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Business & Finance

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Green Hydrogen Could Bring UK GBP 320 Billion by 2050
Business & Finance

Green Hydrogen Could Bring UK GBP 320 Billion by 2050 – Report

Development of an indigenous green hydrogen industry could generate GBP 320 billion for the UK economy and sustain up to 120,000 jobs by 2050, a new report finds. The Offshore Wind and Hydrogen: Solving the Integration Challenge Report was released by the Offshore Wind Industry Council (OWIC) and th

about 6 years ago
Australians Unveil 1.1 GW Offshore Wind Project
Business & Finance

Australians Unveil 1.1 GW Offshore Wind Project

Australian oil and gas specialist Pilot Energy Limited is starting a feasibility study to pursue the development of an offshore wind project off the coast of the Mid West Region of Western Australia. The wind farm is part of a larger renewable energy project. The Mid West Wind and Solar Project comb

about 6 years ago
MHI Vestas Turbines to Power Apple in Denmark
Business & Finance

MHI Vestas Turbines to Power Apple in Denmark

Tech giant Apple will invest in the construction of two MHI Vestas 8.4 MW offshore wind turbines which will be installed onshore near the town of Esbjerg in Denmark. The 200-metre-tall turbines are expected to produce 62 gigawatt-hours of electricity each year. The power produced at Esbjerg will sup

about 6 years ago
Ideol Sets Up Partnership for Floating Wind Mooring Solutions
Business & Finance

Ideol Sets Up Partnership for Floating Wind Mooring Solutions

Ideol and Bridon-Bekaert Ropes Group (BBRG) have entered a strategic partnership to develop a new synthetic mooring solution for the floating offshore wind market. According to the parties, the goal is to meet the floating offshore wind market’s cost reduction, capacity and lead-time expectations. “

about 6 years ago
Scots-Awarding-Half-a-Million-Pounds-for-Offshore-Wind
Business & Finance

Scots Awarding Half a Million Pounds for Offshore Wind

Crown Estate Scotland is awarding GBP 500,000 for the development of the local offshore wind market. The funds comprise GBP 300,000 for Scottish Offshore Wind Energy Council (SOWEC) projects and GBP 200,000 for environmental research. The awarding of SOWEC funding will be linked to criteria which in

about 6 years ago
Great Yarmouth Port to Get Offshore Energy O&M Campus
Business & Finance

Great Yarmouth Port to Get Offshore Energy O&M Campus

Norfolk County Council (NCC) has secured GBP 6 million of funding to deliver an offshore energy operations and maintenance campus at the Port of Great Yarmouth. The site will be located at the entrance of River Yare and will have closer proximity to the Southern North Sea offshore energy development

about 6 years ago
Offshore Wind Turbine Tower Factory Under Construction in Taiwan
Business & Finance

Offshore Wind Turbine Tower Factory Under Construction in Taiwan

Welcon and Century Huaxin Wind Energy (CHWE) have entered into an agreement to cooperate on a turbine tower fabrication facility for offshore wind in Taiwan. Welcon said it will provide its experience and technological know-how to CHWE who will design, build and operate the facility that will serve

about 6 years ago
SSE Selling Walney Stake
Business & Finance

SSE Selling Walney Stake

SSE has agreed to sell its 25.1% non-operating stake in the 367 MW Walney offshore wind farm to Greencoat UK Wind. The stake equates to 92 MW of capacity and the total consideration is GBP 350 million. The sale marks the first stage in SSE’s plans to dispose of GBP 2 billion of assets by […]

about 6 years ago
Cloudberry to Acquire Swedish Offshore Wind Developer
Business & Finance

Cloudberry to Acquire Swedish Offshore Wind Developer

Nordic renewable energy company Cloudberry Clean Energy AS has offered to acquire 100 % of the shares in Scanvind2 AS. Scanvind2 is developing the Rewind Vänern wind power project in the shallow waters of Vänern, the largest lake in Sweden. The current development plan includes 16-17 turbines with a

about 6 years ago
Total Enters South Korean Floating Wind Market
Business & Finance

Total Enters South Korean Floating Wind Market

Energy major Total and Macquarie’s Green Investment Group (GIG) have signed a series of agreements to co-develop an initial 2.3 GW portfolio of floating offshore wind projects in Korea. The portfolio consists of five projects, three in Ulsan totaling 1.5 GW and two in South Jeolla Province totaling

about 6 years ago
Principle Power Joins DeepWind Cluster
Business & Finance

Principle Power Joins DeepWind Cluster

Principle Power has joined the DeepWind cluster to promote the development of deepwater offshore wind in the UK. Principle Power said that DeepWind is an excellent vehicle to further deepen its relationship with local and international stakeholders and suppliers in order to drive the UK floating win

about 6 years ago
Norwegians to Develop Next-Gen Turbine Installation Vessel
Business & Finance

Norwegians to Develop Next-Gen Turbine Installation Vessel

Ocean Installer and Vard are entering into a partnership to develop a vessel for the installation of future offshore wind turbines. The vessel will be able to install giant offshore wind turbines weighing more than 1,000 tones at a height of over 150 meters above sea level, the parties said. “We wil

about 6 years ago
Formosa 1 offshore wind farm in Taiwan
Business & Finance

Taiwan to Become Second Largest APAC Offshore Wind Market

By 2035, Taiwan will become the largest offshore wind market in the Asia-Pacific (APAC) region after China, with 15 GW of capacity estimated to be added by that time, according to GlobalData. “Taiwan offshore wind market is poised to witness multifold expansion to reduce its reliance on fossil fuel

about 6 years ago
Sif Group site at Maasvlakte in the Netherlands
Business & Finance

Sif Posts H1 2020 Results, Reports Exclusive Talks for Two Offshore Wind Projects

The Netherlands-based foundation manufacturer Sif Group is in exclusive negotiations for two new projects in the offshore wind sector. The company left the project names and other details undisclosed, however, it said one of them is in Europe, more specifically in the North Sea. For the European pro

about 6 years ago
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