Throughout the year behind us, we witnessed numerous business moves within the industry from mergers and takeovers to companies securing their positions in non-domestic markets where offshore wind is about to take off. Here, Offshore WIND is reminding of only few of the big business news from 2017.
The Offshore WIND editorial staff brings the most read news in 2017 chosen by you, our readers. From new technologies in the offshore wind industry to the development of subsidy-free bids, 2017 has shown us that the sector is developing faster than anyone had anticipated.
German offshore wind farms have generated over 17 terawatt-hours (TWh) of electricity in 2017, according to the data compiled by the Institute of the Renewable Energy Industry (Internationales Wirtschaftsforum Regenerative Energien).
Taiwan’s Environmental Protection Administration (EPA) has returned an Environmental Assesment Report (EIA) of a floating wind project developed by Eolfi back to the Bureau of Energy, citing navigation safety concerns.
Copenhagen Infrastructure Partners’ (CIP) fund Copenhagen Infrastructure III (CI III) had its sixth close on 27 December with total commitments reaching approximately EUR 2.8 billion after nine months of fundraising.
TMA Logistics B.V. has announced it hopes to expand its offshore wind activities after Hutchison Ports’ acquisition of the company’s 50% shareholding.
London-listed investment company The Renewables Infrastructure Group Limited (TRIG) has acquired a 14.7% indirect equity interest in the Sheringham Shoal offshore wind farm located off the coast of Norfolk, UK.
Danish offshore wind developer Ørsted did not submit a bid in the subsidy-free round of the Hollandse Kust Zuid I & II offshore wind farm tender in the Netherlands, Reuters reported the company’s chief strategy officer Martin Neubert as saying.
Ecosse Subsea has increased its turnover and underlying earnings in the current financial year largely due to a number of completed offshore wind and interconnector projects, the company said.
Nordsee One GmbH, the owner and developer of the 332MW Nordsee One offshore wind farm, has closed the restructuring of its term loan facility, significantly improving pricing conditions, according to Green Giraffe.
French floating wind developer Eolfi and Spain’s Cobra Concesiones have formed a partnership in Taiwan by which Cobra Concesiones finalized its shareholding in Eolfi Greater China.
Japan Wind Power Association (JWPA) has urged the Japanese government to introduce a new law which will allow construction of offshore wind farms in the ”general common sea area”.
The proposed Bay State Wind wind farm project will bring USD 1 billion direct investment to Massachusetts and will support the construction of the first purpose-built Jones Act-compliant installation and transportation vessels, the developers said.
China Guangdong Nuclear Power Group (CGN) and the government of the city of Jieyang have signed an agreement to develop a deep-water offshore wind project with a capacity of up to 3GW off the Guangdong Province in the South China Sea.
