The UK shipbuilder Diverse Marine has introduced the Diverse Marine Client Finance Programme, its own finance and lease programme, through which it secured financing for an initial, but rolling, eight crew transfer vessels (CTVs). Funding for offshore wind CTVs has been challenging, said the company
Socio-economic research on the potential benefits of Arklow Bank Wind Park 2 estimates an economic benefit to the Irish economy of up to EUR 800 million during the project’s lifetime, of which over half a billion euros could directly benefit counties Wicklow and Wexford. The preliminary data is cont
Crew transfer vessel operator Windcat is further expanding its commissioning service operation vessel (CSOV) fleet and has placed an additional order of two CSOVs with Damen Shipyards. The order increases Windcat’s CSOV fleet to a total of five vessels, leaving the option of acquiring a sixth vessel
Offshore Energy Exhibition & Conference 2023 (OEEC 2023) will kick off tomorrow, November 28, in RAI Amsterdam, where the offshore energy and maritime sectors will meet for two days of idea exchange, knowledge sharing, and networking. The 16th edition of OEEC will gather a wide spread of businesse
Octopus Energy’s generation arm has taken a 12.5 per cent stake in the 660 MW Walney Extension offshore wind farm located in England. Octopus Energy bought the stake in Walney Extension from AIP Management, the investment manager for Danish pension fund PKA and PFA. The wind farm features 87 wind tu
UK Export Finance (UKEF) and South Korea’s export credit agency Korea Trade Insurance Corporation (K-Sure) have helped SeAH Wind to secure GBP 367 million in Standard Chartered Bank and HSBC UK financing to build the world’s largest wind monopile manufacturing facility. UKEF and K-Sure have secured
South Korea’s Ministry of Trade, Industry and Energy has revealed that two energy companies, Corio Generation and BP, have submitted investment plans for offshore wind projects in South Korea totalling 1.5 trillion won (about EUR 1.06 billion). The announcement was made on 22 November during South K
Siemens Gamesa is ramping up production capacity at existing factories to meet customer demand and work through the order backlog as the company expects to achieve break even by fiscal year 2026. At its third Capital Market Day in Hamburg, Germany, Siemens Energy presented a strategic outlook to ana
Industry giants, experts, policymakers, innovators and start-ups from the offshore energy sector will meet at the Offshore Energy Exhibition & Conference 2023 (OEEC 2023) in Amsterdam one week from now. The backdrop to two full days of discussions, insights and updates is the exhibition floor that w
A new report from the North Seas Energy Cooperation (NSEC) calls for “immediate action” on developing new port infrastructure and upgrading existing port facilities as the study behind the report found the joint offshore wind target of the nine NSEC countries for 2030 is unlikely to be met otherwise
Octopus Energy’s generation arm has launched a dedicated fund with Japan’s Tokyo Gas to invest GBP 3 billion (approximately EUR 3.5 billion) in offshore wind globally by 2030. The fund, set up with a GBP 190 million (about EUR 217 million) cornerstone investment from Tokyo Gas, will invest in the de
Norwegian Energy Partners (NORWEP) has successfully orchestrated a convergence of international industry corporations, ministers, and 1,000 representatives from Norway’s supply chain at the International Energy Forum 2023 (IEF2023) in Oslo. The IEF conference comprehensively addressed a spectrum of
The Meyer Group, which includes Neptun Werft in Warnemünde, Germany, is joining forces with the Belgian company Smulders to build offshore converter platforms at the Warnemünde site. The two companies will jointly form Neptun Smulders Offshore Renewables and Neptun Smulders Engineering, which will t
Denmark-based Cadeler has entered into an unsecured green term loan facility with The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (HSBC). The purpose of the loan facility is, among others, to fund Cadeler’s construction of the X-class and F-class newbuild vessels and upgrade
