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(OW) American multinational automotive manufacturing corporation General Motors (GM) has led a Series A investment round of up to USD 10 million into Wind Catching Systems, the Norwegian developer of multi-turbine floating offshore wind systems, to help fund the development and commercialization of the technology. General Motors has made the investment through GM Ventures, the... Continue Reading →
A collaboration between Equinor and Technip Energies on Floating Wind Substructures was announced during the Seanergy conference in Normandie, France. The collaboration is intent on building on the two companies’ joint ambition of driving the industrialization of floating offshore wind. “We see longer-term collaboration from an early phase as the next step within floating offshore... Continue Reading →
(TN) Ocean Winds, a 50-50 joint venture between world energy leaders ENGIE and EDP Renewables dedicated to offshore wind power generation, announces the launch of OW Brasil, a wholly owned Brazilian company investing in offshore wind project development opportunities in the country. Highly interested in Brazil's 700 GW offshore wind power potential (according to a... Continue Reading →
(RC) Brazil has made a surprise leap forward to take lead position among global offshore wind power project pipelines with almost 100GW in development, according to new calculus from research house the Renewables Consulting Group (RCG). According to RCG’s latest Global Offshore Wind Annual Market Report, the South American nation – which has yet to install... Continue Reading →
By: Elaine Maslin (OE) Wind power pioneer Henrik Stiesdal built his first wind turbine in 1978. It was one of Denmark’s first step towards becoming a wind energy powerhouse, with Stiesdal regularly at the helm. He’s now got wider climate initiatives in his sights, including industrializing floating offshore wind. He reflected with OE’s Elaine Maslin.... Continue Reading →
(OW) Wind Catching Systems AS (WCS), the Norwegian developer of a floating wind system using multiple turbines, has completed a Series A investment round of up to USD 10 million led by the venture capital arm of an undisclosed global industrial company. The proceeds from the Series A financing will be used to fund the... Continue Reading →
(OW) KfW IPEX-Bank, together with Crédit Agricole CIB, Banco Santander, S.A., Mizuho Bank, European Investment Bank (EIB), and the Danish Export Credit Agency (EKF), has decided to finance the 30 MW Eoliennes Flottantes du Golfe du Lion (EFGL) floating wind project offshore France. KfW IPEX-Bank is the first German bank to finance a floating offshore wind farm,... Continue Reading →
(Reuters) Portugal wants to speed up its energy transition and will double the capacity of its first auction for floating offshore wind farms to 6-8 gigawatts (GW), Environment Minister Duarte Cordeiro said on Wednesday. As part of a global shift from carbon-emitting fossil fuels, countries are betting on new technologies to boost power generation from... Continue Reading →
(OE) The Petroleum Safety Authority Norway (PSA), the Norwegian offshore safety watchdog, has consented to Equinor taking the Hywind Tampen floating offshore wind farm into use, as the first turbine set sail to the offshore location. Equinor’s 88MW Hywind Tampen will be the world’s largest floating offshore wind farm once completed later this year. It... Continue Reading →
N-Sea has commenced geophysical, (limited) UXO and environmental surveys within the area of the White Cross floating offshore wind project in the Celtic Sea The activities, which began on 29 May, will see the company survey the offshore wind farm location and the project’s export cable route corridor. Offshore works will be completed by N-Sea... Continue Reading →
Brazil Energy Insight 