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Business & Finance

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Siemens Gamesa Unveils Major Expansion Plans in Taiwan
Business & Finance

Siemens Gamesa Unveils Major Expansion Plans in Taiwan

Siemens Gamesa plans to expand its nacelle assembly facility in Taichung to form a regional offshore wind nacelle industrial hub together with Taiwan-based suppliers. The first project to be supported by the broader manufacturing plant will be the 300 MW Hai Long 2 project, the turbine manufacturer

about 6 years ago
UK Extended Comment Period for Proposed CfD Changes
Business & Finance

UK Extends Comment Period for Proposed CfD Changes

The UK government has extended the comment period for the proposed amendments to the Contracts for Difference (CfD) scheme due to the COVID-19 crisis. The consultation period was initially supposed to end on 22 May but has been extended to 29 May to give more time for sending responses. To remind, t

about 6 years ago
An aerial photo of Sif's site at Port of Rotterdam, including the marshalling site
Business & Finance

Siemens Gamesa to Use Sif’s Site for Hollandse Kust Zuid Marshalling Activities

Siemens Gamesa has signed a contract with Sif for marshalling activities at Sif’s site in the Port of Rotterdam. The site will be used to support wind turbine installation at the Hollandse Kust Zuid offshore wind farm. The contract, under which Siemens Gamesa’s wind turbines for Hollandse Kust Zuid

about 6 years ago
Germans Asking for Offshore Wind CfD and Capacity Target
Business & Finance

Germans Asking for Offshore Wind CfD and Capacity Target

The Association of German Wind Farm Operators (BWO) and WAB are calling for a long-term reliable investment and financing framework for offshore wind projects in Germany that would require the introduction of contracts for difference (CfD) and dialogue on a long-term expansion target until 2035. In

about 6 years ago
A photo of a Sif worker carrying our circumferential welding inside a monopile
Business & Finance

Sif Starts Production of Akita-Noshiro, Saint Nazaire Foundations

Dutch foundation manufacturer Sif has started the production of monopile foundations for the Akita-Noshiro and Saint-Nazaire offshore wind farms in Japan and France, respectively. According to the company’s latest trading update, the production started during the first quarter of 2020, when Sif also

about 6 years ago
Port of Esbjerg Getting EUR 134 Million Investment for Offshore Wind Facilities
Business & Finance

Port of Esbjerg Getting EUR 134 Million Investment for Offshore Wind Facilities

Nordic infrastructure fund Infranode is preparing an investment of up to DKK 1 billion (circa EUR 134 million) for new infrastructure facilities at the Danish port of Esbjerg which will be used for the offshore wind industry. The investment will go into port facilities for storage, preassembly and m

about 6 years ago
Merkur Ownership Change Completed
Business & Finance

Merkur Ownership Change Completed

The Renewables Infrastructure Group Limited (TRIG) and the Dutch pension investor APG have completed the acquisition of the 396 MW Merkur offshore wind farm. The consortium comprising of funds managed and/or advised by Partners Group (50%), InfraRed Capital Partners (25%), DEME Concessions (12.5%),

about 6 years ago
Ideol and Kerogen Capital to Test Waters for Offshore Wind-Powered Oil & Gas Platforms
Business & Finance

Ideol and Kerogen Capital to Test Waters for Offshore Wind-Powered Oil & Gas Platforms

Ideol has entered into a Memorandum of Understanding (MoU) with Kerogen Capital to assess the benefits of using offshore wind to power oil & gas platforms. Ideol stated that the focus of the initiative will be to combine the Damping Pool, its floating offshore wind solution, with Kerogen’s internati

about 6 years ago
New Joint Venture Exploring South African Offshore Wind Market
Business & Finance

New Joint Venture Exploring South African Offshore Wind Market

Swedish floating multi-turbine platform designer Hexicon AB and South African wind developer Genesis Eco-Energy Developments are joining forces to explore the development of offshore wind in South Africa. The development program will be carried out via a joint venture company in South Africa named G

about 6 years ago
Image showing locations of the three offshore wind farms CPP now has stake in
Business & Finance

CPP Earmarks Around EUR 350 Million for French OWFs

Canada Pension Plan Investment Board (CPP Investments) will pay approximately EUR 80 million for its recently bought stake in Éolien Maritime France (EMF) from Enbridge. The Canadian company, through its fully owned subsidiary CPP Investment Board Europe, has acquired 49 per cent of Enbridge’s 50 pe

about 6 years ago
Esvagt Accepts Delayed Delivery of Three Havyard SOVs
Business & Finance

Esvagt Accepts Delayed SOV Delivery from Havyard

Danish offshore support specialist Esvagt has contributed to an economic rescue package for the Havyard shipyard, the builder of the company’s next three Service Operation Vessels (SOVs), and has accepted a delay in delivery. The delay in the delivery was caused by the Norwegian shipbuilder experien

about 6 years ago
French Floating Wind Project Secures EIB Financing
Business & Finance

French Floating Wind Project Secures EIB Financing

The European Investment Bank (EIB) has approved an undisclosed sum to finance the development of the 30 MW Golfe du Lion floating wind project offshore France. The demonstration floating wind farm will feature three V164 MHI Vestas 10 MW wind turbines supported by Principle Power’s WindFloat semi-su

about 6 years ago
EIB Greenlights EUR 500 Million Hollandse Kust (noord) Loan
Business & Finance

EIB Greenlights EUR 500 Million Hollandse Kust (noord) Loan

The European Investment Bank (EIB) has approved a EUR 500 million loan to finance the development of the Hollandse Kust (noord) offshore wind project. The loan application was submitted by the Kingdom of the Netherlands. Located 18.5 kilometres off the west coast of the Netherlands, the Hollandse Ku

about 6 years ago
An artist impression of floating wind turbines at sea
Business & Finance

Top Industry Players Join WFO’s Floating Wind Committee

Several offshore wind companies and organisations have already become members of the World Forum Offshore Wind’s (WFO’s) Floating Offshore Wind Committee, launched in February 2020. The latest ones to get onboard the committee are Japan’s utility company JERA, French wind energy industry association

about 6 years ago
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