Wholly-owned subsidiaries of Shell in Switzerland, the UK, US, and Sweden (Shell Switzerland AG, Shell U.K. Limited, Pennzoil-Quaker State Company and Shell Aviation Sweden AB) have entered into agreements to acquire the Environmentally Considerate Lubricants (ECLs) business of the PANOLIN Group. Th
Vattenfall has entered into a power purchase agreement (PPA) with Shell in the UK, where the oil and gas major will be using some of the electricity produced by the Thanet offshore wind farm. The companies have signed a five-year agreement for the delivery of 300,000 MWh of electricity from Thanet,
Eolink, Valorem, and Centrale Nantes have been awarded EUR 14.9 million from the funding programme “France 2030” for the manufacturing of Eolink’s floating wind turbine and its deployment at the SEM-REV test site offshore Le Croisic in France. The 5 MW, pre-commercial floating wind turbine will be c
German chemicals company Evonik has signed a long-term power purchase agreement (PPA) with EnBW for electricity generated at the 900 MW He Dreiht offshore wind farm in the German North Sea. The PPA provides Evonik with 100 MW of electricity per year from He Dreiht, enabling Evonik to cover around a
Leading offshore wind developer Ørsted has recorded an operating profit (EBITDA) of DKK 25.4 billion (EUR 3.41 billion) for the first nine months of the year, of which DKK 10.9 billion related to the 50 per cent farm-downs of the Hornsea 2 and the Borkum Riffgrund 3 offshore wind farms. EBITDA exclu
Wind turbine manufacturer Vestas expects the company’s full-year revenue for 2022 to range between EUR 14.5 billion and EUR 15.5 billion, as compared to the previously expected EUR 14.5 billion to EUR 16 billion. The adjustment of the full-year guidance follows the release of the company’s results f
TEPCO Renewable Power, a subsidiary of Japan’s Tokyo Electric Power Company Holdings (TEPCO), has entered into an agreement with the shareholders of the Scottish offshore wind developer Flotation Energy to purchase 100 per cent of Flotation Energy’s issued shares. This represents TEPCO’s first major
Ørsted and T&T Group have signed a landmark agreement with the Ministry of Planning and Investment’s (MPI) National Innovation Center (NIC) to bolster technical capacity and build technological expertise in Vietnam’s offshore wind sector. The goal of this five-year cooperation agreement is to launch
Three US ports have secured around USD 93.2 million through the Port Infrastructure Development Grants for projects aiming to serve the offshore wind industry. The Arthur Kill Offshore Wind Terminal Project on Staten Island, New York, has secured a little over USD 48 million to fund the dredging of
Fugro has reported a revenue of EUR 480.2 million for the third quarter of 2022, an increase of 17.4 per cent compared to EUR 378 million in Q3 2021, said to be supported by high demand for offshore wind solutions. The increase in revenue was fuelled by ongoing high client demand across markets, mos
Iberdrola has incorporated one more planned offshore wind farm into its project development portfolio in Japan, according to the latest quarterly results published by the Spanish company, which is now also in an advanced discussion stage for another project in the country. “In addition to the Aomori
Ørsted and Copenhagen Infrastructure Partners (CIP) are entering into a 50/50 partnership to develop four large-scale offshore wind projects under the ‘open door’ scheme in Denmark. The projects are planned to include Power-to-X capabilities and to be built before or in parallel with the projects se
American utility PPL Corporation, through its subsidiary PPL TransLink LLC, and Belgium’s Elia Group, through its subsidiary WindGrid, have signed an agreement to develop and propose transmission solutions to integrate future offshore wind capacity to the onshore grid in the New England region, USA.
Maersk Training has signed a collaboration agreement with GiraffeWork (subsidiary of parent company Daikyo Kenki) to establish a training centre for the offshore wind industry in Japan. The partners said the training centre will offer courses according to the Global Wind Organisation (GWO), will be
