Ørsted has set a target to become carbon neutral by 2025 and achieve a carbon-neutral footprint by 2040.
Dominion Energy has agreed to negotiate a Project Labor Agreement with three U.S. building and construction trade unions for its Coastal Virginia Offshore Wind (CVOW) project.
The 2019 result has exceeded the company’s expectations at the beginning of the year as well as its most recent guidance of DKK 16-17 billion.
Xodus Group has expanded its renewables business with the addition of a new wind analysis team.
Van Oord and Saare Wind Energy have entered into an agreement to jointly develop the Saaremaa offshore wind project in Estonia.
Axpo Deutschland has taken over the marketing of all the electricity produced by Global Tech I (GT I) offshore wind farm. The German subsidiary of the Switzerland-based Axpo was previously marketing one-fourth of the offshore wind farm’s produced power. Now, the company is in charge of the overall p
Renewable Infrastructure Development Group (RIDG), a new Scottish company in the offshore wind market, is planning to participate in the ScotWind leasing round. RIDG has revealed it is working towards the next round of offshore wind in Scotland due to be launched by The Crown Estate Scotland after t
EDP Renewables and Engie have signed an agreement to create a co-controlled 50/50 joint-venture in fixed and floating offshore wind. The agreement follows the last year’s signing of a strategic Memorandum of Understanding to form a new entity as an exclusive vehicle of investment of EDPR and Engie f
The first turbines, with a capacity of 1.5MW, were installed in 2000 at the 10.5MW Utgrunden offshore wind farm in the Baltic Sea in Sweden.
Installed offshore wind capacity in U.S. waters could reach 20GW by 2030, according to research by Rystad Energy. The research writes that the annual investments in the U.S. offshore wind sector could surpass USD 15 billion by the mid-2020s. Such a trajectory means capital expenditure in U.S. offsho
Leading global offshore wind developer Ørsted is the world’s most sustainable company according to the Global 100 ranking announced by the Toronto-based research firm Corporate Knights. Ørsted has become the first-ever energy company to top Corporate Knights’ list, outperforming more than 7,300 glob
Swedish wind power company SeaTwirl has secured a patent from the European Patent Office (EPO) for its divisible offshore wind turbine. SeaTwirl said that the notice about the patent is dependent on paying the required fees. The solution includes a turbine that is divisible above and below the house
EDF Renewables and ESB are holding a series of supply chain events for the Neart na Gaoithe (NnG) offshore wind project in March. The aim of the events is to showcase how more Scottish companies can help support the delivery of the 450MW offshore wind farm. Meetings will be held in East Lothian on 2
Investment in offshore wind reached USD 29.9 billion in 2019, up 19% on 2018 and USD 2 billion more than in the previous record year of 2016, the latest data from research company BloombergNEF (BNEF) shows. The last quarter of the year was particularly busy and saw a number of offshore wind deals, a
