Spanish energy major Iberdrola is set to increase its ownership in Neoenergia to 98 per cent after a strong shareholder response to its takeover bid, marking one of the largest delisting transactions in Brazil to date, the company said on 9 April. Following the auction related to the offer launched
South Korea has completed the financial close structure for the 390 MW Shinan Ui offshore wind project, with funding set to begin flowing into construction from the second quarter of 2026. The Financial Services Commission (FSC) announced on 9 April that a project financing agreement has been signed
The Netherlands will introduce a new offshore electricity bidding zone for wind farms that will be linked to the planned 1.8 GW LionLink hybrid interconnector, which will connect the Dutch and UK grids. The LionLink project was launched in April 2023 and is led by the countries’ transmission system
Euroports has presented advanced plans for Koverhar, a large-scale offshore wind industrial hub in Finland, designed to support the growing demand for supply chain capacity in the Baltic Sea. The plan for the Finnish offshore wind hub was unveiled last year, when Euroports signed a Letter of Intent
RWE and ASML, the global supplier of lithography systems for the semiconductor industry, have entered a new Power Purchase Agreement (PPA), following a ten-year PPA that the two companies signed in 2021. The initial agreement is now being expanded to cover around 130 MW of installed renewable capaci
Vietnam’s Refrigeration Electrical Engineering Corporation (REE) is planning a billion-US-dollar push into offshore wind as part of its renewable energy expansion strategy, according to Vietnamese media. At its 31 March 2026 annual general meeting, REE outlined plans to significantly scale up its po
Tekmar Group has been awarded two contracts with a combined value of GBP 2 million (around EUR 2.3 million) for an offshore wind project in Japan, the UK-headquartered company said in an investor update on 31 March, leaving the project and the client unnamed. The main contract involves the supply of
An investment of over GBP 30 million (around EUR 35 million) in new facilities that will support offshore wind construction at the Port of Nigg in Scotland has received final approval by Maraen, a new integrated energy infrastructure brand launched by Mitsui & Co. Europe and Mitsui O.S.K. Lines (MOL
The UK government has announced up to GBP 64 million (approximately EUR 74 million) in funding to develop Port Talbot in South Wales into a major hub for floating offshore wind in the Celtic Sea. The investment, led by the Department for Energy Security and Net Zero (DESNZ), aims to establish the po
Hydro-Québec, the power utility owned by Canada’s Québec province, has issued a Request for Information (RFI) to assess options to connect to offshore wind farms in waters off Nova Scotia, which is now running the country’s first offshore wind tender. With the RFI, Hydro-Québec aims to gather inform
BW Ideol has signed the final grant agreement for up to EUR 74 million from the EU Innovation Fund for a factory in Fos-sur-Mer, France, that will produce concrete floating wind foundations. The factory, dubbed Fos3F, has also secured up to EUR 52 million from the French State. The final agreement f
Vestas plans to build a nacelle and hub assembly facility in Scotland to support offshore wind projects in the UK and across Europe. The proposed factory would require a capital investment of more than EUR 250 million and is planned to manufacture nacelles and hubs for the company’s V236-15.0 MW off
Navantia UK has secured funding to expand its offshore wind manufacturing capabilities at the Arnish Yard in Stornoway, as Highlands and Islands Enterprise (HIE) has approved GBP 6 million (almost EUR 7 million) for two offshore wind-related developments in the region. The company will receive a GBP
The US Department of the Interior (DOI) and TotalEnergies have signed settlement agreements to terminate the company’s two offshore wind leases in the United States, confirming recent reports that a deal was being drafted under which TotalEnergies would be reimbursed USD 928 million (around EUR 806
