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MunmuBaram
Business & Finance

South Korean Floating Wind Project Inks Transmission Agreement with KEPCO

The 1,125 MW MunmuBaram floating offshore wind farm, being developed by Hexicon and Shell in South Korea, has entered into a Transmission Service Agreement (TSA) with Korea Electric Power Corporation (KEPCO). MunmuBaram is collaborating with two other developers on the grid connection facilities. Th

about 1 year ago
Hywind Scotland Heavy Maintenance Campaign
Floating Wind

World’s First Floating Wind Farm Back in Action After Maintenance

A heavy maintenance campaign has been completed on Hywind Scotland, the world’s first commercial-scale floating wind farm, with all five turbines now connected. From operational data, it was previously determined that a heavy maintenance campaign for the wind farm’s five turbines was required. To co

about 1 year ago
Polenergia Equinor Bałtyk 1 Ramboll Projmors
Business & Finance

Ramboll, Projmors Join Bałtyk 1 Offshore Wind Team

Polenergia and Equinor have signed an agreement with a consortium of Ramboll and Projmors for consulting services related to the design works and securing all necessary permits for the construction of the Bałtyk 1 offshore wind project in Poland. The contract covers the entire Bałtyk 1 project until

about 1 year ago
Kent Five Estuaries
Business & Finance

Kent Wins Substation Design Contract for RWE’s UK Offshore Wind Farm Extension Project

Kent, a global integrated energy services provider, has signed a new contract with Five Estuaries, being led by RWE, for a concept design study of an HVAC offshore substation platform for the offshore wind farm in the UK. Kent’s scope of work comprises conducting the offshore substation topside conc

about 1 year ago
ABL Centre Manche
Business & Finance

ABL Secures Work on French Offshore Grid Connections

Energy and marine consultancy company, ABL, has been appointed as marine warranty surveyor (MWS) to support the marine transportation and installation (T&I) operations for the Centre Manche 1 and Centre Manche 2 offshore substations in France. Centre Manche 1 and Centre Manche 2 are part of two offs

about 1 year ago
North Star, Vard, MO4, Principle Power, Voith Group SOV floating wind
Business development

New Partnership to Develop Next-Gen SOV for Floating Offshore Wind Projects

North Star, a service operations vessel (SOV) operator in the UK’s renewable industry, has signed a memorandum of understanding (MoU) with MO4, Principle Power, SMST, Vard, and Voith Group to form a working group aimed at developing a new SOV concept for floating offshore wind. The six organisations

about 1 year ago
A photo of the TetraSpar floating wind turbine installed offshore in Norway
Business development

15+ MW Floating Wind Turbines to Be Tested at Norway’s METCentre

Three companies have signed contracts with Norway’s Marine Energy Test Centre (METCentre) to test new technology aimed at reducing the costs of floating offshore wind by demonstrating floaters equipped with 15+ MW turbines. According to Norwegian Offshore Wind, this is the turbine size that will be

about 1 year ago
Vard Norwind Offshore CSOV
Business & Finance

Vard Receives Another CSOV Order from Norwind Offshore

Vard, a Norwegian subsidiary of the Fincantieri Group, has signed a contract for the design and construction of a commissioning service operation vessel (CSOV) for Navigare Capital Partners. The new unit, based on the VARD 4 19 design, will be delivered in the second quarter of 2027 from Vard’s ship

about 1 year ago
Kincardine floating wind farm in Scotland; Photo source: Eni / Plenitude
Floating Wind

Global Floating Offshore Wind Pipeline Grows to 266 GW – Report

The global pipeline of floating offshore wind projects has expanded from 244 GW to 266 GW in the last twelve months, reflecting a nine per cent increase, according to a report published by RenewableUK. The number of global projects has increased from 285 to 316, with the pipeline including projects

about 1 year ago
Edda Wind Seals Charter Contracts for Two Newbuilds
Business & Finance

Edda Wind Seals Charter Contracts for Two Newbuilds

Norway’s Edda Wind has signed charter contracts for two of its newbuilds, with commencement immediately following yard delivery in November 2024 and the second quarter of 2025 for C503 and NB967, respectively. The first contract is related to the vessel C503, to be named Vestri Enabler, which is exp

about 1 year ago
Acteon TAISEI
Business & Finance

Acteon, TAISEI Form Floating Offshore Wind Pact in Japan

Acteon, a global provider of marine energy and infrastructure services, has signed a non-exclusive memorandum of understanding (MoU) with TAISEI Corporation to collaborate on floating offshore wind projects in Japan by utilising each other’s skills and services. For TAISEI’s floating offshore wind p

about 1 year ago
TenneT Launches Initiative for Shared Offshore O&M Services in Dutch North Sea
Collaboration

TenneT Launches Initiative for Shared Offshore O&M Services in Dutch North Sea

The Dutch-German transmission system operator (TSO) TenneT has started an initiative to partner with offshore wind farm operators and oil and gas sector operators in the Dutch North Sea for sharing operation and maintenance (O&M) services. With an estimated value (excluding VAT) of EUR 1 million, th

about 1 year ago
A photo of the TetraSpar floating wind turbine installed offshore in Norway
Business & Finance

Norway Plans EUR 3 Billion Subsidy for Floating Offshore Wind

The Norwegian government has proposed NOK 35 billion (approximately EUR 3 billion) for a support scheme dedicated towards the first commercial floating offshore wind tender within the Vestavind F and Vestavind B areas. According to the press release, the government is making progress in following up

about 1 year ago
An offshore wind farm in sunset
Business & Finance

Equinor Acquires Minority Stake in Ørsted, Becomes Second-Largest Shareholder

Norway-headquartered Equinor has acquired a 9.8 per cent minority stake in Denmark’s Ørsted, making it the second-largest shareholder behind the Danish state, which holds a controlling stake in the company. According to Equinor, the company is supportive of Ørsted’s strategy and management and is no

about 1 year ago
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