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Business & Finance

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Changhua
Business & Finance

Ørsted’s Greater Changhua 2b & 4 Expected to Move into Construction Phase This Year

Ørsted expects to reach a final investment decision (FID) on its next offshore wind project in Taiwan, the 920 MW Greater Changhua 2b & 4, during this year, as planned. This will move the project into the construction phase and set it on the path towards commissioning in 2025. Ørsted was awarded rig

about 3 years ago
Vineyard Wind and Shoreline Offshore to Build CTV Terminal in New Bedford
Business & Finance

Vineyard Wind and Shoreline Offshore to Build CTV Terminal in New Bedford

Vineyard Wind, a joint venture between Avangrid and Copenhagen Infrastructure Partners (CIP), has entered into a partnership with Shoreline Offshore to build a berthing and fueling area for crew transfer vessels (CTVs). The work will involve deploying two floating barges on Pope’s Island, New Bedfor

about 3 years ago
RWE Orders 100 MW Electrolysers for Offshore Wind to Hydrogen Project
Business & Finance

RWE Orders 100 MW Electrolysers for Offshore Wind to Hydrogen Project

German energy company RWE has ordered two 100-megawatt proton exchange membrane (PEM) electrolysers from Linde Engineering for its GET H2 hydrogen project. The two electrolyser plants, which will be powered by offshore wind from the North Sea, are part of RWE’s efforts to build a total of 300 MW of

about 3 years ago
Texan-Norwegian Partnership Has Floating Wind Plans for Gulf of Mexico’s Oil & Gas Assets
Business & Finance

Texan-Norwegian Partnership Has Floating Wind Plans for Gulf of Mexico’s Oil & Gas Assets

Oceaneering, a Norwegian subsidiary of Texas-headquartered Oceaneering International, and Havfram-owned company Kontiki Winds are teaming up on microgrid electrification projects using floating wind turbines to power offshore oil and gas assets and remote island states. Under a Memorandum of Underst

about 3 years ago
An image showing Vestas 9.5 MW wind turbines at sea
Business & Finance

Vestas Misses Full-Year Revenue Guidance After Rocky Fourth Quarter

Danish wind turbine maker Vestas said its full-year results will be lower than the outlook after the fourth quarter results were negatively impacted by additional challenges. The negative impact in the fourth quarter has caused the full-year results to be lower than the outlook, primarily driven by

about 3 years ago
Overcoming Floating Wind Challenges Is Key to Global Energy Transition – Houlder
Business & Finance

Overcoming Floating Wind Challenges Is Key to Global Energy Transition – Houlder

The following article is a guest post by Mark Goalen, Director – Offshore Engineering, Houlder. The scaling up of renewable energy capacity will be essential for the success of the global energy transition. Increasing offshore wind capacity is, in turn, key to scaling up renewable energy production

about 3 years ago
GE Haliade-X
Business & Finance

GE Proposes Two Offshore Wind Plants in New York

GE has submitted a plan to construct two new manufacturing facilities in New York if it wins a sufficient volume of orders from customers in the State’s ongoing solicitation for up to 4.6 GW of offshore wind. GE proposed building the factories with Carver Companies at their Port of Coeymans site. Sh

about 3 years ago
Photo from Borkum Riffgrund 2 which came into operation in 2018.
Business & Finance

New York Showdown Imminent as Big Names Submit Their Offshore Wind Bids

New York’s third competitive offshore wind solicitation has attracted bids from a number of major players including Ørsted and Eversource, Equinor and bp, RWE and National Grid, Invenergy and energyRe, and Rise Light & Power, among others. In July of 2022, New York’s Governor Kathy Hochul announced

about 3 years ago
New England States Working Together on Offshore Wind Grid Infrastructure
Business & Finance

New England States Working Together on Offshore Wind Grid Infrastructure

The US states of Connecticut, Maine, Massachusetts, and New Hampshire, with support from Vermont and New Hampshire, have jointly applied to the Department of Energy (DOE) for funding needed to build transmission projects that will integrate offshore wind. With the potential for more than 14 GW of of

about 3 years ago
Siemens Gamesa Chairman Warns European Wind Industry in Critical Situation as Shareholders Approve Delisting
Business & Finance

Siemens Gamesa Chairman Warns European Wind Industry in Critical Situation as Shareholders Approve Delisting

Siemens Gamesa’s now non-executive Chairman of the Board of Directors, Christian Bruch, has warned that the European wind industry is in a critical situation in his address to the shareholders following the vote to approve the delisting of the company. ”Despite big investments flowing into renewable

about 3 years ago
Italian Steelmaker Teams Up with Floating Offshore Wind Developers
Business & Finance

Italian Steelmaker Teams Up with Floating Offshore Wind Developers

Italian steel company, Acciaierie d’Italia, and the Falck Renewables and BlueFloat Energy´s partnership have signed a letter of intent and have established a technical working group on strategic collaboration for the development of renewable energy projects. There are four potential development area

about 3 years ago
Seajacks Zaratan at Akita Noshiro
Business & Finance

Seajacks Signs Two New Contracts in Europe, Secures Three Extensions

Eneti’s subsidiary Seajacks UK Limited has signed two new contracts in Northwestern Europe for between 75 and 102 days of employment for one of its NG2500-class vessels, the parent company said on 24 January. The new contracts, for which the company secured higher rates, will generate between USD 5.

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

Half of US Offshore Wind Pipeline at Risk of Delays Beyond 2030 – Report

Half of the US offshore wind energy projects in the pipeline are at risk of being delayed beyond 2030 because of limited port and vessel infrastructure and domestic manufacturing, according to a new report co-authored by the National Renewable Energy Laboratory (NREL) and the Business Network for Of

about 3 years ago
Offshore Wind Tower Factory to Be Built in Poland
Business & Finance

Offshore Wind Tower Factory to Be Built in Poland

Spain’s GRI Renewable Industries and the Polish Industrial Development Agency (IDA JSC or ARP) have created a joint venture for the construction of a new offshore wind tower factory in the city of Gdansk, Poland. The estimated value of this investment is more than EUR 200 million, and production is

about 3 years ago
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