Cargostore is expanding into Taiwan in conjunction with Rhenus Offshore to support the local offshore wind market. The companies will open a DNV 2.7-1 CCU depot in the Taiwanese Port of Taichung, planned to be operational in the fourth quarter of the year. To remind, Taiwan plans to achieve 5.5GW of
Installing 7-9GW of offshore wind in California by 2040 could save local ratepayers up to USD 2 billion, according to a new study by E3. Modeling results across all scenarios in the study found that including 7-9GW of offshore wind capacity in California’s energy mix by 2040 would produce ratepayer
The Global Center of Expertise (GCE) NODE has called on the Norwegian government to establish a national strategy with the right incentives to help kickstart the local offshore wind industry. According to Anne-Grete Ellingsen, CEO of GCE NODE, Norway needs to launch an industrial policy as other nat
LOC Group has been appointed to the Advisory Board of the TWIND project, focused on creating a network of research professionals for the offshore wind industry in Portugal. The EUR 796,000 three-year project, launched in July, has the objective of dynamizing a pool of specialized research profession
LM Wind Power has sent off the first 107m long blade for GE’s Haliade-X 12MW turbine from its factory in Cherbourg, France, to the UK where it will undergo testing. The LM 107.0 P blade, the world’s largest, was loaded onto a vessel on 13 August in the Cherbourg harbor and began its journey to the [
U.S. political representatives are paying a visit to Denmark to learn from its experience in offshore wind and to meet with the local industry. During the four-day visit, political representatives from the U.S. east coast states will see Danish production and port facilities and will meet with the l
Iberdrola has entered into an agreement with Green Investment Group (GIG), part of Macquarie Group, to sell a 40% share in the East Anglia One offshore wind farm. Iberdrola will continue to be the majority shareholder with a 60% stake in the 714MW wind farm located offshore Suffolk in the UK. Accord
Danish energy trading company Danske Commodities has expanded its trading activities to the United States. Danske Commodities US LLC is based in Connecticut and is part of the company’s strategy of global expansion. Besides expanding geographically, Danske Commodities said it is dedicated to growing
Tokyo Electric Power Company Holdings, Inc. (TEPCO HD) is forming a new company dedicated to handling its renewable energy generation business. The aim of separating the renewables unit into a new entity is to increase the recognition of the renewables business and better coordinate with both domest
LOC Longitude, part of LOC Group, has opened an office in Newcastle to better serve the offshore renewables market in the UK North East. According to LOC, the office will host geotechnical, geological, naval architecture and marine systems consulting engineers to serve its client base in the region.
Innogy has reported a 29% increase in adjusted EBITDA, to EUR 415 million, in its Renewables division in the first half of 2019, partly due to the Galloper offshore wind farm. According to innogy, the positive contribution to earnings was in part due to a bonus for timely, on-budget completion of th
Northland Power reported a 6% increase in adjusted EBITDA in the second quarter of 2019, to CAD 194 million, partly impacted by the Gemini offshore wind farm. The company stated the rise is partly caused by a CAD 6 million increase at Gemini, due to an adjustment of CAD 7.3 million recorded in the s
Ørsted has reported an 18% increase in earnings from its offshore wind farms in operation in the first half of 2019, to DKK 5.9 billion (circa EUR 790.6 million), due to the ramp-up at the Hornsea Project One, Borkum Riffgrund 2 and Walney Extension offshore wind farms. Offshore and onshore wind pow
Macquarie Infrastructure and Real Assets (MIRA) has agreed to acquire Ocean Breeze Energy, the owner of the BARD Offshore 1 wind farm in Germany. MIRA, who will carry out the acquisition via a Macquarie European Infrastructure Fund 5 led consortium, will buy the company from Unicredit. “Offshore win
