Europe added 1.9GW of new offshore wind capacity in the first half of 2019, up from the 1.1GW installed in the same period last year, according to WindEurope. Countries that contributed to the new installations are the UK with 931MW, including Ørsted’s Hornsea Project One offshore wind farm, Denmark
EnBW reported an operating result of EUR 204.9 million in the Renewable Energies division in the first half of 2019, a 24.3% rise on the previous year. According to EnBW, the increase in adjusted EBITDA is mainly due to the overall improvement in wind conditions at offshore and onshore wind farms in
The Offshore Wind Industry Council (OWIC) has set up a new task force aimed at helping increase the number of skilled people working in the UK’s offshore wind sector. The Investment in Talent Group is developing a passporting system to ensure all parts of the energy sector recognize transferable ski
The development, construction and 25-year lifetime operation of Scotland’s largest offshore wind farm, Beatrice, is expected to generate GBP 2.4 billion of value for the UK economy, a new analysis has found. The 84 turbine, 588MW Beatrice offshore wind farm – the fourth largest offshore wind farm in
The Maryland Energy Administration (MEA) is launching two offshore wind grants for the 2020 fiscal year, with combined funds of USD 2.8 million. The Maryland Offshore Wind Capex program, with allotted funds of USD 1.6 million, provides grant funding to help defray capital expenditure investments for
DNV GL has launched its first LiDAR verification site in Asia, located in the Jella Province in South Korea. According to DNV GL, LiDAR verification campaigns for Asian stakeholders previously had to be conducted at oversea sites, while they now have the opportunity to be done locally. “Previously,
Swedish energy company Vattenfall has reported an 18.4 percent increase in wind power generation in the first half of 2019 compared to the same period a year earlier, mainly due to the addition of new capacity. During the last twelve months, Vattenfall has commissioned the 97MW Aberdeen Bay (EOWDC)
The UK Crown Estate has presented a revised tender design for Offshore Wind Leasing Round 4. Offshore Wind Leasing Round 4, which will make at least 7GW of new seabed rights available to the market, is designed on the basis of a three-stage tender process, involving a pre-qualification stage (PQQ) t
The Dutch PGGM Infrastructure Fund has increased its stake in the 367MW Walney offshore wind farm in the Irish Sea to 24.8 percent. The Dutch pension fund had had a 14.9 percent interest in the wind farm through the Offshore Partners Walney Holdco Limited (OPW) consortium with the Ampère Equity Fund
Offshore wind industry must quickly respond to a changing global risk profile in order to avoid large-scale financial losses, GCube Insurance said. As the offshore wind sector expands globally, prices fall, and technology evolves, asset owners and investors are becoming increasingly exposed to techn
Beatrice Offshore Windfarm Ltd (BOWL), the owner of the 588MW Beatrice offshore wind farm, has achieved a financial close on a refinancing of its senior debt facilities. The refinancing comprises primarily commercial bank debt and also includes an institutional tranche. Several of the project’s orig
The UK Planning Inspectorate has completed the examination of Vattenfall’s application for the Development Consent Order (DCO) for the Thanet Extension offshore wind farm. The Examining Authority informed that the findings, conclusions and recommendations from the examination will be sent to the Sec
Hagland Shipbrokers, a merger of the Norway-based RG Hagland AS and Denmark’s North Sea Shipbrokers, has completed the rebranding of all offices. After 18 months of cooperation between the offices in Norway and Denmark, the German and UK offices have been incorporated and rebranded to Hagland Shipbr
Danish investment company A.P. Møller Holding A/S has agreed to acquire the compatriot KK Group A/S from SoLix Group AB. KK Group’s main activities are realized through KK Wind Solutions, a supplier of power electronics solutions to OEMs such as SiemensGamesa, Vestas, MHI Vestas, and GE Renewables.
