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Business & Finance

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OHT Opening Turbine Installation Base in Denmark
Business & Finance

OHT Opening Turbine Installation Headquarters in Denmark

Norway-headquartered OHT is launching a new office in Denmark as the base for its operational and commercial activity for offshore wind turbine installation. The new office will be located in Vejle and is expected to be ready from 1 May. OHT Renewables DK will be headed by Tony Millward, who previou

about 5 years ago
Siemens Gamesa and Siemens Energy Kick Start Green Hydrogen Co-Op
Business & Finance

Siemens Gamesa and Siemens Energy Kick-Start Green Hydrogen Co-Op

Siemens Gamesa and Siemens Energy are joining forces to develop a solution that fully integrates an electrolyzer into an offshore wind turbine as a single synchronized system to directly produce green hydrogen. Siemens Gamesa will adapt its development of SG 14-222 DD – the world’s most powerful off

about 5 years ago
Wind Lift I jack-up vessel at an offshore wind farm
Business & Finance

Harren & Partner Buys Wind Lift I Jack-Up Vessel, Launches SAL Renewables

The parent company of SAL Heavy Lift, Harren & Partner Group, has added the Wind Lift I jack-up vessel to its fleet and launched SAL Renewables, a specialised company that will operate in the offshore wind sector. SAL Renewables is entering the market as a supplier of specialised vessels as well as

about 5 years ago
Ørsted Beats 2020 EBITDA Guidance
Business & Finance

Ørsted Beats 2020 Operating Profit Guidance

World’s leading offshore wind developer Ørsted expects an operating profit (EBITDA) of DKK 18 billion (EUR 2.42 billion) for 2020, which is above the latest guidance of DKK 16-17 billion. The increase in earnings is primarily of a temporary nature, Ørsted said. However, the company has also seen str

about 5 years ago
Offshore Wind Consultants Names APAC Head
Business & Finance

Offshore Wind Consultants Names APAC Head

Offshore Wind Consultants has appointed Tom Whittle to the newly created role of Asia Pacific regional director. Whittle, previously OWC’s country manager in Taiwan, has worked as a project director, project manager and package manager on a number of offshore wind projects in the UK, Europe and Asia

about 5 years ago
Mayflower Wind Electricity Users Stand to Save USD 500 Million
Business & Finance

Mayflower Wind Electricity Users Stand to Save USD 500 Million

US offshore wind developer Mayflower Wind said that the price of electricity generated at its 804 MW wind farm offshore Massachusetts is on track to go down by around 10 per cent. This is due to the recently increased and extended federal Offshore Wind Energy Investment Tax Credit, the developer sai

about 5 years ago
Acta Marine vessel in the waters off Saint-Nazaire
Business & Finance

Offshore Wind Brings Acta Marine to Saint-Nazaire

Acta Marine has opened an office in Saint-Nazaire, France, off whose coast a 480 MW offshore wind project is being built, for which the company’s vessel Coastal Chariot recently supported the export cable pull-in operations. Acta Marine said the move to open the office in Saint-Nazaire was in suppor

about 5 years ago
EIB Nods to Arcadis Ost I Loan
Business & Finance

EIB Nods to Arcadis Ost 1 Loan

Offshore wind developer Parkwind has secured a loan from the European Investment Bank (EIB) for the construction of the 257 MW Arcadis Ost 1 wind farm. The amount approved is EUR 450 million. Located some 19 kilometres off the island of Rugen in the German Baltic Sea, Arcadis Ost 1 will comprise 27

about 5 years ago
An image of how the Deep Purple system would look when installed
Business & Finance

Norwegian Offshore Wind-to-Hydrogen Project Gets Financial Boost

Innovation Norway has granted financial support to the Deep Purple project, which is developing a green hydrogen production system powered by offshore wind, with the hydrogen being stored on the seabed. A consortium led by TechnipFMC is working on a pilot project that will see a green hydrogen offsh

about 5 years ago
Crowley Shipping Forms Offshore Wind Division
Business & Finance

Crowley Shipping Forms Offshore Wind Division

The Florida-headquartered Crowley Shipping has formed a new division focusing on the offshore wind sector in the United States. Crowley Shipping expects its expansion in the offshore wind industry to be as a total lifecycle service provider, with tailored solutions in support of the entire project.

about 5 years ago
Boskalis Buys Rever Offshore’s Subsea Business
Business & Finance

Boskalis Buys Rever Offshore’s Subsea Business

Dutch offshore services provider Boskalis has acquired all the shares of Rever Offshore’s subsea services business. Rever, formally known as Bibby Offshore, provides solutions in the area of subsea construction, inspection, repair and maintenance. Through the transaction, Boskalis will obtain two di

about 5 years ago
Illustration image
Business & Finance

Top News of 2020 – Editors’ Picks

As we said our goodbyes to 2020, a lot of us will look back on a challenging year, but also a year which drew resilience, agility and the power of powering through into the spotlight. The same goes for the offshore wind industry, which met its fair share of challenges, but continued delivering in th

about 5 years ago
Illustration image with offshorewind.biz logo
Business & Finance

Offshore ReWIND: The Most Read News in 2020

The offshore wind sector was busy throughout the last year and we saw more than a few big news. In this article, our editorial team brings a list of those that were most read on OffshoreWIND.biz in 2020. Orion’s Heavy Lift Crane Collapses – Video A heavy-lift crane installed on the offshore installa

about 5 years ago
Polish Utility Enters Offshore Wind Joint Venture with EDP and Engie
Business & Finance

Polish Utility Enters Offshore Wind Joint Venture with EDP and Engie

Polish state-owned utility TAURON has signed an agreement with the joint venture of EDP Renováveis and Engie to cooperate on offshore wind projects in the Baltic Sea. Under the bilateral agreement, the plan is that TAURON acquires a 50% share in the joint venture, whose portfolio includes wind farm

about 5 years ago
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