Fred. Olsen Windcarrier has entered into two new long-term non-recourse debt financing arrangements related to the Brave Tern, Bold Tern and Blue Tern jack-up vessels under its indirect ownership. In conjunction with the financing, the company established a green loan framework with an eligibility a
Belgian electricity and gas supplier Lampiris and Otary have approved a long-term power purchase agreement (PPA) for all of the electricity generated at the 309 MW Rentel offshore wind farm. The agreement must still be submitted for approval to the Electricity and Gas Regulation Commission (CREG). I
NKT’s cable manufacturing factories are now running on electricity from renewable energy sources, the company informed, adding that its CO2-emissions from energy consumption are now 66 per cent lower than last year. The 66 per cent reduction in CO2-emissions from energy consumption came through usin
MHI Vestas has finalised a purchase agreement with Mitsubishi Electric Europe to source switchgear for upcoming offshore wind projects in Taiwan through the participation of the local manufacturer, Shihlin Electric and Engineering Corporation (SEEC). The purchase agreement, first announced in April
NorSea and Abnormal Load Services (ALS) have launched a joint company to provide project and offshore supply logistics to onshore and offshore wind energy sectors. The new company, named Elevon, will also be supported by NorSea and ALS owners Wilhelmsen Group and Wallenius Wilhelmsen, respectively.
Iberdrola has entered into an agreement with Swedish renewables company Svea Vind Offshore, which will allow the Spain-headquartered company to take a majority stake in up to eight offshore wind projects in Sweden. The eight projects are in various stages of development, with the first of them plann
Total, Shell and eight offshore wind developers have joined Offshore Renewable Energy (ORE) Catapult’s national Floating Offshore Wind Centre of Excellence (FOWCoE) in the UK. The eight offshore wind developers include EDF Renewables, EDP Renewables, Equinor, ESB, Mainstream Renewable Power, Scottis
Floating Power Plant (FPP) has secured the formal approval to access the PLOCAN test facility in Gran Canaria with its hybrid floating wind and wave energy device. The company intends to deploy a commercial-scale version of its P80 wind-wave energy platform at PLOCAN. According to FPP, this approval
Japanese utility JERA, French state-owned investment company ADEME Investissement, and Ideol have teamed up to develop commercial-scale floating offshore wind projects. The parties agreed on the key terms for the establishment of an investment vehicle dedicated to the financing of the development ph
Markus Tacke is stepping down as CEO of Siemens Gamesa, effective immediately. According to the company, the Board of Directors and Tacke mutually agreed to terminate the CEO contract. Andreas Nauen, who was head the company’s offshore activities, has been appointed the new chief with immediate effe
Hitachi Zosen and Naval Energies have signed a Memorandum Of Understanding (MOU) to extend their collaboration after working together on a floating wind technology feasibility study. Now, the partners plan to cooperate on other floating wind projects and to start defining their future industrial coo
Copenhagen Infrastructure Partners (CIP) has reached a first close on Copenhagen Infrastructure IV (CI IV) investment fund with EUR 1.5 billion. The fund, planned to be worth EUR 5.5. billion, will become the largest one within renewable energy infrastructure investments, according to the investment
SSE plc is planning to invest more than GBP 7 billion over the next five years in major low-carbon construction projects to support the net-zero target and spur a green economic recovery. The plan will see SSE invest almost GBP 4 million every day for the next five years on projects, including the G
Investment and asset management services provider, Commerz Real Capital Management Company, has placed its Institutional Infrastructure Offshore Fund, with more than EUR 200 million acquired from institutional investors. A number of institutional investors are now participating in the Veja Mate
