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Business & Finance

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A.P. Moller Holding Targets Top Spot in Offshore Wind with Maersk Supply Service Buy
Business & Finance

A.P. Moller Holding Targets Top Spot in Offshore Wind with Maersk Supply Service Buy

Denmark’s A.P. Møller Holding (A.P. Moller Holding) has entered into an agreement to acquire Maersk Supply Service from A.P Møller – Mærsk. The ambition is to establish a leading offshore marine company servicing the offshore wind industry by building on the solid and extensive capabilities and asse

about 3 years ago
SK oceanplant Corio
Business & Finance

Corio and SK Oceanplant to Jointly Develop 6.8 GW of Offshore Wind Projects

South Korean SK oceanplant, the offshore wind power business arm of SK ecoplant, and Corio Generation, a portfolio company of Green Investment Group (GIG), have signed a memorandum of understanding (MoU) to work together on offshore wind projects in six regions around the world. Under the MoU, the t

about 3 years ago
Wind turbines reaching above clouds
Business & Finance

Lithuania Outlines Offshore Wind Auction Plans

The Lithuanian Government has approved the requirements for developers for the country’s first-ever offshore wind auction, expected to be announced by the National Energy Regulatory Council (VERT) on 30 March. According to the government’s decision, prospective bidders will have to have an average r

about 3 years ago
A photo of the Burbo Bank Extension offshore wind farm in the UK
Business & Finance

UK Sets GBP 205 Million CfD Round 5 Budget, Offshore Wind Projects to Compete for Support from Established Technologies’ Pot

The UK government has confirmed the budget of GBP 205 million (around EUR 233 million) for this year’s Contracts for Difference (CfD) scheme. Most of this budget in CfD Round 5, set to open for applications on 30 March, will be available for established technologies which, for the first time, includ

about 3 years ago
California County Rolls Up Sleeves on Floating Offshore Wind Workforce and Supply Chain Development
Business & Finance

California County Rolls Up Sleeves on Floating Offshore Wind Workforce and Supply Chain Development

The Board of Supervisors of Humboldt County, California, has approved several motions related to the upcoming development of floating wind farms off the county’s coast, including executing a grant agreement with the State to support developing a local skilled workforce and supply chain. This is an e

about 3 years ago
Victoria Issues Offshore Wind Implementation Statement
Business & Finance

Victoria Issues Offshore Wind Implementation Statement

Victorian Energy and Resources Minister Lily D’Ambrosio has released the Victorian Offshore Wind Energy Implementation Statement 2 which sets out how this Australian State will leverage industry-led investment in offshore wind for the first tranche of projects that will deliver at least 2 GW by 2032

about 3 years ago
Kent Llŷr 1 and 2
Business & Finance

Floventis Energy Picks Owner’s Engineer for Llŷr Floating Offshore Wind Farms

Floventis Energy has awarded Kent an Owner’s Engineer contract for its Llŷr 1 and 2 offshore wind farms in the Celtic Sea. On this project and in partnership with Vekta Group, Kent will provide multidisciplinary Owner’s Engineer support, covering CDM, hull and mooring, electrical, WTG, site layout,

about 3 years ago
Haizea Bags EUR 200 Million Monopile Contract for East Anglia Three Offshore Wind Farm
Business & Finance

Haizea Bags EUR 200 Million Monopile Contract for East Anglia Three Offshore Wind Farm

Spanish wind turbine tower manufacturer Haizea Wind Group and ScottishPower, Iberdrola’s energy company in the UK, have signed an agreement worth more than EUR 200 million for the supply of 50 monopiles for the 1.4 GW East Anglia Three offshore wind farm. The monopiles will be delivered from Haizea’

about 3 years ago
Norwegian Offshore Wind Japan Wind Power Association
Business & Finance

Norwegians and Japanese Bolster Offshore Wind Bond

The organisations, Norwegian Offshore Wind and Japan Wind Power Association (JWPA), have signed a memorandum of understanding (MoU) in Tokyo which aims to get the business going between the countries’ offshore wind companies. Both the Norwegian supply chain and developers are interested in the emerg

about 3 years ago
Ocean Winds
Business & Finance

Ocean Winds Forges Ties with Portuguese Port

Ocean Winds (OW), a joint venture between EDP Renewables and Engie, has signed a memorandum of understanding (MoU) with the Port of Setúbal in Portugal to work together on preliminary steps in getting the port infrastructure ready for the upcoming offshore wind development in the country. José Pinhe

about 3 years ago
Japanese Company Takes Stake in 1.2 GW Hornsea One Offshore Wind Farm
Business & Finance

Japanese Company Takes Stake in 1.2 GW Hornsea One Offshore Wind Farm

Japan’s Daiwa Energy & Infrastructure, a strategic investment arm of Daiwa Securities Group, has acquired a minority stake in the 1.2 GW Hornsea One offshore wind farm in the UK. Daiwa Energy & Infrastructure announced the transaction on 10 March, saying that it is constructed on the company’s partn

about 3 years ago
Blue Water Enters 5-Year Deal to Handle Vestas Wind Turbine Components
Business & Finance

Blue Water Enters 5-Year Deal to Handle Vestas Wind Turbine Components

Vestas has signed a five-year agreement with Blue Water for handling wind turbine components at Blue Water’s terminals in Denmark and Germany. The agreement covers terminal handling of the heavy wind turbine components, stevedoring, storage and service for five years on all Vestas’ components which

about 3 years ago
A photo of the Block Island Wind Farm's turbine with a US flag visible on the right
Business & Finance

US President Proposes More Money for Offshore Wind Activities and No Tax Subsidies for Oil and Gas in 2024 Budget

On 9 March, the Biden-Harris administration released the President’s Budget for Fiscal Year (FY) 2024, with funds for federal agencies’ activities in offshore wind proposed to be increased. The budget also supports the agencies’ work on the next National OCS Oil and Gas Leasing Program, however, in

about 3 years ago
Van Oord: Demand in Offshore Wind ‘Increased Exponentially’ in 2022, But Returns ‘Unsatisfactory’
Business & Finance

Van Oord: Demand in Offshore Wind ‘Increased Exponentially’ in 2022, But Returns ‘Unsatisfactory’

Van Oord has seen the demand in the offshore wind market increase exponentially in 2022, the Dutch marine contractor’s CEO Pieter van Oord said. Van Oord’s Offshore Wind business unit had what the company has described in its financial report for 2022 as a ”a busy year”, recording EUR 599 million re

about 3 years ago
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