Ocean Wind

EDP Renewables net profit increases to 467 million euros in the first nine months of 2023

Retrieved on: 
Tuesday, October 31, 2023
PPA, EBITDA, Rotation, EDP Renováveis, Wind, Growth, EDPR, EDP, GW, Recycling, Investment, Renewable energy, Ocean Wind

EDP Renewables registered a net profit of 467 million euros until September, up to 12% year-on-year in recurring terms.

Key Points: 
  • EDP Renewables registered a net profit of 467 million euros until September, up to 12% year-on-year in recurring terms.
  • The company’s recurrent EBITDA reached €1,437 million, a 3% decrease interannually, with overall performance improving in Europe, South America, and APAC and lower contributions from North America.
  • In the first nine months of 2023, EDPR’s gross investment reached close to 3.4 billion euros, with over 80% of its CAPEX invested in Europe and North America.
  • EDP Renewables is actively working to decarbonize the economy by accelerating its renewable deployment and technological mix.

Mainstream Renewable Power and Ocean Winds partner on second Scotwind floating offshore wind site

Retrieved on: 
Thursday, August 17, 2023
Partnership, EDPR, Neart Na Gaoithe, Eddie O'Connor (businessman), Hornsea, Ocean Wind, NE1, Fishery, Wind, Mainstream, Acquisition, Wind power, Crown Estate Scotland, ENGIE, Shetland, Renewable energy

LYSAKER, Norway, Aug. 17, 2023 /PRNewswire/ -- Mainstream Renewable Power ("Mainstream"), the global pureplay renewable energy company, and Ocean Winds, the international joint venture between EDPR and ENGIE dedicated to offshore wind energy, have partnered to develop a second ScotWind site of 500 MW east of Shetland, expanding the overall footprint of the Arven Offshore Wind Farm ("Arven") to 2.3 GW.

Key Points: 
  • LYSAKER, Norway, Aug. 17, 2023 /PRNewswire/ -- Mainstream Renewable Power ("Mainstream"), the global pureplay renewable energy company, and Ocean Winds, the international joint venture between EDPR and ENGIE dedicated to offshore wind energy, have partnered to develop a second ScotWind site of 500 MW east of Shetland, expanding the overall footprint of the Arven Offshore Wind Farm ("Arven") to 2.3 GW.
  • The companies are currently developing a 1.2 GW floating offshore wind farm in South Korea and are in a consortium for the upcoming Utsira Nord floating offshore wind tender in Norway.
  • Adam Morrison, UK Country Manager for Ocean Winds, said:
    "The collaboration between Ocean Winds and Mainstream Renewable Power marks a significant milestone, combining our expertise and resources to develop our largest floating offshore wind farm to date.
  • This remains a core offshore wind market for Mainstream and we look forward, together with Ocean Winds, to continuing our engagements with Crown Estate Scotland and other key stakeholders."

Mainstream Renewable Power and Ocean Winds partner on second Scotwind floating offshore wind site

Retrieved on: 
Thursday, August 17, 2023
Partnership, EDPR, Neart Na Gaoithe, Eddie O'Connor (businessman), Hornsea, Ocean Wind, NE1, Fishery, Wind, Mainstream, Acquisition, Wind power, Crown Estate Scotland, ENGIE, Shetland, Renewable energy

LYSAKER, Norway, Aug. 17, 2023 /PRNewswire/ -- Mainstream Renewable Power ("Mainstream"), the global pureplay renewable energy company, and Ocean Winds, the international joint venture between EDPR and ENGIE dedicated to offshore wind energy, have partnered to develop a second ScotWind site of 500 MW east of Shetland, expanding the overall footprint of the Arven Offshore Wind Farm ("Arven") to 2.3 GW.

Key Points: 
  • LYSAKER, Norway, Aug. 17, 2023 /PRNewswire/ -- Mainstream Renewable Power ("Mainstream"), the global pureplay renewable energy company, and Ocean Winds, the international joint venture between EDPR and ENGIE dedicated to offshore wind energy, have partnered to develop a second ScotWind site of 500 MW east of Shetland, expanding the overall footprint of the Arven Offshore Wind Farm ("Arven") to 2.3 GW.
  • The companies are currently developing a 1.2 GW floating offshore wind farm in South Korea and are in a consortium for the upcoming Utsira Nord floating offshore wind tender in Norway.
  • Adam Morrison, UK Country Manager for Ocean Winds, said:
    "The collaboration between Ocean Winds and Mainstream Renewable Power marks a significant milestone, combining our expertise and resources to develop our largest floating offshore wind farm to date.
  • This remains a core offshore wind market for Mainstream and we look forward, together with Ocean Winds, to continuing our engagements with Crown Estate Scotland and other key stakeholders."

Europe Floating Power Plant Market Size, Segments, Outlook and Revenue Forecasts Report 2022-2027

Retrieved on: 
Wednesday, April 12, 2023
EDP Renováveis, Renewable energy, General Electric, Mitsubishi Heavy Industries, PLOCAN, Ocean Wind, Oceanic Platform of the Canary Islands, COVID-19, Electricity, GE, Vestas, Carbon, Siemens Gamesa, Wind, US, SeaTwirl, Acquisition, Capacity, Cost, Risk, ENGIE, Kilowatt-hour, Memorandum of understanding, Growth, Weather, EDP, MAN Energy Solutions, JERA, Power station, Siemens Energy, Video game, EU, Eurostat, Caterpillar

DUBLIN, April 12, 2023 /PRNewswire/ -- The "Europe Floating Power Plant Market Size, Segments, Outlook and Revenue Forecast 2022-2027 by Power Source Type, Platform Type, Connectivity, By Capacity and Major Countries" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, April 12, 2023 /PRNewswire/ -- The "Europe Floating Power Plant Market Size, Segments, Outlook and Revenue Forecast 2022-2027 by Power Source Type, Platform Type, Connectivity, By Capacity and Major Countries" report has been added to ResearchAndMarkets.com's offering.
  • Floating power plants are mobile in nature so they can be transported to any remote location near the sea or ocean and can supply power.
  • These reasons are driving the growth of the Floating Power Plant market in Europe.
  • Unlike conventional power plants, floating power plant requires less infrastructure and less time to supply power as well as they are mobile and flexible.

Ocergy's OCG-Data Installed Offshore, Acquiring Data

Retrieved on: 
Tuesday, February 28, 2023
AIX, Buoy, University, AO6, Environment, Acquisition, Biodiversity, Leucate, Sens, TP, Bureau Veritas, Ocean Wind, Mediterranean Sea, FOW, Occitanie, Renewable energy, Chorus, Life, Port-la-Nouvelle

The buoy data acquisition system is fully operational and high resolution metocean and bio-diversity data is already being acquired.

Key Points: 
  • The buoy data acquisition system is fully operational and high resolution metocean and bio-diversity data is already being acquired.
  • In addition, the scientific committee composed of CRPMEM, Ecocean, Ocean Winds, Semantic-T.S., Chorus, and Bureau Veritas has provided important input to the project.
  • The buoy is fitted with TP Product structural compact flanges, and a Vaisala Windcube lidar.
  • The buoy was assembled at Euroports Marine Renewable Energy terminal in Port-la-Nouvelle.

Mainstream Renewable Power, Ocean Winds and Statkraft Sign Collaboration MoU with Aker Solutions for Floating Wind at Utsira Nord in Norway

Retrieved on: 
Friday, December 9, 2022
Statkraft, Ocean Wind, United Kingdom, Farm, OW, Wind, Eddie O'Connor (businessman), Hornsea, Aker, EDP Renováveis, ENGIE, Aker Solutions, Mitsui, EDP, Renewable energy

Mainstream Renewable Power, Ocean Winds and Statkraft are partnering in the upcoming Utsira Nord tender process to develop floating offshore wind in Norway.

Key Points: 
  • Mainstream Renewable Power, Ocean Winds and Statkraft are partnering in the upcoming Utsira Nord tender process to develop floating offshore wind in Norway.
  • Employing over 700 people across 20 markets, Mainstream has raised more than EUR 3.0 billion in project finance to date.
  • In May 2021, Norway-based Aker Horizons acquired a majority stake in Mainstream and, in April 2022, Japan-based Mitsui & Co., Ltd. joined Aker Horizons as a long-term strategic investor.
  • Mainstream has developed approximately 20% of the UK's offshore wind capacity either in construction or operation including the world's largest offshore operating wind farm in at Hornsea.

Mainstream Renewable Power, Ocean Winds and Statkraft Sign Collaboration MoU with Aker Solutions for Floating Wind at Utsira Nord in Norway

Retrieved on: 
Friday, December 9, 2022
Statkraft, Ocean Wind, United Kingdom, Farm, OW, Wind, Eddie O'Connor (businessman), Hornsea, Aker, EDP Renováveis, ENGIE, Aker Solutions, Mitsui, EDP, Renewable energy

Mainstream Renewable Power, Ocean Winds and Statkraft are partnering in the upcoming Utsira Nord tender process to develop floating offshore wind in Norway.

Key Points: 
  • Mainstream Renewable Power, Ocean Winds and Statkraft are partnering in the upcoming Utsira Nord tender process to develop floating offshore wind in Norway.
  • Employing over 700 people across 20 markets, Mainstream has raised more than EUR 3.0 billion in project finance to date.
  • In May 2021, Norway-based Aker Horizons acquired a majority stake in Mainstream and, in April 2022, Japan-based Mitsui & Co., Ltd. joined Aker Horizons as a long-term strategic investor.
  • Mainstream has developed approximately 20% of the UK's offshore wind capacity either in construction or operation including the world's largest offshore operating wind farm in at Hornsea.

Golden State Wind, a Joint Venture of Ocean Winds and CPP Investments, Wins 2 GW California Wind Energy Lease

Retrieved on: 
Wednesday, December 7, 2022
Fund, BOEM, Ocean Wind, CPP, Morro Bay, California, CPP Investment Board, Partnership, Sale, OW, Wind, Golden State, Investment, Structure of the Canadian federal government, Sustainable energy, Workforce, Golden, Federation, Carbon, Renewable energy

Golden State Wind, a Joint Venture of Ocean Winds and CPP Investments, Wins 2 GW California Wind Energy Lease

Key Points: 
  • Golden State Wind, a Joint Venture of Ocean Winds and CPP Investments, Wins 2 GW California Wind Energy Lease
    The lease area awarded, OCS-P 0564, is one of five sites off the coast of California that was the subject of an auction held by BOEM.
  • This auction is particularly notable as it is the first floating offshore wind lease sale in the country, and the first offshore wind lease sale of any kind, on the West Coast.
  • Golden State Wind's winning bid for lease area OCS-P 0564 was $150.3 million, with OW and CPP Investments each maintaining a 50% investment in the project.
  • When fully built out and operational, the lease area could accommodate approximately 2 GW of offshore wind energy, generating enough energy to power the equivalent of 900,000 homes.

Aker Horizons ASA: Third-Quarter Results 2022

Retrieved on: 
Wednesday, November 2, 2022
Carbon, Security (finance), Eddie O'Connor (businessman), Disclosure, CEO, Q&A, PPA, Crown Estate Scotland, Hydrogen, OSE, Regulation (EU) No. 305/2011, Shetland, Wind, Aker, Ocean Wind, NOK, Africa Finance Corporation, Net asset value, Power purchase agreement, Communication, NAV, Investor relations, Mainstream, Infinity Group, Oslo Stock Exchange, Hellenic Republic Asset Development Fund, Renewable energy, Johan Kvandal

FORNEBU, Norway, Nov. 2, 2022 /PRNewswire/ --Aker Horizons ASA (OSE: "AKH"), a developer of green energy and green industry, today announced results for the third quarter 2022.

Key Points: 
  • FORNEBU, Norway, Nov. 2, 2022 /PRNewswire/ --Aker Horizons ASA (OSE: "AKH"), a developer of green energy and green industry, today announced results for the third quarter 2022.
  • Aker Horizons' liquidity reserve, including cash and undrawn credit facilities, stood at NOK 9.7 billion as per 30 September 2022.
  • As part of the Aker group, Aker Horizons applies industrial, technological and capital markets expertise with a planet-positive purpose to drive decarbonization globally.
  • This stock exchange announcement was published by Ivar Simensen, Communications, Aker Horizons, on 2 November 2022 at 07:00 CET.

Aker Horizons ASA: Third-Quarter Results 2022

Retrieved on: 
Wednesday, November 2, 2022
Carbon, Security (finance), Eddie O'Connor (businessman), Disclosure, CEO, Q&A, PPA, Crown Estate Scotland, Hydrogen, OSE, Regulation (EU) No. 305/2011, Shetland, Wind, Aker, Ocean Wind, NOK, Africa Finance Corporation, Net asset value, Power purchase agreement, Communication, NAV, Investor relations, Mainstream, Infinity Group, Oslo Stock Exchange, Hellenic Republic Asset Development Fund, Renewable energy, Johan Kvandal

FORNEBU, Norway, Nov. 2, 2022 /PRNewswire/ --Aker Horizons ASA (OSE: "AKH"), a developer of green energy and green industry, today announced results for the third quarter 2022.

Key Points: 
  • FORNEBU, Norway, Nov. 2, 2022 /PRNewswire/ --Aker Horizons ASA (OSE: "AKH"), a developer of green energy and green industry, today announced results for the third quarter 2022.
  • Aker Horizons' liquidity reserve, including cash and undrawn credit facilities, stood at NOK 9.7 billion as per 30 September 2022.
  • As part of the Aker group, Aker Horizons applies industrial, technological and capital markets expertise with a planet-positive purpose to drive decarbonization globally.
  • This stock exchange announcement was published by Ivar Simensen, Communications, Aker Horizons, on 2 November 2022 at 07:00 CET.