Massachusetts’s electric distribution companies Eversource Energy, National Grid and Unitil have agreed to terminate their power purchase agreements (PPAs) for the Commonwealth Wind offshore wind farm at the request of the project developer, Iberdrola-owned Avangrid, which will pay USD 48 million in
Following the results of the latest German offshore wind auction, which went into the so-called negative bidding stage and ended up earning the State billions from the winning developers, WindEurope warned that this would be passed on to consumers and the supply chain, and called on the German gover
The European Climate, Infrastructure and Environment Executive Agency (CINEA) has approved a EUR 18.7 million co-funding for ELWIND, a 1 GW Latvia-Estonia cross-border offshore wind project. The co-funding is said to enable research to determine the environmental impact of the Latvian-Estonian ELWIN
Europe’s premier offshore energy event to feature an integrated conference area, Offshore Energy Pavilion, and more. Offshore Energy Exhibition & Conference (OEEC) 2023, the highly anticipated event for the offshore energy industry, is proud to announce the addition of an extra exhibition hall. The
Bedrock, the US-based developer of a portable autonomous underwater vehicle (AUV) for offshore wind surveys, has secured USD 25.5 million in a Series A funding round, bringing its total funding to date to USD 33.5 million and the technology a step closer to commercial use. The company says it will u
Copenhagen Infrastructure Partners (CIP) has reached the first close on its fifth flagship fund, Copenhagen Infrastructure V (CI V), at EUR 5.6 billion in capital commitments received. This puts the fund on track to reach its target size of EUR 12 billion, which would make this the world’s largest d
Stargate Hydrogen Solutions OÜ (Stargate) has been awarded a grant from the European Commission under the Horizon Europe programme to deliver an electrolyser that will be part of an offshore wind energy project aiming to demonstrate the complete green hydrogen value chain on the Canary Islands. Coor
BP, a global leader in the energy industry, has confirmed its participation at Offshore Energy Exhibition & Conference (OEEC) 2023. The company will join as one of the sponsors and exhibitors on what is already becoming a very exciting exhibition floor. Moreover, BP will take part in the OEEC progra
Nordic Capital has reached an agreement to sell Denmark-based Bladt Industries to the wind turbine tower manufacturer CS Wind. During the Nordic Capital ownership, the company completed a company-wide strategic pivot to focus solely on the growing offshore wind industry, becoming a pureplay renewabl
Nuveen Infrastructure has announced an investment that will see the company acquire a 15 per cent stake in the 731.5 MW Borselle 3 and 4 offshore wind farm in the Netherlands from Partners Group. The transaction will see the fund acquire 15 per cent of the 731.5 MW offshore wind project located 22 k
The Port of Esbjerg has entered into a cooperation agreement with PensionDanmark under which the port will receive DKK 5.8 billion (about EUR 779 million) for the construction of facilities for the production of offshore wind turbines. PensionDanmark has decided to invest up to DKK 7 billion (around
New Jersey Governor Phil Murphy has signed a bill that will ease Ørsted’s tax obligations related to the 1.1 GW Ocean Wind 1 project, the state’s first offshore wind farm and the largest so far approved for construction in the US. Atlantic Shores Offshore Wind, a joint venture between Shell and EDF
Sweden-based SeaTwirl has announced that it received its first commercial order for a new wind turbine application in the North Sea. Earlier this year, SeaTwirl announced that the company and Kontiki Winds signed a Memorandum of Understanding (MoU) to identify and explore opportunities to electrify
Barclays has committed GBP 95.5 million in loans to support the Moray West offshore wind farm, a project that aims to supply 50 per cent of Scotland’s electricity. Moray West, part of Ocean Winds portfolio, has secured a GBP 95.5 million loan from Barclays to support the next phase of the project’s
