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Business & Finance

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An areal photo of the WindFloat floating wind foundation at a dock
Business & Finance

Nine US Floating Wind Foundation Projects Win USD 1.6 Million from Department of Energy

The US Department of Energy (DOE) has selected nine floating wind foundation projects in Phase One of the FLoating Offshore Wind ReadINess (FLOWIN) Prize. Each project will receive USD 100,000 in funding and USD 75,000 in vouchers for technical support provided by DOE national laboratories. Skip to:

about 3 years ago
A photo of an Iberdrola worker facing an offshore wind farm
Business & Finance

Amazon and Iberdrola Sign Global Renewables Pact, First Stop Offshore Wind

Iberdrola and Amazon have announced a new global collaboration to support the development of large-scale renewable energy projects and leverage cloud computing technology to enhance digitalisation in the energy transition. Iberdrola and Amazon.com Inc. have agreed to collaborate on new wind and sola

about 3 years ago
Spanish Haizea to Operate Maryland’s Offshore Wind Monopile and Tower Factory
Business & Finance

Spanish Haizea to Operate Maryland’s Offshore Wind Monopile and Tower Factory

US Wind, the developer of the MarWin and Momentum Wind projects in Maryland, has partnered with the Spanish manufacturer of offshore wind monopiles and towers, Haizea Wind Group, to manage and operate Sparrows Point Steel, the state’s first permanent offshore wind factory. The new facility in Baltim

about 3 years ago
Leading Light Wind to Invest in Staten Island as Offshore Wind Hub
Business & Finance

Leading Light Wind to Invest in Staten Island as Offshore Wind Hub

Leading Light Wind, the American-led offshore wind project in the New York Bight, has announced three initiatives to establish Staten Island as a hub for the American offshore wind industry. The first initiative is a USD 900,000 partnership with CUNY College of Staten Island to develop the next gene

about 3 years ago
EnBW He Dreiht
Business & Finance

EnBW Clears He Dreiht Offshore Wind Farm for Takeoff, Sells Stake to Consortium

EnBW has made the final investment decision (FID) for the He Dreiht offshore wind project in the German North Sea, clearing the way for the start of construction of the company’s largest offshore wind farm to date, with an installed capacity of 960 MW. EnBW secured the contract in 2017 in the first

about 3 years ago
France Creates Largest European Sea Trial Center for Marine Renewables
Business & Finance

France Creates Largest European Sea Trial Center for Marine Renewables

The largest European center for sea trials entirely dedicated to floating wind power and marine renewable energies, called the OPEN-C Foundation, has been set up in France by major industry players. The creation of OPEN-C Foundation has been announced by 10 public and private founders including Ifre

about 3 years ago
A photo of an offshore wind farm
Business & Finance

BREAKING: JERA Buys Parkwind, Belgium’s Leading Offshore Wind Developer

Belgium’s Virya Energy has signed an agreement with JERA Green, an affiliate of Japan’s JERA, to sell 100 per cent of the shares of Parkwind, Virya Energy’s offshore wind energy platform. Closing of the transaction is expected later this year and is subject to the approval by the relevant competitio

about 3 years ago
Kincardine floating wind farm in Scotland; Photo source: Eni / Plenitude
Business & Finance

Simply Blue Eyes Floating Wind Opportunities Offshore NSW in New Consortium

Simply Blue Group, Subsea 7, and Australian developer Spark Renewables have formed a consortium to pursue floating offshore wind development off the coast of New South Wales (NSW), Australia, in the Hunter and Illawarra regions. The recently declared Hunter-Central Coast and Illawarra Renewable Ener

about 3 years ago
BW Ideol In Talks to Raise EUR 40 Million for Floating Wind Development
Business & Finance

BW Ideol In Talks to Raise EUR 40 Million for Floating Wind Development

Norway-headquartered BW Ideol and French state-owned investment company ADEME Investissement have agreed to enter into exclusive negotiations for EUR 40 million in funding by ADEME Investissement for BW Ideol’s project development activities. Under the agreed terms, BW Ideol will transfer its co-dev

about 3 years ago
Royal IHC Sells IQIP
Business & Finance

Royal IHC Sells IQIP

Dutch supplier of maritime technology, Royal IHC, has reached an agreement to sell its subsidiary, IQIP Holding, to HAL Investments. IQIP is active in the foundations and installations segments in the offshore wind market. The sale involves the transfer of 100 per cent of the shares of IQIP Holding

about 3 years ago
Vestas 15 MW
Business & Finance

Bosch Buys Subsidy-Free Offshore Wind Power

EnBW has signed a power purchase agreement (PPA) for 50 MW of power from the 900 MW He Dreiht offshore wind farm with the Stuttgart-based technology and services company, Robert Bosch GmbH (Bosch). The output is equivalent to around 200 gigawatt-hours of electricity per year. The power purchase agre

about 3 years ago
Outer Dowsing Corio Generation offshore wind
Business & Finance

Newly Launched Consortium Sets Sights on Norwegian Offshore Wind

Norwegian renewable energy developers Vårgrønn and Å Energi, together with UK-based Corio Generation have entered into a partnership dedicated to developing sustainable offshore wind in Norway. The consortium will operate under the Brigg Vind brand, which was launched in the lead-up to the first Nor

about 3 years ago
Lhyfe Buys Into Finnish Power-to-X Developer, Eyes Large Offshore Projects in Northern Europe
Business & Finance

Lhyfe Buys Into Finnish Power-to-X Developer, Eyes Large Offshore Projects in Northern Europe

France-based green hydrogen specialist Lhyfe has acquired a 49 per cent stake in Flexens, a Finnish renewable hydrogen and Power-to-X project developer. According to Lhyfe, the two companies will combine their expertise and commercial pipelines to accelerate current projects and identify new opportu

about 3 years ago
ST3 Offshore site in Szczecin, Poland
Business & Finance

BREAKING: Vestas Buys ST3 Offshore

Danish wind turbine manufacturer Vestas has acquired ST3 Offshore in the sixth tendering round since the Polish offshore steel foundations manufacturer declared bankruptcy. ”On March 20, in the court Sąd Rejonowy Szczecin-Centrum XII Wydział Gospodarczy w Szczecinie an auction for the purchase of ST

about 3 years ago
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