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Business & Finance

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Google Buys Offshore Wind Power from Ørsted
Business & Finance

Google Buys Offshore Wind Power from Ørsted

Ørsted has signed a 12-year corporate power purchase agreement (CPPA) with Google under which Google will offtake 50 MW of Ørsted’s planned 900 MW Borkum Riffgrund 3 offshore wind farm in the German North Sea. Borkum Riffgrund 3 was the world’s first large-scale offshore wind farm to be awarded a ze

about 4 years ago
Greater Changhua 1 & 2a Offshore Substation Topsides
Business & Finance

Keppel Signs Long-Term Offshore Substation Deal with Ørsted

Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine, has signed a global framework agreement with Ørsted to potentially undertake future offshore substation (OSS) projects. The agreement follows Keppel Offshore & Marine’s completion of its first project for Ørsted in Singapore in Sept

about 4 years ago
RWE Targets 1.5 GW of Floating Wind Offshore South Korea
Business & Finance

RWE Targets 1.5 GW of Floating Wind Offshore South Korea

German energy company RWE and the Ulsan Metropolitan City will cooperate on the development of floating offshore wind projects off the South Korean coast with an envisaged capacity of up to 1.5 GW. A corresponding Memorandum of Understanding was signed recently between RWE and Ulsan City, in support

about 4 years ago
MunmuBaram
Business & Finance

Shell and CoensHexicon Reach Major Milestone on South Korean Floating Wind Project

MunmuBaram, a joint venture between Shell and CoensHexicon, has secured an Electricity Business License (EBL) for its floating offshore wind project off the coast of Ulsan, South Korea. The EBL from South Korea’s Ministry of Trade, Industry, and Energy grants MunmuBaram exclusive development rights

about 4 years ago
BP Unveils Plans for Large-Scale Green Hydrogen Plant in UK
Business & Finance

BP Unveils Plans for Large-Scale Green Hydrogen Plant in UK

British oil and gas major bp is planning a new large-scale green hydrogen production facility in the North East of England that could deliver up to 500 megawatt electrical input (Mwe) of hydrogen production ‎by 2030. To be developed in multiple stages, HyGreen Teesside is expected to match productio

about 4 years ago
Vestas
Business & Finance

Vestas Indicates Cyber Security Incident Was Ransomware Attack

The cyber security incident which forced the Danish wind turbine maker Vestas to shut down IT systems across multiple business units and locations earlier this month was a ransomware attack, the internal investigations have indicated. The incident, which occurred on 19 November, impacted Vestas’ int

about 4 years ago
A photo of an offshore wind farm with Vestas wind turbines
Business & Finance

Nordic Partners Team Up on 250-Turbine Offshore Wind Farm Project

Swedish wind farm developer OX2 and Finland’s Bank of Åland Fondbolag Abp have signed a Memorandum of Understanding regarding the development of the Noatun offshore wind farm project, south of the Åland Islands. The collaboration between OX2 and Ålandsbanken Fondbolag will take place via a jointly o

about 4 years ago
BayWa r.e. and Ulsan City Sign Floating Offshore Wind MoU
Business & Finance

BayWa r.e. and Ulsan City Sign Floating Offshore Wind MoU

BayWa r.e. has signed a Memorandum of Understanding (MOU) with Ulsan City, South Korea, for the development of floating offshore wind projects off the coast of Ulsan. According to BayWa r.e., floating wind enjoys high levels of public support in Ulsan City, in part due to the city’s major Song Cheol

about 4 years ago
World’s First Multi-Megawatt Wind and Wave Hybrid Finds Home in the Atlantic
Business & Finance

World’s First Multi-Megawatt Wind and Wave Hybrid Finds Home in the Atlantic

Danish company Floating Power Plant (FPP) has signed an agreement with the Oceanic Platform of the Canary Islands (PLOCAN) to test its multi-megawatt hybrid floating wind and wave energy platform off the coast of Gran Canaria. The contract will enable FPP to deploy its hybrid offshore renewable ener

about 4 years ago
A photo of an offshore wind farm
Business & Finance

Offshore Wind Partnerships Form Down Under

BlueFloat Energy, Energy Estate, and Elemental Group are partnering to develop offshore wind farms in New Zealand. The partners have launched “Haumoana – New Zealand Offshore Wind Capacity Building”, a report which highlights New Zealand’s untapped potential for offshore wind development and the opp

about 4 years ago
GE Haliade-X
Business & Finance

Entire Output of World’s Largest Offshore Wind Farm Sold Out

15-year offtake Power Purchase Agreements (PPAs) have been signed for the third phase of the 3.6 GW Dogger Bank, the world’s largest offshore wind farm, SSE Renewables and Equinor said. Dogger Bank Wind Farm will be constructed over 130 kilometres out to sea off the north-east coast of England and i

about 4 years ago
Offshore Wind, Green Hydrogen ‘Nice-to-Haves’ for Oil & Gas Majors as Hydrocarbon Production Moves Towards Its Peak – Westwood
Business & Finance

Offshore Wind, Green Hydrogen ‘Nice-to-Haves’ for Oil & Gas Majors as Hydrocarbon Production Moves Towards Its Peak – Westwood

While oil and gas majors are increasingly entering new offshore wind and green hydrogen projects, it is but a small portion of the overall pie, to quote David Linden from Westwood Global Energy Group. As a reaction to the energy transition, the oil and gas majors are diversifying and now have more o

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

20 Banks Back Taiwanese Offshore Wind Farm, Financial Close Around Corner

The Zhong Neng offshore wind project, a joint venture between Copenhagen Infrastructure Partners (CIP) and China Steel Corporation (CSC), has signed a project financing agreement with 20 banks and is expected to reach financial close shortly, CIP said. The 298 MW project is located next to CIP’s Cha

about 4 years ago
Offshore Gas Platform Owner to Test Wind Potential in North Adriatic
Business & Finance

Offshore Gas Platform Owner to Test Wind Potential in North Adriatic

A confidential owner of oil and gas platforms in the North Adriatic Concession area has contracted renewable energy consultancy Megajoule to install multiple wind Lidars at gas platforms as part of the company’s Low Carbon Development Strategy. Lidar ZX 300M will be deployed to begin taking measurem

about 4 years ago
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