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Business & Finance

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Spanish Developer Plans Another Floating Wind Farm in Italy
Business & Finance

Spanish Developer Plans Another Floating Wind Farm in Italy

The western coast of Sardinia could see a floating wind farm of a little less than 500 MW being built by a Spain-based renewable energy developer, which is so far known to have submitted at least two applications for floating offshore wind projects in Italy. This is an excerpt from a Premium article

about 4 years ago
Aker Offshore Wind and Mainstream Combine Offshore Businesses
Business & Finance

Aker Offshore Wind and Mainstream Combine Offshore Businesses

Mainstream Renewable Power (Mainstream) and Aker Offshore Wind (AOW), a wholly-owned subsidiary of Aker Horizons, have agreed to combine into a new company with a 27 GW portfolio of renewable energy projects across the solar, onshore, and bottom-fixed and floating offshore wind. As part of the trans

about 4 years ago
Siemens Gamesa 14 MW Turbine
Business & Finance

Taiwanese Offshore Wind Project Secures 20-Year Corporate Power Purchase Agreement

Canada’s Northland Power has announced the signing of a Corporate Power Purchase Agreement (CPPA) with an unnamed client for production from its Hai Long offshore wind project in Taiwan secured under auction. The agreement is with an investment grade counterparty (S&P: AA-) and covers 100 per cent o

about 4 years ago
Finnish Company Taps Into Offshore Wind with New German Subsidiary
Business & Finance

Finnish Company Taps Into Offshore Wind with New German Subsidiary

Finland-based Elomatic Oy has established a design and consulting subsidiary in Wismar, Germany, called Elomatic Maritime Technologies, that will focus on ship design and offshore wind structures. According to the parent company, Elomatic Maritime Technologies will draw on the city of Wismar’s renow

about 4 years ago
A photo of the Veja Mate offshore wind farm
Business & Finance

Siemens Financial Services Sells Its Stake in Veja Mate Offshore Wind Farm

Commerz Real, Ingka Group and KGAL have acquired the remaining 20 per cent stake in the Veja Mate wind farm offshore Germany, after a consortium comprising Commerz Real and Ingka Group as the largest shareholders, together with KGAL and ALH Group, bought an 80 per cent stake in Veja Mate three years

about 4 years ago
Equinor's wind control room at Great Yarmouth
Business & Finance

Equinor Teams Up with UK Integrated Smart Energy Lab to Bolster Offshore Wind Industry

Equinor has partnered with Integrated Smart Energy Laboratory (ISEL), a sub-group of the North East Energy Catalyst, through which the developer will work with the UK research institutions to support research and development activities targeted at key offshore wind industry challenges. ISEL combines

about 4 years ago
Tekmar Gets Offshore Wind Order from Japan
Business & Finance

Tekmar Gets Offshore Wind Order from Japan

Tekmar has secured a contract to deliver an integrated engineering solution, including cable protection systems (CPS) and cable hang-off clamps, for an offshore wind project in Japan. Tekmar said that the contract is set to be delivered next year. The UK-based company did not reveal any other detail

about 4 years ago
Construction Starts on Mammoth Offshore Wind Monopile Factory in UK
Business & Finance

Construction Starts on Mammoth Offshore Wind Monopile Factory in UK

Construction works on the new offshore wind foundation factory in the UK, which will produce XXL monopiles, started on 7 July. The new facility, located at Redcar’s Teesworks, is being built by SeAH, a subsidiary of South Korea’s pipe manufacturer SeAH Steel Holdings, and will produce between 100 an

about 4 years ago
PKN Orlen and Northland Power Finalize Polish Offshore Wind Deal
Business & Finance

Lithuanian Oil & LNG Company Joins PKN Orlen in Offshore Wind Market

Lithuanian operator of oil and liquefied natural gas (LNG) terminals, KN (Klaipėdos Nafta AB), has signed a letter of intent with two companies in the Polish Orlen group, Orlen Neptun I and Energa Wytwarzanie, on cooperation in providing operation and maintenance (O&M) services for offshore wind far

about 4 years ago
Saipem Installs Saint-Brieuc OSS, Delivers Formosa 2 Jacket Foundations
Business & Finance

Saipem Installs Saint-Brieuc OSS, Delivers Formosa 2 Jacket Foundations

Saipem has reported that the company reached two important milestones in offshore wind this month following the installation of the offshore substation at the Saint-Brieuc wind farm site in France and the delivery of the final of its batch of jacket foundations for the Formosa 2 offshore wind farm i

about 4 years ago
Survey Starting at Scottish Floating Offshore Wind Project
Business & Finance

Survey Starting at Scottish Floating Offshore Wind Project

A geophysical and environmental survey is set to soon commence at the Salamander floating offshore wind project off the coast of Scotland in the North Sea. The geophysical survey and benthic drop-down video and grab survey activities are expected to commence on 26 July at the earliest and run until

about 4 years ago
Natural Power Bolsters Offshore Team
Business & Finance

UK Secures 7 GW of New Offshore Wind, Awards CfD to World’s Single Biggest OWF

The UK Government has awarded Contracts for Difference (CfDs) to five offshore wind projects at a strike price of GBP 37.35/MWh each. One of the five offshore projects, which have a total generation capacity of 7 GW, is Ørsted’s Hornsea Three, for which the developer says is the world’s single bigge

about 4 years ago
Vestas 15 MW turbine
Business & Finance

Vestas to Back 15 MW Turbine Development with New EIB Loan

Danish wind turbine manufacturer Vestas has signed a EUR 475 million (approximately USD 483 million) green loan with the European Investment Bank (EIB) to support its research, development, and innovation (RDI) activities through 2025. “As the need to accelerate the green energy transition has never

about 4 years ago
Two New Floating Wind Applications Filed for Tyrrhenian Sea, One for 3+ GW Project
Business & Finance

Two New Floating Wind Applications Filed for Tyrrhenian Sea, One for 3+ GW Project

Two companies have submitted applications to the Italian Ministry of Infrastructure and Transport for maritime concessions to build floating wind farms in the Tyrrhenian Sea, offshore Sardinia, with one of the projects proposed to have an installed capacity of more than 3 GW. This is an excerpt from

about 4 years ago
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