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Business & Finance

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Maersk Supply Service Narrows Down Focus to Offshore Wind and OSVs
Business & Finance

Maersk Supply Service Narrows Down Focus to Offshore Wind and OSVs

Maersk Supply Service will shift its focus to fewer business areas and regions in an effort to increase its presence in core markets, increase synergies in its operations, and improve profitability. Going forward, the company’s two core business areas will be offshore wind and offshore support vesse

about 3 years ago
Vestas 15 MW prototype
Business & Finance

Scale Up Smarter, Not Harder – Why Offshore Wind Ambitions Can Be Met More Efficiently if Turbine Growth Is Paused

The following article is a guest post by Fred van Beers, CEO Sif Netherlands B.V., & Anne Vedel, SVP Product Solutions & Integration, Vestas. The looming climate crisis and an acute need for independence from Russian oil and gas have massively accelerated European appetite for offshore wind. Governm

about 3 years ago
EnBW Picks He Dreiht Foundations Designer
Business & Finance

Deutsche Bahn Seals Long-Term Offshore Wind Power Deal with EnBW

Deutsche Bahn’s subsidiary, DB Energie, has signed a long-term power purchase agreement (PPA) with EnBW for electricity generated at the He Dreiht offshore wind farm in the German North Sea. Based on this PPA, Deutsche Bahn has secured the delivery of around 20 MW of green electricity over a period

about 3 years ago
An image rendering Clovers' MOLO floating wind turbine foundation, close-up
Business & Finance

Norwegian Floating Wind Consortium Teams Up with Smulders & Eiffage for Serial Production of Foundations

Siravind, a consortium established by RES and Zephyr with an aim to build a floating wind farm in Norway, has already partnered with several companies for the project, including Smulders and Eiffage Métal for the serial production of floating wind foundations. In June, RES announced the consortium’s

about 3 years ago
Amprion Shares European Offshore Wind Network Vision
Business & Finance

Prysmian Wins Preferred Bidder Status for Transmission Cable Projects Offshore Germany

Italy-headquartered Prysmian Group has been selected by the transmission system operator (TSO) Amprion as the preferred bidder for the BalWin1 and BalWin2 offshore grid connection systems and the underground cable project DC34 in Germany. The final contracts are planned to be signed by 15 January 20

about 3 years ago
Two Offshore Wind-to-Hydrogen Projects Withdraw from UK’s First Electrolytic Allocation Round
Business & Finance

Two Offshore Wind-to-Hydrogen Projects Withdraw from UK’s First Electrolytic Allocation Round

An Ørsted-Phillips 66 partnership and ERM have withdrawn their Gigastack and Dolphyn projects, respectively, from the UK’s first electrolytic allocation round (HAR1). While ERM has made the move as it aims at securing alternative funding for a phased multi-unit larger development, Ørsted and Phillip

about 3 years ago
Norway to Get Floating Wind Foundation Production and Assembly Facility
Business & Finance

Norway to Get Floating Wind Foundation Production and Assembly Facility

Norwegian company WindWorks Jelsa, established in 2020, and Swiss construction company Implenia have signed an investment and a shareholders’ agreement to develop a production and assembly facility for large concrete or steel structures for the floating wind industry on Norway’s west coast. The aim

about 3 years ago
Ørsted Completes London Array Exit
Business & Finance

Ørsted Completes London Array Exit

Ørsted has completed the divestment of 25 per cent of the London Array offshore wind farm in the UK to funds managed by Schroders Greencoat. The company, which held a minority interest in the 630 MW offshore wind farm since 2014 and did not have operations and maintenance (O&M) responsibility on the

about 3 years ago
Germany Awards Four More Offshore Wind Sites for EUR 784 Million
Business & Finance

Germany Awards Four More Offshore Wind Sites for EUR 784 Million

After awarding four offshore wind areas to BP and TotalEnergies for EUR 12.6 billion through its first dynamic bidding process last month, the German Federal Network Agency (BSH) has now awarded further sites for a total of EUR 784 million in the process organised for four centrally pre-investigated

about 3 years ago
Windar to Produce Windanker Transition Pieces
Business & Finance

Windar to Produce Windanker Transition Pieces

Iberdrola has chosen the Spanish company Windar Renovables for the manufacture of transition pieces for the 315 MW Windanker offshore wind farm in the German sector of the Baltic Sea. Starting at the end of 2024, Windar will produce 21 transition pieces (TPs) for Windanker at the Avilés facilities a

about 3 years ago
Eneti Sells Three Seajacks Vessels for USD 70 Million
Business & Finance

Eneti Sells Three Seajacks Vessels for USD 70 Million

Eneti, former Scorpio Bulkers and the owner of Seajacks UK, has entered into an agreement to sell the Seajacks Hydra, Seajacks Leviathan and Seajacks Kraken vessels for a total of USD 70 million (around EUR 63.7 million). According to information the company shared in its results for the second quar

about 3 years ago
2.5 GW Baltica Offshore Wind Project Secures EIB Financing
Business & Finance

2.5 GW Baltica Offshore Wind Project Secures EIB Financing

The European Investment Bank (EIB) has approved the in-principle financing of the 2.5 GW Baltica offshore wind project in Poland, being developed by PGE Group and Ørsted. The project has two stages, the 1.5 GW Baltica 2 and the 1 GW Baltica 3, planned to be commissioned by the end of 2027 and by the

about 3 years ago
Shell-EDF Joint Venture Submits Bid in New Jersey’s Third Offshore Wind Solicitation
Business & Finance

Shell-EDF Joint Venture Submits Bid in New Jersey’s Third Offshore Wind Solicitation

Atlantic Shores Offshore Wind, a 50:50 joint venture between Shell New Energies US and EDF-RE Offshore Development, has submitted a proposal to the New Jersey Board of Public Utilities (NJBPU) in the state’s third offshore wind solicitation. New Jersey opened the solicitation in March and is looking

about 3 years ago
French Telecom Giant Takes Delivery of Offshore Wind Cable Laying Vessel
Business & Finance

French Telecom Giant Takes Delivery of Offshore Wind Cable Laying Vessel

French telecommunications corporation Orange has taken delivery of its new cable laying and repair vessel (CLRV), said to be designed for the maintenance of cables for offshore wind projects. The vessel, named Sophie Germain after the pioneering French mathematician and philosopher, is currently on

about 3 years ago
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