Ørsted has secured a finance package of approximately TWD 90 billion (about EUR 2.64 billion) for the 632 MW Greater Changhua 2 offshore wind project in Taiwan. The developer reached financial close on the project finance package with 25 banks and five Export Credit Agencies (ECAs). This is part of
Spanish renewable energy developer Iberdrola and UAE clean energy company Masdar have signed an agreement to co-invest in the 1.4 GW East Anglia Three project in the UK through what the partners say is the largest offshore wind transaction of the decade. Under the agreement, after the closing of the
The UK government and Japan’s Sumitomo Corporation have signed a memorandum of understanding, under which the company plans to invest GBP 7.5 billion (approximately EUR 8.7 billion) into infrastructure and renewable energy projects across the UK by 2035. The investment will be focused on key offshor
LS Marine Solution has been selected as the preferred bidder for the submarine cable installation work at the Shinan Ui offshore wind project in South Korea. The 390 MW offshore wind farm is being developed by a consortium led by Hanwha Ocean and SK Eternics. Construction is scheduled to begin in 20
Share this article Allocating just 1 per cent of the global offshore wind investments from now until 2050, which are projected to be USD 6...
Haesong Offshore Wind Company has signed a grid interconnection agreement with Korea Electric Power Corporation (KEPCO) for the Haesong Offshore Wind 1 and Haesong Offshore Wind 3 projects. Haesong Offshore Wind 1 and 3 projects are managed and funded by Copenhagen Infrastructure Partners (CIP), whi
Mammoet has signed a support agreement for TenneT’s 2 GW offshore grid programme to assist Heerema Marine Contractors with the offshore installation of two large topsides. Under the agreement, Mammoet will help to prepare the two topsides for floatover operations by skidding the units from HVT to th
Synera Renewable Energy (SRE) has awarded a contract to Century Wind Power (CWP) to supply wind turbine foundations for the 495 MW Formosa 4 offshore wind farm in Taiwan. Under the contract, the Taiwan-based company will supply 35 jacket foundations for Formosa 4 and be responsible for the overall c
LS Cable & System has been named the preferred supplier of subsea cables for the 1 GW Haesong offshore wind farm in South Korea. LS Marine Solution, a subsidiary of LS Cable & System, was also selected as the preferred bidder for installation works. Together, the two companies will deliver a fully i
Iberdrola has awarded Semco Maritime two offshore service contracts, with options for extension, on the above-water scheduled and unscheduled maintenance of electro-mechanical equipment at two offshore substations in the Baltic Hub. The Baltic Hub currently consists of two offshore wind farms, the 3
OEG has won a multi-million-pound contract to support the construction phase of the 1.1 GW Inch Cape offshore wind farm in Scotland until the project becomes operational in 2027. Under the contract, OEG will supply an integrated package of specialist topside and marine services, including marine coo
Denmark’s Cadeler has received a notice of termination from Ørsted in relation to the long-term agreement for one of its wind farm installation vessels. A long-term charter agreement for an A-Class wind farm installation vessel was disclosed by Ørsted on April 8, 2024, securing operational capacity
After approving the production permit extension for the Samsø offshore wind farm earlier this month, the Danish Energy Agency (DEA) has now granted extended permits to two more of Denmark’s oldest offshore wind farms, Middelgrunden and Nysted. To support its decisions, the DEA has requested that the
The Dutch offshore transmission system operator (TSO) TenneT has signed a framework agreement with its compatriot Akira Energy for ‘Offshore Grid NL – Client Representative Services at Sea’. Through this collaboration, Akira Energy will provide experienced offshore client representatives, supporting
