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Business & Finance

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A photo of an offshore wind farm with one turbine prominently seen
Business & Finance

Ørsted Vows Not to Use Wind Turbine Blade Landfilling

Ørsted has announced a ban on the landfilling of wind turbine blades and has committed to either reuse, recycle, or recover 100 per cent of the blades coming from repowering or end-of-design-life decommissioning of its offshore and onshore wind farms. As part of its new sustainability strategy and w

about 5 years ago
Nexans Takes Delivery of CLV Aurora
Business & Finance

Nexans Takes Delivery of CLV Aurora

Nexans has taken delivery of its newbuild DP3 cable laying vessel (CLV) Nexans Aurora from Ulstein Verft. Nexans Aurora will be named at a ceremony in Ulsteinvik on 8 June, before leaving for its homeport Halden and Nexans’ subsea high voltage cables competence center. The vessel is delivered on tim

about 5 years ago
A photo of a Parkwind offshore wind farm and its substation
Business & Finance

Belgian-Norwegian Consortium Unveils Offshore Wind Bid in Norway

Belgian offshore wind developer Parkwind and the Norwegian company NorSea have joined forces to apply for a licence for offshore wind acreage in Norway. “Together with our Norwegian partners, we are able to offer a competitive value proposition by matching local expertise with over a decade of offsh

about 5 years ago
Norwegian Offshore Wind Auction Attracts More Domestic Companies
Business & Finance

Norwegian Offshore Wind Auction Attracts More Domestic Companies

Two Norwegian investment companies have teamed up to establish an offshore wind company and compete in Norway’s upcoming licensing round. Arendals Fossekompani ASA (AFK) and Ferd AS (Ferd) established Seagust AS to compete in the offshore wind licensing round. Seagust Eyes Both Offshore Wind Areas T

about 5 years ago
Ørsted and Enefit to Jointly Develop Baltic Sea Offshore Wind
Business & Finance

Ørsted Raises Its Own 2030 Offshore Wind Bar to 30 GW

Ørsted has decided to accelerate its global build-out of renewable energy and has now set a goal to reach around 50 GW of installed renewable energy capacity by 2030, of which 30 GW will come from offshore wind. Reaching this target will see the company investing approx. DKK 350 billion (approx. EUR

about 5 years ago
An offshore wind farm
Business & Finance

Norwegian Company Positioning for Upcoming Offshore Wind Projects

Norwegian company Caera has acquired its compatriot Energy Innovation as it plans to set up a skilled personnel base at the Egersund Energy Hub as part of the offshore wind supply chain in Norway. Caera is a supplier of skilled professionals in electrical and mechanical sciences, and Energy Innovati

about 5 years ago
An image showing the Cerulean Winds development segments
Business & Finance

200-Turbine Floating Wind Plan Proposed to Offset UK Oil & Gas Footprint

A plan to decarbonise offshore oil and gas assets in the UK through an integrated 200-turbine floating wind and green hydrogen development was revealed today (1 June). The GBP 10 billion (approx. EUR 11.62 billion) project involves installing 200 of the largest floating wind turbines at sites West o

about 5 years ago
Wind turbine technicians offshore
Business & Finance

Offshore Wind Will Need Over 172,000 More GWO-Trained People by 2025 – Report

Upwards of 172,000 more people will need to be trained to GWO standards over the next five years to meet the global offshore wind power market demand in line with health and safety standards, a new report has found. These workers will need to be trained to construct, install, operate and maintain th

about 5 years ago
Ocergy floating wind and data buoy platforms
Business & Finance

Global Energy Group Joins Scottish Floating Wind Project

Salamander Floating Wind, a joint venture between Simply Blue Energy and Subsea 7, has signed a Memorandum of Understanding (MOU) with Global Energy Group (GEG) to collaborate on the Salamander project. Specifically, the MOU will see GEG and the developer collaborating in the design, development and

about 5 years ago
Goldwind 4S MW PMDD
Business & Finance

Construction Starts on NEBT Intertidal Wind Farm Offshore Vietnam

Australian and South East Asian power company Nexif Energy has formed a 50:50 partnership with Thailand’s RATCH Group for the construction and operation of the Nexif Energy Ben Tre nearshore wind farm (NEBT) in Vietnam. The 80 MW NEBT intertidal wind farm is located in Thanh Hai commune, Thanh Phu d

about 5 years ago
Tahkoluoto, Finland's first commercial offshore wind farm.
Business & Finance

Finnish Region Planning 6 GW Offshore Wind Power-to-X Project

The Finnish government has submitted its National Recovery Plan to the European Commission, allocating € 318.7 million to support clean energy and energy infrastructure developments, including a 6 GW offshore wind farm that will incorporate a Power-to-X solution. Finland plans to support offshore wi

about 5 years ago
An aerial photo of the Borssele 1 and 2 offshore wind farm
Business & Finance

Ørsted Divests Half of Borssele 1 & 2 OWF for EUR 1.38 Billion

Ørsted has completed the divestment of 50 per cent of the Borssele 1 & 2 offshore wind farm in the Netherlands to Norges Bank Investment Management (NBIM) for circa EUR 1.38 billion. This is said to be NBIM’s first investment in unlisted renewable energy infrastructure. The offshore wind developer a

about 5 years ago
A conceptual illustration and scope for a fleet of C-H2 ships to deliver an offshore loading and transport solution for green hydrogen production from floating offshore wind
Business & Finance

Australian Company Enters European Offshore Wind-to-Hydrogen Market

Australia-based Global Energy Ventures (GEV) and German company ILF Beratend Ingenieure (ILF Consulting Engineers) have joined forces to develop green hydrogen projects in Europe and Australia – including those involving offshore wind – which will use a compressed hydrogen (C-H2) shipping solution.

about 5 years ago
Avedøre Power Station
Business & Finance

New Offshore Wind Farm to Power Green Fuels for Denmark Project

Ørsted and HOFOR (Greater Copenhagen Utility) entered into an agreement that will secure green power for part of the potential 1.3 GW Green Fuels for Denmark project to produce sustainable fuels in the Greater Copenhagen area. As part of the agreement, Ørsted and HOFOR will work towards enabling Ørs

about 5 years ago
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