Tag Archive

Equinor JV for Floating offshore wind project in South Korea

Equinor JV for Floating offshore wind project in South Korea

July 11, 2019 No Comments

Equinor , Korea National Oil Corporation (KNOC) and the Korean power company Korea East-West Power (EWP) have formed a consortium to develop the floating offshore wind project Donghae 1 off Ulsan in South Korea. The consortium is currently launching the development of a 200MW floating wind farm to be located close to the KNOC-operated Donghae […]

Oceanteam ASA reports full year 2018 results

Oceanteam ASA reports full year 2018 results

April 29, 2019 No Comments

Oceanteam is pleased to present its 2018 annual financial report. 2018 was a good year for Oceanteam, further described in the attached report. The financial restructuring of the Group has been successfully completed. Equity ratio improved materially to more than 70%. Both vessels were under charter contract for the full year, except for a short […]

What is stopping offshore wind development in US?

April 17, 2019 No Comments

The rapid growth of wind energy installations throughout the United States has been remarkable. In fact, in the last ten years U.S. has tripled its wind power capacity, and wind is together with hydropower the largest source of renewable energy in the country. The only downside of this US wind energy story is the fact […]

Tags: , , Renewables
Total, Ørsted and Elicio join forces to bid for a wind farm

Total, Ørsted and Elicio join forces to bid for a wind farm

February 18, 2019 No Comments

Total, a major energy player, Ørsted, renewable major, and Elicio, a renewable energy producer preselected by the French Energy Regulatory Commission, announce the creation of an industrial consortium to submit a joint bid for the Dunkirk offshore wind farm project for a power capacity of up to 600 MW. “Total’s participation in this offshore wind […]

Equinor deepens in offshore wind in Poland

December 20, 2018 No Comments

Equinor has exercised an option to acquire a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. This transaction is a follow-up of the agreement between the two companies which came into force in May 2018 , by which Equinor acquired a 50 % interest in Bałtyk II and […]

Tags: , , Renewables
Equinor Announce third quarter 2018 Results

Equinor Announce third quarter 2018 Results

October 25, 2018 No Comments

Equinor reports adjusted earnings of USD 4.8 billion and USD 2.0 billion after tax in the third quarter of 2018. IFRS net operating income was USD 4.6 billion and the IFRS net income was USD 1.7 billion. The third quarter was characterised by: Strong results and cash flow from operations. Net debt ratio reduced to […]

innogy sell 41% share of its Triton Knoll Offshore Wind Farm

innogy sell 41% share of its Triton Knoll Offshore Wind Farm

August 30, 2018 No Comments

As an integral part of the company’s strategy to pursue a partnership-based approach to realiselarge-scale offshore wind farms, innogy SE, through its subsidiary Innogy Renewables UK Ltd.,has signed an agreement under which the company will sell 41% of its Triton Knoll Offshore Wind Farmto Electric Power Development Co., Ltd. (operating under the name J-Power; 25%), […]

Offshore Wind Consultants Opens office in Taiwan

Offshore Wind Consultants Opens office in Taiwan

August 24, 2018 No Comments

Offshore Wind Consultants (OWC), a company wholly owned by Aqualis ASA, has established a new office in Taiwan to support the fast growing Taiwanese offshore wind sector. OWC is an independent engineering consultancy focused on the development and realisation of offshore renewables technology and projects. Offshore Wind Consultants Taiwan Co., Limited will offer offshore wind […]

Mitsubishi to Participate in  UK Offshore Wind Farm Project

Mitsubishi to Participate in UK Offshore Wind Farm Project

March 27, 2018 No Comments

Mitsubishi Corporation (MC) has entered into an agreement to acquire 33.4% of shares in Moray Offshore Windfarm (East) Limited (MOWEL), through its wholly owned UK-based subsidiary Diamond Generating Europe Limited (DGE), with EDP Renewables, a renewable energy company from Spain. DGE has become one of the main MOWEL shareholders, along with EDPR and ENGIE. MOWEL […]

Aker Solutions Expands Into Offshore Floating Wind

Aker Solutions Expands Into Offshore Floating Wind

February 7, 2018 No Comments

Aker Solutions invested in floating wind power technology company Principle Power Inc., forming an alliance that brings its offshore oil and gas field engineering expertise into a fast-growing renewable energy market. Aker Solutions has an extensive track record in developing offshore oil and gas fields, with particular capabilities in floating facilities. The partnership will help […]

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