The European Investment Bank (EIB) has granted a €450 million credit line for co-financing the construction of the Fécamp offshore wind project in France. According to EIB, this is the first such operation it is financing in France, reinforcing the objectives set by its shareholders to make it the E
Energia Wind 2020 srl, part of the Italian energy company 3R Energia srl, has submitted an application to the Italian government for a 30-year concession of an area in Italy’s sector of the Adriatic Sea, where it plans to build a 330 MW offshore wind farm. The application outlines a site some off th
Capital expenditure (CAPEX) on offshore wind is expected to surpass upstream oil & gas spending in Europe in 2022, according to Rystad Energy. The oil market collapse caused by the Covid-19 pandemic is set to delay several oil and gas developments in Western Europe, putting capital expenditure in th
Germany’s Federal Maritime and Hydrographic Agency (BSH) has awarded BioConsult SH with a contract for ecological investigations of benthos and fish in the N-6.6 and N-6.7 offshore wind areas. The company will carry out the preliminary investigation of the areas to assess their suitability for the c
German transport company Fraport AG plans to procure electricity generated at wind farms selected in Germany’s last two offshore wind auctions. Fraport AG, the operator of the Frankfurt Airport in Frankfurt am Main, intends to sign one or more power purchase agreements (PPAs) with offshore wind farm
Spectrum Geosurvey has secured a construction survey support contract for Ørsted’s Hornsea Two offshore wind project in the UK. Under the two-year contract, Spectrum will provide on-demand geophysical survey capacity for the wind farm. “We are delighted to secure another long-term contract allowing
1,400 GW of offshore wind globally by 2050 is entirely achievable considering the resource potential, technology innovation, and government appetite to position offshore wind at the centre of the global energy transition, the Ocean Renewable Energy Action Coalition (OREAC) said. OREAC estimates that
Denmark has mapped out areas in the North Sea and the Baltic Sea suitable for the development of up to 18 GW of offshore wind capacity. COWI has, on behalf of the Danish Energy Agency, conducted ”a fine screening” of areas in Danish territorial waters to investigate the possibility of establishing b
A new draft bill proposing to amend Germany’s Offshore Wind Act (WindSeeG) has caused a backlash from the industry, as it proposes to change the tendering process which would, according to the industry, raise project and electricity costs, and slow down the development of offshore wind in Germany. T
The Danish Export Credit Agency (EKF) has provided a £304 million guarantee for the Seagreen offshore wind project in Scotland. EKF is participating in the financing together with the Norwegian ECA GIEK and 12 commercial banks. SSE Renewables recently announced it had taken a final investment decisi
Vattenfall has made the final investment decision for the zero-subsidy Hollandse Kust Zuid 1-4 wind farm project in the Dutch North Sea. The 1.5 GW Hollandse Kust Zuid will be the largest offshore wind farm in the Netherlands and in the world once operational in 2023. Vattenfall was awarded the cont
Poland’s Enea Group and Iberdrola have signed a Letter of Intent (LoI) to jointly develop offshore wind projects in the Polish Baltic Sea with a possible total capacity of up to 3.3 GW. The two companies will now begin negotiations on an exclusive basis to assess the possibility of jointly investing
SSE Renewables has taken a final investment decision to proceed with the Seagreen 1 offshore wind project which will now be taken forward together with the French energy major Total. Total and SSE Renewables have now entered into an agreement through which Total will take a 51 per cent stake in the
DEME Offshore’s jack-up vessel Innovation has completed the installation of the 94 monopile foundations at the Borssele 1 & 2 offshore wind project. The installation, which began in mid-January in the Dutch North Sea, was completed on time despite the COVID-19 crisis, DEME said. Sif provided 47 mono
