Denmark’s Copenhagen Infrastructure Partners (CIP) has launched a new fund, which has a target size of USD 3 billion, intending to enable more than 10 GW of renewable energy capacity. Announced during COP28, the Growth Markets Fund II (GMF II) will be focused on developing and building offshore and
US-based Great Lakes Dredge & Dock Corporation (Great Lakes) has been awarded a rock installation contract to perform subsea rock cable protection on an offshore wind project off the East Coast of the US. Great Lakes will use the first Jones Act-compliant subsea rock installation vessel, the Acadia,
Vattenfall and BASF are in exclusive discussions to partner on the Nordlicht 1 and 2 offshore wind farms in Germany through a sale of 49 per cent of the project shares to BASF. To formally express their joint ambition, the two companies have signed a Memorandum of Understanding (MoU). The signing of
Iberdrola and Masdar have signed a strategic partnership agreement to evaluate the joint development of offshore wind and green hydrogen projects in Germany, the UK, and the US, which also includes an investment in Iberdrola’s 1.4 GW East Anglia 3 offshore wind project in the UK. After the parties’
Wood Thilsted has signed a five-year framework agreement with Equinor for turbine foundations engineering. The framework agreement covers engineering studies (feasibility, concept, pre-FEED, and FEED), general engineering support, and specialist studies. It also includes detailed engineering and man
RWE has signed an agreement with UAE’s Masdar as a partner for its 3 GW Dogger Bank South (DBS) offshore wind projects in the UK. The partners acknowledged the signing of the new partnership during a ceremony at COP28 in Dubai. Masdar will acquire a 49 per cent stake in the landmark renewables proje
The offshore wind industry, now the linchpin between several offshore energy industries, is calling for both innovation and accelerating deployment, while also making sure one does not impede the progress of the other.
Welcome to the Live Blog! #OEEC2023 in a nutshell. Enjoy the highlights of the event in this video: Thanks to all participants, partners, sponsors and media partners for making this event such a great success! See you next year on 26 & 27 November 2024! Drinks at Navingo stand Offshore Energy Exhibi
OX2 has agreed with Ingka Investments, the investment arm of Ingka Group, the biggest IKEA retailer, to sell a 49 per cent stake in next-generation Swedish offshore wind projects. The transaction includes the Pleione offshore wind projects, located east of Gotland, and Neptunus, located southeast of
The UK shipbuilder Diverse Marine has introduced the Diverse Marine Client Finance Programme, its own finance and lease programme, through which it secured financing for an initial, but rolling, eight crew transfer vessels (CTVs). Funding for offshore wind CTVs has been challenging, said the company
Socio-economic research on the potential benefits of Arklow Bank Wind Park 2 estimates an economic benefit to the Irish economy of up to EUR 800 million during the project’s lifetime, of which over half a billion euros could directly benefit counties Wicklow and Wexford. The preliminary data is cont
Crew transfer vessel operator Windcat is further expanding its commissioning service operation vessel (CSOV) fleet and has placed an additional order of two CSOVs with Damen Shipyards. The order increases Windcat’s CSOV fleet to a total of five vessels, leaving the option of acquiring a sixth vessel
Offshore Energy Exhibition & Conference 2023 (OEEC 2023) will kick off tomorrow, November 28, in RAI Amsterdam, where the offshore energy and maritime sectors will meet for two days of idea exchange, knowledge sharing, and networking. The 16th edition of OEEC will gather a wide spread of businesse
Octopus Energy’s generation arm has taken a 12.5 per cent stake in the 660 MW Walney Extension offshore wind farm located in England. Octopus Energy bought the stake in Walney Extension from AIP Management, the investment manager for Danish pension fund PKA and PFA. The wind farm features 87 wind tu
