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Business & Finance

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Odfjell Oceanwind ENEOS GoliatVIND
Business & Finance

Japan’s ENEOS Joins Floating Offshore Wind Project in Norway

ENEOS Renewable Energy (ERE), the renewable arm of the Japanese energy giant ENEOS Holdings, has become a partner in the GoliatVIND floating offshore wind project in Norway by acquiring a 20 per cent shareholding in the project from Odfjell Oceanwind. This is ERE’s first overseas offshore wind proje

about 2 years ago
X1 Wind FibreMax
Business & Finance

X1 Wind Partners with Dutch Company for Floating Offshore Wind Moorings

Spain’s X1 Wind has signed a memorandum of understanding (MoU) with the Dutch company FibreMax to boost performance, innovation, and sustainability in the floating wind energy sector, focusing specifically on tension leg platform (TLP) tendons. X1 Wind’s collaboration with the mooring line manufactu

about 2 years ago
SSE Buys Power from 1.1 GW Inch Cape Offshore Wind Farm in Scotland
Business & Finance

SSE Buys Power from 1.1 GW Inch Cape Offshore Wind Farm in Scotland

SSE Energy Markets has signed a long-term route-to-market power purchase agreement (PPA) with Inch Cape Offshore Limited, a joint venture between Red Rock Renewables and ESB, to offtake electricity from Scotland’s 1.1 GW Inch Cape offshore wind farm. SSE Energy Markets will offtake 50 per cent of th

about 2 years ago
13 GW Gulf of Maine Offshore Wind Lease Sale Set for Late October
Business & Finance

13 GW Gulf of Maine Offshore Wind Lease Sale Set for Late October

The US Department of Interior (DOI) plans to hold a lease auction on 29 October for eight offshore wind areas in the Gulf of Maine, capable of delivering approximately 13 GW of renewable energy. The area included in the Final Sale Notice (FSN) is about 120,000 acres less than what the Bureau of Ocea

about 2 years ago
Ørsted, PGE Sign Gdansk Port Lease for Baltica 2 Offshore Wind Project
Business & Finance

Ørsted, PGE Sign Gdansk Port Lease for Baltica 2 Offshore Wind Project

PGE and Ørsted have signed a lease agreement with Istrana sp.z o.o. for the future T5 terminal in the Port of Gdansk that will be used for the storage, pre-assembly, and offshore installation of turbine components for Baltica 2, the first stage of the Baltica Offshore Wind Farm in Poland. The lease

about 2 years ago
Tele Fonika Polenergia Equinor
Business & Finance

Dutch and Polish Companies Secure Work on Equinor, Polenergia’s Offshore Wind Projects

Polenergia and Equinor have signed a contract with Tele-Fonika Kable S.A. (TFKable) for the supply of onshore cables and accessories for the Bałtyk 2 and Bałtyk 3 offshore wind farms in Poland. In addition, the companies selected the Dutch firm Visser & Smit Hanab to perform horizontal drilling in t

about 2 years ago
Belgium to Launch Tender Next Month for First Offshore Wind Farm in Princess Elisabeth Zone
Business & Finance

Belgium to Launch Tender Next Month for First Offshore Wind Farm in Princess Elisabeth Zone

The European Commission (EC) has approved a EUR 682 million Belgian scheme to back the construction and operation of an offshore wind farm in the North Sea. This approval sets the stage for the auction, planned to be launched on 28 October, for the first 700 MW wind farm in the Princess Elisabeth Zo

about 2 years ago
CASC Secures Multi-Million-Euro Work on Siemens Gamesa Offshore Wind Turbine Preassembly
Business & Finance

CASC Secures Multi-Million-Euro Work on Siemens Gamesa Offshore Wind Turbine Preassembly

CASC has signed a framework agreement with Siemens Gamesa that will see the Northern Ireland-based engineering company working on offshore wind turbine preassembly projects worldwide. In August, CASC secured a contract with Siemens Gamesa for quayside mobilisation for wind turbine pre-assembly work

about 2 years ago
Nexans Sets Aside EUR 90 Million to Support European Offshore Wind Growth
Business & Finance

Nexans Sets Aside EUR 90 Million to Support European Offshore Wind Growth

Nexans, a French manufacturer of subsea power cables, has unveiled a EUR 90 million investment to build new and upgrade existing facilities to support the growth of offshore wind in Europe. The investment will begin in 2025 and run through 2026 when the work is planned to be completed. The funding w

about 2 years ago
SSE Probing the Market for Arklow Bank 2
Business & Finance

Ireland Joins Forces with EIB for Offshore Wind Port Upgrades

The European Investment Bank (EIB) and the Irish Department of Transport have established an advisory cooperation to assess capacity, demand and financing strategies for the development of port infrastructure for offshore wind projects in Irish waters. Signed by the Irish Minister for the Environmen

about 2 years ago
Med Wind Aker Solutions Renexia
Business & Finance

Aker Solutions to Design Underwater Substations for 2.8 GW Floating Wind Farm off Sicily

Aker Solutions has won a contract from Renexia to design the underwater substations for the 2.8 GW Med Wind floating offshore wind project in the Mediterranean Sea. Renexia, through its subsidiary Renext Solutions, signed a Front-End Engineering and Design (FEED) contract with Aker Solutions, markin

about 2 years ago
Norway Tackles the LCOE Challenge in Floating Offshore Wind Head On
Business & Finance

Norway Tackles the LCOE Challenge in Floating Offshore Wind Head On

In the quest to bring down the cost of offshore wind, Norwegian companies are innovating on several fronts, including cutting-edge floating foundation designs. Most wind energy experts agree: Floating offshore wind holds great promise, but costs must drop dramatically if floating solutions are to be

about 2 years ago
Dong Tam Group CS Wind
Business & Finance

CS Wind to Pour USD 200 Million Into New Factory in Vietnam

Dong Tam Group and South Korea’s CS Wind have signed a cooperation agreement to lease land for a wind power manufacturing facility in Long An, Vietnam, with a total investment of USD 200 million. The manufacturing facility will be located in Southeast Asia Industrial Park built by Dong Tam Group in

about 2 years ago
Van Oord's New Cable Layer Ready for Debut at RWE's Largest Offshore Wind Project
Business & Finance

Van Oord’s New Cable Layer Ready for Debut at RWE’s Largest Offshore Wind Project

Van Oord’s new, next-generation cable-laying vessel (CLV) is getting ready for its first project with the pick up of inter-array cables destined for RWE’s largest offshore wind farm to date. Calypso, Van Oord’s second CLV which will mostly be used for installing inter-array and export cables for off

about 2 years ago
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