Ocean Winds has extended its long-term operations and maintenance (O&M) contract with Principle Power for the 25 MW WindFloat Atlantic Project, the world’s first semi-submersible floating wind farm, located offshore Portugal.Since the project’s first WindFloat unit was installed in 2019…
At a recent seminar in London organized by the International Underwriting Association of London (IUA) and the Association of Average Adjusters (AAA), participants heard how ignoring or not fully understanding the concept of General Average (GA)…
Soaring costs, project delays and limited investment put targets out of reachAfter a year of canceled projects, broken turbines, and abandoned lease sales, the global offshore wind industry no longer has much chance to hit the lofty targets set by governments in the U…
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