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Business & Finance

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MOL Fukada
Business & Finance

Mitsui O.S.K. Lines Partners with Compatriot Company for Floating Offshore Wind

Japan’s Mitsui O.S.K. Lines (MOL) and its compatriot Fukada Salvage & Marine Works have signed a memorandum of understanding (MoU) to explore collaboration on the transportation and installation vessels for floating offshore wind turbines. Floating offshore wind turbines are normally assembled at a

about 1 year ago
Dragados TenneT
Business & Finance

Dragados Grows Capacity in Spain for TenneT’s German Offshore Converter Stations

Dragados Offshore is planning to add a new production site with 400,000 square metres of space in Spain for the manufacturing of TenneT’s 2 GW offshore converter stations. The production site is currently being built in the southern Spanish coastal town of Algeciras (Campo de Gibraltar region). From

about 1 year ago
Chantiers de l’Atlantique Subsidiary Wins French Offshore Substation Maintenance Job
Business & Finance

Chantiers de l’Atlantique Subsidiary Wins French Offshore Substation Maintenance Job

Chantiers de l’Atlantique subsidiary, Atlantique Offshore Energy, has been awarded contracts to carry out preventive maintenance of the two electrical substations for the 488 MW Îles d’Yeu and Noirmoutier and the 496 MW Dieppe Le Tréport offshore wind projects in France. The company has been chosen

about 1 year ago
DMEC energy storage
Business & Finance

New European Project to Tackle Offshore Energy Storage Challenges

Sixteen partners from across the European offshore renewable energy sector have launched the Offshore Electricity Storage Technology Research (OESTER) project to accelerate the development of offshore electricity storage. Several major energy industry players, such as RWE, Vattenfall, and the Dutch

about 1 year ago
Next Ocean Arches
Business & Finance

Next Ocean Secures Investment to Scale Up Vessel Motion Radar Technology

The Dutch developer of Vessel Motion Radar systems, Next Ocean, has secured seed investment from Arches Capital to support its expansion and enhance maritime safety worldwide. The funding is said to accelerate the company’s growth, enabling Next Ocean to scale production, expand into new markets, an

about 1 year ago
Neil Gordon, CEO of GUH.
Business & Finance

New Taskforce Enters Subsea Scene to Enhance Cable Performance for Offshore Wind

Global Underwater Hub (GUH) has launched a new initiative to tackle subsea cable reliability, a critical factor in offshore wind development, as the UK pushes to meet its clean energy targets. The industry body, representing the UK’s GBP 9.2 billion (around USD 11.3 billion) underwater sector, has p

about 1 year ago
EFGL port-la nouvelle
Business & Finance

30 MW French Floating Wind Pilot Project Selects O&M Base

Les Eoliennes Flottantes du Golfe du Lion (EFGL), a consortium comprising Ocean Winds and the Banque des Territoires which is developing the 30 MW floating wind pilot project in the French Mediterranean Sea, has selected Euroports’ Port-La Nouvelle as the site for its operation and maintenance (O&M)

about 1 year ago
Inch Cape
Business & Finance

UK Company to Deliver Davit Cranes for Inch Cape Offshore Wind Farm

The developer of the Inch Cape offshore wind farm has awarded a contract to UK-based Granada Cranes to provide 72 davit crane units on one of Scotland’s largest offshore wind projects. Granada Cranes has been contracted to design and supply two separate types of davit cranes, each to suit the mixed

about 1 year ago
Aker balwin
Business & Finance

Aker Solutions Wins Contract for 2 GW German Offshore Wind Project

Aker Solutions has signed a contract with Spain’s Dragados Offshore to deliver the steel substructure for the 2 GW BalWin1 converter station in the German North Sea. The contract also includes an option for the BalWin2 steel substructure. The contract is worth between NOK 1.5 billion (approximately

about 1 year ago
Source Galileo
Business & Finance

Source Galileo, Portland Port Partner for UK Offshore Wind Project

Source Galileo, developer of the PortWind project in the English Channel, has signed a non-exclusive memorandum of understanding (MoU) with Portland Port to work together to maximise opportunities for offshore wind development off the Dorset coast. Under the MoU, Source Galileo and Portland Port wil

about 1 year ago
klaipeda
Business & Finance

Lithuanian Port to Undergo Upgrades for Offshore Wind Development

Lithuania’s Klaipėda Port Authority has commenced the construction of the infrastructure for the offshore wind projects, signing a contract for the reconstruction of quays on Smeltė peninsula. UAB Tilsta has been contracted to reconstruct the quays at the former International Ferry Port. As the reco

about 1 year ago
Cadeler
Business & Finance

Cadeler Inks Reservation Agreement for Ocean Winds’ Polish Offshore Wind Farm

Ocean Winds and Cadeler have signed a vessel reservation agreement for the installation of the turbines at the BC-Wind offshore wind farm in the Polish Baltic Sea. The potential value of the contract to be negotiated during the pendency of the reservation agreement is estimated to be between EUR 48

about 1 year ago
Half of Global Operational Offshore Wind Capacity in China
Business & Finance

Half of Global Operational Offshore Wind Capacity in China

The global capacity of fully operational offshore wind farms has reached 80.9 GW, according to RenewableUK, whose new report also shows China is leading in total operational capacity, new capacity installed in 2024, as well as in the capacity of the project pipeline. The global operational offshore

about 1 year ago
RWE to Offer 60 MW from Amrumbank West Offshore Wind Farm for Grid Stabilisation
Business & Finance

RWE to Offer 60 MW from Amrumbank West Offshore Wind Farm for Grid Stabilisation

RWE plans to market part of the production capacity from its Amrumbank West offshore wind farm in Germany in daily auctions for a system-stabilising secondary reserve to keep the grid frequency at 50 Hertz, preventing potential grid failures. The transmission system operator TenneT recently granted

about 1 year ago
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