June 25, 2024 – The NextFloat+ Project has secured a €13.4m grant from the European Commission’s Innovation Fund. The project, led by a consortium of X1 Wind, Technip Energies, and NextFloat Plus aims to accelerate the rollout of next-generation floating wind technology by enhancing competitiveness and scalability. The grant will fund the deployment of a 6MW…
June 21, 2024 – The Indian Union Cabinet, led by Prime Minister Narendra Modi, has approved the Viability Gap Funding (VGF) scheme for the country’s first offshore wind energy projects. This initiative, with a total allocation of $908 million, is set to significantly reduce carbon emissions and enhance the nation’s renewable energy capacity. The VGF…
The European Commission has approved an Italian scheme to support offshore wind energy projects with a €2 billion investment. This initiative is part of a larger effort to boost renewable energy capacity in Italy and aligns with the European Green Deal, aiming to reduce reliance on Russian fossil fuels. The Italian government notified the Commission…
North Star has announced a significant financial boost with up to £425 million in new debt investment to expand its fleet and reinforce its leadership in Europe’s offshore wind sector. This funding will facilitate the addition of 40 hybrid service operation vessels (SOVs) by 2040, marking a substantial leap towards the company’s goal of becoming…
Siemens Gamesa, a leading member of Aalborg Renewables, has received a significant investment of DKK 162.2 million from the Green Investment Fund. The funding was announced by Minister of Industry, Business and Financial Affairs Morten Bødskov and marks a major step forward for green technology in Aalborg. Siemens Gamesa Wind Turbine The investment will facilitate…