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Business & Finance

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ScottishPower Siemens Gamesa
Business & Finance

Siemens Gamesa Bags GBP 1 Billion Turbine Contract for East Anglia Two

ScottishPower has awarded Siemens Gamesa a turbine contract worth more than GBP 1 billion for its 960 MW East Anglia Two offshore wind farm in the UK. Under the contract, Siemens Gamesa will supply 64 of its flagship SG 14-236 DD wind turbines, which have a rotor diameter of 236 metres, for Scottish

about 1 year ago
Seatrium to Build Heavy Lift Vessel for Japan’s Penta-Ocean Construction
Business & Finance

Seatrium to Build Heavy Lift Vessel for Japan’s Penta-Ocean Construction

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Seatrium has revealed that its subsidiary has signed a Letter of Intent (LoI) with Penta-Ocean Construction (POC) to build a heavy lift vessel to serve the Japanese offshore wind market. Seatrium’s subsidiary signed a LoI with the Japanese company to carry out early engineering work for a 5,000-tonn

about 1 year ago
EIB Backs 1,440 MW Polish Offshore Wind Projects
Business & Finance

EIB Backs 1,440 MW Polish Offshore Wind Projects

On 6 November, the European Investment Bank (EIB) approved the financing for the Bałtyk 2 and Bałtyk 3 offshore wind projects in Poland, being developed by Polenergia and Norway’s Equinor. According to a recent social media post by EIB vice president Teresa Czerwińska, the funds will be used to redu

about 1 year ago
Changhua
Business & Finance

EU, Taiwan Settle Dispute Over Taiwan’s Offshore Wind Localisation Measures

The European Union and Taiwan have reached an understanding on a dispute at the World Trade Organization (WTO) that was initiated by the EU over Taiwan’s offshore wind auctions, more specifically, the requirements for domestic content. In July this year, the EU requested consultations at the WTO con

about 1 year ago
EnBW Picks He Dreiht Foundations Designer
Business & Finance

EnBW Taps JBO for Work on 1 GW German Offshore Wind Farm

German engineering company Jörss-Blunck-Ordemann (JBO) has been awarded new contracts by EnBW for the geotechnical work and pre-FEED design for the Dreekant offshore wind project in Germany. EnBW secured the rights to develop an offshore wind farm in the N-12.3 area in the German North Sea in June t

about 1 year ago
Türkiye offshore wind roadmap
Business & Finance

Roadmap Outlines Path for Türkiye to Reach 7 GW of Offshore Wind by 2040

The World Bank Group, in collaboration with the Republic of Türkiye’s Ministry of Energy and Natural Resources, has launched an offshore wind roadmap for the country that outlines the potential for up to 7 GW of capacity to be installed by 2040. The Government of Türkiye has set a target of 5 GW ins

about 1 year ago
Final Preparations for OEEC 2024 Underway
Business & Finance

Final Preparations for OEEC 2024 Underway

Offshore Energy Exhibition & Conference 2024 (OEEC 2024) is coming up this month. Work on the event is at full steam at Navingo (the company behind OEEC and offshoreWIND.biz brands) with final tweaks and preparations underway. The exhibition floor has been almost completely booked and visitors are n

about 1 year ago
Baltic 2
Business & Finance

Vårgrønn Debuts in German Offshore Wind Market with Baltic 2 Acquisition

Vårgrønn has agreed to acquire a 27.4 per cent stake in the 288 MW Baltic 2 offshore wind farm from PGGM Infrastructure Fund, marking its entry into the German market. Following the deal closing, Vårgrønn and EnBW will own 27.4 per cent and 50.1 per cent, respectively, with EnBW responsible for oper

about 1 year ago
Zhong Neng COP CIP
Business & Finance

DFO Secures Long-Term SOV Contract with Vestas

Vestas has awarded Dong Fang Offshore (DFO) a contract to provide a service operations vessel (SOV) for the Changfang-Xidao and Zhong Neng offshore wind projects in Taiwan. Under the twelve-year contract, Dong Fang Offshore will provide an SOV for supporting the operations and maintenance (O&M) phas

about 1 year ago
WindEurope CEO: ‘Yet Again Sweden Is Bottom of the Class on Offshore Wind’
Business & Finance

WindEurope CEO: ‘Yet Again Sweden Is Bottom of the Class on Offshore Wind’

After the Swedish government rejected 13 offshore wind projects due to defence concerns, the European wind energy industry organisation, WindEurope, issued a press release saying the decision was “highly problematic”. “Yet again Sweden is bottom of the class on offshore wind. The Swedish Government

about 1 year ago
Seaway Moxie at an offshore wind farm
Business & Finance

Seaway7 Wins East Anglia Two Inter-Array Cable Contract

Seaway7, part of the Subsea7 Group, has been awarded a contract by ScottishPower Renewables for the transport and installation of the inter-array cables for the 960 MW East Anglia Two offshore wind project in the UK. The deal is worth between USD 150 million and USD 300 million, as per Subsea7’s def

about 1 year ago
Equinor LS Cable
Business & Finance

Equinor, LS Cable & System Ink South Korean Floating Wind Agreement

LS Cable & System has signed a memorandum of understanding (MoU) with Norway’s Equinor for cooperation on the 750 MW Bandibuli/Firefly floating offshore wind project in South Korea. According to LS Cable & System, the company has developed South Korea’s first dynamic submarine cable for floating off

about 1 year ago
MPC Capital O.S. Energy
Business & Finance

Newly Established German Joint Venture to Build Next-Gen Service Vessels for Offshore Wind

Germany’s MPC Capital and its compatriot O.S. Energy have partnered to build a fleet of next-generation service vessels that will be used primarily on offshore wind farms in the North and Baltic Seas. The joint venture commissioned the construction of a first vessel at the Danish Esbjerg Shipyard in

about 1 year ago
Vestas Reports ‘All-Time High’ Wind Turbine Order Backlog
Business & Finance

Vestas Reports ‘All-Time High’ Wind Turbine Order Backlog

Vestas’s wind turbine order backlog amounted to nearly 28 GW and EUR 28.3 billion at the end of the third quarter of 2024, an all-time high for the wind turbine manufacturer, according to the company’s third-quarter results. “Vestas achieved revenue of EUR 5.2bn and an EBIT margin of 4.5 percent in

about 1 year ago