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Business & Finance

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Estonia CPTRA Oxan Energy
Business & Finance

French Developer Winner of Estonia’s Latest Offshore Wind Tender

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

about 1 year ago
Corio South korea
Business & Finance

Corio Inks Offshore Wind Cooperation Agreement with South Korean Fisheries

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

about 1 year ago
OEG COENS
Business & Finance

OEG Renewables, COENS Partner for South Korean Offshore Wind Projects

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

about 1 year ago
Cerulean Winds
Business & Finance

Cerulean Selects Deployment Port for Scottish Floating Offshore Wind Farms

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

about 1 year ago
Belfast Harbour
Business & Finance

Offshore Wind at Heart of Belfast Harbour’s New Upgrade Strategy

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

about 1 year ago
Ørsted Revolution Wind
Business & Finance

Ørsted Books EUR 1.6 Billion Impairment from Increased Costs, Sunrise Wind Delays in US

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

about 1 year ago
Netherlands Looking at Offshore Hubs and Interconnectors, Where Does Hydrogen Stand?
Business & Finance

Netherlands Looking at Offshore Hubs and Interconnectors, Where Does Hydrogen Stand?

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

about 1 year ago
US Offshore Wind Supply Chain Spans 40 States, Report Says
Business & Finance

US Offshore Wind Supply Chain Spans 40 States, Report Says

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

about 1 year ago
Deputy Head of Research Unit at EU’s DG Energy: ‘Relying on Targets and Assuming Jobs and Growth Will Follow Does Not Work’
Business & Finance

Deputy Head of Research Unit at EU’s DG Energy: ‘Relying on Targets and Assuming Jobs and Growth Will Follow Does Not Work’

Relying only on renewable energy targets and expecting the industry and economic growth would follow “does not work”, Mark van Stiphout, Deputy Head of Unit for Research, Innovation, Competitiveness and Digitalisation at European Commission’s DG Energy, said during a panel session about green growth

about 1 year ago
Aker Solutions-Siemens Energy Consortium Receives Full Notice to Proceed for RWE’s Two Norfolk Offshore Wind Projects
Business & Finance

Aker Solutions-Siemens Energy Consortium Receives Full Notice to Proceed for RWE’s Two Norfolk Offshore Wind Projects

RWE has given the consortium of Aker Solutions and Siemens Energy the full notice to proceed on the offshore and onshore substations for the Norfolk Vanguard West and East offshore wind projects in the UK. Aker Solutions has provided work for the projects under a limited notice to proceed announced

about 1 year ago
ORE Catapult, Offshore Wind Developers Launch Supply Chain Programme for Scottish Island Businesses
Business & Finance

ORE Catapult, Offshore Wind Developers Launch Supply Chain Programme for Scottish Island Businesses

Offshore Renewable Energy (ORE) Catapult, in partnership with several offshore wind developers, has created Fit for Offshore Renewables (F4OR) Island programme, a dedicated industry supply chain programme for businesses based across Scotland’s island and coastal communities which opens this week. Th

about 1 year ago
A map showing the offshore grid connection LanWin2 in German North Sea
Business & Finance

Nexans, TenneT Sign EUR 1 Billion LanWin2 Offshore Grid Connection Contract

about 1 year ago
Louis Dreyfus Armateurs Secures EUR 500 Million Worth of SOV Contracts with Vattenfall
Business & Finance

Louis Dreyfus Armateurs Secures EUR 500 Million Worth of SOV Contracts with Vattenfall

NOTE: This article was updated on 13 and 14 January to add further information shared by Vattenfall and Louis Dreyfus Armateurs. Vattenfall has awarded three contracts to Louis Dreyfus Armateurs for the provision of service operation vessels (SOVs) in Germany: one for the jointly operated DanTysk an

about 1 year ago
CIP Signs Fengmiao 1 Offshore Installation Contracts with Van Oord, CSBC-DEME JV
Business & Finance

CIP Signs Fengmiao 1 Offshore Installation Contracts with Van Oord, CSBC-DEME JV

Copenhagen Infrastructure Partners (CIP) has contracted the Dutch offshore construction company Van Oord and the joint venture between Belgian offshore construction specialist DEME and Taiwan’s largest shipbuilder CSBC for installation work at the Fengmiao 1 offshore wind farm in Taiwan. Van Oord’s

about 1 year ago
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