Norwegian companies, Arendals Fossekompani, Kongsberg, and Moreld, have joined forces on the Hydepoint project to develop a combined offshore substation and hydrogen factory. Hydepoint is expected to contribute to solving several challenges related to the development and upscaling of offshore wind p
Denmark-based Cadeler has revealed that the company is in advanced talks with COSCO Shipyard regarding a possible order to build a new “hybrid” offshore wind farm foundation installation vessel. The potential foundation installation vessel could be delivered in the fourth quarter of 2025, with an ex
US energy company Eversource has initiated a strategic review of its offshore wind investment portfolio which could result in a potential sale of all or part of its 50 per cent interest in its offshore wind joint venture with Ørsted. The Massachusetts-headquartered Eversource expects to complete thi
The US Bureau of Ocean Energy Management (BOEM) has approved Bureau Veritas’ nomination as Certified Verification Agent (CVA) for the US Wind, Inc. (US Wind) MarWin wind project offshore Maryland. According to Bureau Veritas, this approval of the nomination showed that the company met the CVA criter
The 30 MW EolMed floating wind project offshore France’s Mediterranean coast has secured EUR 85 million in financing from the European Investment Bank (EIB). The financing contracts for the project were signed on 29 April. The floating wind farm, fully consented in February 2021, will comprise three
RWE Renewables has partnered with Greater New Orleans, Inc. (GNO, Inc.) and the GNOwind Alliance to help establish an offshore wind supply chain in Louisiana that could serve projects across the US. Germany-based offshore wind developer will collaborate with GNO, Inc. and GNOwind Alliance on buildin
GE’s Grid Solutions business and HSM Offshore Energy have signed a Memorandum of Understanding (MoU) to partner on further AC offshore wind substation projects in Europe and beyond. The companies said the MoU was a response ”to the increasing demand for turnkey delivery of offshore high-voltage subs
Washington-based All American Marine (AAM) has won a contract to build a research and hydrographic survey vessel for Geodynamics, an NV5 company, that will be used in the offshore wind market. The R/V Shackleford, named after the southernmost barrier island in the Cape Lookout National Seashore chai
UK-headquartered OPITO and National Offshore Wind Institute (NOWI), based at Bristol Community College in Massachusetts, have signed a Memorandum of Understanding (MoU) which could support thousands of new jobs in the growing US offshore wind market. Under the MoU signed at the IPF conference in New
UK-based investment company Octopus Renewables Infrastructure Trust (ORIT) has struck a deal to acquire a 7.75 per cent ownership interest in the Lincs wind farm offshore England. According to ORIT, the acquisition is expected to be completed in the second quarter of this year once the needed consen
Ørsted now expects costs to reinstate the integrity of inter-array cables affected by cable protection issues at some of the company’s offshore wind farms to amount to up to DKK 1.3 billion (around EUR 175 million) and not up to DKK 3 billion as initially anticipated. As reported, Ørsted discovered
The Provisions Judge of the District Court of Midden Nederland, The Netherlands, has ruled that Mammoet’s Intelectual Property (IP) infringement claim against Huisman related to Huisman’s contract to provide a 3,000mt ringer crane contract to BMS is unsubstantiated and therefore unlawful. The judge
World’s leading offshore wind developer Ørsted has recorded DKK 5.7 billion (EUR 766 million) net profit in the first quarter of 2022, a 257 per cent increase compared to a DKK 1.6 billion net profit reported for the same period a year earlier. The operating profit (EBITDA) for the quarter totalled
Navantia is setting up Navantia UK, a subsidiary in the United Kingdom for which the Spanish company says reinforces its commitment to its UK industrial partners in shipbuilding and the offshore wind energy sector. “Navantia UK is a step forward in Navantia’s support of the UK National Shipbuilding
