RWE has signed a joint business development agreement with Korea Western Power (KOWEPO) to build a 495 MW offshore wind project in South Korea. The Seohae offshore wind farm is located 45 kilometres off the coast of Taean County in South Korea’s Chungcheongnam Province. This is the first project for
Formosa 4, Synera Renewable Energy’s (SRE) third offshore wind project in Taiwan, received the establishment permit from the Energy Administration, Ministry of Economic Affairs, in late October. According to SRE, Formosa 4 is the first project to reach this milestone among all successful bidders in
The Low Carbon Contracts Company (LCCC), a UK government-owned company, has signed 130 contracts for a total of 9.58 GW of renewable energy generation, covering the projects that were successful in the country’s latest Contracts for Difference (CfD) Allocation Round 6 (AR6). AR6 secured a broad rang
Abu Dhabi-based Masdar, Saudi Arabia’s ACWA Power, and the State Oil Company of the Republic of Azerbaijan (SOCAR) have teamed up to explore the development of 3.5 GW of offshore wind projects in Azerbaijan. The companies have signed a memorandum of understanding (MoU) at COP29 in Baku, Azerbaijan.
Gazelle Wind Power (Gazelle) has secured a EUR 11.4 million funding round led by Indico Capital Partners to accelerate further the development of Nau Azul, the company’s 2 MW grid-connected demonstrator in Aguçadoura, Portugal. Other backers in the round included DST Group, August One, Wah Kwong, an
Glomar Offshore has been awarded a multi-year framework contract by TenneT for the supply of Emergency Response and Rescue Vessels (ERRVs) and Safety Standby Vessels (SSVs) in the German sector of the North Sea. Under the terms of the contract, Glomar Offshore will provide fully equipped ERRVs to en
During the opening day of the World Leaders Summit at COP29 in Baku, Azerbaijan, the UK’s Prime Minister Keir Starmer unveiled a new strategy aimed at motivating offshore wind developers to invest in the country’s industrial heartlands, coastal areas, and oil and gas communities. According to the go
Philippine renewable energy holding company Alternergy Holdings Corporation (ALTER) has acquired full ownership of three offshore wind projects in the Philippines which the company owned together with Shell. Through its subsidiary Alternergy Wind Holdings Corporation, Alternergy bought Shell’s 40 pe
ScottishPower has awarded Siemens Gamesa a turbine contract worth more than GBP 1 billion for its 960 MW East Anglia Two offshore wind farm in the UK. Under the contract, Siemens Gamesa will supply 64 of its flagship SG 14-236 DD wind turbines, which have a rotor diameter of 236 metres, for Scottish
Seatrium has revealed that its subsidiary has signed a Letter of Intent (LoI) with Penta-Ocean Construction (POC) to build a heavy lift vessel to serve the Japanese offshore wind market. Seatrium’s subsidiary signed a LoI with the Japanese company to carry out early engineering work for a 5,000-tonn
On 6 November, the European Investment Bank (EIB) approved the financing for the Bałtyk 2 and Bałtyk 3 offshore wind projects in Poland, being developed by Polenergia and Norway’s Equinor. According to a recent social media post by EIB vice president Teresa Czerwińska, the funds will be used to redu
The European Union and Taiwan have reached an understanding on a dispute at the World Trade Organization (WTO) that was initiated by the EU over Taiwan’s offshore wind auctions, more specifically, the requirements for domestic content. In July this year, the EU requested consultations at the WTO con
The World Bank Group, in collaboration with the Republic of Türkiye’s Ministry of Energy and Natural Resources, has launched an offshore wind roadmap for the country that outlines the potential for up to 7 GW of capacity to be installed by 2040. The Government of Türkiye has set a target of 5 GW ins
