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Business & Finance

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Atlantic Shores Offshore Wind Inks MoU with New Jersey Unions
Business & Finance

Atlantic Shores Offshore Wind Inks MoU with New Jersey Unions

Atlantic Shores Offshore Wind has signed a Memorandum of Understanding (MoU) with six unions operating in New Jersey to help develop and employ the local offshore wind workforce. The agreement outlines how the parties will work together to create training and apprenticeship programs for New Jersey w

about 5 years ago
UK Export Finance Backs Greater Changhua 1 with GBP 200 Million
Business & Finance

UK Export Finance Backs Greater Changhua 1 with GBP 200 Million

UK Export Finance (UKEF) is providing a GBP 200 million buyer credit guarantee to help finance the Greater Changhua 1 offshore wind farm in Taiwan. UK companies Seajacks and Trelleborg have already capitalized on UKEF’s support by winning export contracts with project developer Ørsted. Seajacks will

about 5 years ago
Steel components for Saint-Brieuc jackets at a Navatia-Windar site
Business & Finance

Navantia-Windar JV Receives First ‘Made in France’ Jacket Components for Saint-Brieuc OWF

The Navantia-Windar joint venture has received its first jacket foundation components for the Saint-Brieuc offshore wind farm manufactured in the Brest polder, France. Navantia-Windar established the manufacturing hub in the Brest polder in 2019, subcontracting multiple local companies for its first

about 5 years ago
Blue Gem Sets Up Met Mast to Assess Celtic Sea Floating Wind Potential
Business & Finance

Blue Gem Sets Up Met Mast to Assess Celtic Sea Floating Wind Potential

Blue Gem Wind has received planning consent from the Pembrokeshire Coast National Park Authority to install a temporary met mast to study the floating offshore wind potential in the Celtic Sea. The 120-meter met mast and onshore monitoring equipment is provided by local supplier Solar Wheel. Due to

about 5 years ago
An image of Ideol's floating wind technology
Business & Finance

BW Offshore Buys Into Ideol

The oil & gas services provider BW Offshore has signed a share purchase agreement to become a strategic owner of the floating wind technology developer Ideol. The deal will see BW Offshore obtaining a 50 per cent stake by investing EUR 60 million and the establishment of BW Ideol, a global integrate

about 5 years ago
Poland Floats Offshore Wind Electricity Price Cap
Business & Finance

Poland Floats Offshore Wind Electricity Price Cap

Poland plans to cap the maximum price of electricity produced at offshore wind farms selected in this year’s Contracts for Difference (CfD) rounds at PLN 301.5/MWh (around EUR 67.08/MWh). The price cap was introduced in a draft regulation submitted by Poland’s Ministry of Climate and Environment. Th

about 5 years ago
GBM Works to Build Prototype for Silent Monopile Installation
Business & Finance

GBM Works to Build Prototype for Silent Monopile Installation

GBM Works has received a EUR 1.8 million grant from RVO.nl to construct a prototype of its monopile installation technology that is said to minimize noise pollution. The TU Delft spin-off is developing a method which uses a waterjet to liquefy the soil on the inside of the tube, which, in combinatio

about 5 years ago
Iberdrola to Invest Over EUR 1 Billion in Floating Wind Farm Offshore Spain
Business & Finance

Iberdrola to Invest Over EUR 1 Billion in Floating Wind Farm Offshore Spain

Iberdrola is planning to invest more than EUR 1 billion to develop a 300 MW floating wind farm offshore Spain. The study, design, and engineering of the wind farm could begin this year and the project could generate more than 2,800 jobs per year until it becomes operational in 2026, according to the

about 5 years ago
Finnish Enterprise Seeks Partner to Develop Offshore Wind Farm
Business & Finance

Finnish Enterprise Seeks Partner to Develop Offshore Wind Farm

Finnish state-owned enterprise Metsähallitus is looking for a partner to jointly develop an offshore wind project in Finland. As previously reported, the environmental services provider plans to develop a wind farm approximately 15 kilometres off the coast of the municipality of Korsnäs. According t

about 5 years ago
Atlantic Endeavor Working on Coastal Virginia Offshore Wind Project
Business & Finance

Atlantic Endeavor Working on Coastal Virginia Offshore Wind Project

Atlantic Wind Transfers’ new crew transfer vessel (CTV) Atlantic Endeavor has begun working at the Coastal Virginia Offshore Wind (CVOW) project. Blount Boats launched the Chartwell 24 CTV the day after Christmas, after which the vessel spent three days going through sea trials and USCG inspections.

about 5 years ago
RCG: Global Offshore Wind Investment Sets New Record in 2020
Business & Finance

RCG: Global Offshore Wind Investment Sets New Record in 2020

Global financial investment for offshore wind set a new record in 2020 with USD 30 billion, surpassing the previous high of USD 22 billion from 2018, according to The Renewables Consulting Group (RCG). According to RCG’s Global Renewable Infrastructure Projects (GRIP) database, the total capacity fi

about 5 years ago
Global Energy Group's Port of Nigg site
Business & Finance

OWGP Grants EUR 1.5 Million to Twelve UK Companies

The Offshore Wind Growth Partnership (OWGP) has awarded twelve UK companies a total of GBP 1.3 million (around EUR 1.5 million) in funding and business improvement support. “These twelve companies represent a growing community of supply chain companies from across the UK being supported by OWGP, bri

about 5 years ago
Rotterdam-Port-and-Uniper-Plan-Green-Hydrogen-Plant
Business & Finance

Rotterdam Port and Uniper Plan Green Hydrogen Project

Uniper and the Port of Rotterdam Authority are investigating the possibilities of large-scale production of green hydrogen at the Maasvlakte area in Rotterdam. The plan is to realize a hydrogen plant on Uniper’s site by 2025 that would have a capacity of 100 MW and to expand this capacity to 500 MW.

about 5 years ago
An image showing SeaTwirl turbine just above water surface
Business & Finance

SeaTwirl Granted Patent in Japan

SeaTwirl has been granted a patent for its divisible offshore wind turbine by the Japanese Patent Office. “Japan has great water depths and large cities along the coasts, which is an interesting market for our floating wind turbine, especially when Japan has set a goal of becoming CO2 neutral by 205

about 5 years ago
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