"Offshore Wind" News

Vattenfall Pens PPA for Nordlicht 1 Offshore Wind Farm

Jan 29, 2025

Vattenfall has signed a power purchase agreement (PPA) with the chemicals group LyondellBasell (LYB) to provide it with fossil free electricity from the Nordlicht 1 offshore wind farm off the German coast.The agreement includes the supply of…

Japan Adjusts Rules for Offshore Wind Auction Rounds

Jan 29, 2025

The Japanese government on Wednesday announced a revision of its rules for offshore wind power auctions as the sector globally grapples with delays and soaring expenses driven by tight supply chains and inflation.After a number of consultations…

Orsted, PGE Greenlight Poland Offshore Wind Farm

Jan 29, 2025

Poland's PGE and Denmark's Orsted have taken the final decision to build Baltica 2, a 1.5-gigawatt offshore wind farm on Poland's Northwestern coast, the companies said on Wednesday.Both companies will own 50% of the farm which is expected to be fully commissioned in 2027…

Masdar’s Terna Energy and Motor Oil to Develop Greece’s First OW Farm

Jan 28, 2025

Terna Energy, a subsidiary of Masdar Group, has teamed up with Motor Oil for the development of first offshore wind farm in Greece.The procedures for the participation of the Motor Oil Group, through its subsidiary Motor Oil Renewable Energy (MORE)…

Motive Offshore Sets Up Shop in Texas Amid Rising Orders

Jan 28, 2025

Motive Offshore, an equipment provider for the energy sector, has set up a new office in Houston, Texas, following a fourfold increase in its equipment for the Americas.The strategic expansion will support increasing operational demands and sets the stage for continued growth…

Scottish Inch Cape Offshore Wind Farm Reaches Financial Close

Jan 27, 2025

The financial close for the Inch Cape offshore wind farm, developed by ESB and Red Rock Renewables as equal joint owners, has been reached, raising more than $4.3 billion in funding.The 1,080 MW offshore wind farm, located in the North Sea 15 kilometres off the Scottish Angus coast…

Tekmar Scoops $6.2M Offshore Wind Cable Protection Contract

Jan 27, 2025

Offshore services firm Tekmar Group has secured a contract to supply its cable protection system for U.K. offshore wind farm, worth around $6.2 million.The contract is for the design and supply of Tekmar's flagship Generation 10 cable protection system (CPS) and associated ancillaries…

Huisman to Deliver Crane for Penta-Ocean’s Offshore Wind Heavy Lift Vessel

Jan 27, 2025

Huisman has been awarded a contract from Penta-Ocean Construction to deliver a 5,000 mt Tub Mounted Crane along with a monopile handling system, including a motion compensated pile gripper, for a new heavy lift vessel designed for Japanese offshore wind market…

Tidal Transit Finds Asian Partners to Build OW Support Vessel Fleet for Korea

Jan 27, 2025

Tidal Transit has signed a memorandum of understanding (MoU) with two Asian firms to develop, fund, build and operate offshore support vessels for the South Korean offshore wind industry.The U.K. supplier of purpose-design crew transfer vessels…

Windcatcher Multi-Turbine Floating Wind Demo Gets $100M Financial Boost

Jan 27, 2025

Enova, owned by the Norwegian Ministry of Climate and Environment, has awarded a grant of $107 million to Norway-based Wind Catching Systems for the deployment of a Windcatcher multi-turbine floating wind demonstrator.The $107 million has been…

CIP, Vena Energy Secure Offtake Contract for Korea’s Offshore Wind Project

Jan 24, 2025

Copenhagen Infrastructure Partners (CIP) and Vena Energy have secured an offtake contract in the 2024 Wind Power Fixed-Price Contract Auction arranged by the Korea Energy Agency (KEA) for their joint offshore wind project Taean Wind Power.The Taean Wind Power project…

Portugal Ushers in Floating Wind Era

Dec 16, 2024

Portugal is beckoning a new era for offshore wind after officially signing ‘rules of procedure’ for a new Technological Free Zone located off the coast of Viana do Castelo.The news was announced during an international conference in Lisbon promoting…

All Set for Construction of RWE’s Offshore Wind Control Center in Germany

Jan 23, 2025

RWE has started progressed work on a new office in Jemgum, in Germany’s East Friesland region, which will serve as a base for round-the-clock monitoring and control of its existing and future wind farms in both Germany and continental Europe…

Naval Fleets power Vestdavit's record 2024 sales

Jan 23, 2025

Vestdavit has achieved a new sales record for the third successive year as its order intake hit an all-time high of Nkr380m in 2024, fueled by increased davit orders from its core naval market as well as the offshore energy sector.“It has been another fantastic year…

UK: Twelve Companies Get Offshore Wind Financial Boost

Jan 22, 2025

The Offshore Wind Growth Partnership (OWGP) has launched a new $2.45 million Development Grant competition and announced a combined $3.7 million in funding awarded to 12 companies from their 2024 funding calls.OWGP’s Development Grant program aims to support UK supply chain companies to scale up…

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