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Business & Finance

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East Anglia ONE
Business & Finance

Octopus Energy Takes Stake in 714 MW East Anglia One Offshore Wind Farm in UK

Octopus Energy has acquired a 10 per cent stake in the 714 MW East Anglia One offshore wind farm in the UK, which was fully commissioned in 2020. Octopus acquired this latest wind farm stake from Macquarie Asset Management on behalf of Vector, Octopus’ offshore wind fund, which invests in fixed and

about 1 year ago
Baltyk Bluestream Offshore
Business & Finance

Bluestream Offshore to Take Care of Bałtyk 2 & Bałtyk 3 Monopile Foundations

Bluestream Offshore, an OEG Renewables company, has been awarded a contract by Equinor and Polenergia for the engineering, procurement, construction, and installation (EPCI) of a corrosion protection system for the monopile foundations at the Bałtyk 2 and Bałtyk 3 offshore wind farms in Poland. The

about 1 year ago
DeepOcean Inks Subsea Cable O&M Agreements with Vattenfall
Business & Finance

DeepOcean Inks Subsea Cable O&M Agreements with Vattenfall

DeepOcean has been awarded framework agreements by Vattenfall for the provision of subsea cable operations and maintenance (O&M) services, now valid for Vattenfall’s operational European offshore wind portfolio. The framework agreements are valid for a period of four years and apply to Vattenfall’s

about 1 year ago
Offtake Talks Paused for Gulf of Maine Floating Offshore Wind Project
Business & Finance

Offtake Talks Paused for Gulf of Maine Floating Offshore Wind Project

The US Maine Public Utilities Commission (MPUC) has approved Pine Tree Offshore Wind’s request to suspend offtake negotiations for the Gulf of Maine’s first floating offshore wind research array. Pine Tree Offshore Wind, a consortium comprising researchers from the University of Maine, the State of

about 1 year ago
Signing of Massachusetts Offshore Wind Power Contracts Delayed Again
Business & Finance

Signing of Massachusetts Offshore Wind Power Contracts Delayed Again

The signing of contracts with the selected winners in Massachusetts’ fourth offshore wind solicitation has been delayed once more, now expected to take place on or before 30 June. In September 2024, Massachusetts selected 1,087 MW of the multi-state 1,287 MW SouthCoast Wind project, with Rhode Islan

about 1 year ago
European Energy TotalEnergies
Business & Finance

TotalEnergies, European Energy Bolster Danish Offshore Wind Ties, Eye Upcoming Tender

TotalEnergies and European Energy have signed a joint declaration to pursue opportunities within offshore wind in Denmark and explore further cooperation on onshore renewables and low-carbon molecule projects. The joint declaration was signed during the State Visit to France in the presence of Denma

about 1 year ago
Five UK Co-Operatives to Buy Electricity from RWE’s London Array Offshore Wind Farm
Business & Finance

Five UK Co-Operatives to Buy Electricity from RWE’s London Array Offshore Wind Farm

RWE has signed a 10-year corporate power purchase agreement (CPPA) with five UK co-operatives for the electricity generated at the 630 MW London Array offshore wind farm in the UK. RWE signed the CPPA with Lincolnshire Co-op, Scotmid Co-op, East of England Co-op, Southern Co-op, and Central Co-op to

about 1 year ago
Eiffage Taking Over Dutch Offshore Substation Manufacturer
Business & Finance

Eiffage Taking Over Dutch Offshore Substation Manufacturer

Eiffage, through Smulders, has moved to take full ownership of HSM Offshore Energy, the Netherlands-based manufacturer of offshore platforms and their substructures. The companies said in a joint press release that they signed an agreement on 31 March, under which Eiffage would acquire 100 per cent

about 1 year ago
Wind With Purpose Australia
Business & Finance

New Partners Come Onboard for 2 GW Catalpa Offshore Wind Project in Western Australia

Perth-based Wind With Purpose (WWP) has signed a partnership agreement with Barrington Energy and Gnaala Karla Booja Aboriginal Corporation (GKB) to co-develop the 2 GW Catalpa offshore wind farm in Australia. The agreement grants GKB an equity shareholding in the project, deepening WWP’s commitment

about 1 year ago
Norther offshore wind farm with Vestas wind turbines
Business & Finance

Nordlicht 1 Offshore Wind Turbine Order Lands on Vestas’s Desk

Vestas has secured a firm order for the Nordlicht 1 offshore wind project in Germany, for which the Danish OEM will deliver 68 of its V236-15.0 MW wind turbines. The total order of 1,020 MW for Vattenfall’s wind farm that has a grid connection capacity of 980 MW includes an additional 40 MW to use [

about 1 year ago
Kaskasi offshore wind farm
Business & Finance

Norway’s Sovereign Wealth Fund Buys Into Large-Scale German, Danish Offshore Wind Projects

Norges Bank Investment Management (NBIM), which manages the international investments of the Norwegian sovereign wealth fund and Norges Bank’s foreign exchange reserves, is acquiring ownership in RWE’s Nordseecluster and Thor offshore wind farms, a 49 per cent stake in each. RWE said on 31 March tha

about 1 year ago
CIP Orders Fengmiao 1 Offshore Wind Turbines at Vestas
Business & Finance

CIP Orders Fengmiao 1 Offshore Wind Turbines at Vestas

Vestas has signed a firm order with Copenhagen Infrastructure Partners (CIP) for the Fengmiao 1 offshore wind project in Taiwan. For the 495 MW offshore wind farm off the coast of Taichung, Vestas will supply 33 V236-15.0 MW wind turbines and has also signed a long-term service agreement. This is Ve

about 1 year ago
Second MHI Vestas Deck Carrier En Route to Europe
Business & Finance

Fred. Olsen Ocean Sells Its Stake in United Wind Logistics

Fred. Olsen Ocean has entered into an agreement to sell its 50 per cent stake in United Wind Logistics (UWL) to United Heavy Lift. The Norwegian company, a wholly owned subsidiary of Bonheur ASA, acquired the 50 per cent ownership in UWL through the contribution of new equity in the amount of EUR 12

about 1 year ago
An aerial photo of Alpha Ventus
Business & Finance

EWE, RWE: ‘Alpha Ventus Is Not a Regular Offshore Wind Farm; Project Has More than Fulfilled Its Purpose’

Following news about the potential decommissioning of the 15-year-old Alpha Ventus, the consortium behind the first German offshore wind farm – comprising EWE (47.5 per cent), RWE (26.25 per cent) and Vattenfall (26.25 per cent) – pointed out that the 60 MW project should not be considered in the co

about 1 year ago
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