The French government and three offshore wind farms have signed amendments to their power purchase agreements (PPAs), allowing them to halt production during periods of negative electricity prices. The three wind farms that signed PPAs are the 500 MW Fécamp, the 480 MW Saint-Nazaire, and the 496 MW
The Danish Energy Agency (DEA) has invited potential bidders in Denmark’s relaunch of the 3 GW offshore wind tender to participate in the market dialogue on procurement procedures. The draft procurement material for the upcoming tender is largely based on the material of the procurement procedures o
South Korean subsea cable installation company LS Marine Solution is investing KRW 345.8 billion (approximately EUR 221 million) in a cable laying vessel (CLV) with a load capacity of 13,000 tonnes. The company said on 27 May that the decision to invest in the new CLV comes as LS Marine Solution aim
Gazelle Wind Power has secured an investment for business growth and the development of its 2 MW floating wind demonstrator project in Portugal. The EUR 2 million investment was closed with Banco Português de Fomento (BPF) through the Deal-by-Deal Co-Investment Programme, in partnership with Indico
Copenhagen Infrastructure Partners (CIP) has signed an agreement with ACEN, the listed energy company of the Ayala Group, to sell a 25 per cent minority stake in the up to 1 GW San Miguel Bay offshore wind farm in the Philippines. CIP said that the company and its Growth Market Fund II have sought a
PGE Polska Grupa Energetyczna (PGE) and Ørsted have signed a contract with Grupa Przemysłowa Baltic for the production and delivery of additional secondary steel structures for the Baltica 2 foundations that will be installed in the Polish Baltic Sea. Grupa Przemysłowa Baltic will manufacture the pl
Norway’s VARD has selected Brunvoll’s extensive propulsion and manoeuvring system for a new 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 equi
Ireland’s offshore wind energy ambitions are in jeopardy unless the government takes immediate and decisive action, Wind Energy Ireland (WEI) has warned. The industry organisation issued the warning at the launch of its new Offshore Wind Action Plan on 27 May, at the start of its annual Offshore Win
Energy companies from Singapore, Malaysia, and Vietnam have signed a joint development agreement to explore cross-border renewable energy links, focusing on exporting offshore wind power from Vietnam. Through this agreement, Malaysia, as represented by MY Energy Consortium, a consortium established
Holland Home of Wind Energy (HHWE) and NMT-IRO, an organisation established by the Netherlands Maritime Technology and the Association of Dutch Suppliers in the Offshore Energy Industry, will merge as of 1 January 2026. “This is a strategic alliance that unites the strongest players in the Dutch mar
Norway-based vessel operator and service provider, Integrated Wind Solutions (IWS), has reported revenue for its business unit providing offshore wind vessels, IWS Fleet, of EUR 14.2 million in the first quarter of 2025 (Q1 2025) and new contracts and contract extensions that were signed during the
Equinor and Polenergia have reached financial close for the Bałtyk 2 and Bałtyk 3 offshore wind farms in Poland, for which the joint venture partners secured two project financing packages of over EUR 3 billion for each wind farm, including ancillary facilities. The finance packages will fund the ca
French renewable energy developer Qair and Italy’s Eni Plenitude have formed a consortium to participate in the French AO9 offshore wind tender, which was opened in July 2024. At the start of 2025, the total capacity allocated via offshore wind tenders in France amounts to around 5.34 GW. With the i
Cadeler has agreed to acquire a newly constructed jack-up wind turbine installation vessel (WTIV) from Shanghai Boqiang Heavy Industry Group, which will be upgraded to support the installation of 15 MW wind turbines. The Boqiang 3060 vessel will be renamed to Wind Keeper, a name symbolising both the
