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Business & Finance

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Petrovietnam CIP
Business & Finance

Denmark’s CIP Inks Offshore Wind Agreement in Vietnam

Denmark’s Copenhagen Infrastructure Partners (CIP) and Vietnam National Industry – Energy Group (Petrovietnam) signed a joint development agreement (JDA) for one of Vietnam’s first offshore wind projects. The agreement was signed in Hanoi, with the participation of the Danish Embassy in Vietnam. The

about 11 months ago
Synera Renewable Energy and Century Group expand collaboration to localize wind turbine foundations for Formosa 6, Taiwan's largest collaboration of its kind.
Business & Finance

Synera Selects Century Group for Formosa 6 Wind Turbine Foundations

Synera Renewable Energy (SRE) has contracted Taiwan-based Century Group to supply wind turbine foundations for the 800 MW Formosa 6 offshore wind farm. Under the contract, Century Wind Power (CWP) will supply 57 jackets for Formosa 6, Taiwan’s single largest offshore wind farm by capacity. Additiona

about 11 months ago
Kolon DNV
Business & Finance

DNV Hired as Technical Advisor on 400 MW South Korean Offshore Wind Project

DNV has signed a two-year contract with South Korea’s Kolon Global Corporation to provide owner’s engineering services for the 400 MW Wando Jangbogo offshore wind project. DNV’s scope of work comprises advisory services on turbine selection, including project management support, tender preparation,

about 11 months ago
Hanwha Ocean Hyundai
Business & Finance

South Korean Companies Enter Offshore Wind Partnership

Korea-headquartered Hanwha Ocean has signed a memorandum of understanding (MoU) with its compatriot Hyundai Engineering & Construction (Hyundai E&C) to strengthen the country’s offshore wind supply chain and promote localisation. Through this MoU, the two companies agreed to establish a domestic off

about 11 months ago
New Jersey, Atlantic Shores Terminate OREC Contract for 1.5 GW Offshore Wind Project
Business & Finance

New Jersey, Atlantic Shores Terminate OREC Contract for 1.5 GW Offshore Wind Project

The New Jersey Board of Public Utilities (NJBPU) has vacated the offshore renewable energy certificate (OREC) order issued in 2021, which approved the 1,509.6 MW Atlantic Shores Project 1 as a Qualified Offshore Wind Project (QOWP), as per the request recently filed by the developer. Atlantic Shores

about 11 months ago
Marco Polo’s First CSOV Starts Bringing In Revenue
Business & Finance

Marco Polo’s First CSOV Starts Bringing In Revenue

Marco Polo’s first commissioning service operations vessel (CSOV), named Wind Archer, has started generating income for the Group after being deployed for work in mid-April, the Singapore-based company said in a financial update on 18 August. In September 2022, Marco Polo Marine unveiled plans to bu

about 11 months ago
Japanese Renewable Energy Developer to Deploy Shoreline’s AI-Powered Platform on Offshore Wind Projects
Business & Finance

Japanese Renewable Energy Developer to Deploy Shoreline’s AI-Powered Platform on Offshore Wind Projects

Japanese offshore wind developer ENEOS Renewable Energy (ERE) has entered into an agreement with Shoreline Wind, a Norwegian provider of SaaS solutions for the wind energy industry, to deploy Shoreline’s AI-powered platform to optimise construction and O&M of its offshore wind projects. According to

about 11 months ago
EUR 465,000 Grant Backs Oceaneering’s Floating Wind Cable Qualification Projects
Business & Finance

EUR 465,000 Grant Backs Oceaneering’s Floating Wind Cable Qualification Projects

The US subsea engineering and applied technology firm Oceaneering International has secured a GBP 400,000 (around EUR 465,000) grant from Scotland’s economic development agency Scottish Enterprise for a project that aims to add manufacturing capacity for subsea power cables destined for Scottish off

about 11 months ago
Enefit Green, Sumitomo Part Ways on Estonian Offshore Wind Project
Business & Finance

Enefit Green, Sumitomo Part Ways on Estonian Offshore Wind Project

Enefit Green has agreed with Japan’s Sumitomo Corporation to terminate their partnership in the development of the Liivi Bay offshore wind farm in Estonia. The decision follows thorough joint discussions on the offshore wind outlook in Estonia and assessment of the current market and regulatory cond

about 11 months ago
port of cromarty firth
Business & Finance

Scotland’s Port of Cromarty Firth Cleared for Quay Expansion

Scotland’s Port of Cromarty Firth has received marine and dredge licences from Scottish ministers for its GBP 111 million (approximately EUR 129 million) phase 5 expansion project. The approval allows construction of a new 400-metre quay extension and associated dredging and land reclamation works t

about 11 months ago
Ørsted Plans Rights Issue to Fund Building US Offshore Wind Farm Alone, Danish State Commits as Majority Subscriber
Business & Finance

Ørsted Plans Rights Issue to Fund Building US Offshore Wind Farm Alone, Danish State Commits as Majority Subscriber

Ørsted plans to launch a rights issue with pre-emptive rights for existing shareholders to raise DKK 60 billion (around EUR 8 billion) in gross proceeds, most of which will go to funding the construction of the Sunrise Wind offshore wind project in the US, which the company cannot partially divest a

about 11 months ago
Vattenfall, CIP Dutch Offshore Wind Farm Delayed to 2032, Project to Be Built in Two Phases
Business & Finance

Vattenfall, CIP Dutch Offshore Wind Farm Delayed to 2032, Project to Be Built in Two Phases

The completion date for Vattenfall and Copenhagen Infrastructure Partners’ offshore wind farm at the IJmuiden Ver Beta site in the Netherlands has been pushed from late 2029 to 2032 due to the delayed completion of the Delta Rhine Corridor (DRC). In addition, the 2 GW offshore wind project will now

about 11 months ago
Vineyard Wind 1
Business & Finance

Massachusetts Postpones Round 5 Offshore Wind Solicitation

Massachusetts Department of Energy Resources (DOER) does not expect the Round 5 Request for Proposals (RFP) for offshore wind to be issued until next year, at the earliest, due to uncertainty at the federal level. In a letter to the state’s Department of Public Utilities (DPU), dated 7 August, DOER

about 11 months ago
SRE DFO SOV
Business & Finance

Synera, Dong Fang Offshore Ink 15-Year SOV Contract

Synera Renewable Energy (SRE) has awarded a 15-year contract to Dong Fang Offshore (DFO) to support the operations and maintenance (O&M) of SRE’s fleet of assets, starting with the Formosa 4 offshore wind project in Taiwan. Under the contract, which is the longest of its type in Taiwan’s offshore wi

about 11 months ago
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