Spanish energy company Iberdrola has signed a power purchase agreement (PPA) with Switzerland-headquartered Holcim for electricity generated at the Baltic Eagle offshore wind farm currently under construction in the German Baltic Sea. The newly agreed PPA will see Iberdrola provide Holcim with 250 G
Equinor will postpone a further development of the Trollvind offshore wind initiative off Norway indefinitely. The company said the decision was based on several challenges facing the project, including technology availability, rising costs, and a strained timetable to deliver on the original concep
Siemens Gamesa has agreed to sell a stake in Spain-based wind turbine tower manufacturer Windar Renovables to London-headquartered Bridgepoint. Founded in 2007 and headquartered in Avilés (Asturias), Windar Renovables operates ten manufacturing plants over five continents – seven of them located in
Japanese giants Marubeni Corporation, Sumitomo Corporation, and Sumitomo Electric Industries have committed to investing a total of GBP 14.2 billion (approximately EUR 16.3 billion) in offshore wind and green hydrogen projects, and the offshore wind supply chain in the UK. Ahead of the UK Prime Mini
Renewable energy developer European Energy and offshore wind company Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, have formed a long-term strategic partnership to jointly pursue offshore wind opportunities in the Baltic Sea within Lithuania, Estonia, and Latvia. The Baltic stat
Parkwind and ESB, the developers of the proposed Oriel Wind Farm in Ireland, plan to continue working towards the delivery of the project despite it not being awarded a contract in the country’s first offshore wind auction. The two companies join SSE Renewables, whose Arklow Bank II also did not win
Following Ireland’s Ministry for the Environment, Climate and Communications’ announcement of winners in the country’s first offshore wind auction, SSE Renewables, whose project did not secure a contract for renewable energy generation, said that it was still committed to the future delivery of its
Swedish developer OX2 has agreed with Ingka Investments to sell a 49 per cent stake in its three offshore wind projects in Finland with a total installed capacity of about 6,000 MW. The three projects are Halla, Laine, and Tyrsky located in the Gulf of Bothnia in the Finnish Exclusive Economic Zone.
The European Union has granted EUR 252,500 of funding, as part of its Connecting Europe Facility (CEF) policy, to assess the feasibility of a potential offshore wind farm in the Northern Adriatic Sea. The CEF Energy support will co-fund preparatory studies to help assess the feasibility of a potenti
ESB will acquire a 24.5 per cent interest in Northland Power’s ScotWind projects, the fixed-bottom offshore wind farm Spiorad na Mara and the floating wind project Havbredey. Northland will retain 75.5 per cent in each project and continue to lead their development, construction, and operation. The
Ireland’s Minister for Enterprise, Trade and Employment, Simon Coveney, has announced plans to develop a National Industrial Strategy for Offshore Wind which will set out how Ireland can maximise the economic opportunity arising from the production of offshore wind energy. Ireland’s Offshore Energy
Gazelle Wind Power, the developer of a hybrid modular floating offshore wind platform based in Ireland, has agreed to acquire a controlling stake in Spanish naval engineering and marine consulting firm Faustino Carceller, S.L. (F. Carceller). Gazelle says the acquisition will help accelerate the tec
Japan-based Shizen International, a Shizen Energy Group company, has entered into an agreement with South Korea’s INMARK Asset Management and DOHWA Engineering to form a joint venture that will develop energy storage, onshore renewables and offshore wind projects in South Korea. The joint venture, w
CNOOD Wechong Heavy Industries (CWHI) has completed Phase I construction of its XXXL monopile facility in Qinzhou Port, Guangxi, China. The new site will have an annual production capacity of 144 XXXL monopiles, which will have a maximum diameter of 15 metres and a maximum weight of 4,500 tonnes, de
