Bardex Corporation, Gabriel Engineering Partner Up for Floating Wind Moorings

(OE) Bardex Corporation and Gabriel Engineering Group have signed a memorandum of understanding (MoU) to collaborate on anchor, mooring, and precision-component technologies for floating offshore wind. The partnership will investigate development of a U.K. production facility for anchor, mooring, and 'jewellery' (precision component) systems, critical to the stability and efficiency of GW-scale floating offshore wind... Continue Reading →

March 28, 2025 0

Japanese Industry Partners Team Up for Floating Wind Commercialization

(OE) Kanadevia Corporation, Taisei Corporation, and Mitsui O.S.K. Lines (MOL) have signed a memorandum of understanding (MoU) to collaborate on the commercialization of floating offshore wind power generation. Kanadevia and Taisei, which specialize in construction and fabrication of floating foundations, and MOL, which has expertise in towing and mooring them, decided to share their knowledge... Continue Reading →

March 27, 2025 0

Vattenfall to build Germany’s largest offshore wind farm

(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 →

March 25, 2025 1

Engie Brasil to buy two hydro power plants for $523 million

(Reuters) - Power firm Engie Brasil said on Friday it had signed a contract to buy two hydro power plants in northern Brazil for about 3 billion reais ($523.2 million), according to a securities filing. Engie Brasil is buying the entities which hold the concessions to run the Cachoeira Caldeirao plant, located in Amapa state, and... Continue Reading →

March 24, 2025 0

Equinor Scales Down Climate Ambitions

(Reuters) Norway's Equinor on Thursday weakened its energy transition plan as it struggles to deliver on pledges to invest more in renewable energy and low-carbon technologies, citing practical difficulties and a shift in political priorities. The oil and gas producer in 2022 laid out short- and medium-term steps intended to achieve net zero emissions, including... Continue Reading →

March 20, 2025 0

RWE Cuts Back Planned Investments Citing ‘Global Uncertainty’

(Reuters) RWE, Germany's largest utility, on Thursday said it would cut investments by more than a fifth until the end of the decade, citing global uncertainty around renewable energy returns that has forced major sector players to pare back spending plans. Citing geopolitical risks as well as supply chain constraints, RWE said it was currently... Continue Reading →

March 20, 2025 0

Apollo to Buy Majority Stake in OEG in Over $1B Deal

(OE) Asset manager Apollo has agreed to acquire a majority stake in offshore energy solutions business OEG Energy Group as part of the transaction worth over $1 billion. Apollo, through its funds managed by its affiliates, will take the majority share from from funds managed by the Power Opportunities strategy of Oaktree Capital Management and... Continue Reading →

March 19, 2025 0

CIP Reaches Financial Close for Offshore Wind Farm in Taiwan

(OE) Copenhagen Infrastructure Partners (CIP), through its fund Copenhagen Infrastructure V (CI V), has reached financial close on the 495 MW Fengmiao I offshore wind project off the coast of Taichung in Taiwan. Fengmiao I project has secured an approximately $3.1 billion project financing from 27 international and Taiwanese banks. A portion of the project... Continue Reading →

March 19, 2025 0

Canada Pinpoints Five Offshore Wind Areas in Nova Scotia

(offshoreWIND.biz) The Nova Scotia Department of Energy and Natural Resources Canada has proposed five areas for the development of offshore wind farms. A regional assessment initially identified eight potential areas for offshore wind development. However, after further review, the governments shortlisted five to proceed as wind energy areas (WEAs). The five proposed WEAs are French... Continue Reading →

March 18, 2025 0

Japan progresses plan to build offshore windfarms in its EEZ

(rivieramm.com) Japan’s cabinet has approved a bill amendment that will allow offshore wind projects to be built in the country’s Exclusive Economic Zone (EEZ). The Global Wind Energy Council (GWEC) said the legislative procedure for the bill is "progressing smoothly" and now moves to the Diet for further deliberation. If approved during the ordinary Diet... Continue Reading →

March 18, 2025 0