S&P downgraded Danish wind power giant Orsted to BBB on Wednesday, citing higher leverage on its balance sheet and major U.S. impairments in 2023 due to supply chain delays and higher costs.S&P said Orsted's business risk profile has weakened from last year…
Orsted, the world's biggest offshore wind farm developer, trimmed its investment and capacity targets on Wednesday and paused dividend payouts as part of a major review.The Danish company has battled to restore investor confidence after halting the development of two U…
Naval architecture and marine engineering firm BMT unveiled its new design for a 48-meter service operation vessel (SOV).BMT said the mid-sized vessel sits in between crew transfer vessels (CTV) and typical SOVs, providing a more cost-effective…
Wind power production outpaced gas plants in Europe for the first time last year as fossil fuel electricity generation plummeted, cutting the region's carbon emissions, data from think-tank Ember showed.Europe is ramping up its renewable electricity…
Dutch company Fugro has secured the geophysical survey contract for the development of the Doordewind offshore wind farm zone in the Netherlands.The Doordewind project, led by the Netherlands Enterprise Agency (RVO), is part of the Dutch Government’s Offshore Wind Energy Roadmap 2030…
Eidesvik Offshore, a Norwegian offshore vessel owner, has signed a ship management contract extension with DEME for construction support vessel (CSV) Viking Neptun.The three-year extension also includes a two-year option for further extension…
As offshore wind power spreads globally, it’s widely acknowledged that the maturation of floating wind power platforms will exponentially increase the availability of resources, as a majority of the wind power lies outside the installation zone of fixed systems…
Thistle Wind Partners (TWP), a consortium involving DEME, Qair and Aspiravi, has submitted the onshore scoping report for its Ayre Offshore Wind Farm to The Highland Council.TWP’s Ayre project, located to the east of Orkney, will be a 1 GW floating wind farm…
The New York City Public Design Commission (PDC) has approved Equinor’s design for the offshore wind operations and maintenance building to be constructed at the South Brooklyn Marine Terminal (SBMT).The approval from the PDC allows for advancement…
Integrated Wind Solutions (IWS) has, through its wholly-owned subsidiary IWS Fleet, entered into a frame term agreement with Siemens Gamesa to provide its commissioning service operation vessel (CSOV) fleet for offshore wind farms in North Europe…
Two commissioning service operation vessels (CSOV) under construction for Germany-based Bernhard Schulte Offshore have reached milestones. The steel cutting and keel laying ceremonies for yno 321 and 320, respectively, were arranged at the Crist hull yard…
Google has signed power purchase agreements (PPAs) with Shell and with Eneco, owners of the Crosswind and Ecowende joint ventures, for 478 MW of carbon-free energy from two Dutch offshore wind farms - Hollandse Kust Noord and Hollandse Kust (west) lot VI…
Dutch manufacturer Huisman has signed a contract with Danish offshore wind installation services firm Cadeler for the design and production of monopile gripper for the offshore wind industry.This marks the seventh gripper ordered at Huisman…
North Star has secured a contract with energy utility giant EnBW to deliver a new hybrid-electric service operations vessel (SOV) on a decade-long minimum charter to service the He Dreiht wind farm off the coast of Germany.The agreement marks…
The steel cutting ceremony for the new Construction Service Operation Vessel (CSOV), being built by Damen for Ta San Shang Marine (TSSM), a joint venture between Japan’s Mitsui O.S.K. Lines and Taiwan’s Ta Tong Marine, took place in Vietnam…
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