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Business & Finance

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Fixed-BottomProject UpdatesWind Farm UpdateContracts & TendersEquipmentSupply ChainVesselsOperations & MaintenanceTechnologyBusiness developmentResearch & DevelopmentCollaborationOutlook & StrategyAuthoritiesPlanning & PermittingWind Turbines
South Fork Wind Orsted
Business & Finance

Ørsted Becomes Sole Owner of 924 MW Sunrise Wind in US for USD 152 Million

Ørsted and Eversource have finalized the transaction for Eversource’s share in the Sunrise Wind offshore wind project, initially announced in January. Ørsted has acquired its former partner’s stake for USD 78 million (approximately EUR 72 million) less than the originally agreed price earlier this y

about 2 years ago
Iberdrola TMD PPA
Business & Finance

Dominion Buying Iberdrola’s US Offshore Wind Lease Area North of CVOW Project Site

Iberdrola, through its US subsidiary Avangrid, and Virginia Electric and Power Company, a wholly-owned subsidiary of Dominion Energy, have signed an agreement under which Dominion will acquire the Kitty Hawk North Wind offshore wind lease area. The site, located some 40 kilometres north of the under

about 2 years ago
A map showing IJmuiden Ver Alpha site and SSE Renewables North Sea projects
Business & Finance

SSE, Dutch Pension Fund Expect to Reach FID on IJmuiden Ver Offshore Wind Farm by Late 2025

SSE and APG (acting on behalf of Dutch pension fund ABP), which last month jointly secured the rights to develop the IJmuiden Ver Alpha offshore wind site in the Netherlands, now confirmed they are moving forward with the 2 GW project whose focus, in line with the tender requirements, is biodiversit

about 2 years ago
Cadeler Huisman A-Class vessels
Business & Finance

Huisman to Outfit Cadeler’s A-Class Newbuild Vessels with Cranes and Tools

Huisman has signed two contracts to provide cranes and installation equipment for Cadeler’s A-Class offshore wind farm installation vessels. The first contract, awarded by COSCO, is for a 3,000+-mt leg-encircling crane and a 40-mt pedestal-mounted crane for Cadeler’s latest A-Class vessel. The ship

about 2 years ago
Windcat Offshore and Damen Shipyards develop future-proof CSOV's
Business & Finance

Damen to Build Another Hydrogen-Powered CSOV for Windcat

Damen Shipyards has secured a contract to build the sixth hydrogen dual-fuel Commissioning Service Operation Vessel (CSOV) for the crew transfer vessel operator Windcat. Damen will build the sixth CSOV at Ha Long Shipyard in Vietnam, where construction of the first five newbuilds is currently underw

about 2 years ago
Service Base Baltic Power Reference Picture
Business & Finance

Baltic Power Awards Marine Coordination Contract for 1.2 GW Offshore Wind Farm

Poland’s SeaRenergy Group has been awarded a Marine Coordination Services contract by Baltic Power, a joint venture between Poland’s Orlen Group and Canada’s Northland Power, for the construction phase of the 1.2 GW offshore wind project. SeaRenergy’s Marine Coordination Service includes ship regist

about 2 years ago
Design case by Shoreline Wind
Business & Finance

TEPCO Picks Shoreline’s Software to Optimise Offshore Wind O&M

Japan’s TEPCO Renewable Power and Denmark’s Shoreline Wind have joined forces to optimise the design and management of offshore wind operations and maintenance (O&M) by utilising intelligent simulation software. TEPCO Renewable Power, a renewable project developer from Japan, said it wants to expand

about 2 years ago
WindSpider
Business & Finance

WindSpider Secures Grant for Self-Erecting Crane System, Prepares to Build Full-Scale Unit

WindSpider, a Norway-based company developing an innovative modular self-erecting crane system for the offshore wind industry, has been awarded a NOK 17.5 million (approximately EUR 1.5 million) grant from Innovation Norway. The funds from Innovation Norway will support the company in advancing its

about 2 years ago
SBM Offshore, Technip Energies Establish Joint Venture Dedicated to Floating Wind
Business & Finance

SBM Offshore, Technip Energies Establish Joint Venture Dedicated to Floating Wind

French Technip Energies and Dutch SBM Offshore have established Ekwil, a 50/50 joint venture company focused on floating offshore wind energy. According to the companies, Ekwil is a pure player delivery partner offering a range of “series production” floating offshore wind solutions to meet the grow

about 2 years ago
Strategic Marine Louis Dreyfus Armateurs
Business & Finance

Louis Dreyfus Armateurs Boosts Fleet Capacity with Two New CTVs

Louis Dreyfus Armateurs has placed an order with Strategic Marine for two new crew transfer vessels (CTVs) to expand its fleet from five to seven ships. The new vessels are expected to be delivered in early 2025. The two new CTVs will be built by Singapore’s Strategic Marine and are sisterships to t

about 2 years ago
EU flags in front of the European Commission building in Brussels
Business & Finance

EU Greenlights Massive EUR 10.8 Billion Investment in French Offshore Wind

The European Commission has approved a EUR 10.82 billion French scheme, to support the deployment of offshore wind, in particular the construction and operation of two bottom-fixed offshore wind farms in the country. The scheme, which will run for 20 years, will support a wind farm in the South Atla

about 2 years ago
‘World’s Most Powerful Wind Turbine’ Chosen for German Offshore Wind Farm
Business & Finance

‘World’s Most Powerful Wind Turbine’ Chosen for German Offshore Wind Farm

German clean energy asset manager, Luxcara, has signed a preferred supplier deal with China’s Mingyang Smart Energy for the supply of wind turbines to the Waterkant offshore wind project in the German North Sea. The reservation agreement covers the supply of 16 of the “world’s most powerful offshore

about 2 years ago
DeepOcean Nordseecluster A
Business & Finance

DeepOcean Secures Inter-Array Cable Contract for RWE’s Nordseecluster A Project

Ocean services provider DeepOcean has been awarded a contract for RWE’s Nordseecluster A offshore wind project in Germany, covering trenching, transport, and installation of inter-array cables. RWE has recently made the final investment decision for its entire Nordseecluster, involving offshore wind

about 2 years ago
Thialf Heerema Poland
Business & Finance

Heerema Seals Transportation and Installation Deal for Polish Offshore Wind Farms

Heerema Marine Contractors has been awarded contracts for the transportation and installation of monopiles and transition pieces, as well as offshore substation jackets and topsides for Bałtyk II and Bałtyk III offshore wind projects in Poland. The contracts were signed with MFW Baltyk II Sp. z.o.o.

about 2 years ago
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