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Business & Finance

Rovco and Vaarst to Bring On Board Over 150 Subsea Roles by End of 2025

UK-based providers of tech-powered offshore wind solutions Rovco and Vaarst are planning to recruit over 150 specialist subsea roles across their offices by the end of 2025. Rovco unveiled its intention to recruit over 100 new roles across its Aberdeen and Edinburgh offices by the end of 2025 to sup

about 2 years ago

Business & Finance

Macquarie to Sell Stake in 714 MW East Anglia One

Macquarie Asset Management has reached an agreement to divest a 10 per cent stake in the 714 MW East Anglia One offshore wind farm to NTR, on behalf of the L&G NTR Clean Power (Europe) Fund and the Development Bank of Japan. Following this transaction, Macquarie Asset Management will retain a 10 per

about 2 years ago

Business & Finance

Ørsted Selects Balmoral to Shield Hornsea 3 Cables

Balmoral Comtec, a Balmoral Group company, has been awarded a multi-billion-pound contract for the supply of cable protection systems for Ørsted’s Hornsea 3 offshore wind farm in the UK. The scope of work includes design engineering which will take place at Balmoral Comtec’s Aberdeen facility, suppl

about 2 years ago

Business & Finance

OWGP Launches GBP 1 Million Offshore Wind Innovation Grant for UK Companies

The Offshore Wind Growth Partnership (OWGP) has launched a GBP 1 million Innovation Grant funding competition aimed at boosting the local offshore wind supply chain. Innovation Grants between GBP 25,000 and GBP 200,000 are available for projects that focus on future cables, electrical systems, next-

about 2 years ago

Business & Finance

James Fisher Secures Zhong Neng Commissioning Contract Offshore Taiwan

James Fisher and Sons plc (James Fisher) has been awarded a contract for the provision of high voltage (HV) specialist personnel and HV safety management services at the 298 MW Zhong Neng offshore wind farm in Taiwan. Under the contract, worth over GBP 1 million (approximately EUR 1.17 million), Jam

about 2 years ago

Business & Finance

Significant Offshore Wind Growth Brings Fugro Strong Start of the Year

In what is described as a “strong start of the year”, Dutch geo-data specialist company, Fugro, reported a 9 per cent revenue growth for the first quarter of 2024 compared to the same period last year, said to be due to ongoing significant growth in offshore wind projects. Revenue in the first quart

about 2 years ago

Business & Finance

Subsea7’s Backlog Remains ‘Robust’ with High Tendering in Subsea and Offshore Wind

Subsea7 has reported a “robust” backlog of USD 10.4 billion in its financial results for the first quarter of 2024, with tendering activity high in both the subsea and offshore wind sectors. To remind, in the financial results for the full year of 2023, Subsea7 reported it had secured USD 7.4 billio

about 2 years ago

The 1,000th blade produced by Vestas in the UK

Business & Finance

UK Industry Bodies Release Offshore Wind Industrial Growth Plan

RenewableUK, the Offshore Wind Industry Council, The Crown Estate and Crown Estate Scotland have published an Industrial Growth Plan, setting out how to triple offshore wind manufacturing capacity over the next ten years in the UK. The UK offshore wind industry already employs 32,000 people and each

about 2 years ago

An aerial photo South Bank Heavy Lift Quay

Business & Finance

New Heavy Lift Quay Supporting SeAH’s UK Monopile Factory to Go Into Operation This Summer

A new quay in the UK’s Tees Valley that will support SeAH Wind’s new XXL monopile manufacturing facility is set to be operational in early summer 2024. Construction work on the first 450-metre phase of the South Bank Heavy Lift Quay, which started in 2021, is now complete, according to Teesworks Ltd

about 2 years ago

Business & Finance

EDF, ESB, Reventus Partner on 1 GW Celtic Sea Floating Wind Project; Confirm Plan to Bid in UK’s Round 5 Leasing

The joint venture company behind the 1 GW Gwynt Glas floating wind project is set to change ownership structure as EDF Renewables UK, which owns Gwynt Glas together with DP Energy, is entering into a partnership with Irish renewable energy developer ESB and UK-headquartered offshore wind investor Re

about 2 years ago

Business & Finance

Canadian Pension Fund to Consolidate Its Offshore Wind Holdings into UK-Based Reventus Power

Canada Pension Plan Investment Board (CPP Investments) will consolidate its existing direct and indirect offshore wind holdings into Reventus Power, its UK-based portfolio company, which will become its dedicated global offshore wind platform. Subject to customary approvals, the move will see Revent

about 2 years ago

Seiche on Marine Mammal Safety Mission at Hornsea Two

Business & Finance

UK’s Sixth Contracts for Difference Round Open

On 27 March, the UK Government opened the sixth allocation round (AR6) of the Contracts for Difference (CfD) scheme which will continue until 19 April 2024. The round will see a range of renewable technologies, including offshore wind compete for the government’s support. Applications may be submitt

about 2 years ago

Business & Finance

RWE and Vattenfall Complete Multi-Gigawatt Offshore Wind Transaction in UK

RWE and Vattenfall have completed the sale of three offshore wind projects in the UK. With the transaction completed, RWE has expanded its offshore wind portfolio in the UK by 4.2 GW. The three projects – Norfolk Vanguard West, Norfolk Vanguard East and Norfolk Boreas – each with a planned capacity

about 2 years ago

Seagreen offshore wind farm fully operational

Business & Finance

SSE Renewables Picks Ventus for Seagreen Maintenance Work

UK-based Ventus Energy has been awarded a contract by SSE Renewables to provide maintenance work on transmission assets for the Seagreen offshore wind farm in Scotland. Throughout the duration of the contract, the company will operate across primary and secondary equipment at the wind farm’s offshor

about 2 years ago