The US joint venture between BP and Equinor has agreed with the New York State Energy Research and Development Authority (NYSERDA) to terminate the Offshore Wind Renewable Energy Certificate (OREC) agreement for the 1,260 MW Empire Wind 2 offshore wind project that recently obtained federal approval
Yunneng Wind Power, the company responsible for the construction and operation of the 640 MW Yunlin offshore wind project in Taiwan, has received the necessary approvals from Taiwanese authorities to enable the completion of its financial restructuring announced in August 2023. Approvals for the ext
Updates on wind turbine technology and new offshore wind projects, including those facing major challenges, marked 2023 on offshoreWIND.biz. In the article below, we have compiled our ten most-read news last year, together with some of their related updates and stories. In February 2023, Vestas reve
Vestas has signed a preferred supplier agreement with Hanwha Corporation E&C Division for the 390 MW Shinan Ui offshore wind project in Shinan County, South Jeolla Province, South Korea. The project is developed by Shinan Ui Offshore Wind, a special-purpose company established by Hanwha Corporation
Northland Power has closed the transaction with Gentari International Renewables through which Gentari acquired 49 per cent of Northland’s ownership in the Hai Long offshore wind project located in Taiwan. Northland now holds a 30.6 per cent ownership interest in the overall project and will continu
Vineyard Wind 1, the 806 MW offshore wind farm that Copenhagen Infrastructure Partners (CIP) and Avangrid are building off Massachusetts, has created 937 union jobs during the two years of the project’s construction. With more jobs coming in 2024, Vineyard Wind 1 will have created more than 1,000 un
South Korean Taihan Cable & Solution has acquired what is said to be Korea’s only cable-laying vessel (CLV) for the offshore wind market. Taihan, which announced the purchase on December 20, bought the vessel for approximately USD 38.4 million (EUR 34.7 million). The CLV, equipped with self-propulsi
Ecowende, a joint venture between Shell and Eneco, has placed an order for 52 Vestas V236-15.0 MW wind turbines for the Hollandse Kust West VI offshore wind farm, located about 53 kilometres off the Dutch coast, near IJmuiden. Turbine installation at sea is expected to begin in the second quarter of
Cadeler and Eneti have rang the bell at the New York Stock Exchange as one entity, marking the merger of the two companies and creating a leading offshore wind installation firm. Following the business combination of Cadeler and Eneti, the combined group will be named Cadeler and be headquartered in
Shortly after changing the preferred wind turbine supplier, the three projects in the Norfolk Offshore Wind Zone in the UK have now also changed hands as RWE will acquire Vattenfall’s 4.2 GW Norfolk portfolio for GBP 963 million (approximately EUR 1.1 billion). The new owner says it will also resume
TotalEnergies has decided to sell a 25.5 per cent equity stake in Seagreen, Scotland’s largest offshore wind farm, in a GBP 522 million (about EUR 602 million) deal with Thailand’s national oil and gas company PTTEP. Following this farm down, TotalEnergies retains 25.5 per cent of Seagreen, alongsid
Vattenfall has signed agreements with Vestas for three large-scale offshore wind projects in the Norfolk Zone, UK, where the developer plans to use the new V236-15 MW wind turbines. This marks a switch in the wind turbine model planned for the projects as the developer first named Siemens Gamesa as
Ørsted has taken the final investment decision (FID) on what the company says is the world’s single largest offshore wind farm, the 2.9 GW Hornsea 3, which is expected to be completed around the end of 2027. In July 2022, Ørsted was awarded a contract for difference (CfD) for Hornsea 3 at an inflati
UK-headquartered Centurion Group, a company that provides critical rentals and services to the oil and gas, infrastructure, power, environmental, and renewable energy industries, has acquired H2M Offshore Accommodations. Based in the Netherlands, with a location in Denmark, H2M is a global supplier
