offshore

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Upcoming Auctions May Not Meet UK’s 50 GW Offshore Wind Target by 2030

Energy industry trade association Energy UK has warned that the upcoming Contracts for Difference (CfD) auction will not be sufficient to meet the UK Government’s...

May 9, 2023

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Arjun Joshi

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Markets & Policy

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Renewable Energy
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Daily News Wrap-Up: SECI’s Renewable Trading Revenue at ₹100 Billion in FY23

Central government-owned Solar Energy Corporation of India has earned over ₹100 billion (~$1.22 billion) in renewable power trading revenues in the financial year...

April 25, 2023

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Mercom India

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Daily Wrap-up
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Ocean Winds’ Offshore Project in Scotland Secures Finance of $2.4 Billion

Floating offshore wind power solutions developer Ocean Winds announced that its Moray West Offshore Wind Farm in Scotland secured £2bn (~$2.4 billion) of non-recourse...

April 24, 2023

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Gourav Mishra

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Other

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Wind
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TenneT Signs $33 Billion Contracts for Offshore Wind Grid Development

Netherlands-based transmission system operator TenneT has awarded contracts worth around €30 billion (~$33 billion) to four partners to develop and deliver 14 offshore...

April 21, 2023

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Arjun Joshi

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Grid

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Other
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Norway Invites Bids for Developing Offshore Wind Projects of at least 1.5 GW

Norway has invited bids for offshore wind projects worth at least 1.5 GW, which can be expanded by another 2.25 GW depending on the conclusion of the ongoing survey. The...

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US Releases Strategy to Deploy 30 GW of Offshore Wind by 2030

The U.S. Department of Energy (DOE) released its Offshore Wind Energy Strategy, which targets deploying 30 GW of offshore wind projects by 2030 while spurring $12...

March 30, 2023

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Arjun Joshi

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Markets & Policy

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Wind
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EnBW Takes €2.4 Billion Final Investment Decision on Offshore Wind Project

German electric utility company Energie Baden-Wuerttemberg (EnBW) has made its final €2.4 billion (~$2.6 billion) investment decision on He Dreiht, a major wind project...

March 24, 2023

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Arjun Joshi

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Finance and M&A

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Wind
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Germany’s 3.21 GW Wind and 217 MW Solar Tenders Undersubscribed

Germany’s recent offshore wind energy auction for 3.21 GW has received interest for only less than half (1.5 GW) of the capacity on offer, according to the Federal...

March 3, 2023

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Arjun Joshi

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Solar

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Technology

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Wind
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Germany Invites Bids for 1.8 GW of Offshore Wind Projects

Germany’s Federal Network Agency (Bundesnetzagentur) has launched a new offshore wind auction to install 1.8 GW of offshore wind power projects in the North Sea,...

March 1, 2023

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Arjun Joshi

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Tenders & Auctions

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Wind
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U.S. Announces New Investments for Floating Offshore Wind Deployment

The U.S. Department of Energy (DOE) announced a series of investments to accelerate the deployment of floating offshore wind in the country. The DOE will partner with...

February 23, 2023

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Gourav Mishra

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Other

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Renewable Energy
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bp acquires 55% Stake in Deep Wind Offshore, Expands to South Korea

Global energy business conglomerate bp and Deep Wind Offshore, an offshore wind project developer, have formed a joint venture to explore projects in South Korea. Under...

February 16, 2023

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Gourav Mishra

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Finance and M&A

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Wind
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EU to Fund France with €2 Billion for Developing Offshore Wind Projects

To support offshore wind projects in France, the European Commission (EC) has approved a €2.08 billion (~$2.2 million) funding which will help the EU meet the objectives...

February 13, 2023

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Gourav Mishra

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Other

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Wind
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Siemens Gamesa’s Q1 Net Loss Widens to €884 Million on Higher Service Costs

Spain-based wind turbine maker Siemens Gamesa’s net loss widened to €884 million (~$971.9 million) for the first quarter (Q1) of the financial year (FY) 2023 compared to...

February 2, 2023

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Gourav Mishra

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Finance and M&A

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Other

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Wind
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Hexicon Inches Closer to Developing 7.1 GW Offshore Wind Projects in Italy

Italy’s transmission system operator (TSO) Terna SpA has approved six of Sweden-based Hexicon’s seven proposed floating wind power projects for connection to...

January 23, 2023

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Gourav Mishra

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Finance and M&A

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Wind
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The Crown Estate To Lease Seabed For Six Offshore Wind Projects

The Crown Estate, which manages land and the seabed around England, Wales, and Northern Ireland, said it would lease the seabed for six offshore wind projects that could...

January 19, 2023

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Arjun Joshi

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Markets & Policy

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Wind

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