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Business & Finance

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NKT TenneT Germany
Business & Finance

TenneT Selects NKT Power Cable Systems for Two Projects in Germany

The Dutch/German transmission system operator (TSO) TenneT has selected NKT to provide high-voltage direct current (HVDC) on- and offshore power cable systems for two projects that are part of TenneT’s 2 GW programme. The contracts, valued at approximately EUR 1 billion, are set to be completed betw

about 1 year ago
KF Wind Fishermen's Union
Business & Finance

Korea Floating Wind Joins Forces with Local Fishermen

Korea Floating Wind (KF Wind), a floating offshore wind project being developed by Ocean Winds and Mainstream Renewable Power, has signed a memorandum of understanding (MoU) with the East Marine Energy Fishermen’s Union. KF Wind signed the MoU for mutual cooperation with the five local fisheries’ as

about 1 year ago
JERA Japan offshore wind
Business & Finance

Japan Awards Offshore Wind Sites to JERA-Led Consortium & BP and Partners

The JERA-led consortium and BP, along with its consortium partners, have been granted exclusive rights to develop two offshore wind farms in Japan’s territorial waters. The awarded sites are part of the country’s 3rd auction round, where a total capacity of 1.1 GW has been granted for development. B

about 1 year ago
Ørsted building and flags
Business & Finance

Equinor Completes EUR 2.2 Billion Ørsted Buy-In

Equinor has completed the acquisition of a 10 per cent stake in Ørsted, announced this October. The share purchase, which cost Equinor USD 2.3 billion (around EUR 2.2 billion), establishes the Norway-based global energy player as Ørsted’s second-largest shareholder, after the Danish State which hold

about 1 year ago
Jan De Nul, Hellenic Cables Sign Cable Framework Deal with French TSO
Business & Finance

Jan De Nul, Hellenic Cables Sign Cable Framework Deal with French TSO

Jan De Nul, in partnership with Hellenic Cables, has been awarded a framework agreement from France’s transmission system operator (TSO) Réseau Transport d’Electricité (RTE) to supply and install the export cables for two floating wind farms off the coast of Southern Brittany, totalling 750 MW. Jan

about 1 year ago
An image mapping Hornsea Four location within the Hornsea Zone
Business & Finance

Hitachi Energy to Supply Power Equipment to Ørsted’s Hornsea 4 Offshore Wind Farm

Hitachi Energy has received an order from Ørsted to provide the power electronics technology to integrate 2.4 GW of electricity from the Hornsea 4 offshore wind farm into the UK grid. The order, which is subject to the final investment decision, will see Hitachi Energy supply a grid-forming solution

about 1 year ago
A photo of Avangrid headquarters in Orange, Connecticut
Business & Finance

Avangrid to Delist from New York Stock Exchange as Iberdrola Completes Full Takeover

Iberdrola expects to close the Avangrid transaction today, 23 December, after the Spanish renewable energy company obtained the approval of the New York Public Service Commission to acquire the shares it did not already own in its US subsidiary. Once the transaction closes, Avangrid will become a pr

about 1 year ago
TotalEnergies Takes Majority Ownership of Two Danish Offshore Wind Projects
Business & Finance

TotalEnergies Takes Majority Ownership of Two Danish Offshore Wind Projects

TotalEnergies has acquired a majority stake in Jammerland Bay and Lillebælt South offshore wind farms in Denmark from European Energy and SONFOR. Under the deal, TotalEnergies acquired 85 per cent of the share capital in the 240 MW Jammerland Bay and 72.2 per cent of the share capital in the 165 MW

about 1 year ago
Hitachi Energy Amprion Korridor B
Business & Finance

Hitachi Energy Wins HVDC Contracts Worth Over EUR 2 Billion from Amprion

Hitachi Energy has signed contracts, totalling over EUR 2 billion, with German transmission system operator (TSO) Amprion to deliver four converter stations for two high-voltage direct current (HVDC) links that will support Germany’s clean energy transition. The orders follow the capacity reservatio

about 1 year ago
Building Materials Manufacturer to Buy Electricity from Iberdrola’s German Offshore Wind Farm
Business & Finance

Building Materials Manufacturer to Buy Electricity from Iberdrola’s German Offshore Wind Farm

Iberdrola and Schwenk Zement have signed a long-term power purchase agreement (PPA) for output from the 315 MW Windanker offshore wind farm in Germany. During the contract duration, 1,500 GWh will be supplied to Schwenk from the offshore wind farm currently under construction in the Baltic Sea. With

about 1 year ago
CIP Fengmiao 1
Business & Finance

CIP Secures Another Power Purchase Agreement for Fengmiao 1 Offshore Wind Farm

Denmark’s Copenhagen Infrastructure Partners has signed a corporate power purchase agreement (CPPA) with United Microelectronics Corporation (UMC) for Taiwan’s 500 MW Fengmiao 1 offshore wind farm. UMC will purchase more than 30 billion kWh of power from Fengmiao I over 30 years, marking the largest

about 1 year ago
Google Buys Offshore Wind Power from Vattenfall-CIP JV
Business & Finance

Google Buys Offshore Wind Power from Vattenfall-CIP JV

Google has signed a power purchase agreement (PPA) with Denmark’s Copenhagen Infrastructure Partners (CIP) for 250 MW of energy capacity at the Zeevonk offshore wind project in the Netherlands. Under the agreement, Google will purchase 250 MW of wind power generated at the Zeevonk project to power i

about 1 year ago
Site Studies Certification Needed for 4 GW Dutch Offshore Wind Zone
Business & Finance

ABL Bags Contract for TenneT’s 2 GW Dutch Offshore Grid Connections

The Dutch/German offshore transmission system operator (TSO) TenneT has awarded ABL a contract to provide marine warranty survey services for the installation of three 2 GW export cable systems in the Netherlands. Under the contract, ABL will work on the IJmuiden Ver Beta, IJmuiden Ver Gamma, and Ne

about 1 year ago
Delmar Systems Culzean
Business & Finance

Delmar Adds Lankhorst to Culzean Floating Wind Team

Lankhorst Offshore has been awarded a contract by Delmar Systems to supply mooring lines to Archer Wind for their work on TotalEnergies’ Culzean floating wind project offshore Aberdeen, Scotland. Delmar Systems will provide the total mooring solution for the floating wind turbine, which will moor th

about 1 year ago
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