Climate Fund Managers (CFM), the manager of the Climate Investor One facility (CI1), have announced that construction has begun of its 48MW near-shore wind farm in Tra Vinh province Vietnam.CI1’s Construction Equity Fund has committed USD 71 million to the project company…
Offshore wind farm installation company Swire Blue Ocean has awarded Blue Water Shipping a contract to transport new crane boom for its Pacific Osprey jack-up unit.Blue Water Shipping will transport Pacific Osprey’s new crane boom from NOV’s manufacturing yard to Denmark aboard SAL’s M/V Wiebke…
Danish offshore wind farm company Ørsted is set to host an open house in the first week of February to update Atlantic City residents on the progress of Ocean Wind, New Jersey's first offshore wind project.Ørsted was in June 2019 selected as…
Wind energy companies EDP Renewables and Engie have signed a deal to form 50/50 joint-venture (JV) in fixed and floating offshore wind.EDPR and ENGIE will combine their offshore wind assets and project pipeline in this new entity, starting with a total of 1…
Danish wind energy developer Orsted is gearing up to launch its first big-ticket project financing in Taiwan, one of the world’s fastest-growing offshore wind markets.Orsted is expected to mandate banks next month on an NT$61.9bn (US$2bn) 18-year loan for its offshore wind farms in Changhua county…
A total of 1,469 offshore wind turbines with a capacity of 7,516MW feed electricity into the German offshore wind industry grid as of now. 160 turbines with a capacity of 1,111MW were connected to the grid in 2019.According to a joint press…
Poland's ministry of state assets has published a draft of legislation to promote offshore wind power, aiming to award more than 10GW in the Baltic Sea by 2027.The country will incentivise the construction of around 10 GW of offshore wind capacity…
Danish manufacturer of wind turbines Vestas is working towards becoming even more sustainable, as it is now striving to develop zero-waste wind turbines.'Vestas is expanding its sustainability focus beyond the positive contribution of its products to also address waste generated in the value chain…
New Jersey Governor Phil Murphy signed into legislation Bill, expanding the definition of a 'qualified offshore wind project'. This definition now includes an 'open access offshore wind transmission facility'.With the new legislation in place…
The global leader in offshore wind Ørsted has opened the operations & maintenance (O&M) base for the Borssele 1 + 2 offshore wind farm in Vlissingen, the Netherlands. The opening was organized together with Energy Port Zeeland.All construction…
Tekmar Energy, the provider of sub-sea cable protection systems for the renewable energy industry, has secured two contracts awards for the Danish Kriegers Flak offshore wind farm.'Tekmar Group is delighted to announce contract awards from Global…
Triton Knoll, a offshore windfarm which is being constructed 33km away from the coast of Lincolnshire in the North Sea, confirmed that the first of its 90 wind turbine monopile foundations has been safely and successfully installed, 32km off the Lincolnshire coast…
Denmark's Orsted, the world's largest operator of offshore wind parks, plans to steer clear of super-sized takeovers, its chief executive said on Tuesday, opting instead for a string of small deals as a strategy to grow.'I'm fundamentally convinced…
The global leader in offshore wind Ørsted becomes the first-ever energy company to top a index.The Denmark-based global power company has outperformed more than 7,300 global companies with billion-dollar revenues to rank #1 in Corporate Knights'…
Installed offshore wind capacity in US waters could reach 20 gigawatts by 2030 and annual investments in the sector could surpass $15 billion by the mid-2020s, according to new research by Rystad Energy.According energy research and business intelligence company…
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