Ørsted and the multinational oil and gas major bp have agreed to jointly develop a potential large-scale renewable hydrogen project in Germany powered by offshore wind. The project, which is expected to be operational in 2024, will comprise a 50 MW electrolyser system installed at bp’s Lingen Refine
Red Rock Power Limited has formed a 50:50 joint venture with the Irish state-owned utility ESB to develop the Inch Cape Offshore Limited wind farm development off the east coast of Scotland. Inch Cape is set to be constructed 15 kilometres off the Angus Coast. The project recently received approval
Cloudberry Clean Energy AS has entered into an exclusivity agreement with Downing LLP for the construction and ownership of a 100 MW nearshore, shallow-water wind farm in Lake Vänern in southern Sweden. Back in September, Cloudberry acquired Scanvind2 AS, the holding company of the Rewind Vänern off
Boskalis has reported a revenue increase at its Offshore Energy business in the third quarter of 2020, compared to the previous two quarters, but also a drop in its order book to EUR 1.3 billion (EUR 1.47 billion at the end of June). The company noted a strong contribution from the seabed interventi
The Netherlands-based cable logistics company WIND has officially established a branch office in Taiwan. WIND’s cable crew mobilized all the handling equipment and is ready to start the first renewable storage project next week, the company said. “We are proud that our clients requested us to extend
In the next five years, the offshore wind supply chain could create 4,500 new jobs in the North East England, with the turnover of the UK region’s supply chain companies to more than double in their offshore wind activities over the same period. This is according to the Supply Chain Mapping 2020 res
The fiscal year 2020 has ended at Siemens Gamesa Renewable Energy (SGRE), which reported a decline in revenues, but also a record order intake. In its outlook, the wind turbine supplier sees boosts in several markets, such as the green hydrogen plans in the EU, Democrats’ push for net-zero 2050 in t
Siemens Gamesa has produced the 500th nacelle for an offshore wind turbine at its manufacturing plant in Cuxhaven, Germany. The milestone was reached with a nacelle for the Hornsea Two offshore wind farm in the UK. The offshore nacelle manufacturing plant in Cuxhaven was opened in 2017 and regular o
Mainstream Renewable Power has signed a Joint Development Agreement with Vietnam’s Advance Information Technologies Corporation (AIT) to co-develop a 500 MW offshore wind project in Ben Tre province, Vietnam. The wind farm project is expected to reach financial close and start construction by 2023/2
CWind has completed this year’s campaign at the East Anglia One offshore wind farm in the UK. Last year, CWind secured a multi-year contract to provide below water services, including subsea inspections of the jackets and offshore substation, corrective maintenance, as well as pre-engineering studie
Global Tech I has refinanced its non-recourse debt, according to Green Giraffe, which acted as a financial advisor to Global Tech I and its sponsors. The refinancing, for which the transaction closed on 2 November, gathered a large sponsor group, led by SWM Stadtwerke München, Axpo Group and ENTEGA
Offshore wind turbine manufacturer MHI Vestas recorded EUR 30 million net profit in the third quarter of 2020. The company’s revenue stood at EUR 508 million for the period, an increase of EUR 109 million compared to the same quarter last year. The revenue in the third quarter was driven by the deli
Ørsted has issued its second TWD denominated green bond in Taiwan to raise financing for its continuing investments in the Greater Changhua 1 & 2a offshore wind project. The new unsecured green senior bonds comprise a 7-year TWD 4 billion fixed-rate tranche, a 10-year TWD 3 billion fixed-rate tranch
Equinor has published the summary reports from the first phase of community consultations for the extensions of the Sheringham Shoal and Dudgeon offshore wind farms in the UK. As part of the development process, early-stage proposals were presented locally and online for feedback from the community
