Mitsubishi Corporation is reevaluating its offshore wind projects in Japan, planned to be built in the waters off the coasts of Akita Prefecture and Chiba Prefecture. The Japanese energy company said on 3 February it put the business plans for the projects under review “due to material changes in th
In 2032, 75 per cent of all electricity produced in the Netherlands will come from offshore wind as the country will continue powering ahead with permitting and deploying wind farms in its North Sea waters, even with the change of cabinet. This is according to Jan Vos, Chairman of NedZero, who discu
The German Federal Maritime and Hydrographic Agency (Bundesamt für Seeschifffahrt und Hydrographie; BSH) has issued the planning approval decision for the construction and operation of Iberdrola’s Windanker offshore wind farm in the Baltic Sea. On 31 January, the BSH handed over the planning approva
The Yunlin offshore wind farm, developed by Yunneng Wind Power in Taiwan, has reached full operation and is generating power at its designed capacity of 640 MW. Yunneng, a joint venture between Skyborn Renewables, TotalEnergies, Electricity Generating Public Company (EGCO Group), and Sojitz Corporat
The European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have entered into agreements with the Baltica 2 offshore wind farm developer(s) to provide a total of EUR 600 million in financing for the 1.5 GW Polish offshore wind project, EUR 400 million coming fr
Shell has decided to pause its involvement in the Atlantic Shores offshore wind project in the US, which received federal approval in October 2024, the company’s CFO said during a press call after Shell posted its Q4 2024 financial results on 30 January. In its report for the fourth quarter, Shell i
Rasmus Errboe, Ørsted’s current Deputy CEO and Chief Commercial Officer, has been named Group President and CEO and will assume the role held by Mads Nipper for the last four years on 1 February. “The renewable energy market has fundamentally changed since January 2021. The impacts on our business o
The Dutch Ministry of Climate and Green Growth is currently exploring which procedure to choose for the permitting of the Nederwiek II and Nederwiek III offshore wind sites that are planned to be put out to tender in 2026. The Ministry has now opened a market consultation period for wind farm develo
On 30 January, the German Federal Maritime and Hydrographic Agency (BSH) published a new Site Development Plan for offshore wind which paves the way to reaching the country’s targets of having 40 GW of offshore wind capacity in operation by 2035 and 70 GW by 2045. According to the new plan, Germany
Norway-headquartered DeepOcean has been awarded a subsea survey contract for the Bałtyk 2 and Bałtyk 3 offshore wind projects in Poland, which are jointly developed by Equinor and Polenergia. Under the contract, DeepOcean will carry out geophysical seabed surveys of the export and inter-array cable
Navantia UK has acquired the British shipbuilder Harland & Wolff and its operations across four sites: Belfast in Northern Ireland, Appledore in the South West of England, and Methil and Arnish in Scotland. The British subsidiary of the Spanish shipbuilder and offshore wind foundation manufacturer r
Ørsted and PGE Polska Grupa Energetyczna (PGE) have taken the final investment decision (FID) on the 1.5 GW Baltica 2, which is the first stage of the Baltica Offshore Wind Farm in the Polish Baltic Sea. Located approximately 40 kilometres off the Polish coast near Ustka, Baltica 2 has a 25-year inf
Vattenfall has signed a power purchase agreement (PPA) with LyondellBasell (LYB), one of the world’s largest plastic producers, for its Nordlicht 1 offshore wind farm in Germany. Under the PPA, LyondellBasell will buy 450 GWh of electricity generated by Nordlicht 1 each year for 15 years, starting i
The Maryland Public Service Commission (PSC) has awarded US Wind additional offshore wind renewable energy credits (ORECs) for the company’s projects off the Maryland coast, which now total 1.7 GW in generation capacity. The PSC announced on 24 January that it approved US Wind’s rebid application an
