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Business & Finance

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Vattenfall Wins Danish Tender for Two New Offshore Wind Sites
Business & Finance

Vattenfall Wins Danish Tender for Two New Offshore Wind Sites

Vattenfall has been selected as the winning bidder to develop the Nordsøen Midt (North Sea I Mid) and Hesselø offshore wind farms in Denmark’s latest tender. The two projects are scheduled to be fully operational by 2032 and will have a combined capacity of at least 1.8 GW, enough to generate electr

about 1 month ago
North Star Secures EUR 321 Million Financing to Support Offshore Wind Fleet Expansion
Business & Finance

North Star Secures EUR 321 Million Financing to Support Offshore Wind Fleet Expansion

North Star has secured a GBP 275 million (approximately EUR 321 million) debt financing package to support the expansion of its offshore wind fleet. The financing fully covers the company’s existing shipbuilding commitments and provides additional capital for future vessel acquisitions and newbuild

about 1 month ago
Windward Offshore Takes Delivery of Third CSOV from Vard
Business & Finance

Windward Offshore Takes Delivery of Third CSOV from Vard

about 1 month ago
Japan’s First Coastal Deck Carrier for Offshore Wind Foundation Transport Completed
Business & Finance

Japan’s First Coastal Deck Carrier for Offshore Wind Foundation Transport Completed

Japan’s first coastal deck carrier, purpose-built to transport offshore wind turbine foundation components, has been completed, with Mitsui O.S.K. Lines (MOL), MOL Drybulk and MOL Coastal Shipping holding a naming and completion ceremony for the vessel, named Wind Whale, on 29 July in Nagasaki. Wind

about 1 month ago
France Selects Five Ports for EUR 260 Million Floating Wind Infrastructure Boost
Business & Finance

France Selects Five Ports for EUR 260 Million Floating Wind Infrastructure Boost

The French government has selected five ports to receive nearly EUR 260 million in funding under the France 2030 investment programme to upgrade infrastructure supporting the country’s floating offshore wind industry. The selected ports are Cherbourg, Brest, Nantes-Saint Nazaire, Port-la-Nouvelle, a

about 1 month ago
Seatrium Starts Building UK Hub, New Facility to Support Delivery of TenneT 2 GW and Sofia Offshore Wind Projects
Business & Finance

Seatrium Starts Building UK Hub, New Facility to Support Delivery of TenneT 2 GW and Sofia Offshore Wind Projects

Seatrium Offshore Renewable Services (ORS) has started construction of a new offshore wind operations hub in Lowestoft, UK. The company says the investment strengthens Seatrium ORS’ operational capability as demand grows for offshore project delivery, hook-up, commissioning, logistics and lifecycle

about 1 month ago
RWE Raises 2026, 2027 Offshore Wind Earnings Outlook After First-Half Results ‘Exceed Market Expectations’
Business & Finance

RWE Raises 2026, 2027 Offshore Wind Earnings Outlook After First-Half Results ‘Exceed Market Expectations’

RWE has raised its full-year 2026 earnings outlook for its Offshore Wind division after the business delivered stronger-than-expected results in the first half of the year, driven by higher electricity generation under more favourable wind conditions, according to the company. Based on preliminary f

about 1 month ago
A photo of Saipem's S7000 vessel installing a floating wind turbine
Business & Finance

Saipem-Subsea7 Merger Under Microscope as EU Flags Competition Concerns

A proposed merger between Saipem and Subsea7 is facing deeper scrutiny in the European Union (EU) over offshore market concentration due to subsea umbilicals, risers, and flowlines (SURF) and carbon capture and storage (CCS) market dominance, potentially threatening to undermine competition, raise c

about 1 month ago
Gasunie Launches Tender for 10-Year Offshore Wind PPA in Netherlands
Business & Finance

Gasunie Launches Tender for 10-Year Offshore Wind PPA in Netherlands

Dutch gas infrastructure company Gasunie has launched a public tender seeking a long-term power purchase agreement (PPA) from a new-build offshore wind farm as part of its target to source 40 per cent of its energy from carbon-free sources by 2030. Through the tender, Gasunie is seeking to procure 4

about 1 month ago
GEOxyz Brings Survey Expertise to South Korea Through Local Partnership
Business & Finance

GEOxyz Brings Survey Expertise to South Korea Through Local Partnership

Belgium-headquartered GEOxyz is bringing its capabilities to South Korea with the establishment of a strategic partnership with local companies for the provision of offshore survey services. GEOxyz reported today, 23 July, that it had signed a memorandum of understanding (MoU) with SKY Offshore and

about 1 month ago
BW Ideol, NGE Partner on Floating Wind Foundation Manufacturing Facility in Southern France
Business & Finance

BW Ideol, NGE Partner on Floating Wind Foundation Manufacturing Facility in Southern France

BW Ideol and French construction group NGE have signed an exclusive partnership agreement to jointly develop the Fos3F floating wind foundation manufacturing project in Fos-sur-Mer. Under the agreement, the two companies will each hold a 50 per cent stake in Fos3F, which aims to establish a serial p

about 1 month ago
Smulders Taps Palfinger for East Anglia Two Davit Cranes
Business & Finance

Smulders Taps Palfinger for East Anglia Two Davit Cranes

Palfinger has secured a contract from Smulders to supply 64 davit cranes for ScottishPower Renewables’ East Anglia Two offshore wind farm in the UK. Under the contract, the Austrian company will deliver one PF 160-5m davit crane for each of the project’s 64 wind turbines by the end of 2026. The late

about 1 month ago
Wind Multiplikator Rebrands as Semco Maritime Offshore Wind Service
Business & Finance

Wind Multiplikator Rebrands as Semco Maritime Offshore Wind Service

Wind Multiplikator GmbH has officially changed its name to Semco Maritime Offshore Wind Service GmbH, completing the integration process following Semco Maritime’s acquisition of the German offshore wind service company in 2023. The rebranding brings Wind Multiplikator’s activities under the Semco M

about 1 month ago
Siemens Gamesa Books Two CSOVs from Marco Polo Marine for Taiwan Offshore Wind Work
Business & Finance

Siemens Gamesa Books Two CSOVs from Marco Polo Marine for Taiwan Offshore Wind Work

Marco Polo Marine’s offshore wind subsidiary, PKR Offshore (PKRO), has signed a framework agreement with Siemens Gamesa Renewable Energy for the charter of two commissioning service operation vessels (CSOVs) to support offshore wind projects in Taiwan. The agreement will initially run for two years

about 1 month ago
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