Danish maritime assets investor Navigare Capital has made its first investment in the offshore wind support vessel segment through a majority investment in its partnership with Norway’s Norwind Offshore. Five purpose-built vessels, equipped with battery-hybrid propulsion and power management systems
The New Jersey Economic Development Authority (NJEDA) will shortly launch the next phase of its tenant selection process for the New Jersey Wind Port. This phase will involve seeking offers from Tier 1 wind component manufacturers, such as blades, for an approximately 70-acre parcel of property at t
Fugro has extended its memorandum of understanding (MoU) with Underwater Survey Technology 21 (UST21) to support South Korea’s expansion of wind power assets. According to Fugro, the MoU was extended due to the strong demand for combined geophysical, geotechnical, and metocean data services. The par
Qair, TotalEnergies, and BW Ideol, the partners behind the EolMed project, have launched a new crowdfunding campaign on 12 May targeting EUR 3 million (approximately USD 3.2 million) to finance the 30 MW floating wind farm in the French Mediterranean. Supported by Enerfip, the French crowdfunding pl
Abu Dhabi-based Masdar and National Petroleum Construction Company (NPCC) have entered into an agreement to collaborate on offshore wind and green hydrogen project development in the UAE. Under a Memorandum of Understanding (MoU) signed this month, the two companies will initially focus on collabora
Siemens Energy has launched a voluntary cash tender offer to acquire all outstanding shares in Siemens Gamesa Renewable Energy, or approximately 32.9 per cent of Siemens Gamesa’s share capital which it does not already own. The wind turbine manufacturer’s minority shareholders will be offered EUR 18
Avangrid Renewables, a subsidiary of Spain’s Iberdrola, has entered into a Host Community Agreement (HCA) with the Town of Barnstable for the 804 MW Park City Wind offshore wind farm in the US. Under the agreement, Avangrid Renewables will pay the town USD 16 million (approximately EUR 15 million) a
There should be no limiting criteria for the producers and buyers of green hydrogen on the use of electricity to produce it, RWE said in a comment on a proposed delegated act in the EU which would permit only electricity from newly built, unsubsidised wind and solar energy farms to generate green hy
Tokyo-based PowerX, Inc. has raised approximately JPY 4.15 billion (around EUR 31 million) in the first half of Series A funding to finance the establishment of the battery assembly facility “Power Base” and energy storage solutions (ESS) R&D efforts. The financing round was co-led by Spiral Capital
The Spanish Wind Energy Association (AEE) has called for faster permitting processes for onshore and offshore wind projects in Spain, in light of the latest plan under the REPowerEU strategy to increase the renewable energy target from 40 to 45 per cent by 2030 and WindEurope’s warning that greater
Copenhagen Infrastructure Partners (CIP) has unveiled plans to build an artificial island dedicated to large-scale production of green hydrogen from offshore wind in Denmark and has entered an agreement with Allianz Investment Management (AIM) to perform a feasibility study for a similar project in
The UK government has opened the GBP 160 million Floating Offshore Wind Manufacturing Investment Scheme (FLOWMIS) for expressions of interest. Announced in November 2021, the investment scheme will provide government funding to boost floating offshore wind capability around the UK at sites in Scotla
Spanish energy company Iberdrola has held a ceremony to mark the construction of the second Operations and Maintenance (O&M) building in the port of Sassnitz-Mukran for the Baltic Eagle and Windanker offshore wind farms. The O&M building is expected to be completed by the end of 2022. The two offsho
Massachusetts’s Baker-Polito Administration has announced its plans to invest USD 100 million to support offshore wind ports in Salem, New Bedford, and Somerset. Governor Charlie Baker made this announcement on 18 May in Salem at the site of what will be Massachusetts’ second offshore wind port. The
