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Business & Finance

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Shell Holds Stakes in Offshore Wind Companies in Japan and the Philippines
Business & Finance

Shell Holds Stakes in Offshore Wind Companies in Japan and the Philippines

Shell has been doing business in the offshore wind market for a while now, with a portfolio of projects in different stages in Europe, the Americas, and South Korea. The latter is not the only country in the Asia Pacific region where Shell is eyeing to build wind farms at sea, however, as the oil [&

about 3 years ago
TotalEnergies, Rise Reveal Plans for Offshore Wind Port Investments in New York
Business & Finance

TotalEnergies, Rise Reveal Plans for Offshore Wind Port Investments in New York

Shortly after the news that their proposed 1.4 GW offshore wind project in New York could bring over USD 25 billion in benefits to the state and a new GE manufacturing facility, TotalEnergies and Rise Light & Power announced plans for two offshore wind port facilities in New York Harbor. For their A

about 3 years ago
Drillship-Turned-Crane Vessel Gearing Up for Three US Offshore Wind Projects
Business & Finance

Drillship-Turned-Crane Vessel Gearing Up for Three US Offshore Wind Projects

Boskalis’s new offshore wind foundation installation vessel Bokalift 2, which went into service last year after being converted from a drillship into a crane vessel, is currently undergoing modifications in the Netherlands before its scheduled work in the United States. Bokalift 2 arrived in the Por

about 3 years ago
Vestas 15 MW prototype
Business & Finance

Vestas Board Chair Steps Down

The Chair of the Board of Directors of Vestas Wind Systems A/S, Bert Nordberg, has informed Vestas that he will not stand for re-election as board member in connection with the Annual General Meeting on 12 April 2023. Nordberg steps down after having chaired the Board of Vestas Wind Systems A/S duri

about 3 years ago
Copenhagen Offshore Partners Sets Up Dutch Office
Business & Finance

Copenhagen Offshore Partners Sets Up Dutch Office

Denmark-based Copenhagen Offshore Partners (COP) has expanded its footprint in Europe and opened a new office in Utrecht, the Netherlands. COP’s focus on the Dutch market is due to favorable conditions for offshore wind development in the Dutch North Sea with its relatively shallow waters, wind clim

about 3 years ago
Former Ørsted CCO Joins Copenhagen Infrastructure Partners
Business & Finance

Former Ørsted CCO Joins Copenhagen Infrastructure Partners

Former Ørsted’s Chief Commercial Officer (CCO) and Deputy Group CEO Martin Neubert will join Copenhagen Infrastructure Partners (CIP) as Partner, Group Chief Investment Officer (CIO), and member of the CIP management board. Martin Neubert left Ørsted in October last year as the company decided to im

about 3 years ago
Giant Haliade-X 12MW Blade Comes Together
Business & Finance

Developer Says Offshore Wind Project Could Bring USD 25+ Billion in Benefits to US State

Attentive Energy One (AE1), a joint venture of TotalEnergies and Rise Light & Power, said that its proposal to build an offshore wind farm off New York would, if approved, result in USD 25.6 billion in benefits to New York State. One of the cornerstones of its plans is a flagship manufacturing agree

about 3 years ago
Navantia, General Dynamics NASSCO Eye US Offshore Wind Opportunities
Business & Finance

Navantia, General Dynamics NASSCO Eye US Offshore Wind Opportunities

Navantia Seanergies has signed a Memorandum of Understanding (MoU) with the US shipyard General Dynamics NASSCO to jointly bid for offshore wind farm projects in the United States. The agreement was signed by the Director of Navantia Seanergies, Javier Herrador, and the President of General Dynamics

about 3 years ago
Energise Renewables founders, from left to right: Jonas Jacobsen, Naomi Campbell, and Adam Thyboe
Business & Finance

Former Star of the South Executive Team Members Launch Offshore Wind Consultancy

Three former members of the Star of the South project’s executive team have launched a consultancy company focused on offshore wind and are now recruiting with an aim to grow the team to more than ten people by the end of this year. The company, named Energise Renewables, has been founded in Melbour

about 3 years ago
Equinor, Petrobras Add 5 More Offshore Wind Projects to Their Partnership in Brazil
Business & Finance

Equinor, Petrobras Add 5 More Offshore Wind Projects to Their Partnership in Brazil

Petrobras and Equinor have signed a letter of intent that expands their cooperation in the offshore wind sector in Brazil to five more projects, on top of the two offshore wind farms that the companies are already working on. With seven projects in their joint viewpoint, Petrobras and Equinor now to

about 3 years ago
Ørsted Joins Global Offshore Wind Alliance
Business & Finance

Ørsted Joins Global Offshore Wind Alliance

Ørsted has become the first energy company to join the Global Offshore Wind Alliance (GOWA) to support a faster deployment of offshore wind and create a global community of action. GOWA is a new global organisation that brings together governments, the private sector, international organisations, an

about 3 years ago
An image rendering four new Edda Wind commissioning service vessels at an offshore wind farm
Business & Finance

Edda Wind Orders Four New CSOVs for EUR 250 Million

Norwegian owner and operator of vessels serving the offshore wind industry, Edda Wind, has placed a EUR 250 million order with Vard for four new commissioning service operation vessels (CSOVs), with options for ordering up to four additional CSOVs. The first two vessels will be built at Vard’s Roman

about 3 years ago
NKT and Prysmian to Connect New Dutch Offshore Wind Farms to Land
Business & Finance

NKT and Prysmian to Connect New Dutch Offshore Wind Farms to Land

TenneT has selected NKT and Prysmian to install five 525 kV XLPE HVDC cable connections for grid projects which will link new Dutch offshore wind farms to the national grid. TenneT’s next-generation, 2 GW grid connections in the Netherlands are scheduled to be completed between 2028 and 2030. NKT wi

about 3 years ago
An image showing Gulf of Mexico wind lease areas offshore Texas and Louisiana on a map
Business & Finance

Shell, TotalEnergies Eye New Projects in Gulf of Mexico and It’s Not Oil & Gas

With the first-ever offshore wind lease sale in the US part of the Gulf of Mexico on the horizon, several companies have prequalified for the auction. Not surprisingly, Shell and TotalEnergies, who have already secured offshore wind leases on the US East Coast and operate oil and gas assets in the G

about 3 years ago
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