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Business & Finance

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Ørsted Reveals Offshore Wind Plans in South Korea
Business & Finance

Ørsted Reveals Offshore Wind Plans in South Korea

Ørsted has disclosed plans to develop South Korean offshore wind projects with a potential capacity of up to 1.6 GW off the coast of Incheon City. The projects will be located more than 70 kilometres from the main parts of Incheon City and have relatively shallow water depths at the target project s

about 6 years ago
Thor Wind Turbine
Business & Finance

RWE Sells 49% Stake in Humber Gateway Offshore Wind Farm

RWE has signed an agreement with Greencoat to sell a 49% stake in the Humber Gateway offshore wind farm in the UK. With a 51% share in the project, RWE will remain the majority shareholder and will continue operating the 219 MW wind farm. The agreed cash consideration amounts to GBP 648 million. The

about 6 years ago
Osprey Group team in front of a cable basket at Port of Sunderland
Business & Finance

Osprey Bags Moray East Contract

The Osprey Group has won a contract to provide handling and storage services for the spare export cable for the Moray East offshore wind farm. Under the contract, the company will receive and store approximately 2,500 metres of subsea cable and approximately 1,500 metres of HDD cable to be received

about 6 years ago
Thor Wind Turbine
Business & Finance

ORE Catapult Invests in Blade Manufacturing Facility

Offshore Renewable Energy (ORE) Catapult is investing in a prototype blade manufacturing facility at its National Renewable Energy Centre in Blyth. The Additive Manufacturing for Wind Blades project will install an advanced manufacturing cell that aims to prove technologies that can reduce blade pro

about 6 years ago
Thor Wind Turbine
Business & Finance

NorgesGruppen Eyes Local Offshore Wind Tender

NorgesGruppen and its ASKO Fornybar have entered into a collaboration with Norseman Wind to potentially participate in the upcoming offshore wind tender in Norway. The parties are planning to develop an offshore wind farm with 1.4 GW of capacity at the Sørlige Nordsjø II area. According to NorgesGru

about 6 years ago
Thor Wind Turbine
Business & Finance

Deutsche Bahn Taps RWE for More Offshore Wind Power

Deutsche Bahn (German Rail) and RWE Supply & Trading have signed a 15-year power purchase agreement (PPA) for electricity produced at the Amrumbank West offshore wind farm. The PPA will begin in 2024 and run until 2039. The 288 MW Amrumbank West is located around 30 kilometres off the coast of Helig

about 6 years ago
California State Lands Commission Reviewing Two Floating Wind Applications
Business & Finance

California State Lands Commission Reviewing Two Floating Wind Applications

The California State Lands Commission is reviewing two floating offshore wind applications for the use of land for demonstration projects in the Pacific Ocean. This concerns the construction, operation, maintenance, and decommissioning of two projects that would be located in state waters off the co

about 6 years ago
Thor Wind Turbine
Business & Finance

New Jersey Sets Up Regional Planning Process for Offshore Wind Transmission

The New Jersey Board of Public Utilities (NJBPU) and regional electricity grid operator PJM Interconnection have agreed to commence a State Agreement Approach (SAA) solicitation for offshore wind transmission solutions. The commencement of the SAA includes New Jersey using the competitive solicitati

about 6 years ago
Thor Wind Turbine
Business & Finance

South Koreans Form Floating Wind Alliance

South Korea’s Doosan Heavy Industries & Construction and SK Engineering & Construction have signed a technical cooperation agreement for floating offshore wind farm projects. The two companies have agreed to implement a One Team Operation (OTO) cooperation system for the floating offshore wind farm

about 6 years ago
Thor Wind Turbine
Business & Finance

Financial Close on World’s Largest Offshore Wind Project Within Days

Financial close on the first two phases of the world’s largest offshore wind farm at Dogger Bank is expected in the coming days, SSE said. SSE Renewables and Equinor are jointly developing the 3.6 GW Dogger Bank offshore wind project through a 50:50 joint venture company – Dogger Bank Wind Farm. The

about 6 years ago
Thor Wind Turbine
Business & Finance

Ørsted and US Labor Union Kick-Start Offshore Wind Workforce Transition

Ørsted and North America’s Building Trades Unions (NABTU) have signed a Memorandum of Understanding (MoU) to develop the next generation offshore wind workforce in the U.S. The partnership will create a national agreement designed to transition U.S. union construction workers into the offshore wind

about 6 years ago
Thor Wind Turbine
Business & Finance

Siemens Gamesa Appoints New Head of Offshore Business

Wind turbine manufacturer Siemens Gamesa Renewable Energy has appointed Marc Becker as the new Chief Executive Officer (CEO) of its Offshore business. Becker served as Managing Director for Germany and Head of Offshore Sales and Projects at Siemens Gamesa before leaving the company in early 2020. Pr

about 6 years ago
Port of Cromarty Firth
Business & Finance

Ideol and Scottish Port Pen Floating Wind Agreement

The France-headquartered Ideol has signed a Letter of Intent (LoI) with the Port of Cromarty Firth in Scotland to cooperate for the floating offshore wind sector. The agreement will see Ideol and its future local construction partners use the port’s land and firth berthing sites and cooperate toward

about 6 years ago
Aker Offshore Wind Ups Stake in Principle Power
Business & Finance

Aker Offshore Wind Ups Stake in Principle Power

Aker Offshore Wind has increased its ownership in Principle Power Inc from approximately 20 per cent to an expected 39 per cent, after exercising an option to buy further shares in the floating wind technology company. “Principle Power is established as the industry leading provider of floating wind

about 6 years ago
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