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Business & Finance

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A panel session at Offshore Energy Exhibition & Conference 2023 in Amsterdam
Business & Finance

OEEC 2024: A Lot to Talk About

In a little more than five years, renewable energy targets set for 2030 will come knocking on the door. Whether they will be reached, missed or overshot, depends on multiple factors, most of which concern policymakers and the energy sector itself. At the end of 2023, the EU increased the binding ren

about 2 years ago
IX Renewables TWD
Business & Finance

Dutch Companies Sign APAC Offshore Wind Agreement

Dutch engineering company, TWD, and its compatriot IX Renewables have signed a Memorandum of Understanding (MoU) to strengthen both companies’ presence in the offshore wind sector in the Asia-Pacific (APAC) region. Under the agreement, IX Renewables will focus on the management of offshore wind deve

about 2 years ago
The 12 MW Coastal Virginia Offshore Wind demonstration wind farm
Business & Finance

Dominion Energy and Stonepeak Finalise CVOW Offshore Wind Deal

Dominion Energy has closed on a transaction to sell a 50 per cent noncontrolling interest in the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project to Stonepeak. Dominion Energy will retain full operational control of the construction and operations of the offshore wind project, and Stonepeak will

about 2 years ago
CIP Forms Alliance with Stiesdal, Targeting Floating Offshore Wind Growth
Business & Finance

CIP Forms Alliance with Stiesdal, Targeting Floating Offshore Wind Growth

Stiesdal Offshore and Copenhagen Infrastructure Partners (CIP) have entered into a partnership to drive innovation and cost efficiency in floating offshore wind. According to the companies, the partners will work to establish Stiesdal Offshore as a long-term leader in the floating wind industry. As

about 2 years ago
Ocean Winds Eletrobras
Business & Finance

Ocean Winds, Latin America’s Largest Power Utility Company Join Forces on Brazilian Offshore Wind

Ocean Winds, a joint venture between EDP Renewables and ENGIE, and Eletrobras have signed a memorandum of understanding (MoU) to study the development of offshore wind in Brazil. The agreement was signed during a ceremony attended by Elio Wolff, Vice President of Strategy and Business Development of

about 2 years ago
Scottish Port Expands with New Site Acquisitions
Business & Finance

Scottish Port Expands with New Site Acquisitions

Scotland’s Montrose Port Authority (MPA) has decided to expand its offshore wind infrastructure by acquiring two new sites. MPA is set to embark on a major expansion with the acquisition of Montrose Commercial Park and the adjacent former Charleton Maternity Home site, increasing the port’s footprin

about 2 years ago
Copenhagen Energy to Fast-Track 4 GW Offshore Wind Projects in Philippines
Business & Finance

Copenhagen Energy to Fast-Track 4 GW Offshore Wind Projects in Philippines

PetroGreen Energy Corporation (PGEC) and Copenhagen Energy (CE)’s floating offshore wind projects in the Philippines have been awarded the Green Lane Certificate by the Philippine Board of Investments (BOI). According to CE, the certification is designed to streamline the process of securing future

about 2 years ago
Statkraft and Aker Come Together for Offshore Wind in Norway
Business & Finance

Statkraft Plans to Build 2.1 GW Offshore Wind Farm in Sweden

Statkraft has submitted a planning application to the Swedish Ministry of Climate and Economic Affairs for the 2.1 GW Baltic Offshore Delta North offshore wind farm in the Baltic Sea. The proposed offshore wind farm includes up to 105 turbines in an area far out at sea to ensure low to no visibility

about 2 years ago
Hellenic Cables Lands Inter-Array Deal for US Offshore Wind Project
Business & Finance

Hellenic Cables Lands Inter-Array Deal for US Offshore Wind Project

Greece’s Hellenic Cables, the cable segment of Cenergy Holdings, has signed a partnership agreement with Leading Light Wind, one of the largest offshore wind farms in the US, to supply some of the project’s inter-array cables. Under the agreement, Hellenic Cables will supply 65 kilometres of 132 kV

about 2 years ago
The 12 MW Coastal Virginia Offshore Wind demonstration wind farm
Business & Finance

Dominion Energy Plans to Add 3.4 GW of New Offshore Wind

In its 2024 Integrated Resource Plan (IRP) filed with the Virginia State Corporation Commission (SCC) and the North Carolina Utilities Commission (NCUC), Dominion Energy Virginia laid out multiple portfolio options to meet rising power demand through investments in new power generation, including of

about 2 years ago
TÜV SÜD Amprion BorWin4 DolWin4
Business & Finance

Amprion Selects Owner’s Engineer for BorWin4 & DolWin4 Converter Platforms

German transmission system operator (TSO) Amprion has selected TÜV SÜD as the Owner’s Engineer to supervise the construction of the converter platforms for the BorWin4 and the DolWin4 offshore grid connection systems. The contract covers overseeing the fabrication of the platforms’ individual compon

about 2 years ago
Tahkoluoto, Finland's first commercial offshore wind farm.
Business & Finance

Etha, Sitowise, and Pondera Partner on Finnish Offshore Wind

Etha, Sitowise, and Netherlands-based Pondera have joined forces to advance Finnish offshore wind projects, providing a range of services throughout the project lifecycle. Sitowise, a building and infrastructure construction consultancy company, has experience with environmental studies, constructab

about 2 years ago
Siemens Gamesa Doosan Bandibuli
Business & Finance

Equinor’s South Korean Floating Wind Farm to Feature Siemens Gamesa 15 MW Turbines

Siemens Gamesa will deliver 15 MW turbines for the 750 MW Bandibuli (Firefly) floating offshore wind project in South Korea, with plans for nacelles to be assembled locally as part of an agreement. Doosan Enerbility has signed a memorandum of understanding (MoU) with Siemens Gamesa and Equinor for c

about 2 years ago
Wind turbines reaching above clouds
Business & Finance

Ignitis Looks to Partner for Lithuania’s Upcoming Offshore Wind Tender

Ignitis Group has decided to participate in Lithuania’s second tender for the rights to develop around 700 MW of offshore wind capacity in the Baltic Sea and will launch a partner selection process for up to 49 per cent ownership. The tender is planned to be launched on 18 November 2024. The winner

about 2 years ago
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