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The global capacity of fully operational offshore wind farms has reached 80.9 GW, according to RenewableUK, whose new report also shows China is leading in total operational capacity, new capacity installed in 2024, as well as in the capacity of the project pipeline. The global operational offshore wind capacity increased by 15 per cent from... Continue Reading →
Vattenfall has signed a power purchase agreement (PPA) with the chemicals group LyondellBasell (LYB) to provide it with fossil free electricity from the Nordlicht 1 offshore wind farm off the German coast. The agreement includes the supply of electricity from the Nordlicht 1 offshore wind farm over a period for 15 years, starting in 2028.... Continue Reading →
(OE) Japan’s Kansai Electric Power has signed a share purchase agreement with Iberdrola to take part of 315 MW Windanker offshore wind project, being built in the German Baltic Sea. The Japanese electric company will co-invest in the asset through its subsidiary Windanker Investco, reaching a 49% stake, while Iberdrola will retain control with the... Continue Reading →
(Reuters) French oil major TotalEnergies is close to acquiring vertically-integrated renewable developer VSB Group from private equity firm Partners Group for about 2 billion euros ($2.10 billion), Bloomberg News reported on Tuesday. TotalEnergies and Partners Group declined to comment. VSB Group did not immediately reply to a request for comment. Germany-based VSB has a renewables... Continue Reading →
(OE) DEME has been awarded a contract, worth up to $52 million, for the construction of an offshore wind terminal in the Port of Cuxhaven in Germany. The terminal will boost Cuxhaven’s position as a key offshore industrial hub to support the handling of heavy-duty loads, particularly components for offshore wind farms. Operated by Niedersachsen... Continue Reading →
(OE) Vestas has received a firm order for RWE’s 900 MW Nordseecluster B offshore wind project in Germany. The order includes 60 V236-15.0 MW wind turbines and Vestas is responsible for the supply, delivery, and commissioning of the turbines. Upon completion, Vestas will also service the asset under a five-year service agreement followed by a... Continue Reading →
(Reuters) - KfW (KFW.UL) will provide a 24 billion euro ($25 billion) loan to help develop a future hydrogen network in Germany, the state lender told Reuters, at a time when companies have warned that the technology will take longer than expected to take off. Germany is betting on hydrogen, which can be used in... Continue Reading →
(Reuters) - BP is considering selling a minority stake in its offshore wind business, according to four sources with knowledge of the matter, the latest effort by CEO Murray Auchincloss to scale back the energy company's focus on renewables. The company has faced pressure from shareholders over its energy transition strategy, first launched in 2020, as renewables profit... Continue Reading →
(offshoreWind.wind) RWE and Luxcara have been selected as winners of the latest German tender, offering a total of 5.5 GW of capacity across three sites, N-9.1, N-9.2, and N-9.3, all located in the German North Sea. RWE has secured the sites N-9.1 and N-9.2, where the company plans to build two offshore wind farms with... Continue Reading →
(offshoreWind.biz) Renexia, Mingyang Smart Energy and Minister Adolfo Urso from the Ministry of Enterprises and Made in Italy (MIMIT) have signed a memorandum of understanding (MOU) that will see the Chinese OEM producing wind turbines in Italy and supplying 18.8 MW wind turbines for Renexia’s Med Wind floating wind farm. The agreement includes a EUR... Continue Reading →
Brazil Energy Insight 