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Business & Finance

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An image rendering converter platform at an offshore wind farm
Business & Finance

GIEK Backs Aibel and OHT on Dogger Bank A and B

Norwegian state-backed Export Credit Guarantee Agency GIEK is providing loan guarantees for contracts awarded to Aibel and OHT for the UK’s Dogger Bank A and B offshore wind project, for which Equinor and SSE have now reached financial close. Aibel has won a contract to deliver two converter platfor

about 5 years ago
Tokyo Gas, Northland Power and Shizen Energy officials at a desk at the signing the agreement
Business & Finance

Tokyo Gas Joins Chiba Offshore Wind Joint Venture

Tokyo Gas has joined the offshore wind joint venture established by Northland Power and Shizen Energy in 2019 and will become a shareholder in the project company Chiba Offshore Wind (COW). COW is developing offshore wind projects off the Pacific Ocean coastline of Chiba Prefecture in Japan. Now, wi

about 5 years ago
An image from the Renewable Hydrogen Coalition's declaration
Business & Finance

RHC: Europe Could Commercialise Green Hydrogen Faster than Current Strategies Suggest

WindEurope and SolarPower Europe, supported by Breakthrough Energy, have launched a new coalition that is said to give voice to businesses and thought leaders who will be decisive in positioning Europe as the world leader in renewable hydrogen, produced via electrolysis and 100 per cent powered by r

about 5 years ago
UK Duo Backs China's Offshore Renewables Growth
Business & Finance

UK Duo Backs China’s Offshore Renewables Growth

The TUS-ORE Catapult Research Centre (TORC) has joined forces with the UK Energy Technology Platform (ETP) to support China’s growth in offshore renewables and showcase innovative UK energy transition technologies. A Memorandum of Understanding (MoU) will see the organizations jointly promote the de

about 5 years ago
A close-up of a Dogger Bank Wind Farm jacket with project and developers' logos
Business & Finance

Shell, Ørsted Ink Power Offtake Agreements for 60% of Dogger Bank A & B

Dogger Bank Wind Farm developers, SSE Renewables and Equinor, have signed four agreements for power offtake for the entire output of the first two phases of the world’s largest offshore wind farm, Dogger Bank A and B. Ørsted and Shell Energy Europe have inked 15-year Power Purchase Agreements (PPAs)

about 5 years ago
Ørsted Reveals Offshore Wind Plans in South Korea
Business & Finance

Ørsted Reveals Offshore Wind Plans in South Korea

Ørsted has disclosed plans to develop South Korean offshore wind projects with a potential capacity of up to 1.6 GW off the coast of Incheon City. The projects will be located more than 70 kilometres from the main parts of Incheon City and have relatively shallow water depths at the target project s

about 5 years ago
Thor Wind Turbine
Business & Finance

RWE Sells 49% Stake in Humber Gateway Offshore Wind Farm

RWE has signed an agreement with Greencoat to sell a 49% stake in the Humber Gateway offshore wind farm in the UK. With a 51% share in the project, RWE will remain the majority shareholder and will continue operating the 219 MW wind farm. The agreed cash consideration amounts to GBP 648 million. The

about 5 years ago
Osprey Group team in front of a cable basket at Port of Sunderland
Business & Finance

Osprey Bags Moray East Contract

The Osprey Group has won a contract to provide handling and storage services for the spare export cable for the Moray East offshore wind farm. Under the contract, the company will receive and store approximately 2,500 metres of subsea cable and approximately 1,500 metres of HDD cable to be received

about 5 years ago
Thor Wind Turbine
Business & Finance

ORE Catapult Invests in Blade Manufacturing Facility

Offshore Renewable Energy (ORE) Catapult is investing in a prototype blade manufacturing facility at its National Renewable Energy Centre in Blyth. The Additive Manufacturing for Wind Blades project will install an advanced manufacturing cell that aims to prove technologies that can reduce blade pro

about 5 years ago
Thor Wind Turbine
Business & Finance

NorgesGruppen Eyes Local Offshore Wind Tender

NorgesGruppen and its ASKO Fornybar have entered into a collaboration with Norseman Wind to potentially participate in the upcoming offshore wind tender in Norway. The parties are planning to develop an offshore wind farm with 1.4 GW of capacity at the Sørlige Nordsjø II area. According to NorgesGru

about 5 years ago
Thor Wind Turbine
Business & Finance

Deutsche Bahn Taps RWE for More Offshore Wind Power

Deutsche Bahn (German Rail) and RWE Supply & Trading have signed a 15-year power purchase agreement (PPA) for electricity produced at the Amrumbank West offshore wind farm. The PPA will begin in 2024 and run until 2039. The 288 MW Amrumbank West is located around 30 kilometres off the coast of Helig

about 5 years ago
California State Lands Commission Reviewing Two Floating Wind Applications
Business & Finance

California State Lands Commission Reviewing Two Floating Wind Applications

The California State Lands Commission is reviewing two floating offshore wind applications for the use of land for demonstration projects in the Pacific Ocean. This concerns the construction, operation, maintenance, and decommissioning of two projects that would be located in state waters off the co

about 5 years ago
Thor Wind Turbine
Business & Finance

New Jersey Sets Up Regional Planning Process for Offshore Wind Transmission

The New Jersey Board of Public Utilities (NJBPU) and regional electricity grid operator PJM Interconnection have agreed to commence a State Agreement Approach (SAA) solicitation for offshore wind transmission solutions. The commencement of the SAA includes New Jersey using the competitive solicitati

about 5 years ago
Thor Wind Turbine
Business & Finance

South Koreans Form Floating Wind Alliance

South Korea’s Doosan Heavy Industries & Construction and SK Engineering & Construction have signed a technical cooperation agreement for floating offshore wind farm projects. The two companies have agreed to implement a One Team Operation (OTO) cooperation system for the floating offshore wind farm

about 5 years ago
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