UK-based fund manager Glennmont Partners has entered into an agreement with Global Infrastructure Partners (GIP) to acquire a 25% stake in the Gode Wind 1 offshore wind farm in Germany. The acquisition is the first offshore wind investment to be realised from Glennmont’s EUR 850 million Clean Energy
German wind energy agency WAB has launched a campaign aimed at supporting the visibility of the local offshore wind supply chain. The launch of the German Inland Campaign comes as the German offshore wind supply chain is affected by the reduced expansion targets, WAB said. The agency emphasized that
The UK government has passed the law to bring all its greenhouse gas emissions to net zero by 2050. The UK has become the first major economy to pass the net zero emissions law committing to end its contribution to global warming by 2050. According to the government, net zero means any emissions wou
Shell and CoensHexicon Co. Ltd have signed an agreement to develop, construct and operate a floating offshore wind farm in South Korea. According to CoensHexicon, initial project development started early this year for the wind farm which will be located circa 40km off the coast of Ulsan. The partie
Senator of Delaware Tom Carper and Maine Senator Susan Collins have introduced a bill expected to initiate investments in the U.S. offshore wind market by extending tax credits. The Incentivizing Offshore Wind Power Act would extend the investment tax credit (ITC) at 30% for offshore wind farms that
France’s Ideol and the Japanese Shizen Energy have signed an agreement to jointly develop a commercial-scale floating offshore wind project in Japan. The multi-megawatt floating wind project will comprise Ideol’s Damping Pool technology located off the coast of Kyushu and will draw upon Shizen’s exp
The global offshore wind sector has the potential to grow to 200GW of capacity by 2030, according to a new report by the Global Wind Energy Council (GWEC). The Global Offshore Wind Report includes a business-as-usual (BAU) scenario which does not incorporate further technical development or opportun
Offshore wind in Germany produced 12 billion kWh in the first half of 2019, which is a 30% increase compared to 9.2 billion kWh in the first half of 2018, according to preliminary calculations. The research is being conducted by the Center for Solar Energy and Hydrogen Research Baden-Württemberg (ZS
Senator of Massachusetts Edward J. Markey, Rhode Island Senator Sheldon Whitehouse and Congressman Jim Langevin have reintroduced legislation said to spur the growth of offshore wind in the U.S. by extending tax credits for the renewable energy industry. The Offshore Wind Incentives for New Developm
The global market for offshore wind has grown by 16% in the last twelve months, with the largest gains coming from the USA, new figures from RenewableUK show. The biggest single growth market over the last year has been the USA, which accounted for nearly half (48%) of growth globally, RenewableUK s
ENGIE Fabricom is upgrading its site in Hoboken, Belgium, where Offshore High Voltage Stations (OHVS) are built and assembled for offshore wind farms. Due to a strong growth of these activities, ENGIE Fabricom is now investing EUR 5 million in the site, the company said. A new office building with a
The Offshore Wind Industry Council (OWIC) is launching a ten-year programme to support the growth of UK businesses looking to capitalise on the opportunities offered by offshore wind. The Offshore Wind Growth Partnership (OWGP) will be delivered by Offshore Renewable Energy (ORE) Catapult which will
Taiwan’s Swancor is selling 100% of its shares in Swancor Renewable Energy Co. Ltd and its subsidiary Haineng Wind Power to ”European and American energy companies’‘. Swancor is selling 20 million shares at a price range of between USD 1.3 and USD 5.07 per share. The transaction could fetch between
The Hornsea Project One offshore wind farm has begun receiving Contract for Difference (CfD) payments. The Low Carbon Contracts Company (LCCC) began allocating the payments for the first phase of the 1.2GW offshore wind project as it passed the required tests for its Operational Conditions Precedent
