Italy-headquartered Prysmian has finalized three contracts worth in aggregate around EUR 5 billion with the transmission system operator (TSO) Amprion for BalWin1 and BalWin2 offshore grid connection systems and the DC34 underground cable project in Germany. According to Prysmian, this package deal
Netherlands-based Van Oord has been contracted for the construction of the Baltica 2, which is the first stage of the Baltica Offshore Wind Farm in the Polish Baltic Sea. The offshore wind project, developed by PGE and Ørsted, will be located in the Polish section of the Baltic Sea approximately 40
Siemens Gamesa has awarded a 15-year charter contract to Cyan Renewables for its first service operation vessel (SOV) in Asia. The contract will begin in 2026 and the SOV will be used to service 73 Siemens Gamesa SG 14-222 DD wind turbines at the Hai Long offshore wind farms, located about 50 kilome
Eversource Energy has executed a definitive agreement to sell its 50 per cent stake in two US offshore wind projects, South Fork Wind and Revolution Wind, to Global Infrastructure Partners (GIP), nearing closer to its goal of exiting the offshore wind industry. The transaction allows Eversource to r
PGS has been awarded an offshore wind site characterization contract in Europe for an unnamed project. Mobilisation is scheduled for early July and the contract has a total duration of approximately two months. The project will be acquired with PGS’ ultra-high-resolution 3D (UHR3D) streamer, providi
Marguerite Pantheon has decided to sell its 10 per cent stake in the 325 MW C-Power (Thornton Bank) offshore wind farm in Belgium. The stake was acquired by existing shareholders in the project and the transaction was signed and closed on 2 February 2024. The company did not provide any financial de
The US Department of Energy’s (DOE) Wind Energy Technologies Offices (WETO) and Innovation Fund Denmark are planning to release a USD 4.2 million opportunity to advance floating offshore wind. The announcement builds on a Memorandum of Understanding (MoU) between DOE, the Denmark Ministry of Higher
The US Department of Energy (DOE) is investing USD 4.75 million to establish a new national center of excellence to accelerate offshore wind energy deployment nationwide. The Academic Center for Reliability and Resilience of Offshore Wind (ARROW), led by the University of Massachusetts Amherst with
Oil and Natural Gas Corporation (ONGC) and NTPC Green Energy Limited (NGEL) have signed a joint venture agreement to develop offshore wind energy projects both in India and internationally. The agreement, signed on 7 February, will see India’s largest oil and gas company and the fully owned subsidia
US company US Forged Rings has revealed plans for an offshore wind turbine tower fabrication facility that would be operational in 2026 and a steel forging plant that would go into operation the following year. The company, which will invest USD 700 million into the two new facilities on the US East
Seaway7 and Dong Fang Offshore (DFO) have signed a memorandum of understanding (MOU) on collaboration in the Taiwanese offshore wind market that will focus on cable installation. According to Seaway7, the MOU outlines the intention of the two companies “to collaborate in an exclusive manner and furt
Vestas has posted a revenue of EUR 15.4 billion and an increase in profit by 105 per cent for 2023 compared to the previous year, and says the company saw a record order intake of 18.4 GW last year “driven by strong growth in both Offshore and Onshore, especially in the USA.“ The Danish wind [&helli
Denmark-headquartered Ørsted has revealed a substantial revision of its plans, including a reduced 2030 renewable energy target, job cuts, exit from several markets, and “leaner development” within floating offshore wind and Power-to-X. As a result of the business plan approved by Ørsted’s Board of
World’s leading offshore wind developer Ørsted has reported an operating profit (EBITDA) of DKK 18.7 billion (about EUR 2.5 billion) for 2023 and expects this year’s operating profit to be between DKK 23 billion and DKK 26 billion (approximately EUR 3 billion and EUR 3.4 billion). This is according
