The offshore wind farms that won the Contracts for Difference (CfDs) in the latest UK CfD round will most likely be the first to operate with “negative subsidies”, even before the zero-subsidy projects awarded in auctions in the Netherlands and Germany. According to an analysis by an international t
Xodus Group has established a partnership with Japanese consultancy E&E Solutions to deliver advice and analysis for the offshore wind market in Japan. The partnership will provide integrated advisory and technical services for offshore wind developers, owners, operators and lenders. Xodus expects t
The UK Government has proposed to exempt Beatrice, Hornsea One, Rampion, and East Anglia One offshore wind farms from the requirement to hold a licence to transmit electricity, due to COVID-19-related delays in transferring their transmission assets. The four offshore wind farms, involved in the fif
Irish floating wind company Simply Blue Energy (SBE) is setting up an international development team to identify and originate new project opportunities outside Ireland and the UK. Kevin Banister, who worked for floating wind technology provider, Principle Power, for almost ten years, is joining the
Copenhagen Infrastructure Partners (CIP) and Vietnamese companies Asiapetro and Novasia Energy have signed a Memorandum of Understanding (MOU) with Binh Thuan People’s Committee for the development of a 3.5 GW offshore wind project off the coast of the Binh Thuan province in Vietnam. The project, ca
Ørsted has launched the Offshore Wind Industrial Development Fund in Taiwan. The program, fully funded by Ørsted with a total amount of NTD 60 million (EUR 1.76), will be managed and executed by the Metal Industries Research & Development Centre (MIRDC) over the next 18 months. The aim of the fund i
The global pipeline of offshore wind energy projects which are operational, under construction, consented, or being planned has grown by 37 GW in the last twelve months, new research published by RenewableUK shows. This is an annual increase of 30%, from 122 GW twelve months ago to 159 GW now, Renew
BayWa r.e. has signed an exclusive agreement to join the existing consortium of Ideol and Elicio to prepare a joint bid for Crown Estate Scotland’s ScotWind tender. With this new partnership, BayWa r.e. is said to bring significant project development and asset management skills and presence in Scot
The Offshore Wind Growth Partnership (OWGP) has launched a package of funding and business support activities worth GBP 2.1 million, aimed at boosting the UK offshore wind supply chain. The package includes two new funding calls and support activities for business transformation. For the funding cal
The State of New York has announced its second offshore wind solicitation, seeking up to 2,500 MW of projects. The solicitation includes a multi-port strategy and requirement for offshore wind generators to partner with any of the eleven prequalified New York ports to stage, construct, manufacture k
Vattenfall’s results for the second quarter of the year show a decrease in net sales and underlying operating profit of its wind business, compered to the same period in 2019. The company posted the Q2 results on 21 July, stating that the decrease is due to lower wind speeds, lower electricity price
ENGIE and EDP Renováveis have announced the creation of Ocean Winds (OW), a joint venture equally controlled by both companies in the floating and fixed offshore wind energy sector. Headquartered in Madrid, Spain, the new company will act as the exclusive investment vehicle in offshore wind for both
The offshore wind portfolio of the Norwegian Export Credit Guarantee Agency (GIEK) has quadrupled since the end of last year, the agency reported on 21 July. GIEK’s offshore wind portfolio since the end of 2019 until now amounts to NOK 4.2 billion (approximately EUR 399 million), while the state-own
RWE has launched an online suppliers portal where companies can search for and find opportunities on the Sofia offshore wind project. The suppliers portal will display contract opportunities with the Sofia project and its key contractors as they become available. “We are keen to maximise the involve
