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Business & Finance

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Masdar Bapco Energies
Business & Finance

Masdar, Bapco Energies Eye 2 GW of Wind Projects Offshore Bahrain

UAE-based Masdar has signed an agreement with Bahrain’s Bapco Energies to explore the development and investment in wind projects in Bahrain with a potential of 2 GW capacity. Marking a strategic entry into the Bahrain market for the UAE’s clean energy company, the agreement for near-shore and offsh

about 2 years ago
Akrocean Wins French Offshore Wind Data Collection Gig
Business & Finance

Akrocean Wins French Offshore Wind Data Collection Gig

Operating for the Directorate General for Energy and Climate (DGEC), Météo-France has selected Akrocean to collect offshore wind, wave, and current data for potential offshore wind farm sites in France. The framework contract won by Akrocean includes several measurement campaigns that will be conduc

about 2 years ago
Balmoral Hornsea 3
Business & Finance

Ørsted Selects Balmoral to Shield Hornsea 3 Cables

Balmoral Comtec, a Balmoral Group company, has been awarded a multi-billion-pound contract for the supply of cable protection systems for Ørsted’s Hornsea 3 offshore wind farm in the UK. The scope of work includes design engineering which will take place at Balmoral Comtec’s Aberdeen facility, suppl

about 2 years ago
Seaonics Windward Offshore
Business & Finance

Norwegian Company Secures Crane Deal with Windward Offshore

Norway-based Seaonics has been chosen to deliver 3D Electric Controlled Motion Compensated (ECMC) cranes to the German shipowner Windward Offshore. The cranes are set for installation of Windward Offshore’s two commissioning service operation vessels (CSOVs). The 87.5-metre vessels will be delivered

about 2 years ago
OWGP Launches GBP 1 Million Offshore Wind Innovation Grant for UK Companies
Business & Finance

OWGP Launches GBP 1 Million Offshore Wind Innovation Grant for UK Companies

The Offshore Wind Growth Partnership (OWGP) has launched a GBP 1 million Innovation Grant funding competition aimed at boosting the local offshore wind supply chain. Innovation Grants between GBP 25,000 and GBP 200,000 are available for projects that focus on future cables, electrical systems, next-

about 2 years ago
Ocergy Octopus Energy
Business & Finance

Octopus Energy Invests in Floating Offshore Wind Tech Company

Octopus Energy’s generation arm has invested in US-headquartered Ocergy to boost the development of floating offshore wind farms globally. According to Octopus, Ocergy has an innovative approach to designing and manufacturing floating foundations, reducing the time and cost of building them. Ocergy

about 2 years ago
Zhong Neng James Fisher
Business & Finance

James Fisher Secures Zhong Neng Commissioning Contract Offshore Taiwan

James Fisher and Sons plc (James Fisher) has been awarded a contract for the provision of high voltage (HV) specialist personnel and HV safety management services at the 298 MW Zhong Neng offshore wind farm in Taiwan. Under the contract, worth over GBP 1 million (approximately EUR 1.17 million), Jam

about 2 years ago
Chantiers RTE Hitachi
Business & Finance

Hitachi, Chantiers de l’Atlantique to Seal French Offshore Substation Contract

French transmission system operator Réseau de Transport d’Electricité (RTE) and the Hitachi Energy – Chantiers de l’Atlantique consortium will sign a contract for the construction of the first offshore substations and DC converter stations for two offshore wind farms that will be built off Ile d’Olé

about 2 years ago
Significant Offshore Wind Growth Brings Fugro Strong Start of the Year
Business & Finance

Significant Offshore Wind Growth Brings Fugro Strong Start of the Year

In what is described as a “strong start of the year”, Dutch geo-data specialist company, Fugro, reported a 9 per cent revenue growth for the first quarter of 2024 compared to the same period last year, said to be due to ongoing significant growth in offshore wind projects. Revenue in the first quart

about 2 years ago
Subsea7's backlog remains 'robust' with high tendering in subsea and offshore wind
Business & Finance

Subsea7’s Backlog Remains ‘Robust’ with High Tendering in Subsea and Offshore Wind

Subsea7 has reported a “robust” backlog of USD 10.4 billion in its financial results for the first quarter of 2024, with tendering activity high in both the subsea and offshore wind sectors. To remind, in the financial results for the full year of 2023, Subsea7 reported it had secured USD 7.4 billio

about 2 years ago
CBED Siemens Gamesa
Business & Finance

CBED Signs SOV Deal with Siemens Gamesa

Offshore wind service provider CBED has signed a contract with Siemens Gamesa Renewable Energy for their new service operations vessel, Wind Creation, which will join the commissioning of an offshore wind farm in the Netherlands. The project will commence by the end of the second quarter of 2024 and

about 2 years ago
Fugro's Self-Elevating Platform Moves to Japan to Pursue Geotechnical Work
Business & Finance

Fugro’s Self-Elevating Platform Moves to Japan to Pursue Geotechnical Work

Fugro has transferred its self-elevating platform (SEP) Amberjack to Japan in order to easier support the local offshore wind market with geotechnical services. Amberjack was reflagged in December 2023 and is now based in Tokyo, from where it will be deployed to Japanese wind farm projects and provi

about 2 years ago
Denmark Launches Massive Offshore Wind Auction
Business & Finance

Denmark Launches Massive Offshore Wind Auction

Denmark has opened a new offshore wind tender, the country’s largest ever, offering a minimum of 6 GW of new capacity spread over six wind farms, with the overplanting option allowing for 10 GW or more of new capacity to be added. The Danish Energy Agency published the tender for the wind farms loca

about 2 years ago
Ørsted Buys Sunrise Wind Stake from Eversource
Business & Finance

Ørsted Buys Sunrise Wind Stake from Eversource

US utility Eversource Energy has finalized definitive documents regarding its previously announced agreement to sell its 50 per cent ownership stake in the 924 MW Sunrise Wind offshore wind project to Ørsted. Eversource will remain contracted, under a separate construction management agreement, to l

about 2 years ago
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