In a strategic endeavor to augment its footprint within the renewable energy sector, Equinor ASA has acquired a 9.8% minority stake in Ørsted A/S, comprising 41,197,344 shares in the Danish offshore wind developer. This transaction, positioning Equinor as the second-largest shareholder after the Danish State, is valued at approximately $2.5 billion, based on current market […]
Copenhagen Infrastructure Partners, a leading global investor in renewable energy infrastructure, has inaugurated the 300-megawatt (MW) Zhong Neng offshore wind farm in Taiwan. This landmark project is set to play a pivotal role in Taiwan’s quest to boost its renewable energy capacity and reduce its reliance on fossil fuels. As one of the largest offshore […]
The Biden-Harris administration has marked a significant milestone in its offshore wind development efforts by approving US Wind Inc.’s Maryland Offshore Wind Project, the nation’s tenth commercial-scale offshore wind energy project. The approval aligns with the administration’s goal of deploying 30 gigawatts (GW) of offshore wind energy by 2030, with over 15 GW already approved, […]
RWE, a prominent force in the offshore wind industry, has achieved a groundbreaking milestone with the successful installation of the Offshore Converter Platform (OCP) for its flagship Sofia Offshore Wind Farm. This pivotal infrastructure, which converts high voltage alternating current (AC) into high voltage direct current (DC), marks a significant advancement as RWE’s first deployment […]
RWE has emerged as the leading bidder in Germany’s latest offshore wind auction, securing two key sites, N-9.1 and N-9.2, in the German North Sea. These sites, located approximately 110 to 115 kilometres north-west of the island of Borkum near the Dutch Exclusive Economic Zone, have a combined potential to accommodate 4,000 megawatts of offshore […]
Repsol and EDF Renewables have entered into an exclusivity agreement to collaborate on future offshore wind tenders in Spain and Portugal. This strategic partnership aims to leverage the significant growth opportunities offered by the Iberian Peninsula in the renewable energy sector. Renewable generation projects are a cornerstone of Repsol’s energy transition strategy. The company has […]
In a significant move to strengthen its position as a leading integrated offshore services provider, DOF Group ASA has entered into an agreement to acquire Maersk Supply Service A/S (MSS) from Maersk Supply Service Holding A/S, a subsidiary of A.P. Møller Holding A/S. This strategic acquisition, valued at approximately USD 1.112 billion, involves a payment […]
In a landmark move for renewable energy, German chemical giant BASF and Danish energy powerhouse Ørsted have inked a 25-year corporate power purchase agreement (CPPA) centered on the Borkum Riffgrund 3 Offshore Wind Farm located in the German North Sea. This significant agreement positions BASF to offtake 186 megawatts from the 900 MW wind farm, […]
Danish energy giant Ørsted has entered into a significant partnership with Poland’s leading energy sector company, PGE Polska Grupa Energetyczna S.A. (PGE), to co-develop, construct, and operate two substantial offshore wind projects in the Baltic Sea. The joint venture aims to harness a total potential capacity of up to 2.5 GW from these initiatives. Ørsted […]
Siemens Gamesa Renewable Energy has secured a significant contract with the CrossWind Consortium, a joint venture between Shell Netherlands and Eneco, to supply turbines for the 759 MW Hollandse Kust Noord offshore wind park. This project is poised to play a crucial role in the Netherlands’ ambitious renewable energy strategy. Under the terms of the […]