UK-headquartered 2H has been awarded a four-year integrity management (IM) contract for the 882 MW Moray West offshore wind farm in Scotland. The contract’s scope covers IM for all balance of plant (BoP) equipment, including the wind turbine’s monopile foundations and tower structures, inter-array a
The European Investment Bank (EIB) has committed to providing a EUR 1.2 billion loan to support RWE’s development of the 1 GW Thor offshore wind farm in Denmark. According to EIB, the loan will help finance monopile foundations, turbines, inter-array cabling, an offshore converter station, export ca
Vattenfall and BASF have signed supply and service contracts with Vestas for 15 MW wind turbines in the Nordlicht offshore wind project in Germany. Out of the 112 turbines, 56 will partly be fabricated with low-emission steel, significantly reducing the carbon footprint of the towers, according to t
The Titan Group has made the final investment decision (FID) to build a production facility for XXXL monopiles in Cuxhaven, Northern Germany. Up to EUR 300 million will be invested in the company, with production to ramp up next year. Titan Group said that more than 600 jobs will be created by the p
OX2 and Varberg Energi have agreed in principle for Varberg Energi to procure renewable electricity from the Galene offshore wind farm located near Varberg, Sweden, as well as from OX2’s solar project in the vicinity. The long-term goal of the agreement is for the companies to enter into a Power Pur
Denmark’s Cadeler has signed a firm contract with Inch Cape Offshore Limited, a joint venture between Red Rock Power Limited and ESB, for the installation of 72 Vestas 15 MW wind turbines at the 1.1 GW offshore wind farm in Scotland. The contract value is projected to fall within the range of EUR 11
Norway’s Deep Wind Offshore has been named the winner of an auction for the development of an offshore wind farm in the Saare 2.1 area in Estonia. The only bid was submitted by Deep Wind Offshore in the amount of EUR 2,457,000, which was also the starting price of the auction, according to Estonia’s
California-based floating wind technology developer, Aikido Technologies, has secured USD 4 million (approximately EUR 3.7 million) in seed funding to advance its platform technology and establish pilot projects. The financing was led by Azolla Ventures with participation from Propeller Ventures, Sa
Principle Power and South Korea’s HSG Sungdong have agreed to a non-exclusive Memorandum of Understanding (MoU) to jointly advance engineering efforts for the scalable production and assembly of WindFloat technologies. According to Principle Power, the agreement furthers the development of a sustain
India’s Union Cabinet has approved the viability gap funding (VGF) scheme for offshore wind energy projects totalling Rs. 7453 crores (approximately EUR 833 million). This includes about EUR 765 million for the installation and commissioning of 1 GW of offshore wind projects – 500 MW each off the co
Global energy consultancy Xodus has established a new dedicated offshore renewables engineering arm, named Evolv Energies, to strengthen its capabilities in the offshore markets. Evolv Energies has been created to deliver broader engineering services as the development of renewables projects ramp up
Singapore-based Mooreast has revealed that its wholly-owned subsidiary, Mooreast Asia, intends to acquire a 98,919 square metres facility from a subsidiary of Seatrium, quadrupling its production capacity in Singapore to serve the floating offshore renewable sector. Mooreast expects to complete the
A consortium made up of investment funds belonging to Australia-headquartered Macquarie Asset Management and Spring Infrastructure Capital has reached an agreement to divest a 37.5 per cent stake in the 573 MW Race Bank offshore wind farm in the UK to Norges Bank Investment Management. The stake was
Danish wind turbine manufacturer Vestas has awarded its compatriot Maersk a contract for transporting the extra heavy powertrains of its largest ever-built wind turbine V236. The heart piece of the 15 MW wind turbine weighs 260 tonnes alone and will be installed in the nacelle in Vestas’ factory in
