ESB and Red Rock Renewables have reached a financial close on the 1,080 MW Inch Cape offshore wind farm in Scotland, and the project will now progress into its offshore construction phase. The Scottish offshore wind project has reached a financial close, securing a GBP 3.5 billion financing package
Norway-based Havfram has signed a contract with an undisclosed client for the construction of an offshore wind project in Europe. Havfram said that the “major” project will be executed in 2029, utilising one of the company’s GustoMSC NG-20000X installation vessels, planned to be delivered in the sec
Tekmar Group has been awarded a contract for the delivery of its cable protection system (CPS) and associated ancillaries for a UK-based offshore wind project. The contract is valued in the region of GBP 5 million (approximately EUR 6 million). The UK-based company will be responsible for the design
Prysmian has informed local authorities in Somerset, Massachusetts, about the company’s decision not to move forward with the factory for offshore wind power cables that was planned to be built at Brayton Point on a site that previously housed a coal-fired power plant which was shut down in 2017. Ac
China’s first dedicated long-range heavy subsea cable transport barge has completed its inaugural mission at an offshore wind project and will undergo maintenance before embarking on a new mission. Chinese power cable specialist Orient Cable launched the barge named Dongfang Haigong 07 (DFHG 07) in
Taean Wind Power, a joint offshore wind project between Copenhagen Infrastructure Partners (CIP) and Vena Energy, has secured a fixed-price offtake contract in South Korea, with commercial operations expected to begin by late 2029. The 500 MW offshore wind project has been awarded an offtake contrac
Estonia’s Consumer Protection and Technical Regulatory Authority (CPTRA) has selected Oxan Energy, a French-based offshore wind developer, as the winner of the auction for the Saare 1 area. The company plans to install as many as 60 floating wind turbines, with a combined capacity of 900 MW. The Fre
Corio Generation has signed a cooperation agreement with South Korea’s National Federation of Fisheries Cooperatives (Suhyup) and the Western Busan Fisheries Committee (WBFC) for the 96 MW Dadaepo offshore wind project, currently under development in Busan, South Korea. With this agreement, a mutual
OEG Renewables and COENS have signed a memorandum of understanding (MoU) to collaborate on offering pre-construction, construction, installation, and operations and maintenance (O&M) services to offshore wind projects in South Korea. The partnership between OEG and South Korea’s COENS combines OEG’s
Cerulean Winds, a floating wind company with 3 GW under development in the Central North Sea, has selected Haventus, owner of the under-construction Ardersier Energy Transition Facility, as its chosen deployment port. The Cerulean alliance’s first project will be the Aspen development, a 1 GW floati
Belfast Harbour has revealed plans to invest more than GBP 300 million (approximately EUR 354 million) in capital projects across the port and Harbour Estate over the next five years to support the offshore wind industry and cruise tourism. The Advance Regional Prosperity 2025-2029 strategy outlines
Ørsted has reported impairment losses of DKK 12.1 billion (approximately EUR 1.62 billion) for the fourth quarter of 2024, citing rising costs for its offshore wind business in the US, mostly related to the development of the 924 MW Sunrise Wind project off the coast of New York. The Danish offshore
Energy islands are no longer being considered in the Netherlands. Instead, the focus has been shifted to offshore energy hubs and interconnectors. With rising (cyber)security concerns as a result of a number of recent incidents in European waters, as well as the Russia-Ukraine war, diversification o
According to a report released earlier this month, the US offshore wind supply chain spans 40 states as of December 2024, with 1,932 supplier contracts signed for offshore wind and offshore wind-related projects. The report, Offshore Energy at Work, issued by the US offshore renewable energy industr
