Vestas has been confirmed as the preferred wind turbine supplier for BadaEnergy’s Ulsan Gray Whale 3 floating offshore wind farm in South Korea. The announcement was made in March this year, but at that time, the company left the project and its client unnamed. As per the agreement, Vestas will prov
UK Export Finance (UKEF), the UK Government’s export credit agency, has guaranteed GBP 380 million (approximately EUR 436 million) in financing for the 1 GW Hai Long offshore wind project in Taiwan. The contribution is said to support a project finance package of over GBP 3 billion issued by more th
Baltimore County Offshore Wind Manufacturing Hub will receive approximately USD 47 million from the Port Infrastructure Program of the US Department of Transportation Maritime Administration to further develop its hub at Tradepoint Atlantic. The announcement was made on 7 November by the US Congress
The first US-built and Jones Act-compliant offshore wind turbine installation vessel (WTIV), Charybdis, will be completed in late 2024 or early 2025, Dominion Energy said in its financial report for the third quarter of 2023, confirming the information that surfaced after the company’s second quarte
Van Oord has been awarded contracts for Baltic Power offshore wind farm in Poland and Greater Changhua 2b and 4 offshore wind farm in Taiwan valued at more than EUR 500 million. For the Baltic Power offshore wind project in the Polish Baltic Sea, Van Oord will transport and install 78 foundations, i
Dominion Energy has submitted a filing with Virginia’s State Corporation Commission (SCC) with an updated levelised cost of energy (LCOE) calculation for the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project. The updated LCOE is USD 77/MWh (approximately EUR 72.20/MWh), decreasing from the previo
EEW Korea Heavy Pipe Construction (EEW KHPC) has signed a preferred supply agreement (PSA) with Anma Offshore Wind for the fabrication and supply of pin piles for the 532 MW offshore wind farm in South Korea. In this project, EEW KHPC plans to manufacture and supply 60 pin piles, a substructure that
Buss Energy Group (Buss) has been awarded a contract by Heerema Marine Contractors to provide marshalling services for the 960 MW He Dreiht wind farm offshore Germany. The contract is scheduled to start by the end of 2023 and will be operated by Buss Terminal Eemshaven (BTE) located in the Netherlan
Norway-based Havfram has decided to wind up its business unit dedicated to the early-phase development of offshore wind farms, Kontiki Winds. Moving forward, the company said it would fully focus on the offshore wind transport and installations market. The news came a day after Havfram revealed that
Several days ago, Ørsted called it quits on the Ocean Wind 1 offshore wind farm in the US, with some of the main issues leading to the decision to abandon the project being supply chain bottlenecks, primarily vessel shortages. This has affected not only the now-dropped Ocean Wind 1 but also the comp
Vattenfall and TKF have signed a multi-year partnership for the supply of inter-array cables for offshore wind farms in Europe. The agreement covers the supply of 66 kV inter-array cables and will apply to all fixed-bottom European offshore wind farms developed by Vattenfall in the coming years. The
Canada Pension Plan Investment Board (CPP Investments), through its wholly-owned subsidiary CPPIB Renewables Europe S.à r.l, has agreed to sell its 24.5 per cent stake in two German offshore wind farms to a wholly-owned subsidiary of Enbridge. Under the transaction, CPP Investments will sell its sta
Power and Air Condition Solution Management (PASM), a wholly owned subsidiary of Deutsche Telekom, has signed a long-term power purchase agreement (PPA) with EnBW for power from the 960 MW He Dreiht offshore wind farm in Germany. Under the PPA, PASM will source 100 MW from the new wind farm in the G
Iberdrola has signed a strategic agreement with Abu Dhabi-based Masdar to co-invest in the 476 MW Baltic Eagle offshore wind farm in the German Baltic Sea. According to the terms of the transaction, the valuation of 100 per cent of the project amounts to around EUR 1.6 billion. Following confirmatio
