Offshore Wind News


Ørsted Secures Korean Offshore Wind License

Nov 30, 2023

Ørsted has secured approval for a 1.6 GW Electricity Business License from the Ministry of Trade, Industry and Energy of the Republic of Korea.The license grants Ørsted exclusive development rights for a gigawatt-scale offshore wind project 70 kilometers off the coast of Incheon City…

Equinor Names California Floating Wind Project

Nov 29, 2023

Equinor has announced the name of its floating offshore wind project off the coast of California, Atlas Wind. The lease area, which lies 60 miles from Morro Bay, has the capacity to provide over 2GW of reliable, renewable power, enough to power 1…

Gazelle Wind Power Appoints U.S. Wind Finance Pioneer as CFO

Nov 29, 2023

Floating platform developer Gazelle Wind Power has appointed clean energy finance industry expert Álvaro Ortega as Chief Financial Officer (CFO).Ortega is the former Vice President of Finance at Avangrid Inc., a publicly traded company on the NY Stock Exchange and the U…

Emissions-Free Power Supply Expected to Rise to 85% by 2030 in Europe

Nov 29, 2023

The European power market will see its carbon intensity plummet as the region pursues ambitious climate-energy policies, but flexibility is key to enable this change, according to Peter Osbaldstone, Research Director, Europe Power & Renewables at Wood Mackenzie…

Damen Introduces Fully Electric SOV with Offshore Charging

Nov 28, 2023

Damen Shipyards Group has officially launched a fully electric service operations vessel (SOV), 70 meters x 17 meters, with its offshore charging capabilities.To achieve offshore charging, Damen has partnered with UK-based MJR Power & Automation…

Moray West Transition Pieces Arrive at Port of Nigg

Nov 28, 2023

Global Energy Group (GEG) has welcomed the first delivery of transition pieces for the 882MW Moray West Offshore Wind Farm to the Port of Nigg in the Cromarty Firth, Scotland.Ocean Winds, the 50:50 joint venture between Engie and EDP Renewables…

RWE Raises Spending Target to $60 Billion by 2030

Nov 28, 2023

Germany's top utility RWE will raise investments in green energy technologies to 55 billion euros ($60.21 billion) over the next seven years, it said on Tuesday ahead of its capital markets day.'Thanks to our significant financial headroom,…

Windcat Orders More Hydrogen-fueled CSOVs

Nov 28, 2023

Windcat has placed an additional order of two Commissioning Service Operation Vessels (CSOVs) with Damen Shipyards.The order increases Windcat’s CSOV fleet to five vessels, leaving the option of acquiring a sixth vessel. This development follows…

UK Offshore Wind and CCS Colocation Projects Underway

Nov 27, 2023

The UK Offshore Wind and Carbon Capture and Storage (CCS) Colocation Forum, set up to provide strategic coordination of colocation research and activity on the nation’s seabed, has commissioned two research projects. The projects are designed…

NOV Launches Floating Wind Installation Vessel Concept

Nov 27, 2023

NOV has unveiled a new installation vessel concept design tailored specifically for the unique challenges of the emerging floating offshore wind sector.Floating wind farms are often farther offshore, in deeper waters and in harsher environments…

KenzFigee Secures Contract from Aker Solutions

Nov 27, 2023

Lifting specialist KenzFigee has signed a contract with Aker Solutions for the supply of an offshore pedestal crane destined for the Norfolk Vanguard West offshore wind farm developed by Vattenfall.The delivery involves an electric hydraulic box boom offshore Ram Luffing 2400 type with a SWL of 20t…

Iberdrola to Invest $15 Billion in Britain Through 2028

Nov 27, 2023

Spanish renewable energy giant Iberdrola said on Monday it would invest nearly 14 billion euros ($15 billion) in Britain through 2028 in grids and renewable projects.The plan is in line with the company's broader investment strategy, which has seen a growing focus on networks…

The $1 Billion Offshore Wind Prize for US Shipyards

Nov 27, 2023

The U.S. offshore wind market presents a $1 billion long-term opportunity to builders of crew transfer vessels (CTV) and service operation vessels (SOV) that will support both wind farm construction and long-term operations and maintenance.…

Octopus Energy Buys Stake in UK Offshore Wind Farm

Nov 27, 2023

Britain's Octopus Energy has bought a 12.5% stake in the 660 megawatt (MW) Walney Extension offshore wind farm in the Irish Sea from a group of Danish pension funds, it said on Monday.Octopus bought the stake from AIP Management, the investment manager for Danish pension funds PKA and PFA…

Biden's Clean Energy Agenda Faces Mounting Headwinds

Nov 24, 2023

Canceled offshore wind projects, imperiled solar factories, and fading demand for electric vehiclesA year after the passage of the largest climate change legislation in U.S. history, meant to touch off a boom in American clean energy development…

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