Ørsted has signed an agreement with Eversouce to acquire the company’s 50 per cent share of the 924 MW Sunrise Wind offshore wind farm, a project that would deliver power to New York. The acquisition is subject to the successful award of Sunrise Wind in the ongoing New York fourth solicitation for o
TotalEnergies and European Energy have entered into a partnership to develop offshore wind projects in Denmark, Finland and Sweden. The tie-up will see TotalEnergies acquiring stakes in European Energy’s two Danish offshore wind farms and the partners bidding jointly in the upcoming tenders in Denma
The US State of Massachusetts has extended the deadline for submitting bids in its ongoing offshore wind energy solicitation until 27 March. Connecticut and Rhode Island, Massachusetts’s partner states under an agreement signed last year that allows for the procurement of multi-state offshore wind p
After winning development rights for the Liivi 2 site, Ignitis Renewables and Copenhagen Infrastructure Partners (CIP) have now also secured the second offshore wind area offered in Estonia’s first offshore wind tender, having placed the highest bid of EUR 1.16 million for the Liivi 1 site. The part
Inch Cape Offshore Wind Limited (ICOL) has signed capacity reservation agreements with Chinese manufacturers Dajin Offshore Heavy Industry (Dajin Offshore) and CNOOD-Wenchong Heavy Industries (CWHI) for XXL monopile foundations for the Inch Cape offshore wind farm. The agreements secure the supply,
US-based investment company, BlackRock, has agreed to buy compatriot independent infrastructure fund manager, Global Infrastructure Partners (GIP), in a USD 12.5 billion cash and shares deal. Under the deal, the world’s largest asset manager will take over GIP for USD 3 billion in cash and approxima
Australian Minister for the Environment and Water, Tanya Plibersek, has rejected the application for the Victorian Renewable Energy Terminal submitted by the Port of Hastings Corporation, which plans to establish the terminal at the Old Tyabb Reclamation Area (OTRA), located within an existing port
Japanese shipowner Mitsui O.S.K. Lines (MOL) has signed an agreement to form a capital alliance by acquiring most of the outstanding shares of its compatriot Hokutaku. According to MOL, Hokutaku is the largest third-party wind turbine maintenance company in Japan covering about 80 per cent of the ap
OX2 and its partner Ingka Investments have signed a cooperation agreement with the Swedish electric power distribution company, Ellevio, and submitted applications for connection of the Galene offshore wind farm in Sweden. The 400 MW Galene, the northern part of the 1.7 GW Galatea-Galene project, wi
Eversource Energy expects to record an impairment charge of between USD 1.4 billion and USD 1.6 billion related to three offshore wind projects in the United States the company owns in partnership with Ørsted. The New England utility is currently in the process of divesting its 50 per cent ownership
The offshore wind industry has faced significant headwinds in the past couple of years, with most of the negative effects tracing their origin back to the start of the COVID-19 pandemic and the geopolitical turmoil caused by Russia’s aggression against Ukraine. This has led to supply chain instabili
Iberdrola and the World Bank, through its private sector investment arm, the International Finance Corporation (IFC), have signed a EUR 300 million loan agreement to develop renewable energy projects in countries dependent on fossil fuels, including Morocco, Poland and Vietnam. IFC has already alloc
The Dutch offshore wind foundation manufacturer, Sif, has received a notice of termination of its Empire Wind 2 monopile contract from the joint venture owned by BP and Equinor, who have just terminated their Offshore Wind Renewable Energy Certificate (OREC) agreement for the 1,260 MW project with t
With the termination of the Offshore Wind Renewable Energy Certificate (OREC) agreement for the Empire Wind 2 offshore wind project, BP and Equinor have cancelled the contract for the project’s offshore substation (OSS) with the Singapore-based company Seatrium. As reported earlier today, 4 January,
