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Business & Finance

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BRANDED CONTENT
Gone with the Wind: Overcoming Europe’s Offshore Project Obstacles
Business & Finance

Gone with the Wind: Overcoming Europe’s Offshore Project Obstacles

Offshore wind will be key to the EU’s ambitious plans to double its share of renewables, but challenges including grid connections and supply chain issues may hinder the rapid progress required to achieve this target. Michel Maaskant, Sector Sales Specialist for Offshore Renewables at Aggreko, explo

about 1 year ago
Etermar Baltica 2
Business & Finance

Portuguese Company Secures First Offshore Wind Contract for 1.5 GW Baltica 2

Etermar Energia has been awarded a contract by Ørsted and PGE Polska Grupa Energetyczna (PGE) for the delivery of secondary foundation structures for the 1.5 GW Baltica 2 offshore wind farm in Poland. The contract, which marks Etermar Energia’s first major deal in the offshore wind industry, include

about 1 year ago
New Platform that Can ‘Identify Suspicious Activities’ Launches to Safeguard On- and Offshore Cables
Business & Finance

New Platform that Can ‘Identify Suspicious Activities’ Launches to Safeguard On- and Offshore Cables

Denmark-headquartered power cable manufacturer and installation company NKT has launched an integrated monitoring platform to safeguard offshore and onshore cables and support their continuous operation by identifying and mitigating potential threats, including fishing accidents and deliberate damag

about 1 year ago
A photo of TenneT's SylWin1 offshore grid platform in Germany
Business & Finance

TenneT Awards Retrofit Contract for German Offshore Converter Station

Bluestream Offshore, a subsidiary of OEG Energy, has been awarded a contract by transmission system operator (TSO) TenneT for the retrofit installation of a corrosion protection system on the SylWin alpha offshore converter station for the SylWin1 offshore grid connection in Germany. The award is fo

about 1 year ago
An aerial photo of the Buss Terminal in Eemshaven
Business & Finance

Buss Ports to Further Upgrade Heavy-Duty Offshore Wind Terminal in Eemshaven

Buss Terminal Eemshaven (BTA), in collaboration with Groningen Seaports (GSP), is set to undertake a new upgrade to further strengthen the heavy-duty quay capacities at Eemshaven’s Buss Terminal to support the offshore wind energy sector in the North Sea. Through the project, named WINdQUAY and co-f

about 1 year ago
Electrolysis Project Delays May Postpone COD for Lithuania’s First Offshore Wind Farm
Business & Finance

Electrolysis Project Delays May Postpone COD for Lithuania’s First Offshore Wind Farm

Ignitis Group, whose company Ignitis Renewables is developing Lithuania’s first offshore wind farm, says the commercial operation date (COD) for the 700 MW project could be postponed as large-scale electrolysis projects across Europe face delays, reducing power offtake visibility. The company, in a

about 1 year ago
Fengmiao 1 First Taiwan Round 3 Offshore Wind Project to Reach Financial Close
Business & Finance

Fengmiao 1 First Taiwan Round 3 Offshore Wind Project to Reach Financial Close

Copenhagen Infrastructure Partners (CIP), through its fund Copenhagen Infrastructure V (CI V), has reached financial close on the 495 MW Fengmiao 1 offshore wind project in Taiwan, which will feature Vestas 15 MW turbines. Fengmiao 1 has secured approximately TWD 103 billion (about USD 3.1 billion)

about 1 year ago
Enersea IX renewables
Business & Finance

Dutch Companies Strengthen Offshore Wind Ties

The Dutch company, Enersea, and its compatriot, IX Renewables, have signed a Memorandum of Understanding (MoU) to enhance collaboration in the offshore wind sector. This partnership will improve client services by combining IX Renewables’ management capabilities with Enersea’s engineering excellence

about 1 year ago
Taiwanese Semiconductor Company to Get Power from CIP’s Fengmiao 1 Offshore Wind Farm
Business & Finance

Taiwanese Semiconductor Company to Get Power from CIP’s Fengmiao 1 Offshore Wind Farm

Denmark’s Copenhagen Infrastructure Partners (CIP) has signed a Power Purchase Agreement (PPA) with MediaTek, a Taiwanese semiconductor company, for the Fengmiao 1 offshore wind farm. Under the agreement, MediaTek will purchase power from the 500 MW Fengmiao 1 offshore wind farm, being developed by

about 1 year ago
A visualization of Bibby Marine's electric CSOV at sea
Business & Finance

Cammell Laird to Study Market Opportunities for UK-Built SOVs

The Offshore Renewable Energy (ORE) Catapult, in partnership with the National Shipbuilding Office and The Crown Estate, has appointed Cammell Laird, part of APCL Group, to carry out a detailed analysis of the future market opportunity for UK-built service operation vessels (SOVs) for offshore wind.

about 1 year ago
Enshore Inch Cape
Business & Finance

UK Company Wins Inch Cape Export Cable Installation Gig

UK-headquartered Enshore Subsea has secured an export cable installation contract for one of Scotland’s largest offshore wind projects, the 1.1 GW Inch Cape. The Inch Cape offshore wind farm will feature two 85-kilometre, 220 kV, three-phase export cables, each delivered in three sections and requir

about 1 year ago
RWE London Array
Business & Finance

RWE Signs Long-Term PPA for 630 MW UK Offshore Wind Farm

RWE has signed a ten-year Power Purchase Agreement (PPA) with Telehouse International Corporation Europe for its 630 MW London Array offshore wind farm in the UK. Under the agreement, RWE will supply renewable energy to Telehouse’s London Docklands campus until the end of 2035. “Thanks to this PPA w

about 1 year ago
CIP and Taiwanese Telecom Company Sign Fengmiao 1 Power Deal
Business & Finance

CIP and Taiwanese Telecom Company Sign Fengmiao 1 Power Deal

Copenhagen Infrastructure Partners (CIP), through its Flagship Fund V (CI V), has signed a corporate power purchase agreement (CPPA) with Far EasTone Telecommunications for the Fengmiao 1 offshore wind project in Taiwan. “This collaboration marks a significant step toward sustainable transformation

about 1 year ago
OES Group to Protect Inch Cape Monopile Foundations
Business & Finance

OES Group to Protect Inch Cape Monopile Foundations

Inch Cape Offshore Limited (ICOL), a joint venture between ESB and Red Rock Renewables, has awarded a contract to OES Group to supply 54 external and internal Impressed Current Cathodic Protection (ICCP) systems to protect the offshore wind project’s monopile and transition piece foundations. The IC

about 1 year ago
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