OFFSHORE BUSINESS NEWS
TOP OFFSHORE BUSINESS NEWS
OFFSHORE BUSINESS NEWS
KfW Capital and Ignitis Group join World Fund to invest €300M in climate founders
World Fund, a Europe-focused climate venture capital fund, announced that it has raised a further €50+ million from institutional LPs. New investors joining the venture include KfW Capital as well as Ignitis Group. Ignitis Group, committed to enhancing its net-zero strategy, [...]
Euroports and Port of Hanko Sign Letter of Intent for Wind Hub at Koverhar Harbour
Euroports Group and Port of Hanko Ltd have signed a Letter of Intent (LOI) to establish a Unique Wind Hub at the Port of Hanko port area in Koverhar. This initiative positions the Harbour, situated in the southernmost part of Finland, [...]
EcoVadis, WindEurope and leading wind industry organisations launch ‘Wind Energy Initiative’
Today, EcoVadis, WindEurope and five leading wind energy industry organisations - ENGIE, Hitachi Energy, Siemens Gamesa, Statkraft and Vestas – announce the launch of the ‘Wind Energy Initiative’. The Initiative aims to accelerate the uptake of sustainable practices by fostering strong [...]
WindEurope: Rebound in wind energy financing in 2023 shows that the right policies attract investors
Investments in wind energy in Europe more than doubled in 2023 compared to 2022, driven by record financing of offshore wind projects. An easing of inflationary pressures, greater certainty in electricity markets, and improved tariff indexation by Governments created a more [...]
“Van Oord” signs a contract for construction of an offshore wind farm support base and an oversized cargo terminal in the Port of Liepaja
In order to promote the development of the offshore wind energy industry in the Baltic Sea, one of the leading companies in the industry - Van Oord Dredging and Marine Contractors B.V. (Van Oord) plans to create a world-class offshore wind [...]
Swedish Wind Energy Association explores risk distribution contracts for new electricity production
Sweden is on the cusp of a significant surge in demand for fossil-free electricity, yet uncertainties in the investment landscape loom large. Currently, Sweden lacks mechanisms to distribute risks for large-scale electricity production investments. To address this gap, Svensk Vindenergi commissioned [...]
German National Ports Strategy to be underpinned by funding as quickly as possible
The German government presented its new ports strategy on 20 March. The strategy contains a collection of measures, but no plans for financing. Therefore, the onshore and offshore wind energy associations, the OFFSHORE-WINDENERGIE foundation and the Hamburg Renewable Energy Cluster are [...]
Port of Roenne secures deal with Siemens Gamesa for Baltic Sea wind projects
Chief Commercial Officer of the Port of Roenne, Mr. Jeppe la Cour shared some exhilarating news in a recent social media post, that has sent ripples of excitement throughout the renewable energy sector. The Port of Roenne has inked a groundbreaking [...]
Masdar reaches close on financing for 476MW Baltic Eagle Offshore Wind Project
Masdar, the UAE’s clean energy powerhouse, has achieved close on the financing of its 49 percent shareholding in the 476MW Baltic Eagle wind farm, located in the Baltic Sea off the coast of Germany. This is Masdar’s largest ever euro-denominated financing, [...]
Jobs, nature protection, energy security, local communities – WindEurope Annual Event in Bilbao showcases the ‘value of wind’
From 20-22 March more than 12,000 people gather in Bilbao for the WindEurope Annual Event 2024. This comes at a time of growing optimism for Europe’s wind industry. Investments in new wind farms are up. Auction volumes are at record levels. [...]
