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Business & Finance

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Van Oord Orders Study on Sofia Inter-Array Cable Stability
Business & Finance

Van Oord Orders Study on Sofia Inter-Array Cable Stability

Van Oord has contracted Peritus International to perform a study on inter-array cable stability for RWE’s Sofia offshore wind farm in the UK. The scope consists of calculating the on-bottom stability for the inter-array cables in challenging environmental conditions and shallow water. According to P

about 4 years ago
WPD Exits Offshore Wind, Sells Business to Global Infrastructure Partners
Business & Finance

WPD Exits Offshore Wind, Sells Business to Global Infrastructure Partners

Global Infrastructure Partners (GIP)and wpd AG have signed definitive agreements for GIP to acquire 100 per cent of wpd offshore GmbH, the offshore wind business of wpd. The transaction is subject to customary regulatory approvals. WPD offshore is an offshore wind platform with over 20 years of deve

about 4 years ago
Ørsted
Business & Finance

Ørsted and NABTU Sign ‘Historic’ Project Labor Agreement for US Offshore Wind

North America’s Building Trades Unions (NABTU) and the offshore wind developer Ørsted have announced a Project Labor Agreement (PLA) to construct the company’s US offshore wind farms with an American union workforce. “A first-of-its-kind in the United States, the National Offshore Wind Agreement (NO

about 4 years ago
Shannon Foynes Port
Business & Finance

Bechtel to Help Irish Port Unlock Offshore Wind Opportunities

Engineering, construction, and project management company Bechtel has been selected by Shannon Foynes Port Company to update its Vision 2041 masterplan to accommodate offshore and onshore investment within and adjacent to its harbor in Ireland. Bechtel will support Shannon Foynes Port Company in con

about 4 years ago
iXblue DriX USV Done with Work on First French Offshore Wind Farm
Business & Finance

iXblue DriX USV Completes Work on First French Offshore Wind Farm

iXblue has completed the bathymetric survey at the site of the Saint-Nazaire offshore wind farm using its DriX uncrewed surface vehicle (USV). The purpose of the bathymetric survey inspection was to verify the seabed conditions before the deployment of Jan De Nul Group’s jack-up vessel Vole au vent.

about 4 years ago
Thor Wind Turbine
Business & Finance

French Floating Offshore Wind Project Reaches Financial Close

Qair, TotalEnergies, and BW Ideol, the partners behind the EolMed project, have made a Final Investment Decision (FID) for the 30 MW floating wind farm in the French Mediterranean. The FID comes shortly after the partners secured EUR 85 million in financing from the European Investment Bank (EIB). F

about 4 years ago
Norwegians Developing Offshore Substation-Hydrogen Factory Combo
Business & Finance

Norwegians Developing Offshore Substation-Hydrogen Factory Combo

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

about 4 years ago
Cadeler
Business & Finance

Cadeler In Advanced Talks to Order Hybrid Foundation Installation Vessel

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

about 4 years ago
Eversource Ponders Exiting Offshore Wind Venture with Ørsted
Business & Finance

Eversource Ponders Exiting Offshore Wind Venture with Ørsted

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

about 4 years ago
US Wind Appoints Bureau Veritas as CVA for MarWin Offshore Wind Project
Business & Finance

US Wind Appoints Bureau Veritas as CVA for MarWin Offshore Wind Project

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

about 4 years ago
Thor Wind Turbine
Business & Finance

French Floater Secures EIB Financing

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

about 4 years ago
A photo of a RWE offshore wind farm
Business & Finance

RWE to Help Louisiana’s Oil & Gas Supply Chain Diversify into Offshore Wind

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

about 4 years ago
GE and HSM Offshore Energy Sign AC Offshore Wind Substation MoU
Business & Finance

GE and HSM Offshore Energy Sign AC Offshore Wind Substation MoU

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

about 4 years ago
Geodynamics Orders Offshore Wind Survey Vessel from All American Marine
Business & Finance

Geodynamics Orders Offshore Wind Survey Vessel from All American Marine

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

about 4 years ago
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