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Business & Finance

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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
Ellevio, Deep Wind Offshore Team Up for Swedish Offshore Wind
Business & Finance

Ellevio, Deep Wind Offshore Team Up for Swedish Offshore Wind

Deep Wind Offshore and the Swedish electric power distribution company, Ellevio, have entered into a long-term partnership to connect offshore wind power to the grid. The collaboration aims to explore new models for onshore and offshore grids, and new solutions that can accelerate climate adaptation

about 2 years ago
Norther offshore wind farm with Vestas wind turbines
Business & Finance

Vestas to Launch Unified Technology, Production, and Supply Chain Division

Danish wind turbine manufacturer Vestas has unveiled its plans to establish a single organisation that will encompass technology, manufacturing, and global procurement to accelerate ramp-up and industrialisation. The company is merging its technology organisation (CTO) and manufacturing and global p

about 2 years ago
Cyan DRS KWP
Business & Finance

Cyan Bolsters South Korea Offshore Wind Ties

Cyan Renewables, a portfolio company of Seraya Partners, has signed a Memorandum of Understanding (MoU) with DRS KWP to support the offshore wind industry in South Korea. South Korea’s DRS KWP, a subsidiary established by the Dae-Ryuk Shipping (DRS) Group, is currently serving as a provider of crew

about 2 years ago
Ørsted and New Jersey Reach USD 125 Million Settlement Over Scrapped Offshore Wind Projects
Business & Finance

Ørsted and New Jersey Reach USD 125 Million Settlement Over Scrapped Offshore Wind Projects

Danish renewable energy developer Ørsted will pay New Jersey USD 125 million (approximately EUR 115 million) to settle claims over the company’s cancellation of two offshore wind farm projects, Ocean Wind 1 and Ocean Wind 2, last year. The state’s Board of Public Utilities (BPU) said the USD 125 mil

about 2 years ago
Scottish Offshore Wind Farm Hit with GBP 33 Million Fine for Breaching Energy Market Rules
Business & Finance

Scottish Offshore Wind Farm Hit with GBP 33 Million Fine for Breaching Energy Market Rules

Beatrice Offshore Windfarm Limited (BOWL), the operator of an 85-turbine wind farm off northeast Scotland, has agreed to make a payment of GBP 33.14 million (approximately EUR 39 million) after admitting it breached energy market rules. BOWL, the operator of the 588 MW Beatrice offshore wind farm, a

about 2 years ago
Flotation Energy exclusivity agreements Cenos Green Volt
Business & Finance

Technology Centres Launch INTOG Network to Drive Innovation in Floating Offshore Wind

The Offshore Renewable Energy (ORE) Catapult and the Net Zero Technology Centre (NZTC) have launched the INTOG Innovation Network, focusing on maximising the impact of commercial, pilot scale, innovative, floating wind projects through the Innovation and Targeted Oil and Gas (INTOG) leasing process.

about 2 years ago
Van Oord Nordseecluster
Business & Finance

Van Oord Seals Nordseecluster Foundations Deal

RWE has awarded a contract to Van Oord for the transportation and installation of the monopile foundations for the Nordseecluster offshore wind project in Germany. Van Oord’s scope of work includes the installation of 104 extended monopiles as well as the installation of scour protection. In 2025, t

about 2 years ago
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