Boskalis will invest in a new high-capacity cable-laying vessel (CLV) targeting the offshore wind and interconnector markets, the company said on 18 May. According to the company, the vessel is designed to support growing demand for long-distance cable installation, particularly for high-voltage dir
Mubadala Investment Company has invested USD 325 million (approximately EUR 300 million) in the UK’s Hornsea 3 offshore wind farm, being built by Ørsted at a site located around 120 kilometres off the Norfolk coast. The Abu Dhabi-based investor is joining a consortium led by Apollo-managed funds, wh
Føn Energy Services has launched what it says will be its busiest offshore wind season to date, with inspection and repair campaigns underway across 14 offshore wind farms in the Netherlands, Scotland, Germany and Poland. The company has mobilised technicians, vessels, diving teams, remotely operate
The Crown Estate has launched the third funding round of its Supply Chain Accelerator programme, making GBP 15 million (approximately EUR 17 million) available to support early-stage offshore wind supply chain projects across the UK. Under the new round, businesses can apply for match funding coveri
Port of Blyth has launched an expansion project to support the UK offshore wind sector, with the proposed Battleship Wharf Expansion scheme representing an investment of up to GBP 100 million (approximately EUR 116 million). The upgrades to the port’s marine and terminal infrastructure are planned t
Qair, the developer of the Ayre floating offshore wind farm, has started working on advanced plans for a long-term operations and maintenance (O&M) base in northern Scotland, a facility that is expected to support up to 120 jobs. The floating wind farm is planned to be built at an offshore site east
RWE has announced changes to the management board of its offshore wind business, with CEO Sven Utermöhlen set to leave the company on 30 September 2026. Utermöhlen will not renew his contract and will step down at his own request, after which he will continue to advise RWE’s offshore wind division f
Haesong Offshore Wind, established by Copenhagen Infrastructure Partners (CIP), has signed a memorandum of understanding (MoU) with Siemens Gamesa Renewable Energy and Doosan Enerbility to strengthen localisation of South Korea’s offshore wind supply chain. The agreement covers cooperation on the Ha
The State of Massachusetts has activated long-term contracts for the Vineyard Wind 1 offshore wind farm, securing fixed electricity pricing for 20 years and projected customer savings of USD 1.4 billion (around EUR 1.2 billion) over that period, according to the state government. The contracts, anno
North Star and Norwind Offshore have completed acquisitions of vessels from Edda Wind, finalising the split of the company’s service operation vessel (SOV) and commissioning service operation vessel (CSOV) fleet. The two transactions follow Edda Wind’s announcement in March that it had entered into
RWE has signed a 15-year power purchase agreement (PPA) with UK construction materials supplier Breedon Group, under which part of the electricity supply will be provided by the Gwynt y Môr offshore wind farm. The agreement includes RWE delivering around 70 GWh of electricity per year to Breedon unt
The US Department of the Interior (DOI) has reached agreements with Bluepoint Wind and Golden State Wind developers to voluntarily terminate their offshore wind leases in exchange for a total of USD 885 million (around EUR 756 million) that they paid in lease fees, which the US will return to the de
The European Investment Bank (EIB) has approved financing of up to EUR 700 million for the Gennaker offshore wind farm in Germany, developed by Skyborn Renewables. According to information released by EIB, the project’s total cost is around EUR 3.1 billion. The Gennaker offshore wind farm will be bu
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