Cumulative global capex spend in the offshore wind sector is expected to hit USD 1 trillion by 2031, but investors will no longer only be competing on price alone, according to a new report by Wood Mackenzie. Offshore wind is poised to become one of the key technologies powering the decarbonisation
RWE has submitted applications for location permits for all the eleven areas the Polish Government has offered for offshore wind development since the application period opened for the first sites in 2021. The Germany-based company said that by applying for all the eleven areas it wanted to strength
Chinese province of Hainan has issued an offshore wind supply chain development plan which includes creating a RMB 50 billion (around EUR 7 billion) worth supply chain industry by 2025 through building an industrial park and two manufacturing sites that will support offshore wind deployment. The pla
The following article is a guest post by Jonathan Morton, Associate at the international commercial law firm Haynes and Boone. The embrace of floating offshore wind has come surprisingly fast. There is already talk of floating wind sites with more than 100 turbines being built by 2032, and the inter
Scotland’s floating wind cluster DeepWind and Wind’Occ, the regional offshore wind collaborative in the French Occitanie region, have signed a Memorandum of Understanding (MoU) to collaborate on floating offshore wind and hydrogen supply chain development in Scotland, Occitanie, and internationally.
Dutch floating wind technology developer TouchWind and Japanese shipping company Mitsui O.S.K. Lines (MOL) have joined forces on the development of TouchWind’s floating wind technology. The companies have signed a Memorandum of Understanding (MoU) under which they will collaborate on developing Touc
Baltic Power, the joint venture between PKN Orlen and Canadian Northland Power, has signed a deal to lease a port of Łeba site where it plans to build an operations and maintenance (O&M) base that will serve the 1.2 GW Baltic Power offshore wind farm. This move follows after Baltic Power launched a
Ørsted and TotalEnergies have joined forces to jointly submit bids for the two Dutch offshore wind tenders, Hollandse Kust West VI and VII, with the aim to achieve net positive impact on biodiversity and the Dutch energy system. The Hollandse Kust West (Holland Coast West) wind farms are located app
Equinor and Aibel have entered into a ten-year strategic collaboration agreement with an aim to ensure a close and long-term collaboration and predictability, for which the new partners say “will be important to both parties in times of many great and important opportunities”. Aibel has been one of
The Netherlands-based Marine Coordination Services (MCS) and DHSS have joined forces to provide support for the operators working in the offshore wind industry. According to MCS, the company serves as a link between the planning and the execution of offshore activities. The company’s maritime contro
Corio Generation, a Green Investment Group (GIG) portfolio company, has entered into a joint venture with Ontario Teachers’ Pension Plan Board to fund the development of up to 9 GW in offshore wind projects currently under development by Corio. The partnership represents an investment of up to USD 1
The Netherlands-based offshore foundations manufacturer Sif Group is on track to take a Final Investment Decision on the investment plan to expand its production capabilities in July. According to Fred van Beers, CEO of Sif Group, market demand has made the need to increase the production of foundat
Vena Energy and Korea Midland Power Co. Ltd. (KOMIPO) have partnered on the development of a 384 MW offshore wind project near Yokji Island in South Korea. The Singapore-headquartered company announced the the signing of a Joint Development Agreement with KOMIPO only a day after revealing the establ
BW Ideol and Tohoku Electric Power have signed an agreement to jointly develop a commercial-scale floating wind farm off the coast of Kuji city in Iwate prefecture, Japan. The companies have now initiated the feasibility studies necessary to develop the project, which will utilise BW Ideol’s Damping
