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Business & Finance

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US Oil & Gas Vessel Operator Eyes Offshore Wind for Newly Acquired Vessels
Business & Finance

US Oil & Gas Vessel Operator Eyes Offshore Wind for Newly Acquired Vessels

US offshore support vessel (OSV) operator Hornbeck Offshore plans to offer vessels from its fleet for deployment on offshore wind projects in the country, according to the company’s latest press release on acquiring three OSVs from the US Department of Transportation’s Maritime Administration (MARAD

about 4 years ago
POSH
Business & Finance

POSH Divests Taiwan Joint Venture, Shifts Into ‘Fast-Growing’ Floating Wind Market

Singapore-headquartered offshore marine services provider, PACC Offshore Services Holdings Ltd. (POSH) will be shifting its push into renewables away from operational support in the fixed wind market into the development of the “fast-growing” floating wind market. As a consequence, POSH has divested

about 4 years ago
Dutch Industrial Park to Run on Offshore Wind
Business & Finance

Dutch Industrial Park to Run on Offshore Wind

USG Industrial Utilities (USG) has signed a power purchase agreement (PPA) with Eneco for a portion of electricity generated at the Fryslân wind farm located in lake IJsselmeer, the Netherlands. Starting January 2022, some 350 GWh of electricity generated at the Fryslân wind farm will be supplied to

about 4 years ago
Technip Energies Buys Into Floating Wind Technology Developer
Business & Finance

Technip Energies Buys Into Floating Wind Technology Developer

Technip Energies has acquired a 16.3 per cent stake in X1 Wind, Spanish renewable energy technology startup behind the PivotBuoy floating offshore wind platform. Technip Energies said it was the lead investor in this funding round, which also counts with the participation of the European Commission-

about 4 years ago
Arklow Bank Phase 1
Business & Finance

Irish Offshore Wind Farm Seeks Tier 1 Contractors

SSE Renewables has issued contract notices seeking Tier 1 contractors for the Arklow Bank Phase 2 wind farm project offshore Ireland. Arklow Bank Wind Park Phase 2 is located approximately 6 to 15 kilometres off the coast of Arklow, Co. Wicklow and covers an area approximately 27 kilometres long and

about 4 years ago
Japan Opens First Floating Wind Farm Auction
Business & Finance

Dutch to Study Floating Wind Market in Japan

The Embassy of the Kingdom of the Netherlands in Japan, together with the Netherlands Enterprise Agency (RVO), has commissioned the Dutch company BLIX Consultancy to perform a floating wind market study in Japan, with an aim to strengthen offshore wind collaborations between the two countries and to

about 4 years ago
An aerial photo of the Avedøre Power Station
Business & Finance

Danish Consortium Accelerates Offshore Wind-Powered Clean Fuel Project, Eyes Green Jet Fuel Production by 2025

The partnership behind the Danish Power-to-X project ‘Green Fuels for Denmark’ has decided to bring forward parts of the project two years earlier than previously planned. The plan involves rolling out 100 MW of the project’s originally planned second phase’s 250 MW electrolysis in 2025 instead of 2

about 4 years ago
Huisman Ringer Crane
Business & Finance

Mammoet Starts Patent Infringement Probe Against Huisman and BMS

Dutch heavy lifting company Mammoet said it has started investigating what the company describes as ”the possible violation of its intellectual property rights by Huisman and BMS Heavy Cranes.” The investigation concerns the recently announced series of land cranes, including a 3000-ton ring crane,

about 4 years ago
Engie Signs Offshore Wind Power Purchase Agreement with Umicore
Business & Finance

Engie Signs Offshore Wind Power Purchase Agreement with Umicore

Belgian materials technology and recycling group Umicore will buy electricity generated by 28 MW of offshore wind capacity at Engie’s offshore wind farm in the Belgian sector of the North Sea. Umicore informed on the signing of a Power Purchase Agreement (PPA) with Engie on 3 February. Under the agr

about 4 years ago
Brave Tern vessel installing the first turbine at the Yunlin offshore wind farm in Taiwan
Business & Finance

Fred. Olsen Windcarrier Prepares IPO, Proceeds to Fund Newbuilding Installation Vessel

Norway-based offshore wind turbine installation company, Fred. Olsen Windcarrier ASA, plans to launch an initial public offering (IPO) of new shares and apply for a listing on the Oslo Stock Exchange. Fred. Olsen Windcarrier owns and operates three transport and installation jack-up vessels – Bold T

about 4 years ago
Another Danish Company Drops Fossil Fuel Business and Turns Fully to Renewables
Business & Finance

Another Danish Company Drops Fossil Fuel Business and Turns Fully to Renewables

Danish-based Muehlhan has sold its oil and gas business as the company decided to focus entirely on the renewable energy market. Muehlhan, which provides services in the offshore wind industry primarily by delivering pre-assembly work, said selling its oil and gas division supported the company’s st

about 4 years ago
Siemens Gamesa Appoints New CEO
Business & Finance

Siemens Gamesa Appoints New CEO

Siemens Gamesa Renewable Energy has appointed Jochen Eickholt, a member of the executive board at Siemens Energy, as its Chief Executive Officer (CEO). Eickholt will take the reins at Siemens Gamesa on March 1, replacing Andreas Nauen. Siemens Gamesa ended the first quarter of the Fiscal Year 2022 w

about 4 years ago
An aerial photo of a wind turbine at Hornsea Two
Business & Finance

Ørsted to Sell Half of Hornsea Two This Year, Omicron Causing Slight Delay in Full Commissioning

Ørsted will sell 50 per cent of its Hornsea Two offshore wind farm in the UK and expects to close the 1.3 GW project farm-down this year, the company said in its 2021 annual results. Putting the project in full operation will be slightly delayed due to the impact of the Omicron variant of SARS-CoV-2

about 4 years ago
Power Transfer Vessel
Business & Finance

Power X Forms Strategic Business Alliance with NYK Line

Japanese shipping company, Nippon Yusen Kaisha (NYK Line), has signed a memorandum of understanding with compatriot Power X, Inc. to set forth the terms of a strategic business alliance for the development and testing of Power X’s marine energy storage solutions (ESS), the Power ARK power transfer v

about 4 years ago
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