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(OE) Denmark-based offshore wind developer Orsted has decided to pull out of the Norwegian offshore wind partnership due to prioritization of investment in its portfolio. Ørsted joined Bonheur ASA's subsidiary Fred. Olsen Renewables AS, now Fred. Olsen Seawind ASA, and Hafslund in the Blaavin consortium in June 2021, in partnership for offshore wind developments in Norway.... Continue Reading →
(OW) Siemens Gamesa has discontinued its plans to build and operate an offshore wind turbine blade manufacturing plant in Virginia, US. The company’s USD 200 million (about EUR 187 million) manufacturing plant was planned to be built at the Port of Virginia’s Portsmouth Marine Terminal. It was intended to support major US offshore wind projects,... Continue Reading →
(Reuters) - Britain's Octopus Energy said it has made its first investment in German offshore wind under plans to scale up its renewables activity in the world's third-largest market. Octopus Energy Generation has taken a 5% stake in Butendiek, an 80-turbine offshore wind farm 32 kilometres west of the island of Sylt in the North... Continue Reading →
(Reuters) - Germany's EnBW (EBKG.DE) on Monday reported an adjusted net profit of 2.36 billion euros ($2.52 billion) for the January-September period, more than double its result a year earlier, citing positive power generation and trading as drivers. The net profit compared with 1.10 billion euros a year earlier, said the south-western utility in a statement, broadly confirming... Continue Reading →
(OE) Norway-based offshore wind developer Deep Wind Offshore has entered a partnership with the hydrogen company Hy2gen to produce green hydrogen from offshore wind. "The combination of offshore wind and hydrogen has massive potential. It is not possible to achieve net zero without green energy carriers, who will need a massive amount of renewable energy,"... Continue Reading →
(OE) Britain's Crown Estate said Thursday it was taking steps to enable the generation of up to an additional 4GW of green electricity from several offshore wind farm projects in development within the timeframe of the UK government’s offshore wind target of 50GW by 2030. The Crown Estate, which manages the seabed and much of... Continue Reading →
(TN) Equinor signed an agreement with Denham Capital to acquire Rio Energy, a leading company in onshore renewable energy in Brazil. The transaction includes selected assets and employees, while Denham Capital will retain certain assets. With this acquisition, Equinor reinforces its position as an energy company in the Brazilian market. "Through Rio Energy, Equinor will... Continue Reading →
(Reuters) Denmark's Orsted is still "committed" to developing offshore wind farms in the United States despite the company's cancellation of two projects off the coast of New Jersey, White House senior advisor John Podesta told Reuters on Monday. Podesta spoke with the company after its shock decision last week, he said in an interview. The... Continue Reading →
(OW) Norway-based Havfram has decided to wind up its business unit dedicated to the early-phase development of offshore wind farms, Kontiki Winds. Moving forward, the company said it would fully focus on the offshore wind transport and installations market. The news came a day after Havfram revealed that Kontiki Winds was ending its collaboration with... Continue Reading →
(OW) Several days ago, Ørsted called it quits on the Ocean Wind 1 offshore wind farm in the US, with some of the main issues leading to the decision to abandon the project being supply chain bottlenecks, primarily vessel shortages. This has affected not only the now-dropped Ocean Wind 1 but also the company’s Revolution... Continue Reading →
Brazil Energy Insight 