Norway’s Olympic Subsea has signed an agreement to build two offshore construction vessels, which the company claims will be the most energy-efficient in their category worldwide. The vessels will be built at the China Merchants Heavy Industry (CMHI) shipyard in Shenzhen and are scheduled for delive
Ørsted will reduce the investment programme the company planned to implement by 2030 by around 25 per cent, saying the reduction was in line with its commitment to ensure a capital structure that can support a solid investment grade credit rating. The slimmed-down strategic investment programme will
Ørsted has reported 2024 earnings from its operational offshore wind farms of DKK 23.8 billion (approximately EUR 3.2 billion), up by 20 per cent compared to 2023. The global offshore wind developer said on 6 February the increase was mainly due to the ramp-up of generation at Greater Changhua 1 and
Seaway7, part of the Subsea7 Group, has awarded Houston-headquartered Helix Robotics Solutions a contract for the burial of inter-array cables at the Hornsea 3 offshore wind farm site in the UK. The contract is expected to last over 300 days and is scheduled to commence in the third quarter of 2026.
Elia Transmission Belgium (ETB) has decided to temporarily postpone the signing of the high-voltage direct current (HVDC) contracts for Princess Elisabeth Island due to the price increase for the HVDC infrastructure, according to the Belgium transmission system operator (TSO). Princess Elisabeth Isl
The Netherlands-based Conbit has been awarded the contract for the supply and commissioning of an Impressed Current Cathodic Protection (ICCP) system at the SylWin alpha offshore converter station, operated by the Dutch/German transmission system operator (TSO) TenneT. The scope of work includes the
Innovation in wind energy has been one of the main pillars driving the upscale of the sector, enabling better components, larger and stronger turbines, faster and more cost-effective logistics, but what about its integration into tenders? Innovative approaches in tender designs can have a major impa
Interocean Marine Services (Interocean) has secured a three-year contract to provide marine vetting and assurance to the Morgan, Mona, and Morven offshore wind projects in the UK. According to Interocean, the company has an extensive track record in delivering complex offshore projects across the of
Mitsubishi Corporation is reevaluating its offshore wind projects in Japan, planned to be built in the waters off the coasts of Akita Prefecture and Chiba Prefecture. The Japanese energy company said on 3 February it put the business plans for the projects under review “due to material changes in th
In 2032, 75 per cent of all electricity produced in the Netherlands will come from offshore wind as the country will continue powering ahead with permitting and deploying wind farms in its North Sea waters, even with the change of cabinet. This is according to Jan Vos, Chairman of NedZero, who discu
Transmission system operator (TSO) TenneT has signed a realisation agreement with the consortium of pension fund ABP, pension investor APG, and wind energy developer SSE for the Dutch offshore grid connection of the 2 GW IJmuiden Ver Alpha wind farm. The realisation agreement enables the development
The European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have entered into agreements with the Baltica 2 offshore wind farm developer(s) to provide a total of EUR 600 million in financing for the 1.5 GW Polish offshore wind project, EUR 400 million coming fr
The first of two M-class wind installation vessels, named Wind Maker, has been delivered to Denmark-headquartered Cadeler. The company has also signed the first contracts for its second M-class vessel, Wind Mover. Cadeler, a provider of offshore wind installation, operations and maintenance services
Shell has decided to pause its involvement in the Atlantic Shores offshore wind project in the US, which received federal approval in October 2024, the company’s CFO said during a press call after Shell posted its Q4 2024 financial results on 30 January. In its report for the fourth quarter, Shell i
