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Business & Finance

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A photo of the Moray East offshore wind farm in Scotland
Business & Finance

Inpex Back at Mitsubishi for Another Offshore Wind Stake Acquisition

Japan’s Inpex Corporation has acquired a 16.7 per cent stake in the 950 MW Moray East offshore wind farm. Moray East is located approximately 22 kilometers off the Moray East coast of Scotland in the United Kingdom. The wind farm has been in operation since April 2022. The acquisition was enabled th

about 3 years ago
Belgians to Start Building World’s First Artificial Energy Island Next Year (VIDEO)
Business & Finance

Belgians to Start Building World’s First Artificial Energy Island Next Year (VIDEO)

Belgian offshore construction companies Jan De Nul and DEME, through their consortium TM EDISON, have won the tender for the construction of the Princess Elisabeth Island in their home country, which will be the first artificial energy island in the world. The artificial island, which will be built

about 3 years ago
RWE & Northland Power Opt for Vestas 15 MW Turbines for 1.6 GW Offshore Wind Development in Germany
Business & Finance

RWE & Northland Power Opt for Vestas 15 MW Turbines for 1.6 GW Offshore Wind Development in Germany

RWE and Northland Power have selected Vestas as the preferred supplier and the company’s 15 MW turbine model as the technology of choice for their Nordseecluster offshore wind projects in Germany. Nordseecluster is planned to have a total capacity of up to 1.6 GW across four offshore wind farm sites

about 3 years ago
Maine Issues Offshore Wind Roadmap
Business & Finance

Maine Issues Offshore Wind Roadmap

The Governor of Maine’s Energy Office has released the Maine Offshore Wind Roadmap, a stakeholder-driven comprehensive plan that is said to offer detailed strategies for Maine to realize economic, energy, and climate benefits from offshore wind, in conjunction with communities, fisheries, and wildli

about 3 years ago
Northland Power Moves Forward with South Korean Offshore Wind Projects
Business & Finance

Northland Power Moves Forward with South Korean Offshore Wind Projects

Canada-headquartered Northland Power has secured two Electricity Business Licenses (EBLs) for its 1,000 MW Dado and 600 MW Bobae offshore wind projects in South Korea. The Dado offshore wind project was awarded EBL for 900 MW of the 1,000 MW capacity, providing exclusivity on the leases for the proj

about 3 years ago
A close-up of NKT's HVDC subsea power cable
Business & Finance

Taiwan to Get Its First Subsea Power Cable Factory in 2027

First steps have been made towards building the first subsea power cable factory in Taiwan to support its growing offshore wind sector as the cable manufacturer NKT and Taiwan’s conglomerate Walsin Lihwa announced they were establishing a joint venture. The factory, which will specialise in the prod

about 3 years ago
Offshore Wind Shines Bright for Fugro Yet Again
Business & Finance

Offshore Wind Shines Bright for Fugro Yet Again

Fugro has reported a revenue of EUR 1.76 billion for the whole year of 2022, representing a 14.8 per cent growth in comparison to 2021, said to be due to a 42 per cent increase in offshore wind. Infrastructure and oil & gas were also up, with 7 per cent and 9 per cent respectively. […]

about 3 years ago
Upper part of jacket foundation being loaded out by a crane, with another one standing in the background
Business & Finance

Nervion Buys Siemens Gamesa’s Factory in Spain to Build Offshore Wind Foundations

Nervion Naval Offshore, a subsidiary of the Spanish Amper Group, has bought the factory that Siemens Gamesa had built in As Somozas, A Coruña, for wind turbine blade production. The Bilbao-based company plans to open a fabrication facility for jacket and floating offshore wind foundations there as s

about 3 years ago
Aerial view of Burntisland Fabrications Ltd ( BiFab) yard at Methil in Fife, Scotland, UK
Business & Finance

Saipem and Harland & Wolff Terminate Offshore Wind Contract

UK ship repair, shipbuilding, and offshore construction company, Harland & Wolff, has terminated a contract with Saipem for the manufacture and delivery of jacket foundations for the 450 MW Neart na Gaoithe wind farm offshore Scotland. As previously reported, Saipem contracted Harland & Wolff to man

about 3 years ago
AceOn’s Green Hydrogen CTV Project Gets GBP 4.6 Million Grant
Business & Finance

AceOn’s Green Hydrogen CTV Project Gets GBP 4.6 Million Grant

A clean energies project, led by the UK battery specialist AceOn, has been awarded a GBP 4.6 million grant to develop battery and hydrogen technology to power marine vessels used for servicing offshore wind turbines. The RESTORE project, which is planned to start in April 2023, aims to replace fossi

about 3 years ago
TotalEnergies and Corio to Jointly Develop Formosa 3 as JERA Bows Out
Business & Finance

TotalEnergies and Corio to Jointly Develop Formosa 3 as JERA Bows Out

TotalEnergies and Corio Generation have signed a joint venture partnership to develop the Formosa 3 offshore wind farms in Taiwan. Under this agreement, Corio will remain the majority shareholder and lead developer with 50 per cent plus ten shares overall in the project. The announcement comes after

about 3 years ago
UK Consortium Wins GBP 1.5 Million Funding for Offshore Charging Station
Business & Finance

UK Consortium Wins GBP 1.5 Million Funding for Offshore Charging Station

A collaboration of UK green technology pioneers has been awarded GBP 1.5 million in funding to install what they say is “the world’s first offshore charging station within a UK wind farm”. The funding was awarded as part of the Department for Transport and Innovate UK’s GBP 60 million Clean Maritime

about 3 years ago
RWE, Ferrovial Plan to Jointly Develop Floating Wind Projects in Spain
Business & Finance

RWE, Ferrovial Plan to Jointly Develop Floating Wind Projects in Spain

Spanish company Ferrovial and German offshore wind developer RWE have signed a Memorandum of Understanding (MoU) to explore the joint development, construction and operation of floating wind farms in Spain, where Ferrovial has so far submitted expressions of interest (EoIs) for four projects totalli

about 3 years ago
France Opens Public Consultation on Floating Wind Offshore Brittany
Business & Finance

France’s EUR 2.08 Billion Aid for Floating Offshore Wind Project Gets EU Nod

The European Commission (EC) has approved, under EU State aid rules, a EUR 2.08 billion measure to support the construction and operation of a floating offshore wind farm in France. The floating offshore wind project will be located off the coast of South Brittany and is expected to have a capacity

about 3 years ago
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