Italy-based subsea power cable supplier, Prysmian, has signed a purchase agreement with Commercial Development Company (CDC) for a site at Brayton Point in Somerset, Massachusetts, which housed a now-closed coal-fired power plant and will soon be home to a USD 200 million offshore wind cable factory
Spain-based company Windar Renovables has decided to invest EUR 80 million to build a new offshore tower factory in Poland to serve the emerging offshore wind industry in the Baltic Sea. Construction works are slated to begin this year, while the production is expected to start in early 2024, as of
Floating wind technology development will enable the levelised cost of energy (LCOE) to drop below USD 100/MWh by 2025 and under USD 40/MWh in 2050, which will further drive, together with some other factors, an increase in cumulative installed capacity to 264 GW by 2050, according to a report from
Renewable energy consultancy and service provider Natural Power and offshore wind engineering company Keystone Engineering have formed a partnership to pursue and collaborate on technical consulting and advisory business opportunities in the US offshore wind market. According to Natural Power, their
A report just released by World Forum Offshore Wind (WFO) states that China connected 12.7 GW of new offshore wind capacity to its grid last year. This is 4.2 GW less than reported last month based on data from China’s National Energy Administration. China grew with 12,689 MW of newly installed capa
SSE Renewables has called on the Irish Government to expand its renewable energy ambition and increase its current 5 GW target of installed offshore wind energy by 2030. Speaking at the Irish Renewable Energy Summit at Croke Park, Dublin, the company’s Director of Development Maria Ryan said the off
Offshore wind activities that will be taking place in the United States throughout this year could provide early insight into what lies ahead for the country in terms of offshore wind deployment volume, reuse of oil and gas infrastructure, Power-to-X opportunities and, most importantly, readiness an
Hellenic Cables has won a contract by Van Oord Offshore Wind UK for the supply of 66 kV inter-array cables and accessories for the 1.4 GW Sofia offshore wind project in the UK. Under the contract, Hellenic Cables will design, engineer, manufacture, test and supply approximately 360 kilometers of 66
Iberdrola will invest more than USD 10 billion in the development of three offshore wind complexes in Massachusetts, the Spanish energy company’s CEO, Ignacio Galán, told the Governor of Massachusetts, Charlie Baker. During the meeting, Galán also explained the company’s growth plan in the United St
GE Renewable Energy and Hyundai Electric & Energy Systems are planning to establish a strategic industrial partnership to support the growth of offshore wind in South Korea. The two companies signed a Memorandum of Understanding (MoU) to form the strategic offshore wind partnership in South Korea on
The international provider of testing, inspection, and certification services, TÜV SÜD, has signed an agreement with the German-based company Tractebel DOC, under which the two companies will collaborate on offshore wind focusing on joint project implementation and the development of new services. B
The pre-money equity value of Fred. Olsen Windcarrier has been estimated to be between NOK 2.5 billion and NOK 2.75 billion (approximately between EUR 250 million and EUR 275 million), according to information shared on 14 February on Oslo Stock Exchange, which has now admitted the company’s shares
The Swedish government has launched a search for new sea areas suitable for the development of offshore wind farms to support the country’s newly established plan of generating up to 120 terawatt-hours of electricity annually from this renewable source. The government has now decided on Sweden’s fir
South Fork Wind, a 50-50 joint venture between Ørsted and Eversource, has approved the final investment decision (FID) for the project that will be New York’s first offshore wind farm. This final investment solidifies the companies’ commitment to the 132 MW offshore wind farm. The FID also marked th
