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Business & Finance

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German Offshore Wind Grinds to a Standstill in 2021
Business & Finance

German Offshore Wind Grinds to a Standstill in 2021

Germany will not install a single offshore wind turbine in 2021, marking no expansion in offshore wind capacity in a calendar year for the first time in more than ten years, the country’s wind organisations said. This expansion gap is not the expression of a lack of interest on the part of investors

about 5 years ago
Russia's Zarubezhneft and DEME to Build 1 GW Wind Farm Offshore Vietnam
Business & Finance

Russia’s Zarubezhneft and DEME to Build 1 GW Wind Farm Offshore Vietnam

Russian oil & gas company Zarubezhneft and DEME Concessions Wind have signed a Memorandum of Understanding to jointly develop a 1 GW Vinh Phong wind farm offshore Vietnam. The consortium plans to commission the project’s first phase with 600 MW capacity by 2026 and the second phase with 400 MW capac

about 5 years ago
Seajacks Zaratan at Akita Noshiro
Business & Finance

ClassNK and Carbon Trust Form Offshore Wind Pact in Japan

Japanese classification society ClassNK and the Carbon Trust have signed a Memorandum of Understanding (MoU) to support the progress of offshore wind power generation in Japan. This agreement will enable ClassNK and the Carbon Trust to collaborate on assisting national initiatives to improve progres

about 5 years ago
A photo of EEW SPC and Wilton representatives at the OSB facility
Business & Finance

EEW SPC Sells EEW Offshore Structures Britain Site

Germany-headquartered EEW Special Pipe Constructions (SPC) has sold the facility of EEW Offshore Structures Britain (OSB) in Teesside, UK, to Wilton Engineering, a neighbour of EEW OSB. EEW officially handed over the site to Wilton on 15 July. Since the start of production in 2015, EEW OSB has compl

about 5 years ago
Arthur Kill Terminal
Business & Finance

New York Offshore Wind Terminal Secures Investors

Arthur Kill Terminal LLC has entered into an agreement with certain funds managed by Apollo Funds for the exclusive right to invest in the Arthur Kill Terminal project, an offshore wind energy staging and assembly port under development in Staten Island, New York. New York-based Atlantic Offshore Te

about 5 years ago
A photo from the signing of the cooperation agreement between SOCAR and Technip Energies
Business & Finance

Floating Wind Project Unveiled in Azerbaijan

SOCAR and Technip Energies have signed a cooperation agreement which, among other things, will see the two companies working on a joint pilot project for powering upstream operations in Azerbaijan’s sector of the Caspian Sea with electricity produced by a floating wind turbine. If the project moves

about 5 years ago
CTCI MAC pin piles for Changfang and Xidao project at Talin Shop ready for load-out
Business & Finance

Thai Energy Company Enters Offshore Wind Sector

Thai energy company Global Power Synergy Public Company Limited (GPSC) has agreed to acquire a 25 per cent stake in the 589 MW Changfang and Xidao wind farm offshore Taiwan. Global Renewable Power Company Limited (GRSC), a wholly-owned subsidiary of GPSC, entered into an agreement with Copenhagen In

about 5 years ago
An image showing location of Morgan and Mona projects off the UK coast in Irish Sea
Business & Finance

BP, EnBW Call On Local Suppliers to Sign Up for Work on Morgan & Mona OWFs

BP and EnBW have launched a dedicated supplier portal for the two offshore wind projects they won the lease rights for in the UK Round 4 leasing, now named Morgan and Mona, and have invited UK-based suppliers to sign up. The two companies are especially encouraging those UK-based suppliers that have

about 5 years ago
Saipem worker
Business & Finance

Saipem Seals Floating Wind Deal

Italy’s Saipem has finalized the closing of the agreement to acquire the floating offshore wind business of France’s Naval Energies. Saipem and Naval Energies, a subsidiary of France’s Naval Group, signed an agreement for the acquisition in early June. The two parties have now communicated that all

about 5 years ago
Port of Gdynia
Business & Finance

Vestas and Port of Gdynia Readying For Offshore Wind Boom in Poland

Danish wind turbine manufacturer Vestas has begun technical discussions with the Port of Gdynia to drive the port’s development as a key infrastructure site for offshore wind in Poland. The collaboration is intended to support the attractiveness of the port to project developers as a major hub in th

about 5 years ago
A photo of an offshore wind farm
Business & Finance

Eni, Red Rock Team Up for ScotWind Leasing

Italian energy major Eni and Scottish offshore wind developer Red Rock Power have entered into a 50/50 partnership to make a joint bid in the ScotWind offshore wind leasing round in Scotland. The proposal is supported by the transmission company Transmission Investment, for which Eni and Red Rock sa

about 5 years ago
An image illustrating H-Wind green hydrogen production concept
Business & Finance

Offshore Wind-to-Hydrogen Project Launched in Ireland

A new project aiming to advance development of green hydrogen production powered by offshore wind has been launched in Ireland. The H-Wind project, led by UCC MaREI Research Centre, is being co-funded by Science Foundation Ireland and four industry partners: Gas Networks Ireland, DP Energy, ESB, and

about 5 years ago
An image of a commissioning service operation vessel that will join Awind fleet
Business & Finance

Integrated Wind Solutions Buys Into ProCon

Norway-headquartered Integrated Wind Solutions (IWS) has bought into the Danish provider of electrical and technical solutions ProCon. With an investment of DKK 60 million (around EUR 8 million), IWS has become the majority shareholder of the Danish company. According to a press release from 5 July,

about 5 years ago
An image showing a map with the location of RWE's offshore wind farm in Ireland
Business & Finance

RWE to Apply for Development Consent for 900 MW OWF Under Ireland’s New Law

Following Ireland’s launch of the National Marine Planning Framework (NMPF) on 1 July, RWE Renewables announced its intention to apply for development consent to build a 900 MW offshore wind farm under the new Maritime Area Planning (MAP) legislation once the new consenting framework is established.

about 5 years ago
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