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Business & Finance

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An aerial photo of the Avedøre Power Station
Business & Finance

Ørsted Adds Carbon Capture to Its Offshore Wind-Powered Project in Denmark

Ørsted could build its first carbon capture facility at the Avedøre Power Station in Copenhagen as part of the Green Fuels for Denmark development, for which the developer recently entered into an agreement to offtake power from the new 250 MW Aflandshage offshore wind farm. The company, which owns

about 5 years ago
A wind turbine technician climbing up an offshore wind turbine
Business & Finance

Oil Giant BP Announces Offshore Wind Bid in Norway

British oil and gas major BP is joining the recently established consortium between Statkraft and Aker Offshore Wind, which is preparing a bid to build an offshore wind farm in Norway. The consortium will propose to develop an offshore wind project in the Sørlige Nordsjø II (SN2) area, with a plan t

about 5 years ago
A photo of Dublin Offshore's Load Reduction Device (LRD) for Floating Offshore Wind (FOW) moorings.
Business & Finance

Eight Scotland-Funded Projects Present Novel Solutions for Floating Wind

Eight floating wind technology innovation projects that were winners in a Scottish Government-funded competition have announced the results of their 12-month developments. Each project received a share of the GBP 1 million fund along with industry guidance to undertake a range of activities, from de

about 5 years ago
Polish TSO to Invest EUR 1 Billion to Prepare Grid for Offshore Wind Power
Business & Finance

Polish TSO to Invest EUR 1 Billion to Prepare Grid for Offshore Wind Power

Poland’s transmission system operator Polskie Sieci Elektroenergetyczne (​PSE) plans to invest around PLN 4.5 billion (around EUR 1 billion) by 2030 to prepare the grid for the electricity generated at future offshore wind farms in the Baltic Sea. The investment will go toward substations and transm

about 5 years ago
Decommissioning of Vindeby, the world's first offshore wind farm
Business & Finance

Decommissioning the Last Option for Offshore Wind Farms – Analysis

Fully decommissioning an offshore wind farm is the least cost-effective strategy for owners of projects reaching the end of their lifespan, the latest analysis from ORE Catapult’s new joint industry programme shows. On the other hand, partial repowering of offshore wind farms, which involves install

about 5 years ago
Offshore Wind Could Supply 12 Per Cent of Vietnam's Power by 2035
Business & Finance

Offshore Wind Could Supply 12 Per Cent of Vietnam’s Power by 2035 – World Bank Group

Offshore wind has the potential to supply 12 per cent of Vietnam’s electricity by 2035, according to the Offshore Wind Roadmap for Vietnam launched by the World Bank Group. The roadmap provides strategic analysis of the offshore wind development potential in Vietnam It was prepared, under contract t

about 5 years ago
Ørsted Joins Fred. Olsen Renewables and Hafslund Eco Offshore Norway
Business & Finance

Ørsted Joins Fred. Olsen Renewables and Hafslund Eco Offshore Norway

Ørsted has established a long-term partnership with Fred. Olsen Renewables and Hafslund Eco to develop offshore wind in Norway and to compete in Norway’s upcoming application round for offshore wind areas. The three parties see the cooperation as the perfect fit for realising large-scale offshore wi

about 5 years ago
CLV-Leonardo-da-Vinci-sets-sail
Business & Finance

CLV Leonardo da Vinci Sets Sail

Prysmian’s new cable laying vessel (CLV) Leonardo da Vinci has completed its first trip to open sea and is ready to begin sea trials. After completing the last outfitting phases, Leonardo da Vinci will undergo sea trials for approximately two weeks and will run three turns of tests. After draught re

about 5 years ago
Norway to Open New Offshore Wind Lease Areas
Business & Finance

BREAKING: Norway to Open New Offshore Wind Lease Areas

Norway will open up new areas for the development of offshore wind projects, the country’s Minister of Petroleum and Energy Tina Bru said. The move is a response to the demands from the local industry which last year recorded an NOK 11 billion (around EUR 1.1 billion) international turnover in goods

about 5 years ago
Deutsche WindGuard Backs Northland on Nordsee Two Bid
Business & Finance

Deutsche WindGuard Backs Northland on Nordsee Two Bid

Deutsche WindGuard Offshore reported on 8 June that it had been appointed by Nordsee Two GmbH to provide comprehensive support in preparing its bid for the N-3.8 offshore wind site being auctioned in the German North Sea. For the 433 MW Nordsee Two project, the German consultancy provided an optimis

about 5 years ago
Thor Wind Turbine
Business & Finance

AqualisBraemar LOC Gets to Work on DolWin5

London-based consultancy AqualisBraemar LOC has secured a contract to provide marine warranty services for the export cable installation of the DolWin5 offshore grid connection project in Germany. The scope of work covers all marine transportation and installation operations relating to the laying o

about 5 years ago
A photo of a wind farm
Business & Finance

Keeping Turbines Turning for Longer: How Offshore Wind Can Address Ageing Assets Smartly to Extract Hidden Value

The following article is a guest post by John Coultate, Head of Product Development, and Evgenia Golysheva, Head of Engineering, ONYX InSight. The article discusses asset life extension in offshore wind and the benefits of a data driven approach. Offshore wind is set for a golden age. For continued

about 5 years ago
Artist impression of SSE's operations and maintenance base for Arklow Bank 2 offshore wind farm
Business & Finance

SSE to Invest EUR 15 Million in Arklow Bank 2 O&M Base

SSE Renewables has presented details of its plan for an operations and maintenance (O&M) base for the 520 MW Arklow Bank 2 offshore wind project in Ireland. The O&M base, in which SSE will invest EUR 15 million, will be built at a disused site known as The Old Shipyard at the South Dock in […

about 5 years ago
Saipem Enters Floating Wind with Naval Energies Buy
Business & Finance

Saipem Bolsters Floating Wind Position with Naval Energies Buy

Italian offshore energy services company Saipem and Naval Energies, a subsidiary of France’s Naval Group, have signed an agreement for the acquisition of Naval Energies’ floating wind business. The deal covers Naval Energies’ engineering know-how on floating units, intellectual property rights, and

about 5 years ago
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