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Business & Finance

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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
PEAK Wind Fengmiao 1
Business & Finance

PEAK Wind to Manage Operations of CIP’s Offshore Wind Farm in Taiwan

PEAK Wind has entered into an operations management agreement (OMA) to oversee the operations of Copenhagen Infrastructure Partners’ (CIP) Fengmiao 1 offshore wind farm in Taiwan, which recently reached a financial close. The OMA is said to provide operational management, continuing to build up a st

about 1 year ago
Haizea Reports Record Profit for 2024
Business & Finance

Haizea Reports Record Profit for 2024

Haizea Wind Group ended 2024 with a 32 per cent higher revenue and a 211 per cent higher net profit compared to the previous year. The Spanish offshore wind tower and foundation manufacturer says it expects growth in 2025 as well, thanks to its order backlog and primarily the orders from Iberdrola,

about 1 year ago
Hexicon TwinWind Technology, Ingka
Business & Finance

Ingka, Oxan, and Avapa to Jointly Develop Two Italian Floating Wind Farms as Hexicon Sells Stake

Ingka Investment, the investment arm of Ingka Group, the biggest IKEA retailer, and France’s Oxan Energy have partnered with Avapa Energy on two floating offshore wind projects in Italy. The combined installed capacity of the Sicily South and Sardinia Northwest offshore wind farms could total 2.45 G

about 1 year ago
Marubeni Acquires Stake in Windward Offshore
Business & Finance

Marubeni Acquires Stake in Windward Offshore

Marubeni Corporation, through a wholly owned subsidiary, has acquired a 25.1 per cent stake in Windward Offshore, the Germany-based provider of offshore wind service vessels. Windward Offshore, established by Diana Shipping, Serafin and SeraVerse, RIVE Private Investment, Blue Star Group, and SeaRen

about 1 year ago
Nordlicht Vattenfall
Business & Finance

Vattenfall Reaches Final Investment Decision to Build Germany’s Largest Offshore Wind Farm

Vattenfall has made the final investment decision on the Nordlicht 1 and 2 offshore wind farms in the German North Sea, with the construction scheduled to begin in 2026. In addition, the Swedish utility has decided to repurchase the shares in the Nordlicht cluster that BASF acquired in 2024. The fin

about 1 year ago
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