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Business & Finance

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A photo of Iberdrola's Wikinger offshore wind farm
Business & Finance

SPIE Inks Another Contract with Van Oord for Offshore Cable Work in Germany

Van Oord has signed a contract with SPIE Wind Connect, part of SPIE, for the termination and testing of inter-array cables at the 315 MW Windanker offshore wind farm in Germany. Under the contract, SPIE Wind Connect will be responsible for the termination and testing of 21 61 kV inter-array cables o

about 1 year ago
An image render of Gazelle Wind Power floating wind platform at sea
Business & Finance

Portuguese Conglomerate Investing in Gazelle Wind Power, Group Company to Manufacture Steel Structures for Floating Wind Demo Project

Floating wind technology developer Gazelle Wind Power has entered into a strategic agreement with the Portuguese conglomerate dstgroup, which will see dstgroup’s corporate venture capital firm, dstventures, investing EUR 1.5 million in Gazelle. Furthermore, dstgroup’s steel engineering and manufactu

about 1 year ago
Fugro to Survey Irish Seabed for Future Offshore Wind Farms
Business & Finance

Fugro to Survey Irish Seabed for Future Offshore Wind Farms

about 1 year ago
Horns Rev 3 Gets DNV GL Project Certificate
Business & Finance

KN Helicopters Wins EUR 30 Million Air Transport Tender for Vattenfall’s Danish, German Offshore Wind Farms

Vattenfall has selected Danish helicopter operator KN Helicopters for air transport to and from four of its offshore wind farms, two in Denmark and two in Germany. The contracts, which already started this summer, are estimated to be worth EUR 30 million (excluding VAT) in total. In Germany, KN Heli

about 1 year ago
Saint Brieuc inauguration
Business & Finance

Global Maritime to Provide Marine Services for Iberdrola’s Saint-Brieuc

Iberdrola has selected Norway-headquartered Global Maritime (GM) to provide marine services in support of operations and maintenance (O&M) on the 496 MW Saint-Brieuc offshore wind farm in France. As part of this agreement, Global Maritime will deliver a range of marine services, including vessel ins

about 1 year ago
Vineyard Wind damage
Business & Finance

GE Vernova to Pay Nantucket USD 10.5 Million for Losses Caused by Blade Debris

The Town and County of Nantucket in Massachusetts and GE Vernova have reached a settlement agreement worth USD 10.5 million (approximately EUR 9 million), which the wind turbine OEM will pay to compensate the Town and local businesses for losses resulting from the failure of a turbine blade on the V

about 1 year ago
Anma Offshore Wind FInal EIA
Business & Finance

LS Cable & System Signs Contracts for 532 MW Offshore Wind Farm in South Korea

LS Cable & System and its subsidiary LS Marine Solution have won contracts for the supply and installation of cables for the 532 MW Anma offshore wind project in South Korea. The contracts are worth KRW 255 billion (approximately USD 185 million). LS Marine Solution will be responsible for laying th

about 1 year ago
DNV to Certify Ventyr’s Offshore Wind Farm in Norway
Business & Finance

DNV to Certify Ventyr’s Offshore Wind Farm in Norway

DNV has been awarded a contract by Ventyr, a consortium consisting of Parkwind and Ingka Investments, for the Design Certification of the Sørlige Nordsjø II wind turbines and offshore substation in Norway. “Certification plays a vital role in ensuring the safety, quality, and reliability of offshore

about 1 year ago
Italy’s Ports of Augusta, Taranto to Become Offshore Wind Hubs
Business & Finance

Italy’s Ports of Augusta, Taranto to Become Offshore Wind Hubs

A decree has been approved by the Italian government to establish offshore wind manufacturing and assembly hubs at the ports of Augusta and Taranto. The total investment amounts to EUR 78.3 million, to be distributed over three years starting in 2025. Funding will come from the reallocation of reven

about 1 year ago
Greater Changhua 2
Business & Finance

Ørsted Finalises EUR 2.6 Billion Financing for Taiwan’s Greater Changhua 2 Offshore Wind Project

Ørsted has secured a finance package of approximately TWD 90 billion (about EUR 2.64 billion) for the 632 MW Greater Changhua 2 offshore wind project in Taiwan. The developer reached financial close on the project finance package with 25 banks and five Export Credit Agencies (ECAs). This is part of

about 1 year ago
‘Largest Offshore Wind Transaction of Decade’ | Iberdrola, Masdar Ink East Anglia Three Co-Investment
Business & Finance

‘Largest Offshore Wind Transaction of Decade’ | Iberdrola, Masdar Ink East Anglia Three Co-Investment

Spanish renewable energy developer Iberdrola and UAE clean energy company Masdar have signed an agreement to co-invest in the 1.4 GW East Anglia Three project in the UK through what the partners say is the largest offshore wind transaction of the decade. Under the agreement, after the closing of the

about 1 year ago
Sumitomo UK
Business & Finance

UK Gov’t and Sumitomo Sign GBP 7.5 Billion Clean Energy Investment Deal

The UK government and Japan’s Sumitomo Corporation have signed a memorandum of understanding, under which the company plans to invest GBP 7.5 billion (approximately EUR 8.7 billion) into infrastructure and renewable energy projects across the UK by 2035. The investment will be focused on key offshor

about 1 year ago
LS Marine Solutions Shinan Ui cable
Business & Finance

LS Marine Solution to Install Cables at 390 MW South Korean Offshore Wind Farm

LS Marine Solution has been selected as the preferred bidder for the submarine cable installation work at the Shinan Ui offshore wind project in South Korea. The 390 MW offshore wind farm is being developed by a consortium led by Hanwha Ocean and SK Eternics. Construction is scheduled to begin in 20

about 1 year ago
1 Pct of Global Offshore Wind Investments Could Restore Millions of Square Kilometres of Marine Ecosystems, Study Finds
Business & Finance

1 Pct of Global Offshore Wind Investments Could Restore Millions of Square Kilometres of Marine Ecosystems, Study Finds

Share this article Allocating just 1 per cent of the global offshore wind investments from now until 2050, which are projected to be USD 6...

about 1 year ago
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