Disclosed on April 8, 2021, OMERS Infrastructure signed an agreement to sell its 49% minority interest in a 596MW portfolio of four wind assets located in Illinois, Texas, Oregon, and Minnesota (Vento II), at a purchase price of approximately US$ 196.5 million to Atlantica Sustainable Infrastructure plc. The assets have PPAs with investment grade off-takers [...]
LOCK ISLAND, RI - JUNE 13: The Block Island Wind Farm off the coast of Block Island, RI is pictured on Jun. 13, 2017. | Photo by David L. Ryan/The Boston Globe via Getty Images The US wants to use offshore wind farms to collect valuable data on climate change and ocean health. Renewable energy giant Orsted recently signed a memorandum of agreement with the National Oceanic and Atmospheric Administration (NOAA), agreeing to help the agency gather data in US waters leased to the company.
The transaction is set to be completed later this year. : Norway's sovereign wealth fund has agreed to pay around 1.375 billion euros ($1.63 billion) for a 50% stake in one of the world's biggest offshore wind farms, Orsted's 752 megawatt (MW) Borssele 1 & 2 facility. Managed by Norges Bank Investment Management, the fund -- whose wealth stems from Norway's vast North Sea oil and gas reserves -- is the world's largest and worth more than $1.3 trillion. In an announcement Wednesday, NBIM described the deal as its "first investment in renewable energy infrastructure."
By Nadja Skopljak Orsted has signed an agreement with Norges Bank Investment Management (NBIM) to divest a [...] The post Norwegian oil fund partners with Orsted on Borssele 1&2 offshore wind farm appeared... ... Read Full Article Here For more great articles: Offshore Energy Today.
By Bojan Lepic UK-based oil and gas company Tailwind Energy has acquired compatriot Decipher Energy Limited which owns several assets in the UK North Sea. The post Tailwind acquires Decipher Energy and its North... ... Read Full Article Here For more great articles: Offshore Energy Today.
In contrast to his killing the Keystone XL oil pipeline at the dawn of his presidency, Joe Biden this week has emphatically embraced the promise of offshore wind power.
WASHINGTON (AP) -- The Biden administration is ramping up efforts to sharply increase offshore wind energy along the East Coast, announcing progress on a huge wind farm planned off the New Jersey coast and setting a goal to generate enough power to provide electricity for more than 10 million homes by 2030. Meeting the target could create jobs for more than 44,000 workers and employ nearly 33,000 others related to offshore wind activity, the White House said Monday.
ATLANTA, March 29, 2021 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced the acquisition of its 14th wind project -- the 300-megawatt (MW) Deuel Harvest Wind Farm -- from Invenergy, a leading developer, owner and...
Existing clusters to feel the benefit as 'offshore wind will put the rocket boosters under the UK's green economic recovery'
Diamond Transmission Partners buys in once again to partner with Orsted on onshore and offshore green energy infrastructure. : Diamond Transmission Partners buys in once again to partner with Orsted on onshore and offshore green energy infrastructure A PS1.2 billion deal has been agreed for the transmission assets of the world's largest offshore wind farm. The sale of the vital infrastructure linking Hornsea One to the National Grid on the South Humber Bank has been agreed between the joint venture of developer Orsted and investor Global Infrastructure Partners and Diamond Transmission Partners.