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Business & Finance

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ORE NIWE
Business & Finance

ORE Catapult and NIWE Form UK-India Offshore Wind Partnership

Offshore Renewable Energy (ORE) Catapult and India’s National Institute of Wind Energy (NIWE) have announced a Joint Declaration of Intent (JDI) to establish a five-year collaboration programme to support UK and India’s offshore wind industry. The two organisations will work together on innovation a

about 4 years ago
Gwynt Glas
Business & Finance

EDF Renewables, DP Energy Pinpoint Celtic Sea Site for 1 GW Floating Wind Project

EDF Renewables UK and DP Energy have revealed more details about the location of their Gwynt Glas floating offshore wind project in the Celtic Sea, which could have up to 1 GW of installed capacity. The Gwynt Glas wider search area is 70 kilometres off the coast of Pembrokeshire and 45 kilometres fr

about 4 years ago
Fugro-gets-call-for-3-GW-offshore-wind-sites-in-the-UK
Business & Finance

Fugro Gets Call for 3 GW Offshore Wind Sites in the UK

Fugro has won a contract with BP and EnBW to carry out a geotechnical site investigation campaign at the Morgan and Mona offshore wind projects in the Irish Sea. Fieldwork will run from May to September at the site located approximately 30 kilometres off the coast of North Wales and North West Engla

about 4 years ago
SeAH Wind
Business & Finance

UK XXL Monopile Factory Moves Closer to Construction

SeAH Wind Ltd, a subsidiary of South Korea’s pipe manufacturer SeAH Steel Holdings, has submitted plans for its proposed GBP 300 million XXL monopile factory to be built on Teesside in Northeast England. The 40-metre-tall building, part of the Teesside’s Freeport, will sit on a 90-acre site adjacent

about 4 years ago
UK to Raise 2030 Offshore Wind Target to 50 GW, Slash Project Approval Times
Business & Finance

UK to Raise 2030 Offshore Wind Target to 50 GW, Slash Project Approval Times

UK Prime Minister Boris Johnson has presented a plan to boost Britain’s energy security which includes an increased target of up to 50 GW of operating offshore wind capacity by 2030. The up to 50 GW of offshore wind capacity, of which the government would like to see up to 5 GW come in form [&hellip

about 4 years ago
Installation of Siemens Gamesa Turbine at Hornsea Two
Business & Finance

Ørsted Divesting Half of Hornsea Two for EUR 3.6 Billion

Ørsted has signed an agreement to divest 50 per cent of its 1.3 GW Hornsea Two offshore wind farm in the UK to a consortium comprising AXA IM Alts and Crédit Agricole Assurances for GBP 3 billion (approximately EUR 3.6 billion). The transaction is expected to close in the second half of 2022, once t

about 4 years ago
Offshore Wind Part of Shell’s GBP 25 Billion UK Investment Plan
Business & Finance

Offshore Wind Part of Shell’s GBP 25 Billion UK Investment Plan

Shell plans to invest up to GBP 25 billion (approximately EUR 30 billion) in the UK energy system over the next ten years, with offshore wind being one of the main areas the oil and gas giant has set its sights on in the UK. The company said via a social media post it planned […]

about 4 years ago
New Floating Wind-to-Hydrogen Project Proposed in UK
Business & Finance

New Floating Wind-to-Hydrogen Project Proposed in UK

Environmental Resources Management’s (ERM) ERM Dolphyn and Source Energie have entered into a partnership to jointly develop projects in the Celtic Sea that incorporate floating wind and green hydrogen production, with an aim to participate in the Crown Estate’s planned floating wind leasing round.

about 4 years ago
Shell and ScottishPower Set Up Multi-Million Offshore Wind Supply Chain Funds
Business & Finance

Shell and ScottishPower Set Up Multi-Million Offshore Wind Supply Chain Funds

ScotWind partners ScottishPower and Shell are set to invest a total of GBP 75 million to help the supply chain and businesses support the growth of the offshore wind industry in Scotland. ScottishPower and Shell were awarded the seabed rights to develop three new offshore wind projects with a combin

about 4 years ago
New Name Emerges in Offshore Wind Development Market
Business & Finance

New Name Emerges in Offshore Wind Development Market

Macquarie’s Green Investment Group (GIG) has announced plans to launch a new specialist offshore wind business named Corio Generation (Corio). The new company, to be headquartered in London and led by ex-Iberdrola offshore CEO Jonathan Cole, will operate on a standalone basis and take projects from

about 4 years ago
Leonardo da Vinci
Business & Finance

Prysmian Wins EUR 1.2 Billion Contract to Deliver UK-Germany Interconnector

Prysmian has won a contract worth around EUR 1.2 billion to deliver the 725-kilometer NeuConnect interconnector that will directly link the German and UK electricity grids for the first time. The Italian cabling giant will provide the turnkey design, manufacturing, installation, testing, and commiss

about 4 years ago
Kincardine floating wind farm
Business & Finance

Floating Wind LCOE to Drop Below USD 40/MWh by 2050, Installed Capacity to Reach 264 GW

Floating wind technology development will enable the levelised cost of energy (LCOE) to drop below USD 100/MWh by 2025 and under USD 40/MWh in 2050, which will further drive, together with some other factors, an increase in cumulative installed capacity to 264 GW by 2050, according to a report from

about 4 years ago
Van-Oord-picks-Sofia-inter-array-cable-supplier
Business & Finance

Van Oord Picks Sofia Inter-Array Cable Supplier

Hellenic Cables has won a contract by Van Oord Offshore Wind UK for the supply of 66 kV inter-array cables and accessories for the 1.4 GW Sofia offshore wind project in the UK. Under the contract, Hellenic Cables will design, engineer, manufacture, test and supply approximately 360 kilometers of 66

about 4 years ago
UK Monopile Factory Changes Location, New Address at Teesworks
Business & Finance

UK Monopile Factory Changes Location, New Address at Teesworks

SeAH Wind Ltd will build a GBP 200-300 million UK XXL monopile manufacturing facility at Teesworks and not at Able UK’s Able Marine Energy Park (AMEP) on the South Bank of the Humber as initially planned. SeAH Wind Ltd, a subsidiary of South Korea’s pipe manufacturer SeAH Steel Holdings, has not spe

about 4 years ago
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