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Business & Finance

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Ørsted Siemens Gamesa wind turbines Taiwan news
Business & Finance

Costa Rica Taking Steps Towards Its First Offshore Wind Project

The Costa Rican Electricity Institute (ICE) is set to launch studies to identify the potential of offshore wind energy in the country as well as the challenges, risks and opportunities in the development, installation, and operation of offshore wind farms in the near future. The studies, which are e

about 4 years ago
Saipem worker
Business & Finance

Saipem in Profit Warning as Margins Deteriorate Due to Pandemic and Rising Costs

Following a revision of its backlog, Saipem, an Italian offshore engineering and construction services provider, has withdrawn its outlook from October 2021, citing significant deterioration of some projects’ margins due to the protracted Covid-19 pandemic and cost increases of raw materials and log

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

Germany to Auction Off 1,880 MW of Offshore Wind Capacity in 2022/23

Germany’s Federal Maritime and Hydrographic Agency (BSH) has approved the suitability of the N-3.5, N-3.6, and N-7.2 areas in the German exclusive economic zone of the North Sea for the development of offshore wind farms. The three areas have a combined capacity of 1,880 MW. The area N-7.2, located

about 4 years ago
Korea’s Largest Offshore Wind Turbine Stands Complete
Business & Finance

Korea’s Largest Offshore Wind Turbine Stands Complete

South Korea’s Doosan Heavy Industries & Construction has installed the 8 MW offshore wind turbine prototype at the Korea Wind Power Demonstration Center in Baeksu, Yeonggwang, South Jeolla Province. The commissioning of the prototype will start at the end of this month, after which international cer

about 4 years ago
COWI Puts Its Foot Down on New Fossil Fuel Projects, Welcomes Offshore Wind and Green Hydrogen
Business & Finance

COWI Puts Its Foot Down on New Fossil Fuel Projects, Welcomes Offshore Wind and Green Hydrogen

The Denmark-headquartered engineering company COWI will turn down all fossil fuel projects from now on as it aims to transform its business and reach 100 per cent revenue within sustainability-related projects in three to five years’ time. In a press release issued on 25 January, the CEO of COWI Gro

about 4 years ago
Scotlands-4.1-GW-offshore-wind-project-awaiting-geotechnical-surveys
Business & Finance

Scotland’s 4.1 GW Offshore Wind Project Ready for Geotechnical Surveys

SSE Renewables is about to kick off further geotechnical survey work at the Berwick Bank Wind Farm located off the east coast of Scotland. The first phase which will include a borehole survey is planned to mobilize between 29 January and 1 February, with the completion expected by 22 February. The s

about 4 years ago
French Floating Offshore Wind Project Reaches Financial Close
Business & Finance

French Floating Offshore Wind Project Reaches Financial Close

Ocean Winds and the Banque des territoires have reached the final investment decision for the Eoliennes Flottantes du Golfe du Lion (EFGL) floating wind project offshore France. This step will allow the signing of contracts with the main industrial and financial partners and the launch of the projec

about 4 years ago
Magnora and Hiraeth Energy Form Celtic Sea Floating Wind Partnership
Business & Finance

Magnora and Hiraeth Energy Form Celtic Sea Floating Wind Partnership

Magnora Offshore Wind AS has agreed Heads of Terms (HoT) on cooperation with Hiraeth Energy LLP for the development of two floating offshore wind projects in the Celtic Sea with a total capacity of approximately 700 MW. The UK seabed manager, The Crown Estate, is planning a leasing process in the ar

about 4 years ago
A photo of the CTG Yangjiang Shapa offshore wind farm under construction
Business & Finance

China Connects 16.9 GW of Offshore Wind Capacity to Grid in 2021

China connected 16.9 GW of offshore wind capacity to the grid in 2021, the latest data from the country’s National Energy Administration has shown. Back in 2020, China installed then record 3,060 MW of new offshore wind capacity, reaching 9,898 MW of installed capacity at the end of that year. China

about 4 years ago
A photo of Martin Neubert, Chief Commercial Officer and Deputy Group CEO at Ørsted
Business & Finance

Ørsted Partners with European Steel Producer

Ørsted and Germany-based steel producer Salzgitter AG have entered into a strategic partnership which will see the two companies working on establishing closed value chains in their business relationships, revolving around offshore wind and steel production. The companies have signed a memorandum of

about 4 years ago
An image visualizing wind turbine on a a trimaran foundation developed by Trivane
Business & Finance

UK Pours GBP 31.6 Million Into Floating Wind Demo Projects

The UK Department for Business, Energy and Industrial Strategy (BEIS) has awarded GBP 31.6 million (approximately EUR 37.7 million) in grant funding to eleven projects through the Floating Offshore Wind (FOW) Demonstration Programme. With an aim of reducing costs as well as increasing the rate of de

about 4 years ago
Scottish Demo to Test Floating Wind Innovations with Government Funding
Business & Finance

Scottish Demo to Test Floating Wind Innovations with Government Funding

The Pentland Floating Offshore Wind Demonstrator has been awarded GBP 9.6 million of UK government funding to develop and demonstrate a suite of UK-manufactured innovative floating wind technologies for the first time. The Floating Offshore Wind (FOW) Demonstrator Programme funding provided through

about 4 years ago
Haizea to Deliver Monopiles for Ørsted’s Offshore Wind Project
Business & Finance

Haizea to Deliver Monopiles for Ørsted’s Offshore Wind Project

Haizea Bilbao, a subsidiary of Haizea Wind Group, has entered into an agreement with Ørsted for an undisclosed offshore wind project for which the Spain-based company will manufacture and deliver monopiles. The contract, which is subject to final investment decision by Ørsted on the project, is the

about 4 years ago
Jacket foundations at Lamprell's site in the UAE
Business & Finance

Lamprell Negotiating ‘Very Large’ Offshore Wind Contract

The UAE-based offshore construction and fabrication specialist Lamprell has entered into exclusive negotiations as a preferred supplier with an international client in the offshore wind industry for what the company describes as ”a very large contract.” Lamprell said it will now work with the client

about 4 years ago
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