Swedish floating wind technology developer has reported a SEK 115 million (nearly EUR 11 million) impairment related to its TwinHub floating wind project in the UK. Hexicon’s project secured a Contract for Difference (CfD) in the UK government’s fourth allocation round (AR4) in 2022 at a strike pric
Skyborn Renewables has awarded Seaway7 a contract for the transportation and installation (T&I) of the 63 monopiles and transition pieces (TPs) at the Gennaker offshore wind farm in Germany. Offshore activities are expected to commence in 2027, according to Seaway7’s parent company Subsea7, which qu
The US government’s offshore wind construction pause left a dent in GE Vernova’s numbers for the fourth quarter of 2025, which might get deeper if wind turbine works at the Vineyard Wind 1 site offshore Massachusetts are not completed according to the project’s current schedule. The US wind turbine
The Scottish government, through Highlands and Islands Enterprise (HIE), has approved a GBP 1.8 million (around EUR 2 million) investment in the early development of a new expansion project proposed by Stornoway Port, located on the Isle of Lewis in the Outer Hebrides. The funding will support the i
DeepOcean has upgraded a multifunctional subsea support and construction vessel it chartered from Olympic Subsea with dedicated cable-lay and installation capacity for offshore wind. The two Norwegian companies entered into a two-year time charter agreement for Olympic Ares in March 2023, with an op
Denmark and Germany reached an agreement on Bornholm Energy Island in the Baltic Sea, including the allocation of costs related to offshore wind, at the North Sea Summit in Hamburg on 26 January. The two countries signed an agreement for the Bornholm Energy Island in 2023, which was the first legall
Cadeler has signed a preferred supplier agreement for the transportation and installation of monopiles and transition pieces at a large offshore wind farm located in European waters, the company said on 28 January, without disclosing the client or project details. Under the agreement, which is subje
UK-based XLCC has rebranded and relaunched as Aquora, with a focus on cable installation and manufacturing to address the “critical demand” for high-voltage cable supply in the UK and Europe. Aquora will focus first on installation, utilising a new, UK-flagged cable-lay vessel (CLV), which will also
Government officials from Belgium, Denmark, France, Germany, Ireland, Luxembourg, the Netherlands, Norway and the UK are set to sign a declaration confirming the ambition to build 300 GW of offshore wind in the North Seas by 2050, and an investment pact with the offshore wind industry and transmissi
Seatrium’s wholly owned subsidiary, Seatrium New Energy, and its consortium partner Aibel have filed for arbitration proceedings in connection with DolWin epsilon, the offshore converter platform of TenneT’s DolWin5 grid connection. The arbitration was initiated under the consortium agreement and fi
Ocean services provider DeepOcean has completed trenching and survey operations at a US offshore wind project under a contract awarded by what it says is a global provider of engineering, procurement, construction and installation (EPCI). DeepOcean’s scope of work included trenching and surveying of
RWE and Nordic renewable energy player Aneo have signed an agreement under which Aneo will acquire RWE’s Swedish wind energy activities, including the Karehamn offshore wind farm. Aneo, headquartered in Norway, is also acquiring RWE’s onshore wind development pipeline of 1.8 GW, its onshore wind far
The global fleet of offshore wind installation vessels could support achieving up to 400 GW of offshore wind capacity by 2030, provided that additional vessels are ordered and deployed, alongside supportive market conditions, according to a scenario study by the Kuehne Climate Center. The study also
SAFEEN Drydocks, part of Noatum Maritime and a subsidiary of Abu Dhabi Ports (AD Ports) Group, has acquired full ownership of Astilleros Balenciaga Shipyard in Spain for a total consideration of EUR 11.2 million. The shipyard, which will be known as Balenciaga Shipyard going forward, has delivered a
