British Parliament has passed legislation for the new publicly owned energy company, Great British Energy (GB Energy), which will invest in clean power projects across the UK as part of the government’s Plan for Change. GB Energy will make available GBP 8.3 billion (approximately EUR 9.9 billion) in
The Maritime Cluster Northern Germany (MCN), the Netherlands Business Support Office (NBSO), Innovation Norway, the Dutch development agency NOM, the Province of Groningen, and Danish Maritime have launched a strategic cooperation with a goal of strengthening the cross-border maritime economy in the
National Grid Ventures has recognised an impairment related to the Community Offshore Wind project of GBP 303 million (approximately EUR 360 million; USD 402 million) in its results for the full fiscal year 2024/2025. The project development was recently paused by the joint venture between RWE and N
RWE plans to sell a stake in its 1.4 GW Sofia offshore wind farm next year, which is currently under construction in the UK. In a press conference call speech published on 15 May, Michael Müller, CFO of RWE AG, said that the company intends to sell stakes in the Sofia offshore wind project next [&he
Spain-based wind turbine tower supplier, Windar Renovables, has joined the Offshore Wind Foundation Alliance (OWFA), expanding the alliance to seven members. “We believe offshore wind energy stands as a proven and vital component in Europe’s path towards net zero, and European foundation manufacture
DEME Group has acquired a 50 per cent stake in Germany-based Bauer Offshore Technology, which provides drilling services for the construction of offshore wind foundations. DEME Group’s wholly owned subsidiary DEME Offshore Holding acquired a stake in the Schobenhausen-based company. Bauer Offshore T
Dutch offshore wind foundation manufacturer, Sif, officially opened its expanded factory at Maasvlakte 2, Rotterdam, on 14 May. Inaugurated by the Dutch Minister for Climate Policy and Green Growth, Sophie Hermans, the new facility has already produced 30 out of the total 56 monopiles for its first
Following reports saying Equinor may pull the plug on the Empire Wind 1 project if the US government does not lift the order halting the construction soon, a company spokesperson confirmed to offshoreWIND.biz it was costing Equinor USD 50 million (around EUR 45 million) per week to keep the project
Buss Energy Group and Wind Multiplikator have won long-term service contracts for turbines at the Global Tech I offshore wind farm in the German North Sea. Wind Multiplikator will be responsible for servicing and maintenance of the 80 Areva M5000 turbines, from statutory inspections and troubleshoot
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
