Danish offshore wind installation firm Cadeler has signed a vessel reservation agreement with Ocean Winds for the installation of the wind turbine generators at BC-Wind offshore wind farm in the Polish Baltic Sea.The potential value of the contract…
Van Oord’s heavy lift installation vessel Svanen has installed the first monopile at the Baltic Power offshore wind farm, north of the Polish coast.Developers ORLEN and Northland Power contracted Van Oord for the transport and installation of 78 foundations…
Kongsberg Maritime has unveiled a range of innovative methods designed to transform and industrialize the transportation and installation (T&I) of floating offshore wind turbines.The new solutions have been developed to streamline the entire process…
Denmark's Orsted decided to cut its 2030 investment program by 25%, the renewable energy firm said on Wednesday, as the offshore wind industry grapples with rising costs and supply chain issues.The firm will now invest in the range of 210 billion to 230 billion Danish crowns ($29…
Japan's Mitsubishi took a 52.2 billion yen ($342.4 million) impairment charge on its domestic offshore wind projects in the nine-month period ended in December, it said on Thursday.The trading house said on Monday it is reviewing how to proceed…
French oil major TotalEnergies beat expectations for fourth-quarter earnings on Wednesday as higher trading profits in the gas market helped it offset some of the impact of low oil prices and weak fuel demand.Adjusted net income for the final three months of 2024 was $4…
Norway's Equinor is reducing its ambitions for developing renewable energy capacity by 2030, it said on Wednesday, the latest move by a European energy company to cut green targets as the market for renewables sours.Equinor follows peers BP and Shell…
The Welsh Government has taken an $9.9 million equity stake in the Morlais tidal energy scheme to ensure progress of what is set to become the largest tidal energy project in Europe.Owned and managed by Ynys Môn social enterprise Menter Môn…
Specialist provider of offshore support services Interocean Marine Services has secured a three-year contract to provide marine vetting and assurance to the Morgan, Mona and Morven offshore wind projects.The offshore wind farms are being developed…
Acteon, through its geo-services brand UTEC, has completed the first year of a three-year balance of plant inspection contract with Siemens Gamesa Renewable Energy (SGRE) for the 228 MW Butendiek offshore wind farm in Germany.During the first year…
The European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have granted a total of $623.6 million to support the development of 1.5 GW Baltica 2 offshore wind farm, the second and the largest offshore wind farm in Poland…
The consortium of pension fund ABP, pension investor APG and wind energy developer SSE has signed a realization agreement with transmission system operator (TSO) TenneT for the Dutch offshore grid connection of 2 GW IJmuiden Ver Alpha wind farm…
U.K.-based offshore wind crew transfer vessel (CTV) owner Tidal Transit has secured equity financing from maritime and logistics investor HICO Investment Group to expand its fleet with six new electric CTVs (E-CTVs).The strategic expansion is…
Mitsubishi Corp on Monday said it is reviewing how to proceed with its offshore wind projects in Japan given a 'significantly changed' business environment, showing that the country is not immune to rising costs across offshore wind projects globally…
Iberdrola has inaugurated the operation and maintenance (M&O) centre in Saint-Brieuc, where 80 people will work to service its 496 MW offshore wind farm.The center, located in Binic-Établesm, controls and manages the electricity production and maintenance of the offshore wind farm…
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