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Business & Finance

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UK Labour Proposes to Build 37 Public-Private Offshore Wind Farms
Business & Finance

UK Labour Proposes to Build 37 Public-Private Offshore Wind Farms

The UK’s Labour Party has announced plans to build 37 new offshore wind farms with a 51 percent publicly owned stake. Offshore wind prices fell by 30 percent last week and there are more offshore wind farms installed in the UK than any other country. But deployment is still too slow, and all sites a

about 6 years ago
Manor Finishes Hohe See Job
Business & Finance

Manor Finishes Hohe See Job

Manor Renewable Energy (MRE) has completed its operations at the EnBW Hohe See offshore wind farm in Germany. MRE was in charge of providing temporary power, personnel and a multi-purpose vessel during the project’s turbine commissioning under a contract secured with EnBW in April. Located approxima

about 6 years ago
Ørsted Targets Ladder-Less Offshore Wind Access System with New Buy
Business & Finance

Ørsted Targets Ladder-Less Offshore Wind Access System with New Buy

Ørsted has acquired a 22.5% share in the Scotland-based Pict Offshore with an aim to mature a new ladder-less access system for the offshore wind sector. The Get Up Safe (GUS) system is a motion-compensated hoist solution that enables technicians to transfer between small moving vessels and offshore

about 6 years ago
Google Buys Norther Offshore Wind Power
Business & Finance

Google Buys Norther Offshore Wind Power

Engie has signed an agreement with Google to sell 92MW of energy produced by the Norther offshore wind farm in Belgium. Google will use the energy from the 370MW project to power its data center in Saint-Ghislain in what represents the first time the technology giant buys power from an offshore wind

about 6 years ago
Breaking: UK Offshore Wind Strike Prices Slide Down to GBP 39.65/MWh
Business & Finance

Breaking: UK Offshore Wind Strike Prices Slide Down to GBP 39.65/MWh

Offshore wind projects selected in the third Contracts for Difference (CfD) Allocation Round 3 will be delivered at a strike price as low as GBP 39.65/MWh, a near 30% reduction compared to the second CfD auction held in 2017. For the first time renewables are expected to come online below market pri

about 6 years ago
Energi Coast Welcomes CfD Round 3 Offshore Wind Winners
Business & Finance

Energi Coast Welcomes CfD Round 3 Offshore Wind Winners

Energi Coast is well-placed to support the development of the 1.4GW Sofia and the 3.6GW Dogger Bank projects selected in the Contracts for Difference (CfD) Allocation Round 3, this North East of England’s offshore wind cluster said. In total, six UK offshore wind projects have won CfD, including Sof

about 6 years ago
Moray West Says Show Must Go On
Business & Finance

Moray West Says Show Must Go On

The Moray West offshore wind farm remains viable despite not having been selected in the UK’s third Contracts for Difference (CfD) allocation round, the project developer confirmed. The project team stated that it recognizes an opportunity for Moray West to be awarded a CfD in the next auction round

about 6 years ago
RenewableUK: Offshore Wind Now the Cheapest Electricity Source in UK
Business & Finance

RenewableUK: Offshore Wind Now the Cheapest Electricity Source in UK

The results of the latest Contracts for Difference (CfD) allocation round have shown that offshore wind has now become the cheapest source of electricity in the UK, RenewableUK said. RenewableUK estimates that the 5.5GW of offshore wind projects selected in the CfD Allocation Round 3 will support ov

about 6 years ago
Dominion Energy Proposes to Build Largest US Offshore Wind Farm
Business & Finance

Dominion Energy Proposes to Build Largest US Offshore Wind Farm

Dominion Energy is proposing to develop a 2.6GW wind farm off the coast of Virginia by 2026, which represents the largest offshore wind development in the U.S. The news comes as Virginia’s Governor Ralph Northam signed an executive order which sets the goal of having up to 2.5GW of offshore wind dev

about 6 years ago
Saint-Nazaire Offshore Wind Project Nears Construction Start
Business & Finance

Saint-Nazaire Offshore Wind Project Nears Construction Start

EDF Renouvelables and Enbridge have held a ceremony to mark the beginning of construction on the Saint-Nazaire offshore wind project in France. Eolien Maritime France (EMF), a consortium of EDF Renouvelables and Enbridge, is developing the Saint-Nazaire project some 12km off the coast of Loire-Atlan

about 6 years ago
E.ON Completes Innogy Purchase
Business & Finance

E.ON Completes Innogy Purchase

E.ON has closed the purchase of a 76.8% stake in innogy from RWE, shortly after the European Commission approved the transaction. E.ON and RWE have been engaged in an asset swap since March 2018 in which E.ON takes over the 76.8% stake in innogy, while RWE obtains, among other things, all E.ON’s maj

about 6 years ago
Siemens Gamesa Boosts Green Guarantee Line
Business & Finance

Siemens Gamesa Boosts Green Guarantee Line

Siemens Gamesa has expanded its green guarantee line to EUR 1.25 billion which the company will use to fund its business of manufacturing and selling onshore and offshore wind turbines worldwide. In a deal arranged with BNP Paribas, the company converted a EUR 240 million guarantee line into a “gree

about 6 years ago
Lamprell Plans Facility Upgrade to Meet Offshore Wind Surge
Business & Finance

Lamprell Plans Facility Upgrade to Meet Offshore Wind Surge

Lamprell is set to make incremental investments in equipment and operational set-up at its Hamriyah facility in the United Arab Emirates (UAE) due to a growing number of planned offshore wind projects. According to Lamprell, the decision comes as a number of significant offshore wind projects are ex

about 6 years ago
Sunday Windy Sunday in Denmark
Business & Finance

Sunday Windy Sunday in Denmark

Wind turbines covered all the electricity consumption in Denmark on 15 September, marking a new record, according to Energinet. For the first time ever, wind turbines generated power all 24 hours and provided 130% of electricity during the day, much more than the Danes need for daily consumption, En

about 6 years ago
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