A supply chain analysis from the offshore wind industry in Norway has found that the country’s offshore wind suppliers generated a combined turnover of more than NOK 60 billion (over EUR 5 billion) in 2024. The report, LeverandørKRAFT (SupplierPOWER), was prepared by the Confederation of Norwegian I
Swedish floating wind technology developer has reported a SEK 115 million (nearly EUR 11 million) impairment related to its TwinHub floating wind project in the UK. Hexicon’s project secured a Contract for Difference (CfD) in the UK government’s fourth allocation round (AR4) in 2022 at a strike pric
The Scottish government, through Highlands and Islands Enterprise (HIE), has approved a GBP 1.8 million (around EUR 2 million) investment in the early development of a new expansion project proposed by Stornoway Port, located on the Isle of Lewis in the Outer Hebrides. The funding will support the i
The Australian state of Victoria will open an offshore wind tender in August 2026 for an initial 2 GW of capacity, Victoria’s Minister for Energy and Resources announced on 27 January. In December 2025, Australia’s Energy Ministers provided in-principle support for the Electricity Services Entry Mec
The Offshore Wind Growth Partnership (OWGP) has launched a GBP 1 million (around EUR 1.2 million) funding competition to accelerate innovation in industrial foundations and substructures, and substations and electrical design. “Industrial opportunity in the UK offshore wind sector has never been gre
Energy ministers from nine North Sea countries signed the ‘Hamburg Declaration’ at the North Sea Summit in Hamburg on 26 January, agreeing to work towards up to 100 GW of cross-border offshore wind capacity in the North Seas by 2050, while also advancing offshore renewable hydrogen as part of a more
ScottishPower Renewables has submitted onshore and offshore consent applications for the 3 GW MarramWind floating wind project in Scotland, which the company owned together with Shell until late last year. The offshore consent application, including the Environmental Impact Assessment, has been subm
Kongsberg Maritime said on 26 January that the company would support a floating wind construction (FWCV) vessel by HANA Shipping “with a complete deck machinery package designed for demanding offshore operations”. The new 127-metre vessel is being built for the Ulsan floating wind projects in South
Government officials from Belgium, Denmark, France, Germany, Ireland, Luxembourg, the Netherlands, Norway and the UK are set to sign a declaration confirming the ambition to build 300 GW of offshore wind in the North Seas by 2050, and an investment pact with the offshore wind industry and transmissi
Hanwha Group’s renewable energy arm in France, Q Energy France, together with Hanwha Ocean, has entered the pre-qualification process to participate in the upcoming offshore wind seabed leasing in Nova Scotia, Canada, the South Korean company said on 14 January. The Canada-Nova Scotia Offshore Energ
The American Bureau of Shipping (ABS) has issued an Approval in Principle (AiP) for a new floating offshore substation design developed by HD Hyundai Heavy Industries (HD HHI). The substation concept received a SMART (SHM) Tier 3 AiP, which acknowledges the proposed structural health management syst
