Tag Archive

New York signs contracts for 1.7 GW of offshore wind

October 24, 2019 No Comments

Sunrise Wind has now signed a 25-year OREC purchase-and-sale agreement with the New York State Energy Research and Development Authority (NYSERDA). The Sunrise Wind project has an average all-in development cost of USD80.64 per MWh (2018 prices) with an expected average OREC cost of USD22.62 per MWh. Sunrise Wind is a 50-50 partnership between Ørsted, […]

Tags: Renewables
CPIH and Equinor sign cooperation agreement on offshore wind

CPIH and Equinor sign cooperation agreement on offshore wind

September 25, 2019 No Comments

CPIH (China Power International Holding) and Equinor have signed a Memorandum of Understanding (MoU) to cooperate on offshore wind in China and Europe. The MoU also opens for potentially expanding the collaboration between the two companies. “China is rapidly increasing its use of renewables and natural gas. The country is set to become the world’s […]

Kvaerner aims to diversify into new business areas

Kvaerner aims to diversify into new business areas

September 16, 2019 No Comments

Kvaerner establishes two new focus areas to grow its operations within both oil and gas projects and in renewable industries. With the new focus areas, the group is aiming for around 40 per cent growth within a few years, compared to revenues in 2018. The company will continue to be a main contractor that creates […]

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%), […]

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