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Jan 7 (offshoreWIND.biz) Switzerland-headquartered Holcim has taken a minority equity ownership in the floating offshore wind technology developer BW Ideol. “This investment sends a powerful message to the floating offshore wind industry, confirming the maturity and deliverability of concrete foundation solutions. With Holcim by our side, we’re making significant strides in our large-scale, concrete serial... Continue Reading →
Aug 6 (Reuters) Germany's Economy Minister Katharina Reiche warned on Wednesday that flawed site selection and shifting market dynamics were undermining offshore wind tenders, as the country's latest offshore auctions received no bids. Two August tenders for offshore wind energy plants, with volumes of 2,000 MW and 500 MW, and planned commissioning dates in 2031 and 2030, drew no bids for the first... Continue Reading →
(OE) Iberdrola has signed green financing agreement with 24 banks for the East Anglia THREE offshore wind farm, being developed together with Abu Dhabi Future Energy Company (Masdar). The transaction valued at $4.88 billion, which was 40% oversubscribed, is one of the largest of its kind to date and will cover a substantial part of... Continue Reading →
(Reuters) - Swedish power utility Vattenfall said on Tuesday it has made a final investment decision for two wind farm projects in the German North Sea, Nordlicht 1 and 2, the first of which is expected to become Germany's biggest offshore wind farm. Vattenfall said in a statement it had agreed to buy back the... Continue Reading →
(OE) RWE, the U.K.’s largest power generator, has signed a 10-year power purchase agreement (PPA) with Telehouse International Corporation of Europe to supply it with green electricity from the London Array offshore wind farm. Under the agreement, RWE will supply a substantial amount of the renewable energy used at Telehouse’s London Docklands campus, Europe’s most... Continue Reading →
Yunneng Wind Power joint venture partners have inaugurated the Yunlin offshore wind farm in Taiwan, which is now fully operational and generating renewable electricity at its planned capacity of 640 MW. Yunneng Wind Power joint venture consists of TotalEnergies with 29.46% stake, Skyborn Renewables with 31.98%, EGCO Group with 26.56%, and Sojitz with 12%. The... 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 →
The California State Lands Commission and the ports of Long Beach and Humboldt have joined forces to advance floating offshore wind development off the California coast. Through this collaboration, they aim to develop critical port infrastructure for wind turbine assembly, with installations planned 20-30 miles offshore Humboldt County and Morro Bay. “This important agreement parlays... Continue Reading →
(Reuters) - Norwegian energy company Equinor has received an offer from the South Korean government for a fixed-price power purchase agreement for a 750-megawatt (MW) floating offshore wind project, the company said on Thursday. "We have received an offer for an offtake contract for our Bandibuli project," an Equinor spokesperson told Reuters. The company will now... Continue Reading →
(offshoreWIND.biz) The Massachusetts State Legislature has passed a clean energy bill aimed at strengthening future offshore wind contracts. Among other provisions, the bill would allow the state to negotiate contracts of up to 30 years, extending the current 20-year limit. According to Massachusetts State Senator Karen E. Spilka, the legislation allows future offshore wind contracts to... Continue Reading →
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