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Business & Finance

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VARD Cuts Steel for Taiwan-Bound Subsea Construction Vessel
Business & Finance

VARD Cuts Steel for Taiwan-Bound Subsea Construction Vessel

Norway’s VARD has cut the first steel for an offshore subsea construction vessel (OSCV) it is building for Taiwan-based Dong Fang Offshore (DFO). The 121.3-metre-long vessel of VARD 3 39 design is said to be a highly versatile platform designed and equipped for subsea operation duties, offshore wind

about 10 months ago
MunmuBaram Ulsan City
Business & Finance

Hexicon’s MunmuBaram, Ulsan City Ink Floating Offshore Wind LOI

The developer behind the MunmuBaram floating offshore wind farm in South Korea has signed a Letter of Intent (LOI) with the Ulsan Metropolitan City to strengthen cooperation in developing the floating offshore wind industry and support regional economic growth. Under the agreement, Ulsan City will f

about 10 months ago
Greater Changhua 2b and 4
Business & Finance

Damaged Cable Delays Greater Changhua 2b Commissioning Until Third Quarter of 2026

Ørsted’s Greater Changhua 2b offshore wind project in Taiwan will be commissioned in the third quarter of 2026 instead of later this year due to a damaged export cable. The 300 MW offshore wind farm is part of the 920 MW Greater Changhua 2b and 4 project, currently under construction 35-60 kilometre

about 10 months ago
Marco Polo Marine Unveils Next-Gen CSOV for Offshore Wind and Oil & Gas
Business & Finance

Marco Polo Marine Unveils Next-Gen CSOV for Offshore Wind and Oil & Gas

Marco Polo Marine has contracted Norway’s Salt Ship Design to develop what the Singapore-based company says is a next-generation commissioning service operations vessel (CSOV), dubbed CSOV Plus, set to serve offshore wind and oil & gas markets. The new vessel is expected to enter service in 2028. Th

about 10 months ago
RWE, Apollo Global Management Forming Joint Venture to Invest EUR 3.2 Billion in German TSO
Business & Finance

RWE, Apollo Global Management Forming Joint Venture to Invest EUR 3.2 Billion in German TSO

RWE and the global asset manager and infrastructure investor, Apollo Global Management, have signed an agreement under which Apollo will pay EUR 3.2 billion to RWE in exchange for an equity stake in a to-be-established joint venture (JV), which will hold RWE’s existing 25.1 per cent stake in the Ger

about 10 months ago
Ørsted vs. Trump Administration: Revolution Wind JV Initiates Legal Action Against Stop-Work Order
Business & Finance

Ørsted vs. Trump Administration: Revolution Wind JV Initiates Legal Action Against Stop-Work Order

Revolution Wind, a joint venture (JV) between Ørsted and a consortium led by Skyborn Renewables, filed a complaint in the US District Court for the District of Columbia on 4 September, challenging the stop-work order issued by the US Department of the Interior’s (DOI) Bureau of Ocean Energy Manageme

about 10 months ago
Bornholm Siemens Energy
Business & Finance

Siemens Energy Secures Major Converter Station Contract

The transmission system operators (TSOs), Energinet and 50Hertz, have placed a joint order with Siemens Energy for the construction and turnkey delivery of four converter stations and other technical components that will connect the Bornholm Energy Island project to the mainland grids of Denmark and

about 10 months ago
A photo of an offshore wind farm
Business & Finance

Virtus Data Centres Buys Power from UK Offshore Wind Farms

UK data centre provider Virtus Data Centres has agreed to purchase electricity generated from the 194 MW Lynn and Inner Dowsing (LID) offshore wind farms in the UK. The tri-party corporate power purchase agreement (CPPA) was signed between Virtus, an energy and sustainability advisory company, Inspi

about 10 months ago
Bornholm Energy Island Energinet 50Hertz
Business & Finance

NKT Wins EUR 650 Million Power Cable Contract for Bornholm Energy Island

NKT has signed a contract with the Danish transmission system operator (TSO) Energinet to deliver a high-voltage direct current (HVDC) power cable system for the offshore interconnector linking the Bornholm Energy Island to the power grid on Zealand in Denmark. NKT’s scope of work includes the deliv

about 10 months ago
Jeonnam 1 south korea
Business & Finance

South Korea Awards 689 MW of Offshore Wind Projects, Favours Domestic Turbine Technology

South Korea has awarded 689 MW of offshore wind projects in the competitive tender for fixed-bottom offshore wind organised in the first half of 2025, the Ministry of Trade, Industry and Energy (MOTIE) and the Korea Energy Agency (KEA) said on 1 September. Earlier this year, KEA announced that the t

about 10 months ago
SPIE TPC Phase II
Business & Finance

SPIE Lands Offshore Cable Work for TPC Phase II Project in Taiwan

SPIE Wind Connect, a subsidiary of SPIE Global Services Energy, has been awarded a contract for the termination and testing of inter-array cables for the Taipower Offshore Wind Project Phase II (TPC Phase II) in Taiwan. Under the contract awarded by Shinfox Far East Energy, SPIE Wind Connect will ex

about 10 months ago
Sofia monopiles EEW SPC
Business & Finance

Foundation, Inter-Array Contractors Selected for Gennaker Offshore Wind Farm

Skyborn Renewables has signed preferred supplier agreements (PSAs) for monopiles, transition pieces, foundation installation and inter-array cable supply and installation for the 976.5 MW Gennaker offshore wind project in the German Baltic Sea. EEW Special Pipe Construction (EEW SPC) has been select

about 10 months ago
monopile Sif Empire wind
Business & Finance

Full Production Ramp-Up at Sif’s New Monopile Mega-Factory Delayed Until First Half of 2026

Dutch offshore wind foundation manufacturer, Sif Group, is facing a delay in the ramp-up of production at its new monopile production facility at Maasvlakte 2 in Rotterdam and expects to achieve this in the first half of 2026, instead of this year. Also in this article: In its half-year results for

about 10 months ago
Verti-Go Project Awarded EUR 15 Million for 2 MW Floating Vertical Axis Wind Turbine Demo
Business & Finance

Verti-Go Project Awarded EUR 15 Million for 2 MW Floating Vertical Axis Wind Turbine Demo

A consortium behind a project called Verti-Go has secured EUR 15 million from Horizon Europe to demonstrate SeaTwirl’s floating wind technology with a 2 MW turbine, including the design, fabrication, installation and operation. The project was selected as the successful applicant for funding under t

about 10 months ago
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