Sweden’s Hexatronic Group is investing in a new production line for fibre-optic cables at its largest production site, as part of a long-term supply agreement with Danish power cable manufacturer and installation firm NKT. The new production line at the Hudiksvall facility will more than double the
Uniper and Skyborn Renewables have signed a long-term power purchase agreement (PPA) for the Gennaker project, under which the Düsseldorf-based energy company will purchase 100 MW of capacity from the 976.5 MW offshore wind farm set to be built in the German Baltic Sea. The contract is scheduled to
The Crown Estate reported a decline in annual operating profit to GBP 1.2 billion (approximately EUR 1.4 billion) from GBP 1.4 billion (approx. EUR 1.6 billion) in the previous year due to lower offshore wind Round 4 option fee income, as the Round 4 projects started entering the construction phase.
RWE is set to become the majority owner of German transmission system operator (TSO) Amprion after agreeing to acquire additional indirect shares in the company and completing a EUR 4 billion equity capital raise to finance the transaction. The German energy company announced on 22 June that it had
Skyborn Renewables has agreed to sell a 25 per cent stake in its 976.5 MW Gennaker offshore wind project in Germany to Stadtwerke München (SWM). The transaction, announced on 22 June, remains subject to customary approvals and the successful close of construction financing, which is expected in the
Amazon and Skyborn Renewables have signed a 600 MW power purchase agreement (PPA) for electricity generated by the 976.5 MW Gennaker offshore wind farm in the German Baltic Sea, in what the companies describe as the largest single PPA ever signed in Germany. The long-term agreement covers approximat
HEA Energy has priced its inaugural USD 550 million (around EUR 480 million) senior secured bond, with the proceeds set to support the expansion of its offshore wind vessel fleet, including the continued build-out of its self-propelled self-elevating support vessels (SESVs). The Abu Dhabi-headquarte
The US Department of the Interior (DOI) said on 17 June that it had reached an agreement with Invenergy under which the developer will relinquish four offshore wind leases in exchange for a USD 765 million (approximately EUR 664 million) reimbursement and redirect the capital into natural gas and ge
Germany has rejected a request from TotalEnergies to return one of its offshore wind sites in the North Sea to the State, with the country’s economy minister underlining that a concession award constitutes a binding commitment, according to a Bloomberg report from 17 June. The minister’s comment com
Europe’s offshore wind sector supported around 180,000 full-time equivalent (FTE) jobs and generated approximately EUR 26 billion in gross value added (GVA) in 2025, according to an analysis by Menon Economics and TGS | 4C. The study found that around 55,000 jobs were supported directly through comp
German transmission system operator (TSO) 50Hertz has awarded a consortium comprising Siemens Energy and Neptun Smulders Offshore Renewables (NSORe) a contract to deliver the converter system for the North Sea Connector 2 grid connection project, which will be capable of transmitting up to 2 GW of o
The Trump Administration has withdrawn its appeal of a federal court ruling that vacated the section of its January 2025 Presidential Wind Memorandum that halted federal leasing and permitting activities for onshore and offshore wind projects, leaving the court’s decision in place and the wind permi
The Dutch government has increased financial support for the offshore wind tender planned to be launched later this year to secure sufficient market participation for 2 GW of new capacity at the IJmuiden Ver Gamma sites. The decision concerns the IJmuiden Ver Gamma-A and Gamma-B offshore wind farms,
Abu Dhabi Ports (AD Ports) Group and China’s Dajin Heavy Industry have signed a memorandum of understanding (MoU) to explore cooperation in offshore wind supply chain development, maritime logistics, port infrastructure, and strategic vessel investments. Under the agreement, the two companies will a
