A consortium comprising PensionDanmark, PFA and SEAS-NVE said it was ready to finance the VindØ energy island in the North Sea. The consortium would initially contribute with up to DKK 400 million (EUR 53.6 million) to develop the project. Copenhagen Infrastructure Partners, an investment company be
ST Engineering Marine and Nauti-Craft have signed a Letter of Intent (LOI) to jointly develop and supply new crew transfer vessels. Primarily, the two companies aim to explore the opportunity to incorporate Nauti-Craft’s marine suspension technology into vessels built by ST Engineering. As a further
India’s NTPC Ltd. and Oil and Natural Gas Corporation Limited (ONGC) have signed a Memorandum of Understanding (MoU) to set up a joint venture company for the renewable energy business. As per the MoU, NTPC and ONGC will explore the setting up of offshore wind and other renewable energy projects in
Innogy is planning to commence stakeholder and community consultations for the Dublin Array offshore wind project in Ireland early this autumn. The wind farm is currently in the development phase, and data gathering will continue until the summer to refresh the environmental reporting and project de
TenneT is supporting the possibility of Germany taking a minority stake in the organization. In a letter to the Dutch Lower House of Parliament, Finance Minister Wopke Bastiaan Hoekstra presented his preferred scenario for meeting TenneT’s capital requirement as a result of rising investments, due t
The Danish government is proposing to build two energy islands in the North and Baltic Seas by 2030 in its Climate Action Plan. The plan includes using the Bornholm island in the Baltic Sea as a 2 GW energy island, as well as establishing a 2 GW artificial energy island in the North Sea that [&helli
The Netherlands-based consultancy and engineering company IX Wind has opened an office in Tokyo, Japan, with an aim to service the APAC renewables market. Earlier this year, IX Wind signed a Memorandum of Understanding (MoU) with TÜV SÜD for collaboration in the Japanese wind energy market. The deal
Renewable energy consultancy and service provider, Natural Power, has appointed Rick Campbell as Head of Offshore. Campbell will lead the development of Natural Power’s offshore business and explore new opportunities both within the UK and internationally. He is joined by Erlend Christiansen as Offs
The Irish government has designated seven offshore wind projects as relevant, meaning they will be fast-tracked through the new marine planning regime. The selected projects include the Oriel, innogy’s Bray and Kish Banks, Codling I and II, Skerd Rocks and North Irish Sea Array (NISA) wind farms. Th
New York-based Stonepeak Infrastructure Partners has entered a USD 145 million mezzanine debt agreement with AMP Capital to support the acquisition of Swancor Renewable Energy and the construction of the Formosa 2 offshore wind farm in Taiwan. “The transaction represents our first infrastructure deb
Denmark-headquartered Copenhagen Offshore Partners (COP) has opened a new office in Hanoi, Vietnam. The office, opened in April, is located within the French Quarters, close to key government ministries, embassies and the national grid operator, COP said. The first two Vietnamese employees joining t
Offshore Wind Consultants (OWC) is setting up an office in Tokyo to support the Japanese offshore wind market. OWC stated that it had previously worked in Japan’s offshore wind sector from its office in Taipei, Taiwan. “The Japanese government has announced big ambitions when it comes to renewables
Siemens Gamesa has signed a bank guarantee line for up to EUR 600 million to cover the construction of components for the 1.4 GW Hornsea Two offshore wind farm. Located in the North Sea and owned by Danish utility company Ørsted, the farm will consist of 165 Siemens Gamesa wind turbines. BNP Paribas
The North Carolina Department of Commerce has issued a Request for Proposals (RFP) to solicit an offshore wind supply chain and infrastructure assessment. The analysis will identify North Carolina’s existing strengths and capabilities relating to the offshore wind sector, and help develop a strategi
