Elia Transmission Belgium (ETB) and the European Investment Bank (EIB) have signed an agreement for a EUR 650 million green credit facility whose proceeds will be used for the first phase of the Princess Elisabeth energy island project. The construction phase of what will become the first artificial
MFW Bałtyk II sp. z o.o. and MFW Bałtyk III sp. z o.o. special purpose companies have signed a total of four agreements for the charter of crew transfer vessels (CTVs) for the construction of the offshore wind farms in Poland. Polenergia and Equinor hold 50 per cent stakes each in MFW Bałtyk II Sp.
Dominion Energy has completed the purchase of the Kitty Hawk North offshore wind lease area from Avangrid, Iberdrola’s US subsidiary, for approximately USD 160 million. The agreement includes a lease acquisition payment of USD 117 million, approximately USD 3,000 per acre, along with a reimbursement
Brazil’s SENAI Institute for Innovation in Renewable Energies (ISI-ER) and China’s Mingyang have signed a cooperation agreement for activities focused on offshore wind. According to the companies, the goal is to collaborate and share information to explore projects and technologies designed to stren
BlueFloat Energy has decided to cease the development of offshore wind projects in New Zealand following a global strategic review. BlueFloat Energy said it remains confident that offshore wind presents a strategic opportunity for New Zealand, contributing to both decarbonization and economic growth
DEME has been awarded a contract to carry out the transport and installation of inter-array cables and secondary steel for the 800 MW OranjeWind offshore wind farm in the Netherlands. Scheduled to start in the second half of 2026, DEME will deploy offshore and cable installation vessels, a hopper dr
In a little more than five years, renewable energy targets set for 2030 will come knocking on the door. Whether they will be reached, missed or overshot, depends on multiple factors, most of which concern policymakers and the energy sector itself. At the end of 2023, the EU increased the binding ren
Dutch engineering company, TWD, and its compatriot IX Renewables have signed a Memorandum of Understanding (MoU) to strengthen both companies’ presence in the offshore wind sector in the Asia-Pacific (APAC) region. Under the agreement, IX Renewables will focus on the management of offshore wind deve
Dominion Energy has closed on a transaction to sell a 50 per cent noncontrolling interest in the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project to Stonepeak. Dominion Energy will retain full operational control of the construction and operations of the offshore wind project, and Stonepeak will
Stiesdal Offshore and Copenhagen Infrastructure Partners (CIP) have entered into a partnership to drive innovation and cost efficiency in floating offshore wind. According to the companies, the partners will work to establish Stiesdal Offshore as a long-term leader in the floating wind industry. As
Ocean Winds, a joint venture between EDP Renewables and ENGIE, and Eletrobras have signed a memorandum of understanding (MoU) to study the development of offshore wind in Brazil. The agreement was signed during a ceremony attended by Elio Wolff, Vice President of Strategy and Business Development of
Scotland’s Montrose Port Authority (MPA) has decided to expand its offshore wind infrastructure by acquiring two new sites. MPA is set to embark on a major expansion with the acquisition of Montrose Commercial Park and the adjacent former Charleton Maternity Home site, increasing the port’s footprin
PetroGreen Energy Corporation (PGEC) and Copenhagen Energy (CE)’s floating offshore wind projects in the Philippines have been awarded the Green Lane Certificate by the Philippine Board of Investments (BOI). According to CE, the certification is designed to streamline the process of securing future
Statkraft has submitted a planning application to the Swedish Ministry of Climate and Economic Affairs for the 2.1 GW Baltic Offshore Delta North offshore wind farm in the Baltic Sea. The proposed offshore wind farm includes up to 105 turbines in an area far out at sea to ensure low to no visibility
