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Business & Finance

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Side view of the new GE blade manufacturing plant in Teesside
Business & Finance

Plans Submitted for Huge Blade Manufacturing Plant in UK

Plans have been submitted for GE Renewable Energy’s factory to manufacture blades for offshore wind turbines in Teesside, Tees Valley Mayor Ben Houchen said. Mayor Houchen has also revealed the first images of what the facility will look like once construction is complete. The new manufacturing plan

about 5 years ago
Brave Tern Arrives in Taiwan
Business & Finance

Fred. Olsen Windcarrier Secures Three New Offshore Wind Contracts

Fred. Olsen Windcarrier has signed three new wind turbine transport and installation contracts with a combined value of up to EUR 124 million. Signed over the last two months, the contracts are linked to work in 2022-2024 in both Europe and APAC regions and will, combined, cover up to 630 vessel day

about 5 years ago
Port of Esbjerg
Business & Finance

Europe Needs Multi-Billion Port Infrastructure Investment to Meet Offshore Wind Goals – Report

Europe needs to invest EUR 6.5 billion in port infrastructure by 2030 to deliver the offshore wind expansion targets set out in EU’s Offshore Renewable Energy Strategy, a new report by WindEurope shows. These investments would pay back in just five years, WindEurope said. Europe is embarking on a hu

about 5 years ago
WFO Launches Dispute Resolution Committee for Offshore Wind
Business & Finance

WFO Launches Dispute Resolution Committee for Offshore Wind

World Forum Offshore Wind (WFO) has announced the establishment of an Offshore Dispute Resolution Committee (ODRC), which aims to develop alternative dispute resolution mechanisms for the global offshore wind industry. According to WFO, the new mechanisms will be set up to resolve offshore wind proj

about 5 years ago
Equinor Selects Polish Offshore Wind Home Port
Business & Finance

Equinor Selects Polish Offshore Wind Home Port

Equinor has completed the acquisition of a site at the port of Łeba to serve as the operations and maintenance (O&M) base for the Polish Baltic Sea offshore wind projects. This makes Equinor the first developer to confirm an offshore wind maintenance port in Poland together with the joint venture pa

about 5 years ago
Ørsted and POSCO
Business & Finance

Ørsted and POSCO Form Offshore Wind and Hydrogen Pact in Korea

Ørsted and POSCO Group, one of the largest conglomerates in Korea, have signed a Memorandum of Understanding (MoU) to strengthen collaboration on offshore wind and renewable hydrogen in Korea. POSCO and its affiliates will apply the group’s joint capabilities to support the development of Ørsted’s 1

about 5 years ago
Dynamic power cables
Business & Finance

DNV and LS Cable & System Jointly Target Nearshore and Floating Wind

DNV has signed a non-exclusive Memorandum of Understanding (MOU) with power cable manufacturer LS Cable & System to target emerging cabling opportunities in the offshore wind industry. The MOU comes in response to growing global demand for high-voltage, next-generation power cables with dynamic capa

about 5 years ago
A photo showing the control room for Offshore Survival Systems services
Business & Finance

UK Backs World’s First Remotely Operated Offshore Rescue Service

The UK government has awarded Edinburgh-based company Offshore Survival Systems with funding to develop a first of its kind remotely operated offshore search and rescue service. The service involves using a network of semi-autonomous unmanned rescue vessels (URVs) for search and rescue at sea and wi

about 5 years ago
Transmission charges across the EU
Business & Finance

Transmission Charges a Threat to UK Green Energy Industry – Report

Britain’s energy regulators are putting billions of pounds of green infrastructure investment at risk by overseeing an energy market which favours EU energy imports at the expense of home-grown schemes, new research has shown. Electricity generators in the UK pay transmission charges for the cost of

about 5 years ago
A photo of an EnBW offshore wind farm, aerial view
Business & Finance

Norseman Wind to Apply for Building 1.4 GW Subsidy-Free OWF in Norway

Norseman Wind has announced its decision to apply for a licence to build a 1.4 GW wind farm off Norway. In a press release issued on 25 May, the company said the project would be built and operated without the need for government subsidies. Furthermore, German offshore wind developer EnBW has joined

about 5 years ago
An artist's impression of the planned new Leith outer berth with Floating Foundation and Turbine
Business & Finance

Forth Ports Unveils Plans for Offshore Wind Hub at Scottish Port

Forth Ports has revealed plans to invest GBP 40 million (around EUR 46 million) in creating Scotland’s offshore wind hub on a 175-acre site at the Port of Leith. According to Forth Ports, the investment would see the creation of a bespoke, riverside marine berth capable of accommodating the world’s

about 5 years ago
An image showing a floating turbine on the right and infographic on its digital twin on the left
Business & Finance

Akselos Partners with BEPA, RCG on Bringing Its Digital Twin Solution to Offshore Wind Market

Digital twin technology developer Akselos and engineering consultancy BEPA have entered into a partnership to work together on the application of Akselos’s Reduced Basis Finite Element Analysis (RB-FEA) technology in the offshore wind sector. According to Akselos, its technology speeds up FEA simula

about 5 years ago
A photo of the Greenalia and CMC respresentatives at the MOU signing ceremony
Business & Finance

Greenalia, Canary Islands Maritime Cluster Team Up for Offshore Wind

Spanish company Greenalia, which is developing five floating offshore wind farms in the Canary Islands, has signed a Memorandum of Understanding (MOU) with the Maritime Cluster of the Canary Islands (CMC) to promote industrial development of offshore wind. Under the MOU, the two parties will maintai

about 5 years ago
An artist impression of floating wind turbines at sea
Business & Finance

BW Ideol to Bid in French Floating Wind Tender

BW Ideol has entered into an agreement with an unnamed partner with whom it will bid to build a floating wind farm in France. According to the company, BW Ideol formalised a partnership with “an undisclosed leading utility” during the first quarter of this year. The partners will submit a joint bid

about 5 years ago
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