Associated British Ports (ABP) and Dutch synthetic mooring solutions provider, FibreMax, have signed a Memorandum of Understanding (MoU) to investigate development opportunities at ABP’s Port of Swansea, as well as the growing potential for floating offshore wind in the region. The partnership aims
New technologies have the ability to massively close the huge skills gap and shortage of workers that is looming over the offshore wind industry, allowing 10 to 17 times more work to be done by one person, according to Brian Allen, CEO of Rovco, a UK company focused on automating offshore wind servi
Macquarie Asset Management has unveiled its plans to take full control of the Lynn and Inner Dowsing offshore wind farms in the UK by acquiring the remaining stake currently controlled by BlackRock. Macquarie GIG Renewable Energy Fund 1 acquired a 60.75 per cent stake in Lynn and Inner Dowsing in 20
UK-headquartered 2H has been awarded a four-year integrity management (IM) contract for the 882 MW Moray West offshore wind farm in Scotland. The contract’s scope covers IM for all balance of plant (BoP) equipment, including the wind turbine’s monopile foundations and tower structures, inter-array a
Global energy consultancy Xodus has established a new dedicated offshore renewables engineering arm, named Evolv Energies, to strengthen its capabilities in the offshore markets. Evolv Energies has been created to deliver broader engineering services as the development of renewables projects ramp up
A consortium made up of investment funds belonging to Australia-headquartered Macquarie Asset Management and Spring Infrastructure Capital has reached an agreement to divest a 37.5 per cent stake in the 573 MW Race Bank offshore wind farm in the UK to Norges Bank Investment Management. The stake was
UK-headquartered Offshore Wind Consultants (OWC) and renewable energy project management company Bridge Wind Management have entered into a strategic alliance that will see the two partners providing a one-stop-shop solution for asset and operational management for offshore wind projects. OWC and Br
Ørsted has taken a final investment decision (FID) on battery energy storage for its 2.9 GW Hornsea 3 offshore wind farm in the UK, where the developer will use a Tesla system with a capacity of 600 MWh and a power rating of 300 MW. The battery energy storage system (BESS) will be installed in [&hel
UK-headquartered North Star has secured debt investment of up to GBP 425 million (approximately EUR 500 million) to accelerate its ambition to add 40 hybrid service operation vessels (SOV) to its fleet by 2040. The committed financial package of GBP 225 million includes term facilities from existing
Beatrice Offshore Windfarm Limited (BOWL), the operator of an 85-turbine wind farm off northeast Scotland, has agreed to make a payment of GBP 33.14 million (approximately EUR 39 million) after admitting it breached energy market rules. BOWL, the operator of the 588 MW Beatrice offshore wind farm, a
North Star has secured a contract with Siemens Gamesa to build a hybrid service operations vessel (SOV) bound for long-term charter at the 1.4 GW East Anglia THREE offshore wind farm, located off the Suffolk coast, England. The construction project for the SOV of VARD 4 19 design has been awarded by
The Crown Estate has initiated a Supply Chain Accelerator to stimulate early-stage investment in the UK offshore wind supply chain. The accelerator is a new GBP 50 million (approximately EUR 58.7 million) fund created to accelerate and de-risk the early-stage development of projects linked to offsho
Japan-headquartered Sumitomo Electric has kicked off the construction of its subsea cable factory in Scotland, set to supply critical elements for the reinforcement of the UK electricity transmission grid and for connecting renewable energy production facilities to the grid. Sumitomo Electric held t
Ports from across Scotland have launched the Scottish Offshore Wind Ports Alliance (SOWPA) which aims to optimise the opportunities from offshore wind. The alliance comprises 13 ports, including Kishorn Port, the Port of Nigg, Ardersier Port, Port of Cromarty Firth, Port of Inverness, and Scrabster
