The European Investment Bank (EIB) has signed a EUR 250 million loan agreement with TenneT for the western section of the Zuidwest 380kV offshore grid project in the Netherlands. The financing will support the construction of a new 380kV transmission line, combined with a 150kV line for part of the
Spanish energy company Iberdrola has concluded an agreement to take 100% ownership of Ailes Marines, the developer of the 496MW Saint-Brieuc offshore wind farm in France. Iberdrola, which previously owned 70% of the consortium’s capital, has acquired the remaining 30% from Avel Vor (RES and Caisse d
Ørsted U.S. Offshore Wind has signed a Memorandum of Understanding (MoU) with the Montclair State University in New Jersey for clean energy research and educational outreach activities. Ørsted’s USD 200,000 contribution will support the university’s Clean Energy and Sustainability Analytics Center (
Ørsted has reported an increase of DKK 1 billion (circa EUR 134 million) in its full-year EBITDA guidance due to updated assumptions regarding the divestment of the transmission asset for the Hornsea One offshore wind farm. The Danish company said it now expects EBITDA excluding earnings from new pa
Offshore wind major Ørsted has opened a United States Innovation Hub in Providence, Rhode Island as part of its commitment to building an offshore wind industry supply chain in the US. With its seven work stations at Providence’s CIC workspace, the Innovation Hub will serve as the physical location
Chalkis Shipyards and a number of Greek institutions are collaborating on a project seeking to study the potential of floating offshore wind in the Greek Seas. The WIndfloat.gr – Innovative Design of Floating Wind Plants for the Greek Seas project seeks to exploit the wind potential of the Greek Sea
Offshore wind farms in Belgium broke a record in February as they produced 804GWh of electricity, according to the Belgian Offshore Platform (BOP). The 804GWh, measured at the Elia grid connection point, corresponds to the annual consumption of 230,000 households, at 3,500kWh per year per family. Th
J.F. Lehman & Company (JFLCO) is now the full owner of Global Marine Group (GMG), after completing the acquisition announced in January 2020.
The Netherlands Enterprise Agency (RVO.nl) is organizing an economic mission for offshore wind to Poland and Lithuania. The economic mission will take place in Szczecin, Poland, and Vilnius, Lithuania, from 20 to 24 April. According to RVO.nl, opportunities for the offshore wind sector in the Baltic
The Global Wind Energy Council (GWEC) and the Japan Wind Power Association (JWPA) have launched a joint Offshore Wind Task Force in Japan. The task force will address key bottlenecks to the growth of Japan’s offshore wind industry such as providing input to streamline the regulatory process for proj
The Polish Wind Energy Association (PWEA) and the Polish Offshore Wind Energy Society (PTMEW) have established a cooperation to support the development of the offshore wind sector in Poland. The aim of the collaboration is to establish a multilateral Declaration of Cooperation for Polish Offshore Wi
The European Commission has approved the acquisition of EDPR Offshore España by ENGIE and EDP Renovaveis. EDPR Offshore España is a Spain-headquartered subsidiary of the EDP Group active in the offshore wind industry globally. The company would be the exclusive vehicle of both parties for offshore w
The researchers estimated that if electricity prices are high, offshore wind could provide more than 1,000 terawatt-hours, or about 36 percent of all coastal energy demand. If electricity prices are low, it could provide more than 6,000 terawatt-hours, or 200 percent of total energy demand.
Ørsted has signed a Letter of Intent (LoI) with the Dutch non-profit organization Stichting Noordzeeboerderij to together work on combining offshore wind and nature-inclusive seaweed farms. The collaboration will see the parties working on combining mooring solutions with nature development in multi
