bp and Deep Wind Offshore have formed a joint venture to develop offshore wind opportunities in South Korea. As part of their agreement, bp has acquired a 55% stake in Deep Wind Offshore’s early-stage offshore wind portfolio, which includes four projects across the Korean peninsula with a potential generating capacity of up to 6GW. South […]

Plenitude, Benefit Corporation (Società Benefit) company of Eni, and Simply Blue Group, an Irish blue economy project developer, have signed an agreement for the joint development of a pipeline of new floating offshore wind projects in Italy. Through this collaboration, the parties wish to combine Plenitude’s technical and financial capabilities and experience in the Italian […]

The EU installed 15 gigawatts (GW) of new wind farms in 2022. That’s one third more than 2021. This increase in new installations is an encouraging result given the overlapping challenges the industry faced in 2022. And the 15 GW installed are an important contribution to strengthening Europe’s energy security ahead of next winter. But […]

While governments are racing to meet energy independence and climate goals, 2022 is set to be a record-low year for investment activity in a critically important renewable energy technology: offshore wind. To date in 2022, only around 800 MW (0.8 GW) of electricity generation capacity across a handful of small projects has reached a final […]

The largest wind farm in Africa will soon be built in the Gulf of Suez in Egypt. The agreement for its development was signed recently between French independent power producer (IPP) Engie, Egyptian Electricity Transmission Company (EETC) and the New & Renewable Energy Authority (NREA). This was on the sidelines of the 27th United Nations Climate […]

Independent Power Producer (IPP) EDF Renewables, a subsidiary of the Electricité de France (EDF) group, has signed power purchase agreements (PPAs) for three wind farms in South Africa. These installations will inject 420 MW into the grid of the state-owned Eskom company. EDF Renewable in South Africa subsidiary of the Electricité de France (EDF) group […]

Equinor is close to first power from the world’s first floating wind farm to power offshore oil and gas platforms, Hywind Tampen, and preparing for the start-up of the world’s largest wind farm, Dogger Bank. Both wind farms are in the North Sea where Equinor has more than ten years’ experience from operating offshore wind […]

ACWA Power, a leading Saudi developer, investor and operator of power generation, desalinated water and green hydrogen plants worldwide, today inked a project agreement to develop a 1.1GW wind project in Egypt, at an investment value of US$1.5 billion. The signing ceremony of the agreement took place at the headquarters of the Egyptian General Authority for […]

The two companies come together to develop floating wind steel semi substructures that aim to accelerate technology development for floating offshore wind, enable cost reductions and develop local value opportunities. The strategic collaboration between Equinor as a leading floating offshore wind developer and Technip Energies as a leading supplier of floating offshore wind substructures, was […]

 bp has announced submission of bids for two offshore wind leases in the Netherlands that together have the potential for generating capacity of 1.4GW. The bids underpin extensive and transformational plans for a series of further integrated clean energy investments by bp in the Netherlands, applying the breadth of its businesses and experience to support […]