Alternative Energy

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Ørsted to acquire Deepwater Wind for $510 million OCTOBER 9, 2018 – Danish headquartered Ørsted A/S, the world's largest developer of offshore wind farms, has entered into an agreement with the D.E. Shaw Group to acquire a 100% equity interest in Rhode Island-based Deepwater Wind for a purchase price of $510 million. The Deepwater Wind project portfolio has…
JANUARY 15, 2019 — Rostock, Germany, headquartered Neptun Ship Design has been granted ABS Approval in Principal (AiP) for its Blue Azurit Wind Turbine Transport Vessel design, the first to support transporting parts for turbines…
JANUARY 8, 2019 — Laksevåg, Norway, headquartered Vestdavit has won orders to supply davits for three newbuild Esvagt Service Operations Vessels (SOVs) destined to support wind farm maintenance in challenging North Sea conditions. Developed by…
JANUARY 7, 2019 — Dubai, UAE, based Topaz Energy and Marine has signed a contract that, it says underlines the growing significance of offshore wind projects to the company. A large north European contractor is…
DECEMBER 31, 2018 — In a competitive solicitation process, Connecticut's Department of Energy and Environmental Protection has selected Ørsted's Revolution Wind project to move forward to negotiate a fixed price power purchase agreement (PPA) with…
DECEMBER 20, 2018 — EDF Renewables North America, a subsidiary of Électricité de France S.A , and Shell New Energies US LLC (Shell) report that they have formed a 50/50 joint venture called Atlantic Shores Offshore…
DECEMBER 18, 2018 — More details are emerging about Mayflower Wind Energy LLC, the provisional winner of block 0521 in last week's offshore Massachusets wind auction with a bid of $135 million. Mayflower is a…
DECEMBER 14, 2018 — Today's BOEM offshore wind lease sale of some 390,000 acres offshore Massachusetts drew competitive winning bids from three companies totaling approximately $405 million. That was way more than the previous highest…
DECEMBER 14, 2018 — SeaTwirl, a Swedish company developing an innovative vertical axis wind turbine, had two items of good news on the funding front to report this week. On Wednesday, the company said that…
NOVEMBER 29, 2018 — MHI Vestas Offshore Wind has appointment of Jason Folsom as National Director of Sales, U.S. He is the company’s first official hire in the U.S. market. "I have been watching with…
NOVEMBER 27, 2018 — Floating wind turbines will play a key role in taking offshore wind farms into deeper waters. Last month, Spain's Cobra Energia last month started exporting energy to the U,K. market from…
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