Several days ago, Ørsted called it quits on the Ocean Wind 1 offshore wind farm in the US, with some of the main issues leading to the decision to abandon the project being supply chain bottlenecks, primarily vessel shortages. This has affected not only the now-dropped Ocean Wind 1 but also the comp
Vattenfall and TKF have signed a multi-year partnership for the supply of inter-array cables for offshore wind farms in Europe. The agreement covers the supply of 66 kV inter-array cables and will apply to all fixed-bottom European offshore wind farms developed by Vattenfall in the coming years. The
Canada Pension Plan Investment Board (CPP Investments), through its wholly-owned subsidiary CPPIB Renewables Europe S.à r.l, has agreed to sell its 24.5 per cent stake in two German offshore wind farms to a wholly-owned subsidiary of Enbridge. Under the transaction, CPP Investments will sell its sta
Power and Air Condition Solution Management (PASM), a wholly owned subsidiary of Deutsche Telekom, has signed a long-term power purchase agreement (PPA) with EnBW for power from the 960 MW He Dreiht offshore wind farm in Germany. Under the PPA, PASM will source 100 MW from the new wind farm in the G
Iberdrola has signed a strategic agreement with Abu Dhabi-based Masdar to co-invest in the 476 MW Baltic Eagle offshore wind farm in the German Baltic Sea. According to the terms of the transaction, the valuation of 100 per cent of the project amounts to around EUR 1.6 billion. Following confirmatio
Corio Generation and Greek technology company Globalsat have signed a memorandum of understanding (MOU) to explore opportunities for offshore wind development in Greece. According to Corio, the partnership combines its expertise in auction preparation and project development with Globalsat’s deep kn
Due to adverse impacts relating to supply chain delays, increased interest rates, and the lack of an Offshore Wind Renewable Energy Credit (OREC) on Sunrise Wind, Ørsted has recognised impairment losses of DKK 28.4 billion (about EUR 3.8 billion) in the first nine months of 2023. The majority of imp
The Connecticut Department of Energy and Environmental Protection (DEEP) has issued a Request for Proposals (RFP) for 2 GW of offshore wind generation capacity. The RFP contains a few new provisions, including an indexed pricing option that adjusts for inflation and multi-state bids under the recent
Danish renewable energy developer Ørsted has decided to cease the development of the Ocean Wind 1 and Ocean Wind 2 offshore wind projects in New Jersey. In addition, the company, together with Eversource, has taken a final investment decision (FID) on the 704 MW Revolution Wind, Rhode Island and Con
The Netherlands-based Huisman has signed a partnership agreement with ESD to expand its cable-lay product portfolio, with the aim of increasing its position in the offshore wind market. According to Huisman, the agreement will see the combination of ESD’s expertise in designing smart cable-lay solut
In an announcement on acquiring a further stake in the German Butendiek offshore wind farm earlier this month, Ireland-based Greencoat Renewables said that the project had signed one of the largest renewable energy Power Purchase Agreements (PPAs) in Germany. It has now been revealed the electricity
Several Korean companies have joined forces on a multi-gigawatt offshore wind project in the southwest of Korea. The project consists of three offshore wind farms with a combined installed capacity of 3.2 GW, which would produce enough electricity to power 3 million households. On 30 October, HD Hyu
Vindkraft Värmland and Njordr, the Nordic developer, have sold 100 per cent of the shares in the joint company, Njordr Offshore Wind (NOW), to Statkraft. NOW holds a pre-permit portfolio of nine offshore wind projects in the Swedish economic zone with a total potential for up to 21 GW of installed c
The International Marine Contractors Association (IMCA) has issued a new Code of Practice with the aim of improving subsea power cable installation in offshore wind by preventing cable failure and thus enabling savings for the offshore wind industry. The Code of Practice for Offshore Cable Laying in
