Business & Finance

Editors’ Picks | Offshore Wind News in 2024: ‘The First, The Largest, The Record’

Some news are important for the offshore wind industry at large, some are significant for parts of the supply chain or in certain regions, and some are just good to know. With 366 days and thousands of news in 2024 behind us, the task of choosing only a few stories was not an easy one […]

Hitachi Energy to Supply Power Equipment to Ørsted’s Hornsea 4 Offshore Wind Farm

Hitachi Energy has received an order from Ørsted to provide the power electronics technology to integrate 2.4 GW of electricity from the Hornsea 4 offshore wind farm into the UK grid. The order, which is subject to the final investment decision, will see Hitachi Energy supply a grid-forming solution

Equinor and Sheringham Shoal, Dudgeon Extension Partners Agree Joint Ownership of Merged Projects

Equinor and its partners on the extension projects that are planned to be built next to the operational Sheringham Shoal and Dudgeon offshore wind farms in Norfolk, UK, have agreed to bring the two projects under a joint ownership structure in one legal entity. The Dudgeon Extension Project is owned

Ørsted Signs Multi-Million-Pound Deals for Hornsea 3 Offshore Wind Farm

Ørsted has awarded several contracts totalling between GBP 75 million and GBP 100 million to companies in the north of England to provide components for the 2.9 GW Hornsea 3 offshore wind farm. JDR Cable Systems, Severfield, and Smulders, all based in the north of England, will produce integral comp

Vestas to Repurpose Isle of Wight Factory for Onshore Wind as Recently Launched Offshore Blade Production Line No Longer Needed

Vestas is ceasing the production of blades for the V174 offshore wind turbine at its Isle of Wight factory as the model is going out of demand. The company has signed an agreement in principle with the UK Government to repurpose the factory for onshore blades since it is unsuitable for next-generati

Seaway7 Takes on More Work at Dogger Bank Wind Farm

The Crown Estate Awards GBP 5 Million in First Supply Chain Accelerator Round

The Crown Estate has awarded nearly GBP 5 million in funding to 13 organisations across England, Wales, and Scotland in the first round of its Supply Chain Accelerator. According to The Crown Estate, the funding will help kick-start projects drawing down from a GBP 50 million fund established in May

Proserv Wins More Work on World’s Largest Offshore Wind Farm

Proserv has been awarded a contract by DEME Offshore to de-risk offshore wind operations at Dogger Bank C, the third phase of the 3.6 GW Dogger Bank Wind Farm project in the UK. According to Proserv, the company will utilise its Electro Cable Guard (ECG) system to identify signs of transmission cabl

BP, JERA Forming ‘One of Largest Global Offshore Wind Developers’

BP and Japanese global renewable energy developer JERA have signed an agreement to combine their offshore wind businesses to establish a new standalone company. The two partners say the new company will become one of the largest global offshore wind developers, owners and operators with 13 GW in ope

ScottishPower Renewables Picks Port for East Anglia Two Pre-Assembly

ScottishPower Renewables, Iberdrola’s UK arm, has selected Peel Ports Great Yarmouth as the staging ground for pre-assembly works for its 960 MW East Anglia Two offshore wind project. The companies have signed a reservation agreement that will see the Siemens Gamesa turbine components and sections c

Shell Halts Investments in New Offshore Wind Projects, Partners with Equinor to Create ‘UK’s Largest Independent Oil & Gas Company’

Shell has decided to cease investments in new offshore wind developments as part of a review of the Shell Energy business. The oil and gas major, which has built a significant portfolio of renewable energy and clean fuel projects, will not abandon its existing offshore wind projects, but investing i

Nexans Lands Export Cable Contract for East Anglia Two Offshore Wind Farm

ScottishPower Renewables, part of the Iberdrola Group, has awarded an export cable contract for East Anglia Two (EA2), a 960 MW offshore wind farm in the UK, to Nexans. Under the contract, Nexans will supply and install approximately 100 kilometres of 275 kV high-voltage subsea export cables and 55