Offshore wind service vessel company Edda Wind has entered into a green loan facility agreement for the pre- and post-delivery of three commissioning service operation vessels (CSOVs) under construction at Gondan shipyard in Spain. The facility agreed with Crédit Agricole Corporate and Investment Ba
The Danish Energy Agency (DEA) and the California Energy Commission (CEC) have extended their cooperation on offshore wind and energy efficiency which was established back in 2017. The renewed cooperation now involves DEA assisting the Californian authorities with optimising the legislative framewor
Sif Holding has made a Final Investment Decision to construct the world’s largest monopile foundation manufacturing plant in Rotterdam, the Netherlands. The construction of the EUR 328 million facility is expected to start in April 2023, Sif said. The plant will be built at the 62-hectare Maasvlakte
Siemens Gamesa has revealed plans to build a major manufacturing facility for offshore wind turbine nacelles at the Port of Coeymans, in New York, if wind farms comprising its turbines are selected by the state in the ongoing third offshore wind solicitation. This is the second facility the company
Atlantic Shores Offshore Wind, a 50:50 US partnership between Shell and EDF Renewables, has joined the Northeast Clean Hydrogen Hub, a major multi-state initiative in the US that plans to develop a proposal to become one of up to 10 regional clean hydrogen hubs in the country. The developer of a 1.5
Ørsted and the Incheon Free Economic Zone Authority (IFEZA) have signed a memorandum of understanding (MoU) to strengthen the cooperation on the green transformation and carbon neutrality of the Incheon Free Economic Zone (IFEZ) in South Korea. Under the MoU, Ørsted Korea and IFEZA agreed to explore
The Official Receiver of the insolvent Polish manufacturer of offshore wind foundations, ST3 Offshore, is putting the company up for sale once again. This is most likely the last time buyers are invited to take over ST3 Offshore as a complete entity, following several earlier attempts to sell the co
TenneT is investigating the possible sale of its German activities to the German state in order to achieve the energy transition objectives, the Dutch-German transmission system operator (TSO) said. In recent years, TenneT has developed into the world’s largest investor and operator of offshore wind
Offshore Energy Exhibition & Conference (OEEC) 2023, Europe’s premier meeting point for the offshore energy sector, has opened the floorplan for this year’s event. In 2023, as in the years before, OEEC will bring together professionals from oil & gas, offshore wind, floating wind, marine energy, hyd
Siemens Gamesa and Doosan Enerbility have signed a binding framework agreement for a strategic partnership for the South Korean offshore wind market. The agreement follows a non-binding Memorandum of Understanding (MOU) the two companies signed in June, under which they were first investigating pote
As reported last month, Siemens Gamesa Renewable Energy posted a significant net loss for its Q1 2023 (October–December 2022), mainly due to specific components’ failure rates, and its net financial debt totalled EUR 1.9 billion as of 31 December 2022. However, looking long-term, the company sees a
Ørsted reported an EBITDA of DKK 21.1 billion (approximately EUR 2.84 billion) for 2022 and expects this year’s operating profit to be in the similar range, between DKK 20 billion and DKK 23 billion (approx. EUR 2.67 billion and EUR 3.09 billion). For its offshore business, the developer anticipates
Last November, the annual Offshore Energy Exhibition and Conference took place in Amsterdam. The UK’s Department for International Trade (DIT) and wider UK Government partners organised and participated in various activities over the two-day programme, spotlighting the strength of UK offshore energy
Gwynt Glas Floating Wind Energy, a joint venture between EDF Renewables UK and DP Energy, has announced details of its first local supply chain event taking place on 1 March. The event, which will be held at Parc y Scarlets, South Wales, is open to businesses interested in finding out about regional
