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Business & Finance

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Germans and Dutch Sign Offshore Wind Sharing Deal
Business & Finance

Germans and Dutch Sign Offshore Wind Sharing Deal

Germany and the Netherlands have signed a Joint Declaration of Intent on the energy transition, which includes cooperation on the development of cross-border offshore wind projects. Germany’s Federal Ministry for Economic Affairs and Energy and the Dutch Ministry of Economic Affairs and Climate Poli

about 6 years ago
Offshore Wind Growth Partnership Offers First Project Funding
Business & Finance

Offshore Wind Growth Partnership Offers First Project Funding

The Offshore Wind Growth Partnership (OWGP) has issued its first funding calls for projects that have an aim of improving the UK offshore wind supply chain. OWGP is allocating GBP 400,000 in two calls for projects that aim to improve the competitiveness of the existing UK supply chain and encourage

about 6 years ago
European Commission Grants EUR 530 Million for Celtic Interconnector
Business & Finance

European Commission Grants EUR 530 Million for Celtic Interconnector

The European Commission has awarded a EUR 530 million grant for the Celtic Interconnector electricity link between Ireland and France. The decision comes after Taoiseach (Irish Prime Minister) Leo Varadkar and President of France Emmanuel Macron sought financial support from the Commission in May fo

about 6 years ago
Japanese Utility Takes Part of Formosa 2
Business & Finance

Japanese Utility Takes Part of Formosa 2

The European Commission has approved the acquisition of joint control by JERA, Macquarie and Swancor over the Formosa 2 offshore wind project in Taiwan. The 376MW Formosa 2 offshore wind project is currently owned by Macquarie and Swancor. The Commission concluded that the proposed acquisition would

about 6 years ago
Subsea 7 Buys 4Subsea
Business & Finance

Subsea 7 Buys 4Subsea

Subsea 7 has acquired 4Subsea, the Norway-based provider of technology and solutions for the offshore wind and oil & gas markets. 4Subsea will function autonomously within Subsea 7, maintaining an independent brand and management team, as well as Peter Jenkins keeping his role as CEO of the company.

about 6 years ago
North East England Organizes Offshore Wind Meetup
Business & Finance

North East England Organizes Offshore Wind Meetup

North East England’s offshore wind industry and the opportunities open to UK companies from significant upcoming wind farm developments will be the focus of an event taking place in the region in November. Offshore Wind North East, which is being held on 7 November, follows the government’s recent C

about 6 years ago
Equinor to Sell Half of Its Arkona OWF Stake
Business & Finance

Equinor to Sell Half of Its Arkona OWF Stake

Equinor has entered into an agreement to sell a 25% ownership interest in the Arkona offshore wind farm to funds advised by Credit Suisse Energy Infrastructure Partners AG. Equinor currently holds a 50% interest in the wind farm, and after the transaction, RWE Renewables, following the takeover of E

about 6 years ago
Østensjø Rederi and Foss Maritime Sign SOV Deal in US
Business & Finance

Østensjø Rederi and Foss Maritime Sign SOV Deal in US

Østensjø Rederi and Foss Maritime have entered into an agreement to provide domestic service operation vessels (SOVs) for offshore wind projects in the U.S. The two companies signed a Memorandum of Understanding (MoU) to establish a partnership for providing SOVs to owners and operators of U.S. proj

about 6 years ago
New California Offshore Wind Coalition Calls For 10GW by 2040 Goal
Business & Finance

New California Offshore Wind Coalition Calls For 10GW by 2040 Goal

A coalition of wind energy companies has launched Offshore Wind California (OWC), calling on the state to set a goal of reaching a minimum of 10GW of offshore wind by 2040. Founding member companies include Equinor, Ørsted, Northland Power, Principle Power, Aker Solutions, Magellan Wind and Mainstre

about 6 years ago
Port of Oostende Takes Full Ownership of REBO Terminal
Business & Finance

Port of Oostende Takes Full Ownership of REBO Terminal

The Belgian Port of Oostende is acquiring the shares of PMV, DEME Group and Artes-Group NV in REBO NV with an aim to stimulate the terminal’s further growth. The Port of Oostende said it wishes to focus as much as possible on the growth of the activities at the REBO terminal and has thus initiated t

about 6 years ago
InfraStrata Buys Harland and Wolff
Business & Finance

InfraStrata Buys Harland and Wolff

The UK-based InfraStrata has entered into an agreement to purchase the principal assets of Harland and Wolff Heavy Industries Ltd and Harland and Wolff Group Plc from administrator BDO NI. Under the GBP 6 million acquisition, InfraStrata will take over a multi-purpose fabrication facility, quaysides

about 6 years ago
RWE Takes Over E.ON’s Renewable Energy Assets
Business & Finance

RWE Takes Over E.ON’s Renewable Energy Assets

E.ON has transferred its renewables business, E.ON Climate & Renewables, to RWE as part of the transaction to acquire and integrate innogy. Back in March 2018, RWE and E.ON entered into an agreement by which E.ON is taking over RWE’s 76.79% stake in innogy, whereas RWE is obtaining among other thing

about 6 years ago
Head Energy Moves Closer to German Offshore Wind
Business & Finance

Head Energy Moves Closer to German Offshore Wind

Engineering and consulting company Head Energy Group has established Head Energy Germany GmbH in Hamburg as part of the expansion of its offshore wind business. Head Energy Germany GmbH will be administrated by Head Energy’s offshore wind experts in Esbjerg, Denmark, and has obtained an AÜ license t

about 6 years ago
OWC Carries Out Milestone Leg Penetration Assessment
Business & Finance

OWC Carries Out Milestone Leg Penetration Assessment

Offshore Wind Consultants (OWC), with sister company AqualisBraemar, has completed its 1,000th leg penetration assessment (LPA), which is conducted before deploying jack-up vessels at a project. LPA is an analytical study of soil conditions to predict the anticipated leg penetrations and potential r

about 6 years ago
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