Ørsted and Eversource have signed a Memorandum of Understanding (MOU) with ThayerMahan to explore the provision of maritime wildlife monitoring and seabed surveillance services for the Revolution Wind wind project offshore Connecticut. The MOU with this Groton-based marine automation and monitoring
Denmark’s ProCon Wind Energy and the UK-based CPower Energy have entered into a joint venture partnership agreement to jointly deal with the effects of the UK’s formal exit from the European Union on 31 January. Through the joint venture agreement, the two companies plan to ”overcome any potential c
Headquartered in Chelmsford, UK, GMG owns and operates a fleet comprising three specialist cable installation and repair vessels, four maintenance vessels, and 19 crew transfer vessels. Additionally, the company has a range of subsea equipment including eight trenchers and working class ROVs.
Macquarie Infrastructure Debt Investment Solutions (MIDIS) has invested in a synthetic securitisation of NatWest’s GBP 1.1 billion portfolio of project finance loans in the UK’s sustainable energy market. The transaction was a structured finance solution delivered by MIDIS in partnership with BAE Sy
Ørsted has set a target to become carbon neutral by 2025 and achieve a carbon-neutral footprint by 2040.
Dominion Energy has agreed to negotiate a Project Labor Agreement with three U.S. building and construction trade unions for its Coastal Virginia Offshore Wind (CVOW) project.
The 2019 result has exceeded the company’s expectations at the beginning of the year as well as its most recent guidance of DKK 16-17 billion.
Xodus Group has expanded its renewables business with the addition of a new wind analysis team.
Van Oord and Saare Wind Energy have entered into an agreement to jointly develop the Saaremaa offshore wind project in Estonia.
Axpo Deutschland has taken over the marketing of all the electricity produced by Global Tech I (GT I) offshore wind farm. The German subsidiary of the Switzerland-based Axpo was previously marketing one-fourth of the offshore wind farm’s produced power. Now, the company is in charge of the overall p
Renewable Infrastructure Development Group (RIDG), a new Scottish company in the offshore wind market, is planning to participate in the ScotWind leasing round. RIDG has revealed it is working towards the next round of offshore wind in Scotland due to be launched by The Crown Estate Scotland after t
EDP Renewables and Engie have signed an agreement to create a co-controlled 50/50 joint-venture in fixed and floating offshore wind. The agreement follows the last year’s signing of a strategic Memorandum of Understanding to form a new entity as an exclusive vehicle of investment of EDPR and Engie f
The first turbines, with a capacity of 1.5MW, were installed in 2000 at the 10.5MW Utgrunden offshore wind farm in the Baltic Sea in Sweden.
Installed offshore wind capacity in U.S. waters could reach 20GW by 2030, according to research by Rystad Energy. The research writes that the annual investments in the U.S. offshore wind sector could surpass USD 15 billion by the mid-2020s. Such a trajectory means capital expenditure in U.S. offsho
