Community Offshore Wind, a joint venture of RWE and National Grid Ventures, has submitted a proposal to the New York State Energy Research and Development Authority (NYSERDA) to develop 1.3 GW of new offshore wind capacity in response to New York’s expedited fourth competitive offshore wind solicita
Europe’s offshore wind industry brought online a record 4.2 GW of new capacity in 2023 and is expected to build around 5 GW of offshore wind annually over the next three years, according to WindEurope data. However, this is still not enough to meet the continent’s 2030 climate and energy security ta
Denmark’s Copenhagen Infrastructure Partners (CIP) will launch a new company dedicated to developing energy islands globally with backing from Nordic, European, and North American investors. Named Copenhagen Energy Islands (CEI), the new company will build on CIP’s long-standing experience within of
A consortium led by Bibby Marine, which is working on bringing a zero-emission electric service operation vessel (eSOV) to the UK and European offshore wind markets, has contracted Longitude Engineering, a UK-based engineering consultancy and ship design firm, to design the new SOV. Bibby Marine ann
US-based investment company, BlackRock, has agreed to buy compatriot independent infrastructure fund manager, Global Infrastructure Partners (GIP), in a USD 12.5 billion cash and shares deal. Under the deal, the world’s largest asset manager will take over GIP for USD 3 billion in cash and approxima
The EU has added 17 GW of new wind energy in 2023 with 3 GW coming from offshore wind farms, according to WindEurope data. According to the WindEurope data, Germany built the most new wind capacity followed by the Netherlands and Sweden. The Netherlands built the most new offshore wind, including th
Rhode Island Senator Sheldon Whitehouse has released a draft version of a bill that would streamline the offshore wind development process and get new sources of affordable clean energy on the grid. Senator Whitehouse requests feedback on his bill from all stakeholders, including federal, state, and
Eversource Energy expects to record an impairment charge of between USD 1.4 billion and USD 1.6 billion related to three offshore wind projects in the United States the company owns in partnership with Ørsted. The New England utility is currently in the process of divesting its 50 per cent ownership
The offshore wind industry has faced significant headwinds in the past couple of years, with most of the negative effects tracing their origin back to the start of the COVID-19 pandemic and the geopolitical turmoil caused by Russia’s aggression against Ukraine. This has led to supply chain instabili
Updates on wind turbine technology and new offshore wind projects, including those facing major challenges, marked 2023 on offshoreWIND.biz. In the article below, we have compiled our ten most-read news last year, together with some of their related updates and stories. In February 2023, Vestas reve
Cadeler and Eneti have rang the bell at the New York Stock Exchange as one entity, marking the merger of the two companies and creating a leading offshore wind installation firm. Following the business combination of Cadeler and Eneti, the combined group will be named Cadeler and be headquartered in
As new offshore wind markets keep emerging and targets in established markets keep increasing, questions on how much capacity can actually be installed, especially until 2030 which is just around the corner, have come to the sector’s foreground. The most vocal on the (un)likeliness of the national a
The 288 MW Butendiek offshore wind farm situated in the German North Sea has secured a second long-term Power Purchase Agreement (PPA). Under the new agreement, BKW Energie AG, a Swiss energy utility, will purchase 18 per cent of the wind farm’s total production, equivalent to over 200 GWh annually,
The European Investment Bank’s (EIB) board of directors has approved a EUR 5 billion package of counter-guarantees to help improve access to finance for wind energy equipment manufacturers. The counter-guarantee scheme, which is part of the European Wind Power Package, was announced on 13 December.
