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Business & Finance

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JDR Opens Subsea Cable Manufacturing Facility in Blyth
Business & Finance

JDR Opens Subsea Cable Manufacturing Facility in Blyth

JDR Cable Systems has opened its new cable manufacturing facility in Cambois, near Blyth, UK, which the company says expands its capacity to supply inter-array, interconnector and export cable systems for offshore wind projects. The new plant is aimed at supporting growing demand for offshore wind i

about 1 month ago
Ming Yang, Canadian Developer Eye Teaming Up on Large-Scale Wind Project Offshore British Columbia
Business & Finance

Ming Yang, Canadian Developer Eye Teaming Up on Large-Scale Wind Project Offshore British Columbia

Ming Yang Smart Energy and Canada’s Oceanic Wind Energy have signed a memorandum of understanding (MoU) to explore a strategic investment partnership for a large-scale offshore wind project in the Hecate Strait off the northwest coast of British Columbia. The project is being developed by Oceanic Wi

about 1 month ago
KOSPO Signs Offshore Wind Agreements as Part of 11.2 GW Renewable Energy Strategy
Business & Finance

KOSPO Signs Offshore Wind Agreements as Part of 11.2 GW Renewable Energy Strategy

South Korea’s Korea Southern Power (KOSPO) has unveiled plans to deploy 11.2 GW of renewable energy capacity by 2040, including major offshore wind investments. The state-owned utility presented a roadmap during a renewable energy investment briefing held in Seoul on 28 May, attended by around 190 r

about 1 month ago
RWE Reportedly Weighing US Offshore Wind Exit Deal; Advocacy Groups, Industry Warn ‘No Basis Under US Law’ to Refund Lease Purchase
Business & Finance

RWE Reportedly Weighing US Offshore Wind Exit Deal; Advocacy Groups, Industry Warn ‘No Basis Under US Law’ to Refund Lease Purchase

RWE is reportedly considering a deal with the Trump administration to surrender US offshore wind leases in exchange for commitments tied to fossil fuel investments, prompting more than 50 US organisations to urge the company to abandon the reported negotiations. In a letter addressed to RWE CEO Mark

about 1 month ago
Semco Maritime, Wind Multiplikator Secure Long-Term Integrated Service Contract for German Offshore Wind Farm
Business & Finance

Semco Maritime, Wind Multiplikator Secure Long-Term Integrated Service Contract for German Offshore Wind Farm

Skyborn Renewables has awarded Semco Maritime and its subsidiary Wind Multiplikator a long-term integrated service contract for the Nordergründe offshore wind farm in Germany. The 5.5-year contract, which starts on 1 June 2026 and includes an extension option, covers operations and maintenance (O&M)

about 2 months ago
Jumbo Orders Two New Offshore Wind Heavy-Lift Vessels at Dajin Heavy Industry
Business & Finance

Jumbo Orders Two New Offshore Wind Heavy-Lift Vessels at Dajin Heavy Industry

Dajin Heavy Industry has signed a contract with Dutch heavy-lift shipping and offshore engineering company Jumbo Maritime for the construction of two high-end heavy-lift vessels (HLVs). The vessels, which will be used for offshore wind heavy-lift operations and deepwater offshore construction work,

about 2 months ago
Haesong Offshore Wind Signs Supply Chain Agreements with LS Cable, LS Marine Solution, KEPCO E&C
Business & Finance

Haesong Offshore Wind Signs Supply Chain Agreements with LS Cable, LS Marine Solution, KEPCO E&C

Haesong Offshore Wind has signed preferred supplier agreements (PSAs) with LS Cable & System and LS Marine Solution, alongside a tripartite memorandum of understanding (MoU) with LS Cable & System and KEPCO Engineering and Construction (KEPCO E&C), for its Haesong Offshore Wind 1 and 3 projects in S

about 2 months ago
Dajin Working on DNV-Certified Offshore Wind Jacket Prototype Built to European Standards
Business & Finance

Dajin Working on DNV-Certified Offshore Wind Jacket Prototype Built to European Standards

Dajin Heavy Industry has started work on what the company describes as China’s first DNV-certified three-legged offshore wind jacket designed to European standards for the North Sea market. The Chinese manufacturer has supplied monopile foundations and other offshore wind components for several Euro

about 2 months ago
Mingyang Eyeing Factory in Spain After UK Setback – Report
Business & Finance

Mingyang Eyeing Factory in Spain After UK Setback – Report

Chinese wind turbine manufacturer Mingyang Smart Energy is considering locations in Europe, including Spain, for a new manufacturing facility after the UK government blocked support for the company’s planned Scottish factory on national security grounds, Reuters reported. The company paused plans fo

about 2 months ago
Thai Offshore Wind Investor Establishes UK Subsidiary
Business & Finance

Thai Offshore Wind Investor Establishes UK Subsidiary

Gulf Development Public Company Limited has established a new wholly owned subsidiary in the UK, Gulf Energy Development Limited (GUK), to support its operations and business development activities across the UK and Europe. According to the company, GUK was incorporated on 18 May and will serve as a

about 2 months ago
Dominion Energy, NextEra Energy Agree Merger Deal
Business & Finance

Dominion Energy, NextEra Energy Agree Merger Deal

NextEra Energy and Dominion Energy, the developer of the biggest US offshore wind farm, have entered into a definitive agreement to combine in an all-stock transaction that would create what the companies describe as the world’s largest regulated electric utility business. Under the agreement, Domin

about 2 months ago
Boskalis Orders New Cable-Laying Vessel for Offshore Wind, Interconnector Markets
Business & Finance

Boskalis Orders New Cable-Laying Vessel for Offshore Wind, Interconnector Markets

Boskalis will invest in a new high-capacity cable-laying vessel (CLV) targeting the offshore wind and interconnector markets, the company said on 18 May. According to the company, the vessel is designed to support growing demand for long-distance cable installation, particularly for high-voltage dir

about 2 months ago
Abu Dhabi Investor Acquires Hornsea 3 Stake
Business & Finance

Abu Dhabi Investor Acquires Hornsea 3 Stake

Mubadala Investment Company has invested USD 325 million (approximately EUR 300 million) in the UK’s Hornsea 3 offshore wind farm, being built by Ørsted at a site located around 120 kilometres off the Norfolk coast. The Abu Dhabi-based investor is joining a consortium led by Apollo-managed funds, wh

about 2 months ago
Føn Energy Services Mobilises for ‘Busiest Season to Date’ on 14 Offshore Wind Farms
Business & Finance

Føn Energy Services Mobilises for ‘Busiest Season to Date’ on 14 Offshore Wind Farms

Føn Energy Services has launched what it says will be its busiest offshore wind season to date, with inspection and repair campaigns underway across 14 offshore wind farms in the Netherlands, Scotland, Germany and Poland. The company has mobilised technicians, vessels, diving teams, remotely operate

about 2 months ago
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