The European Investment Bank’s (EIB) board of directors has approved a EUR 5 billion package of counter-guarantees to help improve access to finance for wind energy equipment manufacturers. The counter-guarantee scheme, which is part of the European Wind Power Package, was announced on 13 December.
System integration is what is needed for the next leap in offshore wind, however, not all technologies that can integrate with offshore wind farms have the same starting point. Floating solar still has some way to go in becoming more resilient to harsh offshore conditions. On the other hand, hydroge
Vattenfall has signed a contract with SeAH Wind to provide the monopiles for the 2.8 GW Norfolk Vanguard East and Norfolk Vanguard West offshore wind farms in the UK. The monopiles for the Norfolk Vanguard offshore wind farms will weigh up to around 2,200 tonnes and have a length of up to 96 metres.
Ignitis Renewables, a subsidiary of the Lithuanian Ignitis Group, and Copenhagen Infrastructure Partners (CIP) have secured the first of the two sites the Estonian government is auctioning off for offshore wind development by placing a EUR 1.7 million bid. The tender for the Liivi 2 area took place
Wood Thilsted (WT) has been appointed by Ocean Winds to complete the preliminary foundation designs for the BC-Wind offshore wind farm in Poland as FEED and detailed design wind turbine foundation designer. Wood Thilsted has previously led the foundations concept design, evolving the project’s under
Norway’s Havfram Wind has signed a contract with RWE for the transportation and installation of wind turbines for the Nordseecluster development, an up to 1.6 GW offshore wind cluster comprising four offshore wind farm sites in the German sector of the North Sea. Under the contract, Havfram Wind wil
BW Ideol and Associated British Ports (ABP) have signed a memorandum of understanding (MOU) that will see the manufacturer of concrete floating wind foundations and ABP investigating the feasibility of serial production at Port Talbot. The MOU has been signed in preparation for the Celtic Sea leasin
Norway’s VARD has secured a contract worth over USD 200 million to deliver a highly customized hybrid power cable lay and construction vessel to what it says is a leading Japanese construction company. The contract was signed with Toyo Construction, a Japanese general construction company that opera
The European Commission has given France the green light to support the construction and operation of two floating offshore wind farms in the Gulf of Lion with EUR 4.12 billion, which will be awarded through a tender the French government is expected to launch next year. Developers of the two floati
On 29 November, New Jersey Governor Phil Murphy directed the New Jersey Board of Public Utilities (NJBPU) to launch the fourth offshore wind solicitation in early 2024. New Jersey’s fourth solicitation project awards are expected in early 2025. The Governor’s action reaffirms the State’s commitment
Belgium-headquartered offshore wind contractor DEME and Greek renewable energy developer FARIA Renewables have signed a cooperation agreement that could see the two companies jointly developing offshore wind farms in Greece. FARIA Renewables, established this summer, aims to have an offshore wind an
Equitix and Tokyo-based TEPCO Power Grid (TEPCO PG) have reached financial close on the approx. GBP 600 million Triton Knoll Offshore Electricity Transmission (OFTO) project. The Triton Knoll OFTO Transmission Assets include two offshore substations, two 220 kV subsea export cable circuits (approxim
Fashion companies, BESTSELLER and H&M Group have pledged to invest in the first utility-scale offshore wind project off the coast of Bangladesh, which is being developed by Copenhagen Infrastructure Partners (CIP) together with local partner Summit Power. The announcement was made Tuesday at the ong
Ørsted has completed the divestment of 50 per cent of its 253 MW Gode Wind 3 offshore wind farm in Germany to funds managed by Glennmont Partners from Nuveen. The two companies signed an agreement for the 253 MW offshore wind project in October this year. The Gode Wind 3 offshore wind farm was award
