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Business & Finance

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Thor Wind Turbine
Business & Finance

Financial Close on World’s Largest Offshore Wind Project Within Days

Financial close on the first two phases of the world’s largest offshore wind farm at Dogger Bank is expected in the coming days, SSE said. SSE Renewables and Equinor are jointly developing the 3.6 GW Dogger Bank offshore wind project through a 50:50 joint venture company – Dogger Bank Wind Farm. The

about 5 years ago
Thor Wind Turbine
Business & Finance

Ørsted and US Labor Union Kick-Start Offshore Wind Workforce Transition

Ørsted and North America’s Building Trades Unions (NABTU) have signed a Memorandum of Understanding (MoU) to develop the next generation offshore wind workforce in the U.S. The partnership will create a national agreement designed to transition U.S. union construction workers into the offshore wind

about 5 years ago
Thor Wind Turbine
Business & Finance

Siemens Gamesa Appoints New Head of Offshore Business

Wind turbine manufacturer Siemens Gamesa Renewable Energy has appointed Marc Becker as the new Chief Executive Officer (CEO) of its Offshore business. Becker served as Managing Director for Germany and Head of Offshore Sales and Projects at Siemens Gamesa before leaving the company in early 2020. Pr

about 5 years ago
Port of Cromarty Firth
Business & Finance

Ideol and Scottish Port Pen Floating Wind Agreement

The France-headquartered Ideol has signed a Letter of Intent (LoI) with the Port of Cromarty Firth in Scotland to cooperate for the floating offshore wind sector. The agreement will see Ideol and its future local construction partners use the port’s land and firth berthing sites and cooperate toward

about 5 years ago
Aker Offshore Wind Ups Stake in Principle Power
Business & Finance

Aker Offshore Wind Ups Stake in Principle Power

Aker Offshore Wind has increased its ownership in Principle Power Inc from approximately 20 per cent to an expected 39 per cent, after exercising an option to buy further shares in the floating wind technology company. “Principle Power is established as the industry leading provider of floating wind

about 5 years ago
Thor Wind Turbine
Business & Finance

Port and Installation Vessel All-In-One Coming to Market

Windthrust Ltd., a subsidiary of National Ports Corporation, has revealed plans for a combined self-propelled floating port and installation vessel for offshore wind turbines, foundations and substations. Oceandock LX’s 60,000m2 deck space and onboard storage facility allow for the components to be

about 5 years ago
Thor Wind Turbine
Business & Finance

Bladt and Burns & McDonnell Forge Offshore Wind Alliance in US

Denmark’s Bladt Industries A/S and the US-based Burns & McDonnell have formed a strategic alliance to provide steel and other offshore wind components along the Eastern Seaboard, USA. Under the alliance, Bladt and Burns & McDonnell plan to source, fabricate, produce and assemble steel, concrete and

about 5 years ago
Thor Wind Turbine
Business & Finance

Norwegians and Japanese Ink Offshore Wind MoU

The Japanese Kiso-Jiban Consultants (KJC) and the Norwegian Geotechnical Institute (NGI) have signed a Memorandum of Understanding (MoU) for offshore wind energy in Japan. The two parties plan to jointly undertake work related to geotechnical investigations, site characterization and foundation desi

about 5 years ago
Thor Wind Turbine
Business & Finance

Fred. Olsen and Hafslund Eco Come Together for Norway’s Offshore Wind

Fred. Olsen Renewables (FORAS) and Hafslund Eco have entered into an agreement to collaborate for the offshore wind sector in Norway. FORAS and Hafslund Eco plan to jointly submit a pre-application for the development of offshore wind projects at the Sørlige Nordsjø and Utsira Nord areas. According

about 5 years ago
Thor Wind Turbine
Business & Finance

New European Coalition Targets More Sustainable Offshore Wind Development

Eighteen offshore wind companies, transmission system operators and environmental NGOs have launched a new coalition dedicated to ensuring that Europe delivers its planned expansion of offshore wind energy while preserving nature and marine ecosystems. The aim of the Offshore Energy and Nature Coali

about 5 years ago
A floating wind turbine out at sea photographed from sea surface level
Business & Finance

US: NY Congress Members Back Empire Wind’s Brooklyn Terminal Plans

US Congress members from New York State, Jerrold Nadler and Nydia M. Velázquez, have sent a letter to New York Governor Andrew Cuomo in support of the Empire Wind offshore wind project, more specifically its Port Infrastructure Improvement Plan (PIIP) which would set up an offshore wind hub at the S

about 5 years ago
A photo of the Fugro Brasilis survey vessel at sea
Business & Finance

Fugro and NYK Group Jointly Target Japanese Offshore Wind Market

Fugro and the Tokyo-based transportation company, NYK Group, have signed a Memorandum of Understanding (MOU) to provide offshore geotechnical services in Japan. The two companies will also collaborate on a feasibility study into jointly operating a specialist investigation vessel for renewables proj

about 5 years ago
A photo of an offshore wind farm
Business & Finance

SSE, Marubeni, CIP Team Up for ScotWind Leasing

Scottish offshore wind seabed leasing process has brought together Scotland-headquartered SSE Renewables, Japanese conglomerate Marubeni Corporation, and Danish fund management company Copenhagen Infrastructure Partners (CIP). According to the latest press release from SSE Renewables, the developer

about 5 years ago
Thor Wind Turbine
Business & Finance

Offshore Wind Delivers for EnBW

German energy company EnBW Energie-Baden-Württemberg AG has reported an adjusted EBITDA of EUR 586 million in the Renewable Energies segment for the first nine months of 2020, an 88.4 per cent increase compared to the same period last year. The increase is attributed mainly to the EnBW Hohe See and

about 5 years ago
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