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Business & Finance

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Castle Wind Signs Deal for Future Project PPA
Business & Finance

TotalEnergies and Sempra Set Stage for Offshore Wind Partnership in US

TotalEnergies and Sempra have signed a Memorandum of Understanding (MoU) to co-develop several onshore and offshore renewable projects in North America. TotalEnergies said in a statement it is expanding its North American strategic alliance with Sempra. The MoU outlines Sempra’s potential acquisitio

about 4 years ago
An image showing Vestas 9.5 MW wind turbines at sea
Business & Finance

Vestas Racks Up Offshore Wind Orders

Vestas has received orders to supply wind turbines for three offshore wind projects, two fixed-bottom wind farms in Taiwan, and one floating wind project in France. The turbine maker has secured a 295 MW order for the Zhong Neng offshore wind project, located off the coast of Changhua County, Taiwan

about 4 years ago
Vestas Making Room for Serial Production of 15 MW Wind Turbines
Business & Finance

Vestas Making Room for Serial Production of 15 MW Wind Turbines

Danish wind turbine manufacturer Vestas will begin serial production of V236-15.0 MW nacelles from 2024 at its offshore nacelle factory at Lindø Port of Odense in Denmark. Before V236-15.0 MW serial production starts, Vestas will modify and expand the Lindø facility to accommodate the larger compone

about 4 years ago
Eneco and OCI Join NortH2 Offshore Wind-to-Hydrogen Consortium
Business & Finance

Eneco and OCI Join NortH2 Offshore Wind-to-Hydrogen Consortium

Energy company Eneco and OCI N.V., a global producer and distributor of hydrogen-based products, have joined the NortH2 green hydrogen consortium as collaborative partners. Eneco is joining the NortH2 consortium of Equinor, RWE, Shell, and Gasunie as an investment partner. Groningen Seaports is a su

about 4 years ago
Greenalia to Invest Up to EUR 950 Million in 5 Floating Wind Farms in Canary Islands
Business & Finance

Greenalia to Invest Up to EUR 950 Million in 5 Floating Wind Farms in Canary Islands

The total investment in the five floating wind farms Greenalia plans to build in the waters around the Spanish Canary Islands will amount to between EUR 800 million and EUR 950 million, according to the latest information from the developer. The company met with the Canary Islands’ Government on 30

about 4 years ago
Siemens Gamesa’s French Factory Starts Producing Offshore Wind Nacelles and Blades
Business & Finance

Siemens Gamesa’s French Factory Starts Producing Offshore Wind Nacelles and Blades

Siemens Gamesa’s manufacturing facility in Le Havre, France, has started producing both the company’s offshore Direct Drive wind turbine nacelles and IntegralBlades, making it the world’s first facility to encompass the production of both under one roof, according to Siemens Gamesa. The first nacell

about 4 years ago
Aker Offshore Wind, Aker Horizons Float Merger Plans
Business & Finance

Aker Offshore Wind, Aker Horizons Float Merger Plans

Aker Offshore Wind AS (AOW) has announced an all-stock merger plan with Aker Horizons ASA that will reposition the company as a privately held subsidiary of Aker Horizons. The transaction will be carried out as a triangular merger between AOW, Aker Horizons’ subsidiary AH Tretten AS as the surviving

about 4 years ago
Tahkoluoto, Finland's first commercial offshore wind farm.
Business & Finance

Finnish Company Positioning for Offshore Wind Build-Out in Åland

Finnish company Ilmatar Energy Oy has established a subsidiary called Ilmatar Offshore Ab through which it plans to develop an offshore wind project in the province of Åland, where the provincial government has outlined an offshore wind development zone in the Gulf of Bothnia, named Sunnanvind. The

about 4 years ago
Argeo-gets-govt-OK-for-multi-client-program-at-first-Utsira-Nord-offshore-wind-project
Business & Finance

Argeo Gets OK for Multi-Client Program at First Utsira Nord Offshore Wind Project

Norwegian authorities have approved Argeo’s planned multi-client program for the first offshore wind project to begin at Utsira Nord, with data acquisition set to soon commence. Argeo will start the operations using its autonomous underwater vehicle (AUV) equipped with sensors to acquire data over t

about 4 years ago
EnBW-picks-He-Dreiht-inter-array-cable-supplier
Business & Finance

Seaway 7 Wins EPIC Offshore Wind Contract

Seaway 7 has won an engineering, procurement, installation and commissioning (EPIC) contract with EnBW for the inter-array cables for the He Dreiht offshore wind project in Germany. The scope includes the supply and installation of around 100 kilometres of 66 kV subsea power cables and respective ca

about 4 years ago
Cadeler Triples Revenue in 2021
Business & Finance

Cadeler Triples Revenue in 2021

Danish wind farm installation vessel owner and operator Cadeler A/S said that the company tripled its revenue in 2021 and returned to profitability. The revenue for 2021 totaled EUR 61 million, an increase of 212 per cent against EUR 19.5 million in 2020. The growth reflects a 77 per cent utilizatio

about 4 years ago
New Zealand Sovereign Wealth Fund Forms Offshore Wind Partnership with CIP
Business & Finance

New Zealand Sovereign Wealth Fund Forms Offshore Wind Partnership with CIP

NZ Super Fund and Copenhagen Infrastructure Partners (CIP) are working in partnership to explore the potential for large-scale offshore wind energy in the South Taranaki Bight offshore New Zealand. The NZD 58 billion (EUR 36.4 billion) NZ Super Fund is a global investment fund that was established b

about 4 years ago
Installation of Siemens Gamesa Turbine at Hornsea Two
Business & Finance

Ørsted Divesting Half of Hornsea Two for EUR 3.6 Billion

Ørsted has signed an agreement to divest 50 per cent of its 1.3 GW Hornsea Two offshore wind farm in the UK to a consortium comprising AXA IM Alts and Crédit Agricole Assurances for GBP 3 billion (approximately EUR 3.6 billion). The transaction is expected to close in the second half of 2022, once t

about 4 years ago
Offshore Wind Part of Shell’s GBP 25 Billion UK Investment Plan
Business & Finance

Offshore Wind Part of Shell’s GBP 25 Billion UK Investment Plan

Shell plans to invest up to GBP 25 billion (approximately EUR 30 billion) in the UK energy system over the next ten years, with offshore wind being one of the main areas the oil and gas giant has set its sights on in the UK. The company said via a social media post it planned […]

about 4 years ago
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