EDF Renewables has booked a EUR 934 million impairment in connection with the Atlantic Shores offshore wind project(s) in the United States, for which EDF’s joint venture partner Shell also recently included impairment charges in its full-year 2024 financial report and said it was pausing its involv
Taylor Hopkinson has been awarded a quality assurance/quality control (QA/QC) surveillance contract for the Inch Cape offshore wind farm in Scotland. Taylor Hopkinson will support the fabrication and construction of Scotland’s 1.1 GW Inch Cape offshore wind farm, being jointly developed by Red Rock
This is an article by Navingo, owner of the offshoreWIND.biz media brand and the organiser of the annual Offshore Energy Exhibition & Conference in Amsterdam. The year has just started but the exhibition floor for Offshore Energy Exhibition & Conference (OEEC) 2025 in November is filling up quickly.
Italy’s engineering, drilling, and construction services giant Saipem has signed a memorandum of understanding (MoU) for the possible merger with global energy player Subsea7. The two players reached an agreement in principle on the key terms of a possible merger, which is expected to result in the
The UK’s Department for Energy Security and Net Zero (DESNZ) has launched a consultation on proposed reforms to the Contracts for Difference (CfD) scheme for Allocation Round 7 (AR7). One of the proposed reforms is relaxing eligibility criteria for fixed-bottom offshore wind farms so projects that h
Three Norway-based offshore energy vessel and service providers, Eidesvik, Agalas and Reach Subsea, are building a new construction support vessel (CSV) for subsea and offshore wind operations. The vessel will be two-thirds owned by an entity owned by Eidesvik and Agalas, controlled by Eidesvik, and
Enefit Green has signed an agreement with Sumitomo Corporation to sell a 50 per cent stake in Liivi Offshore OÜ, the project company behind the Liivi Bay offshore wind farm, planned to be built in Estonia. Under the agreement, obtaining approval from the Estonian Consumer Protection and Technical Re
The first of four commissioning service operation vessels (CSOVs) that Windward Offshore ordered at Vard was launched earlier this month. On 18 February, the German shipowner, a joint venture between multiple partners, said that it had secured a senior loan facility for the post-delivery financing o
Louis Dreyfus Armateurs (LDA) has selected Salt Ship Design (SALT) as the naval architect and ZPMC as the shipbuilder for the three new service operation vessels (SOVs) for which LDA recently signed contracts with Vattenfall. As reported in January, Vattenfall awarded long-term contracts to Louis Dr
The European investment group Eurazeo, through Eurazeo Transition Infrastructure Fund (ETIF), has made a EUR 70 million equity investment in MPC OSE Offshore, a joint venture recently established by the investment and asset management firm MPC Capital and German offshore services provider O.S. Energ
Global Underwater Hub (GUH) and Scottish Enterprise have signed a memorandum of understanding (MoU) to collaborate on establishing a subsea supply chain ecosystem as a global centre of excellence for floating wind. The partners said on 18 February that the floating wind market was estimated to be wo
The New Jersey Economic Development Authority (NJEDA), which has developed the New Jersey Wind Port on behalf of the New Jersey State, is assessing options and alternatives for the hub-style port for offshore wind as the market is facing challenges. The offshore wind port is located in Lower Alloway
Ilsenburger Grobblech (ILG), a subsidiary of Germany’s Salzgitter, and Siemens Gamesa have signed a contract for the delivery of heavy plates for the construction of wind towers that will be installed at the RWE’s Thor offshore wind farm in Denmark. Under the contract, the company will deliver aroun
The Dutch company Van Oord has signed a contract with Equinor and Polenergia to perform seabed protection work at the Bałtyk 2 and Bałtyk 3 offshore wind farms in Poland. The contract covers the supply, transport, and installation of stone ripraps on the seabed to protect the cables and foundations.
