Danish wind turbine manufacturer Vestas has recorded zero orders in its offshore wind segment in 2021. Vestas is in the process of integrating the offshore wind business following the acquisition of MHI Vestas Offshore Wind, a 50-50 joint venture with Mitsubishi Heavy Industries, back in December 20
TÜV SÜD has won a contract for wind condition analysis and annual energy production (AEP) assessment services for the next phase of the Southwest Offshore Wind Project in South Korea. The project, developed by the state-owned Korea Offshore Wind Power and also known as Seonam Offshore Wind Farm, is
Siemens Gamesa has highlighted strong opportunities for the wind industry in green hydrogen production, which is reinforcing the growing global wind energy capacity expected to be installed over the next decade. The growth in global wind energy capacity, including a sharp increase in offshore wind i
Ten new companies have joined the AquaVentus offshore wind-to-hydrogen project, including offshore wind developers Ørsted, Equinor, and WindMW, as well as the offshore construction company Royal Boskalis Westminster. The AquaVentus consortium, which is developing a massive project revolving around g
Acta Marine and shareholder MerweOord are seeking a strategic co-owner to support the further expansion of the company’s offshore wind business. The strategic plan focuses on ordering two more construction service operation vessels (CSOVs) in the short term, as well as service operation vessels and
Northern Offshore Services (N-O-S) will take over the management of four Wilson Offshore’s offshore supply vessels (OSVs) designed for accommodation, cargo transfers, walk-to-work (W2W), survey, and ROV operations. Under a cooperation agreement with the ship owner Wilson Offshore, N-O-S will take ov
Leading offshore wind developer Ørsted has suggested that a scour protection method which left the inter-array cables unstabilised could be the potential reason for an up to DKK 3 billion (EUR 403 million) issue across up to ten wind farms in Europe. As reported earlier, Ørsted first became aware of
With the global installed offshore wind capacity expected to exceed 250 GW by 2030, the combined capital and operational expenditure (capex and opex) for the decade is set to reach USD 810 billion (approx. EUR 670.2 billion), signaling an increasing shift of investments from oil and gas to renewable
Ørsted has opened an office in Hanoi, Vietnam, in anticipation of a booming offshore wind market in the country. While presenting its latest financial results and plans on 29 April, the offshore wind developer said it was looking to build a local team and work diligently with government authorities
Northland Power has awarded BLIX Consultancy with a framework agreement to assist with the development of its worldwide offshore wind portfolio. BLIX will provide tender support, feasibility studies, EIA expertise, LCOE optimization, owner’s engineering services, and contracting and procurement supp
An inter-array cable issue on several Ørsted’s offshore wind farms in the UK and Continental Europe could have a total financial impact around DKK 3 billion (around EUR 403 million) across 2021 to 2023, the company reported in its latest financial results. A cable failure was discovered during an in
French energy major Total has signed an agreement with wpd to acquire a 23 per cent interest in Yunlin Holding GmbH, the owner of the 640 MW Yunlin offshore wind farm in Taiwan. The project, currently under construction, represents production capacity of 640 MW and benefits from a 20-year guaranteed
Ørsted has reported a net profit of DKK 1.6 billion (EUR 215 million) for the first quarter of 2021, a 52 per cent decrease from DKK 3.3 billion from the same period last year. The Danish company saw an operating profit (EBITDA) of DKK 4.9 billion (EUR 659 million) for Q1 2021, a DKK 1.9 […]
Ocean Winds is launching a recruitment process for the operations and maintenance of the Moray East offshore wind farm in Scotland. Over 20 new posts, including apprenticeships, are open, in addition to the circa 60 positions that will be needed to service the project’s turbines. Jack-up vessel Bold
