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Business & Finance

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Atlantic Shores Confirms Plan to Continue Progressing US Project as Shell Writes It Off
Business & Finance

Atlantic Shores Confirms Plan to Continue Progressing US Project as Shell Writes It Off

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

about 1 year ago
north star dogger bank
Business & Finance

Final Dogger Bank Service Operation Vessel Delivered

UK-headquartered North Star has named and delivered its latest service operation vessel (SOV), completing its fleet of vessels chartered for long-term service at the 3.6 GW Dogger Bank offshore wind farm. The Grampian Tweed is the fourth SOV introduced ahead of schedule to support the Dogger Bank of

about 1 year ago
Mads Nipper Steps Down from Leading Ørsted, Rasmus Errboe Named New CEO
Business & Finance

Mads Nipper Steps Down from Leading Ørsted, Rasmus Errboe Named New CEO

Rasmus Errboe, Ørsted’s current Deputy CEO and Chief Commercial Officer, has been named Group President and CEO and will assume the role held by Mads Nipper for the last four years on 1 February. “The renewable energy market has fundamentally changed since January 2021. The impacts on our business o

about 1 year ago
Nordlicht Vattenfall
Business & Finance

Vattenfall, BASF Gather Tier 1 Contractors for German Offshore Wind Project

Vattenfall and BASF have signed contracts with EEW Special Pipe Constructions (EEW SPC) and CS Wind Offshore for component supply and with DEME and Jan De Nul for installation services for the Nordlicht 1 and Nordlicht 2 offshore wind farms in Germany. Germany’s EEW SPC will manufacture 112 monopile

about 1 year ago
Bałtyk I, II, and II locations in the Baltic Sea
Business & Finance

Polenergia, Equinor Tap DeepOcean for Geophysical Surveys Offshore Poland

Norway-headquartered DeepOcean has been awarded a subsea survey contract for the Bałtyk 2 and Bałtyk 3 offshore wind projects in Poland, which are jointly developed by Equinor and Polenergia. Under the contract, DeepOcean will carry out geophysical seabed surveys of the export and inter-array cable

about 1 year ago
A photo of Navantia-Harland & Wolff team at Harland & Wolff's shipyard in Belfast
Business & Finance

Navantia Takes Over Harland & Wolff

Navantia UK has acquired the British shipbuilder Harland & Wolff and its operations across four sites: Belfast in Northern Ireland, Appledore in the South West of England, and Methil and Arnish in Scotland. The British subsidiary of the Spanish shipbuilder and offshore wind foundation manufacturer r

about 1 year ago
Cadeler Baltica 2
Business & Finance

Ørsted, PGE Take Final Investment Decision on 1.5 GW Baltica 2 Offshore Wind Farm

Ørsted and PGE Polska Grupa Energetyczna (PGE) have taken the final investment decision (FID) on the 1.5 GW Baltica 2, which is the first stage of the Baltica Offshore Wind Farm in the Polish Baltic Sea. Located approximately 40 kilometres off the Polish coast near Ustka, Baltica 2 has a 25-year inf

about 1 year ago
Haventus Ardersier
Business & Finance

Haventus Submits Scoping Report for Scottish Port Extension

Haventus, the owner of the Ardersier Port in the Moray Firth, Scotland, has submitted a scoping report to the Highland Council for a proposed extension to its port. Haventus is looking to expand its Ardersier Energy Transition Facility onto nearly 200 acres of land next to the current site. Subject

about 1 year ago
Vattenfall’s New Offshore Wind Farm to Power LyondellBasell’s Plastic Recycling Plant in Germany
Business & Finance

Vattenfall’s New Offshore Wind Farm to Power LyondellBasell’s Plastic Recycling Plant in Germany

Vattenfall has signed a power purchase agreement (PPA) with LyondellBasell (LYB), one of the world’s largest plastic producers, for its Nordlicht 1 offshore wind farm in Germany. Under the PPA, LyondellBasell will buy 450 GWh of electricity generated by Nordlicht 1 each year for 15 years, starting i

about 1 year ago
TFK ARP cable laying vessel
Business & Finance

Polish Companies Team Up to Build Cable Laying Vessel

Poland’s Tele-Fonika Kable (TFK) and the Industrial Development Agency (ARP) have signed a letter of intent to collaborate on the construction of a cable laying vessel (CLV) for the installation and maintenance of subsea cables in offshore wind farms, mainly in the Baltic Sea. On 28 January, the two

about 1 year ago
A photo of the London Array offshore wind farm
Business & Finance

Motor Oil and Masdar’s Terna Energy Join Forces for Greece’s First Offshore Wind Farm

Greece’s Motor Oil and Terna Energy, a subsidiary of Masdar Group, have teamed up for the development of the first offshore wind farm in Greek waters. The procedures for the participation of the Motor Oil Group, through its subsidiary Motor Oil Renewable Energy (MORE), with a 50 per cent stake in th

about 1 year ago
An aerial photo of Formosa 2 Offshore Wind Farm in Taiwan
Business & Finance

Macquarie to Sell Stake in 376 MW Formosa 2 Offshore Wind Farm in Taiwan

Pine Wind Power Co., Ltd (Pine Wind) has agreed to purchase a 26 per cent equity and debt stake in the 376 MW Formosa 2 offshore wind farm in Taiwan from Macquarie Asset Management. The proposed investment will be acquired through J&V Energy’s wholly owned subsidiary, Pine Wind, and will be supporte

about 1 year ago
Ulstein Design, Huisman Crane for Penta-Ocean’s New Offshore Wind Installation Vessel
Business & Finance

Ulstein Design, Huisman Crane for Penta-Ocean’s New Offshore Wind Installation Vessel

Penta-Ocean Construction has awarded Huisman a contract for the delivery of a 5,000-tonne tub-mounted crane and a monopile handling system for its new heavy lift vessel (HLV), designed by Ulstein. The HLV is tailored for the Japanese offshore wind market and is said to be “the world’s first fully in

about 1 year ago
Tidal transit south korea
Business & Finance

Tidal Transit Signs South Korean Offshore Wind MoU

UK-headquartered Tidal Transit has signed a memorandum of understanding (MoU) with Singapore’s Britoil Offshore Services and Sky Offshore to develop, fund, build, and operate offshore support vessels for the South Korean offshore wind industry. South Korea has set a nationwide goal of reaching 14.3

about 1 year ago
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