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Business & Finance

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VesselsTechnologyAuthoritiesWind Farm Update
Thor Wind Turbine
Business & Finance

Global Offshore Wind Pipeline Up Nearly 50 Per Cent in 2020 – RenewableUK

The total pipeline of global offshore wind projects has grown by 47 per cent since January, despite the COVID-19 pandemic, new research published by RenewableUK shows. RenewableUK’s latest Offshore Wind Project Intelligence report reveals that the total capacity of offshore wind projects worldwide w

about 5 years ago
Thor Wind Turbine
Business & Finance

MHI Vestas Gets New CEO, Executive Management

Mitsubishi Heavy Industries (MHI) and Vestas Wind Systems have appointed Johnny Thomsen as the new CEO of MHI Vestas Offshore Wind. Thomsen is taking over from Philippe Kavafyan who has left the company after holding the CEO position for two and a half years. As of Thursday, 29 October, the executiv

about 5 years ago
Thor Wind Turbine
Business & Finance

Ørsted’s Offshore Revenue, EBITDA Dip in Q3

Danish energy company Ørsted has reported DKK 2.629 billion operating profit (EBITDA) in the Offshore segment in the third quarter of 2020, an 18 per cent decrease compared to DKK 3.223 billion EBITDA reported for the third quarter of 2019. The decrease is mainly due to lower earnings from construct

about 5 years ago
Thor Wind Turbine
Business & Finance

EMO Sells Windea CTV Pair

EMS Maritime Offshore (EMO) has sold its crew transfer vessels (CTVs) Windea One and Windea Two to undisclosed clients. Windea One was handed over to its new owner at the end of September and will in the future be used as a supply vessel in Russian waters off Murmansk. Its sister vessel Windea Two w

about 5 years ago
Thor Wind Turbine
Business & Finance

Aker Divisions Partner Up for Wind Farms Offshore Norway

Aker Offshore Wind and Aker BP have agreed to cooperate on realizing offshore wind in Norway at large scale, as well as accelerating the process of decarbonizing oil & gas assets. The parties plan to collaborate on concepts for the development of large offshore wind farms to enable effective offtake

about 5 years ago
Thor Wind Turbine
Business & Finance

Offshore Energy Opens Its Virtual Doors

We are just hours away from the first Offshore Energy Virtual Event and the 14th edition of the Offshore Energy Exhibition & Conference (OEEC) overall. With numerous Live Talk Shows, Showcases, Energy Talks by experts, Live Interviews, Matchmaking, a digital Pub Quiz and a lot more, this edition pro

about 5 years ago
Thor Wind Turbine
Business & Finance

Samsung Heavy Industries, DNV GL to Develop New Floating Wind Platforms

Samsung Heavy Industries (SHI) and DNV GL have entered into an agreement to jointly develop floating wind technology, including floating foundations and remote maintenance solutions. According to a press release from 26 October, the South Korean company decided to venture into designing and manufact

about 5 years ago
Thor Wind Turbine
Business & Finance

Offshore Wind in UK – Roadmap Required

The following article is a guest post by Maren Strandevold, an energy lawyer and an associate at the international commercial law firm Haynes and Boone. In response to the recent offshore wind announcement by the UK’s Prime Minister, Maren Strandevold discusses the need for adequate funding allocate

about 5 years ago
Thor Wind Turbine
Business & Finance

MingYang Plotting Offshore Wind Pilot in Brazil

China’s MingYang Smart Energy has signed a Memorandum of Understanding (MoU) with Pecém Industrial Complex (CIPP) to develop a pilot offshore wind project in Brazil. The parties announced they are starting the pre-feasibility studies for the pilot wind farm that will be located off the coast of Pecé

about 5 years ago
Thor Wind Turbine
Business & Finance

RES, Rix Renewables Enter Offshore Wind Strategic Alliance

RES and Rix Renewables have signed a strategic alliance agreement under which the two companies will jointly offer services to offshore wind industry in the UK and Ireland. RES said it partnered with RIX Renewables primarily to help deliver operation and maintenance services for the offshore wind as

about 5 years ago
Vineyard-Wind-Reveals-New-York-Bid-Details
Business & Finance

Vineyard Wind Reveals New York Bid Details

Vineyard Wind has submitted bids to develop its Liberty Wind offshore wind project in New York in response to the state’s second offshore wind solicitation. Iberdrola, parent company of Avangrid Renewables which is the 50% owner of Vineyard Wind, announced its participation in New York’s second offs

about 5 years ago
New CEO Takes Helm at Ørsted Offshore North America
Business & Finance

New CEO Takes Helm at Ørsted Offshore North America

Ørsted has appointed David Hardy as its new chief executive officer for Ørsted Offshore North America. Hardy will immediately replace Thomas Brostrøm, stepping into this position after serving as the company’s president and COO. As CEO, Hardy will oversee all North American offshore wind activities,

about 5 years ago
North of Tyne Makes GBP 3.5 Million Available to Offshore Wind Innovators
Business & Finance

North of Tyne Makes GBP 3.5 Million Available to Offshore Wind Innovators

The North of Tyne Combined Authority (NTCA) and the Offshore Renewable Energy (ORE) Catapult have launched a new GBP 3.5 million programme for innovations in the offshore wind and subsea sectors. The Technology, Innovation and Green Growth for Offshore Renewables (TIGGOR) programme is targeting supp

about 5 years ago
Pacific Orca at sea installing foundations
Business & Finance

Pacific Orca Officially Ready for Hornsea Two OWF

Cadeler, formerly known as Swire Blue Ocean, is ready to send its Pacific Orca vessel in early 2021 to support foundation installation at the Hornsea Two offshore wind farm in the UK. The company has been subcontracted by DEME to deliver a vessel which will support the installation of the wind farm’

about 5 years ago
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