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Norther offshore wind farm with Vestas wind turbines
Business & Finance

Ten Most Read News on OffshoreWIND.biz in 2023

Updates on wind turbine technology and new offshore wind projects, including those facing major challenges, marked 2023 on offshoreWIND.biz. In the article below, we have compiled our ten most-read news last year, together with some of their related updates and stories. In February 2023, Vestas reve

about 2 years ago
Vestas 15 MW prototype
Business & Finance

Vestas Secures Offshore Wind Turbine Order in South Korea

Vestas has signed a preferred supplier agreement with Hanwha Corporation E&C Division for the 390 MW Shinan Ui offshore wind project in Shinan County, South Jeolla Province, South Korea. The project is developed by Shinan Ui Offshore Wind, a special-purpose company established by Hanwha Corporation

about 2 years ago
A photo of an offshore wind farm
Business & Finance

Northland and Gentari Finalise Hai Long Offshore Wind Deal

Northland Power has closed the transaction with Gentari International Renewables through which Gentari acquired 49 per cent of Northland’s ownership in the Hai Long offshore wind project located in Taiwan. Northland now holds a 30.6 per cent ownership interest in the overall project and will continu

about 2 years ago
First Turbine Vineyard Wind
Business & Finance

Vineyard Wind 1 Created Nearly Double the Union Jobs CIP & Avangrid Committed to in 2021

Vineyard Wind 1, the 806 MW offshore wind farm that Copenhagen Infrastructure Partners (CIP) and Avangrid are building off Massachusetts, has created 937 union jobs during the two years of the project’s construction. With more jobs coming in 2024, Vineyard Wind 1 will have created more than 1,000 un

about 2 years ago
Taihan Buys ‘Korea’s Only Cable-Layer for Offshore Wind’
Business & Finance

Taihan Buys ‘Korea’s Only Cable-Layer for Offshore Wind’

South Korean Taihan Cable & Solution has acquired what is said to be Korea’s only cable-laying vessel (CLV) for the offshore wind market. Taihan, which announced the purchase on December 20, bought the vessel for approximately USD 38.4 million (EUR 34.7 million). The CLV, equipped with self-propulsi

about 2 years ago
Vestas 15 MW Wind Turbines to Spin on 760 MW Dutch Offshore Wind Farm
Business & Finance

Vestas 15 MW Wind Turbines to Spin on 760 MW Dutch Offshore Wind Farm

Ecowende, a joint venture between Shell and Eneco, has placed an order for 52 Vestas V236-15.0 MW wind turbines for the Hollandse Kust West VI offshore wind farm, located about 53 kilometres off the Dutch coast, near IJmuiden. Turbine installation at sea is expected to begin in the second quarter of

about 2 years ago
Cadeler Eneti merger
Business & Finance

Cadeler and Eneti Wrap Up Merger

Cadeler and Eneti have rang the bell at the New York Stock Exchange as one entity, marking the merger of the two companies and creating a leading offshore wind installation firm. Following the business combination of Cadeler and Eneti, the combined group will be named Cadeler and be headquartered in

about 2 years ago
RWE Buys Vattenfall’s Norfolk Trio for EUR 1.1 Billion, Restarts Paused Norfolk Boreas Project
Business & Finance

RWE Buys Vattenfall’s Norfolk Trio for EUR 1.1 Billion, Restarts Paused Norfolk Boreas Project

Shortly after changing the preferred wind turbine supplier, the three projects in the Norfolk Offshore Wind Zone in the UK have now also changed hands as RWE will acquire Vattenfall’s 4.2 GW Norfolk portfolio for GBP 963 million (approximately EUR 1.1 billion). The new owner says it will also resume

about 2 years ago
Seagreen offshore wind farm fully operational
Business & Finance

TotalEnergies Trims Its Share in Scotland’s Largest Offshore Wind Farm for EUR 602 Million

TotalEnergies has decided to sell a 25.5 per cent equity stake in Seagreen, Scotland’s largest offshore wind farm, in a GBP 522 million (about EUR 602 million) deal with Thailand’s national oil and gas company PTTEP. Following this farm down, TotalEnergies retains 25.5 per cent of Seagreen, alongsid

about 2 years ago
Vestas 15 MW
Business & Finance

Vattenfall Switches from Siemens Gamesa to Vestas 15 MW Turbines for Norfolk Offshore Wind Projects

Vattenfall has signed agreements with Vestas for three large-scale offshore wind projects in the Norfolk Zone, UK, where the developer plans to use the new V236-15 MW wind turbines. This marks a switch in the wind turbine model planned for the projects as the developer first named Siemens Gamesa as

about 2 years ago
Ørsted Greenlights 2.9 GW Hornsea 3 Offshore Wind Farm
Business & Finance

Ørsted Greenlights 2.9 GW Hornsea 3 Offshore Wind Farm

Ørsted has taken the final investment decision (FID) on what the company says is the world’s single largest offshore wind farm, the 2.9 GW Hornsea 3, which is expected to be completed around the end of 2027. In July 2022, Ørsted was awarded a contract for difference (CfD) for Hornsea 3 at an inflati

about 2 years ago
H2M Offshore Accommodations Opens Office in Esbjerg
Business & Finance

Rental Equipment Specialist Buys Dutch Offshore Accommodation Company

UK-headquartered Centurion Group, a company that provides critical rentals and services to the oil and gas, infrastructure, power, environmental, and renewable energy industries, has acquired H2M Offshore Accommodations. Based in the Netherlands, with a location in Denmark, H2M is a global supplier

about 2 years ago
A photo of the Borssele 1 & 2 with several wind turbines close up
Business & Finance

AFRY to Support Colombia’s Offshore Wind Commercialisation

Swedish supplier of engineering, design, and advisory services, AFRY, has revealed that it will support the Colombian Government in the identification of offtake mechanism for commercialisation of offshore wind energy in the country. According to AFRY, the company’s support will allow the Colombian

about 2 years ago
A map showing location of Norway's Southern North Sea II offshore wind zone
Business & Finance

Norway Greenlights EUR 2 Billion Offshore Wind Contract for Difference Scheme

Norway has received clearance for up to NOK 23 billion (EUR 2.04 billion) in state aid in the form of a bilateral Contract for Difference (CfD) for the Southern North Sea II (Sørlige Nordsjø II) offshore wind farm project. The CfD will be in place for a period of 15 years. The state aid was [&hellip

about 2 years ago
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