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Cadeler
Business & Finance

Cadeler Inks Reservation Agreement for Ocean Winds’ Polish Offshore Wind Farm

Ocean Winds and Cadeler have signed a vessel reservation agreement for the installation of the turbines at the BC-Wind offshore wind farm in the Polish Baltic Sea. The potential value of the contract to be negotiated during the pendency of the reservation agreement is estimated to be between EUR 48

about 1 year ago
Half of Global Operational Offshore Wind Capacity in China
Business & Finance

Half of Global Operational Offshore Wind Capacity in China

The global capacity of fully operational offshore wind farms has reached 80.9 GW, according to RenewableUK, whose new report also shows China is leading in total operational capacity, new capacity installed in 2024, as well as in the capacity of the project pipeline. The global operational offshore

about 1 year ago
RWE to Offer 60 MW from Amrumbank West Offshore Wind Farm for Grid Stabilisation
Business & Finance

RWE to Offer 60 MW from Amrumbank West Offshore Wind Farm for Grid Stabilisation

RWE plans to market part of the production capacity from its Amrumbank West offshore wind farm in Germany in daily auctions for a system-stabilising secondary reserve to keep the grid frequency at 50 Hertz, preventing potential grid failures. The transmission system operator TenneT recently granted

about 1 year ago
Olympic vessels
Business & Finance

Olympic Orders Construction Vessel Pair at China’s CMHI

Norway’s Olympic Subsea has signed an agreement to build two offshore construction vessels, which the company claims will be the most energy-efficient in their category worldwide. The vessels will be built at the China Merchants Heavy Industry (CMHI) shipyard in Shenzhen and are scheduled for delive

about 1 year ago
Ørsted Slims Down Investment Programme, Discontinues Previous Renewable Energy Capacity Target
Business & Finance

Ørsted Slims Down Investment Programme, Discontinues Previous Renewable Energy Capacity Target

Ørsted will reduce the investment programme the company planned to implement by 2030 by around 25 per cent, saying the reduction was in line with its commitment to ensure a capital structure that can support a solid investment grade credit rating. The slimmed-down strategic investment programme will

about 1 year ago
Kongsberg Maritime
Business development

Kongsberg Maritime Introduces Transport & Installation Solutions for Floating Wind

Kongsberg Maritime has unveiled a range of methods designed to transform and industrialize the transportation and installation (T&I) of floating offshore wind turbines. According to the Norway-headquartered company, the new solutions promise to streamline the entire process, from anchor and mooring

about 1 year ago
Ørsted building and flags
Business & Finance

Ørsted’s Earnings from Operational Offshore Wind Farms Up 20 Pct

Ørsted has reported 2024 earnings from its operational offshore wind farms of DKK 23.8 billion (approximately EUR 3.2 billion), up by 20 per cent compared to 2023. The global offshore wind developer said on 6 February the increase was mainly due to the ramp-up of generation at Greater Changhua 1 and

about 1 year ago
Baltic Power monopiles
Fixed-Bottom

Offshore Construction Kicks Off on Poland’s 1.2 GW Baltic Power Wind Farm

Offshore construction has begun on the up to 1.2 GW Baltic Power wind farm, a joint venture between PKN Orlen and Northland Power, with the installation of the first monopiles. Preparatory and trial operations for offshore construction began in January, with several vessels involved, including Van O

about 1 year ago
Aikido Floating Wind Platform Receives Statement of Maturity from ABS
Floating Wind

Aikido Floating Wind Platform Receives Statement of Maturity from ABS

The American Bureau of Shipping (ABS) has issued a statement of maturity, the latest stage in new technology qualification, for the floating wind platform design developed by the US-based floating wind technology company Aikido Technologies. ABS says that as part of the process, it witnessed an upen

about 1 year ago
Seaway7 Awards Trenching Services Contract for Hornsea 3 Offshore Wind Farm in UK
Business & Finance

Seaway7 Awards Trenching Services Contract for Hornsea 3 Offshore Wind Farm in UK

Seaway7, part of the Subsea7 Group, has awarded Houston-headquartered Helix Robotics Solutions a contract for the burial of inter-array cables at the Hornsea 3 offshore wind farm site in the UK. The contract is expected to last over 300 days and is scheduled to commence in the third quarter of 2026.

about 1 year ago
ABL’s Longitude Launches Offshore Wind Foundation Design Division
Business development

ABL’s Longitude Launches Offshore Wind Foundation Design Division

ABL Group has established a business unit specialising in offshore wind foundation design. The new unit will be part of Longitude, the Group’s design and engineering arm. The foundation design division will bring together multi-disciplined engineering and offshore wind foundation design expertise fr

about 1 year ago
Baltic Power topsides
Grid Connection

Baltic Power Substation Topsides Arrive in Denmark

The two Baltic Power topsides have arrived from Gdynia, Poland, to the Port of Aalborg, Denmark, for further outfitting of the electrical equipment. With the prefabrication phase complete, Semco Maritime’s team in Aalborg is poised to begin outfitting. Semco Maritime and CS Wind Offshore are respons

about 1 year ago
Germany Launches 1 GW Offshore Wind Tender for North Sea Site
Authorities

Germany Launches 1 GW Offshore Wind Tender for North Sea Site

German Federal Network Agency (BNetzA) has launched a tender for the N-9.4 offshore wind site in the North Sea which can accommodate 1 GW of installed offshore wind capacity. The tender is open for bids until 1 June with the maximum bidding value set at 6.2 eurocents/kWh as per Section 19 of the Off

about 1 year ago
Belgian TSO Delays HVDC Contract Signing for Princess Elisabeth Island Due to Price Surge
Business & Finance

Belgian TSO Delays HVDC Contract Signing for Princess Elisabeth Island Due to Price Surge

Elia Transmission Belgium (ETB) has decided to temporarily postpone the signing of the high-voltage direct current (HVDC) contracts for Princess Elisabeth Island due to the price increase for the HVDC infrastructure, according to the Belgium transmission system operator (TSO). Princess Elisabeth Isl

about 1 year ago
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