New York officials on Tuesday said the state has awarded conditional contracts to three offshore wind projects as part of a massive renewable energy procurement that will provide 12% of the state's power needs in 2030.The announcement, which…
Norway's $1.4 trillion wealth fund, the world's largest, remains committed to investing in offshore wind, a top official said on Tuesday, despite a wave of cancellations of projects due to inflation, supply chain disruptions, and rising costs…
Abu Dhabi's Masdar is set to buy a 49% stake in Spanish utility Iberdrola's largest offshore wind project off Scotland's coast, known as East Anglia 3, Spanish newspaper Cinco Dias reported on Tuesday, citing unidentified market sources.The acquisition will be worth around 2 billion euros ($2…
A consortium between Denmark's Semco Maritime and Vietnam's PTSC Mechanical & Construction (PTSC M&C), has won an engineering, procurement, and construction (EPC) contract for a 500 MW offshore wind farm substation project.The project is part of the Feng Miao offshore wind farm…
Italian power and telecom cable-making and installation services firm Prysmian Group said Monday it had completed the installation and HV testing activities at Vineyard Wind 1, the first commercial-scale offshore wind farm in the US. Located more than 15 miles off the coast of Massachusetts…
Offshore wind farm developer CrossWind said Friday it had installed the 69th and final wind turbine at the Hollandse Kust Noord offshore wind farm in the Dutch section of the North Sea.The final turbine's three 97-meter-long blades were lifted into position on Thursday evening…
Developers in the U.S. offshore wind industry will likely cancel some power sales contracts in New York after the state last week denied passing on more of the costs to consumers, but major projects off Massachusetts and Rhode Island are set to start up later this year…
Canadian marine robotics company Kraken Robotics Inc. said Thursday it had secured a $3 million contract to carry out boulder detection subsea survey services as part of an offshore wind farm project located in Europe.Kraken’s contract scope includes mobilization of a dedicated survey vessel…
Offshore helicopter services company NHV Group has announced a collaboration in Taiwan with Apex Aviation, a local Taiwanese company, with the aim of providing helicopter transportation services to Taiwan's growing offshore wind industry.'Given…
Eneti, an offshore wind installation company, said Wednesday that its subsidiary Seajacks UK had signed a contract with an unnamed client to assist with wind turbine installation.Per Eneti, the mobilization will start in 2024, and the contract…
Offshore wind farm developer Ørsted has signed an agreement to divest 50% of the Gode Wind 3 Offshore Wind Farm in Germany to funds managed by Glennmont Partners from Nuveen.Glennmont is one of Europe’s largest fund managers, focused exclusively on investments in clean energy infrastructure…
Will the emergence of a floating offshore wind industry drive demand for newbuilds? When would these new vessels be needed? And will there enough qualified mariners to crew them? Philip Lewis, director of research at Intelatus Global Partners, weighs in.See the full video interview here.
Denmark-based global offshore wind developer Ørsted is set to divest a 50% stake in its offshore wind farm project in Taiwan and has signed an exclusivity agreement with a Taiwanese insurance company and its affiliate, following a competitive divestment process…
Norwegian ports investing in offshore wind can generate NOK 8.4 billion (currently ~766 million) in annual value and employ approximately 6,400 people by 2030, a new report from Menon Economics has found.The report was commissioned by Norwegian Offshore Wind…
A U.S. judge has rejected challenges to federal environmental permits and construction approvals for a $4 billion offshore wind farm near Massachusetts, which commercial fishing groups have claimed will harm whales and impair their businesses…