Bridges Fund Management has acquired wind turbine repair and maintenance provider GEV Wind Power from Maven Capital Partners. The acquisition comes as Bridges sought to invest in renewable energy as part of its Sustainable Planet theme, and the investment was handled via its Sustainable Growth Funds
Equinor has met with the supplier industry in Norway to discuss cost-effective solutions for floating offshore wind farms on the Norwegian Continental Shelf. Equinor got together with Global Center of Expertise (GCE) NODE companies in Agder to talk about finding cost-optimal solutions related to des
ERSG has opened an office in Taiwan, which represents its first in the Asia Pacific region. The news follows the recently announced collaboration agreement between ERGS and Taiwan Offshore Windfarm Service Corp. (TOWSC) for the local offshore wind market. With the agreement, ERSG and TOWSC target th
The Carbon Trust’s Offshore Wind Accelerator (OWA) has launched an international competition focused on improving offshore wind resource models. The competition will enable modelers to access six validation cases from operational offshore wind farms in the North Sea, owned by OWA’s industry partners
UK-based fund manager Glennmont Partners has entered into an agreement with Global Infrastructure Partners (GIP) to acquire a 25% stake in the Gode Wind 1 offshore wind farm in Germany. The acquisition is the first offshore wind investment to be realised from Glennmont’s EUR 850 million Clean Energy
German wind energy agency WAB has launched a campaign aimed at supporting the visibility of the local offshore wind supply chain. The launch of the German Inland Campaign comes as the German offshore wind supply chain is affected by the reduced expansion targets, WAB said. The agency emphasized that
The UK government has passed the law to bring all its greenhouse gas emissions to net zero by 2050. The UK has become the first major economy to pass the net zero emissions law committing to end its contribution to global warming by 2050. According to the government, net zero means any emissions wou
Shell and CoensHexicon Co. Ltd have signed an agreement to develop, construct and operate a floating offshore wind farm in South Korea. According to CoensHexicon, initial project development started early this year for the wind farm which will be located circa 40km off the coast of Ulsan. The partie
Senator of Delaware Tom Carper and Maine Senator Susan Collins have introduced a bill expected to initiate investments in the U.S. offshore wind market by extending tax credits. The Incentivizing Offshore Wind Power Act would extend the investment tax credit (ITC) at 30% for offshore wind farms that
France’s Ideol and the Japanese Shizen Energy have signed an agreement to jointly develop a commercial-scale floating offshore wind project in Japan. The multi-megawatt floating wind project will comprise Ideol’s Damping Pool technology located off the coast of Kyushu and will draw upon Shizen’s exp
The global offshore wind sector has the potential to grow to 200GW of capacity by 2030, according to a new report by the Global Wind Energy Council (GWEC). The Global Offshore Wind Report includes a business-as-usual (BAU) scenario which does not incorporate further technical development or opportun
Offshore wind in Germany produced 12 billion kWh in the first half of 2019, which is a 30% increase compared to 9.2 billion kWh in the first half of 2018, according to preliminary calculations. The research is being conducted by the Center for Solar Energy and Hydrogen Research Baden-Württemberg (ZS
Senator of Massachusetts Edward J. Markey, Rhode Island Senator Sheldon Whitehouse and Congressman Jim Langevin have reintroduced legislation said to spur the growth of offshore wind in the U.S. by extending tax credits for the renewable energy industry. The Offshore Wind Incentives for New Developm
The global market for offshore wind has grown by 16% in the last twelve months, with the largest gains coming from the USA, new figures from RenewableUK show. The biggest single growth market over the last year has been the USA, which accounted for nearly half (48%) of growth globally, RenewableUK s
