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Business & Finance

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Cadeler Signs Vessel Reservation Agreement Worth Up to EUR 700 Million
Business & Finance

Cadeler Signs Vessel Reservation Agreement Worth Up to EUR 700 Million

Denmark’s Cadeler has inked an installation vessel reservation agreement with an undisclosed client, worth up to EUR 700 million, for upcoming wind farm installation projects. If all options are exercised during the four-year agreement, this would represent the largest deal in Cadeler’s history, the

about 2 years ago
Dutch Offshore Substation Manufacturer Adds Second Production Site
Business & Finance

Dutch Offshore Substation Manufacturer Adds Second Production Site

Dutch company HSM Offshore Energy has entered into a long-term lease agreement with its compatriot Hollandia to use its Stormpolder yard in Krimpen aan den IJssel. The move is part of HSM Offshore Energy’s expansion plans and the growing order book, according to the company, which has several offsho

about 2 years ago
Windar Renovables Polish City
Business & Finance

Windar and Polish City Strengthen Ties for New Offshore Tower Facility

A letter of intent has been signed between the City of Szczecin and Windar Polska, strengthening the company’s cooperation for the construction of its new facility in Poland. “The signing of the letter is another important step for the economic development of Szczecin. We want to be actively involve

about 2 years ago
Cadeler Wind Apex
Business & Finance

Cadeler Orders Third A-Class Jack-Up

Cadeler has placed an order with China’s COSCO Heavy Industries for its third A-class wind farm installation vessel, scheduled to be delivered in the first half of 2027. Cadeler has entered into a binding contract for the manufacture and delivery of its third A-class vessel, Wind Apex. The contract

about 2 years ago
Corio Generation Bord Gáis Energy
Business & Finance

New Offshore Wind Partnership Targets Ireland

Corio Generation and Bord Gáis Energy have joined forces to explore offshore wind opportunities in Ireland. The agreement represents Bord Gáis Energy’s entry into the offshore wind market while Corio Generation is already involved in the sector and is currently developing the 450 MW Sceirde Rocks wi

about 2 years ago
UK-offshore-wind-pioneer-buys-US-marine-environmental-consultancy
Business & Finance

Venterra’s GDG and India’s ABAN Power Form APAC Offshore Wind Partnership

Venterra Group company, Gavin & Doherty Geosolutions (GDG), and India’s ABAN Power have entered into a strategic partnership aimed at accelerating the development and implementation of offshore wind projects, marine and offshore structures, and related initiatives in India and the Asia-Pacific regio

about 2 years ago
Redevelopment of Scottish Port Begins as Owner Secures GBP 400 Million for Offshore Wind Upgrade
Business & Finance

Redevelopment of Scottish Port Begins as Owner Secures GBP 400 Million for Offshore Wind Upgrade

Haventus, the owner of the Ardersier Port in the Moray Firth, Scotland, has taken a final investment decision and kicked off construction work on redeveloping the port to serve both fixed-bottom and floating offshore wind projects. The revamped port is expected to open in the second half of 2025. Th

about 2 years ago
A photo of Avangrid headquarters in Orange, Connecticut, USA
Business & Finance

Iberdrola to Acquire Full Ownership of Avangrid for EUR 2.35 Billion

Iberdrola and Avangrid have signed an agreement under which the Spanish company will acquire the stake which it previously did not own in its US subsidiary for USD 2.55 billion (approximately EUR 2.35 billion). Iberdrola, which owns around 81.6 per cent of Avangrid, launched an offer to acquire the

about 2 years ago
Vestas 15 MW
Business & Finance

Vestas Turbines Chosen for Undisclosed Large-Scale Offshore Wind Project in Northern Europe

Vestas has signed a conditional agreement for the supply of wind turbines for a large-scale offshore wind project in Europe. The company did not disclose the name of the client or the project. In an update on 17 May, the Danish wind turbine manufacturer said that the offshore wind project was locate

about 2 years ago
Hy2gen USA Strikes Offshore Wind-to-Hydrogen Partnership with Ocean Connect Energy
Business & Finance

Hy2gen USA Strikes Offshore Wind-to-Hydrogen Partnership with Ocean Connect Energy

Hy2gen USA, the US subsidiary of global green hydrogen producer Hy2gen, and Ocean Connect Energy (OCE) have signed a Memorandum of Understanding (MoU) to jointly investigate the potential to power renewable hydrogen production from offshore wind. The MoU formalizes a collaboration between the two co

about 2 years ago
Jan De Nul Orders Twin to XL Cable-Layer Fleeming Jenkin
Business & Finance

Jan De Nul Orders Twin to XL Cable-Layer Fleeming Jenkin

Jan De Nul has ordered a new XL cable-laying vessel (CLV), identical to the Fleeming Jenkin ordered at a Chinese shipyard last year. With a cable-carrying capacity of 28,000 tonnes, the vessels are said to be the largest capacity CLVs in the world. Like Fleeming Jenkin, the new vessel will be 215 me

about 2 years ago
Sif Rolls Out First Hollandse Kust Zuid TP-Less Monopiles
Business & Finance

Sif Unveils Plans for Monopile Recycling Factory, Signs ‘Green Steel’ Deal and Decom MOU with Dillinger to Make Monopiles Fully Circular

Dutch manufacturer of offshore wind foundations, Sif, has revealed plans to build a monopile recycling factory as part of a goal to make monopiles fully circular. With the same aim, the company has also signed an addendum to its existing framework agreement with Dillinger to secure access to its low

about 2 years ago
Japanese start building UK's first HVDC cable factory
Business & Finance

Japanese Start Building UK’s First HVDC Cable Factory

Japan-headquartered Sumitomo Electric has kicked off the construction of its subsea cable factory in Scotland, set to supply critical elements for the reinforcement of the UK electricity transmission grid and for connecting renewable energy production facilities to the grid. Sumitomo Electric held t

about 2 years ago
C Ventus Fon Energy Services
Business & Finance

C-Ventus to Become Part of Føn Energy Services

Føn Energy Services has unveiled its plans to acquire Dutch offshore wind farm services company, C-Ventus, as part of a merger expected to bolster its offshore wind operations and maintenance (O&M) capabilities. Føn Energy Services will acquire 100 per cent of the shares in C-Ventus from current own

about 2 years ago
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