By Will Mathis (Bloomberg) -- The turbine inventor Henrik Stiesdal is small in the shadows of gigantic curves of steel, watching workers weld towers that will be rooted to the seabed. This factory in the Danish countryside has churned out thousands of masts for wind turbines whose blades can stretch more than 500 feet. It’s an important contribution to a global wind revolution … [Read more...]
Floating Wind Gets a $22 Million Boost From Tokyo Gas
By William Mathis (Bloomberg) --Japanese natural gas company Tokyo Gas Co. Ltd has made a bet that the future of renewable power will be floating at sea. The more than $22 million investment in developer of floating platforms for wind turbines Principle Power Inc. is a sign that fossil fuel companies are continuing to invest to prepare their businesses for a low-carbon … [Read more...]
Floating Wind Farm Developer Seeks New Funding for Bigger Scale
By William Mathis (Bloomberg) --One of the most advanced developers of the growing floating wind farm business, Principle Power Inc., is seeking to raise as much as $25 million to drive the next phase of its effort to make the technology commercial. The potential investment will come at a critical moment for floating wind technology as developers look to scale up from … [Read more...]
French Floating Wind Firm Eolfi in Talks With Investors to Fund Expansion
By Francois de Beaupuy (Bloomberg) --French floating wind farm developer Eolfi SA is seeking new investors to fund the next stage of its expansion, people familiar with the matter said. Alain Delsupexhe, the founder and main shareholder of Eolfi, is seeking bids for the business and the process is at an advanced stage, the people said, asking not to be identified because the … [Read more...]
South Korea to Explore Floating Offshore Wind Opportunities with Equinor
South Korea's national oil company is teaming up with Norway's Equinor to develop commercial floating offshore wind in South Korean waters as the Korean government looks to add more renewables to the country's energy mix. The deal comes in the form of a Memorandum of Understanding signed between Korea National Oil Corporation and Equinor ASA to jointly explore opportunities … [Read more...]