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Business & Finance

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Northern Offshore Services Adding Twelve New Hybrid CTVs to Its Fleet
Business & Finance

Northern Offshore Services Adding Twelve New Hybrid CTVs to Its Fleet

Northern Offshore Services (N-O-S) has ordered a total of twelve E-class crew transfer vessels (CTVs), with four already on the way and eight more now on order. N-O-S said via social media that this was one of the largest CTV orders in history, with the agreement also including several options for a

about 1 year ago
Arthur Kill Terminal
Business & Finance

US Transportation Dept Cancels Funding for 12 Offshore Wind Port Projects to ‘Invest in Real Infrastructure’

The US Department of Transportation (USDOT) has withdrawn or terminated funding for twelve offshore wind-related port projects, totalling USD 679 million (approximately EUR 580 million). These funds will be used, where possible, “to invest in real infrastructure, restoring American maritime dominanc

about 1 year ago
A photo of Equinor headquarters in Stavanger, Norway
Business & Finance

Equinor to Participate in Ørsted’s Rights Issue as 10 Pct Shareholder

Equinor plans to participate in Ørsted’s upcoming rights issue, worth around EUR 8 billion, and maintain its 10 per cent ownership stake in the Danish offshore wind developer. On 1 September, Equinor said that, subject to the final terms of the rights issue, it intends to subscribe for new shares at

about 1 year ago
Dansk Polyglas Nordlicht 1
Business & Finance

Danish Company to Supply TP Covers for Vattenfall’s Nordlicht 1 Offshore Wind Farm

The Danish company, Dansk Polyglas, has been awarded a contract by CS Wind Offshore to supply transition piece (TP) covers for Vattenfall’s Nordlicht 1 offshore wind farm in the German North Sea. Under the contract, Dansk Polyglas will deliver TP covers for all 68 transition pieces, manufactured by

about 1 year ago
Green Volt
Business & Finance

OWC Wins Green Volt Cable Engineering Contract

The renewable energy consultancy OWC has been awarded a contract to provide cable engineering support to the Green Volt floating offshore wind farm in Scotland, developed by Flotation Energy and Vårgrønn. OWC’s scope of work includes cable engineering for both offshore and onshore cables. The subsea

about 1 year ago
G-Tec Wins ELWIND Geophysical Survey Contract
Business & Finance

G-Tec Wins ELWIND Geophysical Survey Contract

Belgium-headquartered G-Tec has won a contract to conduct a geophysical survey for ELWIND, the Estonian-Latvian cross-border offshore wind project. The company, under a contract worth a little over EUR 3.6 million, will perform a geophysical survey and ground model development for the ELWIND offshor

about 1 year ago
Mitsubishi headquarters in Tokyo, Shoji Building
Business & Finance

Mitsubishi Decides to Exit Three Offshore Wind Projects in Japan

Mitsubishi Corporation has decided to withdraw from three offshore wind projects in Japan for which the company secured sites in 2021. In December 2021, consortia led by Mitsubishi Corporation’s subsidiary Mitsubishi Corporation Offshore Wind were selected to develop all of the projects offered in J

about 1 year ago
Orsted Hornsea 3 vessels
Business & Finance

Ørsted Assembles Air & Sea Fleet for Hornsea 3 Offshore Construction

Ørsted has finalised contracts for vessels and helicopters that will support the construction of the 2.9 GW Hornsea 3 offshore wind farm in the UK. A newbuild service operation vessel (SOV), Esvagt James Blythe, currently under construction, is one of ten transportation vehicles that will work on th

about 1 year ago
PALFINGER MARINE supplies service cranes for Poland's largest offshore wind farm.
Business & Finance

Palfinger to Deliver Cranes for Poland’s Baltica 2 Offshore Wind Farm

Palfinger Marine has been selected to supply more than 100 fully electric fixed boom service cranes for the 1.5 GW Baltica 2 offshore wind farm in Poland, developed by PGE and Ørsted. A total of 107 fully electric fixed boom service cranes will be installed on the service platforms of each turbine,

about 1 year ago
Mingyang Aphae
Business & Finance

Mingyang Confirms Its Tech No Longer Planned for Waterkant Project

Mingyang Smart Energy has confirmed it is no longer involved in the 300 MW Waterkant offshore wind farm, developed by Luxcara, which just signed an agreement with Siemens Gamesa for a 1.5 GW project and said it was considering the same technology for Waterkant. Luxacra entered into a preferred suppl

about 1 year ago
Visualization of Salamander Offshore Wind Farm with Odfjell Oceanwind’s Deepsea Star technology
Business & Finance

Odfjell Oceanwind Acquires Ørsted’s Majority Stake in Scottish Floating Wind Project

Odfjell Oceanwind (OOW) has acquired Ørsted`s 80 per cent share in the Salamander floating wind project in Scotland. The 100 MW demonstration floating wind farm, which recently received consent from the Scottish government, will now be owned by Odfjell Oceanwind, Simply Blue Group and Subsea7. Salam

about 1 year ago
Marco Polo Marine’s Subsidiary Plans Taiwan Listing to Expand Offshore Wind Fleet
Business & Finance

Marco Polo Marine’s Subsidiary Plans Taiwan Listing to Expand Offshore Wind Fleet

Marco Polo Marine’s subsidiary, PKR Offshore, is targeting a listing in Taiwan to raise funds to grow its fleet of offshore wind vessels. PKR Offshore, which is 49 per cent owned by Singapore’s Marco Polo Marine, plans to submit its listing application by the third quarter of 2026. The move is said

about 1 year ago
Ørsted Moving Ahead with EUR 8 Billion Rights Issue to Build Sunrise Wind, Shore Up Finances Amid US Market Uncertainty
Business & Finance

Ørsted Moving Ahead with EUR 8 Billion Rights Issue to Build Sunrise Wind, Shore Up Finances Amid US Market Uncertainty

Ørsted has appointed a syndicate of BNP PARIBAS, Danske Bank A/S and J.P. Morgan SE as Joint Global Coordinators, next to Morgan Stanley & Co International, for the planned DKK 60 billion (around EUR 8 billion; USD 9.4 billion) rights issue, proceeds of which will be used to fund the construction of

about 1 year ago
15 MW Siemens Gamesa Turbines for Coastal Virginia Offshore Wind Farm
Business & Finance

Luxcara Reserves Siemens Gamesa Turbines for 1.5 GW Waterekke, Eyes Switch from Mingyang’s for Neighbouring Project

Luxcara has signed a capacity reservation agreement with Siemens Gamesa for the delivery of 97 15 MW turbines for its Waterekke offshore wind project in Germany. The Hamburg-based company is also examining the use of the same Siemens Gamesa turbines for the 300 MW Waterkant offshore wind farm. The a

about 1 year ago
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