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Business & Finance

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Fixed-BottomFloating WindIndustryFoundationsGrid ConnectionManufacturingOffshore PlatformsSupply ChainCablesContracts & TendersBusiness developmentResearch & DevelopmentOperations & MaintenanceOutlook & StrategyTransitionVesselsAuthoritiesPlanning & Permitting
Industry Calls for Europe to Auction 100+ GW of New Offshore Wind Capacity in Next Decade, Commits to Lowering LCOE by 30 Pct
Business & Finance

Industry Calls for Europe to Auction 100+ GW of New Offshore Wind Capacity in Next Decade, Commits to Lowering LCOE by 30 Pct

The European wind industry has proposed a New Offshore Wind Deal for Europe that calls on the governments to auction at least 10 GW of new offshore wind capacity per year, in total, from 2031 to 2040, while the industry has committed to reducing the levelised cost of electricity (LCOE) by 30 per cen

about 1 year ago
Navantia Seanergies, Semco Maritime Enter Offshore Substation Partnership
Business & Finance

Navantia Seanergies, Semco Maritime Enter Offshore Substation Partnership

Navantia Seanergies and Semco Maritime have signed an agreement to partner on building offshore substations and offering lifecycle support. Under the agreement, the two companies will combine their experience and capabilities – that of an industrial-scale manufacturer in offshore wind and an HVAC of

about 1 year ago
ZTT Submarine Cable & System
Business & Finance

ZTT Wins Submarine Cable Contract for 1 GW Chinese Offshore Wind Farm

ZTT Submarine Cable & System (ZTTSC) has been awarded an engineering, procurement, and construction (EPC) contract for the Yangjiang Fanshi II offshore wind project in China. As part of this initiative, ZTTSC will deploy a 500 kV three-core AC submarine cable system, stretching 92 kilometres to tran

about 1 year ago
Luxcara TKF Waterkant
Business & Finance

Luxcara Taps TKF for Waterkant Inter-Array Cables

Luxcara has signed an inter-array cable contract with Twentsche Kabelfabriek BV (TKF) for the Waterkant offshore wind farm in the German North Sea. Under this contract, TKF will be responsible for the 66 kV inter-array aluminum core cables and accessories, totalling 130 kilometres. The supply scope

about 1 year ago
A rendering of Havfram's NG20000X-HF installing an offshore wind turbine
Business & Finance

DEME Strikes EUR 900 Million Deal to Acquire Havfram

DEME has signed an agreement to acquire Havfram, an international offshore wind contractor based in Norway. Havfram is primarily owned by Sandbrook Capital, a private investment firm focused on climate infrastructure, and the Public Sector Pension Investment Board (PSP Investments), one of Canada’s

about 1 year ago
ScottishPower, HSM Offshore Energy Sign East Anglia Two Substation Contract
Business & Finance

ScottishPower, HSM Offshore Energy Sign East Anglia Two Substation Contract

ScottishPower Renewables, part of Iberdrola, has awarded an engineering, procurement, construction, installation, and commissioning (EPCIC) contract to the Dutch company HSM Offshore Energy for the offshore substation and jacket foundation for the East Anglia Two offshore wind farm in the UK. HSM Of

about 1 year ago
Elwind EU co-funding
Business & Finance

ELWIND Opens Tender for Metocean Survey Campaigns at Estonia, Latvia Offshore Wind Sites

The ELWIND project has launched a tender seeking a contractor to carry out in-situ metocean measurement campaigns for offshore wind farms at Estonia and Latvia sites. According to ELWIND, the campaign must be done by a single provider for the two offshore wind farm sites of the ELWIND project. The s

about 1 year ago
VARD Building 121-Metre Taiwan-Bound Subsea Construction Vessel
Business & Finance

VARD Building 121-Metre Taiwan-Bound Subsea Construction Vessel

Norway’s VARD has signed a EUR 113.5 million contract with Taiwan-based Dong Fang Offshore (DFO) to design and build an offshore subsea construction vessel that will be dedicated to performing work in the offshore wind and telecom sectors, with the contract also including options. The 121.3-metre-lo

about 1 year ago
Caledonia offshore wind farm
Business & Finance

GHD Wins FEED Deal for 2 GW Caledonia Offshore Wind Farm

GHD has been selected to provide the electrical front-end engineering design (FEED) for Ocean Winds’ Caledonia offshore wind farm in Scotland. GHD’s involvement includes evaluating two turbine designs and developing the FEED for key electrical components such as inter-array cables, the offshore high

about 1 year ago
East Anglia ONE
Business & Finance

Octopus Energy Takes Stake in 714 MW East Anglia One Offshore Wind Farm in UK

Octopus Energy has acquired a 10 per cent stake in the 714 MW East Anglia One offshore wind farm in the UK, which was fully commissioned in 2020. Octopus acquired this latest wind farm stake from Macquarie Asset Management on behalf of Vector, Octopus’ offshore wind fund, which invests in fixed and

about 1 year ago
Baltyk Bluestream Offshore
Business & Finance

Bluestream Offshore to Take Care of Bałtyk 2 & Bałtyk 3 Monopile Foundations

Bluestream Offshore, an OEG Renewables company, has been awarded a contract by Equinor and Polenergia for the engineering, procurement, construction, and installation (EPCI) of a corrosion protection system for the monopile foundations at the Bałtyk 2 and Bałtyk 3 offshore wind farms in Poland. The

about 1 year ago
DeepOcean Inks Subsea Cable O&M Agreements with Vattenfall
Business & Finance

DeepOcean Inks Subsea Cable O&M Agreements with Vattenfall

DeepOcean has been awarded framework agreements by Vattenfall for the provision of subsea cable operations and maintenance (O&M) services, now valid for Vattenfall’s operational European offshore wind portfolio. The framework agreements are valid for a period of four years and apply to Vattenfall’s

about 1 year ago
Offtake Talks Paused for Gulf of Maine Floating Offshore Wind Project
Business & Finance

Offtake Talks Paused for Gulf of Maine Floating Offshore Wind Project

The US Maine Public Utilities Commission (MPUC) has approved Pine Tree Offshore Wind’s request to suspend offtake negotiations for the Gulf of Maine’s first floating offshore wind research array. Pine Tree Offshore Wind, a consortium comprising researchers from the University of Maine, the State of

about 1 year ago
Signing of Massachusetts Offshore Wind Power Contracts Delayed Again
Business & Finance

Signing of Massachusetts Offshore Wind Power Contracts Delayed Again

The signing of contracts with the selected winners in Massachusetts’ fourth offshore wind solicitation has been delayed once more, now expected to take place on or before 30 June. In September 2024, Massachusetts selected 1,087 MW of the multi-state 1,287 MW SouthCoast Wind project, with Rhode Islan

about 1 year ago
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