Danish wind turbine manufacturer Vestas has unveiled its plans to establish a single organisation that will encompass technology, manufacturing, and global procurement to accelerate ramp-up and industrialisation. The company is merging its technology organisation (CTO) and manufacturing and global p
Cyan Renewables, a portfolio company of Seraya Partners, has signed a Memorandum of Understanding (MoU) with DRS KWP to support the offshore wind industry in South Korea. South Korea’s DRS KWP, a subsidiary established by the Dae-Ryuk Shipping (DRS) Group, is currently serving as a provider of crew
Danish renewable energy developer Ørsted will pay New Jersey USD 125 million (approximately EUR 115 million) to settle claims over the company’s cancellation of two offshore wind farm projects, Ocean Wind 1 and Ocean Wind 2, last year. The state’s Board of Public Utilities (BPU) said the USD 125 mil
Beatrice Offshore Windfarm Limited (BOWL), the operator of an 85-turbine wind farm off northeast Scotland, has agreed to make a payment of GBP 33.14 million (approximately EUR 39 million) after admitting it breached energy market rules. BOWL, the operator of the 588 MW Beatrice offshore wind farm, a
The Offshore Renewable Energy (ORE) Catapult and the Net Zero Technology Centre (NZTC) have launched the INTOG Innovation Network, focusing on maximising the impact of commercial, pilot scale, innovative, floating wind projects through the Innovation and Targeted Oil and Gas (INTOG) leasing process.
RWE has awarded a contract to Van Oord for the transportation and installation of the monopile foundations for the Nordseecluster offshore wind project in Germany. Van Oord’s scope of work includes the installation of 104 extended monopiles as well as the installation of scour protection. In 2025, t
Norway-headquartered Deep Wind Offshore has applied to develop and operate a 1.5 GW floating offshore wind farm in Sweden. The Swedish government has received the first application for a floating offshore wind farm outside Stockholm. The Erik Segersäll floating offshore wind farm is planned around 7
Integrated Wind Solutions (IWS) has entered into a strategic partnership agreement with Sumitomo Corporation for the Japanese company to take a 25.38 per cent stake in IWS’s subsidiary IWS Fleet. IWS Fleet will raise EUR 60 million in equity by issuing new shares to Sumitomo Corporation based on a p
RWE has made the investment decision for its Nordseecluster, involving offshore wind projects with a total capacity of 1.6 GW to be built in the German North Sea. The Nordseecluster is being implemented in two phases, Nordseecluster A and Nordseecluster B, each comprising two offshore wind farms. No
Pacifico Energy Korea (PEK) has signed a Memorandum of Understanding with HSG Sungdong Shipbuilding to develop and supply foundations for the 3.2 GW Jindo offshore wind farm cluster off the coast of Jindo County, South Jeolla Province. According to PEK, this is the first partnership between Korean a
North Star has secured a contract with Siemens Gamesa to build a hybrid service operations vessel (SOV) bound for long-term charter at the 1.4 GW East Anglia THREE offshore wind farm, located off the Suffolk coast, England. The construction project for the SOV of VARD 4 19 design has been awarded by
The Crown Estate has initiated a Supply Chain Accelerator to stimulate early-stage investment in the UK offshore wind supply chain. The accelerator is a new GBP 50 million (approximately EUR 58.7 million) fund created to accelerate and de-risk the early-stage development of projects linked to offsho
Cyan Renewables, a portfolio company of Seraya Partners, and Ocean Infinity have teamed up to provide geophysical and geotechnical services for offshore wind projects in the Asia-Pacific region. The companies have formalized their partnership through the signing of a Memorandum of Understanding (MoU
Atlantic Shores Offshore Wind (Atlantic Shores), a joint venture between Shell New Energies US and EDF-RE Offshore Development, has selected Creamer-Jingoli to engineer and design the full onshore underground cable route for Atlantic Shores Project 1, located in New Jersey. The early works contract
