The Massachusetts Baker-Polito Administration is allocating USD 721,500 in grants to six academic institutions and labor organizations to establish workforce training and development programs to support the state’s offshore wind sector. The awards, which include USD 200,000 from Vineyard Wind’s Wind
Lithuanian state-owned energy company Lietuvos Energija has received initial interest from ten potential partners to jointly develop offshore wind projects in Lithuania and abroad. Lietuvos Energija initiated an Expression of Interest (EOI) process in February to find an experienced partner and join
The Copenhagen Maritime and Commercial Court has upheld Ørsted’s claim that it has the right to use the Ørsted name. To remind, the Danish offshore wind giant changed its name from DONG Energy to Ørsted in October 2017, following the sale of its upstream oil and gas business and the decision to shif
German energy company EnBW reported an operating result (adjusted EBITDA) of EUR 118.6 million for its Renewable Energies segment in the first quarter of 2019, a 24.3% increase compared to the same period a year earlier. The increase in the segment’s adjusted EBITDA was driven partly by ”good wind c
The Chinese patent authority has awarded the Swedish wind power company SeaTwirl with a patent for its divisible offshore wind turbine. The solution includes a turbine that is divisible above and below the house that holds the generator and bearing, meaning that their entire housing can be replaced
EnBW North America is opening an office in New Jersey, the U.S., to pursue regional offshore wind opportunities. The office, located in Jersey City, is the company’s first in North America and will be launched on 15 May in Newport Tower. EnBW North America executives from the U.S. and Germany will h
Ørsted has secured nominal GBP 900 million through the issuance of green senior bonds, to finance its green growth ambition towards 2025 including the investment in the 1,386MW Hornsea Project Two offshore wind farm in the United Kingdom. Ørsted has completed the pricing of new unsecured green senio
3sun Group is set to mobilize its teams to support MHI Vestas during turbine installation at the Deutsche Bucht offshore wind farm. According to the UK company, offshore installation and completion teams will shortly be mobilizing for the 269MW project. Deutsche Bucht comprises 33 MHI Vestas 8.4MW t
Siemens will add its 59% stake in Siemens Gamesa Renewable Energy to the Gas and Power division spinoff which will be managed separately. The new Gas and Power division ”is to be given complete independence and entrepreneurial freedom through a carveout and a subsequent public listing”, Siemens said
Global Wind Service (GWS) is set to provide offshore installation technicians for the turbine installation at the Deutsche Bucht offshore wind farm in Germany. The Denmark-headquartered company will begin supporting MHI Vestas during the installation of 33 8.4MW turbines beginning from June. In addi
Ørsted A/S plans to issue green senior bonds in the UK-market to finance its green growth ambition towards 2025 including the investments in 1,386MW Hornsea Two offshore wind farm. With the bond issuance, Ørsted targets a multi-tranche senior unsecured GBP-Sterling green bond, subject to market cond
Siemens Gamesa has reported a 6% year-on-year increase in revenue to EUR 4,651 million in the first half of the 2019 fiscal year, said to be supported by strong performance in the Offshore and Service segments. The company saw a 7% increase in revenue in the second quarter of FY 2019, to EUR 2,389 m
Researchers at the University of Rhode Island who analyzed AirBnB rental data before and after the construction of the Block Island Wind Farm have found that, contrary to some concerns, the turbines have increased tourism on the island. Corey Lang, URI associate professor of environmental economics,
Siemens Gamesa has obtained an investment grade rating, becoming the first global wind turbine manufacturer to do so. Standard & Poor’s (S&P) awarded Siemens Gamesa with a BBB long-term credit rating with positive outlook and Moody’s assigned the company a Baa3 outlook stable rating. According to Si
