In its annual results for 2023, RWE reported on last year’s financial performance and many of its offshore wind developments, but also on research projects related to the wake effect at offshore wind farms. Last year, RWE, together with various project partners, completed two wake-effect studies and
RWE has reported an adjusted EBITDA of nearly EUR 1.7 billion in its offshore wind segment for 2023, compared to EUR 1.4 billion for the previous fiscal year. The increase in earnings is due to the commissioning of new capacity and better wind conditions, according to the company. Electricity genera
Equinor has been granted authorisation from the US Federal Energy Regulatory Commission (FERC) to link the Empire Wind 1 offshore wind project directly into New York’s transmission system. Approved on 1 March, the Large Generator Interconnection Agreement (LGIA) executed between Equinor’s Empire Win
Thailand-based multinational conglomerate B. Grimm Power (BGRIM) has decided to expand its renewable energy business through investments in Nakwol Wind and Hanbit Wind, two offshore wind projects in South Korea that have a combined installed capacity of 740 MW. According to the CEO of BGRIM, Harald
The European Commission has cleared, under the EU Merger Regulation, the creation of a joint venture between Mitsui & Co., Osaka Gas, and a subsidiary of RWE AG, all three established in Japan, to develop a 684 MW offshore wind project in Japan. The Commission concluded that the notified transaction
All 21 wind turbines at Vattenfall’s Vesterhav Nord (North) offshore wind farm have delivered the first power and the 176 MW project is now connected to the Danish electricity grid. However, the blades on a single unit have been temporarily taken down for repairs after sustaining damage during the p
CrossWind, a joint venture between Shell and Eneco, has received a Project Certificate from the UK-headquartered Lloyd’s Register (LR) for the 759 MW Hollandse Kust Noord offshore wind farm in the Netherlands. LR was invited to provide an independent assessment of the project in accordance with the
Boskalis’s offshore energy division saw 50 per cent of its revenue coming from offshore wind in 2023, according to annual results the Dutch dredging and offshore construction specialist released on 7 March. Company-wide, Boskalis reported a 20 per cent increase in revenue and a 150 per cent higher n
The first geotechnical seabed surveys for TotalEnergies and SSE Renewables’ 500 MW Seagreen 1A offshore wind farm in Scotland have been completed. Phase two of the geotechnical works is expected to commence later this year and should take around two weeks to complete. Seagreen 1A lies adjacent to th
Corio Generation has signed a memorandum of understanding (MOU) with Power Generation Joint Stock Corporation 3 (EVNGENCO3), a subsidiary of Vietnam Electricity (EVN), to collaborate in preparing long-term strategies for offshore wind project development. The MOU between Corio, a portfolio company o
France-headquartered Nexans has completed the offshore export cable pull-ins for both offshore substation platforms at the 882 MW Moray West wind farm, located in the Moray Firth in the northeast of Scotland. The cable-laying vessel Nexans Aurora took advantage of a recent period of favorable weathe
Ailes Marines, an Iberdrola subsidiary, has achieved a milestone by initiating power production from half of the wind turbines at the 496 MW Saint-Brieuc offshore wind farm in France. The commissioning of the project is gradual and will continue until spring 2024, said the developer. Located 16 kilo
The rights to the gravity tripod offshore wind foundation developed by the UK company Offshore Wind Logistics and Construction (OWLC) have been put up for sale following an appointment of administrators who initiated an accelerated sale of the business. OWLC says its gravity tripod foundation can de
The UK government has revealed the budget of over GBP 1 billion (approximately EUR 1.2 billion) for this year’s Contracts for Difference (CfD) Allocation Round 6 (AR6) with the majority of it, GBP 800 million (around EUR 936 million), earmarked for offshore wind. The Department for Energy Security a
