The 99 MW Jeonnam I offshore wind farm in South Korea, being developed jointly by SK E&S and Danish Copenhagen Infrastructure Partners (CIP), has reached financial close. The construction completion of the wind farm is expected by the end of 2024. Jeonnam Offshore Wind Power was founded in 2020 as a
The European Commission (EC) has approved a EUR 193 million offshore wind support scheme in Lithuania to foster the country’s transition towards net zero. The project, to be supported under the scheme, will be selected through a competitive bidding process for a specified area in the Baltic Sea with
Japanese shipping company Mitsui O.S.K. Lines (MOL) has become a shareholder in the Norwegian floating offshore wind technology developer, Odfjell Oceanwind. According to Odfjell Oceanwind, the transaction generates significant capital which will be used to further strengthen the company’s position
Ocean Winds has joined forces with Banque des Territoires for the French AO7 South Atlantic offshore wind tender, through which the French government will select a developer for a 1 GW wind farm off the Ile d’Oléron. Earlier this year, France prequalified developers for the competitive dialogues for
Iberdrola and TMD Friction Services have signed a long-term power purchase agreement (PPA) to offtake energy from the Windanker offshore wind farm in the German part of the Baltic Sea. The 15-year agreement covers a supply of approximately 50 GWh of generated green electricity per year and will cove
Ireland-based Greencoat Renewables has signed an agreement to acquire an additional 22.5 per cent stake in the 288 MW Butendiek offshore wind farm in Germany from an affiliate of Siemens Pension Trust. The transaction, expected to be completed in November, is valued at around EUR 168 million. Greenc
Corio Generation and TotalEnergies, through the Attentive Energy joint venture company in the US, have submitted a proposal in response to the New Jersey Board of Public Utilities’ third offshore wind solicitation. The joint venture announced the bid for the 1,342 MW Attentive Energy Two project on
Avangrid, a member of the Iberdrola Group, and the Connecticut Electric Distribution Companies have agreed to terminate power purchase agreements (PPAs) for the Park City Wind offshore project. The developer said it plans to rebid the 804 MW Park City Wind in the upcoming auctions. ”One year ago, Av
Ocean Winds, a 50-50 joint venture by EDP Renewables and ENGIE, has sold 16.6 per cent of its majority stake in the Moray East offshore wind farm to Equitix. According to Ocean Winds, the sale will support the company’s investments in its additional 5 GW of offshore wind projects in Scotland. Follow
India’s largest oil and gas exploration and production company, Oil and Natural Gas Corporation (ONGC), and NTPC Green Energy Limited (NGEL), a fully owned subsidiary of India’s largest utility company NTPC, have signed a memorandum of understanding (MOU) to collaborate on offshore wind, clean fuel
German transmission system operator (TSO) 50Hertz has awarded several contracts to power cable manufacturers NKT and Prysmian. Valued at around EUR 4.6 billion in total, the contracts include offshore wind farm export cables, onshore energy connections, and interconnection for an energy island. NKT
Vestas has received a firm order for 76 of its 15 MW wind turbines for the Baltic Power offshore wind farm in Poland from the project’s developer, a joint venture between Orlen and Northland Power. Vestas signed a conditional agreement for the 1,140 MW project last month and announced the receipt of
The 1 GW Hai Long offshore wind project in Taiwan, being developed jointly by Northland Power and Mitsui & Co., has reached financial close for its 20-year TWD 117 billion (about EUR 3.4 billion) non-recourse green financing. According to Northland Power, the TWD 117 billion debt amount at closing c
London-based international investor and manager, John Laing Group, has acquired a stake in the transmission assets for the 1.3 GW Hornsea Two offshore wind farm in the UK, as part of a portfolio acquisition from HICL Infrastructure. John Laing Group has agreed to acquire HICL Infrastructure’s entire
