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Denmark-based offshore wind developer Ørsted has signed an agreement with funds managed by Schroders Greencoat, a global specialist asset manager focusing on renewable energy infrastructure assets, to divest its remaining 25% minority interest in the London Array Offshore Wind Farm in the UK. The total value of the transaction is GBP 717 million (currently around... Continue Reading →
(Reuters) Renewables investor Octopus Energy Generation plans to invest $20 billion in offshore wind by 2030, aiming to boost energy security and reduce dependence on fossil fuels, it said on Monday. The firm, part of Octopus Energy Group, said the investment will generate 12 gigawatts (GW) of renewable electricity each year, enough to power 10... Continue Reading →
(OW) Vattenfall has stopped the development of the Norfolk Boreas offshore wind power project in the UK and will review the way forward for the entire 4.2 GW Norfolk Zone, the Swedish energy company revealed in its interim report. The developer said that the decision to stop the project was made due to ”challenging market conditions”,... Continue Reading →
US President Joe Biden will announce today the first-ever Gulf of Mexico offshore wind lease sale as part of his administration’s efforts to boost renewable energy, according to the White House. Today, the Department of the Interior (DOI) is issuing the final sale notice for the first-ever offshore wind lease sale in the Gulf of... Continue Reading →
(OET) Flotation Energy has signed a multi-million-dollar deal to start environmental surveys in the Bass Strait region in Australia despite licences for potential offshore wind projects not being awarded until later this year. Flotation Energy signed a USD 22 million contract with RPS to commence its two-and-a-half-year programme of environmental surveys for the 1.5 GW... Continue Reading →
Mingyang Smart Energy’s MySE 16-260 offshore wind turbine has been commissioned and is operating at full capacity in China, according to the company, which now overtook Goldwind in having the biggest wind turbine in the world installed as Mingyang’s compatriot’s 16 MW model has a rotor diameter of 252 metres. Mingyang launched a 16 MW turbine... Continue Reading →
(OW) Massachusetts’s electric distribution companies Eversource Energy, National Grid and Unitil have agreed to terminate their power purchase agreements (PPAs) for the Commonwealth Wind offshore wind farm at the request of the project developer, Iberdrola-owned Avangrid, which will pay USD 48 million in penalties for the termination that is yet to be approved by the... Continue Reading →
(OW) The 500 MW Fécamp offshore wind farm in Normandy, France, has started producing the first electricity and feeding it into the grid after the first wind turbine was installed at the beginning of this month. Following the load-out of the first four wind turbines from the port of Cherbourg, DEME Offshore’s Innovation proceeded with the installation... Continue Reading →
(Reuters) Japan's Toshiba plans to establish a domestic supply chain for offshore wind power equipment together with U.S. manufacturer General Electric, Nikkei reported on Saturday, as Japan is expanding in renewable energy in a zero-carbon push. Japan's offshore wind power market is set to grow as the government aims to install up to 10 gigawatts... Continue Reading →
An inter-ministerial working group on offshore wind set up by the Portuguese government as part of the process of organising the country’s first offshore wind tender has narrowed down the initially identified areas to three that would be offered for development later this year. As reported at the beginning of this year, the working group... Continue Reading →
Brazil Energy Insight 