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Business & Finance

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A photo of an offshore wind farm on a calm day at sea
Business & Finance

Equinor Enters Australian Offshore Wind Market

Equinor has entered into partnership with the company established by two of the co-founders of the Star of the South, Australia’s first proposed offshore wind farm, to develop offshore wind projects in the country. The partnership marks Equinor’s entrance into the Australian offshore wind market. “O

about 3 years ago
Thor Wind Turbine
Business & Finance

Geophysical Surveys Starting at Irish 1 GW Floating Offshore Wind Project

A geophysical site survey campaign is set to begin in September at the proposed Inis Ealga Marine Energy Park floating offshore wind project in Ireland. DP Energy Ireland plans to kick off the geophysical surveys on 2 September at the site located off counties Cork and Waterford. The works will be c

about 3 years ago
Thor Wind Turbine
Business & Finance

Fugro to Survey Site for Norway’s First Large-Scale Offshore Wind Farm

Fugro has secured a marine site characterization contract from the Norwegian Petroleum Directorate (NPD) for the Sørlige Nordsjø II project, set to become the first large-scale offshore wind farm in Norway. The work scope will include mapping the seafloor and sub-seafloor to expand understanding of

about 3 years ago
Greencoat Completes Transaction to Acquire 12.5 Pct of Hornsea One
Business & Finance

Greencoat Completes Transaction to Acquire 12.5 Pct of Hornsea One

Greencoat UK Wind has completed its acquisition of a net 12.5 per cent stake in the Hornsea One offshore wind farm in the UK, currently the world’s largest offshore wind farm in operation. Greencoat announced the signing of an agreement to acquire the stake on 16 May 2022 and said the buy-in will be

about 3 years ago
Thor Wind Turbine
Business & Finance

DP Energy Plans to Enter Australian Offshore Wind Market

The international renewable energy company DP Energy has unveiled plans for five separate offshore wind projects in Australia after the government introduced more supportive policy for the sector. These five areas are off the coast of Warrnambool in Western Victoria, Wonthaggi and Port Albert in the

about 3 years ago
Thor Wind Turbine
Business & Finance

Japanese Vessel Owners Team Up on Offshore Wind Vessel Management

“K” Line Wind Service and Penta-Ocean Construction (POC) have entered into an agreement on future collaboration on vessel management in the offshore wind sector. Under the Memorandum of Understanding (MoU), the companies plan to draw on their expertise in each respective area and management resource

about 3 years ago
DEME and Havfram Enter Offshore Wind Partnership in Norway
Business & Finance

DEME and Havfram Enter Offshore Wind Partnership in Norway

DEME Offshore and Havfram have signed a Memorandum of Understanding (MoU) to jointly offer construction services to the offshore wind farm sector in Norway, starting with projects to be selected through the upcoming lease auction for the Sørlige Nordsjø II area. The companies say they plan to play a

about 3 years ago
Thor Wind Turbine
Business & Finance

Royal IHC Lands Cable Lay Spread Order from Boskalis

Royal IHC has won a contract by Boskalis for the delivery of an advanced modular cable lay spread (MCLS) that will be used in the offshore wind industry. The cable lay system will be used for the installation of inter-array power cables and associated cable protection systems (CPS). Royal IHC will d

about 3 years ago
TotalEnergies, Iberdrola and Norsk Havvind Now Jointly Known as ‘Skjoldblad’ in Norway
Business & Finance

TotalEnergies, Iberdrola and Norsk Havvind Now Jointly Known as ‘Skjoldblad’ in Norway

After establishing a consortium to develop offshore wind projects in Norway in 2021, TotalEnergies, Iberdrola, and Norsk Havvind have now officially announced the consortium’s name: Skjoldblad. The three companies joined forces in November 2021 with a goal to respond to the Norwegian 4.5 GW Utsira N

about 4 years ago
Thor Wind Turbine
Business & Finance

Marco Polo Marine Reports 139 Pct Increase in Q3 Revenue, Boosted by Offshore Wind

Singapore-based shipbuilder and vessel provider to the oil and gas and offshore wind sectors, Marco Polo Marine, has reported a 139.5 per cent increase in revenue for the third quarter of the fiscal year, partly driven by a significant increase in average charter rates. On 18 August, the company pub

about 4 years ago
Thor Wind Turbine
Business & Finance

Ørsted Reaches Recognition Agreement with Energy Trade Union

Ørsted and trade union Prospect have reached a landmark recognition agreement that will cover all employees involved in the operation and maintenance (O&M) of Ørsted’s twelve operational offshore wind farms in the UK. The agreement will see Prospect recognised as the sole negotiating body for the te

about 4 years ago
Thor Wind Turbine
Business & Finance

Rise Light & Power Proposes to Replace New York City Fossil Fuel Generation with Offshore Wind

Rise Light & Power has revealed its Queensboro Renewable Express (Queensboro) plan, an offshore wind transmission project that will bring renewable energy to Queens and replace existing fossil fuel generation. The company’s idea is to use multiple sets of transmission cables to bring up to 3.9 GW of

about 4 years ago
GE Haliade-X
Business & Finance

New Jersey Steps Into Patent Dispute Between GE and Siemens Gamesa

The US State of New Jersey has argued that its residents will be ”irreparably harmed” if the 1.1 GW Ocean Wind offshore wind project is not exempt from a permanent injunction against the use of GE Haliade-X wind turbines on offshore wind projects in the USA sought by Siemens Gamesa. Back in June, a

about 4 years ago
Thor Wind Turbine
Business & Finance

EDF Renewables Joins Local Developer in Bidding at Taiwan’s Upcoming Offshore Wind Tender

Taiwan’s offshore wind developer Taiya Renewable Energy and French energy major EDF Renewables have entered into a partnership to jointly bid in Taiwan’s upcoming auction with the Huan-Yang offshore wind project, developed by Taiya Renewable Energy. The Huan-Yang wind farm is proposed to be built of

about 4 years ago
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