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
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
German renewable energy developer RWE has stopped all its offshore activities in the US for the time being, said Marcus Krebber, CEO of RWE, in a transcript of a speech planned to be delivered to shareholders at the company’s annual general meeting on 30 April. Krebber added that the US stands out f
The Ministry of Energy of Azerbaijan has signed two agreements with Chinese companies for the development of an offshore wind project in the country. A Memorandum of Understanding (MoU) was signed between the Ministry of Energy, SOCAR Green, China Datang Overseas Investment, and PowerChina for the d
The UK government has announced GBP 300 million (approximately EUR 350 million) of funding through the country’s publicly owned clean energy company, Great British Energy, to invest in domestic offshore wind supply chains. The funding, which was brought forward by the UK Prime Minister Keir Starmer
Iberdrola has closed a strategic agreement with Japan’s Kansai Electric Power Co., Inc. (Kansai) to co-invest in the 315 MW Windanker offshore wind farm in the German Baltic Sea. After obtaining all the necessary regulatory approvals, Iberdrola will have a majority stake of 51 per cent in the assets
Denmark-based CS Wind Offshore has announced it is contemplating the layoff of approximately 220 employees at its Odense Port facility due to recent offshore wind project cancellations and market challenges. According to the company, several offshore wind projects are being either postponed or cance
