Canada Pension Plan Investment Board (CPP Investments) will pay approximately EUR 80 million for its recently bought stake in Éolien Maritime France (EMF) from Enbridge. The Canadian company, through its fully owned subsidiary CPP Investment Board Europe, has acquired 49 per cent of Enbridge’s 50 pe
Danish offshore support specialist Esvagt has contributed to an economic rescue package for the Havyard shipyard, the builder of the company’s next three Service Operation Vessels (SOVs), and has accepted a delay in delivery. The delay in the delivery was caused by the Norwegian shipbuilder experien
The European Investment Bank (EIB) has approved an undisclosed sum to finance the development of the 30 MW Golfe du Lion floating wind project offshore France. The demonstration floating wind farm will feature three V164 MHI Vestas 10 MW wind turbines supported by Principle Power’s WindFloat semi-su
The European Investment Bank (EIB) has approved a EUR 500 million loan to finance the development of the Hollandse Kust (noord) offshore wind project. The loan application was submitted by the Kingdom of the Netherlands. Located 18.5 kilometres off the west coast of the Netherlands, the Hollandse Ku
Several offshore wind companies and organisations have already become members of the World Forum Offshore Wind’s (WFO’s) Floating Offshore Wind Committee, launched in February 2020. The latest ones to get onboard the committee are Japan’s utility company JERA, French wind energy industry association
Macquarie, through its Green Investment Group (GIG), and Renewable Infrastructure Development Group (RIDG) have joined forces to bid for the development of an offshore wind project at the upcoming ScotWind leasing round. “By partnering right at the genesis of development, we’re making our earliest c
The Board of Directors of Swedish wind power company SeaTwirl has appointed Peter Laurits, Vice Chairman of the Board, as the company’s new CEO, effective immediately. With Laurits now taking the helm, the interim CEO Peter Schou, who was heading the company during the spring, will work in parallel
A consortium led by Dominion Energy is developing a Jones Act compliant installation vessel for the U.S. offshore wind sector. Funded by the consortium, the vessel is set to enter service in 2023 and operate on offshore wind projects located off the East Coast. According to the company, it will be e
Enbridge is selling 49% of its 50% stake in Éolien Maritime France (EMF), the developer of three offshore wind projects in France, to the Canada Pension Plan Investment Board (CPP Investments). After the transaction closes, through its investment in EMF, Enbridge will own equity interests in the Sai
Eurogrid GmbH, the parent company of 50Hertz, has issued its debut green bond in the amount of EUR 750 million, which will finance the Ostwind 1 and 2 grid connections in Germany. The corporate bond with a term of 12 years and an interest rate of 1.113% was issued on the regulated market with the [&
The EU Commission has opened a four-week public consultation on draft rules to establish a new EU financing mechanism to support renewable energy projects. The new mechanism opens a possibility for the member states to collectively benefit from renewables projects funded through tenders using an EU-
Star of the South Wind Farm has partnered with Curtin University and Deakin University to assist with offshore site investigations for Australia’s first offshore wind project. Curtin University’s Centre for Marine Science and Technology is helping understand marine mammals in the project area, while
Norfolk & Suffolk Unlimited is looking to export its supply chain expertise to the U.S. offshore wind market. A preliminary online event organized with the City of Virginia Beach saw 20 local businesses meet with operators and developers involved in the 2.6 GW Coastal Virginia Offshore Wind (CVOW) p
Van Oord is set to start its offshore operations at the French Saint-Brieuc offshore wind farm in 2021 with the installation of pin piles. The Dutch company will use its installation vessel Aeolus, which will in 2022 be assisted by a second vessel to install the jackets foundations. In April, Van Oo
