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Business & Finance

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An artist impression of Havfram's new wind turbine installation vessel at work
Business & Finance

Norwegian Offshore Wind Newcomer In Partnership Talks for Scottish Offshore Wind-O&G Electrification Auction

Havfram is in early talks with a partner(s) for the Scottish Innovation and Targeted Oil and Gas (INTOG) offshore wind seabed leasing round, according to the company’s press release from 2 March. Six months ago, Crown Estate Scotland announced it would organise a specific leasing round prioritising

about 4 years ago
Elia Forms Offshore Wind Subsidiary Targeting International Market
Business & Finance

Elia Forms Offshore Wind Subsidiary Targeting International Market

Belgian electricity transmission operator Elia Group has approved the establishment of a new subsidiary, WindGrid, which will focus on the international market for offshore grid infrastructure. According to Elia Group, WindGrid is a logical step in its expansion since Europe and other markets are ex

about 4 years ago
EnBW Exits US Offshore Wind Market, TotalEnergies Steps In
Business & Finance

EnBW Exits US Offshore Wind Market, TotalEnergies Steps In

German energy company EnBW has decided to exit the US offshore wind market and focus its future offshore wind activities on Europe. The move was prompted by ”successful auctions in the UK and the announcement of bold offshore wind build-out targets in Germany,” EnBW said. The company’s US entity, En

about 4 years ago
Seaway 7 and Sumitomo making subsea cable one-stop-shop in Asia-Pacific
Business & Finance

Seaway 7 and Sumitomo Making Subsea Cable One-Stop-Shop in Asia-Pacific

Sumitomo Electric Industries and Seaway 7 have signed a Memorandum of Understanding (MoU) to together provide subsea cable engineering, procurement, installation, and commissioning (EPIC) services for offshore wind projects in Japan and the wider Asia-Pacific region. The collaboration is planned to

about 4 years ago
The 12 MW Coastal Virginia Offshore Wind demonstration wind farm
Business & Finance

New York Bight Lease Sale Ends with USD 4.37 Billion Secured for US Treasury

The US Bureau of Ocean Energy Management (BOEM) has completed the country’s biggest offshore wind auction after three days and 64 rounds, and the six offered lease sites gathering a total of USD 4.37 billion that will go to the US Treasury. The largest and most expensive site, which could accommodat

about 4 years ago
ORE Catapult Picks 28 Companies for Offshore Renewables Growth Programme
Business & Finance

ORE Catapult Picks North-East Scots Businesses for Offshore Renewables Growth Programme

Offshore Renewable Energy (ORE) Catapult has chosen 20 UK-based companies to benefit from the Fit For Offshore Renewables (F4OR) business improvement and supply chain growth programme. The F4OR programme, which is funded by the Energy Transition Zone (ETZ) and delivered in partnership with the Nucle

about 4 years ago
Photo from Borkum Riffgrund 2 which came into operation in 2018.
Business & Finance

Germany Launches Offshore Wind Tender

Germany’s Federal Network Agency (Bundesnetzagentur) has put an offshore wind area in the North Sea out to tender. The area will support the development of up to 980 MW of capacity, and the price of the electricity is capped at EUR 64 per MWh. The bidder with the lowest subsidy requirement for a win

about 4 years ago
A photo of the inside of the ASM Offshore facility in the Port of Aveiro in Portugal
Business & Finance

CS Wind Takes Full Ownership of ASM Industries

South Korea’s CS Wind has acquired the remaining 40 per cent stake in the Portuguese wind turbine tower manufacturer, ASM Industries, from WAM Investments. This transaction follows the sale of the 60 per cent stake in ASM by WAM to CS Wind in July 2021. WAM said the two partners concluded that the m

about 4 years ago
GE Haliade-X
Business & Finance

New York Bight Lease Sale Day 1

This is an article following Day 1 updates of the New York Bight offshore wind lease sale. To read the updates from Day 2 and Day 3, or news on the final results of the lease sale, go to the articles below: The biggest offshore wind lease sale ever organised in the US is resuming […]

15 minutes read
Egmond an zee offshore wind farm, owned by Shell through NordzeeWind
Business & Finance

New York Bight Lease Sale: Who Is Competing?

The US Bureau of Ocean Energy Management (BOEM) has deemed 25 companies and consortia eligible to bid in today’s New York Bight offshore wind lease sale, including some of the biggest offshore wind and Big Oil names. Shell, BP, and Equinor, alone or through joint ventures, are competing for acreage

about 4 years ago
DEC Rolls Out 13 MW Offshore Wind Turbine
Business & Finance

DEC Rolls Out 13 MW Offshore Wind Turbine

Chinese wind turbine manufacturer Dongfang Electric Corporation (DEC) has manufactured its first 13 MW typhoon-resistant offshore wind turbine. Developed in-house by DEC, the 13 MW model is based on the company’s 10 MW offshore direct-drive platform. The new model features 103-metre blades, also dev

about 4 years ago
A photo of the Blue Tern installation vessel at Moray East offshore wind farm
Business & Finance

Fred. Olsen Windcarrier Shelves IPO, Cites Geopolitical Tensions

Fred. Olsen Windcarrier ASA has decided to postpone the planned initial public offering (IPO) of shares and the listing on the Oslo Stock Exchange. Fred. Olsen Windcarrier owns and operates three transport and installation jack-up vessels – Bold Tern, Brave Tern, and Blue Tern. It is wholly owned by

about 4 years ago
A crew transfer vessel at an offshore wind farm, aerial view
Business & Finance

Uniper Mulls Gigawatt-Scale Offshore Wind Connection for Green Hydrogen Project

German energy company Uniper and compatriot steel manufacturer, Salzgitter AG, have concluded a cooperation agreement with the aim of Uniper supplying the SALCOS project in Salzgitter with green hydrogen at competitive conditions for the production of climate-compatible steel. The cooperation is foc

about 4 years ago
MOL Forms Another Offshore Wind Pact
Business & Finance

MOL Forms Another Offshore Wind Pact

Japan’s Mitsui O.S.K. Lines (MOL) and Toyo Construction have signed a Memorandum of Understanding (MoU) to evaluate potential collaboration with the aim of commercializing vessels used in the construction of offshore wind projects in Japan and overseas. The companies said they will meet the demand f

about 4 years ago
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