR 300 Million EIB Loan for RDI Strategy

Siemens Gamesa has arranged a EUR 300 million loan from the European Investment Bank (EIB) to fund its research and development and innovation (RDI) strategy through 2023. The deal comprises an initial EUR 150 million tranche, and a second tranche for the same amount that may be tapped next year. Th

about 5 years ago
OREAC Launches 1.4 TW of Offshore Wind by 2050 Roadmap
Business & Finance

OREAC Launches 1.4 TW of Offshore Wind by 2050 Roadmap

The Ocean Renewable Energy Action Coalition (OREAC) is calling on governments to ramp up their offshore renewable energy ambitions to achieve the coalition’s vision of 1,400 GW of offshore wind by 2050. To support the rapid, global scale-up of ocean-based clean energy, OREAC published The Power of O

about 5 years ago
The Hornsea One offshore wind farm in the UK, built by Ørsted
Business & Finance

Ørsted to Fight Danish Taxation of Its UK Offshore Wind Farms

about 5 years ago
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