MAATS Tech has secured a contract with VARD to deliver cable lay equipment for Van Oord’s new cable laying vessel (CLV). “I am immensely proud of the team effort that has gone into winning this contract and continues our track record in providing this type of equipment in the cable industry, already
Fugro and NYK Group have signed a strategic Memorandum of Understanding (MoU) with Japanese geoscience specialist OYO Corporation (OYO). Back in November 2020, Fugro and NYK signed an MoU to jointly provide offshore geotechnical services in Japan, with an option to jointly operate a specialist inves
HSBC has issued a green trade finance facility raising USD 48 million (around EUR 40 million) for UAE-based Lamprell to support the company’s fabrication work for the Seagreen offshore wind farm in Scotland. The facility, for which HSBC was the sole arranger, is the first green guarantee in the Midd
Dutch company Safeway and the UK-based Tyne Gangway have signed a cooperation agreement, which will see Tyne Gangway supporting Safeway in the Port of Tyne and the UK. The UK company, specialising in design and manufacturing of marine access systems, will provide the aluminium inner and outer boom a
The European Investment Bank (EIB) has signed a financing agreement with Iberdrola to support the company’s two-year innovation, research and development strategy for renewables with EUR 100 million. Iberdrola will use the funds for R&D in renewables, the production of green hydrogen and the develop
Siemens Gamesa has reported a revenue of EUR 2.3 billion for the first quarter of the financial year 2021, a 15% increase said to be supported by strong offshore growth. In the announcement of its preliminary results for Q1 FY2021, Siemens Gamesa reported an order intake of EUR 2.3 billion, a decrea
A crowdfunding campaign for the construction of the Fécamp offshore wind farm in Normandy, France, has been launched on the Kiwaï platform for Normandy residents who wish to invest in the project. The crowdfunding campaign is aiming at a loan amount of EUR 750,000, with contributions ranging from a
Mammoet is opening a new office in Taichung, Taiwan, to be closer to project sites and to offer onshore services for offshore wind farms locally. In particular, Mammoet will provide engineering, heavy lifting and transportation solutions, including marshaling, ballasting, weighing, load-in and load-
Ørsted has launched a USD 15 million fund to support businesses in New Jersey to enter the offshore wind industry. The Pro-NJ Grantor Trust will offer New Jersey-based small, women-owned and minority-owned businesses support in re-tooling their businesses to enter the offshore wind industry. It will
Smulders has produced its milestone 2,000th transition piece, destined for the Saint-Nazaire offshore wind project in France. Smulders says it started with the production of the 2,000th transition piece this month, which is barely six years after celebrating the 1,000th transition piece. The milesto
Germany saw 32 offshore wind turbines with a total capacity of 219 MW connected to the grid in 2020, with no new wind turbines erected in the second half of the year, according to the figures published by Deutsche WindGuard on 21 January. In total, 1,501 offshore wind turbines with a capacity of 7,7
Ørsted has chosen Denmark-based Green Hydrogen Systems (GHS) as the supplier of electrolysis technology for the H2RES offshore wind-to-hydrogen demonstration project. The 2 MW electrolysis plant at the Avedøre Power Station will be built around GHS modular electrolysers powered by two 3.6 MW offshor
Daewoo Shipbuilding & Marine Engineering (DSME) and Korea Electric Power Corporation Engineering & Construction (KEPCO E&C) have signed a Memorandum of Understanding (MoU) to develop an offshore wind substation. The South Korean companies plan to jointly research and develop the offshore substation
Tekmar Energy has secured a GBP 4.5 million (around EUR 5 million) contract to supply subsea cable protection products for an operational offshore wind farm. The company left the name of the offshore wind farm for which it has won the contract, and any other specific information, undisclosed. The ca
