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Business & Finance

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UK Monopile Factory Changes Location, New Address at Teesworks
Business & Finance

UK Monopile Factory Changes Location, New Address at Teesworks

SeAH Wind Ltd will build a GBP 200-300 million UK XXL monopile manufacturing facility at Teesworks and not at Able UK’s Able Marine Energy Park (AMEP) on the South Bank of the Humber as initially planned. SeAH Wind Ltd, a subsidiary of South Korea’s pipe manufacturer SeAH Steel Holdings, has not spe

about 4 years ago
A photo of the Block Island Wind Farm's turbine with a US flag visible on the right
Business & Finance

Danish Marine Survey Specialist Exits US Offshore Wind Market

Denmark-headquartered marine survey provider, Survey Association, has decided to exit the US offshore wind market. Survey Association has been involved in the offshore wind markets in Europe and Japan for more than two decades. In 2020, the company formed a strategic alliance with Charles Taylor Mar

about 4 years ago
Eni Completes Dogger Bank C Stake Buy
Business & Finance

Eni Completes Dogger Bank C Stake Buy

Italian oil and gas major Eni has completed the aquisition of a 20 per cent stake in the 1.2 GW Dogger Bank C offshore wind farm in the UK. Eni bought the stakes from Equinor (ten per cent) and SSE Renewables (ten per cent). Eni is already a partner with SSE Renewables and Equinor on […]

about 4 years ago
Macron: France to Build 50 Offshore Wind Farms by 2050
Business & Finance

Macron: France to Build 50 Offshore Wind Farms by 2050

French President Emmanuel Macron has announced that France will have around 40 GW of offshore wind capacity in operation by 2050. This capacity corresponds to around 50 offshore wind farms, President Macron said in a speech at GE’s steam turbine factory for nuclear power plants in Belfort. The offsh

about 4 years ago
Surveys-on-Norfolk-Offshore-Wind-Farm-Extensions-to-Start-in-March
Business & Finance

Surveys on Norfolk Offshore Wind Farm Extensions to Start in March

Hydrographic and geophysical surveys are set to start on the proposed Sheringham Shoal and Dudgeon Extension offshore wind projects in March. The vessel Ocean Research is expected to begin the work around 1 March offshore the North Norfolk coast. Activities will continue for an estimated 120 days, e

about 4 years ago
Ørsted's Borkum Riffgrund 2 offshore wind farm in Germany
Business & Finance

Ørsted Completes Borkum Riffgrund 3 Farm-Down

After signing an agreement with Glennmont Partners in October 2021, Ørsted has now completed the divestment of 50 per cent of the 900 MW Borkum Riffgrund 3 offshore wind farm in Germany. This was the developer’s first farm-down to an institutional investor signed prior to taking a final investment d

about 4 years ago
Norway Adds Phases, Interconnection Limits to Offshore Wind Auctions
Business & Finance

Norway Adds Phases, Interconnection Limits to Offshore Wind Auctions

The Government of Norway has revealed further details about the upcoming offshore wind auctions at the Sørlige Nordsjø II and Utsira Nord zones with a combined capacity of 4.5 GW. The 3 GW of fixed-bottom capacity at the Sørlige Nordsjø II zone will be auctioned off in two 1.5 GW phases. The auction

about 4 years ago
Malta-Research-assessing-CO2-role-in-development-of-offshore-energy-storage
Business & Finance

University of Malta Studying Role of CO2 in Offshore Energy Storage Development

Researchers at the University of Malta have kicked off research to assess how the significant amounts of CO2 available from carbon capture and storage (CCS) facilities may support offshore energy storage systems co-located within the same footprint of wind farms. The Investigating the thermal perfor

about 4 years ago
Forth Ports Acquires OM Heavy Lift for Future Offshore Renewables Projects
Business & Finance

Forth Ports Acquires OM Heavy Lift for Future Offshore Renewables Projects

Forth Ports Limited (Forth Ports) has acquired Dundee-based heavy lifting specialist OM Heavy Lift (OMHL) to offer a full-service package for offshore renewables projects. Financial details of the acquisition have been left undisclosed. Forth Ports announced that the acquisition of OMHL will enhance

about 4 years ago
Vattenfall to Bid in Norwegian Offshore Wind Auction
Business & Finance

Vattenfall to Bid in Norwegian Offshore Wind Auction

Vattenfall has joined forces with Norwegian company Seagust to bid for offshore wind areas in Norway’s upcoming licensing rounds. The two companies have established a joint venture to participate in the auction, which represents Vattenfall’s entry into the Norwegian offshore wind market. The compani

about 4 years ago
Offshore wind turbines in the sunset.
Business & Finance

Race for New Offshore Wind Acreage Starts in Poland

Polish energy companies PKN Orlen and PGE have separately submitted multiple applications for location permits to develop offshore wind farms in newly designated areas of the Polish Baltic Sea. The Polish Ministry of Infrastructure opened a 60-day window for developers to apply for location permits

about 4 years ago
US Oil & Gas Vessel Operator Eyes Offshore Wind for Newly Acquired Vessels
Business & Finance

US Oil & Gas Vessel Operator Eyes Offshore Wind for Newly Acquired Vessels

US offshore support vessel (OSV) operator Hornbeck Offshore plans to offer vessels from its fleet for deployment on offshore wind projects in the country, according to the company’s latest press release on acquiring three OSVs from the US Department of Transportation’s Maritime Administration (MARAD

about 4 years ago
POSH
Business & Finance

POSH Divests Taiwan Joint Venture, Shifts Into ‘Fast-Growing’ Floating Wind Market

Singapore-headquartered offshore marine services provider, PACC Offshore Services Holdings Ltd. (POSH) will be shifting its push into renewables away from operational support in the fixed wind market into the development of the “fast-growing” floating wind market. As a consequence, POSH has divested

about 4 years ago
Dutch Industrial Park to Run on Offshore Wind
Business & Finance

Dutch Industrial Park to Run on Offshore Wind

USG Industrial Utilities (USG) has signed a power purchase agreement (PPA) with Eneco for a portion of electricity generated at the Fryslân wind farm located in lake IJsselmeer, the Netherlands. Starting January 2022, some 350 GWh of electricity generated at the Fryslân wind farm will be supplied to

about 4 years ago
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