The OEG Offshore group, a UK-based offshore energy services company, is set to launch a new division named OEG Renewables (OEGR) with the goal of providing integrated solutions to the offshore wind sector worldwide. The new division will combine specialist services from companies which OEG Offshore
Japanese giants Marubeni Corporation, Sumitomo Corporation, and Sumitomo Electric Industries have committed to investing a total of GBP 14.2 billion (approximately EUR 16.3 billion) in offshore wind and green hydrogen projects, and the offshore wind supply chain in the UK. Ahead of the UK Prime Mini
Energy UK has warned that the forthcoming Contracts for Difference (CfD) auction will fall well short of delivering the expansion of offshore wind needed to hit the UK government’s 2030 50 GW target. The CfD scheme has played a vital role in the UK’s world-leading expansion of clean energy, in parti
Eight UK businesses have secured a share of a GBP 2 million grant competition from the Offshore Wind Growth Partnership (OWGP). Projects included a focus on condition monitoring of turbine blades and inter-array electrical cables and biofouling prevention on turbine ladders. Other projects are explo
Nexans Norway has secured NOK 2 billion (around GBP 155 million) in loan guarantees from Export Finance Norway (Eksfin) that will be used for a UK export cable contract. The transaction covers the export and installation of high-voltage subsea cables for the Moray West offshore wind farm off the coa
UK energy market regulator Ofgem has received the application for an electricity interconnector license for the recently announced LionLink multi-purpose interconnector that will connect the UK and the Netherlands. The application was submitted by National Grid Lion Link Limited for a license that w
Moray West Offshore Wind Farm, owned by Ocean Winds and minority shareholder Ignitis Group, has secured GBP 2 billion of non-recourse project finance and reached financial close, the developers announced on 21 April and said this was the first project from the UK’s Contract for Difference (CfD) Allo
Norwegian renewable energy developers Vårgrønn and Å Energi, together with UK-based Corio Generation have entered into a partnership dedicated to developing sustainable offshore wind in Norway. The consortium will operate under the Brigg Vind brand, which was launched in the lead-up to the first Nor
The UK government has confirmed the budget of GBP 205 million (around EUR 233 million) for this year’s Contracts for Difference (CfD) scheme. Most of this budget in CfD Round 5, set to open for applications on 30 March, will be available for established technologies which, for the first time, includ
Floventis Energy has awarded Kent an Owner’s Engineer contract for its Llŷr 1 and 2 offshore wind farms in the Celtic Sea. On this project and in partnership with Vekta Group, Kent will provide multidisciplinary Owner’s Engineer support, covering CDM, hull and mooring, electrical, WTG, site layout,
Spanish wind turbine tower manufacturer Haizea Wind Group and ScottishPower, Iberdrola’s energy company in the UK, have signed an agreement worth more than EUR 200 million for the supply of 50 monopiles for the 1.4 GW East Anglia Three offshore wind farm. The monopiles will be delivered from Haizea’
Japan’s Daiwa Energy & Infrastructure, a strategic investment arm of Daiwa Securities Group, has acquired a minority stake in the 1.2 GW Hornsea One offshore wind farm in the UK. Daiwa Energy & Infrastructure announced the transaction on 10 March, saying that it is constructed on the company’s partn
Japan’s Inpex Corporation has acquired a 16.7 per cent stake in the 950 MW Moray East offshore wind farm. Moray East is located approximately 22 kilometers off the Moray East coast of Scotland in the United Kingdom. The wind farm has been in operation since April 2022. The acquisition was enabled th
UK ship repair, shipbuilding, and offshore construction company, Harland & Wolff, has terminated a contract with Saipem for the manufacture and delivery of jacket foundations for the 450 MW Neart na Gaoithe wind farm offshore Scotland. As previously reported, Saipem contracted Harland & Wolff to man
