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 […]

WindEurope has published its annual Finance and Investment Trends report. It shows investor confidence in wind energy remains high. Europe invested €41bn in new wind farms in 2021. This is financing 25 GW of new capacity, a record. But the investments are falling well short of the 35 GW a year of new wind the […]

Eni’s renewable energy offshoot company Plenitude, has announced that it is to invest in EnerOcean S.L., the Spanish developer of the W2Power technology for floating wind power. The deal is structured as a long-term partnership focused on the deployment of the W2Power technology as a lead contender for floating wind power developments worldwide. With two […]

GreenIT, a joint venture between Plenitude and CDP Equity for the production of energy from renewable sources, and CI IV, a fund managed by Copenhagen Infrastructure Partners (CIP), have signed an agreement to develop two floating offshore wind farms in Sicily and Sardinia.Both projects are located more than 35 km from the coast and have […]