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Business & Finance

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Empire Wind
Business & Finance

DORIS to Support BP’s Offshore Wind Developments

DORIS has been awarded a framework agreement by BP for the provision of engineering services to the company’s offshore wind projects. Across the five-year agreement, DORIS will provide engineering for scopes such as concept development, pre-FEED, FEED, and detailed design. The support provided by DO

about 2 years ago
all monopiles installed South Fork Wind
Business & Finance

New York Offshore Wind Developers Ask for Inflation-Related Price Relief, NYSERDA Argues Some Requests ‘Not Tied to Inflationary Pressures’

This summer, the developers of the Sunrise Wind (Ørsted and Eversource) and Empire Wind 1 & 2 and Beacon Wind projects (Equinor and BP) filed petitions with the New York State Public Service Commission (PSC), seeking price adjustments to their contracts with the New York State Energy Research and De

about 2 years ago
Virginia's two Offshore Wind turbines installed
Business & Finance

US Government to Fund Research to Improve Offshore Wind and Marine Energy Deployments

The US Department of Energy (DOE) and the Department of the Interior (DOI) have unveiled plans to collaborate and jointly fund research to further support durable and environmentally responsible offshore wind and marine energy deployments in the United States. The agencies will launch the upcoming f

about 2 years ago
Fred. Olsen Windcarrier, Shimizu to Take Over Yunlin Foundation Installation in 2024
Business & Finance

Fred. Olsen Windcarrier, Shimizu to Take Over Yunlin Foundation Installation in 2024

Fred. Olsen Windcarrier (FOWIC), in cooperation with Shimizu, has been awarded a contract for the transportation and installation of monopile foundations for the 640 MW Yunlin offshore wind farm, with the work under the contract set to start in February 2024. For the foundation installation, the two

about 2 years ago
A map showing Dieppe Le Treport offshore wind farm location
Business & Finance

DEME Offshore Contracts Hellenic Cables for Dieppe Le Tréport Inter-Array Links

Hellenic Cables has signed a contract with DEME Offshore for the supply of inter-array cables for the Dieppe Le Tréport offshore wind farm in France, being developed by the Eoliennes en mer Dieppe Le Tréport (EMDT) consortium off the French coast in the English Channel. Under the contract, the Greec

about 2 years ago
Seven Developers File Applications for Two Wind Areas Offshore Estonia
Business & Finance

Seven Developers File Applications for Two Wind Areas Offshore Estonia

Seven companies have submitted applications for the development of offshore wind projects in two areas in the Estonian sector of the Baltic Sea, for which the application deadline closed on 28 August. The auction for the two areas, named Liivi 1 and Liivi 2, is expected to take place in November or

about 2 years ago
RWE and Valorem to Jointly Bid in French Offshore Wind Tender
Business & Finance

RWE and Valorem to Jointly Bid in French Offshore Wind Tender

RWE and Valorem have signed a partnership agreement to jointly respond to the call for tenders for the offshore wind project off the island of Oléron (AO7), France. As part of this call for tenders, a landed offshore wind farm with an installed capacity of about 1,000 MW will be deployed about forty

about 2 years ago
Yunlin Offshore Wind Farm Secures Extended Financing, Amended Installation Schedule on Track
Business & Finance

Yunlin Offshore Wind Farm Secures Extended Financing, Amended Installation Schedule on Track

Skyborn Renewables and its partners in the Yunneng Wind Power consortium that owns the Yunlin offshore wind project in Taiwan have signed an extended financing agreement to complete the construction of the 640 MW offshore wind farm. The project is now on track for completion according to an amended

about 2 years ago
A photo of Ørsted's 900 MW Greater Changhua 1 and 2a offshore wind farms in Taiwan, with an SOV vessel and the offshore substation in foreground
Business & Finance

Ørsted Secures Sustainability-Linked Loan in Taiwan

Ørsted has signed a NTD 25 billion (EUR 721 million) sustainability-linked revolving loan facility agreement for the developer’s offshore wind farms in Taiwan with a consortium of financial institutions, including nine state-owned banks. Ørsted and the financial institutions have aligned to include

about 2 years ago
DNV to Support Taiwanese Company’s Diversification into Offshore Wind
Business & Finance

DNV to Support Taiwanese Company’s Diversification into Offshore Wind

DNV has signed a contract with Intercontinental Wind Energy (IWE) to support the Taiwanese company’s diversification into offshore wind turbine jacket fabrication. According to a press release from DNV, the company’s work scope will assist IWE towards Tier-1 supplier status for offshore wind in Taiw

about 2 years ago
South Fork Wind offshore substation
Business & Finance

Ørsted Anticipates Impairments of up to EUR 2.15 Billion on US Portfolio

The world’s leading offshore wind developer, Ørsted, could book impairments of DKK 16 billion (EUR 2.15 billion) on its US portfolio due to adverse impacts relating to the supply chain, lack of favorable progress in Investment Tax Credit (ITC) guidance, and increased interest rates. The Ocean Wind 1

about 2 years ago
Sarens PSG, Aventus Energy Establish Integrated Port Marshalling Service Joint Venture
Business & Finance

Sarens PSG, Aventus Energy Establish Integrated Port Marshalling Service Joint Venture

Sarens PSG and Aventus Energy have entered into an agreement under which the two companies will provide integrated port marshalling services to the offshore wind sector through a joint venture. The two companies are already working together on the Moray West offshore wind project, for which Sarens P

about 2 years ago
Maersk Supply Service Narrows Down Focus to Offshore Wind and OSVs
Business & Finance

Maersk Supply Service Narrows Down Focus to Offshore Wind and OSVs

Maersk Supply Service will shift its focus to fewer business areas and regions in an effort to increase its presence in core markets, increase synergies in its operations, and improve profitability. Going forward, the company’s two core business areas will be offshore wind and offshore support vesse

about 2 years ago
Vestas 15 MW prototype
Business & Finance

Scale Up Smarter, Not Harder – Why Offshore Wind Ambitions Can Be Met More Efficiently if Turbine Growth Is Paused

The following article is a guest post by Fred van Beers, CEO Sif Netherlands B.V., & Anne Vedel, SVP Product Solutions & Integration, Vestas. The looming climate crisis and an acute need for independence from Russian oil and gas have massively accelerated European appetite for offshore wind. Governm

about 2 years ago
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