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Business & Finance

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UK’s New Offshore Wind Cable Testing Facility to Speed Up Nationwide Production
Business & Finance

UK’s New Offshore Wind Cable Testing Facility to Speed Up Nationwide Production

The Offshore Renewable Energy (ORE) Catapult, in partnership with the North East Combined Authority, is investing GBP 2.1 million (around EUR 2.4 million) in a new offshore wind cable testing rig at its facilities in Blyth in North East England. Funded by the North East Combined Authority, the inves

about 11 months ago
Drilling Contractor Secures Jack-Up Contract for UK Offshore Wind Farm
Business & Finance

Drilling Contractor Secures Jack-Up Contract for UK Offshore Wind Farm

[CORRECTION NOTE: The article initially implied that the jack-up rig would be deployed on Dogger Bank Wind Farm for GE Vernova. The updated article notes two projects in the UK North Sea in which GE Vernova is currently engaged: Sofia and Dogger Bank Wind Farm.] Valaris has been awarded a contract f

about 11 months ago
Petrofac Files for Administration After Lost TenneT Contracts
Business & Finance

Petrofac Files for Administration After Lost TenneT Contracts

Following the termination of Petrofac’s scope of work on the 2 GW offshore grid connection programme in the Netherlands by the Dutch TSO TenneT, the UK engineering and consultancy provider has filed for administration. In an update on 27 October, Petrofac said the Directors of Petrofac Limited, the

about 11 months ago
USD 475 Million WTIV Dispute Pushes Seatrium, Maersk Offshore Wind to Arbitration Table
Business & Finance

USD 475 Million WTIV Dispute Pushes Seatrium, Maersk Offshore Wind to Arbitration Table

Singapore’s Seatrium has received a notice of arbitration from Maersk Offshore Wind concerning the dispute over the termination of a contract for a wind turbine installation vessel (WTIV), planned to be deployed on Equinor’s Empire Wind offshore wind project in the US. Seatrium Energy International

about 11 months ago
SMST Mission Equipment for Two North Star SOVs Reserved by RWE
Business & Finance

SMST Mission Equipment for Two North Star SOVs Reserved by RWE

Norwegian shipbuilder Vard has ordered two sets of mission equipment from the Netherlands-based SMST for two of North Star’s newbuild service operation vessels (SOVs), which will serve RWE under a long-term charter agreement. The new contract follows an equipment order SMST received from Vard in 202

about 11 months ago
A photo of the rotor part of a Siemens Gamesa offshore wind turbine
Business & Finance

Iberdrola Looking to Sell 49 Pct Stake in UK Offshore Wind Farm – Report

Iberdrola has begun exploring the sale of 49 per cent of its East Anglia Two offshore wind farm project in the UK, according to a report by the Spanish media outlet Cinco Días citing unnamed sources. The renewable energy developer has already engaged Bank of America and BBVA as financial advisors to

about 1 year ago
NnG Equitix
Business & Finance

Equitix Preferred Bidder for 448 MW Neart na Gaoithe Offshore Wind Transmission Assets

The UK’s energy regulator, Ofgem, has selected Equitix as the preferred bidder to acquire and operate the offshore transmission assets for the 448 MW Nearth na Gaoithe offshore wind farm in Scotland. Equitix has been selected in a GBP 450 million (approximately EUR 516 million) tender round for an O

about 1 year ago
A photo of the Burbo Bank Extension offshore wind farm in the UK
Business & Finance

Greenpeace Threatens Legal Action Against Crown Estate for ‘Profiteering’ from Offshore Wind Auctions

about 1 year ago
Mingyang Plans to Build ‘Britain’s First Fully Integrated Offshore Wind Manufacturing Facility’
Business & Finance

Mingyang Plans to Build ‘Britain’s First Fully Integrated Offshore Wind Manufacturing Facility’

China’s Mingyang Smart Energy has announced plans to invest up to GBP 1.5 billion (approximately EUR 1.7 billion) in Scotland to create what the company says would be Britain’s first fully integrated offshore wind turbine manufacturing facility, which would provide up to 1,500 new jobs. The three-ph

about 1 year ago
Van Oord Taps Norwegian Company for Offshore Wind Engineering Consultancy Services
Business & Finance

Van Oord Taps Norwegian Company for Offshore Wind Engineering Consultancy Services

Global Maritime (GM) has signed a framework agreement with Van Oord, under which the marine and engineering consultancy company will provide a range of services to support Van Oord’s work in the offshore wind sector. The framework covers consultancy and technical support for operations and maintenan

about 1 year ago
Hellenic Cables Bags East Anglia Two Inter-Array Cable Deal
Business & Finance

Hellenic Cables Bags East Anglia Two Inter-Array Cable Deal

Hellenic Cables has been awarded a contract by Seaway7 for the supply of approximately 165 kilometres of 66 kV inter-array cables and associated accessories for the East Anglia Two offshore wind farm in the UK. Hellenic Cables’ scope of work includes the engineering, design, manufacturing, testing,

about 1 year ago
British Co-op Group Buys Offshore Wind Power from RWE
Business & Finance

British Co-op Group Buys Offshore Wind Power from RWE

RWE has entered into a seven-year power purchase agreement (PPA) with the British Co-op Group, one of the world’s largest consumer co-operatives and the UK’s fifth biggest food retailer, for electricity produced by the Gwynt y Môr offshore wind farm. Under the PPA, RWE will supply Co-op with a total

about 1 year ago
MoU Signed to Develop Scottish Highlands as Offshore Wind and Renewables Hub
Business & Finance

MoU Signed to Develop Scottish Highlands as Offshore Wind and Renewables Hub

The Inverness and Cromarty Firth Green Freeport (ICFGF) has signed a Memorandum of Understanding (MoU) with the UK and Scottish governments and The Highland Council, creating a formal framework for cooperation in developing the Highlands as a major international hub for the offshore wind and renewab

about 1 year ago
Ørsted Port of Tyne
Business & Finance

Ørsted Picks Marshalling Port for Hornsea 3 Offshore Wind Farm

Ørsted has chosen the Port of Tyne’s Tyne Clean Energy Park in South Shields as the marshalling base for its 2.9 GW Hornsea 3 offshore wind farm in the UK. The Denmark-headquartered Cadeler will use the 100,000-square-metre site to marshal secondary steel components for the offshore wind farm before

about 1 year ago
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