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Business & Finance

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Hornsea Three Hits Another Snag
Business & Finance

Hornsea Three Hits Another Snag

The UK’s Secretary of State for Business, Energy and Industrial Strategy (BEIS) has once again postponed the deadline for the decision on Ørsted’s development consent order (DCO) application for Hornsea Project Three. The Secretary of State is minded to approve this application subject to further in

about 6 years ago
Polish Govt and Wind Energy Industry Sign Offshore Wind Co-Op Deal
Business & Finance

Polish Govt and Wind Energy Industry Sign Offshore Wind Co-Op Deal

The Polish government and representatives from the local wind energy industry have signed a Letter of Intent (LoI) to cooperate on the development of offshore wind in Poland. The letter, signed on 1 July, defines the next steps in the collaboration to jointly develop a strong wind industry in Poland

about 6 years ago
Ireland Needs 1 GW of Offshore Wind by 2025 to Meet 2030 5 GW Target
Business & Finance

SSE: Ireland Needs 1 GW of Offshore Wind by 2025 to Meet 5 GW by 2030 Target

Ireland needs to install 1 GW of offshore wind energy capacity by 2025 if it is to meet the new Irish government’s target of 5GW of installed offshore wind by 2030, SSE Renewables said. Paul Cooley, Director of Capital Projects at SSE Renewables, told the Energy Ireland ‘Offshore Energy Conference’

about 6 years ago
RWE and E.ON Complete Asset Swap Deal
Business & Finance

RWE and E.ON Complete Asset Swap Deal

RWE has taken over innogy’s activities, meaning the asset swap deal with E.ON is officially completed. The wind, solar and hydropower businesses, as well as the biomass, biogas and gas storage activities are now transferred to RWE. About 2,700 employees are transferring from innogy to RWE in the cou

about 6 years ago
Airswift Eyes Offshore Wind with Vietnamese Joint Venture
Business & Finance

Airswift Eyes Offshore Wind Sector with Vietnamese Joint Venture

Workforce solutions provider Airswift has formed a joint venture with Source of Asia (SOA) in Vietnam with an aim to target the offshore wind sector. SOA will provide on-the-ground support to Airswift’s candidates and clients working in the region’s offshore wind market. Together, the companies plan

about 6 years ago
Cargostore containers with an offshore wind farm in the background
Business & Finance

UK Offshore Container Provider Expands into Taiwan

The UK-based offshore container provider Cargostore has opened a container depot in the Port of Taichung to support the upcoming offshore wind projects in Taiwan. The company has expanded into Taiwan in partnership with Rhenus Offshore Logistics and Maxlines New Energy & Project Logistics. Cargostor

about 6 years ago
Vole au vent installing turbines at Northwester 2
Business & Finance

Belgium Breezes Past Denmark in Offshore Wind Capacity Rankings

Belgium has surpassed Denmark in terms of the installed offshore wind capacity and is now ranked fourth in the world, Belgian Offshore Platform (BOP) said. Following the commissioning of the 219 MW Northwester 2 wind farm in May, Belgium now has 1,775 MW of installed offshore wind capacity, compared

about 6 years ago
Denmark: For Every 1 GW of Offshore Wind, 14,600 FTE Jobs Secured
Business & Finance

Denmark: For Every 1 GW of Offshore Wind, 14,600 FTE Jobs Secured

A new study in Denmark, published on 26 June, says that every 1 GW of offshore wind set up in Denmark secures 14,600 full-time jobs. The study, released by Danish Shipping, Danish Energy and Wind Denmark, has investigated what investments in offshore wind can create in terms of employment throughout

about 6 years ago
A cable laying vessel working at sea in dusk
Business & Finance

Borssele Beta Cable Work to Cost TenneT EUR 50 Million More

Works to install the Borssele Beta export cable in the Netherlands will set TenneT back an additional EUR 50 million after contractors discovered unstable soil along the cable route. Namely, the cable installation contract TenneT signed with NKT and VBMS (now Boskalis Subsea) in 2016/2017 will now b

about 6 years ago
Offshore Wind Consultants Coming to South Korea
Business & Finance

Offshore Wind Consultants Coming to South Korea

Offshore Wind Consultants (OWC) is setting up an office in South Korea to support the local offshore wind market. “We continue our expansion into key emerging markets such as South Korea. We believe a local presence is central to leveraging our global expertise and providing the best possible local

about 6 years ago
Kincardine floating wind farm
Business & Finance

Cobra Strikes Kincardine Green Financing Deal

Spain’s Cobra Instalaciones y Servicios has secured a GBP 380 million green loan financing for the construction of the Kincardine floating wind farm offshore Scotland. The project comprises the construction of a 50 MW wind farm some 15 kilometres south-east of Aberdeen. Kincardine will consist of si

about 6 years ago
CSBC-DEME Reaches FID for First Taiwan-Built Offshore Wind Installation Vessel
Business & Finance

CSBC-DEME Reaches FID for First Taiwan-Built Offshore Wind Installation Vessel

CSBC-DEME Wind Engineering (CDWE) has reached the final investment decision (FID) for the construction of Green Jade, the first Taiwan-built floating heavy-lift offshore wind installation vessel. CDWE, a joint venture of DEME Offshore and Taiwanese shipbuilder CSBC, informed in April that it had ini

about 6 years ago
ProCon Officially Sets Up US Offshore Wind Subsidiary
Business & Finance

ProCon Officially Sets Up US Offshore Wind Subsidiary

ProCon Wind Energy has officially established a subsidiary in the U.S. dedicated to the local offshore wind sector. Last week, the company’s CEO Claus Søgaard Poulsen signed the final documents regarding ProCon Wind Energy USA Inc. The next step includes finalizing the establishment of the first U.S

about 6 years ago
Danish Consortium Raring to Bankroll North Sea Energy Island
Business & Finance

Danish Consortium Raring to Bankroll North Sea Energy Island

A consortium including three of the largest Danish pension and energy companies is ready to finance and operate the recently approved energy island in the Danish North Sea. Earlier this week, the Danish parliament approved a new Climate Action Plan which calls for the development of two energy islan

about 6 years ago
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