Denmark-based Copenhagen Infrastructure Partners (CIP) and Avangrid have secured a USD 1.2 billion first-of-its-kind tax equity package for the 800 MW Vineyard Wind 1 offshore wind project in the US. The investment transaction, which CIP said is the largest single asset tax equity financing and the
The New York State Energy Research and Development Authority (NYSERDA) has selected Attentive Energy One, Community Offshore Wind, and Excelsior Wind projects, totalling 4,032 MW in generation capacity, in the state’s third offshore wind solicitation round. In this article: The three offshore wind p
Vattenfall and France-based Air Liquide have signed a power purchase agreement (PPA) covering 115 MW of capacity of the 1.5 GW Hollandse Kust Zuid, one of the largest offshore wind farms in the world. Contracted over a 15-year period beginning in 2026, the PPA will bring the overall renewable power
The Port of Milford Haven has submitted a multi-million-pound funding application to the UK Government’s Floating Offshore Wind Manufacturing Investment Scheme (FLOWMIS) initiative to expand Pembroke Port. The project aims to create a cutting-edge port base that will play a pivotal role in nurturing
TotalEnergies has partnered with Corio Generation and Rise Light & Power (Rise), a New York-based electricity producer, for the joint development of the Attentive Energy offshore wind project off the coast of New York and New Jersey. Corio and Rise took respective stakes of 27.7 per cent and 16.3 pe
The Scottish Government will invest up to GBP 500 million (approximately EUR 576 million) in the country’s offshore wind supply chain in the next five years, announced Scotland’s First Minister Humza Yousaf on 17 October. Up to GBP 500 million will leverage private investment in ports, manufacturing
Ingka Investments, the investment arm of Ingka Group, which owns retailer IKEA, has invested in Source Galileo’s portfolio of offshore wind projects in Ireland and the UK. Ingka Investments has secured a 20 per cent stake in the offshore wind project portfolio of Source Galileo. The London and Dubli
Volvo Cars and Eolus Vind have signed a letter of intent to collaborate on the Västvind offshore wind power project off the coast of Gothenburg, Sweden. The partnership is based on an ambition that the wind farm will supply electricity to Volvo Cars’ operations at Hisingen. The partnership involves
Ørsted has signed an agreement to divest 50 per cent of the Gode Wind 3 offshore wind farm in the German North Sea to funds managed by Glennmont Partners from Nuveen. Gode Wind 3 has a capacity of 253 MW and was awarded to Ørsted in 2017 and 2018 as two separate projects with a […]
Ørsted has selected Cathay Life Insurance as the preferred bidder for a 50 per cent ownership share in the 583 MW Greater Changhua 4 offshore wind farm in Taiwan. Following a competitive divestment process, Ørsted signed an exclusivity agreement with Cathay Life Insurance, selecting the Taiwanese in
The New York State Public Service Commission has denied petitions filed by a group of offshore wind developers and a state renewable energy trade association seeking financial relief for four proposed offshore wind projects and 86 land-based renewable projects. The petitions denied were submitted by
The Lithuanian National Energy Regulatory Council (NERC) has confirmed the joint venture between Ocean Winds and Ignitis Renewables as the winner of Lithuania’s first offshore wind tender after the partnership was selected in the auction in July and declared the provisional winner. Ignitis Group, th
New Zealand power generation company Meridian Energy and Belgian offshore wind developer Parkwind have signed a memorandum of understanding (MOU) under which they will explore joint development of offshore wind projects in New Zealand, primarily off the Taranaki coast. In April 2022, the Belgium-bas
UK-based Inspirit Capital has acquired crew transfer vessel (CTV) owner CWind from Global Marine Group. CWind completes approximately 60,000 crew transfers annually, utilising its fleet of CTVs, including the world’s first hybrid surface effect ship, CWind Pioneer. The company provided services at w
