The Caspian Sea, the Black Sea, and the Eastern Mediterranean offer abundant areas with great site conditions for fixed-bottom and floating offshore wind, with LCOE levels projected to go as low as EUR 50/MWh, according to a report issued by Aegir Insights. The Black Sea countries of Ukraine, Romani
Joint venture partners Ørsted and Eversource are establishing a manufacturing facility for offshore wind foundation components at ProvPort in Rhode Island, United States. The new 228-foot long facility will be used for advanced fabrication and assembly of foundation platforms for the companies’ offs
Mitsui and Hokutaku have established Horizon Ocean Management (HOM), a joint venture company providing inspection and maintenance services to the offshore wind sector. The new company brings together wind turbine maintenance expertise developed by Hokutaku and the Mitsui Group, and Mitsui’s customer
Australian companies Worley and MMA Offshore have signed a Memorandum of Understanding to jointly provide integrated services to the offshore wind market in Taiwan and the broader Asia Pacific region. Under the arrangement, Worley will provide turnkey operations and maintenance services and MMA will
While offshore wind has performed strongly during the pandemic, continuing with next to no business interruption, the sector still faces some significant supply chain risks. This is according to an insurance company specialising in renewable energy, one of few businesses with the capability to compr
Azerbaijan’s Ministry of Energy has signed a Memorandum of Understanding (MOU) with the International Finance Corporation (IFC) to cooperate on offshore wind development. The aim of the cooperation is to assess the potential of offshore wind in Azerbaijan and the development of a roadmap, and later,
US oil major Chevron, together with Norwegian company Moreld Ocean Wind, is set to invest in offshore wind technology at Ocergy, a US company developing a low-cost floating wind foundation and a multi-disciplinary environmental monitoring buoy. Ocergy secured the investments through its Series A equ
Japanese marine contractor Penta-Ocean Construction and DEME Offshore have signed a Memorandum of Agreement to establish a joint venture company to collaborate in the field of offshore wind construction in Japan. In March 2020, Penta-Ocean and DEME Offshore signed a memorandum of understanding to co
Norwegian seismic company SeaBird Exploration has secured its first contract in the offshore wind sector. SeaBird will provide its survey vessel Petrel Explorer as an accommodation vessel for a wind farm maintenance campaign in the Baltic Sea. The company did not disclose the name of the project, bu
Hai Long Offshore Wind has received approval for its Industrial Relevance Plan from the Taiwanese government after two years of negotiations. Hai Long stated it will now continue working with the government, local suppliers and main contractors CDWE and Siemens Gamesa on the delivery of the localiza
Kongstein and Inter Marine have entered into a cooperation agreement to provide combined services to the Polish offshore wind market. The cooperation will also see the partners working on hydrogen projects. Norwegian provider of technical advisory and project management services to the offshore rene
Dong Fang Offshore (DFO), a subsidiary of Hung Hua Construction, has bought the subsea multi-purpose vessel Pacific Constructor from Swire Pacific Offshore to strengthen its fleet serving the offshore wind sector in Taiwan, as well as in the Asia Pacific region. Pacific Constructor, renamed to Const
New Jersey’s Public Service Enterprise Group (PSEG) has completed the acquisition of a 25% interest in Ørsted’s Ocean Wind offshore wind project. PSEG’s investment, which was announced in December 2019, received approval from the New Jersey Board of Public Utilities on 31 March. “From creating jobs
Singapore’s shipbuilder Strategic Marine has launched the next-generation Strat Cat crew transfer vessel (CTV) design for the offshore wind market. The SC27 is an evolution of Strat Cat 26 which is said to offer enhanced vessel capabilities with a reduced environmental footprint and hybrid drive opt
