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Business & Finance

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Mammoet Nets Exclusive Heavy Lift Contract for UK’s Offshore Wind Marshalling Site
Business & Finance

Mammoet Nets Exclusive Heavy Lift Contract for UK’s Offshore Wind Marshalling Site

Mammoet has signed a five-year exclusive contract to provide heavy lift and transport equipment and services to Steel River Quay, an offshore wind marshalling facility located in the Teesworks industrial zone in the UK. Under the contract, the Dutch heavy lift specialist will supply specialist field

about 2 years ago
Newly Established Consortium Unveils Plans for 960 MW Floating Wind Project in Chile
Business & Finance

Newly Established Consortium Unveils Plans for 960 MW Floating Wind Project in Chile

A recently launched UK-based renewable energy developer 17 Energy and a Chilean company SC Power have established a consortium with a plan to build a floating offshore wind farm with an installed capacity of 960 MW. The floating wind farm is proposed to be built off the coast of Chile’s Biobío Regio

about 2 years ago
ABP FibreMax
Business & Finance

UK Ports and FibreMax Sign Floating Offshore Wind MoU

Associated British Ports (ABP) and Dutch synthetic mooring solutions provider, FibreMax, have signed a Memorandum of Understanding (MoU) to investigate development opportunities at ABP’s Port of Swansea, as well as the growing potential for floating offshore wind in the region. The partnership aims

about 2 years ago
Spain’s Haizea Gets EUR 35 Million Green Loan for Wind Turbine Manufacturing
Business & Finance

Spain’s Haizea Gets EUR 35 Million Green Loan for Wind Turbine Manufacturing

Spain’s Haizea Wind Group has secured a EUR 35 million green loan from the European Investment Bank (EIB) to enhance manufacturing technologies and research and development (R&D) for wind turbine components. Announced on 2 August, the loan will enable the Spanish company to implement advanced manufa

about 2 years ago
Maryland Sets Aside USD 4.7 Million to Boost Offshore Wind Workforce
Business & Finance

Maryland Sets Aside USD 4.7 Million to Boost Offshore Wind Workforce

Maryland Governor Wes Moore has earmarked USD 4.7 million (approximately EUR 4.3 million) in federal funds for training and job placement initiatives to expand the US state’s offshore wind workforce. The funding, made possible through the US Department of Commerce’s Economic Development Administrati

about 2 years ago
Opinion | The Offshore Wind Industry Is Strengthening American Communities—We Must Not Change Course
Business & Finance

Opinion | The Offshore Wind Industry Is Strengthening American Communities—We Must Not Change Course

This is an op-ed piece by Sam Salustro, Vice President of Strategic Communication at Oceantic Network, the US offshore renewable energy industry organisation. Six months occupied with questions about the upcoming election have muddied the waters, shifting the conversation about offshore wind energy

about 2 years ago
Equitix Acquires Stake in 330 MW Gode Wind 1 Offshore Wind Farm
Business & Finance

Equitix Acquires Stake in 330 MW Gode Wind 1 Offshore Wind Farm

Equitix has decided to invest in the 330 MW Gode offshore wind farm in Germany by acquiring a stake in the project from the Renewables Infrastructure Group (TRIG). TRIG announced on 1 August the sale of a 15.2 per cent equity interest in the project for a consideration of EUR 100 million to funds ma

about 2 years ago
Photo from Borkum Riffgrund 2 which came into operation in 2018.
Business & Finance

EIB’s EUR 5 Billion Wind Initiative Begins with Deutsche Bank Partnership

The European Investment Bank (EIB) has initiated a EUR 5 billion programme to support the wind energy sector, starting with a EUR 500 million counter-guarantee to Deutsche Bank. The transaction is said to enable Deutsche Bank to set up a portfolio of up to EUR 1 billion of banking guarantees for new

about 2 years ago
Pilot Energy to Take Full Ownership of Australian Offshore Wind Project
Business & Finance

Universities Launch Australian Centre for Offshore Wind Energy

Several universities from Australia have teamed up to launch the Australian Centre for Offshore Wind Energy (ACOWE), aimed at tackling key challenges in the country’s offshore wind sector. The Centre involves collaboration between the University of Melbourne, Deakin University, Federation University

about 2 years ago
Japan’s Sumitomo Partners with Compatriot for Floating Offshore Wind
Business & Finance

Japan’s Sumitomo Partners with Compatriot for Floating Offshore Wind

Japan’s Sumimoto Corporation and JGC Japan Corporation have signed an agreement to investigate the possibility of collaboration in the detailed design, manufacture, and delivery of structural components for floating offshore wind turbines. According to the companies, they aim to cut costs, improve e

about 2 years ago
Interview with Rovco CEO: New technologies can close huge offshore wind skills gap
Business & Finance

Interview with Rovco CEO: New Technologies Can Close Huge Offshore Wind Skills Gap

New technologies have the ability to massively close the huge skills gap and shortage of workers that is looming over the offshore wind industry, allowing 10 to 17 times more work to be done by one person, according to Brian Allen, CEO of Rovco, a UK company focused on automating offshore wind servi

about 2 years ago
MOL Module Carrier
Business & Finance

MOL Orders ‘Japan’s First’ Coastal Module Carrier for Offshore Wind Foundations

MOL Drybulk, part of Mitsui O.S.K. Lines (MOL) has signed a contract with China’s Taizhou Sanfu Ship Engineering for the construction of a module carrier that the company says is Japan’s first coastal module carrier to transport components for offshore wind turbine foundations. The vessel is schedul

about 2 years ago
TenneT Extends Collaboration with Intertek for North Sea Offshore Wind Grid Connections
Business & Finance

TenneT Extends Collaboration with Intertek for North Sea Offshore Wind Grid Connections

UK-headquartered Intertek has been re-appointed by the Dutch-German transmission system operator (TSO), TenneT, to provide long-term client representation services in support of North Sea offshore wind grid connections. Intertek Metoc has been selected for the full framework contract scope that incl

about 2 years ago
South Fork Wind Orsted
Business & Finance

US Company to Provide Support to Northeast Coast’s Offshore Wind Development

Twin Brothers Marine (TBM), a provider of heavy steel fabrication for the oil and gas, infrastructure, and renewable energy industries, has joined a major infrastructure development project to support multiple renewable energy initiatives, including offshore wind, along the Northeast Coast in the US

about 2 years ago
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