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India Taps UK, World Bank and KPMG to Advance Offshore Wind
Business & Finance

India Taps UK, World Bank and KPMG to Advance Offshore Wind

India and the UK have launched a taskforce that is said to provide strategic leadership and coordination for India’s offshore wind ecosystem. The country has also reportedly started working with the World Bank and KPMG on aspects of offshore wind project planning and financing. Kicked off on 18 Febr

about 5 months ago
Trump Administration Files Appeal Against Court Ruling in Multi-State Offshore Wind Lawsuit
Business & Finance

Trump Administration Files Appeal Against Court Ruling in Multi-State Offshore Wind Lawsuit

The US Department of Justice, Environment & Natural Resources Division, filed a Notice of Appeal on 17 February in the case in which a federal judge ruled in favour of 18 states that sued the Trump administration over the sweeping ban on wind energy projects. In May 2025, seventeen US states and the

about 5 months ago
Offshore Wind CSOV Boosts Singaporean Company’s Revenue
Business & Finance

Offshore Wind CSOV Boosts Singaporean Company’s Revenue

Marco Polo Marine has reported a 27 per cent higher revenue in the first quarter of its 2026 fiscal year, compared to the same period in 2025, driven by the Group’s ship chartering business unit, which saw a 53 per cent revenue increase that came primarily from its offshore wind commissioning servic

about 5 months ago
Long-Standing Customer Taps Tekmar for Cable Protection Under EUR 4.7 Million Contract
Business & Finance

Long-Standing Customer Taps Tekmar for Cable Protection Under EUR 4.7 Million Contract

UK-headquartered Tekmar Group has won a contract worth over GBP 4 million (around EUR 4.68 million) under which it will deliver cable protection systems (CPS) for an offshore wind farm development in Europe. The contract was awarded by a long-standing customer, as Tekmar said, for the delivery of th

about 5 months ago
Scottish Businesses Invited to Apply for Offshore Wind Supply Chain Support Programme
Business & Finance

Scottish Businesses Invited to Apply for Offshore Wind Supply Chain Support Programme

Offshore Renewable Energy (ORE) Catapult has opened an application period for the first Fit For Offshore Renewables (F4OR) offshore wind supply chain support programme that targets businesses in Scotland. Up to ten companies will be selected to participate. The 18-month programme, supported with ind

about 5 months ago
Korea Midland Power Invests in 390 MW Shinan-Ui Offshore Wind Project, Construction to Start in April
Business & Finance

Korea Midland Power Invests in 390 MW Shinan-Ui Offshore Wind Project, Construction to Start in April

Korea Midland Power Company (KOMIPO) is investing KRW 96.1 billion (about EUR 56 million) in the 390 MW Shinan-Ui offshore wind project, the company said on 11 February. Financing for the offshore wind farm has been secured, and offshore construction is scheduled to begin in April, according to KOMI

about 5 months ago
Ørsted Launch Customer of UK’s First Commercial Biomethanol Bunkering Service
Business & Finance

Ørsted Launch Customer of UK’s First Commercial Biomethanol Bunkering Service

The UK’s first commercially ready biomethanol storage and supply service for shipping has been launched at the Port of Immingham, the largest port by cargo volume in the UK, as part of efforts to advance decarbonisation in maritime transport. The first company to use the new service will be the offs

about 5 months ago
CS Wind Gets Go-Ahead for Nordlicht 2 Transition Piece Contract
Business & Finance

CS Wind Gets Go-Ahead for Nordlicht 2 Transition Piece Contract

CS Wind Offshore has received the Final Notice to Proceed for the Nordlicht 2 transition pieces (TPs) from Vattenfall, which made the full final investment decision (FID) for its Nordlicht offshore wind projects in January. For the 1.6 GW Nordlicht cluster, CS Wind Offshore will deliver 68 TPs for t

about 5 months ago
Vestas Ends 2025 with All-Time High Revenue and EUR 10.1 Billion Offshore Wind Turbine Order Backlog
Business & Finance

Vestas Ends 2025 with All-Time High Revenue and EUR 10.1 Billion Offshore Wind Turbine Order Backlog

Vestas’s offshore wind turbine order backlog was worth EUR 10.1 billion as at 31 December 2025, according to the company’s annual report, which shows that for both onshore and offshore, the turbine order backlog amounted to 31,026 MW and a value of EUR 33.2 billion at the end of the year, EUR 1.6 bi

about 5 months ago
He Dreiht first power
Business & Finance

Google Enters Offshore Wind Power Purchase Agreement in Germany

Google has entered into a 15-year Power Purchase Agreement (PPA) with EnBW for electricity produced by 100 MW of capacity at the 960 MW He Dreiht offshore wind farm in Germany. The He Dreiht offshore wind farm is currently under construction about 85 kilometres northwest of the German island of Bork

about 5 months ago
Lidl Buys Offshore Wind Power from RWE in UK
Business & Finance

Lidl Buys Offshore Wind Power from RWE in UK

RWE has signed a five-year Power Purchase Agreement (PPA) with the discount supermarket Lidl GB. The agreement, which has already begun, covers an annual electricity supply of 100 GWh from RWE’s Gwynt y Môr offshore wind farm in the Irish Sea. Gwynt y Môr comprises 160 Siemens 3.6 MW wind turbines f

about 5 months ago
Norwegian Offshore Wind Suppliers’ Turnover Reached Over EUR 5 Billion in 2024, Report Says
Business & Finance

Norwegian Offshore Wind Suppliers’ Turnover Reached Over EUR 5 Billion in 2024, Report Says

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

about 5 months ago
Vard Delivers Second CSOV to Windward Offshore, Vessel to Soon Start Working for RWE
Business & Finance

Vard Delivers Second CSOV to Windward Offshore, Vessel to Soon Start Working for RWE

Windward Offshore has taken delivery of its second commissioning service operation vessel (CSOV), Windward Paris, from Vard, which delivered the new vessel ahead of schedule at its Vard Brattvaag yard, according to the vessel owner. The CSOV follows the delivery of the company’s first vessel of this

about 5 months ago
TenneT Germany DolWin5
Business & Finance

Germany Acquiring Stake in TenneT for EUR 3.3 Billion

TenneT Holding has reached an agreement with Kreditanstalt für Wiederaufbau (KfW) on behalf of the German State to sell a 25.1 per cent equity interest in TenneT Germany for approximately EUR 3.3 billion. The agreement with the German State was reached some four months after three major institutiona

about 5 months ago
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