Offshore wind projects selected in the third Contracts for Difference (CfD) Allocation Round 3 will be delivered at a strike price as low as GBP 39.65/MWh, a near 30% reduction compared to the second CfD auction held in 2017. For the first time renewables are expected to come online below market pri
Energi Coast is well-placed to support the development of the 1.4GW Sofia and the 3.6GW Dogger Bank projects selected in the Contracts for Difference (CfD) Allocation Round 3, this North East of England’s offshore wind cluster said. In total, six UK offshore wind projects have won CfD, including Sof
The Moray West offshore wind farm remains viable despite not having been selected in the UK’s third Contracts for Difference (CfD) allocation round, the project developer confirmed. The project team stated that it recognizes an opportunity for Moray West to be awarded a CfD in the next auction round
The results of the latest Contracts for Difference (CfD) allocation round have shown that offshore wind has now become the cheapest source of electricity in the UK, RenewableUK said. RenewableUK estimates that the 5.5GW of offshore wind projects selected in the CfD Allocation Round 3 will support ov
Dominion Energy is proposing to develop a 2.6GW wind farm off the coast of Virginia by 2026, which represents the largest offshore wind development in the U.S. The news comes as Virginia’s Governor Ralph Northam signed an executive order which sets the goal of having up to 2.5GW of offshore wind dev
EDF Renouvelables and Enbridge have held a ceremony to mark the beginning of construction on the Saint-Nazaire offshore wind project in France. Eolien Maritime France (EMF), a consortium of EDF Renouvelables and Enbridge, is developing the Saint-Nazaire project some 12km off the coast of Loire-Atlan
E.ON has closed the purchase of a 76.8% stake in innogy from RWE, shortly after the European Commission approved the transaction. E.ON and RWE have been engaged in an asset swap since March 2018 in which E.ON takes over the 76.8% stake in innogy, while RWE obtains, among other things, all E.ON’s maj
Siemens Gamesa has expanded its green guarantee line to EUR 1.25 billion which the company will use to fund its business of manufacturing and selling onshore and offshore wind turbines worldwide. In a deal arranged with BNP Paribas, the company converted a EUR 240 million guarantee line into a “gree
Lamprell is set to make incremental investments in equipment and operational set-up at its Hamriyah facility in the United Arab Emirates (UAE) due to a growing number of planned offshore wind projects. According to Lamprell, the decision comes as a number of significant offshore wind projects are ex
Wind turbines covered all the electricity consumption in Denmark on 15 September, marking a new record, according to Energinet. For the first time ever, wind turbines generated power all 24 hours and provided 130% of electricity during the day, much more than the Danes need for daily consumption, En
The U.S. State Department has updated its policy guidance to include a visa category for crewmembers who will work onboard vessels deployed in offshore wind operations. The new guidance, part of the Foreign Affairs Manual (FAM), solves a regulatory hurdle that was causing logistical problems for the
CoreMarine and Spain’s National Renewable Energy Centre CENER have signed a consortium agreement to collaborate on engineering services for the floating offshore wind industry. The agreement focuses on floating foundation design, mooring and dynamic cable analysis, transport and installation, wind t
The European Commission has approved E.ON’s acquisition of innogy’s distribution and consumer solutions business and certain electricity generation assets. E.ON and RWE, which controls innogy, have been engaged in an asset swap since March 2018 in which E.ON is taking over RWE’s 76.8% stake in innog
The annual global growth of the offshore wind sector will increase to 19.1GW by 2020, from the 4.3GW in 2018, according to Commerzbank AG. Commerzbank anticipates the global wind market to continue to grow, albeit with regional fluctuations, with an average growth rate of 15% in the offshore wind se
