Vestas and Mitsubishi Heavy Industries (MHI) have closed the partnership agreement through which Vestas acquires MHI’s shares in the MHI Vestas Offshore Wind joint venture. As reported in October, Vestas and Mitsubishi Heavy Industries signed an agreement for Vestas to acquire MHI’s 50% stake in MHI
The U.S. State of Maine and the United Kingdom have signed a Memorandum of Understanding (MOU) to enhance cooperation in clean energy technologies, including offshore wind, and mutually achieve carbon neutrality by mid-century or sooner. Under the five-year MOU, Maine and the UK have agreed to share
Amazon has signed a ten-year corporate power purchase agreement with Ørsted to offtake the output of 250 MW from Ørsted’s planned 900 MW Borkum Riffgrund 3 offshore wind farm in Germany. This CPPA will contribute to Amazon’s target of being 100 per cent renewable by 2030 as part of the company’s goa
Norway-headquartered Ocean Installer has changed its name to Havfram, saying that the move reflects the company’s increased commitment to offshore wind. “The solid revenues derived from our oil and gas projects, as well as our broad project and engineering expertise, are now being utilised to create
Global workforce solutions provider Airswift has formed a joint venture with Taiwan-based HR and payroll software specialist Take5People to tap into Taiwan’s burgeoning offshore wind industry. Airswift said that the joint venture will allow the company to deliver its full spectrum of services within
Investments in offshore wind projects in new and emerging markets next year will result in offshore wind gaining a greater share of the total wind power market globally, according to the latest report from Fitch Solutions. There are currently over 66 GW of offshore wind in pre-construction or constr
The Offshore Wind Growth Partnership (OWGP) selected 32 UK companies working in industries such as oil and gas, aerospace and defence for its Wind Expert Support Toolkit (WEST) Pilot Programme, within which the companies will join those already involved in the renewable energy sector. The programme
Planning permission has been granted for an offshore wind manufacturing site at Teesworks on the site of the former SSI steelworks in Redcar, North Yorkshire, England. The development of the 4.5 million sq ft manufacturing space will see more than 430 acres of land alongside the River Tees remediate
The UK Government and The Crown Estate have launched a new partnership focused on the growth of the local offshore wind sector and protecting and restoring the marine environment. The Offshore Wind Evidence and Change Programme will be led by The Crown Estate, which has committed to a five year GBP
Eni has entered into agreements with Equinor and SSE Renewables to acquire 10 per cent stake in Dogger Bank A and B from each, which will lead to a shareholding setup of SSE and Equinor each owning 40 per cent and Eni holding 20 per cent in the first two phases of what will become […]
Ørsted has entered into an agreement to sell a 25 per cent ownership interest in its 1,100 MW Ocean Wind offshore wind project to New Jersey’s Public Service Enterprise Group (PSEG). PSEG’s contribution will include both a conventional and tax equity investment in the project. The partners did not d
US Wind has named Jeff Grybowski as CEO to lead the company in developing its MarWin offshore wind project off the coast of Maryland. Grybowski is the former CEO of Deepwater Wind, and under his leadership the company developed Block Island – the first offshore wind farm in the U.S. “I’m thrilled to
Vietnamese Ministry of Industry and Trade has proposed new Feed-in Tariff (FIT) rates as part of the country’s plan for an extension of the FIT scheme for wind energy projects entering operation from November 2021 to December 2023. The new FIT proposal is reducing tariffs for intertidal/nearshore pr
Ørsted and the Maritime Institute of Technology & Graduate Studies (MITAGS) have formed a new three-year offshore wind partnership. With Ørsted’s support, MITAGS has created a virtual offshore wind project navigation simulator, which allows mariners to experience piloting through a commercial-scale
