Consortium Urges Congress to Allocate Additional Funds to Offshore Wind Ports

A consortium of companies related to the offshore wind industry has sent a letter to ranking members of various House committees, urging them to increase the Maritime Administration’s Port Infrastructure Development Program’s budget to $750 million to help develop offshore … Read More

Despite Record Year, European Wind Not on Track to Meet Climate Goals

Europe invested €43 billion in new wind farms in 2020, the second highest annual amount on record. These investments cover 20 GW of new capacity that will be built in the coming years – 13 GW of it in the EU … Read More

PSEG Acquires Twenty-Five Percent Stake in Ocean Wind

PSEG, a publicly traded diversified energy company, and Ørsted, a company that develops, constructs and operates offshore and onshore wind farms, have completed PSEG’s acquisition of a 25% equity interest in Ocean Wind. PSEG’s investment in Ocean Wind received approval … Read More

Ocergy Secures Funding for Sustainable Offshore Wind Solutions

Ocergy Inc., a developer of offshore wind technologies, has secured investments from Moreld Ocean Wind (MOW) and Chevron Technology Ventures (CTV).  The Series A round will fund Ocergy’s growth and the commercialization of its sustainable offshore solutions – the OCG-Wind … Read More

US Wind begins surveys offshore Maryland

US Wind has kicked off oceanographic survey activities within the lease area offshore Maryland where it plans to build its MarWin offshore wind project. The team will be collecting data until July to inform project design, including foundation type, turbine … Read More

ESB Unveils Plans for Irish Green Energy Hub

In line with the Irish government’s ambition of reaching net-zero emissions by 2050, ESB has unveiled Green Atlantic @ Moneypoint. Under the ambitious program, ESB’s Moneypoint site in County Clare will be transformed into a green energy hub, helping Ireland … Read More

Baltica Offshore Wind Farms One Step Closer to Realization

The Polish Energy Regulatory Office has awarded a contract for difference (CfD) to the Baltica 3 and Baltica 2 offshore wind farms with a total capacity of up to 2.5 GW. Baltica 3 and 2 will contribute significantly to Poland’s … Read More

Nekkar’s Skywalker Solution Looks to Expedite Turbine Installation

Nekkar ASA, a company that specializes in sustainable solutions for multiple industries, has been awarded a $2.5 million grant from Innovation Norway to develop an installation technology that could potentially reduce the cost and environmental footprint associated with wind turbine … Read More

NBIM Acquires Fifty Percent Stake in Borssele Offshore Wind Farm

Ørsted, a company that develops, constructs and operates offshore and onshore wind farms, has signed an agreement with Norges Bank Investment Management (NBIM). Under the agreement, NBIM will be acquiring a 50% ownership share of Ørsted’s 752 MW Borssele 1 … Read More

Zero-emission wind turbine installation solution gets financial push

Nekkar has secured a NOK 21 million grant from Innovation Norway to progress with the development of SkyWalker, its disruptive wind turbine installation solution. SkyWalker uses active heave compensation derived from offshore lifting systems combined with digital solutions that allow … Read More