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Business & Finance

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PEAK Wind Fengmiao 1
Business & Finance

PEAK Wind to Manage Operations of CIP’s Offshore Wind Farm in Taiwan

PEAK Wind has entered into an operations management agreement (OMA) to oversee the operations of Copenhagen Infrastructure Partners’ (CIP) Fengmiao 1 offshore wind farm in Taiwan, which recently reached a financial close. The OMA is said to provide operational management, continuing to build up a st

about 1 year ago
Haizea Reports Record Profit for 2024
Business & Finance

Haizea Reports Record Profit for 2024

Haizea Wind Group ended 2024 with a 32 per cent higher revenue and a 211 per cent higher net profit compared to the previous year. The Spanish offshore wind tower and foundation manufacturer says it expects growth in 2025 as well, thanks to its order backlog and primarily the orders from Iberdrola,

about 1 year ago
Hexicon TwinWind Technology, Ingka
Business & Finance

Ingka, Oxan, and Avapa to Jointly Develop Two Italian Floating Wind Farms as Hexicon Sells Stake

Ingka Investment, the investment arm of Ingka Group, the biggest IKEA retailer, and France’s Oxan Energy have partnered with Avapa Energy on two floating offshore wind projects in Italy. The combined installed capacity of the Sicily South and Sardinia Northwest offshore wind farms could total 2.45 G

about 1 year ago
Marubeni Acquires Stake in Windward Offshore
Business & Finance

Marubeni Acquires Stake in Windward Offshore

Marubeni Corporation, through a wholly owned subsidiary, has acquired a 25.1 per cent stake in Windward Offshore, the Germany-based provider of offshore wind service vessels. Windward Offshore, established by Diana Shipping, Serafin and SeraVerse, RIVE Private Investment, Blue Star Group, and SeaRen

about 1 year ago
Nordlicht Vattenfall
Business & Finance

Vattenfall Reaches Final Investment Decision to Build Germany’s Largest Offshore Wind Farm

Vattenfall has made the final investment decision on the Nordlicht 1 and 2 offshore wind farms in the German North Sea, with the construction scheduled to begin in 2026. In addition, the Swedish utility has decided to repurchase the shares in the Nordlicht cluster that BASF acquired in 2024. The fin

about 1 year ago
Van Oord Awards Ecowende Cable Termination & Testing Contract
Business & Finance

Van Oord Awards Ecowende Cable Termination & Testing Contract

SPIE Wind Connect, part of SPIE, has been awarded a contract by Van Oord for the termination and testing of inter-array cables on the offshore wind farm that Ecowende will build at Hollandse Kust (west) lot VI in the Netherlands. The project scope involves the termination and testing of 52 66 kV int

about 1 year ago
Vena Energy Yokji
Business & Finance

Vena Energy Plans USD 200 Million Investment in 384 MW Offshore Wind Project in South Korea

Vena Energy has decided to invest in a 384 MW offshore wind project located in South Korea’s South Gyeongsang Province. The investment includes USD 200 million (approximately EUR 184 million) for the Yokji offshore wind farm, which is being developed 10 kilometres to the west of Yokji island and 10

about 1 year ago
Nexans to Provide Export Cables for Wind Farms Offshore New York
Business & Finance

Nexans Secures EUR 1 Billion Framework Agreement for HVDC Cables in France

Nexans has secured a major framework agreement, valued above EUR 1 billion, with Réseau de Transport d’Electricité (RTE) for the design, manufacturing, and supply of high-voltage direct current (HVDC) cables for offshore wind farms in France. The framework agreement covers the supply, installation,

about 1 year ago
Korea Deep Wind Offshore
Business & Finance

Deep Wind Offshore Brings Local Partner Onboard South Korean Projects

Norway’s Deep Wind Offshore has signed a partnership agreement with Korea Hydro and Nuclear Power (KHNP) to jointly develop the Admiral Lee and Abalone offshore wind projects in South Korea. The signing ceremony took place in Oslo, accompanied by the Ambassador of the Republic of Korea to Norway, Se

about 1 year ago
LS Cable & System Subsidiaries to Focus on Offshore Wind
Business & Finance

LS Cable & System Subsidiaries to Focus on Offshore Wind

South Korean subsea cable manufacturer LS Cable & System has decided to expand its offshore wind business with plans to maximise the synergistic effect of cooperating with its subsidiaries to deliver solutions to the offshore wind industry. Starting on 24 March with its subsidiary LS Materials, four

about 1 year ago
Glamox to Light Thor Offshore Wind Turbine Foundations
Business & Finance

Glamox to Light Thor Offshore Wind Turbine Foundations

ProCon Wind Energy has awarded Glamox a contract to light Thor, Denmark’s largest offshore wind farm, with its LED marine lighting. The contract will see Glamox install lights on 72 wind turbine foundations for the project being constructed by RWE. The external and internal lights use Glamox’s secon

about 1 year ago
Hellenic Cables
Business & Finance

Hellenic Cables, Asso.subsea Land Dunkirk Cable Contract in France

Hellenic Cables, in a consortium with Asso.subsea, has been awarded a turnkey contract by the French transmission system operator (TSO) Réseau de Transport d’Électricité (RTE) for the Dunkirk offshore wind farm. Hellenic Cables will design, manufacture, and supply 32 kilometres of submarine cables f

about 1 year ago
Sany Turbine
Business & Finance

Sany Gets First Turbine Order for 200 MW Chinese Offshore Wind Farm

Sany has received an order to supply its turbines to Guangdong Energy Group’s 200 MW Jieyang Shibeishan offshore wind farm in China. This is Sany’s first offshore wind turbine order. The company will deploy 14 offshore units of 13.6 MW and one 10 MW unit. “This milestone project represents SANY’s fi

about 1 year ago
Edda Mistral at sea; Photo: Gondan shipyard
Business & Finance

Edda Wind Sells SOV Chartered by Ørsted

Edda Wind, through its subsidiary West Energy, has entered into a sale and purchase agreement with a holding company established by Northern Offshore Services (N-O-S) and the Swedish shipping company Rederi AB Älvtank for all outstanding shares in Puerto de Llafranc S.L., the registered owner of the

about 1 year ago
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