The Kitty Hawk offshore wind farm can be expected to deliver substantial economic growth and employment to Virginia and North Carolina, according to the project’s economic impact study (EIS), with nearly 1,000 jobs to be created once the wind farm is operational. Along with the USD 2 billion in econ
Transmission system operators (TSOs) of the Baltic Sea region have agreed to strengthen their cooperation for the future of offshore grid in the Baltic Sea. The aim of the Baltic Offshore Grid Initiative is to develop common planning principles for the offshore energy network, enable the considerati
A consortium comprising Caisse de dépôt et placement du Québec (CDPQ) and Taiwanese private equity fund Cathay PE is acquiring a 50 per cent ownership share in Ørsted’s 605 MW Greater Changhua 1 offshore wind farm in Taiwan for approximately TWD 75 billion (around EUR 2.2 billion). Under the agreeme
X1 Wind, which leads the PivotBuoy floating wind platform project in Spain, has been selected in the last round of funding in the pilot phase of the European Innovation Council (EIC) Accelerator. The company has been chosen for funding support together with 37 European start-ups and SMEs to receive
BVG Associates has begun a new study to help pave the way for Scottish small and medium-sized enterprises (SMEs) in the offshore wind sector. The Scottish Offshore Wind Energy Council commissioned the research with the aim of helping SMEs win business in the global offshore wind market. The council’
Sif has signed a heads of agreement with Royal IHC to acquire the Netherlands-based engineering and consultancy company KCI the engineers. The final agreement is subject to due diligence outcome and is expected in the first quarter of 2021. Works Councils of the two parties have been informed or ask
AqualisBraemar has acquired 100 per cent of the shares in LOC Group with the purchase price consideration of USD 20.2 million (around EUR 16.5 million) cash consideration plus two million conditional warrants in AqualisBraemar. The two companies will continue trading separately until the latter part
Dry bulk shipping specialist Scorpio Bulkers will sell its remaining dry bulk vessels and exit the dry bulk sector during 2021 as the company shifts its focus to owning and operating offshore wind installation vessels. As a result of this decision, Scorpio Bulkers expects to record a write-down rang
Dominion Energy has submitted a Construction and Operations Plan (COP) to the U.S. Bureau of Ocean Energy Management (BOEM) for the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project. The COP includes information about the construction, operations and conceptual decommissioning plans for the wind
SEACOR Marine has entered into an agreement with Compagnie Maritime Belge (CMB) to sell its wholly-owned subsidiary Windcat Workboats and its crew transfer vessel (CTV) business. As consideration for the sale, at the closing of the transaction, CMB will pay SEACOR Marine GBP 32.8 million, and assume
Iberdrola has reached an agreement to acquire a 50% stake in Sea Wind, marking the company’s entry into the Polish offshore wind market. Sea Wind is said to have a seven-project pipeline in the early stages of development that has a potential capacity of up to 7.3 GW. According to Iberdrola, Sea Win
Vestas Wind Systems has entered into an agreement with Copenhagen Infrastructure Partners (CIP) to acquire a 25% stake in the company. Through the investment, Vestas said the aim is to further expand its presence in renewable project development and invest within areas of the renewables value chain
Copenhagen Infrastructure Partners (CIP) has invested in the development company 7 Seas Med, which has been developing a 250 MW floating wind project off the coast of Italy, in the Sicily Strait. CIP, Nice Technology and 7 Seas Wind Power have joined forces to develop the wind farm, for which 7 Seas
The U.S. Department of Energy (DOE) has awarded USD 21 million in funding for three projects supporting offshore wind energy technology demonstration and resource characterization. The projects will support offshore wind development by demonstrating innovative technologies not previously commerciall
