Business & Finance

DFO Secures Long-Term SOV Contract with Vestas

Vestas has awarded Dong Fang Offshore (DFO) a contract to provide a service operations vessel (SOV) for the Changfang-Xidao and Zhong Neng offshore wind projects in Taiwan. Under the twelve-year contract, Dong Fang Offshore will provide an SOV for supporting the operations and maintenance (O&M) phas

WindEurope CEO: ‘Yet Again Sweden Is Bottom of the Class on Offshore Wind’

After the Swedish government rejected 13 offshore wind projects due to defence concerns, the European wind energy industry organisation, WindEurope, issued a press release saying the decision was “highly problematic”. “Yet again Sweden is bottom of the class on offshore wind. The Swedish Government

Seaway7 Wins East Anglia Two Inter-Array Cable Contract

Seaway7, part of the Subsea7 Group, has been awarded a contract by ScottishPower Renewables for the transport and installation of the inter-array cables for the 960 MW East Anglia Two offshore wind project in the UK. The deal is worth between USD 150 million and USD 300 million, as per Subsea7’s def

Equinor, LS Cable & System Ink South Korean Floating Wind Agreement

LS Cable & System has signed a memorandum of understanding (MoU) with Norway’s Equinor for cooperation on the 750 MW Bandibuli/Firefly floating offshore wind project in South Korea. According to LS Cable & System, the company has developed South Korea’s first dynamic submarine cable for floating off

Newly Established German Joint Venture to Build Next-Gen Service Vessels for Offshore Wind

Germany’s MPC Capital and its compatriot O.S. Energy have partnered to build a fleet of next-generation service vessels that will be used primarily on offshore wind farms in the North and Baltic Seas. The joint venture commissioned the construction of a first vessel at the Danish Esbjerg Shipyard in

Vestas Reports ‘All-Time High’ Wind Turbine Order Backlog

Vestas’s wind turbine order backlog amounted to nearly 28 GW and EUR 28.3 billion at the end of the third quarter of 2024, an all-time high for the wind turbine manufacturer, according to the company’s third-quarter results. “Vestas achieved revenue of EUR 5.2bn and an EBIT margin of 4.5 percent in

Cadeler Firms Up Installation Deal for ScottishPower UK Offshore Wind Farm

Taisei Brings OWC Onboard Japan’s Floating Offshore Wind Plans

Renewable energy consultancy OWC has been awarded a master services agreement by Taisei Corporation to provide support for the development of a floating offshore wind project in Japan. According to the UK-based company, Taisei acknowledges various challenges associated with developing concrete float

OEG Expands APAC Fleet with New CTV Order

OEG Renewables has inked a contract with Strategic Marine for the order of a newbuild crew transfer vessel (CTV) that will support the company’s operations in the Asia Pacific (APAC) region. The vessel, due to be named Wey Feng, is a BMT-designed aluminium catamaran and will be the fourth StratCat 2

South Korean Firm to Supply Power Equipment for Ørsted’s Hornsea 4 Offshore Wind Farm

Denmark’s Ørsted has awarded a contract to Hyosung Heavy Industries for the supply of ultra-high voltage power equipment for the Hornsea 4 offshore wind farm in the UK. Under the contract, the South Korean company will supply 400 kV ultra-high voltage transformers and reactors, essential components

TechnipFMC, Prysmian Join Forces on ‘Complete Water Column Solution’ for Floating Wind

TechnipFMC and Prysmian have signed a collaboration agreement to combine their technologies and expertise and deliver what the two companies say is a complete water column solution for floating wind projects. The solution encompasses mooring and anchoring and both dynamic inter-array and export cabl

NMDC, Vingroup Team Up on Offshore Wind in Vietnam

NMDC Group and Vingroup have signed a Memorandum of Understanding (MOU) that will see the two companies collaborating on sustainable coastal land development and offshore wind projects in Vietnam. “Through this collaboration, we will undertake large-scale coastal protection, land reclamation project