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 genera
France-headquartered Technip Energies and Dutch-based SBM Offshore have signed a Memorandum of Understanding (MoU) for the creation of a floating offshore wind joint venture, EkWiL. EkWiL will be a floating wind offshore wind pure play, capable of proposing a wide range of solutions to clients, the
Equinor has been granted authorisation from the US Federal Energy Regulatory Commission (FERC) to link the Empire Wind 1 offshore wind project directly into New York’s transmission system. Approved on 1 March, the Large Generator Interconnection Agreement (LGIA) executed between Equinor’s Empire Win
The Japanese Government has passed an amendment to the “Act on Promoting the Utilization of Sea Areas”, expanding the area for setting up offshore wind to the Exclusive Economic Zone (EEZ). The Japanese government aims to deploy 10 GW of offshore wind capacity by 2030 and 30-45 GW by 2040, including
Ørsted will be offered the first production of lower-emission steel from German-based Dillinger, subject to availability and commercial terms and conditions. The steel plates are intended to be used for offshore wind monopile foundations in future projects. Under a large-scale supply agreement enter
Energa Wytwarzanie, an Orlen Group subsidiary, and Northland Power have established a company, Baltic Offshore Service Solution, to provide a range of offshore wind services in Poland. The new company will offer a range of services tailored to the offshore wind energy sector, encompassing technical,
Thailand-based multinational conglomerate B. Grimm Power (BGRIM) has decided to expand its renewable energy business through investments in Nakwol Wind and Hanbit Wind, two offshore wind projects in South Korea that have a combined installed capacity of 740 MW. According to the CEO of BGRIM, Harald
The European Commission has cleared, under the EU Merger Regulation, the creation of a joint venture between Mitsui & Co., Osaka Gas, and a subsidiary of RWE AG, all three established in Japan, to develop a 684 MW offshore wind project in Japan. The Commission concluded that the notified transaction
All 21 wind turbines at Vattenfall’s Vesterhav Nord (North) offshore wind farm have delivered the first power and the 176 MW project is now connected to the Danish electricity grid. However, the blades on a single unit have been temporarily taken down for repairs after sustaining damage during the p
Fugro has extended its Memorandum of Understanding (MoU) with PTSC Geos & Subesa Services (PTSC G&S) to provide site characterisation services to support Vietnam’s offshore wind sector. Under the two-year agreement, Fugro’s full range of marine site characterisation services will be deployed with PT
CrossWind, a joint venture between Shell and Eneco, has received a Project Certificate from the UK-headquartered Lloyd’s Register (LR) for the 759 MW Hollandse Kust Noord offshore wind farm in the Netherlands. LR was invited to provide an independent assessment of the project in accordance with the
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 n
The first geotechnical seabed surveys for TotalEnergies and SSE Renewables’ 500 MW Seagreen 1A offshore wind farm in Scotland have been completed. Phase two of the geotechnical works is expected to commence later this year and should take around two weeks to complete. Seagreen 1A lies adjacent to th
Corio Generation has signed a memorandum of understanding (MOU) with Power Generation Joint Stock Corporation 3 (EVNGENCO3), a subsidiary of Vietnam Electricity (EVN), to collaborate in preparing long-term strategies for offshore wind project development. The MOU between Corio, a portfolio company o
