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Business & Finance

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Floating WindGrid ConnectionProject UpdatesWind Farm UpdateBusiness developmentR&DResearch & DevelopmentContracts & TendersSupply ChainFixed-BottomOffshore PlatformsVesselsIndustryCollaborationOutlook & Strategy
TSA KF Wind KEPCO
Business & Finance

KF Wind Secures Grid Deal for 1.1 GW Floating Offshore Wind Project

Korea Floating Wind (KF Wind), a floating offshore wind project being developed by Ocean Winds and Mainstream Renewable Power, has secured a Transmission Service Agreement (TSA) with Korea Electric Power Corporation (KEPCO). The agreement covers the first phase of the project, East Blue Power (375 M

about 1 year ago
Ørsted Fugro
Business & Finance

Fugro to Gather Metocean Data for Ørsted’s Australian Offshore Wind Farms

Ørsted has selected the Dutch geo-data specialist Fugro to carry out a floating LiDAR measurement campaign for its Gippsland offshore wind farms in Australia. For twelve months, Fugro’s SEAWATCH Wind LiDAR Buoy will measure wind, wave, current, and meteorological parameters to help assess the viabil

about 1 year ago
MunmuBaram
Business & Finance

South Korean Floating Wind Project Inks Transmission Agreement with KEPCO

The 1,125 MW MunmuBaram floating offshore wind farm, being developed by Hexicon and Shell in South Korea, has entered into a Transmission Service Agreement (TSA) with Korea Electric Power Corporation (KEPCO). MunmuBaram is collaborating with two other developers on the grid connection facilities. Th

about 1 year ago
Polenergia Equinor Bałtyk 1 Ramboll Projmors
Business & Finance

Ramboll, Projmors Join Bałtyk 1 Offshore Wind Team

Polenergia and Equinor have signed an agreement with a consortium of Ramboll and Projmors for consulting services related to the design works and securing all necessary permits for the construction of the Bałtyk 1 offshore wind project in Poland. The contract covers the entire Bałtyk 1 project until

about 1 year ago
Kent Five Estuaries
Business & Finance

Kent Wins Substation Design Contract for RWE’s UK Offshore Wind Farm Extension Project

Kent, a global integrated energy services provider, has signed a new contract with Five Estuaries, being led by RWE, for a concept design study of an HVAC offshore substation platform for the offshore wind farm in the UK. Kent’s scope of work comprises conducting the offshore substation topside conc

about 1 year ago
ABL Centre Manche
Business & Finance

ABL Secures Work on French Offshore Grid Connections

Energy and marine consultancy company, ABL, has been appointed as marine warranty surveyor (MWS) to support the marine transportation and installation (T&I) operations for the Centre Manche 1 and Centre Manche 2 offshore substations in France. Centre Manche 1 and Centre Manche 2 are part of two offs

about 1 year ago
Vard Norwind Offshore CSOV
Business & Finance

Vard Receives Another CSOV Order from Norwind Offshore

Vard, a Norwegian subsidiary of the Fincantieri Group, has signed a contract for the design and construction of a commissioning service operation vessel (CSOV) for Navigare Capital Partners. The new unit, based on the VARD 4 19 design, will be delivered in the second quarter of 2027 from Vard’s ship

about 1 year ago
Edda Wind Seals Charter Contracts for Two Newbuilds
Business & Finance

Edda Wind Seals Charter Contracts for Two Newbuilds

Norway’s Edda Wind has signed charter contracts for two of its newbuilds, with commencement immediately following yard delivery in November 2024 and the second quarter of 2025 for C503 and NB967, respectively. The first contract is related to the vessel C503, to be named Vestri Enabler, which is exp

about 1 year ago
Acteon TAISEI
Business & Finance

Acteon, TAISEI Form Floating Offshore Wind Pact in Japan

Acteon, a global provider of marine energy and infrastructure services, has signed a non-exclusive memorandum of understanding (MoU) with TAISEI Corporation to collaborate on floating offshore wind projects in Japan by utilising each other’s skills and services. For TAISEI’s floating offshore wind p

about 1 year ago
A photo of the TetraSpar floating wind turbine installed offshore in Norway
Business & Finance

Norway Plans EUR 3 Billion Subsidy for Floating Offshore Wind

The Norwegian government has proposed NOK 35 billion (approximately EUR 3 billion) for a support scheme dedicated towards the first commercial floating offshore wind tender within the Vestavind F and Vestavind B areas. According to the press release, the government is making progress in following up

about 1 year ago
An offshore wind farm in sunset
Business & Finance

Equinor Acquires Minority Stake in Ørsted, Becomes Second-Largest Shareholder

Norway-headquartered Equinor has acquired a 9.8 per cent minority stake in Denmark’s Ørsted, making it the second-largest shareholder behind the Danish state, which holds a controlling stake in the company. According to Equinor, the company is supportive of Ørsted’s strategy and management and is no

about 1 year ago
RWE TotalEnergies Germany
Business & Finance

TotalEnergies Agrees to Partner with RWE on 4 GW Offshore Wind Projects in Germany

TotalEnergies has signed an agreement with RWE to acquire a 50 per cent stake in two offshore wind projects in the German North Sea. The two projects, N-9.1 and N-9.2, located 110 kilometres off the German coast, were awarded to RWE in August 2024. The concession will run for a term of 25 years, ext

about 1 year ago
BlueFloat SOIC NTUOC
Business & Finance

BlueFloat Bolsters Taiwan Floating Offshore Wind Ties

BlueFloat Energy has signed agreements with the Ship and Ocean Industries R&D Center (SOIC) and the CR Classification Society to advance development in Taiwan’s floating offshore wind sector. Additionally, the company formalized a memorandum of understanding (MoU) with National Taiwan University’s O

about 1 year ago
ESB Partners with Local University on 500 MW Floating Wind Project in Scotland
Business & Finance

ESB Partners with Local University on 500 MW Floating Wind Project in Scotland

ESB and the University of Highlands and Islands (UHI) Shetland have signed a memorandum of understanding (MoU) concerning the 500 Stoura floating offshore wind farm in Scotland. The main areas of focus will be education, data sharing, research, and long-term environmental monitoring. Both organisati

about 1 year ago
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