Moray East Offshore Wind Farm, a joint venture between Ocean Winds, Diamond Green Limited, and China Three Gorges, has concluded the transfer of its transmission assets to Transmission Capital Partners (TCP), a consortium comprising Transmission Investment, Amber Infrastructure, and INPP. The transm
Stonepeak, an alternative investment firm specialising in infrastructure and real assets, has reached an agreement with Dominion Energy to acquire a 50 per cent interest in its 2.6 GW Coastal Virginia Offshore Wind (CVOW) project in the US through the formation of an offshore wind partnership. “Havi
Ørsted has signed a Memorandum of Understanding (MoU) with Incheon Metropolitan City, South Korea, to cooperate on developing a regional offshore wind sector. The aim of the agreement is to establish a local wind power industry driven by Ørsted’s 1.6 GW offshore wind project off the coast of Incheon
Swedish floating wind developer Hexicon and Shell have signed an agreement under which Hexicon will acquire Shell’s 80 per cent stake in the MunmuBaram floating wind project. Once the transaction is closed, Hexicon, which currently holds the remaining 20 per cent stake, will fully own the South Kore
Eolus and Simply Blue Group have agreed to transfer the full ownership of the joint venture SeaSapphire to Eolus. The joint venture SeaSapphire, owned 50/50 by Eolus and Simply Blue Group, was established in 2022 to jointly develop offshore wind projects in the Nordics, based on floating technology.
The Strategic Investment Model (SIM) Working Group of the Scottish Offshore Wind Energy Council (SOWEC) has selected three projects to move into Stage 2 of its programme. The Port of Cromarty Firth Expansion and the Port of Nigg Deepwater Quay Expansion projects will move into Stage 2 of the SIM pro
The Norwegian company Integrated Wind Solutions (IWS) has, through its subsidiary IWS Fleet AS, entered into a time charter contract for a commissioning service operations vessel (CSOV) at market terms with the Dutch transmission system operator (TSO) TenneT. The charter contract has a minimum durat
Maine Governor Janet Mills has revealed that the state has selected a section of state-owned Sears Island reserved for port development as its preferred site for a port facility to support the floating offshore wind industry. Based on technical and engineering analyses, and input from port and offsh
Subsea power cable manufacturer NKT has reported a record-high order backlog for high-voltage cables for 2023, with 45 per cent of orders coming from offshore wind. At the end of last year, NKT’s order backlog was at EUR 10.8 billion, more than double the company saw at the end of 2022. In its full-
BayWa r.e. AG has a development portfolio of over 9 GW in floating wind power projects in Italy, underlining its ambition to become an established player in the offshore wind industry, said the company. Integrated into a global offshore wind team, a dedicated offshore project development team has be
RWE has signed six new Power Purchase Agreements (PPAs) with major German industrial customers for the supply of around 1,000 GW/h of green energy per year from its Kaskasi offshore wind farm, starting from 2026. PPAs have been signed between RWE Supply & Trading and DHL Group, Ensinger, Evonik, Inf
A consortium led by Seatrium and GE Vernova will be constructing its third offshore wind project in the Netherlands for Dutch transmission system operator (TSO) TenneT, with the construction work commencing on 1 June 2024. In March 2023, Seatrium was awarded a five-year framework cooperation agreeme
Netherlands-headquartered Sif Group has signed the final contracts with Polenergia and Equinor for the supply of 100 monopiles for the Bałtyk II and Bałtyk III offshore wind farms in the Polish Baltic Sea. Manufacturing of the monopiles is scheduled for the second quarter of 2025 with completion in
OEG Energy Group (OEG) has completed the acquisition of Netherlands-based Marine Coordination Services (MCS), a specialist provider of marine coordination and offshore project services. MCS will join the OEG Renewables (“OEGR”) division, further expanding OEG’s marine coordination capabilities and o
