The fast-paced development of the offshore wind industry is causing the emergence of new, unforeseen jobs to which ports cannot cater as there is a lack of people and a lack of port capacity, Jesper Bank, Chief Commercial Officer of Port Esbjerg, said during a presentation in Denmark. Although the n
Seaway7 has signed a contract with ScottishPower Renewables, Iberdrola’s UK arm, for the transport and installation of foundations and inter-array cables for the 1.4 GW East Anglia Three offshore wind farm. The deal is worth between USD 500 million and USD 750 million, as per Subsea7’s definition of
OX2 and Ingka Investments have signed their third conditional agreement with a supplier for two of their offshore wind projects in Sweden, Triton and Galene, this time with Hitachi Energy for high-voltage equipment and systems, and power quality solutions for two onshore substations and up to eight
The Crown Estate has reported a record net revenue profit of GBP 442.6 million (around EUR 512 million) for the financial year 2022/23 thanks to earnings from option fees that the developers of the Round 4 offshore wind farms started paying this year. Offshore wind has also boosted the value of The
Dublin-headquartered aircraft lessor LCI has started delivering helicopters that will be leased under long-term arrangements to HeliService USA and be used on offshore wind projects. These are the first dedicated offshore wind helicopters in the United States. The offshore helicopter transport provi
Fugro will expand its regional centre of expertise for offshore wind, located in Norfolk, Virginia, as the company’s Virginia operations have grown over the past decade with the increase in the number of offshore wind projects on the US East Coast. The expansion, which was announced by Virginia Gove
Offshore Wind Consultants, an ABL Group company headquartered in London, has entered into an agreement to acquire 100 per cent of the shares of Denmark-based offshore wind consultancy, Delta Wind Partners (DWP). The acquisition, expected to close in the third quarter, is said to expand OWC’s technic
On 21 June, in the presence of the Republic of Korea’s President Yoon Suk-Yeol, Managing Partner of Copenhagen Infrastructure Partners (CIP), Jacob Baruël Poulsen, signed an Investment Notification Form with which CIP is committing to invest USD 350 million (approximately EUR 320.5 million) into off
Ingka Investments has completed its acquisition of a 49 per cent stake in OX2’s Finnish offshore wind projects that have a potential capacity of about 6 GW. On 12 May, the Swedish developer OX2 revealed that an agreement had been inked with Ingka Investments for the sale of 49 per cent of three offs
Iberdrola Deutschland and SHS – Stahl Holding Saar, an operational management holding company that performs tasks for the two major steel companies in the German state of Saarland, Dillinger and Saarstahl, have signed a 15-year power purchase agreement (PPA) for the Baltic Eagle offshore wind farm.
SSE Renewables is calling on European governments and regulators and internationally to make greater use of non-price criteria (NPC) in offshore wind energy auctions, whether for seabed or for contracts for difference (CfD). The renewable energy company said that the use of non-price criteria in auc
Germany’s Federal Network Agency has received several zero-subsidy bids across all four offshore wind areas currently under auction. The scenario of receiving multiple zero-cent bids for all of the sites now calls for the introduction of the so-called ”dynamic bidding process”, the agency said. The
Opergy Group and China-headquartered Mingyang Smart Energy Group have formed a strategic partnership to support the entry of Mingyang into the UK offshore wind market. The partnership aims to accelerate the development of UK offshore wind projects, with Mingyang already one of China’s largest manufa
Siemens Gamesa minority shareholders have approved a capital reduction for the remaining 2.21 per cent of shares not held by Siemens Energy in the Extraordinary General Meeting of Shareholders, paving the way for a full integration of both companies. The capital reduction was approved by 98.21 per c
