Swedish energy-tech company SeaTwirl and UK-based energy management and energy storage firm Verlume have signed a memorandum of understanding (MoU) to collaborate on the electrification of offshore assets and decarbonisation of the oil and gas industry. The MoU will see the two companies identify an
Outer Dowsing Offshore Wind, a joint venture between TotalEnergies, Corio Generation and Gulf Energy Development, has submitted an application to the Planning Inspectorate for a Development Consent Order (DCO) for the 1.5 GW offshore wind project in the UK. The DCO application includes an offshore w
Iberdrola and Amazon have expanded their long-term global clean power partnership by signing a power purchase agreement (PPA) for 159 MW of the 1.4 GW East Anglia Three offshore wind farm in the UK, equivalent to 700 GWh of clean electricity per year. The two companies announced in March 2023 a new
OEG Renewables subsidiary, Hughes Subsea, has been awarded a contract to carry out an unexploded ordnance (UXO) identification and clearance campaign on the 1.4 GW East Anglia Three offshore wind farm site in the UK. The campaign is expected to last six months, commencing in mid-March and continuing
RWE has reported an adjusted EBITDA of nearly EUR 1.7 billion in its offshore wind segment for 2023, compared to EUR 1.4 billion for the previous fiscal year. The increase in earnings is due to the commissioning of new capacity and better wind conditions, according to the company. Electricity genera
Boskalis’s offshore energy division saw 50 per cent of its revenue coming from offshore wind in 2023, according to annual results the Dutch dredging and offshore construction specialist released on 7 March. Company-wide, Boskalis reported a 20 per cent increase in revenue and a 150 per cent higher n
The rights to the gravity tripod offshore wind foundation developed by the UK company Offshore Wind Logistics and Construction (OWLC) have been put up for sale following an appointment of administrators who initiated an accelerated sale of the business. OWLC says its gravity tripod foundation can de
The UK government has revealed the budget of over GBP 1 billion (approximately EUR 1.2 billion) for this year’s Contracts for Difference (CfD) Allocation Round 6 (AR6) with the majority of it, GBP 800 million (around EUR 936 million), earmarked for offshore wind. The Department for Energy Security a
Abu Dhabi-based Masdar has completed its acquisition of a 49 per cent shareholding in the 3 GW Dogger Bank South (DBS) offshore wind project in the UK. RWE will lead the project’s development, construction, and operation with a 51 per cent stake over the entire term. Masdar and RWE signed an agreeme
Offshore ship-owning group Atlantic Oceanic (UK) has acquired an advanced DP2 multi-purpose supply vessel (MPSV) as part of its ongoing fleet growth programme. The vessel, named Atlantic Spirit and previously known as Tek-Ocean Spirit, is an 87-metre-long specialist MPSV equipped with a DP2 dynamic
Ørsted has 6.7 GW of offshore wind under construction in 2024 across several projects worldwide, more than ever before in the company’s history, according to a recent newsletter from the global offshore wind developer. The capacity the company has under construction this year is significantly contri
ScottishPower Renewables, Iberdrola’s company in the UK, is getting the East Anglia One North and East Anglia Two offshore wind projects ready for the upcoming auction round for Contracts for Difference (CfD). This is according to project updates Iberdrola published as part of its financial results
BayWa r.e. AG has a development portfolio of over 9 GW in floating wind power projects in Italy, underlining its ambition to become an established player in the offshore wind industry, said the company. Integrated into a global offshore wind team, a dedicated offshore project development team has be
OEG Energy Group (OEG) has completed the acquisition of Netherlands-based Marine Coordination Services (MCS), a specialist provider of marine coordination and offshore project services. MCS will join the OEG Renewables (“OEGR”) division, further expanding OEG’s marine coordination capabilities and o
