Synera Renewable Energy Group (SRE) has decided to acquire an additional 26 per cent stake in the 376 MW Formosa 2 offshore wind farm in Taiwan, raising its ownership from 25 per cent to a controlling 51 per cent. “SRE’s acquisition of an additional stake coincides with the second anniversary of For
Equinor could abandon the Empire Wind 1 offshore wind project “in the coming days” if the stop-work order, issued by the US government soon after the project started offshore construction work, is not lifted, the president of Equinor Renewables Americas, Molly Morris, recently shared in an interview
On 12 May, Denmark’s offshore shipping company Esvagt and KMC Line signed a joint venture agreement focused on the South Korean offshore wind market. Through a joint venture partnership with the Korean shipping company, Esvagt will deploy its knowledge in the growing South Korean offshore wind marke
Dong Fang Offshore has made a capital investment in Apex Aviation to establish what the company says is Taiwan’s first self-operated offshore wind helicopter fleet. The first helicopter is expected to enter service in the fourth quarter of this year. With the helicopter fleet, Dong Fang Offshore wil
Copenhagen Infrastructure Partners (CIP), on behalf of its fund Copenhagen Infrastructure V (CI V), has entered into an agreement to divest a 10 per cent stake in the 495 MW Fengmiao 1 offshore wind farm in Taiwan to Mitsui O.S.K. Lines (MOL). The transaction is subject to customary closing conditio
Ayesa Polska has signed an agreement for investor supervision of the offshore part of the 1.5 GW Baltica 2 wind project, built by PGE Polska Grupa Energetyczna (PGE) and Ørsted. Under the agreement, Ayesa Polska will be responsible for ensuring investor supervision over the entire offshore part of t
Ørsted has discontinued the development of the UK’s Hornsea 4 offshore wind farm in its current form. The developer said the 2.4 GW project has faced rising supply chain costs, higher interest rates, and increased construction and delivery risks since the Contract for Difference (CfD) award in Alloc
Vard has signed a contract with Taiwan-based Dong Fang Offshore (DFO) for the design and construction of a Commissioning Service Operation Vessel (CSOV), a sister vessel to the two ships Vard contracted with DFO in May 2024. After sealing the contract for two CSOVs in May last year, DFO is adding a
Ørsted has divested a 24.5 per cent stake in the 389 MW West of Duddon Sands offshore wind farm to funds managed by Schroders Greencoat. The value of the transaction is GBP 456.1 million (approximately EUR 534 million) on a debt-free basis. The transaction closed on 30 April 2025. Ørsted will retain
Korea Floating Wind (KF Wind) has signed a contract with the South Korean company, Yooshin, for the engineering of the onshore power transmission line for its floating offshore wind project. Under the contract, Yooshin will carry out the basic and detail design for the onshore power transmission lin
The current US administration’s aggression towards the offshore wind market could put at risk up to USD 75 billion in investment, according to an analysis by Houston-based IntelStor. Based on the analysis, the application of tariffs as well as the recent moves to halt or cancel offshore wind project
Lautec has been awarded a consultancy framework agreement for inspection services for the 495 MW Fengmiao 1 offshore wind farm in Taiwan. As part of the agreement, Lautec will provide fabrication supervisors, quality inspectors, and HSE inspectors to oversee fabrication and construction quality thro
Anders Opedal, CEO and President of Equinor, said on 29 April that the order from the US government to stop construction activities of the Empire Wind 1 offshore wind farm is “unlawful”. “We have invested in Empire Wind after obtaining all necessary approvals, and the order to halt work now is unpre
South Korea-based LS Marine Solution has signed a contract, worth approximately USD 15.8 million (about EUR 13.8 million), to lay submarine cables for the Taipower Offshore Wind Project Phase II (TPC Changhua Phase II) in Taiwan. According to the company, the contract marks LS Marine Solution’s firs
