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Business & Finance

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Triton Knoll Electrical Work to Begin End of March
Business & Finance

Triton Knoll Electrical Work to Begin End of March

The key works to connect the onshore and offshore electrical circuits of the Triton Knoll offshore wind project are set to start at the end of March, according to the project developer. The activities will take place at the project’s landfall location north of Anderby Creek, the UK, and will include

about 7 years ago
Partners Group Enters Greenlink Interconnector Project
Business & Finance

Partners Group Enters Greenlink Interconnector Project

Partners Group has provided equity financing for the 500MW Greenlink Interconnector, the subsea connection set to be built between Ireland and Great Britain. Greenlink has so far been developed by Element Power, which, together with funds managed by Hudson Sustainable Investments, is the other major

about 7 years ago
North East England Ready for UK Sector Deal
Business & Finance

North East England Ready for UK Sector Deal

North East England’s supply chain is “fit and ready” to support the growth of offshore wind that the new UK Sector Deal will bring, according to Energi Coast. Energi Coast Chairman and Tekmar Group CEO, James Ritchie, stated that the Sector Deal is a significant step forward in creating a sustainabl

about 7 years ago
Vattenfall: Offshore Wind to Be Backbone of UK Energy System by 2030
Business & Finance

Vattenfall: Offshore Wind to Be Backbone of UK Energy System by 2030

Offshore wind will be the backbone of a carbon neutral, climate-friendly UK economy and the new Sector Deal sets out that opportunity, according to Vattenfall’s UK Country Manager Danielle Lane. Lane claims the Sector Deal underlines the importance of ensuring the UK sees the benefit of its Clean Gr

about 7 years ago
ScottishPower Going After More UK Offshore Wind
Business & Finance

ScottishPower Going After More UK Offshore Wind

ScottishPower is actively pursuing future offshore wind projects in England and Scotland as part of its GBP 6 billion investment plan, to ensure one third of the UK’s electricity can be produced by wind by 2030. The energy company said it plans to engage with The Crown Estate and The Crown Estate Sc

about 7 years ago
Norfolk and Suffolk Named UK Leading Offshore Wind Centre
Business & Finance

Norfolk and Suffolk Named UK Leading Offshore Wind Centre

Norfolk and Suffolk have been named as the UK’s leading centre for offshore wind with the launch of a new cluster in conjunction with the release of the UK’s Offshore Wind Sector Deal. The Norfolk and Suffolk Offshore Wind Cluster is expected to help create thousands of new jobs and unlock investmen

about 7 years ago
BiFab Wins Moray East Contract
Business & Finance

BiFab Wins Moray East Contract

BiFab has won a contract by GeoSea to produce piles worth up to GBP 26.5 million for the 950MW Moray East offshore wind project. The contract represents the first in less than a year since DF Barnes, a subsidiary of the Canadian JV Drive, acquired BiFab. According to DF Barnes, the win will create 8

about 7 years ago
UK Launches Offshore Wind Sector Deal, Commits to 30GW by 30
Business & Finance

UK Launches Offshore Wind Sector Deal, Commits to 30GW by 30

The UK has launched the new joint government-industry Offshore Wind Sector Deal which will see offshore wind reach the connected capacity of 30GW and deliver one-third of the UK’s electricity by 2030. Under the new deal, the number of jobs in the industry is expected to rise to 27,000 by 2030, up fr

about 7 years ago
UK Offshore Wind Sector Deal Out Thursday
Business & Finance

UK Offshore Wind Sector Deal Out Thursday

The UK’s new Offshore Wind Sector Deal will be issued on Thursday, 7 March, the Department for Business, Energy & Industrial Strategy said. As reported earlier, the new Sector Deal has established a target of reaching the connected offshore wind capacity of 30GW and delivering one-third of the UK’s

about 7 years ago
UK Offshore Wind Well Positioned to Weather Hard Brexit – Report
Business & Finance

UK Offshore Wind Well Positioned to Weather Hard Brexit – Report

Offshore wind is well positioned to play a major role in the long term UK energy mix even in the case of hard Brexit, according to a joint report by Wood Mackenzie and Verisk Maplecroft. With more than 19GW of new capacity forecast by 2028, a hard Brexit is expected to have limited impact on this [&

about 7 years ago
Race Bank Powers UK’s First Offshore Wind Corporate PPA
Business & Finance

Race Bank Powers UK’s First Offshore Wind Corporate PPA

Ørsted has signed a long-term agreement with Northumbrian Water that will see the water company take almost a third of its renewable energy demand from Race Bank offshore wind farm. The 10-year deal is the first Power Purchase Agreement (PPA) of its kind in the UK and is an expansion of a renewable

about 7 years ago
Pacific Orca Wades Deep Into Beatrice
Business & Finance

Pacific Orca Wades Deep Into Beatrice

Swire Blue Ocean’s jack-up vessel Pacific Orca is installing the 64th turbine of the 588MW Beatrice offshore wind farm at a record location. Swire Blue Ocean said the location holds two records for the company as it represents the furthest north spot and the deepest installation with approximately 5

about 7 years ago
Ørsted to Power Air Products’ UK Sites
Business & Finance

Ørsted to Power Air Products’ UK Sites

Ørsted has entered into a partnership with Air Products to provide renewable electricity to the company’s production sites in the UK. Under the agreement, Ørsted will supply electricity from 11 of its offshore wind farms to all the Air Products’ UK production sites which supply merchant customers wi

about 7 years ago
Shell Keen On UK Offshore Wind Despite Looming Brexit – Reuters
Business & Finance

Shell Keen On UK Offshore Wind Despite Looming Brexit – Reuters

Shell is interested in entering the UK offshore wind market, Mark Gainsborough, executive vice president at Shell New Energies, told Reuters. The company plans to crack the UK offshore wind market through either acquiring a share in an existing project, acquiring an entire project, or by securing se

about 7 years ago
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