Dry bulk shipping specialist Scorpio Bulkers will sell its remaining dry bulk vessels and exit the dry bulk sector during 2021 as the company shifts its focus to owning and operating offshore wind installation vessels. As a result of this decision, Scorpio Bulkers expects to record a write-down rang
Dominion Energy has submitted a Construction and Operations Plan (COP) to the U.S. Bureau of Ocean Energy Management (BOEM) for the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project. The COP includes information about the construction, operations and conceptual decommissioning plans for the wind
SEACOR Marine has entered into an agreement with Compagnie Maritime Belge (CMB) to sell its wholly-owned subsidiary Windcat Workboats and its crew transfer vessel (CTV) business. As consideration for the sale, at the closing of the transaction, CMB will pay SEACOR Marine GBP 32.8 million, and assume
Iberdrola has reached an agreement to acquire a 50% stake in Sea Wind, marking the company’s entry into the Polish offshore wind market. Sea Wind is said to have a seven-project pipeline in the early stages of development that has a potential capacity of up to 7.3 GW. According to Iberdrola, Sea Win
Vestas Wind Systems has entered into an agreement with Copenhagen Infrastructure Partners (CIP) to acquire a 25% stake in the company. Through the investment, Vestas said the aim is to further expand its presence in renewable project development and invest within areas of the renewables value chain
Copenhagen Infrastructure Partners (CIP) has invested in the development company 7 Seas Med, which has been developing a 250 MW floating wind project off the coast of Italy, in the Sicily Strait. CIP, Nice Technology and 7 Seas Wind Power have joined forces to develop the wind farm, for which 7 Seas
The U.S. Department of Energy (DOE) has awarded USD 21 million in funding for three projects supporting offshore wind energy technology demonstration and resource characterization. The projects will support offshore wind development by demonstrating innovative technologies not previously commerciall
RWE Supply & Trading and Ineos have entered into a long-term Power Purchase Agreement (PPA) for the Northwester 2 offshore wind farm in Belgium. RWE signed a long-term PPA with project developer Parkwind last year with plans to sell the electricity and guarantees-of-origin to its large industrial an
South Korea’s Doosan Heavy Industries & Construction has signed an agreement with the government of North Jeolla Province to cooperate on the construction of a 2.4 GW offshore wind project. The project will be developed off the southwestern coast between Gochang County and Buan County, with expected
The Netherlands-headquartered Ventolines has signed on as the offshore wind expertise partner for the Mayflower Wind project in Massachusetts. Ventolines will provide transport and installation expertise on the substation, foundations, inter-array cables, and wind turbines. The Dutch company has als
GE Renewable Energy has placed an order with the joint venture of Louis Dreyfus Armateurs and Tidal Transit for two crew transfer vessels (CTVs) for the Saint-Nazaire offshore wind project in France. The joint venture LD Tide selected naval architects MAURIC to design the CTVs and French shipyard OC
Atlantic Shores Offshore Wind has entered into a partnership with South Jersey Industries (SJI) to collaborate on a green hydrogen pilot project in New Jersey. The two parties signed a Memorandum of Understanding (MoU) to explore using the excess electricity generated from offshore wind projects to
The Netherlands and Denmark have signed an Agreement of Intent (AoI) to together explore opportunities for an offshore energy hub in the North Sea. Under the deal, TenneT, Gasunie and Energinet will carry out further research on the development of the joint energy hub for connecting offshore wind fa
RWE Renewables has signed a Power Purchase Agreement (PPA) with E.ON UK for the electricity produced by the Humber Gateway offshore wind farm in the UK. E.ON UK will offtake 100% of the project’s electricity from 2022 until 2035, which also includes the Renewable Obligation Certificates (ROCs). The
