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Business & Finance

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A photo of the Burbo Bank Extension offshore wind farm in the UK
Business & Finance

UK Gauging Offshore Wind Business Opportunities in US

Xodus has completed an analysis of the US offshore wind industry to determine potential opportunities for UK companies to enter the offshore wind market across the pond. According to the study, a rapid expansion in products and services is currently required to deliver projects on time and on budget

about 5 years ago
An image rendering GE's new blade manufacturing plant in Teesside
Business & Finance

GE’s New Blade Manufacturing Plant in UK Approved

GE Renewable Energy has received the official planning approval from local authorities for its manufacturing plant in Teesside, UK, where LM Wind Power will operate the facility which will be dedicated to the production of its 107-metre-long blades for GE’s Haliade-X offshore wind turbines. The cons

about 5 years ago
Nexans crew on a beach with Nexans cable laying vessel at sea
Business & Finance

Nexans in Export Cable Talks for Major UK Offshore Wind Project

Nexans revealed on 10 September that the company had entered into exclusive negotiations for the supply and installation of both onshore and offshore export cables for an offshore wind project in the UK. The cable manufacturer has not disclosed any specifics about the project and its client, noting

about 5 years ago
GWEC Expects Record Year in Offshore Wind Installations
Business & Finance

GWEC Expects Record Year in Offshore Wind Installations

The Global Wind Energy Council (GWEC) expects 2021 to be the new record year for new offshore wind capacity installed globally. Last year, 6.1 GW of offshore wind capacity were installed globally, a slight decrease from a record 6.24 GW in 2019. With China’s offshore wind sector rushing to install 7

about 5 years ago
The Burbo Bank offshore wind farm in the UK
Business & Finance

GBP 3 Million Available for Innovative UK Offshore Wind Supply Chain Projects

The UK’s Offshore Wind Growth Partnership (OWGP) has launched a GBP 3 million (around EUR 3.5 million) funding programme available for UK offshore wind supply chain companies with a focus on projects in the offshore wind consenting and site development process. Innovation grants of between GBP 25,00

about 5 years ago
JDR Adopts Resonant Test Tech for 66kV Inter-Array Cables
Business & Finance

JDR Adopts Resonant Test Tech for 66kV Inter-Array Cables

JDR Cable Systems has adopted HIGHVOLT Prüftechnik Dresden’s Resonant Test System (RTS) for testing inter-array cables at offshore wind projects. The test system is purpose-built for post-installation testing of 66 kV offshore inter-array cables according to the international standard IEC 63026. T

about 5 years ago
A photo of maintenance work on top of an offshore wind turbine
Business & Finance

Deutsche Windtechnik Sets Up Offshore Ops in UK

Deutsche Windtechnik has established an offshore wind maintenance business unit in the UK, following the same move the company did in the onshore segment in 2016. The German company’s new unit in the UK, Deutsche Windtechnik Offshore Ltd., began operations on 1 August and is managed as an independen

about 5 years ago
Tekmar and DeepWater Buoyancy Ink Floating Wind MoU
Business & Finance

Tekmar and DeepWater Buoyancy Sign Offshore Wind MoU

Tekmar Group and DeepWater Buoyancy have signed a Memorandum of Understanding (MoU) to work together in the offshore wind sector. The partnership is focused on the new and emerging floating offshore wind market which has an exponential growth forecast of 10 GW installed capacity by 2030, the compani

about 5 years ago
Siemens Gamesa' factory in Hull
Business & Finance

Siemens Gamesa to Double Hull Blade Factory

Siemens Gamesa will expand its offshore blade factory in Hull, England by 41,600 square metres, more than doubling the size of the manufacturing facilities. The expansion represents an investment of GBP 186 million and is planned to be completed in 2023. A portion of the investment will be funded th

about 5 years ago
GRI Renewable Industries
Business & Finance

GRI Renewable Industries to Build Offshore Wind Turbine Tower Factory in Hull

GRI Renewable Industries will build an offshore wind turbine tower factory at Able Marine Energy Park, Hull, the UK. The Madrid-headquartered tower manufacturer will invest GBP 78 million in the new factory which is expected to create up to 260 direct jobs. GRI Renewable Industries plans to supply i

about 5 years ago
Seajacks Zaratan at Akita Noshiro
Business & Finance

Eneti to Acquire Seajacks, Exits Dry Bulk Sector

Eneti Inc.’s wholly-owned direct subsidiary entered into a binding agreement with Marubeni Corporation, INCJ, Ltd., and Mitsui O.S.K., Lines Ltd. under which Eneti will acquire 100 per cent of Atlantis Investorco Limited, the parent of Seajacks International Limited. Seajacks was founded in 2006 and

about 5 years ago
Hexicon Completes WaveHub Buy
Business & Finance

Hexicon Completes Wave Hub Buy

Swedish floating wind farm developer Hexicon has completed its acquisition of the Wave Hub renewable energy test site in Cornwall, South West England, paving the way for a GBP 100+ million floating demonstrator project in the Celtic Sea by 2025. The deal, first announced in May, sees Hexicon through

about 5 years ago
A bp facility with the company's logo
Business & Finance

Quaybridge to Help BP Advance Its Global Offshore Wind Portfolio

BP has formed an exclusive consultancy agreement with Quaybridge, under which the two companies will work together to advance BP’s global offshore wind portfolio and accelerate the building of the company’s in-house offshore wind knowledge. Quaybridge has already worked with BP as the company suppor

about 5 years ago
An image showing the Cerulean Winds development segments
Business & Finance

PX Group to Take On Onshore Part of Cerulean Winds’ Floating Wind-to-Hydrogen Project

Cerulean Winds has signed an agreement with px Group to support onshore green hydrogen plants and associated industrial infrastructure at sites in Scotland and England as part of its 200-turbine floating wind-to-hydrogen project in the North Sea. The UK operator of large-scale industrial facilities

about 5 years ago
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