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(Reuters) Spanish utility Iberdrola said on Thursday it is launching a bid to acquire the remaining 18.4% stake in its U.S. subsidiary Avangrid that it does not hold in a deal that would amount to about $2.49 billion. Iberdrola said it is offering $34.25 per share, which represents a premium of approximately 10% compared to... Continue Reading →
(OE) Masdar, the UAE’s clean energy powerhouse, has acquired a 49% stake in the UK Dogger Bank South (DBS) offshore wind projects as part of the agreement with RWE. The partners will now jointly forge ahead with the delivery of these flagship projects. RWE, with a 51% stake, will lead development, construction and operation throughout... Continue Reading →
(OE) New York officials on Thursday awarded provisional contracts to two proposed offshore wind projects under a program meant to support the embattled industry and keep the state's clean energy goals on track. The state selected a planned 810-megawatt project, Empire Wind 1, (developed by Equinor) and Sunrise Wind, a planned 924-megawatt project (developed by... Continue Reading →
(As published in the February 2024 edition of Marine News magazine by Eric Haun) “The winds of change are blowing wild and free.” – Bob Dylan In the U.S. offshore wind industry, developments over recent months have placed an exclamation point on the word “wild”. Yes, the wind still blows “free”, but mounting challenges have proven... Continue Reading →
(Reuters) - French utility Engie (ENGIE.PA), opens new tab has secured more than $1 billion in tax equity financing from JPMorgan (JPM.N), opens new tab, Goldman Sachs (GS.N), opens new tab and BNP Paribas (BNPP.PA), opens new tab to fund six recently announced renewable projects in U.S. markets, the company said on Tuesday. The markets are in the Electric Reliability Council of... Continue Reading →
(OE) The U.S. Bureau of Ocean Energy Management (BOEM) has completed the environmental review of the proposed 2.6 GW New England Wind project offshore Massachusetts, being proposed by Avangrid’s unit Park City Wind. BOEM estimates the proposed project would generate up to 2,600 MW of electricity, enough to power more than 900,000 homes with clean,... Continue Reading →
(OE) Siemens Gamesa has produced the first nacelles for over 14 MW-rated offshore wind turbines that will be deployed at Moray West offshore wind farm in Scotland. The nacelles were produced at Siemens Gamesa’s Cuxhaven factory in Germany. According to the company, the nacelles are currently awaiting shipment, before being fitted with the B108 blades... Continue Reading →
(OE) The first components of the floating wind turbine, developed by renewable energy company Eolink as part of the France-Atlantique Project, arrived at the port of Brest. The project will deliver the largest operational floating wind turbine on the French Atlantic coast to meet the energy needs for 6,500 people. The arrival of the inaugural... Continue Reading →
(Reuters) Renewable energy firm Avangrid and fund manager Copenhagen Infrastructure Partners said on Thursday their joint venture, Vineyard Wind 1, has begun operations at five of its wind turbines, supplying 68 megawatts (MW) to the New England grid. Currently, the project has successfully installed nine turbines and is in the process of installing the 10th,... Continue Reading →
(OE) The United States’ Bureau of Ocean Energy Management (BOEM) approved the Construction and Operations Plan (COP) for Equinor’s Empire Wind project, marking another milestone in advancing the New York offshore wind project. With this permitting action by BOEM secured, Empire Wind is on track to begin construction in its federal lease area off the... Continue Reading →
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