Energy UK has warned that the forthcoming Contracts for Difference (CfD) auction will fall well short of delivering the expansion of offshore wind needed to hit the UK government’s 2030 50 GW target. The CfD scheme has played a vital role in the UK’s world-leading expansion of clean energy, in parti
World’s leading offshore wind developer, Ørsted, has reported DKK 6.9 billion (EUR 926 million) operating profit (EBITDA) for the first quarter of 2023, DKK 2.5 billion less compared to the same period a year earlier. EBITDA excluding new partnerships in Q1 2023 was DKK 0.9 billion lower than Q1 202
Eight UK businesses have secured a share of a GBP 2 million grant competition from the Offshore Wind Growth Partnership (OWGP). Projects included a focus on condition monitoring of turbine blades and inter-array electrical cables and biofouling prevention on turbine ladders. Other projects are explo
Nexans Norway has secured NOK 2 billion (around GBP 155 million) in loan guarantees from Export Finance Norway (Eksfin) that will be used for a UK export cable contract. The transaction covers the export and installation of high-voltage subsea cables for the Moray West offshore wind farm off the coa
Haizea Wind Group has placed an order with Pemamek, a welding and production automation provider, for automation machinery for XXXL monopiles that will be produced at its facility in the Port of Bilbao. Pemamek will deliver its PEMA production systems designed specifically for thick, heavy structure
The following article is a guest post by Kristin Carman, PMP, REP – Offshore Project and Permit Manager DNV Energy USA, Inc. Offshore wind (OSW) development in the Gulf of Mexico (the Gulf) is an opportunity that has, arguably, received less focus than East and West Coast prospects, and one which so
UK energy market regulator Ofgem has received the application for an electricity interconnector license for the recently announced LionLink multi-purpose interconnector that will connect the UK and the Netherlands. The application was submitted by National Grid Lion Link Limited for a license that w
Spain-headquartered BlueFloat Energy and Greenvolt have joined forces to develop offshore wind projects in Portugal. According to the partners, Portugal holds great potential for offshore wind, which is now recognised by the national policymakers who seek to unlock the potential of this technology t
Norwegian oil and gas company Vår Energi has entered into a collaboration with a consortium consisting of Odfjell Oceanwind and Source Galileo to explore opportunities for floating offshore wind through a pilot project at a field located in the Barents Sea off Norway. Vår Energi disclosed the deal
Oceans of Energy has been awarded the contract for installing and operating offshore solar farm inside the Hollandse Kust Noord offshore wind park being developed by CrossWind, a joint venture between Shell and Eneco. This is set to be the first offshore solar farm in the world to be connected, inst
RWE and Northland Power have selected the Greek cable manufacturer Hellenic Cables as the preferred supplier of the inter-array cables for their up to 1.6 GW Nordseecluster development in the German North Sea, a cluster consisting of four offshore wind farm sites. Hellenic Cables will supply approxi
Moray West Offshore Wind Farm, owned by Ocean Winds and minority shareholder Ignitis Group, has secured GBP 2 billion of non-recourse project finance and reached financial close, the developers announced on 21 April and said this was the first project from the UK’s Contract for Difference (CfD) Allo
Ørsted and the infrastructure division of Spanish Acciona have signed a memorandum of understanding (MoU) to explore options for floating wind foundations, including using carbon-neutral materials and industrialising the fabrication of concrete foundations. Under the MoU, the two companies’ focus wi
RWE and Northland Power have selected Havfram Wind as the preferred supplier for the transport of wind turbines for their Nordseecluster development, a 1.6 GW offshore wind cluster comprising four offshore wind farm sites in the German sector of the North Sea. Starting in 2026, the Norwegian company
