Search results for: us wind

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  • Boskalis Reports Record 2023 with 150 Pct Net Profit Increase; Half of Offshore Energy Revenue Came from Offshore Wind

    12 March 2024
    Business & Finance, Fixed-Bottom, Supply Chain, Vessels

    Boskalis’s offshore energy division saw 50 per cent of its revenue coming from offshore wind in 2023, according to annual results the Dutch dredging and offshore construction specialist released on 7 March. Company-wide, Boskalis reported a 20 per cent increase in revenue and a 150 per cent higher net profit than in 2022. For its […]

  • Equinor Re-Bids Empire Wind 1 in New York; Rules Allow for Projects with Existing ORECs to Participate

    30 January 2024
    Authorities, Business & Finance, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    Equinor is bidding in the expedited offshore wind solicitation in New York with Empire Wind 1, the 810 MW project that already secured an Offshore Renewable Energy Credit (OREC) contract in 2019, as the rules of New York’s procurement provide for projects with existing ORECs to bid into the solicitation. The company first revealed its […]

  • Crown Estate Mulls Adding 4 GW of Capacity from Existing Offshore Wind Projects

    9 November 2023
    Authorities, Business development, Planning & Permitting, Project Updates, Research & Development, Wind Farm Update

    The Crown Estate has revealed that it is taking steps to enable the generation of up to an additional 4 GW of electricity from several offshore wind projects in development, within the timeframe of the 50 GW 2030 target. This follows requests from the developers of seven offshore wind farm projects who believe additional capacity […]

  • French Company to Take Over Correll Group

    8 December 2023

    The French company, SPIE, has revealed the plan to take over UK-based offshore wind engineering, installation, and maintenance services company, Correll Group. Founded in 2014 and headquartered in Skelton, Correll Group stands out for its knowledge in the connection and testing of submarine high-voltage cables for the interconnection of wind farms, said SPIE. According to […]

  • Ørsted Reshuffling Exec Team Amid ‘Challenging Business Environment’ in the Industry

    14 November 2023
    Business & Finance, Fixed-Bottom, Floating Wind, Industry

    Ørsted’s Chief Financial Officer (CFO) and Chief Operating Officer (COO) are leaving the company, and with immediate effect, as a result of “a challenging and volatile business environment” in the industry, according to the offshore wind major. Ørsted is already head-hunting for the new CFO and COO. Daniel Lerup and Richard Hunter, Ørsted’s now-former CFO […]

  • 1.2 GW Taiwanese Floating Offshore Wind Project Moves Forward

    15 January 2024
    Authorities, Floating Wind, Planning & Permitting, Project Updates, Wind Farm Update

    The Huan Ya offshore wind project, being developed by Taiya Renewable Energy, has received preliminary approval of its Environmental Impact Assessment (EIA). The Huan Ya offshore wind project will be located off the coast of Zhunan Township, Houlong Township, and Tongxiao Township in Miaoli County, Taiwan. The wind farm’s surface area is about 74.08 square […]

  • Oceantic Network CEO: ‘There Comes a Time When We Have to Say Enough Is Enough’

    18 December 2023
    Business & Finance, Fixed-Bottom, Floating Wind, Foundations, Industry, Manufacturing, Operations & Maintenance, Outlook & Strategy, Planning & Permitting, Ports & Logistics, Supply Chain, Vessels, Wind Turbines

    As new offshore wind markets keep emerging and targets in established markets keep increasing, questions on how much capacity can actually be installed, especially until 2030 which is just around the corner, have come to the sector’s foreground. The most vocal on the (un)likeliness of the national and regional targets for 2030 being met – […]

  • BOEM Proposes Fewer Turbines for Ørsted’s 924 MW Offshore Wind Project

    12 December 2023
    Authorities, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    The US Bureau of Ocean Energy Management (BOEM) has completed its environmental review of Ørsted’s Sunrise Wind project. In the Final Environmental Impact Statement (EIS), issued on 11 December, BOEM proposes an alternative layout for the offshore wind farm with fewer turbines. With the final EIS now released and set to be published in the […]

  • Fair Winds, New Capacity Lift RWE’s 2023 Offshore Wind Earnings

    14 March 2024
    Business & Finance, Fixed-Bottom

    RWE has reported an adjusted EBITDA of nearly EUR 1.7 billion in its offshore wind segment for 2023, compared to EUR 1.4 billion for the previous fiscal year. The increase in earnings is due to the commissioning of new capacity and better wind conditions, according to the company. Electricity generation from renewable energy at RWE rose by […]

  • Permitting Milestones for Finnish Offshore Wind Project’s Demo Phase

    21 December 2023
    Authorities, Business development, Planning & Permitting, Research & Development

    The demonstration phase of the Tahkoluoto offshore wind farm extension project, being developed by Suomen Hyötytuuli in Finland, has been granted water and building permits. Tahkoluoto extension offshore wind farm will be located 4-22 kilometres off the coast of Pori, in Western Finland. The project is the world’s first offshore wind farm in frozen sea […]

  • Euroports, Port of Hanko Unveil Plans for Wind Hub in Finland

    21 March 2024
    Business & Finance, Business development, Ports & Logistics, Research & Development

    Euroports and the Port of Hanko have signed a Letter of Intent (LOI) to establish a wind hub at the Port of Hanko in Koverhar, Finland. According to Euroports, the initiative positions the harbour, situated in the southernmost part of the country, as a central place in the offshore wind supply chain, tackling the critical […]

  • Prysmian Lands EUR 5 Billion Cable Job for Projects Offshore Germany

    15 February 2024
    Business & Finance, Cables, Contracts & Tenders, Grid Connection, Supply Chain

    Italy-headquartered Prysmian has finalized three contracts worth in aggregate around EUR 5 billion with the transmission system operator (TSO) Amprion for BalWin1 and BalWin2 offshore grid connection systems and the DC34 underground cable project in Germany. According to Prysmian, this package deal is the largest in value and in km of cable ever awarded to […]

  • Ørsted Has 6.7 GW of Offshore Wind Under Construction

    1 March 2024
    Business & Finance, Business development, Fixed-Bottom

    Ørsted has 6.7 GW of offshore wind under construction in 2024 across several projects worldwide, more than ever before in the company’s history, according to a recent newsletter from the global offshore wind developer. The capacity the company has under construction this year is significantly contributed by the Hornsea 3 offshore wind farm in the […]

  • Marguerite Sells Stake in 325 MW Belgian Offshore Wind Farm

    12 February 2024
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    Marguerite Pantheon has decided to sell its 10 per cent stake in the 325 MW C-Power (Thornton Bank) offshore wind farm in Belgium. The stake was acquired by existing shareholders in the project and the transaction was signed and closed on 2 February 2024. The company did not provide any financial details about the transaction. […]

  • Cadeler Inks Wind Turbine Installation Deal for Wind Scylla

    27 March 2024
    Business & Finance, Contracts & Tenders, Supply Chain, Vessels

    Denmark’s Cadeler has signed an offshore wind turbine installation contract for the vessel, Wind Scylla, with an undisclosed client. The contract has a value between USD 75 million and USD 150 million, including both the firm period and potential options. The installation work is planned to commence in 2025. During the project duration, spanning between […]

  • US Moves Closer to Gulf of Maine (Floating) Offshore Wind Lease Sale

    20 October 2023
    Authorities, Business development, Planning & Permitting, Research & Development

    The US Bureau of Ocean Energy Management (BOEM) has identified a draft Wind Energy Area (WEA) offshore the Gulf of Maine holding an estimated 40 GW of capacity which will be put up for a lease sale in 2024. The Draft WEA covers approximately 3,519,067 acres offshore Maine, Massachusetts, and New Hampshire, ranging from approximately […]

  • Fred. Olsen Windcarrier to Install Baltica 2 Offshore Wind Turbines

    3 January 2024
    Contracts & Tenders, Fixed-Bottom, Project Updates, Supply Chain, Vessels, Wind Farm Update

    The joint venture between Ørsted and PGE has awarded Fred. Olsen Windcarrier a contract for the installation of wind turbines at the Baltica 2 offshore wind farm in Poland. “Installation of wind turbines for Baltica 2 has been divided into two stages, and a contractor for each stage is selected in a separate tender procedure. The […]

  • FibreMax to Offer Global Supply Chain Solutions to Floating Offshore Wind Developers

    1 February 2024
    Business & Finance, Business development, Research & Development, Supply Chain

    Netherlands-based FibreMax has launched a comprehensive range of global supply chain solutions tailored to the needs of floating offshore wind technologies. The array of solutions provided by FibreMax, in collaboration with partners Avient Dyneema and Teijin Aramid, is broad, covering ample production capacity, land-based production facilities, and floating production units, the company said. The unveiling […]

  • Greece Launches Offshore Wind Development Plan, Targets 4.9 GW by 2032

    1 November 2023
    Authorities, Business development, Floating Wind, Planning & Permitting, Research & Development

    The Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) has announced the draft National Development Programme for Offshore Wind Farms at an event held in Athens, Greece, on October 31. The draft plan includes 25 areas, covering a total area of 2,712 square kilometers, with an estimated minimum capacity of 12.4 GW. The programme defines […]

  • New Jersey Kicks Off Work on Second Offshore Wind Transmission Tender

    6 February 2024
    Authorities, Contracts & Tenders, Fixed-Bottom, Grid Connection, Planning & Permitting, Supply Chain

    The US regional transmission company PJM Interconnection and the New Jersey Board of Public Utilities (NJBPU) have signed an agreement that opens the path towards New Jersey’s second offshore wind transmission tender. The agreement was filed with the Federal Energy Regulatory Commission (FERC) on 2 February. PJM and NJBPU’s new collaboration is the next phase of […]

  • Out with Financial Bid Criteria, in with Unrestrained Innovation in Offshore Wind

    15 December 2023
    Business & Finance, Environment, Innovation, Market Outlooks, Operations & Maintenance, Outlook & Strategy, Research & Development, Technology, Transition

    A healthy market framework is necessary for offshore wind projects to be sustainable and future-proof, and changes to the tendering framework can help ensure that, Ireen Geerbex, Director Market Development the Netherlands at Vattenfall, said during this year’s Offshore Energy Exhibition and Conference in Amsterdam, the Netherlands. ”We need quality and we need added value, […]

  • Cadeler and Eneti Wrap Up Merger

    22 December 2023
    Business & Finance, Collaboration, Industry, Outlook & Strategy

    Cadeler and Eneti have rang the bell at the New York Stock Exchange as one entity, marking the merger of the two companies and creating a leading offshore wind installation firm. Following the business combination of Cadeler and Eneti, the combined group will be named Cadeler and be headquartered in Copenhagen, Denmark, with offices across […]

  • Dominion to Sell Half of 2.6 GW Coastal Virginia Offshore Wind Project in Multi-Billion-Dollar Deal

    22 February 2024
    Authorities, Business & Finance, Business development, Fixed-Bottom, Industry, Planning & Permitting, Research & Development

    Stonepeak, an alternative investment firm specialising in infrastructure and real assets, has reached an agreement with Dominion Energy to acquire a 50 per cent interest in its 2.6 GW Coastal Virginia Offshore Wind (CVOW) project in the US through the formation of an offshore wind partnership. “Having previously partnered with Dominion Energy, we look forward […]

  • RWE’s Welsh Offshore Wind Project Powers Ahead

    5 December 2023
    Authorities, Planning & Permitting, Project Updates, Wind Farm Update

    Natural Resources Wales has awarded marine licences for RWE’s Awel y Môr offshore wind project off the North Wales Coast. The offshore wind farm, which could power more than half of Wales’ homes, has secured all of its necessary planning approvals with the award of its marine licences from Natural Resources Wales, RWE said. The […]

  • BOEM Identifies Four New Wind Areas in Gulf of Mexico, Plans Another Lease Sale

    30 October 2023
    Authorities, Business development, Planning & Permitting, Research & Development

    The US Bureau of Ocean Energy Management (BOEM) has finalised four new wind energy areas (WEAS) in the Gulf of Mexico that could support offshore wind projects with the potential to produce enough renewable energy to power more than three million homes. The four WEAs include Option J, 495,567 acres located approximately 47.2 miles off […]

  • Iberdrola Setting Up Stage for Upcoming Supply Chain Tenders

    22 November 2023
    Business development, Innovation, Jobs & Recruitment, Operations & Maintenance

    Iberdrola France has launched its platform to identify and collaborate with companies committed to renewable energy and offshore wind for upcoming calls for tenders. According to Iberdrola, the company’s goal is to integrate new partners into the Iberdrola France network to facilitate collaboration on territories and future offshore wind projects. Iberdrola France is organising a […]