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(OE) Export Finance Norway (Eksfin) has financed Nexans Norway’s new UK export cable contract with NOK 2bn (£155m) in loan guarantees. "The transaction covers the export and installation of advanced high-voltage subsea cables for the Moray West wind farm off the coast of Scotland. Export Finance Norway (Eksfin)’s global portfolio of loans and guarantees covering... Continue Reading →
(OE) Danish offshore wind installation firm Cadeler said Tuesday it had signed two contracts with Ørsted for the Hornsea 3 offshore wind farm in the UK. Cadeler said that together, the two contracts constitute a very large contract award. Cadeler classifies a very large contract as being worth between 500-700 million EUR. The first contract... Continue Reading →
(Reuters) After a bumper year for floating offshore wind farm tenders, the nascent industry is poised for explosive growth in the coming decade as countries strive to cut their carbon emissions. But it's unlikely to be all plain sailing. Rising costs and supply chain bottlenecks have hit some projects and without investment in infrastructure to... Continue Reading →
(Reuters) - Energy ministers from European countries surrounding the North Sea are set to pledge to quadruple offshore wind energy capacity by the end of the decade as they aim to turn the region into an engine of renewable power. Seven European Union countries, including Germany, France and the Netherlands, alongside non-EU countries the United... Continue Reading →
Fugro is set to deploy its Seawatch floating LiDAR, surface metocean equipment buoys and seabed landers at the offshore site in Scotland where ScottishPower Renewables plans to build its 2 GW MachairWind offshore wind farm, with seabed surveys scheduled to start this summer. Using the Forth Warrior vessel, this month, Fugro will install the equipment at two separate locations... Continue Reading →
Philip Lewis, Contributor Tens of gigawatts of floating wind projects are slated for development in this and the next decade, but many obstacles remain. There has been much focus on the emerging floating wind market of late. The U.K. is forging ahead with commercial scale floating wind developments through the Scotwind and INTOG awards of at... Continue Reading →
Engineering and design service provider Kent has been awarded a contract by EnBW and BP to carry out pre-Front End Engineering Design (FEED) studies for the 2.9 GW Morven offshore wind project in Scotland. The pre-FEED studies, which are expected to last six months, will involve engineering design work that supports key decisions, foundation type, corrosion... Continue Reading →
Corio Generation, part of Macquarie’s Green Investment Group, said Thursday it was joining the Global Offshore Wind Alliance, an international coalition founded by the Government of Denmark, the International Renewable Energy Agency (IRENA) and the Global Wind Energy Council (GWEC) to help countries transform their economies using offshore wind power. Corio has pledged to work... Continue Reading →
Thistle Wind Partners (TWP) has launched seabed surveys for its 1 GW Ayre floating offshore wind farm and the 1 GW Bowdun offshore wind farm in Scotland. G-tec is leading the first phase of the work, which is the geophysical surveying of the seabed at both sites, in leasing zones NE2 and E3, from March... Continue Reading →
(Reuters) - Private equity firm Apollo Management has made what it said was a final offer to buy John Wood Group (WG.L) for 1.66 billion pounds ($2.1 billion) in cash, after the British oilfield services and engineering firm rejected four earlier proposals. The 240 pence per share bid represents a premium of about 55% to Wood's closing... Continue Reading →
Brazil Energy Insight 