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Business & Finance

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Cadeler
Business & Finance

Cadeler Secures Vessel Capacity for 2029 Wind Turbine Installation Campaign

Denmark-headquartered Cadeler has signed a preferred supplier agreement to transport and install wind turbine generators (WTGs). An undisclosed client has signed an agreement with Cadeler to secure vessel capacity for a wind turbine installation campaign scheduled to start in 2029. According to the

about 2 years ago
Princess Elisabeth Energy Island
Business & Finance

Ocean Winds, Eneco, and Otary to Jointly Bid in Belgian Offshore Wind Tender

Ocean Winds, a joint venture between EDP Renewables and ENGIE, Eneco, and Otary have entered into a strategic partnership to jointly compete in the tender for the offshore wind Princess Elisabeth concessions in Belgium. The consortium was formed to compete in the upcoming tenders for the Princess El

about 2 years ago
Orsted Greater Changhua 1 and 2a
Business & Finance

Ørsted Adds Acteon to Greater Changhua 2b & 4 Team

Pulse Structural Monitoring, a brand in marine energy and infrastructure services company Acteon, has signed a contract with Ørsted Taiwan to provide measurement and associated data acquisition systems for the Greater Changhua 2b and 4 offshore wind farms in Taiwan. The company, which is part of Act

about 2 years ago
A map showing locations of offshore projects on which Iv has been contracted for platform design
Business & Finance

More than 25 Pct of Offshore Wind Platforms in EU Designed by Dutch Engineering Company

Dutch engineering company Iv has designed more than a quarter of all offshore wind platforms in the European Union, the company said on 9 July, citing offshore wind statistics from a WindEurope report. Of the 19 GW of offshore wind energy the EU had installed at the end of 2023, Iv has worked on off

about 2 years ago
US Offshore Wind to Hit 14 GW by 2030, Missing President Biden’s 30 GW Target – ACP Report
Business & Finance

US Offshore Wind to Hit 14 GW by 2030, Missing President Biden’s 30 GW Target – ACP Report

The American Clean Power Association (ACP) has projected there will be approximately 14 GW of offshore wind capacity deployed by 2030, falling short of the 30 GW goal set by the Biden Administration in 2021. ACP’s recent report also outlines USD 65 billion (approximately EUR 60 billion) in investmen

about 2 years ago
LS Cable & System / LS GreenLink new subsea cable factory in Virginia, visualization
Business & Finance

LS Cable & System to Build ‘Largest US Subsea Cable Factory’ in Virginia

South Korea-based offshore wind cable manufacturer, LS Cable & System, has decided to build a manufacturing facility for high-voltage direct current (HVDC) subsea cables in Virginia, which the company says will be the largest factory of this kind in the United States. The factory will be built on a

about 2 years ago
South Fork Wind Orsted
Business & Finance

Ørsted Becomes Sole Owner of 924 MW Sunrise Wind in US for USD 152 Million

Ørsted and Eversource have finalized the transaction for Eversource’s share in the Sunrise Wind offshore wind project, initially announced in January. Ørsted has acquired its former partner’s stake for USD 78 million (approximately EUR 72 million) less than the originally agreed price earlier this y

about 2 years ago
Iberdrola TMD PPA
Business & Finance

Dominion Buying Iberdrola’s US Offshore Wind Lease Area North of CVOW Project Site

Iberdrola, through its US subsidiary Avangrid, and Virginia Electric and Power Company, a wholly-owned subsidiary of Dominion Energy, have signed an agreement under which Dominion will acquire the Kitty Hawk North Wind offshore wind lease area. The site, located some 40 kilometres north of the under

about 2 years ago
A map showing IJmuiden Ver Alpha site and SSE Renewables North Sea projects
Business & Finance

SSE, Dutch Pension Fund Expect to Reach FID on IJmuiden Ver Offshore Wind Farm by Late 2025

SSE and APG (acting on behalf of Dutch pension fund ABP), which last month jointly secured the rights to develop the IJmuiden Ver Alpha offshore wind site in the Netherlands, now confirmed they are moving forward with the 2 GW project whose focus, in line with the tender requirements, is biodiversit

about 2 years ago
Cadeler Huisman A-Class vessels
Business & Finance

Huisman to Outfit Cadeler’s A-Class Newbuild Vessels with Cranes and Tools

Huisman has signed two contracts to provide cranes and installation equipment for Cadeler’s A-Class offshore wind farm installation vessels. The first contract, awarded by COSCO, is for a 3,000+-mt leg-encircling crane and a 40-mt pedestal-mounted crane for Cadeler’s latest A-Class vessel. The ship

about 2 years ago
Windcat Offshore and Damen Shipyards develop future-proof CSOV's
Business & Finance

Damen to Build Another Hydrogen-Powered CSOV for Windcat

Damen Shipyards has secured a contract to build the sixth hydrogen dual-fuel Commissioning Service Operation Vessel (CSOV) for the crew transfer vessel operator Windcat. Damen will build the sixth CSOV at Ha Long Shipyard in Vietnam, where construction of the first five newbuilds is currently underw

about 2 years ago
Service Base Baltic Power Reference Picture
Business & Finance

Baltic Power Awards Marine Coordination Contract for 1.2 GW Offshore Wind Farm

Poland’s SeaRenergy Group has been awarded a Marine Coordination Services contract by Baltic Power, a joint venture between Poland’s Orlen Group and Canada’s Northland Power, for the construction phase of the 1.2 GW offshore wind project. SeaRenergy’s Marine Coordination Service includes ship regist

about 2 years ago
Design case by Shoreline Wind
Business & Finance

TEPCO Picks Shoreline’s Software to Optimise Offshore Wind O&M

Japan’s TEPCO Renewable Power and Denmark’s Shoreline Wind have joined forces to optimise the design and management of offshore wind operations and maintenance (O&M) by utilising intelligent simulation software. TEPCO Renewable Power, a renewable project developer from Japan, said it wants to expand

about 2 years ago
WindSpider
Business & Finance

WindSpider Secures Grant for Self-Erecting Crane System, Prepares to Build Full-Scale Unit

WindSpider, a Norway-based company developing an innovative modular self-erecting crane system for the offshore wind industry, has been awarded a NOK 17.5 million (approximately EUR 1.5 million) grant from Innovation Norway. The funds from Innovation Norway will support the company in advancing its

about 2 years ago
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