The North Carolina Department of Commerce has launched a comprehensive project to assess the state’s supply chain and physical infrastructure best positioned to promote local offshore wind development. The supply chain and infrastructure assessment will identify strengths and opportunities to prepar
The UK National Grid has secured a green loan worth USD 743 million to finance the Viking Link interconnector project. This the first ever multi-credit export agency (ECA) covered green loan and follows the launch of the National Grid’s first green bond earlier this year, which raised EUR 500 millio
The U.S. Department of Energy’s National Renewable Energy Laboratory (NREL), Business Network for Offshore Wind and DNV GL will jointly develop a U.S. offshore wind supply chain database that will support the development of 20 GW of offshore wind power by 2035. The project is funded by the National
Van Oord plans to lay off approximately 500 employees globally due to COVID-19 impacts on the business. Van Oord stated that the coronavirus situation is having a major impact on the company as it is facing a decline in turnover and deterioration in results. The Rotterdam-headquartered company estim
Henrik Poulsen has resigned his position as CEO of Ørsted after eight years in the role. Poulsen will continue as CEO until 31 January 2021 at the latest and will be nominated for the company’s Board of Directors at the next annual general meeting (AGM) in March. “It’s been an incredible ride over t
Aker BP is planning to explore the opportunity of using offshore wind energy at new oil & gas development areas offshore Norway. Aker BP and Equinor recently entered into an agreement in principle on commercial terms for the coordinated development of the licenses Krafla, Fulla, and North of Alvheim
The Offshore Industry Group is urging the UK Government to exempt all offshore energy sector workers from the recently introduced 14-day quarantine restrictions. The group, comprising IADC, IAGC, IMCA, IOGP and ISOA, is calling upon governments to recognize offshore energy sector workers as “key wor
TEPCO Holdings’ renewable energy unit, which commenced business operation as an independent company on 1 April under the name TEPCO Renewable Power, has revealed a big investment in offshore wind projects. The company plans to invest JPY 1-2 trillion (EUR 8.22 billion to EUR 16.44 billion) in 6-7 GW
Ørsted has installed its 1,500th offshore wind turbine with which the world’s leading offshore wind developer reached 7 GW of capacity installed. Ørsted achieved this milestone recently after installing the 25th Siemens Gamesa 8 MW wind turbine on the 752 MW Borssele 1 & 2 wind farm in the Dutch Nor
Deutsche WindGuard and Ørsted have kicked off their cooperation to together provide GWO training for offshore wind technicians. The training starts this week at the safety training center in Norddeich, north Germany. For Deutsche WindGuard this is the second training center in addition to the one in
China’s MingYang Smart Energy has agreed to sell a minority stake in a special purpose company developing a 300 MW offshore wind project to Poly Changda Engineering. Once the transaction is completed, Poly Changda Engineering will hold a 49 per cent stake in Yangjiang Mingyang Offshore Wind Power De
The European Investment Bank (EIB) has granted a EUR 450 million credit line for co-financing the construction of the Fécamp offshore wind project in France. According to EIB, this is the first such operation it is financing in France, reinforcing the objectives set by its shareholders to make it th
French company Naval Energies has joined the Offshore Wind California coalition, which gathers offshore wind developers and technology companies supporting a goal of 10 GW of installed offshore wind capacity in California by 2040. “We look forward to working with the Naval Energies team as we advanc
Capital expenditure (CAPEX) on offshore wind is expected to surpass upstream oil & gas spending in Europe in 2022, according to Rystad Energy. The oil market collapse caused by the Covid-19 pandemic is set to delay several oil and gas developments in Western Europe, putting capital expenditure in th
