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Business & Finance

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Scottish Ports Forge Offshore Wind Alliance
Business & Finance

Scottish Ports Forge Offshore Wind Alliance

Ports from across Scotland have launched the Scottish Offshore Wind Ports Alliance (SOWPA) which aims to optimise the opportunities from offshore wind. The alliance comprises 13 ports, including Kishorn Port, the Port of Nigg, Ardersier Port, Port of Cromarty Firth, Port of Inverness, and Scrabster

about 2 years ago
Maryland Governor Enacts Bill that Enables State to Re-Allocate Ørsted’s Skipjack ORECs to US Wind
Business & Finance

Maryland Governor Enacts Bill that Enables State to Re-Allocate Ørsted’s Skipjack ORECs to US Wind

Maryland Governor Wes Moore signed a new offshore wind bill on 9 May, under which the State will create a schedule for offshore wind solicitations until 2031 and revise previous solicitations. The latter will allow the State to re-allocate the support awarded to Ørsted’s Skipjack project, from whose

about 2 years ago
Cyan Renewables Hyundai Asset Management
Business & Finance

Cyan, Hyundai Asset Team Up to Strengthen Supply Chain of South Korea’s Offshore Wind Sector

Cyan Renewables has signed a Memorandum of Understanding (MoU) with Seoul-headquartered Hyundai Asset Management to facilitate the strategic investment in South Korea’s offshore wind supply chain. Under the MoU, Cyan Renewables and Hyundai Asset Management seek to build vessel capacity and strengthe

about 2 years ago
Cadeler Baltyk II and III
Business & Finance

Cadeler Secures More Wind Farm Work Offshore Poland

Denmark’s Cadeler has secured vessel reservation agreements with both MFW Bałtyk II Sp. z.o.o. and MFW Bałtyk III Sp. z.o.o., special purpose companies owned by Polenergia and Equinor. According to Cadeler, the aggregate potential value of the vessel reservation agreements is expected to be between

about 2 years ago
Rovco and Vaarst to Bring On Board Over 150 Subsea Roles by End of 2025
Business & Finance

Rovco and Vaarst to Bring On Board Over 150 Subsea Roles by End of 2025

UK-based providers of tech-powered offshore wind solutions Rovco and Vaarst are planning to recruit over 150 specialist subsea roles across their offices by the end of 2025. Rovco unveiled its intention to recruit over 100 new roles across its Aberdeen and Edinburgh offices by the end of 2025 to sup

about 2 years ago
A photo of the Moray East offshore wind farm in Scotland
Business & Finance

Ocean Winds Closes Moray East Minority Stake Deal

EDP Renováveis, S.A. has revealed that Ocean Winds, its joint venture with Engie, has completed the sale of a 16.6 per cent stake in the 950 MW Moray East offshore wind farm to funds managed by Equitix Infrastructure Investment Management (Equitix). With this transaction, Moray East implies an estim

about 2 years ago
RWE Port of Karlshamn
Business & Finance

RWE, Swedish Port Join Forces to Explore Baltic Sea Offshore Wind Hub Potential

Global offshore player RWE and the Swedish Port of Karlshamn have signed a Memorandum of Understanding to explore the potential for Baltic Sea offshore wind hubs. The goal of the collaboration is to explore whether the Karlshamn Port could be a suitable harbour for the logistics, installation, opera

about 2 years ago
Chemical Major to Run on Offshore Wind in Belgium
Business & Finance

Japan’s Chubu Completes Ecowende Buy-In

The Japanese company, Chubu Electric Power, has completed the acquisition of 30 per cent of equity shares of Ecowende, a joint venture between Eneco and Shell that is developing a large-scale offshore wind farm at the Hollandse Kust West Site VI in the Netherlands. This follows the agreement Chubu s

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

Ørsted Selects ABL for Greater Changhua 2b & 4 MWS Services

Ørsted has appointed energy and marine consultancy, ABL, to provide marine warranty survey services (MWS) for the offshore transportation and installation (T&I) of wind turbines and cables package for the 920 MW Greater Changhua 2b and 4 offshore wind farms in Taiwan. ABL’s scope of work includes re

about 2 years ago
RWE Hitachi Aibel
Business & Finance

RWE Awards HVDC Contracts to Hitachi and Aibel

German energy company RWE has signed framework agreements with Hitachi Energy and Aibel for the joint supply of three high-voltage direct current (HVDC) systems for the company’s offshore wind farms. The agreements are long-term as the secured HVDC systems are designated for offshore wind projects f

about 2 years ago
Siemens Gamesa Commissions Motion Comfort Monitoring Tool
Business & Finance

Siemens Gamesa Restructuring, Offshore Business Area Goal to Ramp Up Production Capacity

Siemens Gamesa has initiated comprehensive measures for the operational restructuring of the company with the aim of achieving break-even by 2026 and then returning to profitable growth. As part of the long-term strategic development plan, the company will streamline its onshore business and focus o

about 2 years ago
Floating Wind Project in California’s State Waters Lays Foundation for Power Purchase Agreement
Business & Finance

Floating Wind Project in California’s State Waters Lays Foundation for Power Purchase Agreement

CADEMO Corporation, established by Floventis Energy, and California Community Power (CC Power) have entered a Memorandum of Understanding (MOU) to advance the 60 MW CADEMO floating wind project off the California coast. The collaborative engagement under the MOU could ultimately lead to the two part

about 2 years ago
East Anglia ONE
Business & Finance

Macquarie to Sell Stake in 714 MW East Anglia One

Macquarie Asset Management has reached an agreement to divest a 10 per cent stake in the 714 MW East Anglia One offshore wind farm to NTR, on behalf of the L&G NTR Clean Power (Europe) Fund and the Development Bank of Japan. Following this transaction, Macquarie Asset Management will retain a 10 per

about 2 years ago
Metocean Survey Starts Offshore Ireland
Business & Finance

Ireland Charts Course for 37 GW Offshore Wind Development

Irish Minister for the Environment, Climate and Communications, Eamon Ryan, has launched the Future Framework for Offshore Renewable Energy, which provides a roadmap for Ireland to deliver 37 GW of offshore wind by 2050. The framework sets out the pathway Ireland will take to deliver 20 GW of offsho

about 2 years ago
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