Shares in Orsted plunged to a record low on Monday as the wind farm developer asked shareholders for $9.4 billion to help fund a U.S. project, after potential partners were put off by U.S. President Donald Trump's hostility to wind power.The 60 billion crowns ($9.4 billion) rights issue is worth around half of the Danish company's market value as of Friday's close.Struggling in recent years with soaring inflation and logistical problems that sent costs soaring…
Chartwell Marine, a pioneer of next-generation vessel design, announced the delivery of Prosperous 6, a new high-performance crew transfer vessel, as part of a strategic partnership with Pacific Radiance, a leading owner and operator of offshore vessels in APAC…
The German government has adopted a new bill amending its Carbon Dioxide Storage Act to lay the legal groundwork for the use of carbon capture and storage (CCS), carbon capture and utilization (CCU) and cross-border transport of CO2.The draft law enables the transport…
Ørsted’s Board of Directors has approved the interim report for the first half of 2025, with Rasmus Errboe, Group President and CEO, saying he is satisfied with the company’s strong operational performance which saw earnings of DKK 13.9 billion ($2…
Asia-Pacific region offshore wind developer Synera Renewable Energy (SRE) has awarded a 15-year service contract to Dong Fang Offshore (DFO) for the provision of a service operations vessel (SOV) to support the operations and maintenance (O&M) of SRE’s offshore wind assets…
Offshore wind developers Flotation Energy and Cobra have received full onshore and offshore planning approval for their 100 MW White Cross floating wind project in the Celtic Sea.The proposed offshore wind farm, located 52km off the Devon coast…
Iberdrola has received the last monopiles manufactured by Navantia – Windar alliance for its 315 MW Windanker offshore wind farm, being built in Baltic Sea.The components, manufactured by Navantia Seanergies and Windar Renovables, represent…
Fugro has secured a contract from Shinfox Energy for geotechnical services to support the development of its 700 MW Youde offshore wind farm off the west coast of Taiwan.Fugro will use its Taiwan-flagged vessel, Pacific Hornbill, an IOVTEC-managed DP2 vessel…
Germany's economy ministry published plans on Tuesday to diversify the sourcing of crucial components used mainly in offshore wind turbines by 2035 to reduce dependency on China.The move is part of the government's broader 'de-risking' strategy amid geopolitical tensions with China…
Lighting specialist Glamox has secured contracts to light the wind turbine foundation transition pieces for the Fengmiao wind farm, to be located near Taichung, offshore Taiwan.Glamox will provide approximately 920 marine-certified LED luminaires…
Danish engineering group Ramboll has appointed Tommy Flindt as the new Global Director for Offshore Substations within the Wind Division.Effective from August 1, 2025, Tommy Flindt will be responsible for leading Ramboll’s global offshore substations business…
Norwegian shipbuilder Vard has secured an order from U.K.’s largest shipowner and operator North Star for the construction of two hybrid Service Operation Vessels (SOVs).The contract represents the ninth and tenth vessel ordered by North Star from VARD…
Germany’s largest utility RWE and U.K.’s largest shipowner-operator North Start have signed long-term agreements for next-generation service operation vessels (SOVs) to maintain RWE’s growing offshore wind fleet.The companies have agreed that RWE will charter two SOVs…
The US Bureau of Ocean Energy Management (BOEM) has announced a direct final rule rescinding a section of its regulations that outlined the renewable energy lease sale schedule.Under the rescinded regulation, BOEM required the Secretary of the…
Taihan has secured a turnkey contract to supply and install over 100 kilometers of inter-array subsea cables for Korea’s largest offshore wind development, the Anma offshore wind power project.The contract, valued at approximately $129.3 million (KRW 181…