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Business & Finance

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Thor Wind Turbine
Business & Finance

Norwegians and Japanese Ink Offshore Wind MoU

The Japanese Kiso-Jiban Consultants (KJC) and the Norwegian Geotechnical Institute (NGI) have signed a Memorandum of Understanding (MoU) for offshore wind energy in Japan. The two parties plan to jointly undertake work related to geotechnical investigations, site characterization and foundation desi

about 5 years ago
Thor Wind Turbine
Business & Finance

Fred. Olsen and Hafslund Eco Come Together for Norway’s Offshore Wind

Fred. Olsen Renewables (FORAS) and Hafslund Eco have entered into an agreement to collaborate for the offshore wind sector in Norway. FORAS and Hafslund Eco plan to jointly submit a pre-application for the development of offshore wind projects at the Sørlige Nordsjø and Utsira Nord areas. According

about 5 years ago
Thor Wind Turbine
Business & Finance

New European Coalition Targets More Sustainable Offshore Wind Development

Eighteen offshore wind companies, transmission system operators and environmental NGOs have launched a new coalition dedicated to ensuring that Europe delivers its planned expansion of offshore wind energy while preserving nature and marine ecosystems. The aim of the Offshore Energy and Nature Coali

about 5 years ago
A floating wind turbine out at sea photographed from sea surface level
Business & Finance

US: NY Congress Members Back Empire Wind’s Brooklyn Terminal Plans

US Congress members from New York State, Jerrold Nadler and Nydia M. Velázquez, have sent a letter to New York Governor Andrew Cuomo in support of the Empire Wind offshore wind project, more specifically its Port Infrastructure Improvement Plan (PIIP) which would set up an offshore wind hub at the S

about 5 years ago
A photo of the Fugro Brasilis survey vessel at sea
Business & Finance

Fugro and NYK Group Jointly Target Japanese Offshore Wind Market

Fugro and the Tokyo-based transportation company, NYK Group, have signed a Memorandum of Understanding (MOU) to provide offshore geotechnical services in Japan. The two companies will also collaborate on a feasibility study into jointly operating a specialist investigation vessel for renewables proj

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

SSE, Marubeni, CIP Team Up for ScotWind Leasing

Scottish offshore wind seabed leasing process has brought together Scotland-headquartered SSE Renewables, Japanese conglomerate Marubeni Corporation, and Danish fund management company Copenhagen Infrastructure Partners (CIP). According to the latest press release from SSE Renewables, the developer

about 5 years ago
Thor Wind Turbine
Business & Finance

Offshore Wind Delivers for EnBW

German energy company EnBW Energie-Baden-Württemberg AG has reported an adjusted EBITDA of EUR 586 million in the Renewable Energies segment for the first nine months of 2020, an 88.4 per cent increase compared to the same period last year. The increase is attributed mainly to the EnBW Hohe See and

about 5 years ago
An image rendering Equinor's manufaturing site at Port of Albany
Business & Finance

Equinor’s New York Plans Could Bring 350 Jobs Through Port of Albany

If Equinor’s bids are successful at New York State’s latest offshore wind solicitation, that could lead to creation of up to 350 jobs related to manufacturing of wind turbine components at the Port of Albany in upstate New York. Namely, the developer included the Port of Albany in its proposals rece

about 5 years ago
Thor Wind Turbine
Business & Finance

Dolfines, 8.2 France Shake Hands on Joint Offshore Wind Plans

Dolfines and 8.2 France are joining forces to offer integrated services to the wind energy market, especially the offshore one, by combining their technical expertise in wind turbines, electrical infrastructures and foundations. The offshore wind market’s growth represents a unique opportunity for a

about 5 years ago
A photo of the Nordsee Ost ofshore wind farm in Germany, owned by RWE
Business & Finance

Good Q1 Offshore Winds Boost RWE’s Nine-Month Results

RWE has reported significantly higher adjusted EBITDA at its offshore wind business segment for the first three quarters of 2020, which stood at EUR 738 million, up from EUR 660 million the same period last year. The company attributed the 12 per cent increase primarily to better wind conditions in

about 5 years ago
Thor Wind Turbine
Business & Finance

Tees Valley Aims for Offshore Wind Top Spot with GBP 90 Million Quay

North East of England’s Tees Valley is aiming to turn Teesside into ”UK’s premier offshore wind location” with a project to develop a GBP 90 million quay at South Bank on the River Tees. The work on the South Bank Quay is due to begin in August 2021, with completion expected by the end of […]

about 5 years ago
East Anglia ONE
Business & Finance

TRIG Takes Stake in East Anglia ONE

The Renewables Infrastructure Group Limited (TRIG) has agreed to acquire a 14.3 per cent indirect equity interest in the 714 MW East Anglia ONE offshore wind farm from Green Investment Group (GIG). The investment has been made in a 50 per cent interest in the holding company through which GIG’s init

about 5 years ago
Thor Wind Turbine
Business & Finance

Eni Ready for Norwegian Offshore Wind Tenders with Newly Established Company

Eni has set up a joint venture company named Vårgrønn together with Norwegian energy investor HitecVision, with offshore wind being the first item on the to-do list of the newly established business in which the Italian oil & gas major holds a 69.6 per cent stake. Namely, Vårgrønn’s first step will

about 5 years ago
Thor Wind Turbine
Business & Finance

Ocean Winds North America Launches

EDP Renewables and ENGIE have launched the US arm of Ocean Winds (OW), a 50:50 pure-play joint venture targeting floating and offshore wind. After launching OW in Europe back in July, EDP Renewables and ENGIE are now unveiling the OW North America. “OW will be a major element in creating the new cle

about 5 years ago
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