The US Department of the Interior (DOI) has reached a settlement agreement with Duke Energy under which the utility will voluntarily terminate its offshore wind lease in the Carolina Long Bay area and reinvest USD 129 million (around EUR 113 million) in alternative power generation and grid infrastr
The Canada-Nova Scotia Offshore Energy Regulator (CNSOER) has released the names of seven companies and consortia that qualified to bid in the country’s first offshore wind auction. The regulator opened the pre-qualification period in October 2025 with a deadline for applications set for 13 January
The Philippines’ Department of Finance (DOF) has met with Copenhagen Infrastructure Partners (CIP) to discuss the development of the San Miguel Bay offshore wind project in Camarines Sur. The project, expected to become the first offshore wind farm in the Philippines and Southeast Asia, is owned by
Sweden’s Hexatronic Group is investing in a new production line for fibre-optic cables at its largest production site, as part of a long-term supply agreement with Danish power cable manufacturer and installation firm NKT. The new production line at the Hudiksvall facility will more than double the
Uniper and Skyborn Renewables have signed a long-term power purchase agreement (PPA) for the Gennaker project, under which the Düsseldorf-based energy company will purchase 100 MW of capacity from the 976.5 MW offshore wind farm set to be built in the German Baltic Sea. The contract is scheduled to
The Crown Estate reported a decline in annual operating profit to GBP 1.2 billion (approximately EUR 1.4 billion) from GBP 1.4 billion (approx. EUR 1.6 billion) in the previous year due to lower offshore wind Round 4 option fee income, as the Round 4 projects started entering the construction phase.
RWE is set to become the majority owner of German transmission system operator (TSO) Amprion after agreeing to acquire additional indirect shares in the company and completing a EUR 4 billion equity capital raise to finance the transaction. The German energy company announced on 22 June that it had
Skyborn Renewables has agreed to sell a 25 per cent stake in its 976.5 MW Gennaker offshore wind project in Germany to Stadtwerke München (SWM). The transaction, announced on 22 June, remains subject to customary approvals and the successful close of construction financing, which is expected in the
Amazon and Skyborn Renewables have signed a 600 MW power purchase agreement (PPA) for electricity generated by the 976.5 MW Gennaker offshore wind farm in the German Baltic Sea, in what the companies describe as the largest single PPA ever signed in Germany. The long-term agreement covers approximat
HEA Energy has priced its inaugural USD 550 million (around EUR 480 million) senior secured bond, with the proceeds set to support the expansion of its offshore wind vessel fleet, including the continued build-out of its self-propelled self-elevating support vessels (SESVs). The Abu Dhabi-headquarte
The US Department of the Interior (DOI) said on 17 June that it had reached an agreement with Invenergy under which the developer will relinquish four offshore wind leases in exchange for a USD 765 million (approximately EUR 664 million) reimbursement and redirect the capital into natural gas and ge
Germany has rejected a request from TotalEnergies to return one of its offshore wind sites in the North Sea to the State, with the country’s economy minister underlining that a concession award constitutes a binding commitment, according to a Bloomberg report from 17 June. The minister’s comment com
Europe’s offshore wind sector supported around 180,000 full-time equivalent (FTE) jobs and generated approximately EUR 26 billion in gross value added (GVA) in 2025, according to an analysis by Menon Economics and TGS | 4C. The study found that around 55,000 jobs were supported directly through comp
German transmission system operator (TSO) 50Hertz has awarded a consortium comprising Siemens Energy and Neptun Smulders Offshore Renewables (NSORe) a contract to deliver the converter system for the North Sea Connector 2 grid connection project, which will be capable of transmitting up to 2 GW of o
