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Business & Finance

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Offshore wind turbines in the sunset.
Business & Finance

1.2 GW Floating Wind Project Emerges Offshore Italy

Falck Renewables and BlueFloat Energy have formed an equal partnership to develop floating offshore wind farms off the Italian coast. The new partnership also marks the start of the authorization process for the first project in Puglia, called Kailia Energia, in the waters off Brindisi. Kailia Energ

about 4 years ago
Seaway 7 Emerges as OHT and Subsea 7 Combination Completes
Business & Finance

Seaway 7 Emerges as OHT and Subsea 7 Combination Completes

Subsea 7 has officially completed the transaction to combine its fixed foundation offshore wind business unit with Norway’s OHT ASA into a pure-play renewables company. Effective from the closing of the transaction, the combined company is renamed Seaway 7. Subsea 7’s wholly-owned indirect subsidiar

about 4 years ago
Japanese-ink-MoU-for-joint-ops-of-cable-laying-vessels
Business & Finance

Japanese Ink MoU for Joint Ops of Cable-Laying Vessels

Kokusai Cable Ship (KCS) and Mitsui O.S.K. Lines (MOL) have signed a Memorandum of Understanding (MoU) for collaborative operations of cable-laying vessels for the offshore wind market. The two Japanese companies plan to jointly research commercial opportunities in new subsea cable-laying demand, ma

about 4 years ago
Breaking: Germany Opening Offshore Areas for Green Hydrogen Production
Business & Finance

Breaking: Germany Opening Offshore Areas for Green Hydrogen Production

Germany plans to auction off sites in its North Sea Exclusive Economic Zone (EEZ) for the purpose of producing green hydrogen offshore, with auctions expected to start as early as 2022. The Ordinance on Auctioning Sites for Alternative Energy Generation in the German Exclusive Economic Zone entered

about 4 years ago
GIG Buys Swedish Offshore Wind Project
Business & Finance

GIG Buys Swedish Offshore Wind Project

Macquarie’s Green Investment Group (GIG) has acquired the rights for the Kattegatt wind farm project offshore Sweden from Agrivind AB. Situated off the coast of the Falkenberg municipality, the development stage project is anticipated to have an installed capacity of up to 260 MW. Once operational,

about 4 years ago
A photo of Equinor's Hywind Scotland floating wind farm
Business & Finance

New Guide to Help Scottish Companies Tap Into Global Offshore Wind

A new Scottish Offshore Wind Energy Council (SOWEC) report has been launched to help Scottish companies understand and gain a foothold into the burgeoning global offshore wind market. Produced for SOWEC by Scotia Supply Chain, this guide aims to appraise current and prospective Scottish exporters of

about 4 years ago
A photo of the Borssele 1 & 2 with several wind turbines close up
Business & Finance

Ørsted Secures EUR 500 Million EIB Loan

The European Investment Bank (EIB) has signed a EUR 500 million loan with Ørsted A/S to support its increased capex programme on renewable energy projects, and the conclusion of the Borssele 1 & 2 wind farm off the Dutch coast with a long-term commitment from EIB. “We’re very pleased with the commit

about 4 years ago
Offshore wind turbines in the sunset.
Business & Finance

Global Offshore Wind Pipeline Blows Past 400 GW – RenewableUK

The total pipeline of offshore wind projects around the world now stands at 413 GW, new research by RenewableUK’s Project Intelligence team has shown. The pipeline includes projects which are fully operational, under construction, consented or being planned. The UK has a total pipeline of 63.2 GW of

about 4 years ago
SSE Renewables Enters Japanese Offshore Wind Market
Business & Finance

SSE Renewables Enters Japanese Offshore Wind Market

SSE Renewables has signed an agreement with Japan’s Pacifico Energy to create a joint ownership company that will pursue offshore wind energy development projects in Japan. The creation of the joint ownership company involves the acquisition by SSE Renewables of an 80 per cent interest in an offshor

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

A UK First: Community Ownership of Offshore Wind Farms

Renewable energy platform Ripple has joined the NextGen consortium which is pursuing seabed development rights within the Crown Estate Scotland ScotWind leasing round. The partnership will help bring community ownership to the offshore wind sector for the first time in the UK, the consortium said. T

about 4 years ago
JDR-to-build-new-subsea-cable-manufacturing-facility-in-UK
Business & Finance

JDR Reveals Plan for New Subsea Cable Manufacturing Facility in UK

JDR Cable Systems is planning to open a new GBP 130 million subsea cable manufacturing facility in Cambois, near Blyth, Northumberland, the UK. The project is subject to final agreements, with the construction of the 69,000 square metre facility expected to begin next year and opening in 2024. When

about 4 years ago
An artist impression of Havfram's new wind turbine installation vessel at work
Business & Finance

Havfram Set to Order Installation Vessel for 20+ MW Offshore Wind Turbines

Havfram is expected to place an order for a new wind turbine installation vessel (WTIV) in the next quarter of this year, the company revealed on 27 September as it announced a target of having a majority of its income coming from the renewable energy sector by the middle of this decade. The semi-su

about 4 years ago
An aerial photo of the Port of Esbjerg
Business & Finance

Port of Esbjerg Gets Go-Ahead for New Expansion to Accommodate Offshore Wind Activities

The Port of Esbjerg in Denmark has been given the green light for a major expansion, which will see the port building more than 500,000 square metres of additional area to accommodate offshore wind activities. The port, which said it had been involved in more than half of all the offshore wind farms

about 4 years ago
A photo of Massachusetts Governor Charlie Baker at New Bedford Marine Terminal
Business & Finance

Massachusetts Government Plans to Pour USD 100 Million into Offshore Wind Port Infrastructure

Massachusetts’s Baker-Polio Administration plans to invest USD 100 million from federal COVID relief funding in critical port infrastructure to support offshore wind development. “To ensure we maximize the economic potential of this industry and build on assets like the New Bedford Marine Commerce T

about 4 years ago
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