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Business & Finance

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Offshore wind turbines in the sunset.
Business & Finance

Australia Putting Wind Projects Offshore Victoria on Fast Track

Australia’s federal government and the Victoria state government plan to fast-track Victorian Renewable Energy Zones (REZ) and offshore wind development in an effort to create new energy jobs across Victoria, unlock cleaner, cheaper and more secure energy, and put downward pressure on prices. The Co

about 3 years ago
Vos Prodect Cable Hang-Offs for Danish Offshore Wind Farms
Business & Finance

Vos Prodect Cable Hang-Offs for Danish Offshore Wind Farms

Hellenic Cables has awarded Vos Prodect with a contract to deliver its sealed cable hang-off systems for the Vesterhav Nord and Syd offshore wind farms in the Danish North Sea. Vos Prodect said it will perform an extensive test program at the testing facility using the 66kV cross-linked polyethylene

about 3 years ago
TenneT Probing the Market for BorWin6 Cable System
Business & Finance

TenneT Issues EUR 3 Billion Senior Green Bond

Dutch-German grid operator TenneT has launched and priced a senior Green Bond issue of EUR 3 billion, with proceeds set to be used for investing in eligible green power transmission projects in the Netherlands and Germany. The transaction was split into four tranches with the first tranche running t

about 3 years ago
Equinor Appoints New Head of US Offshore Wind Business
Business & Finance

Equinor Appoints New Head of US Offshore Wind Business

Equinor has appointed a new president of its offshore wind business in the US, the company announced on 17 October. As of 1 January 2023, Equinor Wind US will be led by Molly Morris, currently serving as Special Advisor under Siri Espedal Kindem, whom Morris will soon succeed. Espedal Kindem will ta

about 3 years ago
TwinHub Hexicon
Business & Finance

European Developers, Technology Companies Sign Up for First US Floating Wind Auction

The US Bureau of Ocean Energy Management (BOEM) has deemed 43 companies eligible to bid in the upcoming offshore wind lease sale in California, with the majority on the list being Europe-headquartered energy companies and floating wind technology developers, either as standalone entities or as part

about 3 years ago
Skyborn Renewables
Business & Finance

Mubadala Acquires Stake in German Skyborn Renewables

Abu Dhabi-based Mubadala Investment Company has invested in Skyborn Renewables, as part of a Global Infrastructure Partners (GIP) – led consortium. Skyborn Renewables is the former offshore wind unit of wpd offshore, which Global Infrastructure Partners (GIP) bought earlier this year with the transa

about 3 years ago
A floating wind turbine out at sea photographed from sea surface level
Business & Finance

BP Could Place Its First Floating Wind Bid in California

BP has qualified as an eligible bidder for the upcoming (floating) offshore wind lease sale in California, for which the US Government just announced would be held on 6 December by the Bureau of Ocean Energy Management (BOEM). Since the issuance of the Proposed Sale Notice (PSN) for the five lease s

about 3 years ago
Offshore wind turbines in the sunset.
Business & Finance

Brazil and Colombia to Lead Offshore Wind Charge in Latin America – Analysis

Latin America will see a sharp increase in offshore wind projects, with capacity reaching 34 GW by 2050, driven by the growth of off-grid green hydrogen projects, according to new analysis from Wood Mackenzie. Offshore wind activity will correspond to a 15.4 per cent compound annual growth rate star

about 3 years ago
BayWa r.e. Unveils Subsidy-Free Floating Wind Project Offshore Portugal
Business & Finance

BayWa r.e. Unveils Subsidy-Free Floating Wind Project Offshore Portugal

BayWa r.e. has officially applied to secure the rights for an exclusive use of the seabed for a commercial-scale floating offshore wind project in Portugal, which the company said will be the first subsidy-free floating wind farm in the world. This follows initial discussions and consultation stages

about 3 years ago
Rhode Island Issues 1 GW Offshore Wind Call
Business & Finance

Rhode Island Issues 1 GW Offshore Wind Call

Rhode Island Energy, the state’s primary utility company, has issued a request for proposal (RFP) for offshore wind, targeting an additional 600 MW to 1,000 MW of capacity. Offshore wind project proposals by bidders will be due to Rhode Island Energy on 1 February 2023. In July, Governor McKee signe

about 3 years ago
First foundation installed at Dogger Bank Wind Farm
Business & Finance

Vårgrønn Acquires Eni’s Stake in World’s Largest Offshore Wind Farm

Vårgrønn, a joint venture between Eni’s energy transition business Plenitude and the Norwegian energy investor HitecVision, has completed the acquisition of Plenitude’s stake in the three phases of the 3.6 GW Dogger Bank Wind Farm in the UK. As reported in June, Vårgrønn signed an agreement with Ple

about 3 years ago
A bp facility with the company's logo
Business & Finance

BP to Form Global Floating Wind Team

The original article published on 14 October has been updated following the news that BP has qualified as an eligible bidder for the first offshore wind lease sale in California. BP is advertising a new opening in its offshore wind business, this time looking for the Head of Floating Offshore Wind,

about 3 years ago
Hexicon TwinWind Technology, Ingka
Business & Finance

AvenHexicon Moves Forward with Floating Wind Projects Offshore Italy

Sweden-headquartered Hexicon has unveiled that its Italian joint venture secured priority rights for two areas to develop floating offshore wind farms in Italy. The first area, located south of Sicily, is 346 square kilometres and has the potential for about 1.2 GW of capacity, while the second area

about 3 years ago
Seajacks Zaratan at Akita Port
Business & Finance

Japan to Get New Offshore Wind Training Centre in Akita

Nippon Yusen Kaisha (NYK), together with Nippon Marine Enterprises, has announced that it will establish a training centre for offshore wind power generation in Akita Prefecture, Japan. The consortium was selected in a public offering for subsidized projects in the 2022 Subsidy for Offshore Wind Pow

about 3 years ago
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