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Business & Finance

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‘World’s Most Powerful’ Subsea Trencher Nears First Testing
Business & Finance

‘World’s Most Powerful’ Subsea Trencher Nears First Testing

NKT’s new subsea trencher, deemed the world’s most powerful, is approaching final assembly and entering the first round of testing, the Danish power cable manufacturer and installation firm reported. NKT announced the investment in the NKT T-3600 trencher in June 2025, as part of its ongoing investm

18 days ago
Tekmar Gets Offshore Wind Order from Japan
Business & Finance

Tekmar Secures EUR 1 Million Concrete Protection Contract for ‘Major’ European Offshore Wind Project

Tekmar Group has been awarded a contract valued at around EUR 1 million to deliver concrete protection solutions for an offshore wind project. The company did not disclose the name of the project or its client, but it said that its contract was with an existing customer, which is “a leading submarin

20 days ago
CAPE Holland, GBM Works Partner to Commercialise Vibrojet for Offshore Wind
Business & Finance

CAPE Holland, GBM Works Partner to Commercialise Vibrojet for Offshore Wind

CAPE Holland and GBM Works have signed a Memorandum of Understanding (MoU) to jointly develop and commercialise Vibrojet, a technology for installing offshore wind monopile foundations that combines vibratory driving with controlled water jetting. The companies aim to make Vibrojet commercially avai

24 days ago
Hai Long Secures Financing with 11 New Banks Joining
Business & Finance

Hai Long Secures Financing with 11 New Banks Joining

The Hai Long offshore wind project in Taiwan has secured TWD 55 billion (nearly EUR 1.5 billion) in incremental financing, with eleven banks joining its financing structure for the first time. The additional financing has been arranged within the project’s existing project finance framework and invo

25 days ago
Cadeler Acquires Foundation Installation Equipment Provider for EUR 501 Million
Business & Finance

Cadeler Acquires Foundation Installation Equipment Provider for EUR 501 Million

Cadeler has acquired Menck, a provider of equipment and technology for offshore foundation installation, in a transaction valued at EUR 501 million. The acquisition, which was signed and completed following receipt of all required regulatory approvals, gives Cadeler access to Menck’s portfolio of eq

25 days ago
He Dreiht first power
Business & Finance

He Dreiht Wind Turbine Installation to Be Completed ‘Shortly’, EnBW Says

EnBW expects to soon complete the installation of all wind turbines at the 960 MW He Dreiht offshore wind farm, according to information the company provided in its half-year results. As reported in July, a section of a damaged rotor blade from one of the wind turbines at He Dreiht offshore wind far

26 days ago
A visualization of the new Louis Dreyfus Armateurs SOVs for Vattenfall
Business & Finance

ZPMC Starts Building Second SOV for LD Armateurs, Chartered for Nordlicht Offshore Wind Farms

Shanghai Zhenhua Heavy Industries (ZPMC) has laid the keel for the second service operation vessel (SOV) it is building for French offshore wind fleet operator Louis Dreyfus Armateurs (LD Armateurs). The keel-laying ceremony took place on 30 July at ZPMC’s marine engineering facility. Designed in co

27 days ago
Cadeler Orders Two New Wind Foundation Installation Vessels at COSCO
Business & Finance

Cadeler Orders Two New Wind Foundation Installation Vessels at COSCO

Cadeler has signed firm contracts with COSCO Shipping Offshore shipyard in Qidong, China, for the construction of two T-class offshore wind foundation installation vessels for a total of approximately EUR 805 million. The new vessels are scheduled for delivery in 2030 and 2031. Cadeler said the agre

27 days ago
Sumitomo Acquires Stake in Gwynt Glas Floating Wind Project
Business & Finance

Sumitomo Acquires Stake in Gwynt Glas Floating Wind Project

Sumitomo Corporation has joined the Gwynt Glas floating offshore wind project in the Celtic Sea as an equal partner alongside EDF power solutions UK and Ireland and ESB, with each company now holding a 33.33 per cent stake. DP Energy will continue to support the project’s development, including earl

27 days ago
US Government Reaches USD 1.2 Billion Offshore Wind Exit Deal with RWE
Business & Finance

US Government Reaches USD 1.2 Billion Offshore Wind Exit Deal with RWE

RWE and the US Department of the Interior (DOI) have reached a settlement agreement under which RWE will relinquish its offshore wind leases in the New York Bight and off the coasts of California and Louisiana in exchange for USD 1.22 billion (around EUR 1.06 billion) in settlement funds. The agreem

29 days ago
EOLOS Partners with Enviros to Support Offshore Wind Metocean Campaigns in Vietnam
Business & Finance

EOLOS Partners with Enviros to Support Offshore Wind Metocean Campaigns in Vietnam

Spain-based floating LiDAR specialist EOLOS has partnered with Vietnamese marine services company Enviros to provide wind resource and metocean measurement services for offshore wind projects in Vietnam, with the first deployments planned from September 2026. Under the agreement, EOLOS will combine

about 1 month ago
Bernhard Schulte, Pelagic Partners Win Baltica 2 CSOV Contracts
Business & Finance

Bernhard Schulte, Pelagic Partners Win Baltica 2 CSOV Contracts

Elektrownia Wiatrowa Baltica – 2, the project company developing the 1.5 GW Baltica 2 offshore wind farm, has awarded contracts for two walk-to-work (W2W) accommodation vessels that will support construction and offshore operations at the project in the Polish Baltic Sea. The contracts were awarded

about 1 month ago
Prysmian Buys Scottish Training Facility for Cable Jointers
Business & Finance

Prysmian Buys Scottish Training Facility for Cable Jointers

Italian cabling company Prysmian has acquired a training facility for high-voltage cable jointers in Scotland, bringing on board over 20 apprentice jointers and experienced training staff. Located in North Ayrshire, the academy will support installation and inspection, maintenance and repair (IMR) o

about 1 month ago
A photo of the Horns Rev 3 offshore wind farm with close-up of wind turbine
Business & Finance

Vattenfall Seeks ROV Inspection, Seabed Survey Contractors for European Offshore Wind Fleet

Vattenfall has launched a tender seeking contractors to provide remotely operated vehicle (ROV) inspections and seabed survey services across its offshore wind portfolio in Denmark, Sweden, the Netherlands and the UK from 2027. According to a contract notice from 4 August, the company is looking to

about 1 month ago
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