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Business & Finance

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RWE Greenlights GBP 3 Billion Sofia Offshore Wind Farm
Business & Finance

RWE Sets Up Sofia OWF Community Fund

RWE Renewables has launched a GBP 150,000 community grant fund supported by its Sofia offshore wind project in the UK. The fund will be managed and distributed by Tees Valley Community Foundation (TVCF) on behalf of the 1.4 GW wind farm located on Dogger Bank in the North Sea, 195 km off the North E

about 5 years ago
A photo of the Fugro Brasilis survey vessel at sea
Business & Finance

Fugro Bags Offshore Wind Contracts in South Korea and US

Fugro has been awarded contracts in the offshore wind sector in South Korea and the U.S., according to the company’s results for the first quarter of 2021. In South Korea, Fugro has won a contract for a site investigation programme for a floating offshore wind farm. The company did not disclose any

about 5 years ago
Aker and Strathclyde Uni Kick Off Turbine Blade Recycling Project
Business & Finance

Aker and Strathclyde Uni Collaborating on Turbine Blade Recycling

Aker Offshore Wind, Aker Horizons and the University of Strathclyde have signed a Memorandum of Understanding (MoU) to collaborate on accelerating recycling glass fiber used in wind turbine blades. The aim of the MoU is to drive forward the development of recovery processes for used glass fiber prod

about 5 years ago
Amazon Reveals Offshore Wind Plans in UK
Business & Finance

Amazon Reveals Offshore Wind Play in UK

Amazon has announced nine new utility-scale wind and solar energy projects including a 350 MW offshore wind farm off the east coast of Scotland. The US technology company said that the wind farm is Amazon’s largest in the UK. The project is also the largest corporate renewable energy deal announced

about 5 years ago
A subsea export cable for offshore wind farms landing on a beach
Business & Finance

GCube Insurance: Offshore Wind Needs to Mitigate Supply Chain Risks to Ensure Longevity of Sector

While offshore wind has performed strongly during the pandemic, continuing with next to no business interruption, the sector still faces some significant supply chain risks. This is according to an insurance company specialising in renewable energy, one of few businesses with the capability to compr

about 5 years ago
Ørsted's UK Pioneer to Deliver Solely to OVO Energy
Business & Finance

Ørsted’s UK Pioneer to Deliver Solely to OVO Energy

UK’s independent energy supplier OVO Energy has entered into a power purchase agreement (PPA) with Ørsted to buy the output from the Barrow offshore wind farm. OVO Energy will purchase 100% of the power from the 90 MW Barrow wind farm which has been operational since 2006. By the end of the year, th

about 5 years ago
Application Window Opens for New UK Floating Wind Funding Scheme
Business & Finance

Application Window Opens for New UK Floating Wind Funding Scheme

The UK Government has launched the application window for the Floating Offshore Wind (FOW) Demonstration Programme and set the deadline for submitting interest by noon 18 June. The government issued its call at the beginning of March for what is a new funding scheme to support the development of tec

about 5 years ago
Leonardo da Vinci vessel in water at Vard's shipyard site
Business & Finance

Prysmian Inks EUR 200 Million Export Cable Contract for Sofia OWF

Prysmian Group and RWE Renewables have finalised the contract for the export cable connection of the 1.4 GW Sofia offshore wind farm, worth more than EUR 200 million. The contract, which follows the preferred bidder agreement from November 2020, includes the development of the turn-key high voltage

about 5 years ago
A technician on top of an offshore wind turbine
Business & Finance

Almost 70,000 People Will Be Working in UK Offshore Wind Sector by 2026

The number of people working in the rapidly expanding offshore wind industry in the UK is projected to increase to 69,848 by 2026, with the private sector expected to invest GBP 60.8 billion (approx. EUR 70.5 billion) in developing, constructing and operating offshore wind farms over the next five y

about 5 years ago
Siemens Gamesa 14 MW Turbine
Business & Finance

RWE Greenlights GBP 3 Billion Sofia Offshore Wind Farm

RWE has taken the financial investment decision on the 1.4 GW Sofia offshore wind farm project in the UK. The 100 per cent RWE-owned project represents a total investment of approximately GBP 3 billion (EUR 3.48 billion). The company is now poised to forge ahead with the construction of Sofia, with

about 5 years ago
UK Plans Phase 2 of Offshore Wind Farm Radar Risk Mitigation Competition
Business & Finance

UK Plans Phase 2 of Offshore Wind Farm Radar Risk Mitigation Competition

The UK’s Defence and Security Accelerator (DASA) is set to launch the second phase of its competition for technologies that mitigate radar risk of offshore wind farms. The Windfarm Mitigation for UK Air Defence competition seeks proposals that can develop technologies to permit the coexistence of fu

about 5 years ago
NOF Launches Offshore Wind Database
Business & Finance

NOF Launches Offshore Wind Database

NOF has launched an offshore wind projects database for the UK supply chain to easier reach opportunities in the sector. The NOF Offshore Wind Projects Database provides access to critical project data, an insight into the industry’s key players, forecasts of market development and supply chain spen

about 5 years ago
TechnipFMC Targets Floating Wind with Magnora Tie-Up
Business & Finance

TechnipFMC Targets Floating Wind with Magnora Tie-Up

TechnipFMC has entered into an agreement with Magnora ASA to jointly pursue floating offshore wind project development opportunities under the name Magnora Offshore Wind. In Januray, Magnora revealed it had entered into a partnership to establish the joint venture, but at the time did not disclose t

about 5 years ago
ELA containers on TenneT's offshore converter platform in German North Sea
Business & Finance

Swire Energy Services, ELA Team Up for UK Offshore Market

Swire Energy Services (SES) and ELA Container Offshore have entered a strategic collaboration that will see the two companies jointly delivering offshore accommodation solutions to the UK offshore energy sector. According to the companies, the new partnership will allow SES to increase its offshore

about 5 years ago
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