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Business & Finance

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FeaturedHeadlinesFixed-BottomGrid ConnectionProject UpdatesWind Farm UpdateContracts & TendersSupply ChainFoundationsCablesOffshore PlatformsOperations & MaintenanceAuthoritiesPlanning & PermittingBusiness developmentFloating WindResearch & DevelopmentCollaborationOutlook & StrategyVesselsWind TurbinesPorts & Logistics
Haesong KEPCO
Business & Finance

Grid Interconnection Deal Sealed for 1 GW South Korean Offshore Wind Projects

Haesong Offshore Wind Company has signed a grid interconnection agreement with Korea Electric Power Corporation (KEPCO) for the Haesong Offshore Wind 1 and Haesong Offshore Wind 3 projects. Haesong Offshore Wind 1 and 3 projects are managed and funded by Copenhagen Infrastructure Partners (CIP), whi

about 1 year ago
Mammoet Heerema TenneT
Business & Finance

Mammoet to Assist Heerema with Topsides Installation for Tennet 2 GW Programme

Mammoet has signed a support agreement for TenneT’s 2 GW offshore grid programme to assist Heerema Marine Contractors with the offshore installation of two large topsides. Under the agreement, Mammoet will help to prepare the two topsides for floatover operations by skidding the units from HVT to th

about 1 year ago
Synera Formosa 2
Business & Finance

Local Manufacturer to Supply Foundations for Taiwan’s Formosa 4 Offshore Wind Farm

Synera Renewable Energy (SRE) has awarded a contract to Century Wind Power (CWP) to supply wind turbine foundations for the 495 MW Formosa 4 offshore wind farm in Taiwan. Under the contract, the Taiwan-based company will supply 35 jacket foundations for Formosa 4 and be responsible for the overall c

about 1 year ago
Haesong LS Cable
Business & Finance

LS Cable & System Preferred Supplier for 1 GW South Korean Offshore Wind Farm

LS Cable & System has been named the preferred supplier of subsea cables for the 1 GW Haesong offshore wind farm in South Korea. LS Marine Solution, a subsidiary of LS Cable & System, was also selected as the preferred bidder for installation works. Together, the two companies will deliver a fully i

about 1 year ago
Semco Maritime Baltic Hub Iberdrola
Business & Finance

Semco Maritime Wins Service Contracts for Iberdrola’s Baltic Hub Substations

Iberdrola has awarded Semco Maritime two offshore service contracts, with options for extension, on the above-water scheduled and unscheduled maintenance of electro-mechanical equipment at two offshore substations in the Baltic Hub. The Baltic Hub currently consists of two offshore wind farms, the 3

about 1 year ago
OEG and Inch Cape
Business & Finance

OEG to Support Inch Cape Offshore Wind Farm Construction

OEG has won a multi-million-pound contract to support the construction phase of the 1.1 GW Inch Cape offshore wind farm in Scotland until the project becomes operational in 2027. Under the contract, OEG will supply an integrated package of specialist topside and marine services, including marine coo

about 1 year ago
Cadeler Huisman A-Class vessels
Business & Finance

Ørsted’s Contract with Cadeler for Wind Farm Installation Vessel Terminated

Denmark’s Cadeler has received a notice of termination from Ørsted in relation to the long-term agreement for one of its wind farm installation vessels. A long-term charter agreement for an A-Class wind farm installation vessel was disclosed by Ørsted on April 8, 2024, securing operational capacity

about 1 year ago
Middelgrunden
Business & Finance

25-Year-Old Danish Offshore Wind Farm Gets Approval to Operate for 25 More Years

After approving the production permit extension for the Samsø offshore wind farm earlier this month, the Danish Energy Agency (DEA) has now granted extended permits to two more of Denmark’s oldest offshore wind farms, Middelgrunden and Nysted. To support its decisions, the DEA has requested that the

about 1 year ago
Akira Energy TenneT
Business & Finance

TenneT Taps Akira Energy for Offshore Grid Support in Netherlands

The Dutch offshore transmission system operator (TSO) TenneT has signed a framework agreement with its compatriot Akira Energy for ‘Offshore Grid NL – Client Representative Services at Sea’. Through this collaboration, Akira Energy will provide experienced offshore client representatives, supporting

about 1 year ago
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
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