Shell has decided to pause its involvement in the Atlantic Shores offshore wind project in the US, which received federal approval in October 2024, the company’s CFO said during a press call after Shell posted its Q4 2024 financial results on 30 January. In its report for the fourth quarter, Shell i
Rasmus Errboe, Ørsted’s current Deputy CEO and Chief Commercial Officer, has been named Group President and CEO and will assume the role held by Mads Nipper for the last four years on 1 February. “The renewable energy market has fundamentally changed since January 2021. The impacts on our business o
The Dutch Ministry of Climate and Green Growth is currently exploring which procedure to choose for the permitting of the Nederwiek II and Nederwiek III offshore wind sites that are planned to be put out to tender in 2026. The Ministry has now opened a market consultation period for wind farm develo
On 30 January, the German Federal Maritime and Hydrographic Agency (BSH) published a new Site Development Plan for offshore wind which paves the way to reaching the country’s targets of having 40 GW of offshore wind capacity in operation by 2035 and 70 GW by 2045. According to the new plan, Germany
Norway-headquartered DeepOcean has been awarded a subsea survey contract for the Bałtyk 2 and Bałtyk 3 offshore wind projects in Poland, which are jointly developed by Equinor and Polenergia. Under the contract, DeepOcean will carry out geophysical seabed surveys of the export and inter-array cable
Navantia UK has acquired the British shipbuilder Harland & Wolff and its operations across four sites: Belfast in Northern Ireland, Appledore in the South West of England, and Methil and Arnish in Scotland. The British subsidiary of the Spanish shipbuilder and offshore wind foundation manufacturer r
Ørsted and PGE Polska Grupa Energetyczna (PGE) have taken the final investment decision (FID) on the 1.5 GW Baltica 2, which is the first stage of the Baltica Offshore Wind Farm in the Polish Baltic Sea. Located approximately 40 kilometres off the Polish coast near Ustka, Baltica 2 has a 25-year inf
Vattenfall has signed a power purchase agreement (PPA) with LyondellBasell (LYB), one of the world’s largest plastic producers, for its Nordlicht 1 offshore wind farm in Germany. Under the PPA, LyondellBasell will buy 450 GWh of electricity generated by Nordlicht 1 each year for 15 years, starting i
The Maryland Public Service Commission (PSC) has awarded US Wind additional offshore wind renewable energy credits (ORECs) for the company’s projects off the Maryland coast, which now total 1.7 GW in generation capacity. The PSC announced on 24 January that it approved US Wind’s rebid application an
The first of three offshore substations for the Coastal Virginia Offshore Wind (CVOW) project has arrived at the Portsmouth Marine Terminal in the US. In 2021, a consortium including Semco Maritime and CS Wind Offshore (formerly Bladt Industries) secured a contract to supply three 880 MW substations
Penta-Ocean Construction has awarded Huisman a contract for the delivery of a 5,000-tonne tub-mounted crane and a monopile handling system for its new heavy lift vessel (HLV), designed by Ulstein. The HLV is tailored for the Japanese offshore wind market and is said to be “the world’s first fully in
ESB and Red Rock Renewables have reached a financial close on the 1,080 MW Inch Cape offshore wind farm in Scotland, and the project will now progress into its offshore construction phase. The Scottish offshore wind project has reached a financial close, securing a GBP 3.5 billion financing package
The Government of Åland is working on establishing an auction process for seabed leasing and concession allocation for offshore wind in the northern maritime areas of Åland. The Åland government recently issued a notice seeking a commercial advisor who would prepare, administer, and manage the aucti
Taean Wind Power, a joint offshore wind project between Copenhagen Infrastructure Partners (CIP) and Vena Energy, has secured a fixed-price offtake contract in South Korea, with commercial operations expected to begin by late 2029. The 500 MW offshore wind project has been awarded an offtake contrac
