Spain’s Cobra Instalaciones y Servicios has secured a GBP 380 million green loan financing for the construction of the Kincardine floating wind farm offshore Scotland. The project comprises the construction of a 50 MW wind farm some 15 kilometres south-east of Aberdeen. Kincardine will consist of si
CSBC-DEME Wind Engineering (CDWE) has reached the final investment decision (FID) for the construction of Green Jade, the first Taiwan-built floating heavy-lift offshore wind installation vessel. CDWE, a joint venture of DEME Offshore and Taiwanese shipbuilder CSBC, informed in April that it had ini
ProCon Wind Energy has officially established a subsidiary in the U.S. dedicated to the local offshore wind sector. Last week, the company’s CEO Claus Søgaard Poulsen signed the final documents regarding ProCon Wind Energy USA Inc. The next step includes finalizing the establishment of the first U.S
A consortium including three of the largest Danish pension and energy companies is ready to finance and operate the recently approved energy island in the Danish North Sea. Earlier this week, the Danish parliament approved a new Climate Action Plan which calls for the development of two energy islan
Fred. Olsen Windcarrier has entered into two new long-term non-recourse debt financing arrangements related to the Brave Tern, Bold Tern and Blue Tern jack-up vessels under its indirect ownership. In conjunction with the financing, the company established a green loan framework with an eligibility a
Belgian electricity and gas supplier Lampiris and Otary have approved a long-term power purchase agreement (PPA) for all of the electricity generated at the 309 MW Rentel offshore wind farm. The agreement must still be submitted for approval to the Electricity and Gas Regulation Commission (CREG). I
NKT’s cable manufacturing factories are now running on electricity from renewable energy sources, the company informed, adding that its CO2-emissions from energy consumption are now 66 per cent lower than last year. The 66 per cent reduction in CO2-emissions from energy consumption came through usin
MHI Vestas has finalised a purchase agreement with Mitsubishi Electric Europe to source switchgear for upcoming offshore wind projects in Taiwan through the participation of the local manufacturer, Shihlin Electric and Engineering Corporation (SEEC). The purchase agreement, first announced in April
NorSea and Abnormal Load Services (ALS) have launched a joint company to provide project and offshore supply logistics to onshore and offshore wind energy sectors. The new company, named Elevon, will also be supported by NorSea and ALS owners Wilhelmsen Group and Wallenius Wilhelmsen, respectively.
Iberdrola has entered into an agreement with Swedish renewables company Svea Vind Offshore, which will allow the Spain-headquartered company to take a majority stake in up to eight offshore wind projects in Sweden. The eight projects are in various stages of development, with the first of them plann
Total, Shell and eight offshore wind developers have joined Offshore Renewable Energy (ORE) Catapult’s national Floating Offshore Wind Centre of Excellence (FOWCoE) in the UK. The eight offshore wind developers include EDF Renewables, EDP Renewables, Equinor, ESB, Mainstream Renewable Power, Scottis
Floating Power Plant (FPP) has secured the formal approval to access the PLOCAN test facility in Gran Canaria with its hybrid floating wind and wave energy device. The company intends to deploy a commercial-scale version of its P80 wind-wave energy platform at PLOCAN. According to FPP, this approval
Japanese utility JERA, French state-owned investment company ADEME Investissement, and Ideol have teamed up to develop commercial-scale floating offshore wind projects. The parties agreed on the key terms for the establishment of an investment vehicle dedicated to the financing of the development ph
Markus Tacke is stepping down as CEO of Siemens Gamesa, effective immediately. According to the company, the Board of Directors and Tacke mutually agreed to terminate the CEO contract. Andreas Nauen, who was head the company’s offshore activities, has been appointed the new chief with immediate effe
