Latest News for: Offshore investment projects


RINA wins cable verification services contract for Sofia Offshore Wind Farm

Power Technology 27 Oct 2021
The project includes 320kV high-voltage direct current offshore cables that are 220km long and run from the landfall area to the OCP ... In March, RWE made a financial investment decision on the Sofia Offshore Wind Farm, which represented a total investment of approximately $4bn (£3bn).

Hope for Africa's energy industry persists despite COVID-19

China Daily 27 Oct 2021
Greenfield activity is also expected to keep increasing for the remainder of this decade as many of the liquefied natural gas projects in East Africa start attracting investments. Greenfield investments offshore in sub-Saharan Africa are also expected to increase with the recovery in sanctioning activity.

Siemens Gamesa to build $200m offshore turbine blade facility in US

Power Technology 26 Oct 2021
Siemens Gamesa Renewable Energy has announced plans to build its first US offshore wind turbine blade facility in Virginia with an investment of more than $200m. The new facility would support the 2.6GW Coastal Virginia Offshore Wind Commercial project of Dominion Energy.

Avangrid official: Offshore wind project will power 700K homes

Daily Advance 26 Oct 2021
Construction of the Kitty Hawk Offshore Wind project could begin as early as 2023 ... Once it is operational it is expected the offshore wind project will create around 900 jobs annually ... Avangrid, which operates the Amazon Wind Farm in Pasquotank, bought the lease for the offshore Kitty Hawk project in 2017 for $9 million.

Eco-friendly Concrete Foundations Support US Wind Power Plan

The Birmingham Times 25 Oct 2021
A large-scale pilot project is planned to evaluate the ... To stay competitive in this sector, the Energy Department invests in wind research and development projects, both on land and offshore, to advance technology innovations,” the Energy Department’s website says.

NS&I green saving bonds go on sale with fixed 0.65% interest rate

The Observer 22 Oct 2021
... projects and join the fight against climate breakdown ... The money invested will help finance green projects chosen by the government, which could include zero-emission buses, offshore windfarms and flood defences, and tree-planting and environmentally sustainable farming schemes.

RWE pledges to spend GBP 15bn for UK renewables

Renewables Now 21 Oct 2021
The proposed investment includes committed investments in projects that are already under construction, RWE said on Tuesday ... The German group has 2.1 GW of wind capacity in operation in the UK and currently most of its investments there are in the offshore wind sector.

Abolish energy price cap, says Scottish Power boss

BBC News 21 Oct 2021
Shock absorber ... His comments come the day after Scottish Power confirmed it was investing £6bn in three offshore wind projects. It was the centrepiece of a raft of investments the government announced at a global investment summit in London followed by a reception for business leaders at Windsor Castle attended by the prime minister and the Queen ... .

EDF Renewables attracts new investor for UK Blyth offshore wind farm

Renewables Now 20 Oct 2021
" allow us to invest in new renewables projects such as our recent acquisitions including the Codling offshore wind park development in Ireland, and a number of solar projects to be built next year in the UK," EDF Renewables UK chief executive Matthieu Hue said.

Ørsted to divest 50% stake in German offshore wind farm

Power Technology 20 Oct 2021
Glennmont invested in Borkum Riffgrund III in an effort to meet its institutional investors' requirements ... It is expected to be commissioned in 2025 after Ørsted reaches a final investment decision on the project, which it intends to take by the end of this year.

Developed nations to fund solar projects through international alliance: RK Singh

Hindustan Times 20 Oct 2021
Frans Timmermans, European Commission Executive Vice President for the European Green Deal said EU will support investment in renewable energy as there was a huge appetite for sustainable investment support for small-scale renewables, roof top and community level projects and offshore wind projects.

EDPR plans to invest $17.7bn in the UK energy sector by 2030

Power Technology 19 Oct 2021
This will be in addition to the £2.65bn invested in the Moray East and Moray West offshore wind projects by Ocean Winds, a joint venture between EDPR and Engie ... Ocean Winds is also awaiting the results of the ScotWind offshore leasing round, in which bids were submitted for developing both fixed and floating projects.

Portugal's EDP to invest up to 13 bln stg in UK wind and solar by 2030

Reuters 18 Oct 2021
Britain has largest offshore wind ... The 13-billion pound investment is in addition to a 2.65 billion-pound investment by Ocean Winds, EDP's 50-50 joint venture with French utility Engie (ENGIE.PA), in the Moray East and Moray West offshore wind projects in Scotland, EDP said.

TotalEnergies opens UK offshore wind hub in North Sea oil, gas center

Arab News 18 Oct 2021
“With the energy transition gathering speed, we see Scotland as a great place to broaden our relationship by investing in offshore wind ... TotalEnergies, formerly Total, also announced a £140 million investment in a 2 gigawatt offshore wind project called West of Orkney Windfarm.

AWO President & CEO Gives Remarks on Facilitating Investment in American Vessels to Support U.S. ...

Johnson City Press 18 Oct 2021
"A big part of creating the demand that stimulates investment in new vessels is getting offshore wind projects approved in a timely way, and I encourage you to think of the domestic maritime industry as your partners not only in developing vessel solutions to meet your logistics needs, but in bringing about this important new American market.".