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Business & Finance

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Jobs & RecruitmentTechnologyVesselsWind Farm Update
Total Enters South Korean Floating Wind Market
Business & Finance

Total Enters South Korean Floating Wind Market

Energy major Total and Macquarie’s Green Investment Group (GIG) have signed a series of agreements to co-develop an initial 2.3 GW portfolio of floating offshore wind projects in Korea. The portfolio consists of five projects, three in Ulsan totaling 1.5 GW and two in South Jeolla Province totaling

about 6 years ago
Principle Power Joins DeepWind Cluster
Business & Finance

Principle Power Joins DeepWind Cluster

Principle Power has joined the DeepWind cluster to promote the development of deepwater offshore wind in the UK. Principle Power said that DeepWind is an excellent vehicle to further deepen its relationship with local and international stakeholders and suppliers in order to drive the UK floating win

about 6 years ago
Norwegians to Develop Next-Gen Turbine Installation Vessel
Business & Finance

Norwegians to Develop Next-Gen Turbine Installation Vessel

Ocean Installer and Vard are entering into a partnership to develop a vessel for the installation of future offshore wind turbines. The vessel will be able to install giant offshore wind turbines weighing more than 1,000 tones at a height of over 150 meters above sea level, the parties said. “We wil

about 6 years ago
Formosa 1 offshore wind farm in Taiwan
Business & Finance

Taiwan to Become Second Largest APAC Offshore Wind Market

By 2035, Taiwan will become the largest offshore wind market in the Asia-Pacific (APAC) region after China, with 15 GW of capacity estimated to be added by that time, according to GlobalData. “Taiwan offshore wind market is poised to witness multifold expansion to reduce its reliance on fossil fuel

about 6 years ago
Sif Group site at Maasvlakte in the Netherlands
Business & Finance

Sif Posts H1 2020 Results, Reports Exclusive Talks for Two Offshore Wind Projects

The Netherlands-based foundation manufacturer Sif Group is in exclusive negotiations for two new projects in the offshore wind sector. The company left the project names and other details undisclosed, however, it said one of them is in Europe, more specifically in the North Sea. For the European pro

about 6 years ago
A Siemens Gamesa offshore wind turbine
Business & Finance

Siemens Gamesa Clicks “Refresh” Button on Its Corporate Strategy

At its virtual Capital Markets Day held on 27 August, Siemens Gamesa presented “a refreshed” corporate strategy which revolves around tapping into growth opportunities for its offshore wind and services businesses, and driving a turnaround in the onshore market. With strong growth expected in partic

about 6 years ago
An offshore wind technician on top of a wind turbine
Business & Finance

World Gets 2.5 GW of Offshore Wind in H1 2020

Globally, 2,535 MW of offshore wind was put into operation during the first half of the year, with offshore wind installations reaching 29,839 MW by the end of June 2020, according to World Forum Offshore’s (WFO) H1 2020 Global Offshore Wind Report. The organisation said the figures underline the co

about 6 years ago
An image rendering floating wind turbines that will power an offshore rig
Business & Finance

Odfjell Drilling Acquiring Stake in Norwegian Floating Wind Developer

Odfjell Drilling is investing in Oceanwind AS with an aim to acquire a stake that would ensure a controlling position in the Norway-based floating wind company. According to the Norwegian offshore drilling contractor, the move will support it on a path to zero-emissions drilling through projects tha

about 6 years ago
Old Dominion Uni Gets Grant to Study Offshore Wind Impact on Military
Business & Finance

Old Dominion Uni Gets Grant to Study Offshore Wind Impact on Military

Virginia’s Old Dominion University has won a USD 775,000 grant from the U.S. Department of Defense to study mitigation solutions for offshore wind projects in relation to the military. The grant is expected to help create a wind energy siting solution to mitigate the effects of location decisions on

about 6 years ago
Saipem Plans Italian Offshore Wind Farm
Business & Finance

Saipem Plans Italian Offshore Wind Farm

Saipem has signed a Memorandum of Understanding (MoU) with AGNES and QINT’X to develop a 450 MW offshore wind farm in Italy. The project will comprise approximately 56 turbines on fixed foundations at two different sites, respectively located more than 8 and 12 nautical miles offshore Ravenna in the

about 6 years ago
JERA Reveals Ishikari Bay Offshore Wind Project
Business & Finance

JERA Reveals Ishikari Bay Offshore Wind Project

Japanese utility JERA has submitted the Planning Phase Environmental Impact Statement for an offshore wind project off Ishikari Bay in Japan. The planned offshore wind farm will be located at least 2.5km offshore from Ishikari and Otaru and is expected to include up to 65 turbines with a maximum gen

about 6 years ago
Equinor Takes First Offshore Wind Step in Brazil
Business & Finance

Equinor Takes First Offshore Wind Step in Brazil

Equinor has submitted an application to the Brazilian Institute of Environment and Renewable Natural Resources (IBAMA) for an environmental impact assessment needed to further look into the possibility of developing an offshore wind project in Brazil. A spokesperson from Equinor told Offshore WIND t

about 6 years ago
A photo of an offshore wind farm
Business & Finance

Duke Energy Not so Keen on Offshore Wind?

Duke Energy, a North Carolina-headquartered electric power holding company, does not see offshore wind as having big enough potential until the end of the next decade, according to information from the company’s recent earnings call. Responding to a question asked by a Goldman Sachs analyst Michael

about 6 years ago
Bosch Rexroth and Barge Master Reveal New Autonomous Landing System
Business & Finance

Bosch Rexroth and Barge Master Reveal New Autonomous Landing System

Bosch Rexroth and Barge Master have introduced a new autonomous landing system for motion compensated gangways. The system is said to automatically attach the landing to the required site without the need for manual input through a combination of radar technology, cameras and sensors. Once connected

about 6 years ago
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