Renewables firm EDPR’s recurring first-half profit jumps 33%, driven by US business

July 29 (Reuters) - EDP Renewables, the world's fourth-largest wind energy producer, said on Wednesday recurring first-half net profit rose 33% from ​a year earlier and beat analysts' expectations, driven by ‌solid growth in U.S. operations. The renewables arm of Portugal's EDP said recurring net profit, which excludes one-offs, reached €183 million ($209 million), exceeding the... Continue Reading →

Floating Wind Farm Offshore France Reaches Full Power

July 10 (offshoreWIND.biz) The 30 MW Éoliennes Flottantes du Golfe du Lion (EFGL) floating offshore wind farm, located off France’s Mediterranean coast, has reached full power, Ocean Winds (OW), the owner and developer of the project, said. With three 10 MW turbines located 16 kilometers off the Occitanie coast and installed on semi-submersible floaters, this... Continue Reading →

Equatorial and Iberdrola in talks to buy Enel assets in Brazil, Valor reports

 July 6 (Reuters) - Brazilian power firm Equatorial ​and Spain's Iberdrola are in talks with ‌Enel to buy assets of the Italian firm in Brazil, Brazilian newspaper Valor Economico reported on Monday, citing ​sources. Enel is in a spat over its ​power concession in Sao Paulo, with authorities considering ⁠revoking the approval due to a series ​of outages in recent... Continue Reading →

Trump Administration Strikes New Offshore Wind Lease Buyback Deal, Invenergy Agrees to Exit Four Projects

June 18 (offshoreWIND.biz) The US Department of the Interior (DOI) said on 17 June that it had reached an agreement with Invenergy under which the developer will relinquish four offshore wind leases in exchange for a USD 765 million (approximately EUR 664 million) reimbursement and redirect the capital into natural gas and geothermal energy projects.... Continue Reading →

Offshore Wind Ambitions Now Span Every Continent as First African Country Joins Global Alliance

June 17 (offshoreWIND.biz) Kenya has become the first African country to join the Global Offshore Wind Alliance (GOWA), marking a milestone for the global expansion of offshore wind. Announced at the eleventh Our Ocean Conference in Mombasa on 17 June, Kenya’s accession to GOWA positions Africa alongside Europe, Asia, North America, South America and Australia... Continue Reading →

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