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Business & Finance

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A photo of an EnBW offshore wind farm, aerial view
Business & Finance

Norseman Wind to Apply for Building 1.4 GW Subsidy-Free OWF in Norway

Norseman Wind has announced its decision to apply for a licence to build a 1.4 GW wind farm off Norway. In a press release issued on 25 May, the company said the project would be built and operated without the need for government subsidies. Furthermore, German offshore wind developer EnBW has joined

about 5 years ago
An artist's impression of the planned new Leith outer berth with Floating Foundation and Turbine
Business & Finance

Forth Ports Unveils Plans for Offshore Wind Hub at Scottish Port

Forth Ports has revealed plans to invest GBP 40 million (around EUR 46 million) in creating Scotland’s offshore wind hub on a 175-acre site at the Port of Leith. According to Forth Ports, the investment would see the creation of a bespoke, riverside marine berth capable of accommodating the world’s

about 5 years ago
An image showing a floating turbine on the right and infographic on its digital twin on the left
Business & Finance

Akselos Partners with BEPA, RCG on Bringing Its Digital Twin Solution to Offshore Wind Market

Digital twin technology developer Akselos and engineering consultancy BEPA have entered into a partnership to work together on the application of Akselos’s Reduced Basis Finite Element Analysis (RB-FEA) technology in the offshore wind sector. According to Akselos, its technology speeds up FEA simula

about 5 years ago
A photo of the Greenalia and CMC respresentatives at the MOU signing ceremony
Business & Finance

Greenalia, Canary Islands Maritime Cluster Team Up for Offshore Wind

Spanish company Greenalia, which is developing five floating offshore wind farms in the Canary Islands, has signed a Memorandum of Understanding (MOU) with the Maritime Cluster of the Canary Islands (CMC) to promote industrial development of offshore wind. Under the MOU, the two parties will maintai

about 5 years ago
An artist impression of floating wind turbines at sea
Business & Finance

BW Ideol to Bid in French Floating Wind Tender

BW Ideol has entered into an agreement with an unnamed partner with whom it will bid to build a floating wind farm in France. According to the company, BW Ideol formalised a partnership with “an undisclosed leading utility” during the first quarter of this year. The partners will submit a joint bid

about 5 years ago
BASF and RWE Plan to Build 2 GW, Subsidy-Free Wind Farm Offshore Germany
Business & Finance

BASF and RWE Plan to Build 2 GW, Subsidy-Free Wind Farm Offshore Germany

Chemicals giant BASF and RWE have presented a project to build a 2 GW offshore wind farm that would power BASF’s chemical site in Ludwigshafen, Germany, and enable CO2-free production of hydrogen. No public subsidies would be needed for the construction of the wind farm, which is already in the plan

about 5 years ago
Artist impression of EolMed floating wind turbine at sea
Business & Finance

BW Ideol Signs EUR 4 Million Worth of Contracts for EolMed Project

BW Ideol has signed an engineering contract and licence agreement for the EolMed project in France, with the contracts valued at more than EUR 4 million in total. The EolMed project was fully consented in February 2021, BW Ideol writes. The floating wind farm, to be installed in water depths of arou

about 5 years ago
A photo of Orsted's headquarters with company logo and flags
Business & Finance

Ørsted Bases Its North American Digital Operations in Newark

Ørsted will open its North American Digital Operations Headquarters in Newark, New Jersey, the company announced on 20 May. The new office will support Ørsted’s operations throughout North America for both offshore and onshore wind assets, and will initially see over 20 Ørsted staff, including 12-14

about 5 years ago
First wind turbine standing at the Triton Knoll project site
Business & Finance

EU Approves Polish EUR 22.5 Billion Offshore Wind CfD Scheme

The European Commission has approved Polish offshore wind Contracts for Difference (CfD) scheme, through which the country plans to support the realisation of offshore wind projects with EUR 22.5 billion and reach its renewable energy targets without unduly distorting competition. The CfD scheme, wh

about 5 years ago
A photo showing Siemens Gamesa 4.5 MW wind turbine rotor, with close-up of the nacelle
Business & Finance

Siemens Gamesa Shares Back in the Game

Spain’s National Securities Market Commission (La Comisión Nacional del Mercado de Valores; CNMV) lifted the suspension of trading in Siemens Gamesa’s shares at 14:30 on 18 May, following a precautionary suspension imposed that same day. The trading of shares was halted in the morning of 18 May, aft

about 5 years ago
RWE
Business & Finance

RWE and National Grid to Jointly Bid in New York Bight Offshore Wind Auction

RWE Renewables and the utility National Grid have signed a partnership agreement to jointly develop offshore wind projects in the coastal region of the Northeast US. Under this agreement, RWE and National Grid Ventures, the non-regulated division of National Grid, will be working together to explore

about 5 years ago
Park City Wind
Business & Finance

Park City Wind Homeports in Connecticut

Vineyard Wind has signed a lease at Barnum Landing in Bridgeport, Connecticut, to use the property as a construction and staging location for the 804 MW Park City Wind project. Vineyard Wind has also selected a location in downtown Bridgeport to serve as the Connecticut headquarters for the company’

about 5 years ago
The Burbo Bank offshore wind farm in the UK
Business & Finance

GBP 4.2 Million Available for UK Offshore Wind Supply Chain

The UK’s Offshore Wind Growth Partnership (OWGP) has launched a funding call with a total of GBP 4.2 million (around EUR 4.8 million) available for UK offshore wind supply chain companies in grant funding and tailored business support. In its largest funding to date, OWGP is releasing GBP 3.5 millio

about 5 years ago
A photo of the Port of Gdynia in Poland
Business & Finance

Poland to Invest Billions of Euros in Offshore Wind, Green Hydrogen, and Port Development

The Polish government has allocated more than EUR 4 billion for offshore wind, port development, and hydrogen production and distribution in its National Reconstruction Plan (KPO). The KPO has been adopted by the Council of Ministers and submitted to the European Commission through which Poland will

about 5 years ago
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