Offshore Wind News

Cadeler Secures Loan to Fund Offshore Wind Vessel Construction & Upgrades

Nov 15, 2023

Danish offshore wind installation services company Cadeler said Monday it had entered into an unsecured green loan facility with HSBC. The purpose of the loan facility is, among others, to fund Cadeler’s construction of the X-class and F-class…

Aker Solutions Bags Sizeable Offshore Wind Platform Deal

Nov 15, 2023

Norway-based Aker Solutions said Tuesday it had won a sizeable contract from Vattenfall for the Norfolk Vanguard East Offshore Wind Farm off the coast of Norfolk, UK.Aker Solutions defines a sizeable contract as being between NOK 0.5 billion and NOK 1…

Floating Wind Faces Mooring System Supply Chain Bottlenecks

Nov 14, 2023

A combination of technical and market factors could drive supply chain bottlenecks for mooring system components in the emerging offshore wind sector, says Philip Lewis, director of research at Intelatus Global Partners.See the full video interview here.

Orsted's Finance and Operations Chiefs Out after Big Losses

Nov 14, 2023

Denmark's Orsted said on Tuesday that its finance and operations chiefs were stepping down with immediate effect after the offshore wind farm developer earlier this month reported large financial losses.The search for successors to Chief Financial…

Vattenfall's Danish Offshore Wind Farm Delivers First Power to Grid

Nov 14, 2023

Vattenfall has supplied the first power from its offshore wind farm, Vesterhav Syd, to the Danish power grid.'It was a culmination of almost seven years’ work on the wind farm, when the blades of the first wind turbine were turned up against the wind and started generating fossil-free electricity…

Framo to Supply Suction Bucket Pumping Systems for Taiwan Offshore Wind Project

Nov 14, 2023

Framo said Wednesday it would supply suction bucket pumping systems for the foundations of Ørsted's Greater Changhua Offshore Wind Project in Taiwan.The Framo Suction Pump Spread Systems will be produced at the Framo factory at Flatøy outside Bergen…

Harlyn Solutions Completes First Phase of Offshore Substation Transport for Moray West Wind Farm

Nov 14, 2023

Harlyn Solutions said Tuesday it had completed the first phase of the offshore substation transport for the Moray West Wind Farm, with the two substations now in the Cromarty Firth awaiting their installation at the offshore wind farm.Harlyn Solutions…

Danish Offshore Wind Project Termination Not Detrimental to Cadeler's Long-Term Financial Performance, CEO Affirms

Nov 14, 2023

Danish offshore wind installation services firm Cadeler said Monday evening it had received notice of termination of the Aflandshage offshore wind project in Øresund, Denmark, which in turn led to the cancellation of its turbine installation contract…

Ørsted Exits Norwegian Offshore Wind Partnership

Nov 13, 2023

Denmark-based offshore wind developer Orsted has decided to pull out of the Norwegian offshore wind partnership due to prioritization of investment in its portfolio.Ørsted joined Bonheur ASA's subsidiary Fred. Olsen Renewables AS, now Fred. Olsen Seawind ASA…

Britain's Octopus Makes First Investment in German Offshore Wind

Nov 13, 2023

Britain's Octopus Energy said it has made its first investment in German offshore wind under plans to scale up its renewables activity in the world's third-largest market.Octopus Energy Generation has taken a 5% stake in Butendiek, an 80-turbine offshore wind…

Norway's Statkraft May Return to British Offshore Wind

Nov 10, 2023

Norway's state-owned Statkraft could return to the British offshore wind market, but its key focus remains Ireland, Norway and Sweden, its CEO told Reuters on Friday.'We are looking at Britain,' Christian Rynning-Toennesen said after Statkraft's third-quarter earnings presentation…

Deep Wind Offshore Partners with Hy2gen to Produce Hydrogen from Offshore Wind

Nov 10, 2023

Norway-based offshore wind developer Deep Wind Offshore has entered a partnership with the hydrogen company Hy2gen to produce green hydrogen from offshore wind. 'The combination of offshore wind and hydrogen has massive potential. It is not possible to achieve net zero without green energy carriers…

Senesco Launches New CTV for WindServe Marine

Nov 09, 2023

Senesco Marine on Wednesday launched a new Jones-Act-compliant crew transfer vessel (CTV), WindServe Journey.WindServe Marine, a sister company to the North Kingstown, R.I. shipbuilder—both part of the Reinauer Group—will operate the CTV to serve the U…

Seven Existing UK Offshore Wind Farm Project Sites Set for 4GW Power Boost

Nov 09, 2023

Britain's Crown Estate said Thursday it was taking steps to enable the generation of up to an additional 4GW of green electricity from several offshore wind farm projects in development within the timeframe of the UK government’s offshore wind target of 50GW by 2030…

Vietnam Will Struggle to Meet 2030 Offshore wind goal, Top Official Says

Nov 09, 2023

Vietnam will have a hard time reaching its offshore wind power target for 2030, a top executive at a state-owned energy company said, with foreign investors also warning of multiple regulatory hurdles that would need to be cleared.The Southeast…

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