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Business & Finance

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Contracts & TendersFixed-BottomFoundationsSupply ChainInfrastructureOperations & MaintenanceAuthoritiesFloating WindPlanning & PermittingProject UpdatesWind Farm UpdateCablesGrid ConnectionVesselsBusiness developmentEnvironmentOutlook & Strategy
ProCon Joins Smulders on 760 MW Hollandse Kust West VI Offshore Wind Farm
Business & Finance

ProCon Joins Smulders on 760 MW Hollandse Kust West VI Offshore Wind Farm

Belgium’s Smulders has awarded an E&I contract to Denmark’s ProCon for Hollandse Kust West VI, being developed by the Ecowende consortium in the Netherlands. The company’s scope of work comprises E&I pre-assembly, outfitting, testing, and cold commissioning of the 52 suspended internal platforms (SI

about 1 year ago
PGE Baltica O&M Poland
Business & Finance

PGE Baltica Appoints Contract Engineer for O&M Base in Poland

PGE Baltica, owned by PGE Polska Grupa Energetyczna, has appointed Sweco Polska as a contract engineer for the construction of an operational and maintenance (O&M) base in Ustka, Poland. The contract engineer is responsible for the supervision over the detailed design and construction of the O&M bas

about 1 year ago
The Wind Server jack-up service vessel
Business & Finance

Macquarie Finalizes Acquisition of Offshore Wind O&M Company Ziton

Macquarie Asset Management, through Macquarie European Infrastructure Fund 7, has completed the acquisition of Ziton, a provider of operations and maintenance (O&M) services to the offshore wind industry. “This is a significant milestone for ZITON, as Macquarie’s investment validates the strong comp

about 1 year ago
Will Trump Venture to Impose ‘No New (Offshore) Wind Turbines’ Policy and Bring US Industry Supporting 120,000 Jobs to Halt?
Business & Finance

Will Trump Venture to Impose ‘No New (Offshore) Wind Turbines’ Policy and Bring US Industry Supporting 120,000 Jobs to Halt?

During his presidential campaign in 2024, Donald Trump said he would sign an executive order to stop offshore wind farms from being built in the US “on day one”. On 7 January, the US president-elect reiterated the plan which now seems to apply to wind energy on land too, saying he would look into im

about 1 year ago
Vattenfall Finland
Business & Finance

ABL Secures Work on Metsähallitus and Vattenfall Finnish Offshore Wind Farm

ABL has been awarded a contract to provide a shipping study to identify and evaluate navigational risks associated with the Korsnäs offshore wind farm in Finland, being developed by Vattenfall and Metsähallitus. ABL’s scope of work includes a comprehensive navigational risk assessment, including qua

about 1 year ago
Baltic 2
Business & Finance

Vårgrønn Takes Over Dutch Pension Fund’s Stake in 288 MW German Offshore Wind Farm

Vårgrønn, a joint venture between Plenitude and Norway’s HitecVision, has acquired 100 per cent of PGGM Infrastructure Fund’s shares in the 288 MW Baltic 2 offshore wind farm in Germany. The German energy company EnBW owns 50.1 per cent and Vårgrønn holds 27.4 per cent of the Baltic 2 offshore wind

about 1 year ago
European Commission Greenlights Sumitomo’s Stake in EEW Offshore Wind EU
Business & Finance

European Commission Greenlights Sumitomo’s Stake in EEW Offshore Wind EU

The European Commission (EC) has approved the acquisition of joint control of EEW Offshore Wind EU by EEW Holding and Japanese trader Sumitomo Corporation. The transaction relates primarily to the manufacturing of large steel tubes used in the construction of offshore wind farms. The Commission conc

about 1 year ago
A photo of the LiDAR buoy deployed in waters off Ocean City
Business & Finance

Delaware, US Wind Sign USD 128 Million Worth of Agreements

Delaware Governor John Carney and officials from the state’s Department of Natural Resources and Environmental Control (DNREC) have signed three agreements valued at more than USD 128 million (approximately EUR 123 million) with US Wind, which recently received federal approval for its Maryland offs

about 1 year ago
Axess Wins Cable Installation Contract for 50Hertz German Grid Connection Project
Business & Finance

Axess Wins Cable Installation Contract for 50Hertz German Grid Connection Project

Axess Technologies has been awarded a cable installation contract by Greece-headquartered Hellenic Cables for the Ostwind 3 grid connection project, located in the German Baltic Sea. The scope of work comprises planning and pulling internal platform cables into the offshore high-voltage (HV) substat

about 1 year ago
PaxOcean OCVs
Business & Finance

PaxOcean Receives Order for Methanol-Ready Offshore Construction Vessel Newbuilds

PaxOcean has unveiled an order for up to four methanol-ready offshore construction vessels (OCVs) from an unnamed European shipowner. PaxOcean announced it has signed shipbuilding contracts for two OCVs with a “renowned European shipowner” for delivery in 2027 and an option for two additional vessel

about 1 year ago
Norther offshore wind farm with Vestas wind turbines
Business & Finance

KOEN Exiting South Korean Project as Proposed Offshore Wind Farm Did Not Pass Gov’t Feasibility Study

Korea South-East Power (KOEN), a subsidiary of Korea Electric Power Corporation (KEPCO), is withdrawing from the Shinan Ui (Sinan Ui) offshore wind project after the proposed wind farm did not pass the government’s feasibility assessment. According to Seoul Economic Daily, in August 2024, the prelim

about 1 year ago
North Sea ecosystem regeneration at heart of Dutch govt's new program
Business & Finance

North Sea Ecosystem Regeneration at Heart of Dutch Govt’s New Program

Human touch has taken its toll on the delicate North Sea ecosystem. With the growing pressure of climate change and demand for sustainable energy and food, this ecosystem keeps deteriorating. Preventing or preserving the North Sea now has an exclamation point. As a response, the Dutch Ministry of Ag

about 1 year ago
TenneT Heerema
Business & Finance

Heerema to Deliver Flat-Over Barge for TenneT’s 2 GW Offshore Topsides

Heerema Marine Contractors has signed a contract with the German/Dutch transmission system operator (TSO) TenneT for the delivery of a float-over barge, designed to install 2 GW offshore substations weighing more than 30,000 tonnes. According to Heerema, the new float-over barge will be a vital asse

about 1 year ago
Ziton jack up Wind Discovery
Business & Finance

Ziton Expands Its Fleet with Another Jack-Up Vessel

Denmark’s Ziton has expanded its fleet with the addition of another jack-up vessel to support its operations and maintenance (O&M) services in the offshore wind sector. The jack-up vessel WIND DISCOVERY, which was built in 2011, has been registered in the Danish International Register of Shipping. T

about 1 year ago
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