Equitix announced its investment in the Gode Wind 1 offshore wind farm. The wind farm is located 45 km from the coast in the German sector of the North Sea. The offshore wind farm consists of 55 turbines with a combined capacity of 330 MW and is part of a larger development alongside Godes 2 and 3, which will collectively provide 900 MW of renewable energy upon completion.
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JGC Japan Corporation, an EPC operating company under JGC Holdings Corporation, and Sumitomo Corporation have announced an agreement to explore potential collaboration on the detailed design, manufacturing, and delivery of floating structural components for floating offshore wind power generation. The aim is to reduce costs, increase efficiency, and achieve mass production in the production and supply system by leveraging the strengths of both partners.
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Vestas has secured an order from OranjeWind in the Netherlands to supply 53 V236-15.0 MW wind turbines for the OranjeWind offshore wind project, which is being developed through a 50/50 partnership between RWE and TotalEnergies. The project will feature an installed capacity of 795 MW and a grid connection capacity of 760 MW, with an additional 35 MW to maximize connection efficiency during lower production periods.
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Offshore wind is increasingly becoming an attractive solution that several countries are exploring to accelerate their energy transition efforts. This interest relates to the tremendous wind energy potential available in open waters and to the higher level of social acceptance of floating offshore wind, given that most of these turbines are located far from the coast, which energy players consider to be high-demand “real estate”. The global floating wind industry is still nascent, with around 270 MW of operational capacity as of 2023.
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Clearway Energy Group has secured a 25-year power purchase agreement (PPA) with Puget Sound Energy (PSE) for the 315 MW Haymaker wind farm in Montana. Upon becoming operational, the Haymaker wind farm will generate sufficient electricity to supply for over 116,000 households annually. The construction of the project is set to commence in 2026, with commercial operations projected to begin by 2028.
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Ocean Winds, a 50-50 joint venture by EDP Renewables and ENGIE, has announced a strategic partnership with Martifer Renewables & Energy for the first offshore wind farm tender in Portugal which is scheduled for this year. This partnership will use Ocean Winds’ international experience in developing and operating offshore wind farms, including the WindFloat Atlantic floating offshore wind farm in Portugal.
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Macquarie Asset Management has announced plans to acquire an additional 39.25 per cent stake in the Lynn and Inner Dowsing offshore wind farms from funds managed by BlackRock, bringing its total ownership to 100 per cent. Lynn and Inner Dowsing are adjacent offshore wind farms situated off the coast of Lincolnshire. The wind farms have a total installed capacity of around 194 MW, producing enough electricity annually to power over 160,000 UK homes.
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Boralex Inc. has secured a power purchase agreement (PPA) for the 106 MW Limekiln Wind Farm near Thurso in Caithness, Scotland. This 3-year PPA with Statkraft will cover the period from the wind farm’s expected commissioning by the end of 2024 until the contract for difference takes effect in April 2028. The construction is advancing according to plan, with turbine components being delivered to the site over the summer.
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Repsol and EDF Renewables have signed an exclusivity agreement to collaborate on future offshore wind tenders in Spain and Portugal. This strategic partnership aims to leverage the substantial growth opportunities available in the Iberian Peninsula’s offshore wind sector. The collaboration merges Repsol’s market expertise in Spain and Portugal with EDF Renewables’ advanced capabilities in both fixed and floating offshore wind.
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ACWA Power has concluded the sale of 35 per cent of its ownership in the ACWA Power Bash Wind Project Holding Company Limited and ACWA Power Uzbekistan Wind Project Holding Company Limited to China Southern Power Grid International (HK) Co. Ltd (CSGIHK). This transaction marks the first co-investment between the two companies for a large-scale renewable energy project in Central Asia.
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Envision Energy has formed a joint venture (JV) with Public Investment Fund (PIF) and Vision, sovereign wealth fund of Saudi Arabia Industries to boost wind power growth in the Middle East. As per the agreement, Envision Energy will hold the majority stake in the JV, while PIF and Vision Industries will hold the remaining stake. The JV will focus on manufacturing and assembling wind turbine components, including blades, nacelles, and hubs.
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With a long coastline and numerous high potential wind sites, India has huge opportunities to set up offshore wind projects. Unfortunately, however, this segment remains largely untapped, with no offshore wind project having been set up. There are several reasons for this lack of progress. Offshore wind projects have high initial construction and operations and maintenance costs, they require complex clearances from various authorities, and the grid infrastructure for offshore connectivity is very limited.
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SSE and Equinor, co-developers of the proposed Dogger Bank D fourth phase of Dogger Bank Wind Farm, have filed a Scoping Report to the Planning Inspectorate. This comes after the Transitional Centralised Strategic Network Plan (tCSNP2) was released by National Grid ESO in March 2024. It contained confirmation that Dogger Bank D will connect to Birkhill Wood, a projected 400kV substation in the East Riding of Yorkshire.
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Rolls-Royce Holdings has announced an order for a 32.6-MW/65.2-MWh battery storage system to supplement the Zeewolde wind farm in the Netherlands. The turn-key contract is from Battery Park Zeewolde and includes a 10-year maintenance agreement. Rolls-Royce’s mtu EnergyPack QG system is set to launch in the summer of 2025. It will help the client in the markets for grid services and energy trading.
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UK offshore wind is critical to decarbonise the power sector and reduce exposure to volatile gas markets. There’s still a gap between targets and capacity being delivered, but quick policy wins are available to boost the industry. 20 GW of new offshore wind needed by 2030. Boosting the auction budget by 25% would cut the UK’s gas import bill.
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Elecnor secured a contract in Mexico for the engineering, supply, and construction of the Cimarrón wind farm, which will have a capacity of 320 MW. The project is currently under construction and is situated in La Rumorosa and the municipality of Tecate, Baja California. Additionally, the wind farm has a 20 year power purchase agreement with Silicon Valley Power to provide renewable energy to Santa Clara, California.
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Ørsted has completed the acquisition of Eversource’s 50 per cent stake in the Sunrise Wind project. It is a 924 MW offshore wind farm situated off the coast of New York. This acquisition follows the successful award of Sunrise Wind in New York’s fourth solicitation for offshore wind capacity. Furthermore, the purchase price for buying Eversource’s share at closing was $152 million.
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The US Department of the Interior (DOI) has approved the Atlantic Shores South offshore wind project off the New Jersey coast. The project encompasses two wind facilities capable of generating up to 2,800 MW of electricity which is sufficient to power nearly one million homes with renewable energy.
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Avangrid has received full federal approval from the US Bureau of Ocean Energy Management (BOEM) for the construction and operation of the New England Wind 1 and 2 offshore projects. The two projects will have a combined capacity of 2.6 GW, with 791 MW New England Wind 1 and 1,080 MW New England Wind 2.
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Vestas has secured a 144 MW order for the Umsinde Emoyeni wind farm from the African Clean Energy Developments. The wind farm is located in Western Cape, South Africa. The contract encompasses the supply and installation of 32 V163-4.5 MW wind turbines, along with a 10-year Active Output Management 5000 (AOM 5000) service agreement.
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