Wind turbine manufacturer Siemens Gamesa plans to terminate around 2,900 positions by Fiscal Year 2025, out of which 1,900 will be in Europe. The company said it is working with employee representatives to mitigate the impact of this adjustment as much as possible through natural attrition, internal
The Offshore Wind Growth Partnership (OWGP) has launched a new Innovation Grant funding competition aimed at decarbonising the offshore wind sector and improving reliability. Sponsored by Equinor, Ocean Winds, and ScottishPower Renewables, OWGP launched its latest Innovation Grant competition which
The following is a press release from Navingo BV, the owner of offshoreWIND.biz and organiser of the annual Offshore Energy Exhibition & Conference in Amsterdam, the Netherlands. BP is joining this year’s Offshore Energy Exhibition & Conference (OEEC) in Amsterdam as the sponsor of The Stage and on
Poland-based J.S. Hamilton Quality Services (JSHQS) and German company Steel Inspect have entered into an agreement to cooperate in inspection and expediting services in offshore wind, with a focus on the upcoming offshore wind farm projects in the Polish sector of the Baltic Sea. Under the agreemen
Sweden-headquartered OX2 has secured regulatory clearance to sell a 49 per cent stake in an up to 9 GW portfolio of offshore wind projects to the investment arm of Ingka Group, the largest retailer in the IKEA franchisee system. The deal is expected to be completed within two weeks. Under the agreem
The Shell-Ocean Winds joint venture has withdrawn its motion to suspend the proceedings to approve the long-term power purchase agreements (PPAs) for its 405 MW Mayflower Wind project, filed with the Massachusetts Department of Public Utilities (DPU) after Avangrid requested a one-month suspension o
Horizon Ocean Management (HOM), a subsidiary joint venture between Mitsui and Japan’s wind turbine maintenance company Hokutaku, has signed a collaboration agreement with the UK-based Briggs Marine to establish an offshore wind operations and maintenance (O&M) consultancy and service provision offer
PetroGreen Energy Corp. (PGEC) has partnered with Copenhagen Energy to form three separate special purpose vehicles (SPV) that will oversee the investment and development of offshore wind service contracts awarded by the Philippines’ Department of Energy in 2021. Earlier this month, PGEC and Copenha
Hanwha Engineering & Construction (Hanwha E&C) has signed a memorandum of understanding (MoU) with Norway-headquartered Equinor to jointly develop offshore wind farms in South Korea. The two companies have agreed to work together to jointly develop offshore wind farms that Hanwha E&C is contracted t
POSCO has received approval from DNV for its Gwangyang Works plant, which produces eco-friendly ‘Greenable’ steel plates and has certified the company’s standard plate product EN-S355 as steel for renewable energy. The certification process in March, after POSCO and DNV signed a Memorandum of Unders
Sandbrook Capital, a private investment firm headquartered in Connecticut, US, has acquired a majority stake in Havfram and has committed USD 250 million (NOK 2.65 billion) of equity capital to the Norwegian offshore wind services provider. Havfram will use the new capital to build a fleet of vessel
Spain’s National Securities Market Commission (CNMV) has authorised the voluntary cash tender offer of Siemens Energy for the 32.9 per cent of Siemens Gamesa’s share capital that it does not already own. Following a settlement of the offer, Siemens Energy, if it achieves at least 75 per cent of the
Equinor has disclosed its interest in developing gigawatt-scale floating offshore wind in the Celtic Sea, with the upcoming Celtic Sea floating wind seabed leasing round in view. The Crown Estate is planning a seabed leasing round in the Celtic Sea in 2023. As the developer and soon-to-be operator o
Ørsted has signed a Memorandum of Understanding (MoU) with Doosan Enerbility’s Vietnamese subsidiary, Doosan Vina, to cooperate on the supply of offshore wind turbine substructures. With the signing of this MoU, Doosan Vina will be supplying the monopile foundations for Ørsted’s global offshore wind
