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Business & Finance

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Formosa 2 wind turbine
Business & Finance

Taiwan to Offer 3 GW of Offshore Wind in March 2024 Auction, Maximum Available Project Capacity 900 MW

Taiwan’s Ministry of Economic Affairs will launch the second auction of the Round 3 Zonal Development Phase on 11 March 2024 and offer around 3 GW of installed capacity. On 23 November, the Ministry published key details for the upcoming offshore wind auction, which show the maximum capacity that co

about 2 years ago
Liz Burdock, CEO of Oceantic Network at Offshore Energy Exhibition & Conference 2023 (OEEC 2023
Business & Finance

Oceantic Network CEO: ‘There Comes a Time When We Have to Say Enough Is Enough’

As new offshore wind markets keep emerging and targets in established markets keep increasing, questions on how much capacity can actually be installed, especially until 2030 which is just around the corner, have come to the sector’s foreground. The most vocal on the (un)likeliness of the national a

about 2 years ago
Out with Financial Bid Criteria, in with Unrestrained Innovation in Offshore Wind
Business & Finance

Out with Financial Bid Criteria, in with Unrestrained Innovation in Offshore Wind

A healthy market framework is necessary for offshore wind projects to be sustainable and future-proof, and changes to the tendering framework can help ensure that, Ireen Geerbex, Director Market Development the Netherlands at Vattenfall, said during this year’s Offshore Energy Exhibition and Confere

about 2 years ago
Triton Knoll offshore wind farm
Business & Finance

James Fisher Wins Triton Knoll O&M Contract

UK-headquartered James Fisher and Sons (James Fisher) has secured a multi-million-pound contract at the Triton Knoll offshore transmission (OFTO) project in Lincolnshire, with the offshore platform located 20 miles off the coast in the North Sea. Under the contract, James Fisher will provide complet

about 2 years ago
Bluestream OEG
Business & Finance

UK’s OEG to Buy Bluestream Offshore

OEG Energy Group (OEG) has signed a Sale and Purchase Agreement (SPA) to acquire Dutch subsea and topside services specialist Bluestream Offshore. The acquisition is expected to increase OEG’s subsea and topside capabilities while expanding its operating footprint to be able to pursue further opport

about 2 years ago
EIB Pledges EUR 5 Billion in Bank Guarantees for EU Wind Energy Manufacturers
Business & Finance

EIB Pledges EUR 5 Billion in Bank Guarantees for EU Wind Energy Manufacturers

The European Investment Bank’s (EIB) board of directors has approved a EUR 5 billion package of counter-guarantees to help improve access to finance for wind energy equipment manufacturers. The counter-guarantee scheme, which is part of the European Wind Power Package, was announced on 13 December.

about 2 years ago
Floating Solar Not Yet Up to Par to Be Brought into Offshore Wind Tenders, Says BP’s Benelux Head of Offshore Wind
Business & Finance

Floating Solar Not Yet Up to Par to Be Brought into Offshore Wind Tenders, Says BP’s Benelux Head of Offshore Wind

System integration is what is needed for the next leap in offshore wind, however, not all technologies that can integrate with offshore wind farms have the same starting point. Floating solar still has some way to go in becoming more resilient to harsh offshore conditions. On the other hand, hydroge

about 2 years ago
SeAH to Deliver Monopiles for Vattenfall’s 2.8 GW Norfolk Vanguard Offshore Wind Project
Business & Finance

SeAH to Deliver Monopiles for Vattenfall’s 2.8 GW Norfolk Vanguard Offshore Wind Project

Vattenfall has signed a contract with SeAH Wind to provide the monopiles for the 2.8 GW Norfolk Vanguard East and Norfolk Vanguard West offshore wind farms in the UK. The monopiles for the Norfolk Vanguard offshore wind farms will weigh up to around 2,200 tonnes and have a length of up to 96 metres.

about 2 years ago
CIP, Ignitis Secure 1.4 GW Offshore Wind Site in Estonia with EUR 1.7 Million Bid
Business & Finance

CIP, Ignitis Secure 1.4 GW Offshore Wind Site in Estonia with EUR 1.7 Million Bid

Ignitis Renewables, a subsidiary of the Lithuanian Ignitis Group, and Copenhagen Infrastructure Partners (CIP) have secured the first of the two sites the Estonian government is auctioning off for offshore wind development by placing a EUR 1.7 million bid. The tender for the Liivi 2 area took place

about 2 years ago
More Work for Wood Thilsted at Ocean Winds’ Polish Offshore Wind Project
Business & Finance

More Work for Wood Thilsted at Ocean Winds’ Polish Offshore Wind Project

Wood Thilsted (WT) has been appointed by Ocean Winds to complete the preliminary foundation designs for the BC-Wind offshore wind farm in Poland as FEED and detailed design wind turbine foundation designer. Wood Thilsted has previously led the foundations concept design, evolving the project’s under

about 2 years ago
Havfram Wind Seals Nordseecluster Transportation and Installation Deal
Business & Finance

Havfram Wind Seals Nordseecluster Transportation and Installation Deal

Norway’s Havfram Wind has signed a contract with RWE for the transportation and installation of wind turbines for the Nordseecluster development, an up to 1.6 GW offshore wind cluster comprising four offshore wind farm sites in the German sector of the North Sea. Under the contract, Havfram Wind wil

about 2 years ago
BW Ideol
Business & Finance

BW Ideol, ABP to Explore Serial Production of Floating Wind Foundations at Port Talbot

BW Ideol and Associated British Ports (ABP) have signed a memorandum of understanding (MOU) that will see the manufacturer of concrete floating wind foundations and ABP investigating the feasibility of serial production at Port Talbot. The MOU has been signed in preparation for the Celtic Sea leasin

about 2 years ago
VARD to Deliver Hybrid Cable Lay and Construction Vessel for Japan's OW market
Business & Finance

VARD to Deliver Hybrid Cable Lay and Construction Vessel for Japan’s OW Market

Norway’s VARD has secured a contract worth over USD 200 million to deliver a highly customized hybrid power cable lay and construction vessel to what it says is a leading Japanese construction company. The contract was signed with Toyo Construction, a Japanese general construction company that opera

about 2 years ago
Provence Grand Large EDF Renouvelables
Business & Finance

France Earmarks EUR 4.12 Billion for 2024 Floating Wind Tender

The European Commission has given France the green light to support the construction and operation of two floating offshore wind farms in the Gulf of Lion with EUR 4.12 billion, which will be awarded through a tender the French government is expected to launch next year. Developers of the two floati

about 2 years ago
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