Consortia in which Mitsubishi Corporation is the main stakeholder have been selected to develop all of the projects offered in Japan’s first fixed-bottom offshore wind auction. The Mitsubishi-led consortia have been selected to build an 819 MW Yurihonjo wind farm offshore Akita Prefecture, a 478.8 M
Marianne Wiinholt has decided to step down as the Chief Financial Officer (CFO) of Ørsted to accept a position outside the energy industry. Wiinholt served as Ørsted’s CFO for the past eight years and will continue in the role until 30 June 2022 at the latest. ”I have been part of Ørsted’s amazing j
German wind and solar specialist wpd has signed a corporate power purchase agreement (CPPA) with a company from Taiwan’s semiconductor industry for over 1 GW of wind capacity, with around half of it coming from offshore wind. This is the largest green CPPA in Asia, according to wpd, which has not re
A study into the offshore wind opportunities and challenges in the US State of Connecticut has found that, while the state can already meet many of the industry’s requirements, Connecticut needs to quickly add other elements to attract and fully accommodate the industry, and to position itself highe
Offshore wind projects coming online in 2021 are getting revenues that are on a EUR per MWh basis on average 55 per cent lower than in 2014, according to Wood Mackenzie. And the most recent bids and WoodMac’s projection show that revenues in 2025 will be 25 per cent lower than in 2021, the energy [&
Renewable energy arm of a major Chinese project developer has revealed its decision to invest more than EUR 5.7 billion in new offshore wind farms on which construction will start as soon as this month. The projects will bring a total of 3 GW of new offshore wind capacity to the country that is leap
Siemens Gamesa and Dominion Energy Virginia have reached an agreement for delivery of offshore wind turbines and ten years of service for the 2.6 GW Coastal Virginia Offshore Wind (CVOW) commercial project, for which Dominion is planning to use 176 units of the currently world’s largest offshore win
Finnish state-owned enterprise Metsähallitus is releasing preliminary market information and launching its partner selection process for the planned 1.3 GW Korsnäs offshore wind power project. Metsähallitus said it is looking for a responsible and experienced partner to accelerate the development, c
Chinese wind turbine manufacturer MingYang Smart Energy has signed a Memorandum of Understanding (MoU) with the UK Department for International Trade (DIT), under which the two parties will cooperate on bringing MingYang’s investment plans for the UK’s offshore wind sector to realisation. The agreem
Ocean Winds and Aker Offshore Wind have announced a GBP 235 million (approximately EUR 276 million) early investment package for every successful bid in the ScotWind leasing round to support the supply chain capabilities and the ‘just transition’ from fossil fuel industries. The financial package is
The following is a guest column by Kirsty Curry, Senior Consultant at K2 Management. The RenewableUK Global Offshore Wind (GOW) event in London, organised by RenewableUK in September, heralded the return of in-person events for the industry, and for the first time in over 18 months, the halls were b
Lex de Groot, Managing Director of Neptune Energy in the Netherlands, is a guest in the new episode of the Navingo Career Podcast. For a fossil energy company, Lex de Groot is by no means a ‘fossil’ leader. Its business operations are modern and sustainable. De Groot talks about the ‘Speaking Up Cul
Offshore wind will grow from a small base to account for 50 per cent of ocean capital expenditure (capex) in 2050, according to DNV’s Ocean’s Future to 2050 report. Currently, 80 per cent of capex in the Blue Economy is invested in the offshore oil and gas sector, but by 2050 that number will have [
DEME Offshore has won the engineering, procurement, construction and installation (EPCI) contract for the inter-array cables at the Dogger Bank C offshore wind farm in the UK.
