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(OW) Vindkraft Värmland and Njordr, the Nordic developer, have sold 100 per cent of the shares in the joint company, Njordr Offshore Wind (NOW), to Statkraft. NOW holds a pre-permit portfolio of nine offshore wind projects in the Swedish economic zone with a total potential for up to 21 GW of installed capacity. The portfolio... Continue Reading →
(OET) PGE Polska Grupa Energetyczna and GE have signed an agreement for the development of a project aimed at testing the production of green hydrogen using a GE offshore wind turbine. In the planned project, hydrogen would be produced in an electrolyzer using electricity generated from the latest GE wind turbine model intended for the offshore... Continue Reading →
(Reuters) - Spanish power company Iberdrola (IBE.MC) on Thursday raised its 2023 outlook for the third time this year and hiked dividends after increased renewable output and margins drove net profit for the first nine months 17% higher. A European leader in green energy, Iberdrola has funded investment in renewable capacity and network assets by selling minority... Continue Reading →
(OM) Copenhagen Infrastructure Partners (CIP), through its development platform Vineyard Offshore, was awarded 1.3 GW in the latest solicitation for offshore wind power held by the New York State Energy Research and Development Agency. The award allows Vineyard Offshore to commercialize clean and reliable energy through its Excelsior Wind Project located in lease area OCS-A... Continue Reading →
(S&P) General Electric Co. executives said the company's offshore wind business expects to record a roughly $1 billion loss for 2023, though its onshore wind segment turned a profit in the third quarter thanks to a nearly 40% increase in North American equipment orders. "Next year, we expect offshore will have similar losses, but substantially... Continue Reading →
(epbr) Petrobras considers that it will be important to adopt qualification criteria in the auctions of areas for the installation of offshore wind farms and thus prevent the entry of companies that do not intend to carry out the projects. “It is important to have objective criteria that separate adventurers from serious investors”, stated the... Continue Reading →
Colombia hopes to launch its first-ever tender to license offshore wind blocks in December, Minister of Mines and Energy Andres Camacho said on Tuesday, adding that the ministry was analyzing more than 50 comments on a draft of the rules. In July, the ministry - then led by ex-Minister Irene Velez - said in a statement that tender documents... Continue Reading →
(Reuters) Abu Dhabi's Masdar is set to buy a 49% stake in Spanish utility Iberdrola's largest offshore wind project off Scotland's coast, known as East Anglia 3, Spanish newspaper Cinco Dias reported on Tuesday, citing unidentified market sources. The acquisition will be worth around 2 billion euros ($2.14 billion), the report added, as the entire... Continue Reading →
(OW) The Netherlands will reach, and exceed, the target set in its Offshore Wind Energy Roadmap 2023 by the end of this year. The country’s first offshore wind roadmap, created following the Dutch Energy Agreement signed ten years ago, sets a goal of 4.5 GW of installed capacity by the end of 2023 – and... Continue Reading →
French energy major TotalEnergies said Monday it had partnered with Corio Generation (Corio), an offshore wind developer, and Rise Light & Power (Rise), a New York-based electricity producer, for the joint development of the Attentive Energy offshore wind project off the coast of New York and New Jersey. Corio and Rise took respective stakes of... Continue Reading →
Brazil Energy Insight 