Greencoat UK Wind has signed an agreement to acquire a 25 per cent stake in the Burbo Bank Extension offshore wind farm from AIP, in partnership with a number of pension funds investing through Greencoat Renewable Income LP, a fund also managed by Greencoat Capital. Through the acquisition, to be co
The UK government is setting aside up to GBP 160 million for the development of new large-scale floating offshore wind ports and factories in Wales and Scotland, the UK’s Prime Minister Boris Johnson revealed. Developers and manufacturers looking to invest in this emerging industry will be able to b
The UK government has announced GBP 380 million (around EUR 450 million) of investment in offshore wind in its Autumn Budget and Spending Review. Up to GBP 230 million (around EUR 272.5 million) of this will be available from GBP 1.4 billion (around EUR 1.66 billion) that the government is allocatin
Former Petrofac CEO Ayman Asfari and colleagues have established Venterra Group Plc, a company providing services to the offshore wind industry, which acquired FoundOcean, Osbit, and Gavin & Doherty Geosolutions (GDG). According to a press release from the newly established Venterra, its mission is
Malaysian utility Tenaga Nasional Berhad (TNB) has acquired a 49 per cent stake in the existing Blyth Offshore Demonstrator wind farm and a yet-to-be-built floating wind farm in northeast England from EDF Renewables UK. TNB acquired the stake in the Blyth Offshore Demonstrator Limited (BODL) through
Spanish renewable energy major Iberdrola and its Portuguese counterpart EDP have reaffirmed their investment plans for offshore wind projects in the UK, as well as other renewable energy and energy transition initiatives in the country. Iberdrola has confirmed its intent to invest GBP 6 billion in t
UK-based marine energy company Marine Power Systems (MPS) has joined forces with Marine2o to develop integrated solutions to support the production of green hydrogen from offshore renewable energy sources, using marine vessels to transport this energy vector to market. This first collaboration will
Subsea 7 has officially completed the transaction to combine its fixed foundation offshore wind business unit with Norway’s OHT ASA into a pure-play renewables company. Effective from the closing of the transaction, the combined company is renamed Seaway 7. Subsea 7’s wholly-owned indirect subsidiar
JDR Cable Systems is planning to open a new GBP 130 million subsea cable manufacturing facility in Cambois, near Blyth, Northumberland, the UK. The project is subject to final agreements, with the construction of the 69,000 square metre facility expected to begin next year and opening in 2024. When
Accelerating the development of robotics and autonomous systems (RAS) will be a significant enabler to reaching net-zero targets, according to new research from the Offshore Renewable Energy (ORE) Catapult, which estimates that the global robotics market in the wind energy industry, both offshore an
Offshore Renewable Energy (ORE) Catapult and HonuWorx are set to demonstrate a concept for a submersible mothership to be used at offshore wind farms. The project, funded by Innovate UK, will develop Ridley, a submersible platform that can transport large robots and remotely operated vehicles (ROVs)
The installation of the wind turbines at Kincardine, the world’s largest floating wind farm, has marked the start of the long-term Power Purchase Agreement (PPA) between Statkraft and Kincardine Offshore Windfarm Ltd (KOWL). The 50 MW Kincardine floating wind farm will provide over 200,000 MWh per y
VolkerFitzpatrick has started with construction works on Siemens Gamesa Renewable Energy’s two blade manufacturing facilities, as well as on repurposing an existing factory, at the wind turbine supplier’s site in Hull. The work, being carried out under an GBP 82 million (around EUR 96 million) desig
UK’s Harland & Wolff and Spanish companies Navantia and Windar Renovables have signed a Memorandum of Understanding (MoU), which will see the new partners actively working on securing specific fixed-bottom and floating offshore wind projects, primarily within the UK, and executing them together. Har
