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Business & Finance

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Iberdrola and CIP Complete US Offshore Wind Rejig
Business & Finance

Iberdrola and CIP Complete US Offshore Wind Rejig

Spanish energy company Iberdrola and Copenhagen Infrastructure Partners (CIP) have restructured their 50/50 offshore wind joint venture partnership in the United States which owns several offshore wind projects with a combined capacity of 5.3 GW. Iberdrola’s Avangrid Renewables has now taken full ow

about 4 years ago
A photo of an offshore wind farm with a crew transfer vessel at the site
Business & Finance

DNV to Certify Wind Turbines in Korea

The Korean Energy Agency (KEA) has selected DNV to deliver Type Certification services for wind turbines selected in Korean wind farm projects. The certification will be granted according to Korean standards and the international certification scheme IEC, DNV said. ”As wind parks will increasingly b

about 4 years ago
Hornsea Two Offshore Construction Begins
Business & Finance

Ørsted to Offer Major Installation Contracts in Coming Weeks

Ørsted plans to launch two tenders covering transport and installation work on the 1 GW Baltica 3 and 1.5 GW Baltica 2 offshore wind projects in Poland in the coming weeks. The first tender will be launched in the second half of January or early February. The tender will cover the transport and inst

about 4 years ago
Northland Power and RWE Reforge Step-In Pact Offshore Germany
Business & Finance

Northland Power and RWE Reforge Step-In Pact Offshore Germany

Northland Power Inc. and RWE Renewables GmbH have agreed to co-develop a cluster of offshore wind projects in the German North Sea with a total gross capacity of 1.3 GW. The partners signed an agreement to establish a joint venture company through which they plan to jointly develop, construct, and o

about 4 years ago
Belgian Offshore Wind Farms Underperform as Lower Wind Speeds Hit
Business & Finance

Belgian Offshore Wind Farms Underperform as Lower Wind Speeds Hit

The 399 wind turbines spread over nine zones in the Belgian North Sea produced approximately 6.77 TWh of electricity in 2021, a 0.6 per cent increase compared to 6.73 TWh of electricity generated in 2020. This corresponds to the annual electricity demand of almost two million households, or eight pe

about 4 years ago
A photo of the Block Island Wind Farm's turbine with a US flag visible on the right
Business & Finance

New York to Hold 2+ GW Offshore Wind Auction in 2022, Invest USD 500 Million in Infrastructure

The State of New York will make a USD 500 million investment in offshore wind, hold a new auction in 2022, and explore its floating wind potential, New York Governor Kathy Hochul revealed in her 2022 State of the State. New York will invest up to USD 500 million in the ports, manufacturing, and supp

about 4 years ago
A photo of a BW Ideol floating wind turbine
Business & Finance

French-Japanese Floating Offshore Wind Partnership Forges Ahead

BW Ideol AS has executed an investment agreement with Japan’s JERA and France’s ADEME Investissement to create an investment company for financing the co-development of floating offshore wind projects using BW Ideol’s patented Damping Pool® technology over the next five years. BW Ideol will hold 51

about 4 years ago
An offshore wind turbine in sunset
Business & Finance

Polenergia Entering Offshore Wind Joint Venture in Lithuania

Polish utility and renewable energy company Polenergia and Lithuania-based Modus Energy, also operating in the renewable energy sector, have agreed on the key terms of an agreement which will see the two parties establishing a joint venture (JV) to develop offshore wind projects in the Baltic Sea. A

about 4 years ago
Top Five Offshore Wind Premium Articles on Offshore Energy in 2021
Business & Finance

Top Five Offshore Wind Premium Articles on Offshore Energy in 2021

Throughout the last year, some of our Premium articles published on Offshore Energy sparked significant interest. Here, we are bringing the top five offshore wind Premium articles on Offshore Energy in 2021: A new method to install offshore wind turbines is said to cut installation time by 89 per ce

about 4 years ago
A photo by Jan De Nul showing the installation of the final turbine at the TPC Changhua Phase 1 offshore wind farm
Business & Finance

Total Offshore Wind Capacity Expected to Reach 120 GW by 2026, IEA Says

Cumulative offshore wind capacity is forecast to more than triple by 2026, reaching almost 120 GW, according to the Renewables 2021 – Analysis and forecasts to 2026 report from the International Energy Agency (IEA). We are going to end this year with offshore wind additions reaching 11 GW, almost do

about 4 years ago
OceanHydro Wind
Business & Finance

Kites Powered by Offshore Wind Preparing for Lift-Off

Tech startup Hydro Wind Energy is in the process of developing scaled prototypes of high-altitude kites powered by offshore wind with the goal to ”disrupt global energy and desalination markets”. The technologies for power generation and energy storage, OceanHydro Wind, and water desalination, SubSe

about 4 years ago
Ming Yang Secures First Offshore Wind Order in Japan
Business & Finance

Ming Yang Secures First Offshore Wind Order in Japan

Chinese wind turbine manufacturer Ming Yang Smart Energy has notched its first order for an offshore wind project in Japan. Ming Yang signed a contract to deliver three MySE 3.0MW typhoon-proof turbines for an undisclosed 9 MW offshore wind farm in the Japanese Sea. Construction will begin in 2022,

about 4 years ago
Hexicon Enters Floating Offshore Wind Market in Italy
Business & Finance

Hexicon Enters Floating Offshore Wind Market in Italy

Sweden’s Hexicon has created a 50-50 joint venture – AvenHexicon SRL – with Avapa Energy to jointly develop floating wind power projects in waters offshore Italy. In addition, Hexicon will license its patented technology to AvenHexicon for use in its projects and by third parties. Italy is one of th

about 4 years ago
Siemens Gamesa Charters Edda Wind Newbuild
Business & Finance

Siemens Gamesa Charters Edda Wind Newbuild

Edda Wind has entered into a long-term contract for one of its newbuild vessels with Siemens Gamesa Renewable Energy. The company has not specified which of its vessels will be chartered to the wind turbine manufacturer, but according to information in Edda Wind’s press release from 27 December, the

about 4 years ago
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