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Business & Finance

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North Star Charts Course for 40 Hybrid SOVs by 2040 with GBP 425 Million Investment
Business & Finance

North Star Charts Course for 40 Hybrid SOVs by 2040 with GBP 425 Million Investment

UK-headquartered North Star has secured debt investment of up to GBP 425 million (approximately EUR 500 million) to accelerate its ambition to add 40 hybrid service operation vessels (SOV) to its fleet by 2040. The committed financial package of GBP 225 million includes term facilities from existing

about 2 years ago
Ampelmann E5000
Business & Finance

Ampelmann and Seaway7 Partner on Their First US Offshore Wind Project

Dutch offshore access provider, Ampelmann, has received an order from Seaway7 to supply an E5000 gangway, which will support the construction of a major US coast offshore wind project. The order not only marks the first collaboration of Seaway7 and Ampelmann in the Americas but will also see the fir

about 2 years ago
South Koreans Aim for Global Supply with Opening of New Offshore Wind Cable Plant
Business & Finance

South Koreans Aim for Global Supply with Opening of New Offshore Wind Cable Plant

South Korean Taihan Cable & Solution has opened the first phase of its submarine cable plant that will supply the offshore wind industry. The submarine cable plant, covering around 44,800 square metres behind Godae Pier at Pyeongtaek’s Dangjin Port, is being constructed in two phases. The first phas

about 2 years ago
Burbo Bank Extension offshore wind farm in the UK
Business & Finance

Baltica 2 Final Investment Decision Expected in Second Half of 2024

Polish energy company PGE Polska Grupa Energetyczna and Ørsted are expected to reach the final investment decision (FID) on the Baltica 2 offshore wind project in the second half of this year, Dariusz Marzec, Chairman of the Board at PGE, said at the Polish Wind Energy Association (PWEA) Conference

about 2 years ago
World-largest and industry's first dual-fuel fallpipe vessel joins DEME's fleet
Business & Finance

DEME’s New Fallpipe Vessel Yellowstone Ready to Set Sail to US Offshore Wind Project Site

DEME Group has launched Yellowstone, said to be the world’s largest fallpipe vessel, which is now preparing for its first project, the 2.6 GW Coastal Virginia Offshore Wind (CVOW), the largest offshore wind farm under construction in the United States. Officially named by the Princess of Belgium, He

about 2 years ago
Orsted Revolution Wind COP
Business & Finance

Equinor, Ørsted Sign New Empire Wind 1, Sunrise Wind Contracts with New York State

The State of New York and the developers of Empire Wind 1 and Sunrise Wind projects, Equinor and Ørsted, have signed Offshore Wind Renewable Energy Certificate (OREC) Purchase and Sale Agreements for the two projects the developers re-bid in the state’s fourth offshore wind solicitation and were awa

about 2 years ago
Malaysian Contractor to Build Nederwiek 1 HVDC Offshore Platform
Business & Finance

Malaysian Contractor to Build Nederwiek 1 HVDC Offshore Platform

Malaysia Marine and Heavy Engineering Holdings Berhad (MHB), through its wholly-owned subsidiary Malaysia Marine and Heavy Engineering (MMHE), has secured a subcontract to build an offshore substation (OSS) high-voltage direct current (HVDC) platform required for TenneT’s 2 GW programme in the Nethe

about 2 years ago
Skyborn Polargrund illustration
Business & Finance

Skyborn Files for Permit for 3 GW Offshore Wind Farm in Sweden

Germany-headquartered Skyborn Renewables has submitted a permit application to the Swedish government and Land and Environment for the construction of a 3 GW offshore wind farm. Named Polargrund Offshore, the project is planned to have between 70 and 120 wind turbines. Located 35 kilometres off the

about 2 years ago
SK Ecoplant, SK Oceanplant to Build and Install Floaters for CIP’s 1.5 GW Project Offshore South Korea
Business & Finance

SK Ecoplant, SK Oceanplant to Build and Install Floaters for CIP’s 1.5 GW Project Offshore South Korea

South Korean company SK ecoplant and its subsidiary SK oceanplant have entered into an agreement with Copenhagen Infrastructure Partners (CIP) for the production, transportation and installation of floating foundations for CIP’s 1.5 GW floating wind project off the city of Ulsan. Under the agreement

about 2 years ago
Belgium, Germany to Explore Building Hybrid Offshore Wind Link
Business & Finance

Belgium, Germany to Explore Building Hybrid Offshore Wind Link

Belgian energy minister Tinne Van der Straeten and German energy state secretary Philipp Nimmermann have agreed to investigate the development of a hybrid interconnection between the offshore wind farms of both countries. Although the two countries don’t share a direct sea border because the Netherl

about 2 years ago
OEG SOMAC
Business & Finance

OEG Renewables and SOMAC Forge Japanese Offshore Wind Alliance

OEG Renewables and Sojitz Machinery Corporation (SOMAC) have signed a Memorandum of Understanding (MoU) to offer renewable service solutions to the growing offshore wind market in Japan. Under the MoU, the companies will provide pre-construction, operations and maintenance (O&M), and vessel services

about 2 years ago
RWE Sweden
Business & Finance

RWE Eyes Another Swedish Port for Baltic Sea Offshore Wind Hub

RWE and Smålandshamnar AB, which operates the Swedish Port of Oskarshamn, have signed a Memorandum of Understanding (MoU) to explore the port’s potential to become a Baltic Sea offshore wind hub. The aim of the collaboration is to explore whether the port could be a suitable harbour for the logistic

about 2 years ago
An aerial view of an offshore wind farm
Business & Finance

OWC Secures Consultancy Role for Greek Offshore Wind Development

The Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) has appointed the renewable energy consultancy, OWC, to offer guidance in developing a strategy for wind resource and metocean survey campaigns. Specifically, the contribution of OWC will support HEREMA in fulfilling Greece’s

about 2 years ago
Atlantic Shores Offshore Wind Inks MoU with New Jersey Unions
Business & Finance

US Offshore Wind Port Developer Lands USD 50 Million Investment

Homecoming Capital, an investor in zero-emission infrastructure, has made an initial USD 50 million (approximately EUR 46.2 million) commitment to Clean Energy Terminals (CET), a developer of US offshore wind port infrastructure. Under the agreement, CET will leverage Homecoming’s investment to exec

about 2 years ago
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