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Ørsted Satisfied With Walney Extension and Hornsea 1 Tax Ruling

Ørsted Satisfied With Walney Extension and Hornsea 1 Tax Ruling

Offshore wind developer Ørsted says it is satisfied with a final opinion from tax authorities in the UK and Denmark regarding a long-running taxation dispute. An advisory commission established under the EU Arbitration C…

Fri Sep 11 20268 min
Industrialisation and Standardisation Could Cut Offshore Wind Costs by 28%

Industrialisation and Standardisation Could Cut Offshore Wind Costs by 28%

Standardising turbine designs and securing predictable project pipelines could reduce the average lifetime cost of electricity from North Sea offshore wind by up to 28 percent by 2050, according to a DNV-led study. The j…

Wed Sep 09 20268 min
Pacifico to Invest More Than $1Bn in Korean Offshore Windfarms

Pacifico to Invest More Than $1Bn in Korean Offshore Windfarms

US-based Pacifico Energy has submitted an investment declaration worth more than 1 billion dollars for its Manho and Jindo Baram offshore wind projects in Korea. Submitted to South Korea's trade ministry at a US investme…

Mon Sep 07 20268 min
TotalEnergies Acquires 40% Operated Stake in Namibia's PEL83 From Galp

TotalEnergies Acquires 40% Operated Stake in Namibia's PEL83 From Galp

TotalEnergies has completed a transaction with Galp to acquire a 40 percent operated interest in Namibia's PEL83 licence, which holds the Mopane discovery. In exchange, Galp acquires interests in the PEL56 and PEL91 lice…

Fri Sep 04 20268 min
Flotation Energy and Harbour Energy Sign MOU for North Sea Electrification

Flotation Energy and Harbour Energy Sign MOU for North Sea Electrification

Flotation Energy has signed a memorandum of understanding with Harbour Energy to collaborate on the assessment of North Sea offshore electrification opportunities. The agreement combines Harbour Energy's extensive experi…

Thu Sep 03 20268 min
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