The German offshore wind energy supply chain is under real pressure due to a lack of auctions and a disappointing perspective for future auction volumes to 2030, according to WindEurope. The last German offshore wind auction was in April 2018 and no more are scheduled until 2021. This has lead to or
Wpd France has signed an agreement with DORIS Engineering to deliver studies for floating offshore wind in French waters. Under the agreement, DORIS said it will provide strategic expertise in aero-hydrodynamic, mooring, cables, geotechnical and structural issues. According to the French company, th
Siemens Gamesa Renewable Energy (SGRE) has been assigned a BBB long-term credit rating with stable outlook by Fitch. The agency attributes the rating to Siemens Gamesa’s consolidated leading position in the wind industry, with the necessary technical capabilities and scale to compete globally in an
Engie and EDP have signed a strategic Memorandum of Understanding (MoU) to create a co-controlled 50/50 joint-venture (JV) in fixed and floating offshore wind. The new entity will be the exclusive vehicle of investment of EDP, through its subsidiary EDP Renewables (EDPR), and Engie for offshore wind
Denmark’s Municipality of Esbjerg has signed an agreement to establish cooperation in the field of offshore wind energy with South Korea’s Ulsan Metropolitan City. In February 2019, the Royal Danish Embassy in Korea entered a cooperation agreement on renewable energy with the Ulsan Metropolitan City
TenneT Holding B.V. has launched and priced another Green Bond issue of EUR 1.25 billion, with proceeds set to be used for investing in offshore wind. The green bond is split into a tranche of EUR 500 million, under an 11-year term and a coupon of 0.875%, and EUR 750 million, under a 20-year term an
CSBC-DEME Wind Engineering, a joint venture between DEME Group and CSBC Corporation, has signed a contract with Copenhagen Infrastructure Partners (CIP) to transport and install wind turbines for two offshore wind projects in Taiwan, according to local media reports. The contract was reportedly sign
China Huaneng Group and the Jiangsu Province have signed a strategic cooperation agreement to develop an offshore wind base in this Chinese province. The two parties have committed to jointly investing CNY 160 billion (EUR 20.7 billion) to build the Huaneng Jiangsu offshore wind base which will inte
Vattenfall and GE Renewable Energy plan to join forces in the deployment of GE’s new wind turbine, the Haliade-X 12 MW, in Europe. With a capacity of 12MW, the Haliade-X is the largest offshore wind turbine on the market to date. Development and production of the new 12MW turbine will mostly take pl
EnBW North America has officially opened its first US office in Jersey City, New Jersey. The office will serve as the base for EnBW’s participation in offshore wind opportunities in New Jersey and New York. Jersey City Mayor Steven Fulop cut the ribbon, alongside NJ Economic Development Authority Se
France has moved up two positions and is now the third most attractive destination globally for investment in renewable energy due in part to a new focus on floating offshore wind. This is according to the 53rd EY Renewable energy country attractiveness index (RECAI). As reported earlier, France int
Copenhagen Infrastructure Partners (CIP) has established a new fund, Copenhagen Infrastructure New Markets Fund I K/S (CI NMF I), which will invest in renewable energy infrastructure targeting primarily Asia and Latin America. The new fund reached the first close of USD 700 million on 9 May and is e
German energy company RWE has secured a EUR 5 billion credit agreement in preparation for the integration of the renewables activities of E.ON and innogy. The line of credit, provided by 27 international banks, was significantly oversubscribed, RWE said. Under the agreement reached in March 2018, E.
Innogy has reported a 29% increase in adjusted EBIT in the first quarter of the fiscal year 2019, said to be due to earnings contributed by new wind farms, as well as prices and improvement in weather conditions. In the latest financial results, Innogy announced EUR 200 million in adjusted EBIT in Q
