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Business & Finance

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UK Team Developing Drone Fleet for Offshore Wind Farm Inspection
Business & Finance

UK and NSEC Strengthen Offshore Renewables Ties

Members of the North Seas Energy Cooperation (NSEC), the UK, and the European Commission have signed a memorandum of understanding (MoU) to strengthen their cooperation for the development of offshore renewable energy. The countries involved include Belgium, Denmark, France, Germany, Ireland, Luxemb

about 3 years ago
Australia Designates First Offshore Wind Zone, Gives Star of the South Major Project Status
Business & Finance

Australia Designates First Offshore Wind Zone, Gives Star of the South Major Project Status

Australia’s federal government and the Victoria state government, together with Wellington Shire Council, local community members, and industry have formally declared the Bass Strait off Gippsland as Australia’s first offshore wind zone and awarded Major Project Status to the Star of the South offsh

about 3 years ago
Shell and Eneco Jointly Submit Hollandse Kust (noord) Bid
Business & Finance

Eletrobras and Shell Team Up on Offshore Wind Projects in Brazil

Eletrobras and Shell have signed a cooperation agreement in Brazil that could lead to the Brazilian electric utilities company investing into offshore wind farms in the country together with Shell. The agreement, signed on 15 December in Rio de Janeiro, covers the exchange of information for a possi

about 3 years ago
Danish Power-to-X Flagship Project Receives IPCEI Funding
Business & Finance

Danish Power-to-X Flagship Project Receives IPCEI Funding

Ørsted-led Power-to-X project Green Fuels for Denmark has been awarded DKK 600 million (around USD 86 million) by the Danish Business Authority as part of Denmark’s participation in the Important Project of Common European Interest (IPCEI) programme. The project, which is being developed by Ørsted i

about 3 years ago
Marco Polo Marine
Business & Finance

Vestas Books Marco Polo’s New CSOV for Asia Pacific Offshore Wind Projects

Marco Polo Marine’s Taiwan-based subsidiary, PKR Offshore, has signed a Memorandum of Understanding (MoU) with Vestas Taiwan for the deployment of Marco Polo’s new commissioning service operations vessel (CSOV) on offshore wind projects in the Asia Pacific region. The new CSOV will be deployed acros

about 3 years ago
Northland Power to Sell Stake in Taiwanese Offshore Wind Project
Business & Finance

Northland Power to Sell Stake in Taiwanese Offshore Wind Project

Canada-based Northland Power has signed an agreement to sell 49 per cent of its interest in the Hai Long offshore wind project in Taiwan to Gentari. When the deal is completed, expected to occur after the project reaches financial close, Gentari will have a 29.4 per cent indirect equity holding in t

about 3 years ago
Belgian Energy Island Gets EUR 99.7 Million Boost, Foundation Work to Start in 2024
Business & Finance

Belgian Energy Island Gets EUR 99.7 Million Boost, Foundation Work to Start in 2024

The Belgian Federal Government and Elia Transmission Belgium (Elia) have signed an agreement on a EUR 99.7 million grant that Elia will use to build the foundations for the Princess Elisabeth Island, deemed a key link for unlocking offshore wind potential in the Belgian North Sea. The grant is part

about 3 years ago
GE Ventures Acquires Stake in Global Tech I Offshore Wind Farm
Business & Finance

GE Ventures Acquires Stake in Global Tech I Offshore Wind Farm

GE Ventures AG, a Liechtenstein-based investment firm founded in 2020 that invests primarily in continental Europe, has acquired a 26 per cent share in Global Tech I Offshore Wind GmbH, the company behind the 400 MW Global Tech I offshore wind farm in the German North Sea. GE Ventures has acquired t

about 3 years ago
An artist impression of Equinor's Hywind Tampen project powering oil and gas platforms with floating wind power
Business & Finance

WAB, Team Norway Cooperate on Offshore Wind and Green Hydrogen

Wind energy and green hydrogen cluster WAB has signed a cooperation agreement with Team Norway, represented by Norwegian Energy Partners, to develop offshore wind and green hydrogen and respective supply chains. The cooperation will focus on the 20th WINDFORCE in June 2023 in Bremerhaven, Germany –

about 3 years ago
RWE
Business & Finance

Staten Island’s Waterfront Site to Become Offshore Wind Hub

New York City Economic Development Corporation (NYCEDC) has awarded a conditional designation as developer to NorthPoint Development with the goal to transform Rossville Municipal Site in Staten Island into an offshore wind port facility for manufacturing and assembling wind turbine components after

about 3 years ago
71 Offshore Wind Applications Now Filed in Brazil, Proposals Total 176.6 GW
Business & Finance

71 Offshore Wind Applications Now Filed in Brazil, Proposals Total 176.6 GW

Four more applications for environmental investigation licences for offshore wind projects have landed on the desk of Brazil’s Institute for the Environment and Natural Resources (IBAMA), bringing the total to 71 applications and 176.6 GW in proposed capacity. Since many of the project sites overla

about 3 years ago
Netherlands Plans Its Biggest Offshore Wind Tender Next Year with Four IJmuiden Ver Sites Likely to Be Auctioned Off in One Go
Business & Finance

Netherlands Plans Its Biggest Offshore Wind Tender Next Year with Four IJmuiden Ver Sites Likely to Be Auctioned Off in One Go

The Dutch Ministry of Economic Affairs and Climate Policy (EZK) plans to combine the first four IJmuiden Ver offshore wind sites for the purpose of putting them out to tender together. This means the sites III and IV will be auctioned next year, same as the sites I and II, instead of the initially p

about 3 years ago
Spain Adopts Regulatory Framework for EUR 200 Million Grant Programme for Marine Renewables
Business & Finance

Spain Adopts Regulatory Framework for EUR 200 Million Grant Programme for Marine Renewables

The Ministry for the Ecological Transition and the Demographic Challenge (MITECO) of Spain has published a document which sets out the regulatory bases for the allocation of state grants for the development of marine renewable energy pilot projects and associated infrastructure. Released on Spanish

about 3 years ago
California Lease Sale Winners Are: RWE, Equinor, CIP, Ocean Winds, and Invenergy; Floating Wind Farm Capacities Higher than Initially Estimated
Business & Finance

California Lease Sale Winners Are: RWE, Equinor, CIP, Ocean Winds, and Invenergy; Floating Wind Farm Capacities Higher than Initially Estimated

This article has been updated on 8 December with information on Invenergy’s lease area capacity and the total capacity of the five lease areas according to developers’ announcements. The article has also been amended to clarify that the estimated capacities are for lease areas, which may contain mor

about 3 years ago
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