Offshore wind construction company Eneti announced on 8 November that it would issue USD 200 million (around EUR 173 million) in shares of its common stock for public offering and would use the net proceeds to fund the construction of its offshore wind installation vessel programme. Scorpio Holdings
Nexans has officially opened its high-voltage subsea cable plant in Charleston, South Carolina, the first such facility in the United States. From the new facility, Nexans will deliver subsea cables up to 525kV HVDC and 400kV HVAC, covering the full range of needed products for export cables for off
Combined market losses in offshore wind grew from GBP 124 million (around EUR 145 million) in 2010-2015 to GBP 500 million (around EUR 585 million) by 2020, with the average insurance claim nearly doubling from GBP 1.67 million (around EUR 2 million) to GBP 3.08 million (around EUR 3.6 million) in t
Six European and Japanese companies have established Japan’s Floating Offshore Wind Group to actively promote floating offshore wind in the country. The newly launched group – set up by Equinor, Shell, Ocean Winds (a joint venture between EDP Renewables and ENGIE), Sumitomo Corporation Global Metals
NKT is expanding its presence in Poland with an execution center to prepare for the growing demand for offshore and onshore power cables driven by the development of the local offshore wind market.
Larger wind turbines and larger offshore wind projects alone can reduce a wind farm’s Levelised Cost of Energy (LCoE) by more than 23 per cent relative to the average fixed-bottom offshore wind farm installed in 2019, according to the research carried out by the US Department of Energy’s National Re
Siemens Gamesa has signed a Memorandum of Understanding (MoU) with China Energy United Power Technology Co. to license its 11 MW Direct Drive offshore technology for the Chinese market. The SG 11.0-200 DD is the most recent generation of Siemens Gamesa’s offshore wind turbine portfolio to enter seri
ESB’s offshore wind project partner in Ireland, Equinor, has decided not to continue with offshore wind development in the country, the Irish utility company and renewable energy developer confirmed to offshoreWIND.biz following this morning’s (4 November) news in the Irish Examiner. Equinor’s decis
Chiel van Daelen, CEO of TrustLube, tells our Live studio host Coco Kossmann about the importance of the company’s environmentally-friendly lubrication systems. “We are specialized in environmentally-friendly operated-based lubrication systems, meaning that we can save a huge amount of grease by doi
Casper Kunst, Commercial Manager at Navingo, the organization behind the OEEC and Navingo Career Event, shares his experience of the event and announces the next edition scheduled for November 2022. “The past two days have been really productive. I spoke to a lot of people, seen a lot of happy, smil
Listen to what the visitors of the Offshore Energy Exhibition & Conference (OEEC) had to say about this year’s event as Navingo’s Live studio host Coco Kossmann takes a stroll during the official closing drinks. Coert van Zijll Langhout, managing director at Navingo, says he is very proud of the eve
Carolien Vat-Sandee, director and co-founder of PortXL, and Seriena Bal, managing director of Buccaneer, tell us all about the importance of start-ups for established players, what makes a successful innovation, their leadership and accelerator programs, and more. According to Bal, research on innov
South Korean subsea cable manufacturer LS Cable & System and Canadian offshore wind developer Northland Power have signed a Memorandum of Understanding (MOU) on cooperation in the South Korean offshore wind market. LS Cable & System was recently selected as a preferred supplier of submarine cables f
Ørsted has reported a 43 per cent increase in revenue in its Offshore segment for the third quarter and a 32 per cent increase for the first nine months of this year, both compared to the same periods of 2020. While the company’s operating profit (EBITDA) in the Offshore segment halved in the third
