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Business & Finance

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Zhong Neng James Fisher
Business & Finance

James Fisher Secures Zhong Neng Commissioning Contract Offshore Taiwan

James Fisher and Sons plc (James Fisher) has been awarded a contract for the provision of high voltage (HV) specialist personnel and HV safety management services at the 298 MW Zhong Neng offshore wind farm in Taiwan. Under the contract, worth over GBP 1 million (approximately EUR 1.17 million), Jam

about 2 years ago
Chantiers RTE Hitachi
Business & Finance

Hitachi, Chantiers de l’Atlantique to Seal French Offshore Substation Contract

French transmission system operator Réseau de Transport d’Electricité (RTE) and the Hitachi Energy – Chantiers de l’Atlantique consortium will sign a contract for the construction of the first offshore substations and DC converter stations for two offshore wind farms that will be built off Ile d’Olé

about 2 years ago
Significant Offshore Wind Growth Brings Fugro Strong Start of the Year
Business & Finance

Significant Offshore Wind Growth Brings Fugro Strong Start of the Year

In what is described as a “strong start of the year”, Dutch geo-data specialist company, Fugro, reported a 9 per cent revenue growth for the first quarter of 2024 compared to the same period last year, said to be due to ongoing significant growth in offshore wind projects. Revenue in the first quart

about 2 years ago
Subsea7's backlog remains 'robust' with high tendering in subsea and offshore wind
Business & Finance

Subsea7’s Backlog Remains ‘Robust’ with High Tendering in Subsea and Offshore Wind

Subsea7 has reported a “robust” backlog of USD 10.4 billion in its financial results for the first quarter of 2024, with tendering activity high in both the subsea and offshore wind sectors. To remind, in the financial results for the full year of 2023, Subsea7 reported it had secured USD 7.4 billio

about 2 years ago
CBED Siemens Gamesa
Business & Finance

CBED Signs SOV Deal with Siemens Gamesa

Offshore wind service provider CBED has signed a contract with Siemens Gamesa Renewable Energy for their new service operations vessel, Wind Creation, which will join the commissioning of an offshore wind farm in the Netherlands. The project will commence by the end of the second quarter of 2024 and

about 2 years ago
Fugro's Self-Elevating Platform Moves to Japan to Pursue Geotechnical Work
Business & Finance

Fugro’s Self-Elevating Platform Moves to Japan to Pursue Geotechnical Work

Fugro has transferred its self-elevating platform (SEP) Amberjack to Japan in order to easier support the local offshore wind market with geotechnical services. Amberjack was reflagged in December 2023 and is now based in Tokyo, from where it will be deployed to Japanese wind farm projects and provi

about 2 years ago
Denmark Launches Massive Offshore Wind Auction
Business & Finance

Denmark Launches Massive Offshore Wind Auction

Denmark has opened a new offshore wind tender, the country’s largest ever, offering a minimum of 6 GW of new capacity spread over six wind farms, with the overplanting option allowing for 10 GW or more of new capacity to be added. The Danish Energy Agency published the tender for the wind farms loca

about 2 years ago
Ørsted Buys Sunrise Wind Stake from Eversource
Business & Finance

Ørsted Buys Sunrise Wind Stake from Eversource

US utility Eversource Energy has finalized definitive documents regarding its previously announced agreement to sell its 50 per cent ownership stake in the 924 MW Sunrise Wind offshore wind project to Ørsted. Eversource will remain contracted, under a separate construction management agreement, to l

about 2 years ago
Vattenfall and BASF Deepen Offshore Wind Farm Partnership Ties
Business & Finance

Vattenfall and BASF Deepen Offshore Wind Farm Partnership Ties

Vattenfall and BASF have agreed the sale of 49 per cent of Vattenfall’s Nordlicht 1 and 2 wind farms to BASF. Nordlicht is Vattenfall’s second major offshore wind project in which BASF is participating as a partner. In 2021, BASF acquired almost half of the shares in the Hollandse Kust Zuid offshore

about 2 years ago
Vestas and Maersk to Build Offshore Wind Hub in South Korea
Business & Finance

Vestas and Maersk to Build Offshore Wind Hub in South Korea

Wind turbine manufacturer Vestas has revealed plans to build a nacelle factory and a logistic base for offshore wind turbines in South Korea in partnership with A.P. Moller – Maersk. The plan, part of a wider agreement, is dependent on the pace of market growth and awarded volume for Vestas, the com

about 2 years ago
Contract Signed for Norway’s First Commercial Offshore Wind Farm
Business & Finance

Contract Signed for Norway’s First Commercial Offshore Wind Farm

The government of Norway has signed a two-way Contract for Difference (CfD) related to the offshore wind farm project in the Sørlige Nordsjø II zone with Ventyr Energi, the winner of the recently held auction. Ventyr Energi, a consortium of Parkwind and Ingka Investments, won the rights to develop t

about 2 years ago
The 1,000th blade produced by Vestas in the UK
Business & Finance

UK Industry Bodies Release Offshore Wind Industrial Growth Plan

RenewableUK, the Offshore Wind Industry Council, The Crown Estate and Crown Estate Scotland have published an Industrial Growth Plan, setting out how to triple offshore wind manufacturing capacity over the next ten years in the UK. The UK offshore wind industry already employs 32,000 people and each

about 2 years ago
Arctia's vessel MPV Pohjanmeri sailing
Business & Finance

Seabed Survey of New Offshore Wind Area in Norway Goes to Finnish Firm

Arctia Meritaito, a subsidiary of Finland’s icebreaking, fairway maintenance, and hydrographic surveying player Arctia, has been tasked with carrying out a hydrographic seabed survey of one of the offshore wind farm areas the Norwegian government plans to auction off next year. Thanks to a contract

about 2 years ago
Ocean Winds and Ignitis to Jointly Bid in Lithuanian First Offshore Wind Auction
Business & Finance

Ignitis Submits Bid to Build Second Wind Farm Offshore Lithuania

Ignitis Renewables, part of Ignitis Group, has submitted a bid for the rights to develop around 700 MW of offshore wind capacity in the Baltic Sea as part of the second offshore wind tender in Lithuania. Under the tender regulations, the potential developer can submit either the development fee or r

about 2 years ago
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