Tag: ocean winds

Mainstream and Ocean Winds win 1.8 GW offshore project in ScotWind leasing

Crown Estate Scotland has chosen Mainstream Renewable Power, an Irish renewable energy provider, and Ocean Winds as the preferred bidder for a 1.8 GW wind farm site offshore from the Shetland Islands. The selection offers Mainstream Renewable Power and Ocean Winds the opportunity to enter into an option contract for the site, which is expected to be suitable for an offshore wind farm.

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Ocean Winds invests €3 billion to develop offshore wind projects

In order to construct offshore wind projects by 2025, Ocean Winds, a joint venture (JV) company between EDP and Engie, has made the decision to invest €3 billion. Engie and EDP have each agreed to invest €1.5 billion in the development of the project. Additional funding for the projects will be obtained through debt and financing from external partners. 

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There is a need for a strong offshore wind supply chain: Ocean Winds’ Daniel Finch

Ocean Winds began operations with fixed projects in France with 500 MW capacity each in the locations of Treport and Noirmoutier. The company also has operations in the US where it partnered with Shell in developing the Mayflower project, off the east coast. It had also developed a new technology for floating wind which was used to execute an upcoming project off California. Further, Ocean Winds has collaborated with Ignitis for projects in Lithuania and also proposed wind projects in Poland and the Mediterranean.

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