Boskalis has exceeded expectations in what has proven to be a very turbulent and challenging 2020 with an EBITDA of EUR 404 million. Net operating profit amounted to EUR 90 million. [Read more…] about Record order book and very solid financial position for Boskalis
UKEF supports offshore wind deal in Taiwan with £200m deal
UK Export Finance (UKEF), the UK’s export credit agency, is providing a £200m buyer credit guarantee to help finance the Greater Changhua 1 Offshore Wind Farm in Taiwan, unlocking the export potential of the UK’s offshore wind sector. [Read more…] about UKEF supports offshore wind deal in Taiwan with £200m deal
Canadian giant takes shares in Polish wind project.
PKN ORLEN has chosen Northland Power Inc. as the sector partner of 1200 MW Baltic Power offshore wind farm located in Polish EEZ of the Baltic Sea. [Read more…] about Canadian giant takes shares in Polish wind project.
Lenders take control of Polarcus vessels after company defaults
Lenders took control of Polarcus’s ships on Tuesday after the seismic surveyor defaulted on its bank loans and bonds, hit by a drop in spending by energy companies struggling with the COVID-19 pandemic and volatile oil prices. [Read more…] about Lenders take control of Polarcus vessels after company defaults
CIP to sell Beatrice stake to TRIG
The Board of The Renewables Infrastructure Group (TRIG) is pleased to announce that the Company has exchanged contracts to acquire an equity interest of 17.5% in Beatrice offshore wind farm from Copenhagen Infrastructure Partners (CIP). [Read more…] about CIP to sell Beatrice stake to TRIG
Taiwan further lowers tariffs for offshore wind
Taiwan’s Ministry of Economic Affairs has announced a 8.5% reduction of the feed-in tariff (FiT) for offshore wind projects signing 20-year power purchase agreements (PPAs) in 2021 as compared with 2020 rates. [Read more…] about Taiwan further lowers tariffs for offshore wind
Funding to investigate offshore hydrogen production
ITM Power, Ørsted, Siemens Gamesa Renewable Energy, and Element Energy have been awarded EUR 5 million in funding from The Fuel Cells and Hydrogen Joint Undertaking (FCH2-JU) under the European Commission to demonstrate and investigate a combined wind turbine and electrolyser system designed for operation in marine environments. [Read more…] about Funding to investigate offshore hydrogen production
EIB grants Arcadis Ost 1 loan
Offshore wind developer Parkwind has secured a loan from the European Investment Bank (EIB) for the construction of the 257 MW Arcadis Ost 1 wind farm. [Read more…] about EIB grants Arcadis Ost 1 loan
EU-funded project LEAPWind successfully tackles offshore blade erosion
Whilst offshore wind technology continues to evolve and gain in efficiency, blade erosion has become a key challenge in order to remove market barriers for the blue economy. The EU-funded project LEAPWind has found a solution to prevent offshore blade erosion. [Read more…] about EU-funded project LEAPWind successfully tackles offshore blade erosion
Equinor and partner reach financial close on world’s biggest offshore wind farm
Dogger Bank wind farm owners, Equinor and SSE, have today announced financial close on the first two phases of the project, representing in aggregate the largest offshore wind project financing to date globally. [Read more…] about Equinor and partner reach financial close on world’s biggest offshore wind farm
