Poland's government signed on Wednesday a letter of intent with lobby groups and industry to collaborate on developing offshore wind farms in the Baltic Sea as the country seeks to reduce its reliance on coal.Poland, which generates almost 80% of its electricity from coal…
Denmark will reduce greenhouse gas emissions by 44% by 2030 compared with 1990 levels if no new initiatives are introduced, the Danish Energy Agency (DEA) projected on Thursday.This means Denmark, broadly seen as a leader in efforts to tackle climate change…
Fund management firm Copenhagen Infrastructure Partners (CIP) said on Tuesday it had started what it expects to be the world's largest fund for renewable energy infrastructure as it targets investments worth 100 billion crowns ($15.2 billion)…
TEPCO Renewable Power, a unit of Tokyo Electric Power Company Holdings, plans to spend about 1-2 trillion yen ($9-18 billion) to develop 6-7 gigawatts (GW) of offshore wind and hydroelectric power projects by 2035, its president said.'We aim…
Dutch offshore survey company Fugro has moved two vessels off the coast of New York to perform a large-scale site characterization program for Sunrise Wind offshore wind project.The project is being developed by Denmark's offshore wind developer Ørsted…
Shares in Innogy, once Germany's No.1 energy group by market cap, are expected to be delisted this week, as rival E.ON said it completed a buy-out of minority shareholders as part of a broader deal to break up the firm.'In the months ahead,…
Orsted, the world's largest offshore wind farm developer, is concerned the coronavirus may delay auctions for offshore projects as it prepares to enter the market, the head of its Asia-Pacific unit said. 'The pandemic will not influence investment decisions and general confidence in offshore wind…
The Board of Norwegian Energy Company (Noreco) has appointed David B. Cook as the new Chief Executive Officer of Noreco with effect from July 1, 2020.'Mr. Cook is an experienced executive with a successful track record from executive roles in the oil & gas industry…
Orsted beat first-quarter profit expectations on Wednesday and said the coronavirus would not 'materially' hit earnings this year although it might slow U.S. projects.The world's largest offshore wind developer said it did not expect the coronavirus…
Offshore wind turbine maker Siemens Gamesa Renewable Energy plans to expand its offshore wind turbine nacelle assembly facility in Taichung, Taiwan to form a regional offshore wind nacelle industrial hub together with Taiwan-based suppliers…
The oil price crash has led to Danish offshore wind developer Orsted overtaking Norwegian oil major Equinor as the most valuable energy company in the Nordics, highlighting the appeal to investors of renewables over fossil fuels. Shares in Equinor…
Norwegian shipbuilder Vard has said it has won a contract to design and build a Service Operation Vessel (SOV) for Ta San Shang Marine.The news comes a day after Orsted confirmed it would charter a newbuild SOV from Ta San Shang - a JV between MOL and TTM - on a 15-year deal…
RWE, Europe's third-largest renewables group, is partnering with Taiwan's Asia Cement Corp to enter one of the strongest-growing offshore wind markets outside Europe, its renewable arm said on Thursday.The partnership is for the Chu Feng offshore wind project…
Offshore wind farm developer Orsted has set out a plan to work with its service suppliers to decarbonize the supply chain by 2040. The move follows the Danish company's last week's commitment to becoming carbon neutral by 2025, and becoming…
Domestic and international lenders are vying for a slice of Japan’s nascent offshore wind power sector, which is expected to provide as much as ¥3trn (US$29bn) in project financing opportunities, albeit at very low margins. Akita Offshore Wind…
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