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Business & Finance

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WEM Orders CTV Couple from Strategic Marine
Business & Finance

WEM Orders CTV Couple from Strategic Marine

The UK-based WEM Marine has ordered two new crew transfer vessels (CTVs) from Singapore’s shipbuilder Strategic Marine. The 27m CTVs will be powered by two Caterpillar C32 engines driving fixed pitch propellers and will be able to accommodate 24 technicians and three crew members. The vessels will b

about 6 years ago
Offshore Wind to Power Every Home by 2030
Business & Finance

UK Prime Minister: Offshore Wind to Power Every Home by 2030

UK Prime Minister Boris Johnson has set out commitments to ensure that offshore wind will produce more than enough electricity to power every home in the country by 2030, based on current electricity usage, boosting the government’s previous 30 GW target to 40 GW. The commitments, part of the Build

about 6 years ago
Leases Secured for Four UK Offshore Wind Extensions
Business & Finance

RWE Signs Lease Agreements for Four UK Offshore Wind Extensions

RWE and its project partners have signed lease agreements with The Crown Estate to develop extensions of the Gwynt y Môr, Galloper, Greater Gabbard and Rampion offshore wind farms in the UK. Each proposal has already progressed through the plan level Habitats Regulations Assessment stage (HRA), The

about 6 years ago
Energi Coast Sets Up Offshore Wind Innovation Group
Business & Finance

Energi Coast Sets Up Offshore Wind Innovation Group

North East England’s offshore wind cluster Energi Coast is launching a new Innovation Group which aims to develop long-term solutions to meet the requirements for new technology in offshore wind. The purpose of the group is to progress major innovation opportunities for the region’s offshore wind in

about 6 years ago
South Korea's SeAH to Build Monopile factory in UK
Business & Finance

South Korea’s SeAH to Build Monopile Factory in UK

SeAH has signed an exclusive Memorandum of Understanding with Able UK to use the Able Marine Energy Park development to establish a monopile production facility on the South Bank of the Humber. The South Korean steel tube manufacturer’s facility could potentially create around 400 jobs. Currently, t

about 6 years ago
Galloper Offshore Wind Farm in the UK
Business & Finance

Galloper Bolsters Green Credentials

The Galloper offshore wind farm in the UK has received the ISO 14001 certificate in recognition of improved environmental performance. Awarded by Lloyds Register, the ISO 14001:2015 is an internationally recognized Environment Management System (EMS) that highlights continuous improvement and reduce

about 6 years ago
DNV GL Leading British Offshore Grid Development Strategy Project
Business & Finance

DNV GL Leading British Offshore Grid Development Strategy Project

Great Britain’s National Grid ESO has selected DNV GL as the lead partner in the Offshore Coordination Project, which will advise and shape the future national strategy for offshore grid development. The aim of the project is to review and recommend ways to improve how offshore wind farms are connec

about 6 years ago
World's Largest Offshore Wind Project Woos Tier 2 Contractors
Business & Finance

World’s Largest Offshore Wind Project Woos Tier 2 Contractors

Dogger Bank Wind Farm and its tier 1 contractors are holding a series of supply chain webinars for the 3.6 GW offshore wind project. The webinars will focus on introducing the Dogger Bank wind farm development and the tier 1 contractors, and will showcase the opportunities the project offers with a

about 6 years ago
South Tyneside Getting Offshore Energy Manufacturing Zone
Business & Finance

South Tyneside Getting Offshore Energy Manufacturing Zone

South Tyneside Council has secured almost GBP 500,000 to develop a manufacturing zone for the offshore energy sector. Coming from the UK Government’s Local Growth Fund through the North East Local Enterprise Partnership (LEP), the funding will be used to support high growth businesses in the advance

about 6 years ago
Green Hydrogen Could Bring UK GBP 320 Billion by 2050
Business & Finance

Green Hydrogen Could Bring UK GBP 320 Billion by 2050 – Report

Development of an indigenous green hydrogen industry could generate GBP 320 billion for the UK economy and sustain up to 120,000 jobs by 2050, a new report finds. The Offshore Wind and Hydrogen: Solving the Integration Challenge Report was released by the Offshore Wind Industry Council (OWIC) and th

about 6 years ago
Great Yarmouth Port to Get Offshore Energy O&M Campus
Business & Finance

Great Yarmouth Port to Get Offshore Energy O&M Campus

Norfolk County Council (NCC) has secured GBP 6 million of funding to deliver an offshore energy operations and maintenance campus at the Port of Great Yarmouth. The site will be located at the entrance of River Yare and will have closer proximity to the Southern North Sea offshore energy development

about 6 years ago
SSE Selling Walney Stake
Business & Finance

SSE Selling Walney Stake

SSE has agreed to sell its 25.1% non-operating stake in the 367 MW Walney offshore wind farm to Greencoat UK Wind. The stake equates to 92 MW of capacity and the total consideration is GBP 350 million. The sale marks the first stage in SSE’s plans to dispose of GBP 2 billion of assets by […]

about 6 years ago
Principle Power Joins DeepWind Cluster
Business & Finance

Principle Power Joins DeepWind Cluster

Principle Power has joined the DeepWind cluster to promote the development of deepwater offshore wind in the UK. Principle Power said that DeepWind is an excellent vehicle to further deepen its relationship with local and international stakeholders and suppliers in order to drive the UK floating win

about 6 years ago
An offshore wind technician on top of a wind turbine
Business & Finance

World Gets 2.5 GW of Offshore Wind in H1 2020

Globally, 2,535 MW of offshore wind was put into operation during the first half of the year, with offshore wind installations reaching 29,839 MW by the end of June 2020, according to World Forum Offshore’s (WFO) H1 2020 Global Offshore Wind Report. The organisation said the figures underline the co

about 6 years ago
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