On 3 February, Dominion Energy announced that the estimated total costs for the Coastal Virginia Offshore Wind (CVOW) project have increased by nine per cent. In addition, the developer said that the 2.6 GW wind farm is now approximately 50 per cent complete and remains on track for on-time completi
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
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
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
The first of three offshore substations for the Coastal Virginia Offshore Wind (CVOW) project has arrived at the Portsmouth Marine Terminal in the US. In 2021, a consortium including Semco Maritime and CS Wind Offshore (formerly Bladt Industries) secured a contract to supply three 880 MW substations
The first batches of high-voltage (HV) 220 kV and extra-high-voltage (EHV) 400 kV onshore cables have been delivered for the Bałtyk 2 and Bałtyk 3 offshore wind farms, which are being jointly developed by Equinor and Polenergia. Poland’s Tele-Fonika Kable (TFK) delivered the first 24 drums, with a t
CNOOD-Wenchong Heavy Industries (CWHI) and Inch Cape Offshore, a joint venture between ESB and Red Rock Renewables, have marked the first steel cutting for the transition pieces that will be installed at the 1.1 GW Inch Cape offshore wind farm. The transition pieces (TPs) will be manufactured at CWH
Pine Wind Power Co., Ltd (Pine Wind) has agreed to purchase a 26 per cent equity and debt stake in the 376 MW Formosa 2 offshore wind farm in Taiwan from Macquarie Asset Management. The proposed investment will be acquired through J&V Energy’s wholly owned subsidiary, Pine Wind, and will be supporte
ESB and Red Rock Renewables have reached a financial close on the 1,080 MW Inch Cape offshore wind farm in Scotland, and the project will now progress into its offshore construction phase. The Scottish offshore wind project has reached a financial close, securing a GBP 3.5 billion financing package
Grupa Przemysłowa Baltic Sp. z o.o. (GPB) has completed the construction of two offshore substation topsides for the 1.2 GW Baltic Power offshore wind farm in Poland’s Baltic Sea. Under a contract signed in 2023, GPB manufactured the two offshore substation topsides that will be installed at the Bal
