Ørsted has completed the divestment of a 50 per cent stake in the 2.9 GW Hornsea 3 offshore wind farm to Apollo-managed funds, the company said on 30 December, following the announcement of the sale in November and the closing of the transaction. Last month, the companies announced that they had ent
The output of the 495 MW Formosa 4 offshore wind farm in Taiwan has been fully subscribed, according to its developer Synera Renewable Energy (SRE) Group, which signed three corporate power purchase agreements (CPPAs) this month. “With this milestone, the ready-to-build Formosa 4 now calls for suppo
Vestas has received a wind turbine order for the Shinan-Ui offshore wind project, which marks the company’s first offshore wind order in South Korea. The 390 MW Shinan-Ui will be built off Jeollanam Province by a consortium consisting of Hanwha Ocean, SK Eternix, KOMIPO (Korea Midland Power Co., Ltd
Dominion Energy has filed a federal lawsuit challenging the Trump administration’s stop-work order issued on 22 December that directed all major US offshore wind projects under construction to pause while federal agencies review alleged national security risks, AP and US media report. In its complai
UK-headquartered Ocean Geophysics and Slovenia-based HighTide have entered into a joint venture (JV) agreement to combine their seabed and data solutions for offshore wind, cable and pipeline installation, and oil & gas. As part of the partnership, the renewable energy industry suppliers will combin
Japanese shipping major Mitsui O.S.K. Lines (MOL) has received approval in principle (AiP) from compatriot classification society ClassNK for the basic design of specialized vessels for subsea power cable jointing and burial. MOL is working with Sumitomo Electric Industries, Furukawa Electric, and N
Ørsted has signed an agreement with Cathay Life Insurance, and its affiliate Cathay Power, under which Cathay will acquire a 55 per cent ownership stake of Ørsted’s 632 MW Greater Changhua 2 offshore wind farm. Located approximately 50–60 kilometres off the coast of Changhua County, the Greater Chan
Ocean Winds, the 50:50 joint venture owned by EDPR and ENGIE, and Allianz Global Investors have completed the transaction through which Allianz acquired a 20.25 per cent stake in the îles d’Yeu & Noirmoutier offshore wind farm in France. The global investor bought the minority stake for an equity va
Singapore-based Seatrium Limited and Phoenix II A/S, an affiliate of Maersk Offshore Wind, have settled their dispute over a Wind Turbine Installation Vessel (WTIV) ordered at Seatrium by Maersk, with Maersk agreeing to accept the delivery of the vessel next year. Back in early October, Maersk termi
UK-headquartered Tekmar Group has secured a contract worth over EUR 8 million with an existing engineering, procurement and construction (EPC) customer for its cable protection system (CPS) to be deployed at a UK offshore wind farm. Tekmar will deliver its 10th-generation CPS and associated ancillar
ScottishPower Renewables has selected Nexans as the supplier of 66 kV accessories for the East Anglia Three offshore wind project in the UK. Under the contract, Nexans will deliver T-connectors, bushings, junction boxes and cable lugs, and pre-terminated power cables, which the company says are all
Ocean Infinity has taken delivery of the 14th and final vessel in its Armada fleet, ordered in 2020 as a fleet of next-generation robotics-equipped, low-emission vessels for geophysical and geotechnical surveys. The latest delivery completes the 86-metre class of Armada vessels, following the introd
Norwegian state enterprise Enova, owned by the Ministry of Climate and Environment, has launched a call for applications for a competition round to award funding to small-scale floating wind projects. Projects that can apply are those looking to test and demonstrate new solutions that can lower the
The Netherlands-based exploration and production player ONE-Dyas, together with its partners EBN and Tenaz Energy, has tucked a new decarbonisation milestone under its belt by breathing life into the first natural gas production platform in the Dutch and German sectors of the North Sea to run on off
