Leading offshore wind developer Ørsted is changing the organisational structure to strengthen its ability to tap into the growth potential of global renewable energy markets over the next decade. Over the next decade, global renewable energy markets are expected to grow at double-digit annual growth
According to a new study from Offshore Renewable Energy (ORE) Catapult, large floating wind projects in the UK could secure Contracts for Difference (CfD) strike prices below current wholesale electricity price forecasts in 2029. Reaching the point of having “subsidy-free” floating wind projects dep
Global Energy Group (GEG) and Italy’s Rosetti Marino have formed a strategic partnership to execute large scale renewable energy and energy transition EPC and EPCI contracts in the UK. The companies have entered into a five-year agreement, with the potential for a two-year extension, to jointly tend
Offshore Wind Consultants (OWC) has set up its own energy yield assessment service capability for offshore wind projects. As part of the move, OWC appointed Okan Sargin to head up the new integrated service offering for offshore wind developers. The team led by Sargin will support clients with early
Great Lakes Dredge & Dock Co. (GLDD) has appointed Eleni Beyko as Senior Vice President for offshore wind to lead the company’s entry into the market. Beyko will be responsible for developing GLDD’s offshore wind operations, including strategy and business development, tendering and project executio
Pacific Green Technologies (Shanghai) has entered into a framework agreement with SINOPEC Star to work on a portfolio of projects that includes offshore wind, among others. Under the agreement, the Chinese companies will provide design, development engineering and consulting services for projects in
Croatian oil and gas company INA-INDUSTRIJA NAFTE, d.d. (INA) plans to diversify into renewable energy and is specifically considering offshore wind and solar energy developments in the country. At an energy conference held on 26 January, INA’s Director of Strategic Operations and Public Affairs, Hr
Dutch oil and gas major Shell has agreed to take a majority stake in a 1 GW floating wind project offshore Ireland. Shell New Energies, the renewable energy trading, generation, and supply arm of Shell, has signed an agreement with Simply Blue Energy to acquire 51 per cent in Simply Blue Energy’s Ki
Statkraft, Aker Offshore Wind and Aker Horizons have signed a cooperation agreement to explore offshore wind opportunities in Norway. The companies will work together to explore the possibility to develop, operate and deliver power from commercial-scale offshore wind projects in Norway. The cooperat
MAATS Tech has secured a contract with VARD to deliver cable lay equipment for Van Oord’s new cable laying vessel (CLV). “I am immensely proud of the team effort that has gone into winning this contract and continues our track record in providing this type of equipment in the cable industry, already
Fugro and NYK Group have signed a strategic Memorandum of Understanding (MoU) with Japanese geoscience specialist OYO Corporation (OYO). Back in November 2020, Fugro and NYK signed an MoU to jointly provide offshore geotechnical services in Japan, with an option to jointly operate a specialist inves
HSBC has issued a green trade finance facility raising USD 48 million (around EUR 40 million) for UAE-based Lamprell to support the company’s fabrication work for the Seagreen offshore wind farm in Scotland. The facility, for which HSBC was the sole arranger, is the first green guarantee in the Midd
Dutch company Safeway and the UK-based Tyne Gangway have signed a cooperation agreement, which will see Tyne Gangway supporting Safeway in the Port of Tyne and the UK. The UK company, specialising in design and manufacturing of marine access systems, will provide the aluminium inner and outer boom a
The European Investment Bank (EIB) has signed a financing agreement with Iberdrola to support the company’s two-year innovation, research and development strategy for renewables with EUR 100 million. Iberdrola will use the funds for R&D in renewables, the production of green hydrogen and the develop
