Navantia and InfraStrata have signed a Memorandum of Understanding (MoU) under which they plan to cooperate on offshore wind projects, among other things. Subject to completion of InfraStrata’s acquisition of Harland and Wolff (H&W), the deal envisages the usage of the UK shipyard’s assets for provi
UK-based onshore and offshore wind, wave and tidal energy companies are now exporting their products and services to 37 countries across six continents, a report published by RenewableUK shows. Using an illustrative sample of companies involved in the sector, “Export Nation” reveals that 47 UK firms
E.ON and RWE Renewables have signed a power purchase agreement (PPA) for more than 20 offshore and onshore wind farms in the UK. Under the 2.5-year agreement, E.ON buys around 3TWh of power annually from wind farms in the UK which are operated by RWE. The deal covers a capacity of 892MW of wind gene
The UK-based InfraStrata has opened a share sale to raise a minimum of GBP 6 million to finalize the purchase of Harland and Wolff from administrator BDO NI. InfraStrata revealed it is seeking to raise the amount through a placing of new Ordinary Shares by way of an accelerated bookbuild at 0.3 penc
Ørsted has allocated grants from the sixth round of its East Coast Community Fund, marking a milestone with the total funds awarded exceeding the million pound mark. The East Coast Community Fund was launched in December 2016 as part of Ørsted’s community engagement program for its Hornsea Project O
The Offshore Renewable Energy (ORE) Catapult has revealed plans to open a base of operations in Grimsby which would service the offshore wind sector. The announcement is part of ORE Catapult’s expansion plans in the Humber, which would create 50 to 70 jobs in the region in the next 10 years. With a
UK Export Finance (UKEF) has provided an NT$ 9.2 billion (GBP 230 million) project finance guarantee to support the construction of the Formosa 2 offshore wind farm in Taiwan. As a result of the support, UK companies will be involved in the construction of the 376MW wind farm, helping unlock the exp
Macquarie Infrastructure and Real Assets (MIRA) has reached an agreement with Siemens AG to acquire an additional 10 per cent stake in Gwynt y Môr offshore wind farm in the UK. MIRA has managed a 10 per cent stake in Gwynt y Môr since 2017 following Macquarie Group’s acquisition of the Green Investm
Australian engineering company Worley has entered the offshore wind operations and maintenance market through the acquisition of the UK-based 3sun Group Ltd . Worley acquired 100% of shares in the offshore wind energy installation, inspection and maintenance business for an enterprise value of GBP 2
Engineering consultancy Offshore Wind Consultants (OWC) is setting up an office in Edinburgh to support the Scottish offshore wind sector. “Scotland is home to many offshore wind development companies and is spearheading floating wind in the UK,” said Katherine Phillips, OWC’s UK country manager. ”F
Offshore Renewable Energy (ORE) Catapult has launched a new accelerator program focused on the commercialization of new technologies for the UK’s offshore wind supply chain. The Launch Academy is a national technology accelerator program designed to support innovative SMEs to commercialize technolog
Equinor is looking to develop the Dudgeon and Sheringham Shoal offshore wind extension projects as a single project with an integrated grid option. Equinor revealed the plan in the Scoping Report which supports a request for a formal Environmental Impact Assessment (EIA) Scoping Opinion from the Pla
Diamond Transmission Partners has signed an agreement with the owners of the Race Bank offshore wind farm to acquire the project’s transmission assets. Diamond Transmission Partners, a partnership of Diamond Transmission Corporation Ltd and HICL Infrastructure PLC, was selected as the preferred bidd
The Crown Estate has held a Bidders Information Day for the recently launched Offshore Wind Leasing Round 4. The event hosted more than 130 industry representatives who are potential participants in the Round 4 leasing round and their advisors. Participants were provided with details on the tender p
