Mitsubishi Heavy Industries and Vestas have launched MHI Vestas Japan, a joint venture targeting onshore and offshore wind turbine markets in Japan. The joint venture started operating on Monday, 1 February. MHI Vestas Japan’s head office is located in Chiyoda-ku, in central Tokyo. Masato Yamada, fo
BP and Equinor have closed the transaction for BP’s acquisition of a 50 per cent interest in the Empire Wind and Beacon Wind projects off the U.S. east coast. The closing of the transaction marks BP’s official entry into offshore wind. “We see significant opportunities by rapidly growing bp’s offsho
Canadian energy company Northland Power and Poland’s PKN ORLEN have entered into an agreement under which Northland Power will acquire a 49 per cent stake in the 1.2 GW Baltic Power offshore wind project in Poland. Northland expects to invest approximately PLN 290 million (EUR 64 million) in the Bal
The following article is a guest post by Jonas Corné, CEO at Greenbyte, a provider of asset management solutions. The article examines digitalisation in the offshore wind sector, the necessity of it and current challenges that hinder using digitalised solutions to advance offshore wind projects. Des
Norway-based Magnora has entered into a partnership with an undisclosed company to establish a joint floating wind player called Magnora Floating Wind, which already started working on the application for the ScotWind round in Scotland. The newly established company also plans to participate in the
Leading offshore wind developer Ørsted is changing the organisational structure to strengthen its ability to tap into the growth potential of global renewable energy markets over the next decade. Over the next decade, global renewable energy markets are expected to grow at double-digit annual growth
According to a new study from Offshore Renewable Energy (ORE) Catapult, large floating wind projects in the UK could secure Contracts for Difference (CfD) strike prices below current wholesale electricity price forecasts in 2029. Reaching the point of having “subsidy-free” floating wind projects dep
Global Energy Group (GEG) and Italy’s Rosetti Marino have formed a strategic partnership to execute large scale renewable energy and energy transition EPC and EPCI contracts in the UK. The companies have entered into a five-year agreement, with the potential for a two-year extension, to jointly tend
Offshore Wind Consultants (OWC) has set up its own energy yield assessment service capability for offshore wind projects. As part of the move, OWC appointed Okan Sargin to head up the new integrated service offering for offshore wind developers. The team led by Sargin will support clients with early
Great Lakes Dredge & Dock Co. (GLDD) has appointed Eleni Beyko as Senior Vice President for offshore wind to lead the company’s entry into the market. Beyko will be responsible for developing GLDD’s offshore wind operations, including strategy and business development, tendering and project executio
Pacific Green Technologies (Shanghai) has entered into a framework agreement with SINOPEC Star to work on a portfolio of projects that includes offshore wind, among others. Under the agreement, the Chinese companies will provide design, development engineering and consulting services for projects in
Croatian oil and gas company INA-INDUSTRIJA NAFTE, d.d. (INA) plans to diversify into renewable energy and is specifically considering offshore wind and solar energy developments in the country. At an energy conference held on 26 January, INA’s Director of Strategic Operations and Public Affairs, Hr
Dutch oil and gas major Shell has agreed to take a majority stake in a 1 GW floating wind project offshore Ireland. Shell New Energies, the renewable energy trading, generation, and supply arm of Shell, has signed an agreement with Simply Blue Energy to acquire 51 per cent in Simply Blue Energy’s Ki
Statkraft, Aker Offshore Wind and Aker Horizons have signed a cooperation agreement to explore offshore wind opportunities in Norway. The companies will work together to explore the possibility to develop, operate and deliver power from commercial-scale offshore wind projects in Norway. The cooperat
