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Business & Finance

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Launch of yard no. 322, J.P. Morgan's CSOV at Ulstein Verft
Business & Finance

Ulstein Launches First of Two J.P. Morgan CSOVs

Ulstein Verft in Norway has launched Yard no. 322, the first of two commissioning service operation vessels (CSOVs) the company is building for investors advised by J.P. Morgan. In July 2023, Bernhard Schulte Offshore ordered the design and construction of two CSOVs from Ulstein under a contract tha

about 9 months ago
Titan Wind Orders ESAB Welding Equipment for XXL Monopile Factory in Germany
Business & Finance

Titan Wind Orders ESAB Welding Equipment for XXL Monopile Factory in Germany

Titan Wind Energy has signed a contract with ESAB for the delivery of welding and handling equipment for its new manufacturing facility in Cuxhaven, Germany. The agreement covers a full suite of high-capacity welding and handling solutions designed specifically for extra-large monopiles for offshore

about 9 months ago
Illustrative Projection of a Concrete Floating Foundations Fabrication Line by BW Ideol in Ardersier (Scotland); credit BW Ideol
Business & Finance

Swiss Company Buys Minority Stake in BW Ideol

Switzerland-headquartered Holcim has taken a minority equity ownership in the floating offshore wind technology developer BW Ideol. “This investment sends a powerful message to the floating offshore wind industry, confirming the maturity and deliverability of concrete foundation solutions. With Holc

about 9 months ago
Ørsted to File for Another Preliminary Injunction Against Stop-Work Order in US
Business & Finance

Ørsted to File for Another Preliminary Injunction Against Stop-Work Order in US

Ørsted will submit a motion for a preliminary injunction against the recently imposed construction halt for its Sunrise Wind project in the US, the company said on 7 January, several days after announcing the same legal action in relation to Revolution Wind, which the developer is building through a

about 9 months ago
ProCon and Hyndla Complete Merger Under IWS Services Banner
Business & Finance

ProCon and Hyndla Complete Merger Under IWS Services Banner

Danish electrical engineering specialist ProCon Group and Norwegian company Hyndla have completed an all-share merger to form an integrated electrical solutions provider targeting the offshore wind industry, IWS Services, the 75-per-cent-owner of ProCon said on 5 January. The combined business wil

about 9 months ago
Outer Dowsing Corio Generation offshore wind
Business & Finance

Corio Withdraws Application for Irish Offshore Wind Farm

Fuinneamh Sceirde Teoranta (FST), a company owned by Corio Generation that was developing the 450 MW Sceirde Rocks offshore wind project in Ireland, withdrew the consent application for the wind farm on 17 December 2025, according to a notice issued by Ireland’s national planning body, An Coimiúsin

about 9 months ago
Equinor Sues US Gov’t Over Empire Wind 1 Construction Halt
Business & Finance

Equinor Sues US Gov’t Over Empire Wind 1 Construction Halt

Equinor has filed a civil suit in the US District Court for the District of Columbia against the order that suspended construction on five offshore wind projects, including its Empire Wind 1, which is now more than 60 per cent complete. As part of the case, Empire Offshore Wind LLC, an Equinor subsi

about 9 months ago
Ørsted Revolution Wind
Business & Finance

Ørsted-Skyborn JV Takes Legal Action Against US Gov’t Over Stop-Work Order; Seven Turbines Left to Install on Revolution Wind

On New Year’s Day, Revolution Wind LLC, the 50/50 joint venture between Ørsted and Skyborn Renewables, filed a supplemental complaint in the US District Court for the District of Columbia and plans to move for a preliminary injunction to block the lease suspension order recently imposed by the US go

about 9 months ago
Dongfang 26 MW
Business & Finance

Offshore Wind Turbines in 2025: China Continues Leading in Single-Unit Capacity, Vestas’s 15 MW Turbine Installed at Offshore Wind Farms

In offshoreWIND.biz‘s 2024 annual wind turbine overview, you could have read about the first 16 MW floating wind platform installed offshore and a 26 MW prototype under construction, both in China, and a 21 MW prototype being assembled in Europe. Wind turbine generator (WTG) technology did not stop

about 9 months ago
A photo of the Rampion offshore wind farm off Brighton, UK, in sunrise
Business & Finance

Ten Most Read News on offshoreWIND.biz in 2025

OffshoreWIND.biz has millions of views per year and hundreds of thousands per month. In 2025, some stories received significantly bigger attention than others, and in this overview, we are bringing the ten most popular news in the now-past year. In August, only days after Ørsted reported that Revolu

about 9 months ago
Hornsea Three AMS Trenchless
Business & Finance

Apollo Becomes Co-Owner of Hornsea 3 Offshore Wind Farm

Ørsted has completed the divestment of a 50 per cent stake in the 2.9 GW Hornsea 3 offshore wind farm to Apollo-managed funds, the company said on 30 December, following the announcement of the sale in November and the closing of the transaction. Last month, the companies announced that they had ent

about 9 months ago
Synera Formosa 2
Business & Finance

Formosa 4 Output Sold Out, Developer Urges Gov’t to Resolve Key Project Financing Requirements

The output of the 495 MW Formosa 4 offshore wind farm in Taiwan has been fully subscribed, according to its developer Synera Renewable Energy (SRE) Group, which signed three corporate power purchase agreements (CPPAs) this month. “With this milestone, the ready-to-build Formosa 4 now calls for suppo

about 9 months ago
Vestas Receives Order for South Korean Offshore Wind Project
Business & Finance

Vestas Receives Order for South Korean Offshore Wind Project

Vestas has received a wind turbine order for the Shinan-Ui offshore wind project, which marks the company’s first offshore wind order in South Korea. The 390 MW Shinan-Ui will be built off Jeollanam Province by a consortium consisting of Hanwha Ocean, SK Eternix, KOMIPO (Korea Midland Power Co., Ltd

about 9 months ago
CVOW DEME
Business & Finance

US Offshore Wind Developer Sues Gov’t Over Stop-Work Order

Dominion Energy has filed a federal lawsuit challenging the Trump administration’s stop-work order issued on 22 December that directed all major US offshore wind projects under construction to pause while federal agencies review alleged national security risks, AP and US media report. In its complai

about 9 months ago
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