RWE will invest EUR 50 billion gross in offshore wind and other renewables, hydrogen, flexible generation and batteries until 2030, by which time the company plans to double its portfolio to 50 GW from the previously planned 25 GW. In offshore wind, the company intends to triple its capacity from 2.
Hexicon has partnered with Worley for the Front-End Engineering Design (FEED), Engineering Procurement Fabrication (EPF), and installation management of the TwinWay project in Norway, a pilot to commercialise Hexicon’s floating offshore wind technology. Through the partnership, Worley will take over
Boskalis has been awarded an approximately EUR 450 million contract for transportation and installation of monopile foundations and substations for an offshore wind project. The company informed about the new contract on 15 November without disclosing any specific details about its client or the off
Mainstream Renewable Power has received a Decision on Investment and an Investment Registration Certification (IRC) from the provincial government of Soc Trang for the first 200 MW of the Phu Cuong Soc Trang offshore wind project in Vietnam. The wind farm, once fully complete, will have a capacity o
Shell New Energies and RWE Generation will explore the possibilities of establishing integrated projects for the production of green hydrogen using offshore wind power on a gigawatt scale in the industrial regions in the north-east of England such as Teesside and/or Humberside. The plan is one of th
Ørsted has signed a EUR 175 million, 8-year loan agreement with the Nordic Investment Bank (NIB) for co-financing its investment in the Borssele 1 & 2 offshore wind farm in the Netherlands. Together with the loan agreement closed with the European Investment Bank (EIB) on 6 September, the intended l
The Netherlands plans to develop additional 10.7 GW of offshore wind capacity by 2030 in order to meet the EU’s current goal of reducing CO2 emissions by 55 per cent by 2030 compared to the 1990 levels. The Dutch Ministry of Infrastructure and Water Management has now issued the Additional Draft Nor
Avangrid Renewables plans to build an Offshore Wind Control Center in New Bedford, Massachusetts, as part of the Commonwealth Wind project proposal, the offshore wind project developer Vineyard Wind, a joint venture between Avangrid Renewables and Copenhagen Infrastructure Partners (CIP), informed o
Largest chemicals producer in the world, BASF, and Ørsted have concluded a 25-year fixed-price corporate power purchase agreement (CPPA), under which BASF will offtake the output of 186 MW from Ørsted’s planned Borkum Riffgrund 3 Offshore Wind Farm in the German North Sea. The offshore wind farm wil
Canada’s Northland Power and its German partner RWE have exercised their step-in right to match the winning bid in Germany’s latest offshore wind auction for the N-3.8 zone in the North Sea and secure the lease for the 433 MW German Nordsee Two offshore wind project. Back in September, Germany’s Fed
Scotland’s national economic development agency, Scottish Enterprise, and Japanese conglomerate Marubeni Corporation have signed a Memorandum of Understanding (MoU) to jointly explore opportunities in floating offshore wind and green hydrogen. The new partners have identified three key areas of coll
Edda Wind, owned 50/50 between Wilhelmsen and Østensjø, has launched an initial public offering (IPO) on the Oslo Stock Exchange with plans to use the proceeds to support its existing offshore wind vessel newbuilding programme, as well as to back potential further newbuild opportunities. “This listi
GE’s Renewable Energy business segment will become part of a standalone GE Renewable Energy and Power company as GE plans to form three separate public companies focused on aviation, healthcare, and energy. GE Renewable Energy and Power will be established by combining GE Renewable Energy, GE Power,
Ørsted has announced a multi-million pound agreement to be the first and lead customer for monopile foundations manufactured at the planned UK facility of SeAH Wind Limited, a UK-based subsidiary of SeAH Steel Holdings. The deal, subject to securing a Contract for Difference and Final Investment Dec
