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DEME and Greek renewable energy developer and independent power producer FARIA Renewables have signed a cooperation agreement to explore opportunities and co-develop offshore wind farms in Greece. Recognising the unique potential for growth in the offshore wind industry in the Mediterranean Sea and the evolving market, both companies aim to play a significant role in… Read More
The UK is set to start the next phase of its development of offshore wind energy power generation looking to launch the first commercial-scale development of a floating offshore wind farm. Known as Round 5, The Crown Estate will start the leasing process in early 2024. The industry stands at a crossroads in the UK…. Read More
After a year of struggles for offshore wind developments amid rising costs, canceled projects, and failed auctions, governments and policymakers in Europe and the U.S. have realized they may need to pay up to ensure projects are built to help their decarbonization goals. Europe and the United States risk missing their ambitious wind power installation targets as… Read More
Van Oord successfully completed the installation of the Hollandse Kust Noord offshore wind farm. This brand new offshore wind farm, located 18.5 kilometres off the west coast of the Netherlands near Egmond aan Zee, now generates enough renewable energy for more than 1 million Dutch households. CrossWind, a joint-venture between Shell and Eneco, contracted Van… Read More
Further to the press release issued on 17 October 2023, Ørsted has completed the divestment of 50 % of the Gode Wind 3 offshore wind farm 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… Read More
Ørsted is embarking on the construction of two carbon capture (CCS) facilities designed to capture and store carbon emissions from the woodchip-fired Asnæs Power Station in Kalundborg and the straw-fired unit at Avedøre Power Station in Greater Copenhagen. This project represents Denmark’s first full-scale carbon capture project and signals the dawn of a new era… Read More
Ørsted has taken final investment decision (FID) on phase one of Garreenleen Solar Farm, which marks the company’s first solar investment in Ireland. Located 15 km outside of Carlow town, this 81 MW solar development is expected to be operational by 2026 and will bring Ørsted’s operational capacity on the island of Ireland to almost… Read More
Italian company Fincantieri has set the main terms and conditions to acquire 100% of Remazel Engineering, helping it to strengthen its position in the growing offshore wind sector. The transaction enables the group to acquire highly specialised capabilities in the design and supply of topside equipment, while increasing its role as partner of the major… Read More
The UAE announced plans for its second large investment in the UK offshore energy sector forming a partnership with Iberdrola which is set to develop one of the largest wind farms in the UK sector. This initiative which is part of a broader cooperation between the UAE’s Masdar and Spain’s Iberdrola follows a similar agreement… Read More
Today (5th December) at COP28 in Dubai, global green energy giants Iberdrola and Masdar announced a €15 billion strategic partnership agreement to evaluate the joint development of offshore wind and green hydrogen projects in key markets including Germany, UK and the USA. After the parties’ successful co-investment in Baltic Eagle, in Germany, the new milestone of this alliance will be to… Read More
HOUSTON, Dec. 04, 2023 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced today that it was awarded a third rock installation contract to perform subsea rock cable protection on an offshore wind project off the East Coast… Read More
The Preservation Society of Newport County, which owns 11 historic properties, and the Southeast Lighthouse Foundation on Block Island filed appeals this week of the Bureau of Ocean Energy Management’s approval of the South Fork Wind Farm and Revolution Wind. “We support green energy,” Trudy Coxe, CEO of the Preservation Society, said in a statement. “For two… Read More
Ørsted has been granted a 1.6 GW electricity business license (EBL) by the Ministry of Trade, Industry & Energy of Korea for an offshore wind project located 70 km off the coast of Incheon City. The license grants Ørsted exclusive development rights for its gigawatt-scale Incheon offshore wind project, which is set to become the… Read More
Today, at COP28, Ørsted announced that the EU-Catalyst Partnership, which consists of the European Commission, Breakthrough Energy Catalyst, and the European Investment Bank, has vowed to support Ørsted’s FlagshipONE project, highlighting the innovative nature of this project and its potential to contribute to the decarbonisation of shipping. FlagshipONE is Europe’s largest e-methanol plant and is… Read More
Earlier this year, the Port of Long Beach announced plans to build Pier Wind, a $4.7-billion “floating” pier which would be used for the assembly of giant offshore wind turbines. That plan has taken a key step forward reality this week, with the start of the environmental review period for the project. The project, as detailed in… Read More