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Business & Finance

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Shell Halts Investments in New Offshore Wind Projects, Partners with Equinor to Create ‘UK’s Largest Independent Oil & Gas Company’
Business & Finance

Shell Halts Investments in New Offshore Wind Projects, Partners with Equinor to Create ‘UK’s Largest Independent Oil & Gas Company’

Shell has decided to cease investments in new offshore wind developments as part of a review of the Shell Energy business. The oil and gas major, which has built a significant portfolio of renewable energy and clean fuel projects, will not abandon its existing offshore wind projects, but investing i

about 1 year ago
Ørsted Sweden
Business & Finance

Ørsted Pauses Development of 1.5 GW Swedish Offshore Wind Farm

Following the Swedish government’s rejection of 13 offshore wind farm proposals last month, including Ørsted’s Skåne Offshore Wind Park, the Danish developer revealed it will pause the development of this specific project. Earlier in 2024, several areas offshore Sweden, where Ørsted is planning to b

about 1 year ago
TenneT Taps ABL for MWS Services in Germany
Business & Finance

TenneT Taps ABL for MWS Services in Germany

The German transmission system operator (TSO) TenneT has selected ABL to provide marine warranty survey (MWS) services for the subsea cable interconnections between two of Germany’s offshore wind farms and the DolWin6 offshore converter station. The three subsea cables to be installed between the N-

about 1 year ago
Nexans Lands Export Cable Contract for East Anglia Two Offshore Wind Farm
Business & Finance

Nexans Lands Export Cable Contract for East Anglia Two Offshore Wind Farm

ScottishPower Renewables, part of the Iberdrola Group, has awarded an export cable contract for East Anglia Two (EA2), a 960 MW offshore wind farm in the UK, to Nexans. Under the contract, Nexans will supply and install approximately 100 kilometres of 275 kV high-voltage subsea export cables and 55

about 1 year ago
Ocean Winds Hyundai Steel
Business & Finance

Ocean Winds, Hyundai Steel to Cooperate on South Korean Offshore Wind Project

Ocean Winds, a 50/50 joint venture between EDP Renewables and ENGIE, has signed a memorandum of understanding (MoU) with Hyundai Steel to cooperate on the proposed Hanbando offshore wind project in South Korea. Under the MoU, Ocean Winds and Hyundai Steel will explore various ways to develop a suita

about 1 year ago
Principle Power to Continue with O&M Services on WindFloat Atlantic Project
Business & Finance

Principle Power to Continue with O&M Services on WindFloat Atlantic Project

Ocean Winds has extended its operations and maintenance (O&M) long-term contract with Principle Power for the 25 MW WindFloat Atlantic project, the world’s first semi-submersible floating offshore wind farm. Since the project’s first WindFloat unit was installed in 2019, Principle Power has provided

about 1 year ago
CIP power purchase Fengmiao 1
Business & Finance

CIP Signs PPA for 500 MW Taiwanese Offshore Wind Project

Copenhagen Infrastructure Partners (CIP), through its Flagship Fund Copenhagen Infrastructure V (CI V), has signed a corporate power purchase agreement (CPPA) with Sino-American Silicon Products and its renewable energy subsidiary, Sustainable Energy Solution (SES) for the Fengmiao 1 offshore wind p

about 1 year ago
Natural Power Bolsters Offshore Team
Business & Finance

Hitachi Energy to Integrate 960 MW East Anglia Two Wind Farm into UK Grid

Hitachi Energy has been awarded an order from ScottishPower Renewables to provide onshore and offshore grid connection and power quality solutions for the East Anglia Two offshore wind farm in the UK. The project will integrate 960 MW of renewable electricity from the East Anglia Two wind farm, loca

about 1 year ago
MunmuBaram
Business & Finance

Hexicon Closer to Finalizing Floating Offshore Wind Deal in South Korea

Sweden’s Hexicon has obtained the necessary regulatory clearance to acquire a controlling stake in the 1,125 MW MunmuBaram floating offshore wind farm in South Korea. The South Korean Electricity Regulatory Commission (KOREC) has approved the transfer of two out of three Electricity Business License

about 1 year ago
Vestas 15 MW prototype
Business & Finance

Vestas 15 MW Turbines to Spin on RWE’s Nordseecluster Offshore Wind Project

Vestas has received a firm order from RWE for the second phase of its 1.6 GW Nordseecluster offshore wind development in Germany. The order comprises 60 V236-15.0 MW wind turbines, and Vestas is responsible for the supply, delivery, and commissioning of the units. Upon completion, the Denmark-based

about 1 year ago
DEME Cuxhaven
Business & Finance

DEME Bags Contract for Offshore Wind Terminal in Cuxhaven

Belgium-headquartered DEME has won a contract for the construction of a new offshore wind terminal at the Port of Cuxhaven in Germany. As part of a consortium, including Depenbrock and TAGU, DEME will carry out the dredging and land reclamation works, with a total volume of more than 3 million m³ ex

about 1 year ago
LIVE BLOG: Offshore Energy Exhibition & Conference 2024
Business & Finance

LIVE BLOG: Offshore Energy Exhibition & Conference 2024

Welcome to the Live Blog! That’s a wrap! As OEEC 2024 comes to a close, Navingo invites all attendees to join for the final celebration! After two dynamic days of exploring innovations in the offshore energy sector, it’s time to relax, reflect and network over drinks and bites. Join us at the Stage

12 minutes read
ECE Offshore, Jan De Nul to Collaborate on TenneT 2 GW Grid Connection Projects
Business & Finance

ECE Offshore, Jan De Nul to Collaborate on TenneT 2 GW Grid Connection Projects

The Dutch company, ECE Offshore, has secured a contract with Jan De Nul Group to support cable laying and execution on the TenneT 2 GW grid connection projects. The scope of ECE Offshore is part of Jan De Nul’s framework agreement with the Dutch-German transmission system operator (TSO) TenneT on th

about 1 year ago
A photo of TotalEnergies stand at Offshore Energy Exhibition & Conference 2022
Business & Finance

TotalEnergies Halts US Offshore Wind Project Amid Political Uncertainty

TotalEnergies has paused the development of its offshore wind project in New York, citing political uncertainties following Donald Trump’s US presidential election win, according to Bloomberg. TotalEnergies has been active in the US offshore wind market since 2018. In 2022, the company participated

about 1 year ago
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