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Business & Finance

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UK Launches Offshore Wind Sector Deal, Commits to 30GW by 30
Business & Finance

UK Launches Offshore Wind Sector Deal, Commits to 30GW by 30

The UK has launched the new joint government-industry Offshore Wind Sector Deal which will see offshore wind reach the connected capacity of 30GW and deliver one-third of the UK’s electricity by 2030. Under the new deal, the number of jobs in the industry is expected to rise to 27,000 by 2030, up fr

about 7 years ago
Sif Lays Foundations for Growth
Business & Finance

Sif Lays Foundations for Growth

Dutch offshore foundations manufacturer Sif is adapting its production facilities in Roermond and the Maasvlakte in response to new design standards and stricter requirements being defined for coating. The stricter requirements for coating are a response to the wind industry’s ambition to venture in

about 7 years ago
UK Offshore Wind Sector Deal Out Thursday
Business & Finance

UK Offshore Wind Sector Deal Out Thursday

The UK’s new Offshore Wind Sector Deal will be issued on Thursday, 7 March, the Department for Business, Energy & Industrial Strategy said. As reported earlier, the new Sector Deal has established a target of reaching the connected offshore wind capacity of 30GW and delivering one-third of the UK’s

about 7 years ago
UK Offshore Wind Well Positioned to Weather Hard Brexit – Report
Business & Finance

UK Offshore Wind Well Positioned to Weather Hard Brexit – Report

Offshore wind is well positioned to play a major role in the long term UK energy mix even in the case of hard Brexit, according to a joint report by Wood Mackenzie and Verisk Maplecroft. With more than 19GW of new capacity forecast by 2028, a hard Brexit is expected to have limited impact on this [&

about 7 years ago
Offshore Wind Consultants Sets Sights on US Market
Business & Finance

Offshore Wind Consultants Sets Sights on US Market

Offshore Wind Consultants (OWC) is set to open its first US office in Boston, Massachusetts, citing an increasing number of requests from US wind farm developers as the reason. “The US offshore wind market is now taking off. In the past year OWC has undertaken a number of US assignments and we are r

about 7 years ago
Offshore Wind Lobbying Spikes in New Jersey
Business & Finance

Offshore Wind Lobbying Spikes in New Jersey

Firms hoping to install wind turbines off the New Jersey coast increased lobbying-related spending 234 percent from USD 261,664 in 2017 to USD 874,679 in 2018, according to the New Jersey Election Law Enforcement Commission. Several firms ramped up their lobbying activity in 2018 in anticipation of

about 7 years ago
RWE Books Northwester 2 Power
Business & Finance

RWE Books Northwester 2 Power

RWE and Parkwind have signed a long term power purchase arrangement (PPA) under which RWE Supply & Trading GmbH will procure the electricity production from the 219MW Northwester 2 offshore wind farm. The German energy company intends to sell the electricity and guarantees-of-origin to its large ind

about 7 years ago
Race Bank Powers UK’s First Offshore Wind Corporate PPA
Business & Finance

Race Bank Powers UK’s First Offshore Wind Corporate PPA

Ørsted has signed a long-term agreement with Northumbrian Water that will see the water company take almost a third of its renewable energy demand from Race Bank offshore wind farm. The 10-year deal is the first Power Purchase Agreement (PPA) of its kind in the UK and is an expansion of a renewable

about 7 years ago
Atlas Scoops Marine Coordination Deal with Vattenfall
Business & Finance

Atlas Scoops Marine Coordination Deal with Vattenfall

Atlas Professionals has secured a contract to provide marine coordination personnel for the construction and operation of Vattenfall’s offices in Europe. According to Atlas, the contract covers the full marine coordination for all offices in Europe, mainly in Denmark, Germany, the UK, Sweden, the Ne

about 7 years ago
SG Applies for French Turbine Plant Construction Permit
Business & Finance

SG Applies for French Turbine Plant Construction Permit

Siemens Gamesa Renewable Energy has submitted a building permit application for a wind turbine production plant in Le Havre, France. Siemens Gamesa submitted the application to the mayor of Le Havre on 25 February, a spokesperson from the company told Offshore WIND. According to the company, the tur

about 7 years ago
RWE-E.ON Renewables Deal Clears EU Hurdle
Business & Finance

RWE-E.ON Renewables Deal Clears EU Hurdle

The European Commission has approved under the EU Merger Regulation the acquisition by RWE of E.ON’s renewable and nuclear electricity generation assets. Under the agreement reached in March 2018, E.ON is to take over RWE’s 76.79% stake in innogy, whereas RWE is to obtain among other things all of E

about 7 years ago
HST Enters Offshore Wind Partnership in US
Business & Finance

HST Enters Offshore Wind Partnership in US

High Speed Transfers Ltd (HST) has entered into a partnership with Boston Line & Services for offshore wind in the U.S. In the partnership, HST will bring its experience from the European crew transfer vessel (CTV) market and the Massachusetts-based company will provide its services and local conten

about 7 years ago
Sif Reaches Refinancing Deal
Business & Finance

Sif Reaches Refinancing Deal

Sif Holding N.V. has reached a EUR 350 million refinancing deal due to come into force in mid-2019. The agreement was signed with RABO bank, ING, ABN AMRO, Euler-Hermes and Tokio Marine and is set to replace the current EUR 250 million facility. According to Sif, the new facility consists of a revol

about 7 years ago
Pacific Orca Wades Deep Into Beatrice
Business & Finance

Pacific Orca Wades Deep Into Beatrice

Swire Blue Ocean’s jack-up vessel Pacific Orca is installing the 64th turbine of the 588MW Beatrice offshore wind farm at a record location. Swire Blue Ocean said the location holds two records for the company as it represents the furthest north spot and the deepest installation with approximately 5

about 7 years ago
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