Vestas plans to build a nacelle and hub assembly facility in Scotland to support offshore wind projects in the UK and across Europe. The proposed factory would require a capital investment of more than EUR 250 million and is planned to manufacture nacelles and hubs for the company’s V236-15.0 MW off
Navantia UK has secured funding to expand its offshore wind manufacturing capabilities at the Arnish Yard in Stornoway, as Highlands and Islands Enterprise (HIE) has approved GBP 6 million (almost EUR 7 million) for two offshore wind-related developments in the region. The company will receive a GBP
The US Department of the Interior (DOI) and TotalEnergies have signed settlement agreements to terminate the company’s two offshore wind leases in the United States, confirming recent reports that a deal was being drafted under which TotalEnergies would be reimbursed USD 928 million (around EUR 806
The Formosa 2 consortium, consisting of Synera Renewable Energy (SRE) and JERA Nex BP, has reached financial close on what the project shareholders say is the first offshore wind refinancing in both Taiwan and the broader Asia-Pacific region. Supported by SMBC Group as the financial advisor, the con
Stillstrom, part of A.P. Moller – Maersk and based in Denmark, has established a dedicated entity in Aberdeen, Scotland, with plans to roll out its offshore vessel charging solution commercially in the UK. The solution is transitioning from development to commercial deployment, and, according to a p
Q Energy has acquired a stake in the capital of Pennavel, a project company established by a consortium composed of Elicio and BayWa r.e., which is developing a floating wind project in France. Q Energy, a subsidiary of the South Korean industrial group Hanwha, joins the existing shareholders in dev
The US government is working on settlement agreements that involve the government cancelling TotalEnergies’ Attentive Energy and Carolina Long Bay offshore wind leases and reimbursing the French energy company USD 928 million (around EUR 806 million) for the financial bids through which it secured t
Holland Shipyards Group is constructing a specialist shallow draft cable lay barge, purpose-built to support nearshore and inshore cable installation and marine support operations, for Enshore Subsea, with delivery expected this summer. Enshore Advantage is being built at Holland Shipyards Group’s y
Germany’s RWE has completed the sale of the F.E.W. Baltic II offshore wind project in the Polish Baltic Sea to PGE Polska Grupa Energetyczna (PGE), making the Polish utility the sole owner of the 350 MW project. The offshore wind farm is planned to be built around 50 kilometres north of the Polish t
Spanish energy company Iberdrola has registered a public takeover bid to acquire the remaining shares of its Brazilian subsidiary Neoenergia, aiming to reach full ownership of the company. Iberdrola, which now officially submitted documentation to the Brazilian Securities and Exchange Commission (CV
Norway-headquartered PASSER Group and Australia’s Qube International are planning to establish a dedicated storage and cable‑handling hub in Singapore with the aim of strengthening regional capability and creating a more efficient, integrated logistics footprint for the energy sector across the Asia
Chinese manufacturer of offshore wind foundations, Dajin Heavy Industry, is promoting its initial public offering (IPO) on the Hong Kong Stock Exchange after submitting a listing application in September 2025. “Being listed on one of the world’s leading stock exchanges will allow Dajin to access int
Singapore-based shipbuilder and vessel owner Marco Polo Marine has secured approximately SGD 21 million (around EUR 14 million) through a private share placement, with the company planning to channel the funds toward expanding its capabilities in the offshore wind market. The placement involved the
The power purchase agreement (PPA) that Munich Airport awarded to RWE through a recently closed tender is for the German developer’s new offshore wind farm Nordseecluster A, according to a press release RWE issued on 10 March. As reported in January, RWE came out as the winner in a tender that Munic
