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Business & Finance

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J-Power floating wind project WHEEL
Business & Finance

Japanese Company Takes Part in Spain’s Floating Wind Demonstration Project

Japan’s Electric Power Development, also known as J-Power, has joined the WHEEL floating offshore wind demonstration project in Spain. The WHEEL demonstration project is led by the Madrid-headquartered company Esteyco. WHEEL will feature one turbine installed three kilometres off the eastern coast o

about 1 year ago
A photo of the rotor part of a Siemens Gamesa offshore wind turbine
Business & Finance

Siemens Gamesa and Japan Form Offshore Wind Alliance

Japan’s Ministry of Economy, Trade and Industry (METI) and Siemens Gamesa have established a cooperative framework to facilitate dialogue and collaboration on developing offshore wind turbine supply chains, both within Japan and in international markets. The aim of this cooperation framework is the

about 1 year ago
PGE Baltica CRIST WIKE Baltic Industrial Group
Business & Finance

PGE Baltica and Polish Companies to Collaborate on Offshore Wind Vessel Construction

PGE Baltica, a subsidiary of the PGE Group, has signed a letter of intent with CRIST, its special-purpose company WIKE, and the Baltic Industrial Group to cooperate on the construction of offshore wind installation and service vessels. CRIST, WIKE, and the Baltic Industrial Group signed a letter of

about 1 year ago
US Warns UK Over Mingyang’s Proposed Wind Turbine Factory, Chinese Analyst Says National Security Concerns ‘Guise for Protectionism’ – Reports
Business & Finance

US Warns UK Over Mingyang’s Proposed Wind Turbine Factory, Chinese Analyst Says National Security Concerns ‘Guise for Protectionism’ – Reports

The Trump administration has warned the UK government about security risks as Mingyang Smart Energy plans to build a factory in Scotland to manufacture wind turbines for North Sea offshore wind farms, according to a report by the Financial Times, citing a US official. A Chinese analyst has commented

about 1 year ago
Pacifico Energy Korea
Business & Finance

Pacifico Energy Korea Partners with Local Governments on 3.2 GW Offshore Wind Project

Pacifico Energy Korea has signed an agreement with three local governments to explore practical cooperation measures for administrative support of its 3.2 GW offshore wind cluster project currently under development in Jundo-gun, Jeollanam-do, and to help establish an offshore wind industry ecosyste

about 1 year ago
Worley Ventyr
Business & Finance

Ventyr Awards Substation Contract for Norway’s First Commercial Offshore Wind Farm

Ventyr, a consortium consisting of Parkwind and Ingka Investments, has awarded Worley Rosenberg a preferred contractor agreement for the development of the offshore substation of the Sørlige Nordsjø II (Southern North Sea II) offshore wind farm in Norway. In addition to the preferred contractor agre

about 1 year ago
Vineyard Wind 1
Business & Finance

US Federal Judge to Allow Multi-State Lawsuit Against Offshore Wind Halt to Proceed

A US federal judge in Massachusetts has tentatively accepted the lawsuit filed by 18 state attorneys general challenging the presidential memorandum issued on 20 January that halts leasing and permitting for wind energy projects, and calls for reviews of existing permits. The case is, however, likel

about 1 year ago
France CTV TSM Windcat Dieppe Noirmoutier
Business & Finance

French Developer Inks CTV Deals for Two Offshore Wind Farms

Les Éoliennes en Mer Services, a consortium of Ocean Winds, Sumitomo Corporation, and Caisse des Dépôts, has signed contracts with TSM Windcat for the deployment of crew transfer vessels (CTVs) on two offshore wind farms. Two of TSM Windcat’s hydrogen-ready MK3.5 CTV models are going to be deployed

about 1 year ago
Sheringham Shoal
Business & Finance

Statkraft Drops Plan to Bid in Norway’s Floating Wind Tender, Stops Activities in New Offshore Wind Projects

Statkraft will stop further activities in new offshore wind projects, including the upcoming allocation round for floating wind projects at Utsira Nord in Norway, but will continue the development of the North Irish Sea Array (NISA), the Norwegian company said on 18 June. The move comes as Statkraft

about 1 year ago
Akira Energy TenneT
Business & Finance

Dutch Company to Design Jackets for BalWin3 and LanWin2 Offshore Grid Connections

KCI the engineers, a subsidiary of Sif Group, has been awarded a contract for the design of the substructures for LanWin2 and BalWin3 HVDC platforms, part of TenneT’s 2 GW offshore grid connection programme. KCI will deliver jacket structural analysis for LanWin2 and BalWin3, covering the full engin

about 1 year ago
Crown Estate to Invest GBP 350 Million in Construction of New Port, Supply Chain Infrastructure for UK Offshore Wind
Business & Finance

Crown Estate to Invest GBP 350 Million in Construction of New Port, Supply Chain Infrastructure for UK Offshore Wind

The Crown Estate is setting up a new Supply Chain Investment Programme worth GBP 350 million (approximately EUR 410 million) to invest in the construction of new port and supply chain infrastructure that will support accelerated delivery of UK offshore wind projects, the UK seabed manager said on 17

about 1 year ago
Seagreen offshore wind farm fully operational
Business & Finance

TotalEnergies Winner of German 1 GW Offshore Wind Auction

TotalEnergies has been selected as the winner of the latest German tender for the N-9.4 offshore wind site in the North Sea, which can accommodate 1 GW of installed offshore wind capacity. TotalEnergies, through its subsidiary Offshore Wind One GmbH, submitted the winning bid in an auction that attr

about 1 year ago
Flotation Energy exclusivity agreements Cenos Green Volt
Business & Finance

Cenos Floating Wind Farm Wraps Up NorthConnect Deal

NorthConnect has been acquired by the developers of the Cenos Offshore Windfarm, a 1.4 GW floating wind project in Scotland led by Flotation Energy and Vårgrønn. In a recent social media post, Vårgrønn said that the acquisition of NorthConnect marks a key milestone in the development of the floating

about 1 year ago
‘Unprecedented Expansion’ of Heavy-Lift Vessels Needed for Europe Not to Miss Offshore Wind Targets, Report Says
Business & Finance

‘Unprecedented Expansion’ of Heavy-Lift Vessels Needed for Europe Not to Miss Offshore Wind Targets, Report Says

Europe’s aim of achieving 300-400 GW of offshore wind by 2050 means more than 10,000 wind turbines need to be installed at sea, as well as other necessary infrastructure—and this is likely to be out of reach unless the offshore energy construction industry is at the forefront of government plans, ac

about 1 year ago
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