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Business & Finance

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EventsFeaturedHeadlinesOEEC ContentPress releasesBusiness developmentFixed-BottomGreen HydrogenPower-to-XWind Farm UpdateAuthoritiesPlanning & PermittingFloating WindProject UpdatesContracts & TendersSupply ChainTechnologyResearch & DevelopmentR&DCollaborationOutlook & StrategyWind Turbines
The Final Countdown: Preparing for OEEC 2025
Business & Finance

The Final Countdown: Preparing for OEEC 2025

[PRESS RELEASE BY NAVINGO BV] The energy is rising as we enter the final countdown to the 18th edition of the Offshore Energy Exhibition & Conference (OEEC), taking place on 25–26 November at RAI Amsterdam. In less than one week, thousands of professionals from across the offshore energy sector will

about 11 months ago
Shell Buys Offshore Wind Power for New Electrolyser Plant in Germany
Business & Finance

Shell Buys Offshore Wind Power for New Electrolyser Plant in Germany

Shell has signed a five-year power purchase agreement (PPA) with Nordsee One GmbH, a joint venture between Northland Power (85 per cent) and RWE (15 per cent), for the Nordsee One offshore wind farm in Germany. Under the PPA, which will take effect from June 2027, Shell will offtake approximately on

about 11 months ago
Baltic East Orlen Group
Business & Finance

Orlen Secures Environmental Permit for 1 GW Polish Offshore Wind Farm

Orlen Group has secured the environmental permit for its 1 GW Baltic East offshore wind farm in Poland from the Regional Directorate for Environmental Protection in Gdańsk. This milestone brings the project closer to participation in the first Polish offshore wind auction, scheduled for December thi

about 11 months ago
Berlin Looks to Acquire Minority Stake in TenneT Germany with Multi-Billion Plan
Business & Finance

Berlin Looks to Acquire Minority Stake in TenneT Germany with Multi-Billion Plan

Germany has earmarked a budget ceiling of EUR 7.6 billion for the possible purchase of a minority stake in the German arm of transmission system operator (TSO) TenneT, subject to parliamentary approval. Reuters reported on 12 November 2025 that Germany intends to spend over multiple years to acquire

about 11 months ago
South Korea Jeonnam 1 COP CIP First Power
Business & Finance

CIP Presses Ahead with 1.5 GW Floating Wind Project in South Korea

Haewoori Offshore Wind has obtained approval for the Marine Traffic Safety Assessment (MTSA) from the Ministry of Oceans and Fisheries for its 1.5 GW floating wind project in South Korea. The developer said that this is a result of years of close collaboration with the ministry and related authoriti

about 11 months ago
2.4 GW New Jersey Offshore Wind Project Axed by Developers
Business & Finance

2.4 GW New Jersey Offshore Wind Project Axed by Developers

The developer of the 2.4 GW Leading Light offshore wind project has informed the New Jersey Board of Public Utilities (NJBPU) that it will not move forward with the project. In a letter filed with NJBPU, the developers, Invenergy and energyRE, said that the company has faced a series of obstacles in

about 11 months ago
Ørsted to License Low-Noise Monopile Installation Tech, Signs First Agreement with Luxcara
Business & Finance

Ørsted to License Low-Noise Monopile Installation Tech, Signs First Agreement with Luxcara

Luxcara has signed a preferred supplier agreement with Ørsted for their low-noise jetting-based monopile installation technology platform called Osonic, which will be used for offshore wind turbine foundations across Luxcara’s offshore wind portfolio in Germany. This is the first preferred supplier

about 11 months ago
A photo of an offshore wind farm
Business & Finance

Northland Power Flags Potential 2026 Revenue Hit from Slower Hai Long Turbine Commissioning

The slower-than-expected turbine commissioning at the Hai Long offshore wind farm in Taiwan could impact Northland Power’s pre-completion revenues by approximately CAD 150 million to CAD 200 million in 2026, the company announced in its third-quarter 2025 results. Over half of the turbines are now i

about 11 months ago
Eneco Picks Maintenance Partner for 120 MW Dutch Offshore Wind Farm
Business & Finance

Eneco Picks Maintenance Partner for 120 MW Dutch Offshore Wind Farm

Eneco has selected Deutsche Windtechnik as its new maintenance partner for the 120 MW Prinses Amalia offshore wind farm in the Netherlands. The contract will run from January 2026 until the offshore wind farm’s end of life. Under the agreement, Deutsche Windtechnik will provide full-scope maintenanc

about 11 months ago
Ørsted Achieves 2025 Decarbonisation Target, Slashes Emissions by 98 Per Cent
Business & Finance

Ørsted Achieves 2025 Decarbonisation Target, Slashes Emissions by 98 Per Cent

Ørsted has reduced its carbon emissions by 98%, becoming the first energy company in the world to achieve its science-based 2025 decarbonisation target, the Danish firm announced on 12 November. Renewable energy accounts for 99 per cent of the company’s energy production, while its scope 1 and scope

about 11 months ago
A photo of Mooreast's upgraded water-front facility at 51 Shipyard Road in Singapore
Business & Finance

Mooreast Eyes Up to 500 MW Floating Renewables Opportunity in Southeast Asia

Singapore-based Mooreast has started feasibility studies to develop up to 500 MW of floating renewable energy projects in Timor-Leste in Southeast Asia. The feasibility studies have been confirmed to progress after Mooreast entered into a Letter of Intent (LOI) with Secretario de Estado de Electrici

about 11 months ago
Shell Confirms MarramWind Project Exit, Return of 2 GW Floating Wind Site to Crown Estate Scotland
Business & Finance

Shell Confirms MarramWind Project Exit, Return of 2 GW Floating Wind Site to Crown Estate Scotland

Shell and ScottishPower Renewables (SPR) have swapped their stakes in two joint floating offshore wind projects in Scotland, with SPR acquiring full ownership of the 3 GW MarramWind and Shell becoming the sole owner of the 2 GW CampionWind project. After the swap, Shell returned the CampionWind leas

about 11 months ago
Mingyang to Test 18.5 MW Offshore Wind Turbine Component at ORE Catapult’s UK Facility
Business & Finance

Mingyang to Test 18.5 MW Offshore Wind Turbine Component at ORE Catapult’s UK Facility

Mingyang Smart Energy and the UK’s Offshore Renewable Energy (ORE) Catapult have signed a contract to provide testing and validation of the main bearing for Mingyang Smart Energy’s 18.5 MW offshore wind turbine. The test piece is scheduled to arrive at ORE Catapult’s National Renewable Energy Centre

about 11 months ago
BuhaWind Mingyang
Business & Finance

Mingyang, BuhaWind Collarabote on 2 GW Offshore Wind Plans in Philippines

China’s Mingyang Smart Energy has signed a Memorandum of Understanding (MoU) with BuhaWind Energy Northern Luzon Corporation (BENLC) for a joint feasibility study on BENLC’s planned 2 GW offshore wind project in the Philippines. Under the MoU, the two companies will jointly explore the suitability o

about 11 months ago
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