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Business & Finance

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FeaturedHeadlinesBusiness developmentVesselsInnovationSupply ChainFloating WindProject UpdatesWind Farm UpdateR&DResearch & DevelopmentTechnologyContracts & TendersAuthoritiesPlanning & PermittingFixed-BottomPorts & LogisticsIndustryJobs & RecruitmentCollaborationOutlook & Strategy
Ocean Infinity Takes Delivery of Final Survey Vessel in Its New High-Tech Fleet
Business & Finance

Ocean Infinity Takes Delivery of Final Survey Vessel in Its New High-Tech Fleet

Ocean Infinity has taken delivery of the 14th and final vessel in its Armada fleet, ordered in 2020 as a fleet of next-generation robotics-equipped, low-emission vessels for geophysical and geotechnical surveys. The latest delivery completes the 86-metre class of Armada vessels, following the introd

about 10 months ago
Crown Estate Grants GBP 13 Million to New Offshore Wind Supply Chain Projects
Business & Finance

Crown Estate Grants GBP 13 Million to New Offshore Wind Supply Chain Projects

The Crown Estate, through its Supply Chain Accelerator programme, has awarded GBP 13 million (nearly EUR 15 million) to 16 UK offshore wind supply chain projects in the early stage of development to help de-risk them and accelerate their path to the market. The second round of the Supply Chain Accel

about 10 months ago
Seatrium Launches Arbitration Against Maersk in WTIV Contract Dispute
Business & Finance

Seatrium Launches Arbitration Against Maersk in WTIV Contract Dispute

Singapore’s Seatrium has launched arbitration proceedings against an affiliate of Maersk Offshore Wind, escalating a contract dispute over a wind turbine installation vessel (WTIV) that Maersk sought to terminate in October, the shipbuilder said. Seatrium Energy International (SEI) issued its notice

about 10 months ago
Doris BlueFloat Energy Renantis
Business & Finance

BlueFloat’s Joint Venture Partner Acquires Full Ownership of 10 Floating Wind Projects in UK, Italy

The joint venture (JV) between Nadara and BlueFloat Energy has confirmed to offshoreWIND.biz that Nadara will acquire BlueFloat’s stake in the JV’s floating offshore wind projects in the UK and Italy, and become their sole owner. “Nadara has reached an agreement with its joint venture partner BlueFl

about 10 months ago
ORE Catapult Bladena
Business & Finance

ORE Catapult, Bladena to Trial Blade Reinforcement Tech

The Offshore Renewable Energy (ORE) Catapult has signed an agreement with Bladena to test blade reinforcement technology designed to extend the operational life of offshore wind turbines. The full-scale testing programme at ORE Catapult’s National Renewable Energy Centre in Blyth, the UK, will use a

about 10 months ago
Spie Dogger Bank C
Business & Finance

DEME Awards Dogger Bank Termination & Testing Contract

DEME has awarded SPIE Wind Connect, a subsidiary of SPIE, a contract for the full scope of cable termination and testing works on Dogger Bank C, the third phase of the 3.6 GW Dogger Bank offshore wind project in the UK. Under the agreement, SPIE Wind Connect will carry out 66 kV inter-array cable te

about 10 months ago
Ocean Winds Secures Third Celtic Sea Floating Wind Site
Business & Finance

Ocean Winds Secures Third Celtic Sea Floating Wind Site

Ocean Winds has secured the third floating offshore wind site in the Celtic Sea, offered through the Crown Estate’s Round 5 auction earlier this year. The developer is joining Equinor and the Gwynt Glas joint venture, which were awarded rights for two of the three sites offered in Round 5 in June. O

about 10 months ago
Shell Confirms MarramWind Project Exit, Return of 2 GW Floating Wind Site to Crown Estate Scotland
Business & Finance

Shell Confirms MarramWind Project Exit, Return of 2 GW Floating Wind Site to Crown Estate Scotland

Shell and ScottishPower Renewables (SPR) have swapped their stakes in two joint floating offshore wind projects in Scotland, with SPR acquiring full ownership of the 3 GW MarramWind and Shell becoming the sole owner of the 2 GW CampionWind project. After the swap, Shell returned the CampionWind leas

about 11 months ago
Mingyang to Test 18.5 MW Offshore Wind Turbine Component at ORE Catapult’s UK Facility
Business & Finance

Mingyang to Test 18.5 MW Offshore Wind Turbine Component at ORE Catapult’s UK Facility

Mingyang Smart Energy and the UK’s Offshore Renewable Energy (ORE) Catapult have signed a contract to provide testing and validation of the main bearing for Mingyang Smart Energy’s 18.5 MW offshore wind turbine. The test piece is scheduled to arrive at ORE Catapult’s National Renewable Energy Centre

about 11 months ago
Belfast Harbour
Business & Finance

EnBW, JERA Nex bp Commit GBP 100 Million to Transform Belfast Harbour into Offshore Wind Hub

EnBW and JERA Nex bp have committed over GBP 100 million (approximately EUR 113.5 million) to Belfast Harbour to support the development of their Mona and Morgan offshore wind farms in the Irish Sea. The joint venture said the lease of Belfast Harbour’s D1 terminal will see the assembly and marshall

about 11 months ago
Dogger Bank Wind Farm
Business & Finance

UK Economy to Reap GBP 6.1 Billion from 3.6 GW Dogger Bank Offshore Wind Farm

The 3.6 GW Dogger Bank Wind Farm, which will become the world’s largest offshore wind farm once fully operational, will boost the UK economy by GBP 6.1 billion (approximately EUR 6.9 billion) during its lifetime and support thousands of UK jobs over the next decade, according to a report written by

about 11 months ago
Hornsea Three AMS Trenchless
Business & Finance

Ørsted Offloads Half of Hornsea 3 in EUR 5.2 Billion Transaction with Apollo

Ørsted has entered into an agreement with Apollo-managed funds (Apollo) for a 50 per cent equity ownership share in the company’s 2.9 GW Hornsea 3 offshore wind farm in the UK. The total value of the transaction is approximately DKK 39 billion (about EUR 5.2 billion), and the total project investmen

about 11 months ago
Port of East Anglia Peel Ports
Business & Finance

Great Yarmouth Terminal Set for Redevelopment Under Port of East Anglia Name

The UK’s Peel Ports Group has decided to invest a further GBP 10 million (approximately EUR 11.3 million) into its Great Yarmouth site, which is being rebranded as the Port of East Anglia. The newly announced GBP 10 million brings this year’s total investment to GBP 70 million across the site and wi

about 11 months ago
Acteon Wynnergy
Business & Finance

Acteon, Wynnergy Team Up to Deliver Offshore Wind Solutions Across Asia

UK-headquartered Acteon and Taiwan-based marine solutions provider Wynnergy Marine have signed a strategic Memorandum of Understanding (MoU) to jointly deliver renewable energy projects across the region. The partnership supports offshore wind growth in Taiwan by providing integrated solutions that

about 11 months ago
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