Principle Power and South Korea’s HSG Sungdong have agreed to a non-exclusive Memorandum of Understanding (MoU) to jointly advance engineering efforts for the scalable production and assembly of WindFloat technologies. According to Principle Power, the agreement furthers the development of a sustain
India’s Union Cabinet has approved the viability gap funding (VGF) scheme for offshore wind energy projects totalling Rs. 7453 crores (approximately EUR 833 million). This includes about EUR 765 million for the installation and commissioning of 1 GW of offshore wind projects – 500 MW each off the co
Global energy consultancy Xodus has established a new dedicated offshore renewables engineering arm, named Evolv Energies, to strengthen its capabilities in the offshore markets. Evolv Energies has been created to deliver broader engineering services as the development of renewables projects ramp up
Singapore-based Mooreast has revealed that its wholly-owned subsidiary, Mooreast Asia, intends to acquire a 98,919 square metres facility from a subsidiary of Seatrium, quadrupling its production capacity in Singapore to serve the floating offshore renewable sector. Mooreast expects to complete the
A consortium made up of investment funds belonging to Australia-headquartered Macquarie Asset Management and Spring Infrastructure Capital has reached an agreement to divest a 37.5 per cent stake in the 573 MW Race Bank offshore wind farm in the UK to Norges Bank Investment Management. The stake was
Danish wind turbine manufacturer Vestas has awarded its compatriot Maersk a contract for transporting the extra heavy powertrains of its largest ever-built wind turbine V236. The heart piece of the 15 MW wind turbine weighs 260 tonnes alone and will be installed in the nacelle in Vestas’ factory in
CSBC-DEME Wind Engineering (CDWE), a joint venture between Belgium’s DEME and Taiwanese shipbuilder CSBC, has secured a new offshore wind contract in Taiwan. CDWE has been selected by Copenhagen Infrastructure Partners (CIP) to transport and install foundations for the 500 MW Fengmiao 1 offshore win
Vestas has revealed the client and project details for an agreement first announced on 13 June. This conditional agreement, signed with Vattenfall and BASF, involves supplying 112 V236-15.0 MW wind turbines for the Nordlicht 1 and 2 offshore wind projects in the German North Sea. Within the scope of
UK-headquartered Offshore Wind Consultants (OWC) and renewable energy project management company Bridge Wind Management have entered into a strategic alliance that will see the two partners providing a one-stop-shop solution for asset and operational management for offshore wind projects. OWC and Br
The largest Dutch offshore wind tender is now completed with winning bidders announced. In March, when the application period closed, the Netherlands Enterprise Agency (RVO) said that despite challenging market conditions, several proposals were submitted. Here, we’re bringing a few more details abo
Ørsted has taken a final investment decision (FID) on battery energy storage for its 2.9 GW Hornsea 3 offshore wind farm in the UK, where the developer will use a Tesla system with a capacity of 600 MWh and a power rating of 300 MW. The battery energy storage system (BESS) will be installed in [&hel
Germany’s HTM Helicopters has placed an order for one Airbus H145 helicopter, with options for two additional units of the same type, that will be used in offshore wind operations. The latest version of Airbus’ H145 adds a five-bladed rotor to the multi-mission H145, increasing the useful load of th
The Netherlands’ Pondera Consult and ENMARO (Energy Market Observer sp. z o.o.) have signed an agreement to jointly source, define, and target potential offshore wind project opportunities in Poland, leveraging their combined products and services as a consortium. The agreement was signed in Świnouj
UK-headquartered North Star has secured debt investment of up to GBP 425 million (approximately EUR 500 million) to accelerate its ambition to add 40 hybrid service operation vessels (SOV) to its fleet by 2040. The committed financial package of GBP 225 million includes term facilities from existing
