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Business & Finance

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Goldwind 4S MW PMDD
Business & Finance

Construction Starts on NEBT Intertidal Wind Farm Offshore Vietnam

Australian and South East Asian power company Nexif Energy has formed a 50:50 partnership with Thailand’s RATCH Group for the construction and operation of the Nexif Energy Ben Tre nearshore wind farm (NEBT) in Vietnam. The 80 MW NEBT intertidal wind farm is located in Thanh Hai commune, Thanh Phu d

about 5 years ago
Tahkoluoto, Finland's first commercial offshore wind farm.
Business & Finance

Finnish Region Planning 6 GW Offshore Wind Power-to-X Project

The Finnish government has submitted its National Recovery Plan to the European Commission, allocating € 318.7 million to support clean energy and energy infrastructure developments, including a 6 GW offshore wind farm that will incorporate a Power-to-X solution. Finland plans to support offshore wi

about 5 years ago
An aerial photo of the Borssele 1 and 2 offshore wind farm
Business & Finance

Ørsted Divests Half of Borssele 1 & 2 OWF for EUR 1.38 Billion

Ørsted has completed the divestment of 50 per cent of the Borssele 1 & 2 offshore wind farm in the Netherlands to Norges Bank Investment Management (NBIM) for circa EUR 1.38 billion. This is said to be NBIM’s first investment in unlisted renewable energy infrastructure. The offshore wind developer a

about 5 years ago
A conceptual illustration and scope for a fleet of C-H2 ships to deliver an offshore loading and transport solution for green hydrogen production from floating offshore wind
Business & Finance

Australian Company Enters European Offshore Wind-to-Hydrogen Market

Australia-based Global Energy Ventures (GEV) and German company ILF Beratend Ingenieure (ILF Consulting Engineers) have joined forces to develop green hydrogen projects in Europe and Australia – including those involving offshore wind – which will use a compressed hydrogen (C-H2) shipping solution.

about 5 years ago
Avedøre Power Station
Business & Finance

New Offshore Wind Farm to Power Green Fuels for Denmark Project

Ørsted and HOFOR (Greater Copenhagen Utility) entered into an agreement that will secure green power for part of the potential 1.3 GW Green Fuels for Denmark project to produce sustainable fuels in the Greater Copenhagen area. As part of the agreement, Ørsted and HOFOR will work towards enabling Ørs

about 5 years ago
Side view of the new GE blade manufacturing plant in Teesside
Business & Finance

Plans Submitted for Huge Blade Manufacturing Plant in UK

Plans have been submitted for GE Renewable Energy’s factory to manufacture blades for offshore wind turbines in Teesside, Tees Valley Mayor Ben Houchen said. Mayor Houchen has also revealed the first images of what the facility will look like once construction is complete. The new manufacturing plan

about 5 years ago
Brave Tern Arrives in Taiwan
Business & Finance

Fred. Olsen Windcarrier Secures Three New Offshore Wind Contracts

Fred. Olsen Windcarrier has signed three new wind turbine transport and installation contracts with a combined value of up to EUR 124 million. Signed over the last two months, the contracts are linked to work in 2022-2024 in both Europe and APAC regions and will, combined, cover up to 630 vessel day

about 5 years ago
Port of Esbjerg
Business & Finance

Europe Needs Multi-Billion Port Infrastructure Investment to Meet Offshore Wind Goals – Report

Europe needs to invest EUR 6.5 billion in port infrastructure by 2030 to deliver the offshore wind expansion targets set out in EU’s Offshore Renewable Energy Strategy, a new report by WindEurope shows. These investments would pay back in just five years, WindEurope said. Europe is embarking on a hu

about 5 years ago
WFO Launches Dispute Resolution Committee for Offshore Wind
Business & Finance

WFO Launches Dispute Resolution Committee for Offshore Wind

World Forum Offshore Wind (WFO) has announced the establishment of an Offshore Dispute Resolution Committee (ODRC), which aims to develop alternative dispute resolution mechanisms for the global offshore wind industry. According to WFO, the new mechanisms will be set up to resolve offshore wind proj

about 5 years ago
Equinor Selects Polish Offshore Wind Home Port
Business & Finance

Equinor Selects Polish Offshore Wind Home Port

Equinor has completed the acquisition of a site at the port of Łeba to serve as the operations and maintenance (O&M) base for the Polish Baltic Sea offshore wind projects. This makes Equinor the first developer to confirm an offshore wind maintenance port in Poland together with the joint venture pa

about 5 years ago
Ørsted and POSCO
Business & Finance

Ørsted and POSCO Form Offshore Wind and Hydrogen Pact in Korea

Ørsted and POSCO Group, one of the largest conglomerates in Korea, have signed a Memorandum of Understanding (MoU) to strengthen collaboration on offshore wind and renewable hydrogen in Korea. POSCO and its affiliates will apply the group’s joint capabilities to support the development of Ørsted’s 1

about 5 years ago
Dynamic power cables
Business & Finance

DNV and LS Cable & System Jointly Target Nearshore and Floating Wind

DNV has signed a non-exclusive Memorandum of Understanding (MOU) with power cable manufacturer LS Cable & System to target emerging cabling opportunities in the offshore wind industry. The MOU comes in response to growing global demand for high-voltage, next-generation power cables with dynamic capa

about 5 years ago
A photo showing the control room for Offshore Survival Systems services
Business & Finance

UK Backs World’s First Remotely Operated Offshore Rescue Service

The UK government has awarded Edinburgh-based company Offshore Survival Systems with funding to develop a first of its kind remotely operated offshore search and rescue service. The service involves using a network of semi-autonomous unmanned rescue vessels (URVs) for search and rescue at sea and wi

about 5 years ago
Transmission charges across the EU
Business & Finance

Transmission Charges a Threat to UK Green Energy Industry – Report

Britain’s energy regulators are putting billions of pounds of green infrastructure investment at risk by overseeing an energy market which favours EU energy imports at the expense of home-grown schemes, new research has shown. Electricity generators in the UK pay transmission charges for the cost of

about 5 years ago
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