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News & in-depth analysis of offshore wind power and business, companies, contracts and deals.

Latest news

Naikun in talks with 'major offshore developer'

Naikun in talks with 'major offshore developer'

Canadian developer Naikun Wind Energy Group has signed an "indicative offer" with an unnamed "major offshore wind development company" to pursue its planned project off the coast of British Columbia.

GIG acquires East Anglia One share

GIG acquires East Anglia One share

The Green Investment Group (GIG) has bought a 40% stake in ScottishPower Renewable's 714MW East Anglia One offshore wind project under construction off the UK's North Sea coast.

Ørsted's profits squeezed despite offshore earnings boost

Ørsted's profits squeezed despite offshore earnings boost

Ørsted's earnings from offshore wind increased 18% in the first half of 2019, but its overall profit fell by 6% year on year.

Macquarie buys Germany's first utility-scale project

Macquarie buys Germany's first utility-scale project

A consortium of funds managed by Macquarie Infrastructure and Real Assets (MIRA) has agreed to acquire Ocean Breeze Energy, the special purpose vehicle behind the 400MW Bard Offshore 1 project.

High-risk offshore wind contractors drive up premiums

High-risk offshore wind contractors drive up premiums

'Repeat-offender' suppliers and contractors are driving up premiums on offshore wind projects, according to an underwriter at a leading renewable energy insurance firm.

Swancor sells 95% of renewables unit

Swancor sells 95% of renewables unit

Taiwanese resin and composites company Swancor has sold a 95% stake in Swancor Renewable Energy to US investors and industry entrants Stonepeak Infrastructure Partners.

In depth

Macquarie benefits from Unicredit's Bard Offshore 1 write-off

What has Macquarie Infrastructure and Real Assets (MIRA) bought in its takeover of Ocean Breeze Energy, owner of the 400MW Bard Offshore 1 project in the North Sea?

Ørsted's US win a "vindication", says WoodMac

Having struggled to succeed since it entered the US market in April 2015, the fact that Ørsted now has over 3GW of contracted wind capacity is a "vindication" of its decision to cross the Atlantic, says Wood Mackenzie Power and Renewables (WMPR) senior analyst Anthony Logan.

The hot and cold markets of 2019 so far

As we reach the mid-point of the year, Windpower Monthly takes a look at which markets are on a hot streak, and which are suffering from a freeze in installations.

GE cuts losses to focus on Haliade-X

GE Renewable Energy will focus on the industrial strategy for its Haliade-X 12-14MW offshore wind turbine, after dropping the two French offshore projects earmarked for the firm's increasingly outdated 6MW model.

OPINION: Ørsted US shopping spree not just about capacity

Ørsted has spent more than $1 billion in the past two months, buying up more than just US wind capacity.