US company US Forged Rings has revealed plans for an offshore wind turbine tower fabrication facility that would be operational in 2026 and a steel forging plant that would go into operation the following year. The company, which will invest USD 700 million into the two new facilities on the US East
Seaway7 and Dong Fang Offshore (DFO) have signed a memorandum of understanding (MOU) on collaboration in the Taiwanese offshore wind market that will focus on cable installation. According to Seaway7, the MOU outlines the intention of the two companies “to collaborate in an exclusive manner and furt
Vestas has posted a revenue of EUR 15.4 billion and an increase in profit by 105 per cent for 2023 compared to the previous year, and says the company saw a record order intake of 18.4 GW last year “driven by strong growth in both Offshore and Onshore, especially in the USA.“ The Danish wind [&helli
Denmark-headquartered Ørsted has revealed a substantial revision of its plans, including a reduced 2030 renewable energy target, job cuts, exit from several markets, and “leaner development” within floating offshore wind and Power-to-X. As a result of the business plan approved by Ørsted’s Board of
World’s leading offshore wind developer Ørsted has reported an operating profit (EBITDA) of DKK 18.7 billion (about EUR 2.5 billion) for 2023 and expects this year’s operating profit to be between DKK 23 billion and DKK 26 billion (approximately EUR 3 billion and EUR 3.4 billion). This is according
The shareholders of the Port of Brest in France, including the Brittany Region, Brest Métropole and the Western Brittany Metropolitan Chamber of Commerce and Industry (CCIMBO), have signed an agreement that will see EUR 900 million invested in developments heavily focusing on the energy transition,
The international marine environmental consulting and survey company, CSA Ocean Sciences, has been granted a non-exclusive General Offshore Geophysical Survey permit which allows the firm to conduct low-energy marine surveys within a three-mile zone from the mean high tide line along California’s co
The Government of India has invited bids for the development of offshore wind with a total capacity of 4 GW off the coast of Tamil Nadu. The bids invited are for four blocks of 1 GW each on an open access basis, for the development of offshore wind projects off the coast of Tamil Nadu, […]
Denmark-headquartered Copenhagen Infrastructure Partners (CIP) has signed a memorandum of understanding (MoU) with HSG Sungdong for the floating wind structures for its 1.5 GW Haewoori offshore wind project in South Korea. Under the non-binding MoU, the two companies plan to establish a partnership
Eneco and Chubu Electric Power have signed an agreement that will see the Japanese company acquiring a 30 per cent stake in 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. In the Ecowende joi
Wind turbine manufacturer Siemens Gamesa has completed the sale of its 32 per cent shareholding in Spain’s Windar Renovables to Bridgepoint. The sale was first announced in May of last year. Bridgepoint is a quoted private asset growth investor, specialised in private equity and private debt. The pa
Huisman has signed a contract with Cadeler for the design and production of a monopile gripper. Production of the monopile gripper will take place at Huisman’s production facility in China. The monopile gripper, having a 13-metre diameter, is engineered for the efficient and controlled installation
Netherlands-based FibreMax has launched a comprehensive range of global supply chain solutions tailored to the needs of floating offshore wind technologies. The array of solutions provided by FibreMax, in collaboration with partners Avient Dyneema and Teijin Aramid, is broad, covering ample producti
Google has signed corporate power purchase agreements (CPPAs) with Shell and Eneco for 478 MW of energy capacity at two offshore wind farms the partners jointly own in the Netherlands: Hollandse Kust Noord and Hollandse Kust West VI. Together with the existing power purchase agreements Google previo
