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Business & Finance

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Hywind Tampen
Business & Finance

FibreMax to Offer Global Supply Chain Solutions to Floating Offshore Wind Developers

Netherlands-based FibreMax has launched a comprehensive range of global supply chain solutions tailored to the needs of floating offshore wind technologies. The array of solutions provided by FibreMax, in collaboration with partners Avient Dyneema and Teijin Aramid, is broad, covering ample producti

about 2 years ago
Google Signs Its Largest Offshore Wind PPAs to Date
Business & Finance

Google Signs Its Largest Offshore Wind PPAs to Date

Google has signed corporate power purchase agreements (CPPAs) with Shell and Eneco for 478 MW of energy capacity at two offshore wind farms the partners jointly own in the Netherlands: Hollandse Kust Noord and Hollandse Kust West VI. Together with the existing power purchase agreements Google previo

about 2 years ago
Sapura Energy Faces EUR 50 Million Arbitration Claim Over Taiwanese Offshore Wind Exit
Business & Finance

Sapura Energy Faces EUR 50 Million Arbitration Claim Over Taiwanese Offshore Wind Exit

Malaysia-headquartered Sapura Energy Berhad (SEB) and its wholly-owned subsidiary Sapura Offshore Sdn. Bhd. (SOSB) have been served with a EUR 50 million arbitration claim from Yunneng Wind Power, the developer of the Yunlin offshore wind farm in Taiwan, over alleged contract breaches. The company a

about 2 years ago
Equinor Re-Bids Empire Wind 1 in New York; Rules Allow for Projects with Existing ORECs to Participate
Business & Finance

Equinor Re-Bids Empire Wind 1 in New York; Rules Allow for Projects with Existing ORECs to Participate

Equinor is bidding in the expedited offshore wind solicitation in New York with Empire Wind 1, the 810 MW project that already secured an Offshore Renewable Energy Credit (OREC) contract in 2019, as the rules of New York’s procurement provide for projects with existing ORECs to bid into the solicita

about 2 years ago
Amazon Books Over Half of Moray West Offshore Wind Capacity to Power UK Operations
Business & Finance

Amazon Books Over Half of Moray West Offshore Wind Capacity to Power UK Operations

Amazon has signed a corporate power purchase agreement (CPPA) for a total of 473 MW of Moray West offshore wind farm’s generation capacity to help power its operations when the project becomes operational later this year. The technology giant signed the CPPA with ENGIE, which owns the Moray West pro

about 2 years ago
A photo of the Rampion offshore wind farm off Brighton, UK, in sunrise
Business & Finance

Westwood: 40 Pct of Pre-FID Offshore Wind Projects Potentially at Risk

A new analysis from Westwood Global Energy Group found that nearly 40 per cent of the 380 GW of pre-sanctioned offshore wind projects that are expected to reach a final investment decision (FID) between 2024 and 2030 may be at risk. The offshore wind farms currently in the pre-FID stage, totalling 3

about 2 years ago
European-Energy-Moving-Ahead-with-Danish-Offshore-Wind-Pair
Business & Finance

European Energy Cancels Wind Project Offshore Denmark

The Danish company European Energy has decided to cease the development of the Omø Syd (Omø South) offshore wind project in Denmark. European Energy has been developing the Omø South offshore wind project for over ten years and had its environmental impact assessment (EIA) approved in 2020, together

about 2 years ago
Kaskasi RWE DHL PPA
Business & Finance

RWE and DHL Sign Offshore Wind Power Purchase Agreement

German logistics company DHL Group has signed a long-term power purchase agreement (PPA) with RWE Supply & Trading for electricity generated at the 342 MW Kaskasi offshore wind farm, located in the German North Sea. Under the ten-year agreement, DHL will be offtaking around 104 GWh of electricity pr

about 2 years ago
Ørsted Terminates Skipjack Wind Offtake Agreement Amid ‘Challenging Market Conditions’
Business & Finance

Ørsted Terminates Skipjack Wind Offtake Agreement Amid ‘Challenging Market Conditions’

Ørsted has unveiled that it is pulling out of an offtake agreement with the State of Maryland for its 966 MW Skipjack Wind offshore wind project in the US. Following consultation with the State of Maryland, Ørsted has withdrawn from the Maryland Public Service Commission Orders approving the Skipjac

about 2 years ago
Community Offshore Wind
Business & Finance

RWE and National Grid Answer New York Offshore Wind Call

Community Offshore Wind, a joint venture of RWE and National Grid Ventures, has submitted a proposal to the New York State Energy Research and Development Authority (NYSERDA) to develop 1.3 GW of new offshore wind capacity in response to New York’s expedited fourth competitive offshore wind solicita

about 2 years ago
BP and Equinor Part Ways in US
Business & Finance

BP and Equinor Part Ways in US

Equinor and BP have reached an agreement to restructure the ownership of their joint US offshore wind projects which, following completion, will result in BP taking ownership of Equinor’s 50 per cent stake in the Beacon Wind 1 and 2 projects and Equinor taking ownership of BP’s 50 per cent stake in

about 2 years ago
Californian Port to Get USD 400+ Million for Floating Wind Terminal
Business & Finance

Californian Port to Get USD 400+ Million for Floating Wind Terminal

The Humboldt Bay Harbor, Recreation, and Conservation District will receive USD 426.7 million to build a terminal that will serve the construction and maintenance of floating offshore wind farms. The grant is for the Humboldt Bay Offshore Wind MVP (Minimum Viable Port) project and was awarded by the

about 2 years ago
Singaporean Firm Becomes Majority Owner of UK Offshore Support Fleet Operator
Business & Finance

Singaporean Firm Becomes Majority Owner of UK Offshore Support Fleet Operator

Cyan Renewables, a Singapore-headquartered offshore wind vessel owner established in 2022 by investment management company Seraya Partners, has acquired a majority stake in Sentinel Marine to strengthen its position in the UK offshore wind market and boost its local content. Cyan Renewables has acqu

about 2 years ago
Humza Yousaf Scotland's First Minister
Business & Finance

Offshore Wind Projects Worth GBP 500 Million Move Forward in Scotland

Scotland’s First Minister Humza Yousaf has revealed that three offshore offshore wind projects have been invited to move to Stage 2 of the Strategic Investment Model (SIM) process. The announcement was made at the Scottish Renewables and Offshore Wind Conference in Glasgow. In addition, INTOG offsho

about 2 years ago
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