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Nexans Sets Aside EUR 90 Million to Support European Offshore Wind Growth
Business & Finance

Nexans Sets Aside EUR 90 Million to Support European Offshore Wind Growth

Nexans, a French manufacturer of subsea power cables, has unveiled a EUR 90 million investment to build new and upgrade existing facilities to support the growth of offshore wind in Europe. The investment will begin in 2025 and run through 2026 when the work is planned to be completed. The funding w

about 1 year ago
SSE Probing the Market for Arklow Bank 2
Business & Finance

Ireland Joins Forces with EIB for Offshore Wind Port Upgrades

The European Investment Bank (EIB) and the Irish Department of Transport have established an advisory cooperation to assess capacity, demand and financing strategies for the development of port infrastructure for offshore wind projects in Irish waters. Signed by the Irish Minister for the Environmen

about 1 year ago
Med Wind Aker Solutions Renexia
Business & Finance

Aker Solutions to Design Underwater Substations for 2.8 GW Floating Wind Farm off Sicily

Aker Solutions has won a contract from Renexia to design the underwater substations for the 2.8 GW Med Wind floating offshore wind project in the Mediterranean Sea. Renexia, through its subsidiary Renext Solutions, signed a Front-End Engineering and Design (FEED) contract with Aker Solutions, markin

about 1 year ago
Norway Tackles the LCOE Challenge in Floating Offshore Wind Head On
Business & Finance

Norway Tackles the LCOE Challenge in Floating Offshore Wind Head On

In the quest to bring down the cost of offshore wind, Norwegian companies are innovating on several fronts, including cutting-edge floating foundation designs. Most wind energy experts agree: Floating offshore wind holds great promise, but costs must drop dramatically if floating solutions are to be

about 1 year ago
Dong Tam Group CS Wind
Business & Finance

CS Wind to Pour USD 200 Million Into New Factory in Vietnam

Dong Tam Group and South Korea’s CS Wind have signed a cooperation agreement to lease land for a wind power manufacturing facility in Long An, Vietnam, with a total investment of USD 200 million. The manufacturing facility will be located in Southeast Asia Industrial Park built by Dong Tam Group in

about 1 year ago
Van Oord's New Cable Layer Ready for Debut at RWE's Largest Offshore Wind Project
Business & Finance

Van Oord’s New Cable Layer Ready for Debut at RWE’s Largest Offshore Wind Project

Van Oord’s new, next-generation cable-laying vessel (CLV) is getting ready for its first project with the pick up of inter-array cables destined for RWE’s largest offshore wind farm to date. Calypso, Van Oord’s second CLV which will mostly be used for installing inter-array and export cables for off

about 1 year ago
Invenergy, energyRe Face Turbine Supplier Issues, Hit Pause on 2.4 GW Wind Project Offshore New Jersey
Business & Finance

Invenergy, energyRe Face Turbine Supplier Issues, Hit Pause on 2.4 GW Wind Project Offshore New Jersey

Invenergy Wind Offshore (Invenergy) has requested a delay from the New Jersey Board of Public Utilities (NJBPU) until late December for its proposed 2.4 GW offshore wind project near Long Beach Island. In a July filing with the board, the company, which is developing the wind farm together with ener

about 1 year ago
Mingyang Unison
Business & Finance

Mingyang to Manufacture Wind Turbines in South Korea

China’s Mingyang Smart Energy has signed an agreement with the local company Unison to manufacture wind turbines in South Korea. The two companies entered into a joint venture to provide “top-tier products and services, contributing to carbon neutrality efforts in South Korea and the surrounding reg

about 1 year ago
Ramboll Shifts to FEED Design for 2 GW West of Orkney Windfarm
Business & Finance

Ramboll Shifts to FEED Design for 2 GW West of Orkney Windfarm

Ramboll has secured a contract for the Front-End Engineering Design (FEED) services for the 2 GW West of Orkney Windfarm project offshore Scotland. Building upon Ramboll’s previous Pre-FEED work for the project, the company has been selected to continue with the FEED design services. The phase will

about 1 year ago
An aerial view of Sif's monopile foundation manufacturing site at Maasvlakte 2 terminal in Rotterddam
Business & Finance

Sif Logs Upcoming Order as UK Closes Sixth CfD Round; Launches New Production Line at ‘World’s Largest Monopile Factory’

Sif is in exclusive negotiations for a 140-kilotonne monopile foundation project for an offshore wind farm that was awarded a Contract for Difference (CfD) in the UK’s Allocation Round 6 (AR6), the Dutch company informed following the announcement of the AR6 results. “It is expected that a final con

about 1 year ago
EDF Renewables Enters South Korean Offshore Wind Market
Business & Finance

EDF Renewables Enters South Korean Offshore Wind Market

EDF Renewables, a subsidiary of EDF, has acquired 100 per cent of Shell Overseas Holdings Ltd.’s shares in West Sea Energy 1, which is exploring the development of a large-scale offshore wind project in South Korea. The France-based company acquired its first offshore wind project in South Korea, lo

about 1 year ago
Equinor OWC
Business & Finance

Polenergia, Equinor Award Contracts for Bałtyk 2 & Bałtyk 3 Offshore Wind Farms

Polenergia and Equinor have signed contracts with Poland’s Enprom, the Smulders-Sif consortium, and Iemants, a subsidiary of Smulders, for the Bałtyk 2 and Bałtyk 3 offshore wind farms in Poland. Polenergia and Equinor, the two companies that will build the offshore wind farms together in Poland, si

about 1 year ago
Mammoet Samyang
Business & Finance

Mammoet Enters Offshore Wind Partnership with South Korean Company

The Netherlands-based logistics company, Mammoet, and Samyang Marine Group have entered into a partnership to provide heavy lifting and transport solutions for South Korea’s offshore wind sector. The collaboration is set to establish Offshore Service Port (OSP) facilities to serve projects across se

about 1 year ago
Pliant Offshore, Exail Team Up to Improve Wind Turbine Installation Accuracy
Business & Finance

Pliant Offshore, Exail Team Up to Improve Wind Turbine Installation Accuracy

Netherlands-based Pliant Offshore has awarded Exail a contract to supply three Hydrins Inertial Navigation Systems (INS), which will be integrated into the company’s installation measurement system (IMS) to enhance the accuracy and efficiency of wind turbine installations. Pliant Offshore’s IMS is d

about 1 year ago
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