French nuclear and renewable energy company Areva has finalized the sale of its 50% stake in the offshore turbine manufacturer Adwen to Spain’s Gamesa. Gamesa and Areva formed the Adwen joint venture in March 2015, with both companies investing around EUR 200 million, offering two 5MW turbine types
Vattenfall has started developing a proposal for an extension to the existing and operational Thanet offshore wind farm located approximately 12 kilometres from the shore at Margate in Kent, UK. The extension would comprise addition of up to 34 turbines on the edges of the existing 300MW wind farm w
Ecosse Subsea Systems (ESS) informed today that it had benefited as an ‘early adopter’ as it moved from its traditional focus in oil and gas into the renewables and interconnector markets. The company said its turnover in the current financial year will double to GBP 23-25 million, with profits jump
China plans to invest CNY 2.5 trillion (USD 361 billion) in renewable energy projects by 2020, according to the country’s National Energy Administration (NEA). The announced investment is part of the country’s 13th Five-Year Plan for Renewable Energy Development which is expected to ensure that rene
Japanese insurance company Dai-ichi Life informed this morning that it will participate in an offshore wind project financing in Germany with EUR 30 million (approx. JPY 3.5 billion). The company said the wind farm is expected to be built and operational “in the years ahead” and did not disclose the
U.S. offshore wind developer Fishermen’s Energy has lost government funding for its 24MW Atlantic City Wind Farm project off the coast of New Jersey after missing a deadline to secure a power offtake agreement. ”The planned Atlantic City Wind Farm sponsored by Fishermen’s Energy is one of three acti
Guangzhou Salvage Bureau of the Chinese Ministry of Transport and Rich Offshore (Rich Tech) signed an agreement on 30 December 2016, under which the two parties will set up an offshore wind joint venture. According to Guangzhou Salvage Bureau, the joint venture will be a player in the offshore wind
Spanish companies Navantia and Windar have signed a definitive agreement with compatriot Iberdrola for the construction of 42 jacket foundations and piles for the 714MW East Anglia One wind farm off Suffolk, UK. The scope of the contract, in addition to the 42 jackets, includes the construction of 1
German utility Stadtwerke Bochum has agreed to acquire a 10 percent stake in the 203MW Trianel Borkum II offshore wind farm. Other stakeholders in the Trianel Borkum II offshore wind farm include EWE AG and Trianel, with each company controlling a 37.5 percent share of the project. EWE AG and Triane
Triton, a private equity investment company, is now the largest shareholder of DeepOcean, after the investment announced at the end of November 2016 was completed on 31 December 2016. “Through the substantial equity raise and the future support of Triton, DeepOcean is well positioned to weather the
The Offshore WIND editorial staff wish our readers a happy and prosperous New Year! May it be at least as eventful for the offshore wind industry as 2016 was. To remind you of just how interesting 2016 was, we compiled a list of what was read the most throughout the year behind us. Oil & […]
Our Offshore ReWIND 2016 segment continues with a list of our top five interviews for the year behind us. The Big League Offering Lowest Offshore Wind Prices (Interview with Vattenfall) When you are talking with people working in real estate, there is a small chance you would not hear them saying: “
The editorial team at Offshore WIND have compiled a list of what we thought were the most important developments within the offshore wind industry in 2016. Vattenfall Wins Kriegers Flak Tender with EUR 49.9 per MWh Bid Swedish energy company Vattenfall has won the tender to build the 600MW Kriegers
As 2016 drew to a close, we thought it might be a good idea to look back and see what was read and viewed the most in what was a momentous year for offshore wind. As per our tradition, at the end of each year we compile lists containing the most popular content in a number of categories, […]
