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Business & Finance

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A photo of the Block Island Wind Farm's turbine with a US flag visible on the right
Business & Finance

Trump Administration Withdraws Appeal, Leaving Wind Energy Leasing and Permitting Freeze Vacated

The Trump Administration has withdrawn its appeal of a federal court ruling that vacated the section of its January 2025 Presidential Wind Memorandum that halted federal leasing and permitting activities for onshore and offshore wind projects, leaving the court’s decision in place and the wind permi

about 2 months ago
Netherlands Raises Subsidy Ceiling for Upcoming Offshore Wind Tender
Business & Finance

Netherlands Raises Subsidy Ceiling for Upcoming Offshore Wind Tender

The Dutch government has increased financial support for the offshore wind tender planned to be launched later this year to secure sufficient market participation for 2 GW of new capacity at the IJmuiden Ver Gamma sites. The decision concerns the IJmuiden Ver Gamma-A and Gamma-B offshore wind farms,

about 2 months ago
Abu Dhabi Ports, Dajin Heavy Industry Ink Offshore Wind MoU
Business & Finance

Abu Dhabi Ports, Dajin Heavy Industry Ink Offshore Wind MoU

Abu Dhabi Ports (AD Ports) Group and China’s Dajin Heavy Industry have signed a memorandum of understanding (MoU) to explore cooperation in offshore wind supply chain development, maritime logistics, port infrastructure, and strategic vessel investments. Under the agreement, the two companies will a

about 2 months ago
50Hertz and Elia Launch EUR 752 Million Offshore HV Cable Jointing and Repair Logistics Tender
Business & Finance

50Hertz and Elia Launch EUR 752 Million Offshore HV Cable Jointing and Repair Logistics Tender

50Hertz and Elia have launched a joint procurement for offshore high-voltage (HV) cable repair logistics and jointing services, under which the transmission system operators (TSOs) will award framework agreements valued at a total of up to EUR 752 million. The tender, published in the Official Journ

about 2 months ago
GWEC Calls for Faster Offshore Wind Deployment as Global Capacity Nears 100 GW
Business & Finance

GWEC Calls for Faster Offshore Wind Deployment as Global Capacity Nears 100 GW

The Global Wind Energy Council (GWEC) has called on governments worldwide to accelerate offshore wind deployment and treat offshore wind projects as critical energy infrastructure, warning that a faster build-out is necessary to strengthen energy security and reduce exposure to future energy market

about 2 months ago
US-Based Developer to Cooperate with Korea’s Hana Group on Financing 3.2 GW Offshore Wind Cluster
Business & Finance

US-Based Developer to Cooperate with Korea’s Hana Group on Financing 3.2 GW Offshore Wind Cluster

The Korean subsidiary of California-based Pacifico Energy has signed a memorandum of understanding (MoU) with Hana Bank and Hana Securities to develop financing solutions for its 3.2 GW Jindo offshore wind project cluster in South Korea. The agreement covers cooperation on financing across the devel

about 2 months ago
France Launches Massive Tender for Seven Floating, Four Fixed-Bottom Offshore Wind Farms
Business & Finance

France Launches Massive Tender for Seven Floating, Four Fixed-Bottom Offshore Wind Farms

The French government published a call for tenders notice in the Official Journal of the European Union on 11 June 2026, launching the process to award development rights for eleven offshore wind projects, seven floating and four fixed-bottom, totalling a little over 10 GW. The offshore wind sites o

about 2 months ago
Brave Tern Detained After Collision with Another WTIV in Port; Several Thor Wind Turbine Blades Damaged
Business & Finance

Brave Tern Detained After Collision with Another WTIV in Port; Several Thor Wind Turbine Blades Damaged

Updated on 12 June 2026 with reader’s photo. The Danish Maritime Authority has detained the wind turbine installation vessel (WTIV) Brave Tern following a collision in the Port of Esbjerg that damaged turbine components for the Thor offshore wind farm. According to the Danish newspaper JydskeVestkys

about 2 months ago
Taihan Cable Signs HVDC Cooperation Agreements with Jan De Nul and Boskalis
Business & Finance

Taihan Cable Signs HVDC Cooperation Agreements with Jan De Nul and Boskalis

South Korea’s Taihan Cable & Solution has signed memoranda of understanding (MOUs) with Belgium’s Jan De Nul and the Netherlands’ Boskalis to cooperate on high-voltage direct current (HVDC) subsea cable projects. The agreements were signed on 10 June during the Korea-EU Energy Transition Cooperation

about 2 months ago
Orlen Neptun Eyes Expansion of Polish Offshore Wind Terminal
Business & Finance

Orlen Neptun Eyes Expansion of Polish Offshore Wind Terminal

Orlen Neptun and the Szczecin and Świnoujście Seaports Authority have signed a letter of intent to explore the expansion of the Świnoujście Offshore Terminal, Poland’s first installation terminal dedicated to offshore wind projects. The move comes one year after the facility entered operation and am

about 2 months ago
TGS Secures New Offshore Wind Site Characterisation Contract in Europe
Business & Finance

TGS Secures New Offshore Wind Site Characterisation Contract in Europe

Norwegian energy data and intelligence company TGS has secured another contract for offshore wind site characterisation in Europe, for which the company will deploy its seismic vessel Ramform Vanguard. Under the latest contract, announced on 9 June, Ramform Vanguard will begin data acquisition work

about 2 months ago
OEG Acquires Offshore Wind Personnel Specialist
Business & Finance

OEG Acquires Offshore Wind Personnel Specialist

OEG has acquired UK-based offshore and onshore wind workforce specialist Hybrid Resource Management in a move aimed at expanding its technical services capabilities in the offshore wind operations and maintenance market. Hybrid provides personnel support services for offshore wind operations, includ

about 3 months ago
New Partnership Targets Subsea Monitoring for Floating Wind and Oil & Gas
Business & Finance

New Partnership Targets Subsea Monitoring for Floating Wind and Oil & Gas

Underwater technology specialist Sonardyne and advanced engineering company AMOG have signed a memorandum of understanding (MoU) to provide a complete subsea asset monitoring service to offshore energy infrastructure operators. The aim of the partnership is to unlock asset insight, reduce downtime a

about 3 months ago
A close-up of a GE Haliade-X turbine at Vineyard Wind 1 offshore wind farm in Massachusetts
Business & Finance

Court Denies GE Vernova Appeal in Vineyard Wind Case

A judge at the Suffolk County Superior Court in Massachusetts has denied GE Vernova’s appeal in a case in which Vineyard Wind was recently granted a preliminary injunction that leaves the wind turbine OEM on the Vineyard Wind 1 offshore wind project until its completion. Earlier this year, Vineyard

about 3 months ago
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