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Business & Finance

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A close-up of a GE Haliade-X turbine at Vineyard Wind 1 offshore wind farm in Massachusetts
Business & Finance

Massachusetts Court Rules In Favour of Vineyard Wind, GE Vernova Must Stay on Project

A Massachusetts Superior Court has granted Vineyard Wind a preliminary injunction preventing GE Vernova from terminating its role in the offshore wind project off Martha’s Vineyard, according to the court filing shared by US media outlets. The decision, issued on 17 April after a hearing on 16 April

about 3 months ago
Haizea Wind Group Reports EUR 400+ Million Revenue in 2025
Business & Finance

Haizea Wind Group Reports EUR 400+ Million Revenue in 2025

Spanish wind turbine tower and foundation manufacturer, Haizea Wind Group, has reported EUR 416.9 million in revenue for 2025, marking a 12 per cent increase year-on-year, with net profit rising to EUR 20 million from EUR 18 million in 2024. The company said the results align with the targets set in

about 3 months ago
Dajin, Zhengli Eye WTIV Retrofit for European Offshore Wind Market
Business & Finance

Dajin, Zhengli Eye WTIV Retrofit for European Offshore Wind Market

Dajin Heavy Industry has signed a strategic cooperation framework agreement with Zhengli Marine Engineering to develop offshore wind installation vessel solutions for the European market. Under the agreement, the two Chinese companies will jointly assess the feasibility of retrofitting Zhengli Offsh

about 3 months ago
US Company Granted Offshore Wind Survey Licence in Vietnam
Business & Finance

US Company Granted Offshore Wind Survey Licence in Vietnam

US-based Pacifico Energy has received a site survey licence for a 500 MW offshore wind project in Ba Ria–Vung Tau, offshore Ho Chi Minh City, Vietnam. The licence, granted by Vietnam’s Ministry of Agriculture and Environment (MAE), allows the company to carry out site survey assessment activities at

about 3 months ago
LD Armateurs Expands Fleet with Multipurpose Support Vessel
Business & Finance

LD Armateurs Expands Fleet with Multipurpose Support Vessel

LD TravOcean, a subsidiary of Louis Dreyfus Armateurs (LD Armateurs), has acquired the DP2 multipurpose support vessel SIDDIS Mariner, which will be renamed TVO Mariner and support the company’s operations across several sectors, including offshore wind. The vessel is already familiar to LD TravOcea

about 3 months ago
AF Gruppen Buys Acteon Business to Expand Its Decom and Offshore Wind Offering
Business & Finance

AF Gruppen Buys Acteon Business to Expand Its Decom and Offshore Wind Offering

Norway’s AF Gruppen is acquiring Aberdeen-headquartered Claxton from Acteon Group for an agreed enterprise value of GBP 63.5 million (around EUR 72.8 million). The transaction comprises the operating companies Claxton Engineering Service Ltd. (UK), Probe Manufacturing and Fabrication Ltd. (UK), Clax

about 3 months ago
TGS Wins Third Offshore Wind Contract for Summer Season in Europe
Business & Finance

TGS Wins Third Offshore Wind Contract for Summer Season in Europe

Norwegian energy data and intelligence company TGS has won another contract to deploy its seismic vessel Ramform Vanguard for an offshore wind site characterisation campaign in Europe. Under the contract that has a duration of approximately one and a half months, Ramform Vanguard will commence data

about 3 months ago
UK’s Railway Owner-Operator Buys Power from Gwynt y Môr Offshore Wind Farm
Business & Finance

UK’s Railway Owner-Operator Buys Power from Gwynt y Môr Offshore Wind Farm

The UK’s state-owned railway owner and operator, Network Rail, has signed a five-year corporate power purchase agreement (CPPA) with RWE for 300 GWh of electricity annually to be supplied from RWE’s Gwynt y Môr offshore wind farm. “We are delighted to have concluded the first public sector PPA under

about 3 months ago
ABL Secures Work on New South Korean Offshore Wind Farm
Business & Finance

ABL Secures Work on New South Korean Offshore Wind Farm

ABL has been appointed marine warranty surveyor (MWS) on the Shinan Ui offshore wind project in South Korea. The energy and marine consultancy, part of Norwegian ABL Group, will provide marine warranty survey services to support the transportation and installation operations, as well as marine assur

about 3 months ago
Evolve Energy Buys Race Bank Offshore Wind Farm Power from Shell
Business & Finance

Evolve Energy Buys Race Bank Offshore Wind Farm Power from Shell

Evolve Energy, a UK-based energy supplier offering solutions for direct access to renewable energy for industrial and commercial businesses, has entered into a nine-year power purchase agreement (PPA) with Shell for electricity generated by the Race Bank offshore wind farm, with which Shell has an o

about 3 months ago
Vineyard Wind 1
Business & Finance

Vineyard Wind Takes GE Vernova to Court Over Offshore Wind Contract Dispute – Reports

US offshore wind developer Vineyard Wind has filed a lawsuit against GE Vernova seeking to prevent the turbine supplier from terminating its contracts and withdrawing from the Vineyard Wind 1 project off Massachusetts. According to reports by Reuters and Associated Press (AP), the complaint was lodg

about 3 months ago
Polish Gov’t Flags Low Domestic Share in Offshore Wind as It Rolls Out Local Content Framework
Business & Finance

Polish Gov’t Flags Low Domestic Share in Offshore Wind as It Rolls Out Local Content Framework

The Polish government has introduced a new “local content” framework designed to increase the share of domestically generated value in large-scale investments, including energy projects, by modifying procurement practices and evaluation criteria. Speaking on 10 April, Prime Minister Donald Tusk stat

about 3 months ago
“K” Line Takes Full Control of Offshore Wind Unit KWS
Business & Finance

“K” Line Takes Full Control of Offshore Wind Unit KWS

Japanese shipping company Kawasaki Kisen Kaisha (“K” Line) has acquired full ownership of “K” Line Wind Service (KWS), taking over all shares previously held by its wholly owned subsidiary Kawasaki Kinkai Kisen Kaisha. The transaction, completed on 31 March 2026, converts KWS from a joint venture in

about 3 months ago
Tahkoluoto, Finland's first commercial offshore wind farm.
Business & Finance

Arenso’s Operative Management Buys Company’s Offshore Wind Business

Part of the operative management of Arenso Oy has acquired the company’s offshore wind business, including its brand, bringing a new reshuffle following the 2024 demerger of Suomen Hyötytuuli Oy. Under the transaction, Arenso’s offshore wind team, along with its foundation technology and bird radar

about 3 months ago
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