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Business & Finance

Hexicon Signs Second Credit Facility Extension to Support Company During Planned Divestments

Swedish floating wind developer Hexicon has extended a credit facility the company secured earlier to provide support during a period of planned divestments until 30 June 2025. For financing, which amounts to SEK 75 million (approximately EUR 6.6 million), Hexicon signed an agreement with Wallstreet

about 1 year ago

Fixed-Bottom

Two Monopiles to Go at Dogger Bank B Offshore Wind Farm

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The offshore installation vessel Seaway Strashnov has installed all but two monopile foundations at the Dogger Bank B offshore wind site in the UK and will return in the second quarter of 2025 to complete the installation. Five more transition pieces (TPs) are also left to be installed, according to

about 1 year ago

Business & Finance

Equinor Secures USD 3 Billion for New York City’s First Offshore Wind Farm

Equinor has secured a project financing package of over USD 3 billion (approximately EUR 2.9 billion) and reached financial close on Empire Wind 1, the first offshore wind farm to connect to New York City’s grid, which is already under construction after Equinor made a final investment decision (FID

about 1 year ago

Business & Finance

Editors’ Picks | Offshore Wind News in 2024: ‘The First, The Largest, The Record’

Some news are important for the offshore wind industry at large, some are significant for parts of the supply chain or in certain regions, and some are just good to know. With 366 days and thousands of news in 2024 behind us, the task of choosing only a few stories was not an easy one […]

about 1 year ago

Business & Finance

LS Cable & System, Jan De Nul, and Denys to Supply Cables for TenneT’s German Grid Connection Project

A consortium comprising LS Cable & System, Jan De Nul, and Denys has received a letter of allocation (LOA) from German/Dutch transmission system operator (TSO) TenneT for the supply of high-voltage direct current (HVDC) cables for the BalWin5 grid connection project in Germany. Under the LOA, the co

about 1 year ago

Business & Finance

Baltic Power Launches Scheme to Pay Fishermen Affected by Offshore Wind Farm Construction

The developers behind the Baltic Power project have made the initial compensation payments to fishermen who conducted fishing activities in the wind farm area off the coast of Poland. The transitional compensation scheme is valid for the construction of the offshore wind farm or until ministerial re

about 1 year ago

Vessels

ZTT’s Flagship Monopile Installation Vessel Gets Major Overhaul

ZTT’s flagship monopile installation vessel, Zhongtian 39, has received key upgrades to enhance its capabilities in offshore wind projects, according to a recent social media post from the China-based Tier 1 supplier. The vessel, launched in October 2023, now features a DP2 dynamic positioning syste

about 1 year ago

Authorities

Tenders in 2025: Malta, Colombia to Select First Offshore Wind Developers; Ireland, Netherlands to Award New Areas

State procurement of new offshore wind farms continues worldwide, with some countries launching their first tenders and others preparing to open their next offshore wind auctions this year. In this article, we are bringing a selection of news published by offshoreWIND.biz in 2024 about tenders plann

about 1 year ago

Business development

Ten Most Read News on offshoreWIND.biz in 2024

New wind turbine models, vessels and equipment, and project updates were the most read topics on offshoreWIND.biz in 2024. In this overview, we are bringing the ten most popular news in 2024. In January 2024, Siemens Gamesa received a EUR 30 million grant from the EU for a project called Highly Inno

about 1 year ago

Business development

Offshore Wind Turbines in 2024: 20+ MW Prototypes Rolling Out in Europe, China; 16 MW Remains Most Powerful Turbine Installed Offshore

In offshoreWIND.biz‘s 2023 annual wind turbine overview from January 2024, you could have read about the first 16 MW model installed offshore and a 22 MW turbine about to enter development. Fast forward twelve months, a 21 MW prototype in Europe and 22 MW and 26 prototypes in China are expected to s

about 1 year ago

Supply Chain

Goldwind Starts Producing Components for 22 MW, 300-Metre Rotor Offshore Wind Turbine

Chinese wind turbine manufacturer Goldwind has produced a nacelle for a 22 MW offshore wind turbine at its Shantou manufacturing base, according to reports from Chinese media and the company’s supplier of cooling and lubrication systems for the turbine, Chuanrun. Goldwind presented the rolled-out na

about 1 year ago

Business & Finance

Vestas Scores First 15 MW Offshore Wind Turbine Deal in Asia-Pacific

Denmark’s Vestas has received an order to supply its 15 MW turbines for the 315 MW Oga Katagami Akita Offshore Wind Project in Akita Prefecture, Japan. The order includes 21 V236-15.0 MW turbines as well as a long-term service agreement designed to ensure optimised performance of the assets. This ma

about 1 year ago

A map of French floating wind projects in the Mediterranean Sea

Authorities

Consortia Led by EDF, Ocean Winds Win French Floating Wind Tender

French government today, 27 December, announced the winners of the AO6 tender which offered two 250 MW floating wind sites in the Mediterranean Sea. The winning proposals were placed by a consortium comprising Ocean Winds and Banque des Territoires and a consortium between EDF Renewables and Maple P

about 1 year ago

Business & Finance

CIP Withdraws Offshore Wind Project Selected in Massachusetts as Capacity Not Secured for Connecticut Part

Vineyard Offshore, the US offshore wind development company owned by Copenhagen Infrastructure Partners (CIP), has withdrawn the 800 MW of offshore wind capacity selected earlier this year in Massachusetts as the 400 MW part of the 1.2 GW Vineyard Wind 2 project was not selected in Connecticut. As r

about 1 year ago