The OEG Offshore group, a UK-based offshore energy services company, is set to launch a new division named OEG Renewables (OEGR) with the goal of providing integrated solutions to the offshore wind sector worldwide. The new division will combine specialist services from companies which OEG Offshore
Ørsted and Vestas have entered into a partnership that will see Ørsted using low-carbon steel towers and blades made from materials obtained through the newly developed recycling process in all of its future offshore wind farms which will feature Vestas wind turbines. When ready for commercial manuf
The Tasmanian Government has signed a Memorandum of Understanding (MoU) with the owners of the Bass Offshore Wind Energy Project (BOWE) to work together to supply northern Tasmania with green offshore wind energy. In December 2022, Equinor and Australian renewables developer Nexsphere joined forces
SouthCoast Wind, the developer of an offshore wind lease area off the coast of Massachusetts, has started discussions with this US state’s representatives and utilities to terminate its existing Power Purchase Agreements (PPAs) citing ”material and unforeseen supply chain and financing cost increase
On 2 June, BlueFloat Energy announced that the company had secured contracts for four (floating) offshore wind project sites in the Philippines and thus entry into the country’s offshore wind market. These are Wind Energy Service Contracts (WESCs), or Offshore Wind (OSW) Service Contracts (SCs), tha
ESB and Ørsted have signed an agreement to jointly develop a portfolio of up to 5 GW of offshore wind and complementary green hydrogen projects in Ireland, with the first of these offshore wind projects expected to compete in the next Irish auction, ORESS 2.1. The agreement also marks Ørsted’s entry
Public Service Enterprise Group Inc. (PSEG) has completed the sale of its 25 per cent equity interest in 1.1 GW Ocean Wind 1 offshore wind project to Ørsted North America. With this executed agreement, Ørsted North America has reimbursed PSEG for all of its cumulative outlays in the Ocean Wind 1 pro
Norwegian Offshore Wind teams up with the Polish cluster of Composite Technologies to strengthen the cooperation between Poland and Norway in offshore wind. Together with Rosenberg Worley, the University of Stavanger, and Fundacja Partnerstwa Technologicznego, a research institute, the clusters have
Subsea 7, in collaboration with OneSea Energy, has secured GBP 150,000 (around USD 187,000) in funding from the Scottish government to investigate pairing a large-scale floating hydrogen production system with a floating wind farm offshore Scotland. The funding was awarded as part of the Hydrogen In
International engineering and contracting group Semco Maritime has entered into an agreement to acquire German full-service provider Wind Multiplikator for an undisclosed sum. The transaction also includes all activities in offshore service provider OWS Off-Shore Wind Solutions, which is part of Win
RWE has decided to strengthen its position in the German offshore market by becoming the sole owner of the 1.6 GW cluster of offshore wind farms in the German North Sea. The Nordseecluster, consisting of four sites located north of the Juist island, was formerly co-developed with Canadian company No
Ørsted and Eversource Energy have signed an agreement under which Ørsted will acquire 50 per cent interest in the uncontracted offshore wind lease area in the US the two companies currently own together. Eversource is also looking at selling its 50 per cent stake in the three jointly owned contracte
EDP has transferred its 25.4 per cent stake in floating offshore wind platform company Principle Power to Ocean Winds, a 50:50 joint venture between EDP Renewables and Engie. With this transaction and adding to its previous ownership, Ocean Winds now holds a total of 36.25 per cent of Principle Powe
BW Ideol has signed a Head of Terms with Elawan Energy for the joint development of a multi-GW floating offshore wind pipeline off Spain and Portugal, subject to further negotiation of the final agreement between the two companies. Elawan Energy, an ORIX company based in Spain, has more than 2.6 GW
