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Mainprize Offshore Expands CTV Fleet with EUR 25 Million from Siemens Financial Services
Business & Finance

Mainprize Offshore Expands CTV Fleet with EUR 25 Million from Siemens Financial Services

UK-based crew transfer vessel (CTV) owner and operator, Mainprize Offshore, is expanding its fleet with EUR 25 million provided by Germany-headquartered Siemens Financial Services (SFS) as the lender. Mainprize currently operates nine CTVs on offshore wind farms in the North Sea, off the coast of Sc

about 1 year ago
Outer Dowsing Corio Generation offshore wind
Business & Finance

Corio, EBR Partner to Assess Offshore Wind Hub Potential in Southern Brazil

Corio Generation and Brazilian shipyard and marine construction company Estaleiros do Brasil (EBR) have signed a Memorandum of Understanding (MoU) to evaluate the suitability of EBR’s shipyard and construction facilities as a potential offshore wind hub for southern Brazil. Under the agreement, the

about 1 year ago
A photo of monopiles being loaded at EEW SPC quayside in Rostock, Germany
Business & Finance

Japanese Sumitomo Takes Stake in One of EEW Group’s Three New Holding Companies

Japan-based Sumitomo Corporation has acquired an equity stake in EEW Offshore Wind Holding, one of three new holding companies EEW Group founded to organise its business more efficiently, according to the German foundation manufacturer. According to EEW Group, Sumitomo’s stake has been in commercial

about 1 year ago
A photo from the opening of Siemens Gamesa Taichung nacelle factory expansion
Business & Finance

Siemens Gamesa Starts Producing 14 MW Offshore Wind Turbine Nacelles in Taiwan

Siemens Gamesa Renewable Energy has officially started production at its expanded nacelle assembly facility in Taichung, Taiwan, from where the company will deliver the nacelles for the 14 MW wind turbines that will be installed at the Hai Long offshore Wind farm, starting in the second quarter of 2

about 1 year ago
MassCEC Unveils Plans to Upgrade New Bedford Marine Commerce Terminal
Business & Finance

MassCEC Unveils Plans to Upgrade New Bedford Marine Commerce Terminal

Massachusetts Clean Energy Center (MassCEC) plans to expand and upgrade the New Bedford Marine Commerce Terminal, the state’s first terminal to serve the offshore wind industry. The terminal, spanning 30 acres (121,406 square metres), is built and operated by MassCEC and houses the construction, ass

about 1 year ago
New Jersey Grants Ørsted’s Motions to Vacate Orders for Cancelled Ocean Wind Projects
Business & Finance

New Jersey Grants Ørsted’s Motions to Vacate Orders for Cancelled Ocean Wind Projects

The New Jersey Board of Public Utilities (BPU) has granted a motion submitted by Ørsted on 1 July, requesting the BPU vacate the orders issued for the two Ocean Wind projects offshore New Jersey after the developer cancelled the projects last year. On 14 August, the BPU accepted Ørsted’s motions to

about 1 year ago
Norther offshore wind farm with Vestas wind turbines
Business & Finance

Vestas’s Offshore Wind Turbine Order Backlog Stood at EUR 5.5 Billion on 30 June 2024

Vestas has posted its results for the second quarter of 2024 which show the company’s offshore wind turbine order backlog on 30 June was at 4,489 MW and amounted to EUR 5.5 billion, EUR 3.1 billion more than in the same period last year. The total wind turbine order backlog stood at a little over [&

about 1 year ago
RWE to Enter Cancelled New York Project Into One of Upcoming Offshore Wind Solicitations
Business & Finance

RWE to Enter Cancelled New York Project Into One of Upcoming Offshore Wind Solicitations

RWE plans to participate in one of the upcoming offshore wind solicitations in New York with its 1,314 MW Community Offshore Wind project, one of the three cancelled earlier this year as GE Vernova dropped plans for the 18 MW Haliade-X wind turbine which was planned to be used in the projects. Commu

about 1 year ago
The 12 MW Coastal Virginia Offshore Wind demonstration wind farm
Business & Finance

Equinor, Dominion Energy Secure Central Atlantic Offshore Wind Lease Areas

Equinor and Virginia Electric and Power Co, a subsidiary of Dominion Energy, have provisionally won lease areas in the Central Atlantic offshore wind auction in the US, each securing one site. The auction, which yielded almost USD 93 million (around EUR 84 million), saw a total of six companies part

about 1 year ago
A photo from LS Marine and Dong Fang Offshore's signing of the MOU
Business & Finance

LS Marine to Use Dong Fang Offshore’s SOV on South Korean Offshore Wind Projects

Korean company LS Marine Solution and Taiwan’s Dong Fang Offshore (DFO) have entered into a memorandum of understanding (MOU) which will see LS Marine chartering a service operations vessel (SOV) from DFO and participating in offshore wind project bidding in South Korea. According to LS Marine Solut

about 1 year ago
Mingyang Enters Deal with Renexia, Italian Gov’t to Set Up Shop in Italy
Business & Finance

Mingyang Enters Deal with Renexia, Italian Gov’t to Set Up Shop in Italy

Renexia, Mingyang Smart Energy and Minister Adolfo Urso from the Ministry of Enterprises and Made in Italy (MIMIT) have signed a memorandum of understanding (MOU) that will see the Chinese OEM producing wind turbines in Italy and supplying 18.8 MW wind turbines for Renexia’s Med Wind floating wind f

about 2 years ago
Formosa 2 wind turbine
Business & Finance

Taiwan Allocates 2.7 GW of Capacity to Five Offshore Wind Projects, Ørsted Not on List

Taiwan’s Ministry of Economic Affairs (MOEA) has released the list of the projects awarded capacity in the latest offshore wind tender round. Five projects have been selected, totalling 2.7 GW in generation capacity. The projects are the 700 MW Youde (Shinfox), the 800 MW Formosa 6 (Synera Renewable

about 2 years ago
Siemens Gamesa’s UK Blade Factory Workers Secure Pay Deal, Drop Strike Plan
Business & Finance

Siemens Gamesa’s UK Blade Factory Workers Secure Pay Deal, Drop Strike Plan

An industrial action of Siemens Gamesa’s employees in the company’s Hull offshore wind blade factory has been called off as the UK union Unite secured a pay rise worth 8.4 per cent. On 12 July, Unite said around 300 Siemens Gamesa wind turbine workers in Hull were being balloted for strike action ov

about 2 years ago
A photo of the WindFloat Atlantic floating wind farm n Portugal
Business & Finance

Tokyo Gas Makes First Investment in Overseas Floating Wind Project

Tokyo Gas has acquired a 21.2 per cent stake in WindFloat Atlantic, the 25.2 MW floating offshore wind farm in Portugal. WindFloat Atlantic, operated by Windplus, a majority-owned subsidiary of Ocean Winds, has been operational since 2020. According to the Japanese company, this is Tokyo Gas’s first

about 2 years ago
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