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Outlook & Strategy

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Construction of 'Asia's Largest HVDC Cable Facility' Wraps Up
Outlook & Strategy

Construction of ‘Asia’s Largest HVDC Cable Facility’ Wraps Up

South Korean subsea cable manufacturer LS Cable & System has completed the construction of what it says is the largest high-voltage direct current (HVDC) cable production facility in Asia. LS Cable & System announced on 16 July that it had completed the construction of its fifth submarine cable plan

about 1 year ago
$360M Investment to Be Made for First Phase of South Korean Subsea Cable Manufacturing Plant
Outlook & Strategy

USD 360 Million Investment to Be Made for First Phase of South Korean Subsea Cable Manufacturing Plant

South Korean Taihan Cable & Solution is investing USD 360 million for the first phase of construction of its second submarine cable manufacturing facility, which will, once operational, deliver a production capacity nearly five times greater than the company’s first submarine cable plant. Taihan ope

about 1 year ago
Fugro to Survey Irish Seabed for Future Offshore Wind Farms
Outlook & Strategy

Fugro to Survey Irish Seabed for Future Offshore Wind Farms

Fugro has secured a seven-year framework agreement with Irish transmission system operator (TSO) EirGrid to perform surveys for a project that will develop offshore electricity substations and export cable routes to connect Ireland’s future offshore wind farms on the south coast to the national grid

about 1 year ago
Sumitomo UK
Outlook & Strategy

UK Gov’t and Sumitomo Sign GBP 7.5 Billion Clean Energy Investment Deal

The UK government and Japan’s Sumitomo Corporation have signed a memorandum of understanding, under which the company plans to invest GBP 7.5 billion (approximately EUR 8.7 billion) into infrastructure and renewable energy projects across the UK by 2035. The investment will be focused on key offshor

about 1 year ago
Oceans of Energy floating solar farm ready for tow out
Outlook & Strategy

Offshore Solar Farm Ready for Tow Out to Hollandse Kust Noord Wind Project

What is described as the “world’s first” offshore solar farm integrated within a wind farm has completed assembly at the Port of Amsterdam and is ready for deployment at the Hollandse Kust Noord (HKN) offshore wind farm in the North Sea. Dutch company Oceans of Energy assembled the floating solar fa

about 1 year ago
offshore wind Wales action plan
Outlook & Strategy

Welsh Gov’t Launches Action Plan to Tap Into 15 GW Offshore Wind Potential

The Welsh government has launched a comprehensive action plan which aims to maximise the country’s offshore wind potential and secure long-term economic benefits. The action plan, prepared by a task and finish group established earlier this year, outlines that Wales’ pipeline exceeds 15 GW of offsho

about 1 year ago
A photo of the rotor part of a Siemens Gamesa offshore wind turbine
Outlook & Strategy

Siemens Gamesa and Japan Form Offshore Wind Alliance

Japan’s Ministry of Economy, Trade and Industry (METI) and Siemens Gamesa have established a cooperative framework to facilitate dialogue and collaboration on developing offshore wind turbine supply chains, both within Japan and in international markets. The aim of this cooperation framework is the

about 1 year ago
Pacifico Energy Korea
Outlook & Strategy

Pacifico Energy Korea Partners with Local Governments on 3.2 GW Offshore Wind Project

Pacifico Energy Korea has signed an agreement with three local governments to explore practical cooperation measures for administrative support of its 3.2 GW offshore wind cluster project currently under development in Jundo-gun, Jeollanam-do, and to help establish an offshore wind industry ecosyste

about 1 year ago
Equinor's Hywind Scotland floating wind farm
Outlook & Strategy

Scottish Gov’t Mulls Increasing Offshore Wind Target to 40 GW by 2040

The Scottish government is seeking views on proposals which would see the country’s offshore wind ambition increased to up to 40 GW of new capacity by 2040. The consultation will run until 13 August. The estimate that 40 GW equates to enough renewable energy to power 45 million homes assumes offshor

about 1 year ago
Astenn Avel consortium
Outlook & Strategy

Valorem Joins Consortium to Compete in France’s AO9 Floating Wind Tender

Valorem has joined the Astenn Avel consortium, formed by Elicio and Q Energy, to participate in the AO9 tender for a floating offshore wind farm in France. With over 30 years of experience in renewable energy, Valorem strengthens the consortium’s solidity and complementarity, particularly in the are

about 1 year ago
Azerbaijan China Energy Engineering Corporation
Outlook & Strategy

Chinese Firm Eyes Building 200 MW Offshore Wind Project in Azerbaijan

Azerbaijan’s Ministry of Energy and China Energy Engineering Corporation (CEEC) have signed an agreement to expand cooperation in the development of renewable energy and energy systems in Azerbaijan and to implement specific projects in the country. Under the agreement, CEEC will explore the develop

about 1 year ago
VARD Picks Brunvoll Thrusters for Taiwan-Bound Subsea Construction Vessel
Outlook & Strategy

VARD Picks Brunvoll Thrusters for Taiwan-Bound Subsea Construction Vessel

Norway’s VARD has selected Brunvoll’s extensive propulsion and manoeuvring system for a new offshore subsea construction vessel (OSCV) it is building for Taiwan-based Dong Fang Offshore (DFO). The 121.3-metre-long vessel of VARD 3 39 design is said to be a highly versatile platform designed and equi

about 1 year ago
Singapore Malaysia Vietnam
Outlook & Strategy

Malaysia, Singapore Eye Importing Offshore Wind Power from Vietnam

Energy companies from Singapore, Malaysia, and Vietnam have signed a joint development agreement to explore cross-border renewable energy links, focusing on exporting offshore wind power from Vietnam. Through this agreement, Malaysia, as represented by MY Energy Consortium, a consortium established

about 1 year ago
Moray West Ocean Winds Cadeler
Outlook & Strategy

Offshore Wind Grows by 11 GW in 2024 with 31 Projects Commissioned – WFO Report

According to a new report published by the World Forum Offshore Wind (WFO), 31 new offshore wind farms with a total capacity of 11 GW were put into operation in 2024, increasing the global offshore wind capacity to a total of 78.5 GW. China continues to lead the sector, according to the report, with

about 1 year ago
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