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
The following article is a guest post by Fred van Beers, CEO Sif Netherlands B.V., & Anne Vedel, SVP Product Solutions & Integration, Vestas. The looming climate crisis and an acute need for independence from Russian oil and gas have massively accelerated European appetite for offshore wind. Governm
The offshore wind sector must take action to address a rising tide of mechanical breakdown issues, component failures, and serial defects ensuing from the deployment of ever-larger offshore wind, according to GCube Insurance (GCube), an underwriter for renewable energy projects. GCube’s new report,
The following article is a guest post by Una Softic, a Global Partnerships Advisor at PowerX. Japanese company PowerX is addressing renewable energy transfer challenges with strategic partners in Japan and globally, developing a power transfer vessel – Power Ark, and building a large-scale battery a
Cumulative global capex spend in the offshore wind sector is expected to hit USD 1 trillion by 2031, but investors will no longer only be competing on price alone, according to a new report by Wood Mackenzie. Offshore wind is poised to become one of the key technologies powering the decarbonisation
Offshore wind turbines are growing in size as technology advances and demand for renewable energy soars but installing them could be a headache for operators as demand will outpace the supply of capable vessels by 2024, Rystad Energy research shows. Operators will have to invest in new vessels or up
Are you ready to tackle the challenges both short and long term? Secure your seat now for the Offshore WIND Conference where we will delve deeper into the opportunities and challenges the offshore wind industry is facing now and will face up to 2050.
The offshore wind industry will soon launch its latest reference guide: the Offshore WIND Vessel Directory 2016. This third edition of the directory, produced in close cooperation with the vessel builders and operators in the industry, offers an updated overview of the available vessels in the marke
The Offshore WIND staff would like to wish all our readers a happy, prosperous, and offshore wind-powered 2016! Happy New Year! Image source: Marc Pearce
