RWE and Hyundai Engineering & Construction (Hyundai E&C), a subsidiary of South Korea’s Hyundai Motor Group, have signed a memorandum of understanding (MoU) to cooperate in the field of offshore wind and green hydrogen. The partners said they will work together to jointly develop offshore wind proje
Ørsted’s Chief Financial Officer (CFO) and Chief Operating Officer (COO) are leaving the company, and with immediate effect, as a result of “a challenging and volatile business environment” in the industry, according to the offshore wind major. Ørsted is already head-hunting for the new CFO and COO.
Denmark’s Ørsted has decided to pull out of a Norwegian offshore wind partnership with Fred. Olsen Seawind and Hafslund. “Ørsted have informed us that due to a prioritisation of investments in the portfolio they will withdraw from pursuing participation in offshore wind developments in Norway, and t
Octopus Energy’s generation arm has made its first offshore wind investment in Germany with the acquisition of a 5 per cent stake in the 288 MW Butendiek offshore wind farm from Ewz, the Zurich Municipal Electric Utility. Located 32 kilometres west of Sylt Island in the North Sea, the Butendiek offs
Siemens Gamesa has discontinued its plans to build and operate an offshore wind turbine blade manufacturing plant in Virginia, US. The company’s USD 200 million (about EUR 187 million) manufacturing plant was planned to be built at the Port of Virginia’s Portsmouth Marine Terminal. It was intended t
Vestas has been confirmed as the preferred wind turbine supplier for BadaEnergy’s Ulsan Gray Whale 3 floating offshore wind farm in South Korea. The announcement was made in March this year, but at that time, the company left the project and its client unnamed. As per the agreement, Vestas will prov
UK Export Finance (UKEF), the UK Government’s export credit agency, has guaranteed GBP 380 million (approximately EUR 436 million) in financing for the 1 GW Hai Long offshore wind project in Taiwan. The contribution is said to support a project finance package of over GBP 3 billion issued by more th
Baltimore County Offshore Wind Manufacturing Hub will receive approximately USD 47 million from the Port Infrastructure Program of the US Department of Transportation Maritime Administration to further develop its hub at Tradepoint Atlantic. The announcement was made on 7 November by the US Congress
The first US-built and Jones Act-compliant offshore wind turbine installation vessel (WTIV), Charybdis, will be completed in late 2024 or early 2025, Dominion Energy said in its financial report for the third quarter of 2023, confirming the information that surfaced after the company’s second quarte
Van Oord has been awarded contracts for Baltic Power offshore wind farm in Poland and Greater Changhua 2b and 4 offshore wind farm in Taiwan valued at more than EUR 500 million. For the Baltic Power offshore wind project in the Polish Baltic Sea, Van Oord will transport and install 78 foundations, i
Dominion Energy has submitted a filing with Virginia’s State Corporation Commission (SCC) with an updated levelised cost of energy (LCOE) calculation for the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project. The updated LCOE is USD 77/MWh (approximately EUR 72.20/MWh), decreasing from the previo
EEW Korea Heavy Pipe Construction (EEW KHPC) has signed a preferred supply agreement (PSA) with Anma Offshore Wind for the fabrication and supply of pin piles for the 532 MW offshore wind farm in South Korea. In this project, EEW KHPC plans to manufacture and supply 60 pin piles, a substructure that
Buss Energy Group (Buss) has been awarded a contract by Heerema Marine Contractors to provide marshalling services for the 960 MW He Dreiht wind farm offshore Germany. The contract is scheduled to start by the end of 2023 and will be operated by Buss Terminal Eemshaven (BTE) located in the Netherlan
Norway-based Havfram has decided to wind up its business unit dedicated to the early-phase development of offshore wind farms, Kontiki Winds. Moving forward, the company said it would fully focus on the offshore wind transport and installations market. The news came a day after Havfram revealed that
