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Business & Finance

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An image rendering the PivotBuoy turbine at sea
Business & Finance

EUR 2.5 Million to Put PivotBuoy Floater Development on Fast Track

X1 Wind has won a EUR 2.5 million grant through the European Innovation Council (EIC) Accelerator programme, which the company will use to speed up the detailed design and certification process of its first commercial large-scale floating wind platform. “The cash injection will be specifically used

about 5 years ago
A photo of Navantia's robotic welding cell
Business & Finance

Navantia’s First Robotically Welded Node Made for Saint-Brieuc OWF

Navantia has manufactured the first node using robotic welding for the Saint-Brieuc offshore wind project. This is the first time automated welding of offshore nodes was carried out in commercial phase, according to the Spanish offshore wind foundation manufacturer. The robotised node welding cell,

about 5 years ago
An offshore wind farm
Business & Finance

German Airport Operator in Talks Over Offshore Wind PPA

A German airport operator has closed a tender call looking to procure electricity produced by offshore wind turbines in the country. While the latest tender notice shows that the procedure ended without an awarded contract, a recent update from the company said that the award procedure was in progre

about 5 years ago
An image showing AquaVentus offshore wind turbines with electroloysers on foundation platforms
Business & Finance

McDermott, Van Oord Join AquaVentus Offshore Wind-to-Hydrogen Project

The AquaVentus offshore wind-to-hydrogen project has informed that another ten members have joined the German initiative since the beginning of May, this time also including companies outside Europe. Japanese utility J-Power (Electric Power Development) and the Japanese-Swiss joint venture Hitachi A

about 5 years ago
An image showing a heat map of network charges across Great Britain
Business & Finance

Network Charge Rules Jeopardise Scotland’s Offshore Wind Ambitions – Scottish Renewables

Existing Transmission Network Use of System (TNUoS) charges in Great Britain could “deal a blow” to Scotland’s ambitions to increase the installed offshore wind capacity tenfold by 2030, according to Scottish Renewables CEO Claire Mack. Northern Great Britain is being “penalised to the tune of tens

about 5 years ago
Industry Launches Subsea Design Software for Floating Wind
Business & Finance

Industry Launches Subsea Design Software for Floating Wind

A group of companies from the offshore renewable industry has developed a pre-engineering design software solution for the subsea architecture of floating wind farms. The partnership includes floating wind power developer EOLFI, renewables engineering consultancy Innosea, electrical engineering and

about 5 years ago
Iberdrola headquarters in Bilbao, Spain, photo showing upper part of the building with company logo
Business & Finance

Iberdrola Entering South Korean Offshore Wind Market

Spanish renewable energy giant Iberdrola has signed a Memorandum of Understanding (MOU) with energy company GS Energy to cooperate on renewable energy projects in South Korea and other Asian regions. According to Iberdrola, the alliance will enhance the capacity of the two companies to seek out and

about 5 years ago
Shell to Bid for Two Offshore Wind Areas in Norway
Business & Finance

Shell to Bid for Two Offshore Wind Areas in Norway

Dutch oil major Shell has partnered with Norwegian hydropower producers BKK and Lyse to apply for licences in two areas currently offered by Norwegian government for offshore wind development. The consortium is now working to prepare applications for projects in the Utsira Nord area, deemed better s

about 5 years ago
Siemens Gamesa
Business & Finance

Siemens Gamesa Bolsters Ties in Poland Ahead of Offshore Wind Boom

Wind turbine manufacturer Siemens Gamesa and Poland’s Grupa Przemysłowa Baltic have signed a Letter of Intent to work together to further the Polish offshore wind power industry. The recently enacted Offshore Wind Act calls for the development of 5.9 GW of offshore wind capacity in the Polish Baltic

about 5 years ago
An offshore wind farm
Business & Finance

TotalEnergies to Bid in Scotland’s Offshore Wind Auction

TotalEnergies has teamed up with the consortium between Green Investment Group (GIG) and Renewable Infrastructure Development Group (RIDG) to bid in the ScotWind offshore wind leasing round. GIG and TotalEnergies have been partners in the offshore wind sector for a while now. In February, they secur

about 5 years ago
A photo of an offshore wind farm
Business & Finance

Arcadis Ost 1 Offshore Wind Farm Enters Construction Phase

Parkwind has reached financial close on the Arcadis Ost 1 offshore wind farm, its first project in Germany, which now officially enters construction phase. Belgian offshore wind developer said the project raised about EUR 570 million of debt from a group of nine lenders. The lenders are KBC Bank, Be

about 5 years ago
WindEurope Calls For Wind Turbine Landfilling Ban
Business & Finance

WindEurope Calls For Wind Turbine Blade Landfilling Ban

WindEurope has called for a Europe-wide landfill ban on decommissioned wind turbine blades by 2025. Europe’s wind industry actively commits to re-use, recycle, or recover 100 per cent of decommissioned blades, WindEurope said. This comes after several industry-leading companies announced plans for b

about 5 years ago
Registration Open for Offshore Energy 2021
Business & Finance

Registration Open for Offshore Energy 2021

The registration for Offshore Energy Exhibition & Conference 2021 is now live! The event, to be held on 26th & 27th October in Amsterdam RAI, the Netherlands, will attract thousands of offshore professionals and hundreds of exhibiting companies. Go to registration.offshore-energy.biz to register. Of

about 5 years ago
UKEF and ORE Catapult Stand Behind UK Offshore Wind Companies
Business & Finance

UKEF and ORE Catapult Stand Behind UK Offshore Wind Companies

UK Export Finance (UKEF) has launched a new partnership with Offshore Renewable Energy (ORE) Catapult to promote the expertise of UK offshore wind companies abroad. The UK is the world’s biggest offshore wind market with 10.4 GW of total installed capacity, and the UK government is helping UK compan

about 5 years ago
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