Iberdrola to Triple Offshore Wind Assets

(Reuters) Europe's largest utility Iberdrola will keep betting on offshore wind in the coming years, roughly tripling the value of its assets in the sector to 17 billion euros ($18 billion), Executive Chairman Ignacio Sanchez Galan told shareholders on Friday. In the past couple of years, the Spanish firm has shifted its focus to upgrading... Continue Reading →

Japan and US Team Up to Cut Floating Wind Costs

(Reuters) Japan has agreed to partner with the United States to help reduce the cost of floating offshore wind projects, the White House said in a statement released during Prime Minister Fumio Kishida's visit to Washington to meet with President Joe Biden. Under the agreement, Japan and the U.S. would work to accelerate developments in... Continue Reading →

Cadeler and Eneti Complete Merger

(OE) Cadeler and Eneti have officially completed their merger, creating a leading offshore wind installation company. The New York- and Oslo-listed group will be named Cadeler and be headquartered in Copenhagen, Denmark, with offices across the world in Denmark, U.K., U.S., Taiwan, and Japan. Mikkel Gleerup, CEO of Cadeler, said, “This marks a historic moment... Continue Reading →

Japan Urged to Scale up Offshore Wind Auctions

(Reuters) International energy companies, from Germany's RWE to Spain's Iberdrola, are urging Japan to beef up offshore wind power auctions and make investments more attractive, amid soaring installation costs as competition for suppliers grows worldwide. Although desperate to ease its heavy dependence on energy imports from the Middle East and Russia, Japan is coming late to offshore wind,... Continue Reading →

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