(IN BRIEF) KfW IPEX-Bank and partner banks, with export credit support from Eksfin and Sinosure, have arranged EUR 525 million in financing for two new wind turbine installation vessels for Cadeler, with KfW IPEX-Bank contributing nearly EUR 60 million. Built … Read the full press release
Posted in Banks, Business, Construction, Denmark, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Technology, Transportation & Logistics
Tagged Aida Welker, battery package, biodiesel, Cadeler, COSCO Shipping Heavy Industry, Eksfin, EUR 525 million financing, European suppliers, export credit agencies, green loan, jacket installation, KfW IPEX-Bank, methanol conversion, monopile installation, Offshore wind, partnership, Shore Power, Sinosure, sustainability, turbine installation, wind turbine installation vessel, WTIV
(IN BRIEF) The Nordic Investment Bank (NIB) will provide two 26-year loans worth EUR 126 million to support the construction of Poland’s Bałtyk 2 and Bałtyk 3 offshore wind farms. Jointly developed by Norway’s Equinor Wind Power and Poland’s Polenergia, … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Poland, Technology
Tagged 3 GW wind capacity, 720 MW, André Küüsvek, Baltic Sea, Baltyk 2, Baltyk 3, climate investment, CO2 reduction, decarbonisation, energy resilience, Equinor Wind Power, EU Green Deal, green financing, InvestEU, InvestEU guarantee, NIB, Nordic Investment Bank, offshore turbines, Offshore wind, partnership, Poland energy transition, Polenergia, regional cooperation, renewable energy, sustainability, sustainable infrastructure
(IN BRIEF) KfW IPEX-Bank has played a leading role in financing the Baltyk 2 and Baltyk 3 offshore wind farms in Poland, each with a 740 MW capacity. With a EUR 3 billion financing for each project, KfW IPEX-Bank, as … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, Management, Marketing, News, Poland, Technology
Tagged Baltyk 2, Baltyk 3, Coal Phase-Out, energy transition, Equinor, Euler Hermes, European export industry, export credit agencies, financing, greenhouse gas emissions, KfW IPEX-Bank, Offshore wind, offshore wind market, partnership, Poland, Polenergia, renewable energy, Siemens SG 14-236 DD, sustainability, Velibor Marjanovic
(IN BRIEF) Lloyds Banking Group has partnered with North East Mayor Kim McGuinness, NECA, and OFI to create a green energy hub in the North East. The initiative focuses on unlocking private sector investment to support the region’s green energy … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Management, News, Technology, United Kingdom
Tagged clean energy, electric vehicles, green industry, Infrastructure Development, Kim McGuinness, Lloyds Banking Group, net zero, North East, North East Combined Authority, North East Investment Zone, Office for Investment, Offshore wind, partnership, private investment, sustainability, sustainable growth, Tyne Economic Corridor, UKREiiF
(IN BRIEF) Empire Offshore Wind LLC, a subsidiary of Equinor ASA, has resumed construction on the Empire Wind project after the Bureau of Ocean Energy Management lifted the stop work order. The project, which is more than 30 percent complete, … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Technology
Tagged Anders Opedal, Bureau of Ocean Energy Management, Empire Offshore Wind, Empire Wind, energy infrastructure, Equinor, job creation, Molly Morris, New York, offshore installation, Offshore wind, partnership, renewable energy, stop work order, sustainability, U.S. energy projects
(IN BRIEF) Ørsted has decided to discontinue the Hornsea 4 offshore wind project due to increased costs, higher interest rates, and elevated risks, making the project’s current execution untenable. The company plans to explore alternative options for the project while … Read the full press release
Posted in Business, Denmark, Economy, Energy, Gas & Oil, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Technology, United Kingdom
Tagged breakaway costs, CFD, Contract for Difference, energy transition, Hornsea 4, Offshore wind, partnership, project discontinuation, Rasmus Errboe, risks, supply chain, sustainability, UK, wind energy, Ørsted
(IN BRIEF) RWE has installed the first monopile at the Thor offshore wind farm, marking the beginning of the largest renewable energy project in Denmark. The wind farm, set to be fully operational in 2027, will generate enough electricity to … Read the full press release
Posted in Business, Construction, Denmark, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged CO2-reduced steel towers, Denmark, Denmark energy, energy sustainability, energy transition, green electricity, monopile, Offshore wind, partnership, recyclable rotor blades, renewable energy, RWE, sustainability, sustainable energy, Thor offshore wind farm, wind power
(IN BRIEF) ZF Wind Power has commissioned the world’s largest and most powerful wind powertrain validation test rig, now operational at its Test and Prototype Center in Lommel, Belgium. The 30 MW rig is capable of simulating real-world forces on … Read the full press release
Posted in Belgium, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged 30 MW test rig, Belgium, Bert Verdyck, climate neutrality, drivetrain innovation, Felix Henseler, FIT, Flanders Innovation, gearboxes, Lommel, Matthias Diependaele, Offshore wind, powertrain testing, prototype testing, renewable energy, sustainable technology, system partner, Test and Prototype Center, VLAIO, wind energy, wind energy infrastructure, wind turbine validation, ZF Wind Power
(IN BRIEF) Effective 1 May 2025, Ørsted is expanding its Group Executive Team with the appointments of Amanda Dasch as Chief Development Officer and Godson Njoku as Chief Generation Officer. Dasch will lead commercial development and strategic functions globally, while … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Industrial, Management, News, Technology
Tagged Amanda Dasch, appointment, commercial development, corporate governance, Denmark, energy generation, energy industry, energy leadership, executive appointments, global strategy, Godson Njoku, Group Executive Team, leadership, Offshore wind, organizational restructuring, project execution, Rasmus Errboe, renewable energy, Shell, sustainable energy, United Kingdom, wind power, Ørsted
(IN BRIEF) ABL has been appointed as marine warranty surveyor for the Inch Cape Offshore Wind Farm, a 1.1 GW offshore wind project off the coast of Scotland. The consultancy will manage marine assurance for the transport and installation of … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Transportation & Logistics, United Kingdom
Tagged 1.1 GW wind farm, ABL, ABL Aberdeen, Ashley Perrett, cable installation, Cockenzie, East Lothian, energy infrastructure, Green Energy Projects, Inch Cape Offshore Wind Farm, marine logistics, marine warranty surveyor, MWS services, North Sea wind farms, offshore substation, Offshore wind, partnership, renewable energy, Scotland offshore wind, sustainability, sustainable energy, UK energy transition, UK wind energy, vessel inspections, wind turbine installation
(IN BRIEF) Equinor has established a new Power business area by integrating its renewable energy assets with flexible power solutions from its MMP division. This strategic initiative is aimed at addressing the growing global demand for electricity fueled by increased … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Technology
Tagged Anders Opedal, appointment, artificial intelligence, competitive, data centers, electrification, energy storage, energy transition, Equinor, Executive Vice President, flexible power, gas to power, global demand, Helge Haugane, INNOVATION, leadership, low-carbon energy, Marketing Midstream and Processing, MMP, Net Zero Teesside, Offshore wind, onshore wind, Poland, Power business area, PWR, renewables, Solar, Strategic Realignment, sustainability, sustainable growth, Triton Power, UK, US, value creation
(IN BRIEF) Martin Pibworth, Chief Commercial Officer at SSE, has been appointed Chair of CBI Scotland, succeeding Jennifer Young. With extensive experience in sustainability and the net zero sector, Pibworth will focus on promoting long-term growth and addressing key issues … Read the full press release
Posted in Artificial Intelligence (AI), Business, Environment, Financial, Industrial, Investment, Management, News, Retail, Technology, United Kingdom
Tagged AI, appointment, business investment, CBI Scotland, CBI Scotland Council, Chair, Chief Commercial Officer, collaboration, cost of doing business, data, energy sector, Green Growth, green sectors, INNOVATION, Jennifer Young, leadership, Martin Pibworth, Michelle Ferguson, net zero, Offshore wind, Scottish Government, skills shortages, SSE, sustainability, sustainable growth, UK Government
(IN BRIEF) Ørsted has officially launched offshore construction for the Greater Changhua 2b and 4 offshore wind farms, marking a major step forward in Taiwan’s clean energy transition. With an output of 920 MW, these wind farms will play a … Read the full press release
Posted in Business, Commodities, Denmark, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged clean energy transition, CPPA, Energy Innovation, Greater Changhua, Green Energy, offshore construction, Offshore wind, partnership, renewable energy, sustainability, sustainable energy, Taiwan, wind farms, Ørsted
(IN BRIEF) Ilsenburger Grobblech GmbH, in partnership with Siemens Gamesa, is supplying sustainable, low-emission steel plates for the Thor offshore wind farm. The GreenerTowers, with their reduced carbon footprint, represent a significant step in achieving sustainable wind energy solutions. The … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Technology
Tagged CO2 emissions, Green Energy, GreenerTowers, Ilsenburger Grobblech, Offshore wind, partnership, renewable energy, Siemens Gamesa, steel production, sustainability, Thor wind farm, wind power
(IN BRIEF) RWE has become the first company to deploy reused monopile foundation covers at its Thor offshore wind farm, demonstrating its commitment to sustainability and the circular economy. The wind farm, located off the Danish coast, will use innovative … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Circular Covers B.V., circular economy, CO2-reduced steel, Denmark, Green Energy, INNOVATION, Offshore wind, offshore wind farms, recyclable rotor blades, renewable energy, reused covers, RWE, sustainability, Thor offshore wind farm
(IN BRIEF) Estonia, Latvia, and Lithuania have successfully synchronized their electricity grids with the European Continental European Network, marking a significant step in their energy independence from Russia and Belarus. This achievement, celebrated as “Energy Independence Day,” strengthens the region’s … Read the full press release
Posted in Belgium, Business, Energy, Gas & Oil, Environment, Estonia, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Lithuania, Management, News, Technology
Tagged Baltic Sea, BRELL energy system, CEF, CEN, Connecting Europe Facility, Continental European Network, electricity grids, Energy Independence Day, energy infrastructure, energy security, energy transition, Estlink, Estonia, EU, European Commission, fossil fuels, Harmony Link Interconnector, interconnectors, Latvia, Lithuania, LitPol Link, Malgosia Bartosik, NordBalt, Offshore wind, partnership, renewable energy, sustainability, Ursula von der Leyen, wind farms, wind power, WindEurope
(IN BRIEF) HØST PtX Esbjerg, developed by CIP, celebrates the Danish government’s recent announcement about the planned hydrogen pipeline between Denmark and Germany, set for completion in 2030. This milestone supports the 1GW green hydrogen plant, HØST, which is on … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged CIP, Copenhagen Infrastructure Partners, Denmark, energy infrastructure, energy transition, environmental approvals, European energy collaboration, Germany, GREEN HYDROGEN, hydrogen pipeline, hydrogen production, HØST PtX Esbjerg, Offshore wind, partnership, renewable energy, sustainability
(IN BRIEF) Ørsted has announced Rasmus Errboe as its new Group President and CEO, effective February 1, 2025, following Mads Nipper’s decision to step down. The leadership change comes as Ørsted faces a rapidly evolving renewable energy market, particularly in … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, Technology
Tagged appointment, CEO, Chief Lene Skole, Copenhagen University, energy industry, green transition, IPO, leadership, leadership transition, Mads Nipper, Offshore wind, Rasmus Errboe, regulatory landscape, renewable capacity, renewable energy, supply chain bottlenecks, University of San Diego, Ørsted
(IN BRIEF) Poland is advancing its offshore wind energy ambitions with the completion of two key substations for the Baltic Power wind farm, marking the start of commercial-scale offshore wind development in the country. The project is part of a … Read the full press release
Posted in Belgium, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Poland, Technology
Tagged Baltic Power, Baltic Sea, clean energy, decarbonization, electric vehicles, Energy Independence, energy security, EU climate goals, EU Presidency, GPB, Grupa Przemysłowa Baltic, industrial competitiveness, Malgosia Bartosik, offshore substations, Offshore wind, offshore wind farm, partnership, Poland, Pomerania, renewable energy, sustainability, WindEurope
(IN BRIEF) Vestas has secured a firm order to supply 60 V236-15.0 MW wind turbines for RWE’s Nordseecluster B offshore wind project in the German North Sea. This 900 MW project forms the second phase of the 1.56 GW Nordseecluster, … Read the full press release
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