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Business & Finance

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Wind Farm UpdateGrid ConnectionEnvironment
US and Canada Bolster Offshore Wind Ties
Business & Finance

US and Canada Bolster Offshore Wind Ties

The Business Network for Offshore Wind and Marine Renewables Canada have entered into an affiliation agreement to share knowledge and support the development of offshore wind. The aim of the agreement is to demonstrate the commitment to ensuring Canadian and U.S. industry and suppliers receive incre

about 6 years ago
An aerial photo of the Forosa 1 offshore wind farm in Taiwan, co-owned by Orsted
Business & Finance

World’s Largest Renewable Energy Corporate Power Purchase Agreement Signed in Taiwan

Taiwan-based TSMC signed a corporate power purchase agreement (CPPA) with Ørsted for the Greater Changhua 2b & 4 offshore wind farm on 8 July. TSMC will offtake the full production from the 920 MW wind farm, making this the largest-ever contract of its kind within renewable energy, according to Ørst

about 6 years ago
Burbo Bank Extension Community Fund Passes GBP 1 Million Milestone
Business & Finance

Burbo Bank Extension Community Fund Passes GBP 1 Million Milestone

Ørsted has awarded ten local organizations around Liverpool Bay, the UK, with grants from the milestone tenth round of the Burbo Bank Extension Community Fund. This latest round takes the total number of projects supported to 126, with total funds awarded now standing at over GBP 1.1 million since t

about 6 years ago
Infographic showing percentage distribution of technologies favoured for Corporate Power Purchase Agreements
Business & Finance

Offshore Wind Third Most Popular for Corporate Power Purchase Agreements in Europe

Offshore wind is the third most opted for energy source for corporate power purchase agreements (CPPAs), according to a survey of the European CPPA market carried out by law firm Fieldfisher. Some 54 per cent of survey respondents said they would consider signing a power purchase agreement (PPA) for

about 6 years ago
MingYang offshore wind turbine installed at sea
Business & Finance

MingYang Launches Business & Engineering Centre in Hamburg

MingYang has established a business and engineering centre in Hamburg, Germany, with an aim to introduce its latest offshore wind turbine products into the European market. The Chinese wind turbine manufacturer said that it was motivated by the growth of the offshore wind market in Europe, and that

about 6 years ago
GWEC Launches Floating Offshore Wind Task Force
Business & Finance

GWEC Launches Floating Offshore Wind Task Force

The Global Wind Energy Council (GWEC) has launched the Floating Offshore Wind Task Force with the aim to accelerate the growth of the sector. The first actions will be to define the priority markets for offshore wind, and engage with relevant local associations, policymakers and NGOs in the fishing,

about 6 years ago
Thai Company Takes 50% Stake in Borkum Riffgrund 2
Business & Finance

Thai Company Takes 50% Stake in Borkum Riffgrund 2

The Thailand-based Gulf Energy Development Public Company has acquired a 50% interest in the Borkum Riffgrund 2 offshore wind farm in Germany. The company acquired 100% shares of Borkum Riffgrund 2 Investor Holding (BKR2) through its subsidiary Gulf International Holding (GIH) which entered into a s

about 6 years ago
Irish Reveal 1 GW Floating Offshore Wind Project
Business & Finance

Irish Reveal 1 GW Floating Offshore Wind Project

Simply Blue Energy has submitted an application to the Irish Department of Housing, Local Government & Heritage to carry out site investigations for a potential floating offshore wind project off Kinsale. The Emerald project, which would use Principle Power’s WindFloat floating foundations, is expec

about 6 years ago
Naval Energies Joins Scottish Offshore Wind Cluster
Business & Finance

Naval Energies Joins Scottish Offshore Wind Cluster

Naval Energies has joined the DeepWind offshore wind cluster as part of its strategy to offer floating wind technology in the Scottish market. The French offshore renewable energy technology developer said it aims to join in the development of the floating wind sector in Scotland and offer its semi-

about 6 years ago
UK ERRV Provider Eyes Offshore Wind Sector
Business & Finance

UK ERRV Provider Eyes Offshore Wind Sector

UK company North Star has revealed that it is planning to deliver a new fleet of vessels to support the offshore wind maintenance market. North Star, which owns and operates emergency response and rescue vessels (ERRVs) in the North Sea, has also set up the North Star Renewables business. The news c

about 6 years ago
Wind turbine being installed at the Gwynt y Mor offshore wind farm
Business & Finance

Siemens, Stadtwerke München Take Stake in Awel y Môr Offshore Wind Farm

Stadtwerke München and Siemens Financial Services have joined RWE in developing the Awel y Môr offshore wind farm by acquiring a 30 per cent and 10 per cent stake in the project, respectively. RWE, which now holds 60 per cent share of the project, is leading the development of the offshore wind farm

about 6 years ago
Kriegers Flak CGS Launch Delayed Again
Business & Finance

Kriegers Flak CGS Launch Delayed Again

The launch of Kriegers Flak Combined Grid Solution (CGS) has again been delayed, now until the end of September. The final steps of the commissioning procedures for the overall CGS system are confronted with ongoing movement restrictions for the Swedish team members due to the coronavirus pandemic,

about 6 years ago
Equinor Floats 800 MW Floating Wind Project Offshore South Korea
Business & Finance

Equinor Floats 800 MW Wind Project Offshore South Korea

Equinor has started conducting wind measurements to investigate the possibility of developing and constructing an 800 MW floating offshore wind project in South Korea. Two floating wind speed measurement installations using LiDAR technology have been deployed in the East Sea from Ulsan to conduct me

about 6 years ago
50Hertz Goes All In on Renewables
Business & Finance

50Hertz Goes All-In on Renewables

German transmission system operator 50Hertz has launched an economic and climate initiative aiming to draw 100 per cent of the electricity delivered from renewable sources by 2032. 50Hertz supplies eastern German states and the city states of Berlin and Hamburg with electricity. The TSO is in charge

about 6 years ago
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