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Business & Finance

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An image rendering of the floating offshore substation developed by Semco Maritime, ISC and Inocean
Business & Finance

Scandinavians Develop New Scalable Floating Offshore Substation

Denmark-based Semco Maritime and ISC Consulting Engineers and Technip Energies’ affiliate Inocean, based in Norway and Sweden, have presented an offshore wind substation concept that involves floating technology and scalability. The three companies have now entered into a partnership that will combi

about 3 years ago
A photo of The Horns Rev 1 offshore wind farm in Denmar
Business & Finance

Asia’s New Offshore Wind Vessel Provider Sets Up European Headquarters

Cyan Renewables, a pure-play offshore wind farm vessel owner that was recently launched in Singapore, has established an office in Denmark, which will be the company’s regional headquarters for operations in Europe. The news comes only a few days after Cyan Renewables’ parent company Seraya Partners

about 3 years ago
Otary Plans Offshore Wind Bid in Belgium, Seeks Supply Chain Partners
Business & Finance

Otary Plans Offshore Wind Bid in Belgium, Seeks Supply Chain Partners

Belgium-based offshore wind developer Otary has revealed plans to submit a bid in the upcoming tender in the country. In preparation to participate in the tender, the company is now looking for value propositions in multiple project areas to boost its proposal. In October last year, Belgium’s Counci

about 3 years ago
Norway’s METCentre to Test Four New Offshore Wind Turbines
Business & Finance

Norway’s METCentre to Test Four New Offshore Wind Turbines

The Marine Energy Test Center (METCentre) has been licensed to test four new offshore wind turbines on the Norwegian west coast. According to METCentre, agreements have already been signed with companies for the expanded test capacity and the offshore wind turbines are expected to be installed by 20

about 3 years ago
World's Largest Offshore Wind Farm First to Use Low-Carbon Copper for HVDC Cables
Business & Finance

World’s Largest Offshore Wind Farm First to Use Low-Carbon Copper for HVDC Cables

NKT is set to produce the HVDC power cables for the Dogger Bank C offshore wind project using low-carbon copper, representing the world’s first. The initiative is expected to reduce the carbon footprint of the cables by more than 35 per cent. The low-carbon copper cathodes are sourced from the Bolid

about 3 years ago
Newly Forged Alliance Aims for 380 GW of Global Offshore Wind Capacity by 2030
Business & Finance

Newly Forged Alliance Aims for 380 GW of Global Offshore Wind Capacity by 2030

A new multi-stakeholder alliance has been launched with the goal to boost installed global offshore wind capacity by 670 per cent, from 57 GW in 2021 to 380 GW in 2030. The International Renewable Energy Agency (IRENA), the Global Wind Energy Council (GWEC), and the Government of Denmark have partne

about 3 years ago
Thor Wind Turbine
Business & Finance

New Floating Wind Joint Venture Launched on Iberian Peninsula

The Ireland-based floating wind developer Simply Blue Group and Spanish companies Proes Consultores and FF New Energy Ventures have formed a joint venture named IberBlue Wind with plans to develop 2 GW of floating offshore wind capacity in Spain and Portugal. According to the new project development

about 3 years ago
Thor Wind Turbine
Business & Finance

Partners Group to Sell Stake in Dutch Offshore Wind Farm

Switzerland-headquartered Partners Group has agreed to sell a 20 per cent stake in the 731.5 MW Borssele III & IV offshore wind farm to Swiss Life Asset Managers on behalf of its investors. Borssele is a fully operational offshore wind farm located 55 kilometres from the Port of Vlissingen in the Ne

about 3 years ago
Thor Wind Turbine
Business & Finance

BOEM Improves Offshore Wind Site Identification Processes

The US Bureau of Ocean Energy Management (BOEM) has decided to improve its processes for identifying future offshore wind sites that will be applied to ongoing planning efforts in the Gulf of Mexico, Central Atlantic and Gulf of Maine, and off the Oregon coast. In response to feedback from BOEM’s go

about 3 years ago
Thor Wind Turbine
Business & Finance

Singapore Investor Establishes Pure-Play Offshore Wind Vessel Company

Seraya Partners, an investment management company based in Singapore, has launched a pure-play offshore wind farm vessel company named Cyan Renewables. The founding company says Cyan aims at accelerating the growth of the offshore wind sector through a dedicated fleet of wind farm support vessels fo

about 3 years ago
An offshore wind farm
Business & Finance

GIP Rebrands WPD Offshore, Changes Its Name to Skyborn Renewables

Global Infrastructure Partners (GIP) has launched Skyborn Renewables, previously known as wpd offshore, after completing the acquisition of the 100 per cent share in the company. The transaction was completed on 15 September, Skyborn said. In May, GIP signed a definitive agreement with wpd AG to acq

about 3 years ago
RWE Enters Latvian Offshore Wind Market, Finds Local Partner
Business & Finance

RWE Enters Latvian Offshore Wind Market, Finds Local Partner

RWE and Latvenergo, one of the largest power suppliers in the Baltic States, have joined forces to develop, construct, and operate offshore wind projects off the Latvian coast. A corresponding Memorandum of Understanding (MoU) has now been signed between the two companies. The equal partnership is s

about 3 years ago
Thor Wind Turbine
Business & Finance

Octopus Renewables Buys Further Stake in Lincs Offshore Wind Farm

Octopus Renewables Infrastructure Trust (ORIT) has acquired a further 7.75 per cent ownership interest in the Lincs offshore wind farm in the UK from a fund managed by Macquarie Asset Management. The new buy-in follows ORIT’s investment from May of this year, when the investment company bought an in

about 3 years ago
Taylor Hopkinson Wins Offshore Wind Contract in Taiwan
Business & Finance

New Zealand Offshore Wind Project Developers to Map Local Industry Capabilities

The developers of the 1 GW South Taranaki offshore wind project in New Zealand, NZ Super Fund and Copenhagen Infrastructure Partners (CIP), have initiated a study into the future industry requirements needed to support development and operation of a large-scale offshore wind farm. The Industry Capab

about 3 years ago
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