Connection

popular articles

BYD: Half-year profit up 24.4% despite price war
Bolivia: YPFB seeks funding to revitalize the oil and gas sector
ExxonMobil launches Hammerhead Oil Project in Guyana
Biomass briquette market to reach USD 1.9 billion by 2033
India: Petronet LNG adopts Novolen technology to boost production

TEPCO RP invests in Flotation Energy

TEPCO Renewable Power announces the signing of a share purchase agreement to invest in Flotation Energy.

Please share:

TEPCO Renewable Power announces the signing of a share purchase agreement to invest in Flotation Energy. This represents TEPCO RP’s first equity investment in an overseas wind power company.

A strategic investment

TEPCO’s investment represents the recognition of the Flotation Energy team according to its CEO. Flotation Energy is one of the pioneers in the growth of floating wind in the world. Founded in 2018, the company was developing the world’s largest floating offshore wind farm in Kincardine.

Currently, Flotation Energy has a very large pipeline of projects in the UK, Ireland and Asia Pacific. The company has an interest in the Morecambe wind farm in the Irish Sea with an installed capacity of 480MW. It is developing 13 separate projects with a capacity of 1200MW in the UK, Ireland, Japan and Australia.

Development prospects

This operation will enable the design and construction or the operation and maintenance of offshore wind projects. This new partnership between the Scottish firm and the Japanese company represents a major investment for TEPCO. Both companies hope that their cooperation will create a global initiative for the development of offshore wind.

On the other hand, this collaboration should allow a stable supply of electricity according to Masashi Nagasawa. It will also help limit the spike in electricity prices due to soaring fossil fuel prices. This collaboration with Flotation Energy, will allow TEPCO to benefit from technologies to implement offshore wind projects.

 

Register free of charge for uninterrupted access.

Publicite

Latest news

North Macedonia: A Strategic Partnership with SOCAR for Energy Security
Strategic Partnership Between SEFE and Eletrobras for Green Hydrogen Supply
Increase in Premiums for 2025 LNG Contracts Following Trump’s Victory
Six new countries commit to tripling global nuclear production by 2050
Towards Methane Regulation Convergence: U.S. and European Union Collaborate

Recently published in

Donald Trump’s Re-election: A Challenge for RWE and Siemens Energy’s Offshore Wind Projects

Donald Trump's victory raises concerns for RWE and Siemens Energy about their offshore wind projects in the United States, facing administrative delays and trade tensions.
Siemens Energy: Promising Forecasts Boost Stock Price
After strong annual results, Siemens Energy’s stock soars, driven by ambitious forecasts and resolving challenges in wind energy, despite geopolitical uncertainties in the United States.
en_1140416540
Siemens Energy: Promising Forecasts Boost Stock Price
After strong annual results, Siemens Energy’s stock soars, driven by ambitious forecasts and resolving challenges in wind energy, despite geopolitical uncertainties in the United States.
en_1140416540
Masdar announces a 1 GW wind farm in Uzbekistan to power 300,000 homes
Masdar, the UAE's renewable energy leader, signs an agreement to develop a 1 GW wind farm in Uzbekistan's Mingbulak region. This project aims to strengthen energy security and support the country's green transition.
en_1140428540
Masdar announces a 1 GW wind farm in Uzbekistan to power 300,000 homes
Masdar, the UAE's renewable energy leader, signs an agreement to develop a 1 GW wind farm in Uzbekistan's Mingbulak region. This project aims to strengthen energy security and support the country's green transition.
en_1140428540
Masdar signs an agreement for a 1GW wind farm in Kazakhstan, one of the largest in the region
Masdar signs an agreement for a 1GW wind farm in Kazakhstan, one of the largest in the region
en_1140401540
Masdar signs an agreement for a 1GW wind farm in Kazakhstan, one of the largest in the region
Masdar signs an agreement for a 1GW wind farm in Kazakhstan, one of the largest in the region
en_1140401540

France: The Council of State Orders the Government to Accelerate Renewable Energy

The Council of State has ordered the government to implement measures to expedite renewable energy projects following a lawsuit led by Eolise, a company specializing in wind and photovoltaic energy.
ACCIONA acquires 2 wind farms in the United States for 202.5 million USD
ACCIONA Energía announces the acquisition of two wind farms in Texas, increasing its installed capacity in the United States with an additional 300 MW of renewable energy production.
en_1140307540
ACCIONA acquires 2 wind farms in the United States for 202.5 million USD
ACCIONA Energía announces the acquisition of two wind farms in Texas, increasing its installed capacity in the United States with an additional 300 MW of renewable energy production.
en_1140307540
Wales approves largest onshore wind farm to strengthen its energy future
The Welsh government has approved the Twyn Hywel wind farm, a major project by Bute Energy, which will support the energy transition by supplying electricity to 81,000 households while stimulating the local economy.
en_1140309540
Wales approves largest onshore wind farm to strengthen its energy future
The Welsh government has approved the Twyn Hywel wind farm, a major project by Bute Energy, which will support the energy transition by supplying electricity to 81,000 households while stimulating the local economy.
en_1140309540
Australia: BlueFloat Energy Launches 2.1 GW Offshore Wind Project Gippsland Dawn
BlueFloat Energy's offshore wind project, Gippsland Dawn, has obtained "Major Project" status in Australia, recognizing its importance to the renewable energy sector and the nation’s energy transition.
en_1140298540
Australia: BlueFloat Energy Launches 2.1 GW Offshore Wind Project Gippsland Dawn
BlueFloat Energy's offshore wind project, Gippsland Dawn, has obtained "Major Project" status in Australia, recognizing its importance to the renewable energy sector and the nation’s energy transition.
en_1140298540

Vestas quadruples its profit in Q3 thanks to a record order backlog

Vestas quadruples its profit in Q3 thanks to a record order backlog
Sweden: Offshore Wind Farms in the Baltic Sea Raise Defense Concerns
Sweden's planned offshore wind farms in the Baltic Sea raise concerns about the country's defense capabilities, according to a military report. A crucial choice emerges between energy needs and national security.
en_1140224540
Sweden: Offshore Wind Farms in the Baltic Sea Raise Defense Concerns
Sweden's planned offshore wind farms in the Baltic Sea raise concerns about the country's defense capabilities, according to a military report. A crucial choice emerges between energy needs and national security.
en_1140224540
Sweden Halts Baltic Sea Wind Projects Over National Security Concerns
Sweden has recently rejected 13 wind farm projects in the Baltic Sea, citing defense-related security concerns. This decision raises questions about balancing energy needs with national protection.
en_1140236540
Sweden Halts Baltic Sea Wind Projects Over National Security Concerns
Sweden has recently rejected 13 wind farm projects in the Baltic Sea, citing defense-related security concerns. This decision raises questions about balancing energy needs with national protection.
en_1140236540
Historic Agreement between BOEM and DoD for Offshore Wind Development in the United States
The Bureau of Ocean Energy Management (BOEM) and the Department of Defense (DoD) unite to support offshore wind development, ensuring compatibility with essential military operations.
en_1140198540
Historic Agreement between BOEM and DoD for Offshore Wind Development in the United States
The Bureau of Ocean Energy Management (BOEM) and the Department of Defense (DoD) unite to support offshore wind development, ensuring compatibility with essential military operations.
en_1140198540

The United States Opens First Offshore Wind Lease Sale in the Gulf of Maine

The Biden-Harris administration has completed a historic offshore wind lease sale in the Gulf of Maine, aiming to generate enough clean energy to power 2.3 million homes. This milestone is part of the ambitious American energy transition.
Finland Achieves Record Electricity Production Through Wind Energy
For the first time, wind energy produced the majority of electricity in Finland this weekend, supported by powerful winds and increased wind turbine capacity.
en_1140156540
Finland Achieves Record Electricity Production Through Wind Energy
For the first time, wind energy produced the majority of electricity in Finland this weekend, supported by powerful winds and increased wind turbine capacity.
en_1140156540
Global Wind Energy on Track for Record Growth in 2024
The global wind energy sector is expected to reach new milestones in 2024, driven by favorable conditions and massive investments, particularly in China, the United States, and Germany.
en_1140119540
Global Wind Energy on Track for Record Growth in 2024
The global wind energy sector is expected to reach new milestones in 2024, driven by favorable conditions and massive investments, particularly in China, the United States, and Germany.
en_1140119540
Geobiology, a pseudo-science that finds its way onto wind farm sites
Missioned by wind developers and farmers, geobiologists are accused of charlatanism. Their method, not scientifically validated, raises concerns among sector specialists.
en_1140123540
Geobiology, a pseudo-science that finds its way onto wind farm sites
Missioned by wind developers and farmers, geobiologists are accused of charlatanism. Their method, not scientifically validated, raises concerns among sector specialists.
en_1140123540

Europe Faces Chinese Competition in Offshore Wind Energy

Eight European countries meet to strengthen their commitments to offshore wind energy in the North Sea, a sector facing the growing challenge of Chinese companies.
CleanPowerSF signs its largest wind energy contract to power San Francisco
The Gonzaga Ridge project in Merced County will provide 147.5 MW of wind energy and 50 MW of storage for CleanPowerSF, doubling the supply of clean energy for 385,000 customers.
en_1140116540
CleanPowerSF signs its largest wind energy contract to power San Francisco
The Gonzaga Ridge project in Merced County will provide 147.5 MW of wind energy and 50 MW of storage for CleanPowerSF, doubling the supply of clean energy for 385,000 customers.
en_1140116540
A strategic partnership for offshore wind energy in Brazil
Eletrobras and Ocean Winds have signed an agreement to explore the potential of offshore wind energy in Brazil, aiming to develop this new renewable energy source to meet the growing demand for clean energy.
en_1140102540
A strategic partnership for offshore wind energy in Brazil
Eletrobras and Ocean Winds have signed an agreement to explore the potential of offshore wind energy in Brazil, aiming to develop this new renewable energy source to meet the growing demand for clean energy.
en_1140102540
Copenhagen Energy accelerates its wind projects in the Philippines with the Green Lane Certification
Copenhagen Energy has obtained the Green Lane Certification for its BuhaWind projects in the Philippines, facilitating the rapid implementation of wind farms and contributing to the country's energy transition.
en_114083540
Copenhagen Energy accelerates its wind projects in the Philippines with the Green Lane Certification
Copenhagen Energy has obtained the Green Lane Certification for its BuhaWind projects in the Philippines, facilitating the rapid implementation of wind farms and contributing to the country's energy transition.
en_114083540

BOEM Completes Environmental Review of Offshore Wind Lease Areas in New York and New Jersey

The Bureau of Ocean Energy Management (BOEM) has completed its environmental analysis for six offshore wind zones, supporting the Biden-Harris administration’s goal of deploying 30 GW of offshore wind energy by 2030.
Rally in Nantes Against Job Cuts at GE Vernova
Approximately 200 GE Vernova employees gathered in Nantes to protest job cuts at two sites in Loire-Atlantique, expressing their concerns about the future of offshore wind energy in France.
en_1140999915540
Rally in Nantes Against Job Cuts at GE Vernova
Approximately 200 GE Vernova employees gathered in Nantes to protest job cuts at two sites in Loire-Atlantique, expressing their concerns about the future of offshore wind energy in France.
en_1140999915540
United-Kingdom: The CAA Allows Drones to Monitor Energy Infrastructures
The British CAA permits the use of drones for monitoring energy infrastructures, impacting operational efficiency and security in the sector. This decision opens new perspectives for the maintenance of wind turbines and power lines.
en_1140880945540
United-Kingdom: The CAA Allows Drones to Monitor Energy Infrastructures
The British CAA permits the use of drones for monitoring energy infrastructures, impacting operational efficiency and security in the sector. This decision opens new perspectives for the maintenance of wind turbines and power lines.
en_1140880945540
Cordelio Power Advances Four Projects into Construction and One into Operations
Cordelio Power announces the launch of four projects in construction and the commissioning of a wind project, thereby strengthening its position in the energy market.
en_1140880941540
Cordelio Power Advances Four Projects into Construction and One into Operations
Cordelio Power announces the launch of four projects in construction and the commissioning of a wind project, thereby strengthening its position in the energy market.
en_1140880941540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS