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Business & Finance

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Damen Shipyards TSSM CSOV 9020
Business & Finance

Damen Receives Another Vessel Order from Taiwanese Company

The Netherlands’ Damen Group has signed a contract with Ta San Shang Marine (TSSM) for the construction of a new service operation vessel (SOV) that will serve offshore wind farms in Taiwan. The SOV will be built at the Damen shipyard in Vietnam and is slated for delivery at the end of 2026. This is

about 2 years ago
Edison Sicily
Business & Finance

EDF’s Italian Subsidiary Acquires Major Stake in 975 MW Floating Wind Project Offshore Sicily

Edison, the Italian subsidiary of EDF, has acquired a 50 per cent stake in Wind Energy Pozzallo, a special-purpose company that is developing a 975 MW floating offshore wind project in Sicily, Italy. Edison’s investment in Wind Energy Pozzallo was facilitated through a partnership with Blunova, a re

about 2 years ago
All Borssele 1 & 2 Turbines Standing
Business & Finance

WindEurope Warns Against Negative Bidding (Again) as Germany, Netherlands Bag EUR 4 Billion Through Offshore Wind Tenders

European wind energy industry organisation, WindEurope, has warned that the negative bidding approach will lead to the bid costs falling onto the supply chain and/or electricity consumers after Germany and the Netherlands closed their latest offshore wind tenders, securing nearly EUR 4 billion in to

about 2 years ago
Wikinger offshore wind farm, aerial view with one turbine close up
Business & Finance

Iberdrola Greenlights Its Third Offshore Wind Project in German Baltic Sea

Iberdrola has taken the final investment decision (FID) for its Windanker offshore wind farm in Germany, which has now advanced to the delivery phase. Windanker is the third offshore wind project for Iberdrola in the German Baltic Sea. The company already operates the 350 MW Wikinger and is developi

about 2 years ago
Floating Power Plant Siemens Gamesa
Business & Finance

Floating Power Plant Buys Siemens Gamesa Wind Turbine for Demonstrator Project

Denmark’s Floating Power Plant has purchased a wind turbine from Siemens Gamesa Renewable Energy for its flagship demonstrator project located off the coast of Gran Canaria. According to the company, the selected wind turbine, a 4.3 MW SWT-DD-120 from Siemens Gamesa, fits Floating Power Plant’s requ

about 2 years ago
Atlantic Shores Offshore Wind Inks MoU with New Jersey Unions
Business & Finance

Shell-EDF Joint Venture Taps Riggs Distler for Atlantic Shores Project 1 Substation Upgrade

Atlantic Shores Offshore Wind (Atlantic Shores), a joint venture between Shell New Energies US and EDF-RE Offshore Development, has picked Riggs Distler to lead the Cardiff substation expansion programme for Atlantic Shores Project 1. The contract scope includes the engineering, procurement, constru

about 2 years ago
2H Wins Moray West Integrity Management Contract
Business & Finance

2H Wins Moray West Integrity Management Contract

UK-headquartered 2H has been awarded a four-year integrity management (IM) contract for the 882 MW Moray West offshore wind farm in Scotland. The contract’s scope covers IM for all balance of plant (BoP) equipment, including the wind turbine’s monopile foundations and tower structures, inter-array a

about 2 years ago
RWE Thor
Business & Finance

EIB Grants EUR 1.2 Billion Loan to RWE for 1 GW Danish Offshore Wind Farm

The European Investment Bank (EIB) has committed to providing a EUR 1.2 billion loan to support RWE’s development of the 1 GW Thor offshore wind farm in Denmark. According to EIB, the loan will help finance monopile foundations, turbines, inter-array cabling, an offshore converter station, export ca

about 2 years ago
1.6 GW Nordlicht Project to Feature Vestas Low-Emission Steel Wind Turbines
Business & Finance

1.6 GW Nordlicht Project to Feature Vestas Low-Emission Steel Wind Turbines

Vattenfall and BASF have signed supply and service contracts with Vestas for 15 MW wind turbines in the Nordlicht offshore wind project in Germany. Out of the 112 turbines, 56 will partly be fabricated with low-emission steel, significantly reducing the carbon footprint of the towers, according to t

about 2 years ago
Titan Group Cuxhaven
Business & Finance

Titan Wind to Build XXXL Monopile Production Facility in Northern Germany

The Titan Group has made the final investment decision (FID) to build a production facility for XXXL monopiles in Cuxhaven, Northern Germany. Up to EUR 300 million will be invested in the company, with production to ramp up next year. Titan Group said that more than 600 jobs will be created by the p

about 2 years ago
Varberg Energi to Purchase Renewable Electricity from OX2’s Swedish Offshore Wind Farm
Business & Finance

Varberg Energi to Purchase Renewable Electricity from OX2’s Swedish Offshore Wind Farm

OX2 and Varberg Energi have agreed in principle for Varberg Energi to procure renewable electricity from the Galene offshore wind farm located near Varberg, Sweden, as well as from OX2’s solar project in the vicinity. The long-term goal of the agreement is for the companies to enter into a Power Pur

about 2 years ago
Cadeler Inch Cape Offshore Limited
Business & Finance

Cadeler to Install Vestas 15 MW Turbines at Inch Cape Offshore Wind Farm

Denmark’s Cadeler has signed a firm contract with Inch Cape Offshore Limited, a joint venture between Red Rock Power Limited and ESB, for the installation of 72 Vestas 15 MW wind turbines at the 1.1 GW offshore wind farm in Scotland. The contract value is projected to fall within the range of EUR 11

about 2 years ago
Deep Wind Offshore Saare 2.1
Business & Finance

Deep Wind Offshore Secures 1.5 GW Offshore Wind Site in Estonia

Norway’s Deep Wind Offshore has been named the winner of an auction for the development of an offshore wind farm in the Saare 2.1 area in Estonia. The only bid was submitted by Deep Wind Offshore in the amount of EUR 2,457,000, which was also the starting price of the auction, according to Estonia’s

about 2 years ago
An image rendering Aikido Technologies' platform under the Golden Gate bridge
Business & Finance

Aikido Nets USD 4 Million to Advance Floating Wind Tech

California-based floating wind technology developer, Aikido Technologies, has secured USD 4 million (approximately EUR 3.7 million) in seed funding to advance its platform technology and establish pilot projects. The financing was led by Azolla Ventures with participation from Propeller Ventures, Sa

about 2 years ago
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