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Business & Finance

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OutSmart Picks Whiffle Forecasts for Wind Projects
Business & Finance

OutSmart Picks Whiffle Forecasts for Wind Projects

OutSmart has contracted Whiffle to provide weather and production forecasts for a portfolio of wind energy projects, including the 600MW Gemini offshore wind farm in the Netherlands.

about 7 years ago
New Jersey BPU Okays OREC Funding Mechanism
Business & Finance

New Jersey BPU Okays OREC Funding Mechanism

The New Jersey Board of Public Utilities (NJBPU) has unanimously voted to adopt a proposed rule establishing the Offshore Wind Renewable Energy Certificate (OREC) funding mechanism for the state’s offshore wind energy.

about 7 years ago
Acquiring Alpha Offshore Pays Off for Sparrows Group
Business & Finance

Acquiring Alpha Offshore Pays Off for Sparrows Group

Alpha Offshore Service’s revenue has increased by 46% in the past 12 months, according to its parent company Sparrows Group, which said that its position in the renewables market strengthened one year on from the acquisition of the Danish company.

about 7 years ago
Race Bank Gets GBP 200 Million Loan
Business & Finance

Race Bank Gets GBP 200 Million Loan

The Japan-based Nippon Life Insurance has executed a GBP 200 million syndicated loan for the Race Bank offshore wind project in the UK.

about 7 years ago
World’s First Global Offshore Wind Organization Debuts
Business & Finance

World’s First Global Offshore Wind Organization Debuts

World Forum Offshore Wind (WFO), the first organization dedicated to fostering and promoting the global growth of offshore wind, has officially been launched.

about 7 years ago
Esvagt, Wind Power LAB Launch New Turbine Inspection Concept
Business & Finance

Esvagt, Wind Power LAB Launch New Turbine Inspection Concept

Esvagt and Wind Power LAB have launched WTG Blade Assessment, a new service concept said to reduce weather risks and costs related to drone inspections of offshore wind turbines.

about 7 years ago
Sumitomo Joins French Offshore Wind Duo
Business & Finance

Sumitomo Joins French Offshore Wind Duo

Engie and EDP Renewables have entered into an alliance with the Japan-based Sumitomo Corporation for the development of the Dieppe et Le Tréport and Iles d’Yeu et de Noirmoutier offshore wind projects in France.

about 7 years ago
Fred. Olsen Windcarrier Buys Seafox 5
Business & Finance

Fred. Olsen Windcarrier Buys Seafox 5

Fred. Olsen Windcarrier has made an agreement with Seafox International Group to acquire a 51% ownership in the jack-up vessel Seafox 5.

about 7 years ago
Triton Knoll Draft Decommissioning Plan Open for Comments
Business & Finance

Triton Knoll Draft Decommissioning Plan Open for Comments

Triton Knoll Offshore Wind Farm Ltd is consulting on the draft Decommissioning Programme for the 860MW offshore wind project prior to submission to the UK Department of Business, Energy and Industrial Strategy (BEIS).

about 7 years ago
Fistuca’s Blue Wedge Connection Wins Innovation Award
Business & Finance

Fistuca’s Blue Wedge Connection Wins Innovation Award

Fistuca has won this year’s Offshore Wind Innovation Award for its Blue Wedge Connection, a new concept used for connecting offshore wind substructures.

about 7 years ago
Mayflower Aims to Have Massachusetts OWF Running by Mid-2020s
Business & Finance

Mayflower Aims to Have Massachusetts OWF Running by Mid-2020s

Mayflower Wind Energy could bring its Massachusetts offshore wind farm into operation by the mid-2020s, the company stated following the announcement of the provisional lease winners on 14 December.

about 7 years ago
US Bags $405.1 Million on Equinor, Mayflower, Vineyard Wind’s Massachusetts Bids
Business & Finance

US Bags $405.1 Million on Equinor, Mayflower, Vineyard Wind’s Massachusetts Bids

Offshore wind farms at three lease areas off Massachusetts will be built by Equinor (former Statoil), Mayflower Wind Energy (a joint venture between Shell and EDP Renewables) and Vineyard Wind. The three will secure 30-year concessions with a total of USD 405,100,000.

about 7 years ago
Massachusetts Offshore Wind Auction Day 2 Starts
Business & Finance

Massachusetts Offshore Wind Auction Day 2 Starts

The US Bureau of Offshore Energy Management (BOEM) has resumed the auction for commercial wind energy leasing offshore Massachusetts.

about 7 years ago
Record-Shattering Massachusetts Offshore Wind Auction Enters Day Two
Business & Finance

Record-Shattering Massachusetts Offshore Wind Auction Enters Day Two

Three commercial wind leases offshore Massachusetts have brought in a total of USD 285 million in bids in the first 24 auction rounds, sending a strong signal that developers are committed to the US offshore wind market.

about 7 years ago
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