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Business & Finance

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USA flag with CVOW wind turbine in the background
Business & Finance

US Offshore Wind Pipeline Tops 35 GW

The US offshore wind pipeline grew 24 per cent over the previous year, with 35,324 MW now in various stages of development, according to the US Department of Energy (DOE). A little over 6.8 GW of new capacity was added to the pipeline throughout 2020, according to the 2021 edition of the Offshore Wi

about 4 years ago
The Hornsea One offshore wind farm in the UK, built by Ørsted
Business & Finance

1.6 GW of Offshore Wind Went into Operation in First Six Months of 2021

A little more than 1.6 GW of offshore wind capacity became operational worldwide in the first half of 2021, which demonstrates a slowdown in global offshore wind growth likely caused by the impacts of COVID-19, according to the latest update by World Forum Offshore Wind (WFO) published in its Global

about 5 years ago
A Siemens Gamesa offshore wind turbine
Business & Finance

Siemens Gamesa Signs EUR 500 Million Guarantee Facility as Orders Pour In

Siemens Gamesa has signed a guarantee facility worth EUR 500 million with EKF and Danske Bank to back the delivery of offshore and onshore wind turbines from its order book. The guarantee facility will reinforce Siemens Gamesa’s ability to keep pace with growing future orders and allow the wind turb

about 5 years ago
Scots-planning-two-new-subsea-cable-factories
Business & Finance

Scots Planning Two New Subsea Cable Factories

Peel Ports Clydeport, owner of Hunterston Port and Resource Campus (Hunterston PARC), has signed an option agreement with XLCC for two factories in Ayrshire, Scotland, that would produce high voltage direct current (HVDC) subsea cables. The overall agreement includes building a 70-acre facility that

about 5 years ago
GE Haliade-X nacelle
Business & Finance

GE and PKN ORLEN Forge Offshore Wind Alliance in Poland

GE Renewable Energy and Poland’s PKN ORLEN have signed a Memorandum of Understanding to explore ways to work together to support the development of offshore wind projects in Poland. GE Renewable Energy is already an active player in the Polish wind market with over 300 onshore wind turbines deliveri

about 5 years ago
Van Oord Picks Baltic Eagle Inter-Array Cables
Business & Finance

Van Oord Taps TKF for Baltic Eagle Inter-Array Cables

Van Oord has awarded TKF with a contract to provide the inter-array cables for the Baltic Eagle offshore wind project in Germany. TKF is in charge of the production and delivery of approximately 79 kilometers of 66 kV inter-array cables and corresponding accessories. Van Oord’s cable-laying vessel N

about 5 years ago
The last two Smulders TPs being loaded out
Business & Finance

Marmen Welcon Teams Up with Smulders to Produce TPs for US Offshore Wind Market

Marmen Welcon, a joint venture between two manufacturers of onshore and offshore wind towers, has entered a strategic alliance with Smulders to produce transition pieces (TPs) for the US offshore wind market at Marmen Welcon facility which will be built in the Port of Albany. The companies will be t

about 5 years ago
A photo of maintenance work on top of an offshore wind turbine
Business & Finance

Deutsche Windtechnik Sets Up Offshore Ops in UK

Deutsche Windtechnik has established an offshore wind maintenance business unit in the UK, following the same move the company did in the onshore segment in 2016. The German company’s new unit in the UK, Deutsche Windtechnik Offshore Ltd., began operations on 1 August and is managed as an independen

about 5 years ago
Wind Orca to Sport KenzFigee Deck Crane
Business & Finance

Busy Jack-Up Duo Brings Cadeler 253 Per Cent More in H1 Revenue

Cadeler’s wind farm installation vessels Wind Orca and Wind Osprey have achieved 87 per cent utilisation, and at competitive market rates, in the first half of this year, bringing the company a 253 per cent increase in revenue compared to the same period in 2020. Last year, Cadeler reported a EUR 9

about 5 years ago
A photo of the offshore wind turbines at Triton Knoll site
Business & Finance

RWE Sets Up Offshore Wind Division

German energy company RWE has decided to reorganise its renewables businesses and manage the global offshore wind and onshore wind/PV businesses in separate divisions. Sven Utermöhlen will be responsible for the Offshore Wind division, and Silvia Ortín Rios will be in charge of Onshore Wind/PV. Mark

about 5 years ago
RWE and Kansai Form Floating Offshore Wind Pact in Japan
Business & Finance

RWE and Kansai EPCO Form Floating Offshore Wind Pact in Japan

Japan’s Kansai Electric Power (Kansai EPCO) and Germany’s RWE Renewables (RWE) have signed an agreement to jointly study the feasibility of a large-scale floating offshore wind project off the Japanese coast. The two companies agreed to further strengthen their existing relationship and leverage the

about 5 years ago
H2Mare
Business & Finance

Siemens Energy Leads Offshore Wind Power-to-X Project

Siemens Energy is coordinating a project which aims to couple offshore wind turbines with electrolyzers for direct conversion of the electricity into hydrogen. In addition, the project will also investigate further offshore power-to-X processes. The four-year H2Mare project comprises four joint proj

about 5 years ago
Turbine towed to Hywind Scotland, the first floating wind farm in the UK
Business & Finance

Investing in Ports Supporting Floating Wind Could Bring EUR 1.75 Billion to Scotland

Investing in additional 22 hectares of port capacity suitable for floating wind foundation fabrication could bring in GBP 1.5 billion (around EUR 1.75 billion) into Scotland, according to an independent report commissioned by the Scottish government and offshore wind industry and published on 20 Aug

about 5 years ago
An image rendering ADAPT feeder barge next to a wind turbine installation vessel
Business & Finance

SEA.O.G and Crosby Tugs Merge, Introduce New Feeder Barge for US Offshore Wind

SEA.O.G Offshore, an integrated services provider to the offshore energy industry, and marine transportation provider Crosby Tugs have merged to serve the US offshore wind sector and, as part of their now joint plan, have announced bringing a new feeder barge concept to the market. The companies, wh

about 5 years ago
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