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Business & Finance

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Germans Seek Expedience on Offshore Wind to Hydrogen Projects
Business & Finance

Germans Seek Expedience on Offshore Wind to Hydrogen Projects

Representatives from the German offshore wind industry are urging the government to issue tenders for additional offshore wind areas needed to produce green hydrogen as quickly as possible. Germany’s National Hydrogen Strategy (NWS) opens up the opportunity to use about 3 GW of offshore wind energy

about 6 years ago
South Korea's President Reaffirms 12 GW of Offshore Wind by 2030 Goal
Business & Finance

South Korea’s President Reaffirms 12 GW of Offshore Wind by 2030 Goal

President of South Korea Moon Jae-in has pledged to expand the country’s offshore wind power capacity from the current 124 MW to 12 GW by 2030, according to local media. Moon announced his pledge on Friday, 17 July, during a visit to a turbine research center and the operational 60 MW Southwest Offs

about 6 years ago
An image of a floating wind farm with one turbine rotor up close
Business & Finance

Aker Solutions to Set Up Standalone Offshore Wind Company

Aker Solutions will separate its offshore wind business in a new company – Aker Offshore Wind – saying the standalone entity will have financial flexibility to raise required capital for large, capital-intensive projects. The company, which is merging with Kvaerner and is also spinning off its carbo

about 6 years ago
Vattenfall Joins Amsterdam IJmuiden Offshore Ports
Business & Finance

Vattenfall Joins Amsterdam IJmuiden Offshore Ports

Swedish energy company Vattenfall, the developer of the 1.5 GW Hollandse Kust Zuid wind farm in the Dutch North Sea, is joining Amsterdam IJmuiden Offshore Ports (AYOP). By joining this public-private association which gathers more than 85 companies and organizations active in the offshore energy se

about 6 years ago
BorWin3 offshore grid platform handed over to TenneT by Siemens in February
Business & Finance

Investors Snap Up TenneT’s EUR 1 Billion Green Hybrid Bond

TenneT has issued a EUR 1 billion Green Hybrid Bond, from which the proceeds will be used to connect large-scale offshore wind to the electricity grid, with investors showing “keen interest” and the issue being 2.5 times oversubscribed. On 15 July, the transmission system operator priced its EUR 1 b

about 6 years ago
Offshore Wind Consultants Sets Up Polish Office
Business & Finance

Offshore Wind Consultants Sets Up Polish Office

Offshore Wind Consultants (OWC) has set up an office in Warsaw, Poland, to support offshore wind development in the Baltic Sea. To head up its new office in Warsaw, OWC appointed offshore wind consultant Lukasz Sikorski. Sikorski previously held offshore engineering roles at DNV GL, as well as site

about 6 years ago
Manor Renewable Energy Opens New Scottish Office
Business & Finance

Manor Renewable Energy Opens New Scottish Office

Manor Renewable Energy (MRE) has opened a new office in Glasgow, Scotland. The decision to open the new office was prompted by the growing renewable energy market, with an emphasis on offshore wind, MRE said. It is said to complement the existing logistics office in Portsmouth and headquarters in Po

about 6 years ago
Aerial view, Machrihanish Airbase Community Company Business Park and Airport
Business & Finance

SGN Working on World’s First Offshore Wind-Powered Hydrogen Heating Project

The UK gas network operator SGN has launched a project that will be world-first to employ a direct supply of offshore wind power to produce green hydrogen energy for heating. The project will start with heating around 300 homes in Fife, Scotland, using clean gas produced by an electrolysis plant, po

about 6 years ago
Floating wind turbines and vessels at sea
Business & Finance

Carbon Trust Forecasts 70 GW of Floating Wind by 2040

The Carbon Trust sees 70 GW of floating wind installed capacity by 2040, according to a new summary report on the findings from the second phase of the Floating Wind Joint Industry Project (JIP). The report outlines technology challenges that need to be addressed so the commercialisation of floating

about 6 years ago
Fugro Picks Sonardyne Tech for US Offshore Wind Work
Business & Finance

Fugro Picks Sonardyne Tech for US Offshore Wind Work

Fugro has selected underwater positioning technology from Sonardyne Inc. for its upcoming activities at offshore wind projects in the U.S. Fugro ordered three Sonardyne Mini-Ranger 2 Ultra-Short BaseLine (USBL) underwater positioning systems to support shallow-water site characterization surveys and

about 6 years ago
A photo of an offshore wind farm from afar, taken from a jack-up vessel carrying monopiles for offshore installation
Business & Finance

Global Maritime, Cathie Team Up for Jack-Up Ops

Global Maritime and Cathie have entered a partnership that will see the two companies bringing a holistic jack-up consultancy solution to the offshore wind industry, according to a press release from Cathie. The two companies will combine their expertise in offshore geoscience and engineering consul

about 6 years ago
Partrac Backs Irish Offshore Wind Projects
Business & Finance

Partrac Backs Irish Offshore Wind Projects

Partrac has provided metocean survey and consultancy services for three offshore wind projects currently under development in Ireland. Partrac said it had provided scoping and planning of hydrographic and metocean surveys, and the deployment and servicing of floating lidar and metocean measurement e

about 6 years ago
BNEF: Offshore Wind Financing Skyrockets in 2020
Business & Finance

BNEF: Offshore Wind Financing Skyrockets in 2020

Offshore wind financings in the first six months of 2020 totaled USD 35 billion, up by a record 319% year-on-year, according to BloombergNEF (BNEF). The BNEF data shows that offshore wind had by far its busiest half-year ever for final investment decisions, well above 2019’s record full-year figure,

about 6 years ago
Vattenfall Plans New Wind Farm Offshore Sweden
Business & Finance

Vattenfall Plans New Wind Farm Offshore Sweden

Vattenfall is investigating the possibility of developing a new offshore wind project in Sweden called Kattegatt Syd. The Kattegatt Syd project is located at a circa 177km2 area approximately 25km offshore Falkenberg, north of the planned Stora Middelgrund offshore wind project. The site is situated

about 6 years ago
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