Danish offshore wind developer Orsted has priced its $9.42 billion rights issue at 66.6 crowns ($10.46) per share, a 66.7% discount to the stock's closing price on Friday, as it shores up its finances in the face of mounting challenges.The company has been grappling with supply chain disruptions…
The Trump administration has asked a federal judge to withdraw the Interior Department's 2024 approval of a wind farm off the coast of Maryland, according to court documents filed on Friday.The action is the latest in a series of moves the administration…
U.S. Interior Secretary and Energy Council Chief Doug Burgum has said that it is not likely that there will be future offshore wind projects built in the country under the current Trump administration.During the Gastech conference in Milan,…
Lloyd’s Register (LR) has granted Approval in Principle (AiP) to Samsung Heavy Industries (SHI) for its new floating offshore wind turbine design, the SnapWind Float. SnapWind Float has been developed to deliver floating wind solutions that…
Seaway7, part of the Subsea7 Group, has installed the final monopile at Dogger Bank C offshore wind farm, part of 3.6 GW Dogger Wind Farm development being built offshore UK.Seaway7’s crane vessel Seaway Strashnov placed the final monopile in the North Sea…
Construction has started on the operations and maintenance (O&M) base for the 1.1 GW Inch Cape Offshore Wind Farm at Montrose Port in Angus, Scotland.The base will expand Inch Cape’s existing presence at Montrose, where its marine coordination center is already located…
Korean Register (KR) has issued an Approval in Principle (AIP) for Samsung Heavy Industries’ (SHI) newly developed SnapWind Float, a next generation floating offshore wind substructure capable of supporting 15MW turbines.As large-scale offshore wind projects continue to expand worldwide…
Eoliennes en Mer Dieppe Le Tréport (EMDT), a joint venture Ocean Winds, Sumitomo Corporation, and Banque des Territoires, has installed the first wind turbine foundation for the 496 MW offshore wind farm, being built in Normandy.The 496 MW offshore wind farm is located 17 km off Dieppe and 15…
Japan aims to start planning a national floating wind test centre next year, a senior industry official said, vowing to pursue a path of wind power growth despite a recent setback when Mitsubishi quit three projects.Mitsubishi-led consortia 8058…
Taiwan's bid to propel its billowing offshore wind power market will entail huge government support for prospective suppliers to achieve capacity goals as projects move to deep, technically challenging waters, industry officials and analysts said…
Van Oord has completed the laying, burial, termination and testing of 109 array cables at the Sofia Offshore Wind Farm. The Sofia project marked the first operational deployment of cable-laying vessel Calypso. Purpose-built to install cables for offshore wind projects worldwide…
Singapore-based marine logistics firm Marco Polo has hired Norwegian ship designer Salt Ship Design to design the CSOV Plus, the next-generation commissioning service operation vessel (CSOV) for oil and gas and offshore wind sectors.The contract…
Germany-based Bernhard Schulte Offshore (BSO) has taken delivery of its newest Commissioning Service Operation Vessel (CSOV), built by Ulstein Verft in Norway.The vessel, named Windea Clausius, was officially christened on September 4, and will serve the global offshore energy industry…
RWE has struck a long-term partnership with Apollo Global Management to secure funding for its 25.1% stake in Amprion, one of Germany’s four transmission system operators, as the country gears up for a decade of record grid investments.Under the agreement…
Offshore wind developer Orsted won shareholder approval on Friday for a $9.4 billion emergency rights issue to help fund U.S. projects thrown into uncertainty by President Donald Trump's opposition to the renewable energy source.The stakes are high for the Danish state-controlled firm…