Abu Dhabi-based state-owned sovereign investor Mubadala Investment Company has invested $325 million alongside a consortium led by Apollo Funds to acquire a stake in Ørsted’s Hornsea 3 offshore wind project in the United Kingdom.Hornsea 3, located off the Norfolk coast, is expected to become the world’s largest single offshore wind farm once operational in 2028.The project is being developed by Danish offshore wind company Ørsted and is expected to deliver 2…
Belgian offshore contractor DEME has officially named its new jack-up offshore transport and installation vessel, Norse Energi, strengthening its offshore wind installation fleet alongside sister vessel Norse Wind.Norse Energi wind turbine installation…
Offshore infrastructure services provider North Star has secured a multi-million-dollar pipeline of emergency response and rescue vessel (ERRV) contracts covering 17 vessels operating in the North Sea.The awards, comprising new contracts and extensions…
Clean hydrogen production is expected to grow 100-fold by 2060, driven by energy security concerns and large-scale expansion in China, according to a new forecast from classification society DNV.In its latest report, Energy Transition Outlook 2026: Hydrogen to 2060…
Ørsted and Polska Grupa Energetyczna (PGE) have started offshore installation work on the 1.5 GW Baltica 2 offshore wind farm in the Baltic Sea, with the first monopile foundations now installed off the Polish coast.The companies said the project…
Vicinay Marine and Spanish applied research center Tecnalia have jointly developed a sensor designed to remotely monitor corrosion on offshore mooring lines, aiming to improve the safety, reliability and service life of offshore systems.The…
Fugro has been awarded a major geotechnical survey contract by SSE for the Berwick Bank B offshore wind development in the North Sea off Scotland.Berwick Bank B forms part of the wider 4.1 GW Berwick Bank offshore wind project, which is being…
Ta San Shang Marine (TSSM), a joint venture between Mitsui O.S.K. Lines (MOL) and Taiwan’s Ta Tong Marine, has taken delivery of a new commissioning service operation vessel (CSOV), the TSS Cruiser, which is now ready to support offshore wind farm operations in Taiwan…
Ocean Power Technologies (OPT) has demonstrated autonomous docking, charging and redeployment capabilities for its WAM-V autonomous surface vehicle as part of efforts to support longer-duration offshore operations.The company said the system enables the maritime drone to approach a dock…
Europe's offshore wind expansion is running into a structural supply constraint where the turbine market is becoming increasingly concentrated. GE Vernova, Siemens Gamesa and Vestas have historically anchored Western offshore turbine supply…
SPIE Global Services Energy, via its SPIE Wind Connect unit, has secured a contract by Seaway7 to provide high-voltage cable termination and testing services for the Baltyk II and Baltyk III offshore wind farms in Poland.The contract covers…
Danish wind turbine maker Vestas reported an unexpectedly large first-quarter profit rise on Wednesday as it ramped up production for the offshore sector, but warned of geopolitical and tariff-related risks.'Last year in Q1 we hadn't put a single one of our new offshore turbines up…
Danish offshore wind developer Orsted on Wednesday reported a first-quarter core profit above forecasts, driven by an increase in power output and kept its full-year outlook for the year.Orsted in recent years struggled with soaring costs from…
Dutch grid operator TenneT is preparing to begin horizontal directional drilling at Maasvlakte as part of efforts to connect three offshore wind farms to the onshore grid.Steel casing pipes have been installed at three beach work sites, allowing drilling beneath the beach and seabed to begin…
Norwind Offshore has doubled its fleet through the acquisition of six commissioning service operation (CSOV) vessels from Edda Wind.The transaction was completed in partnership with Navigare Capital Partners, the company said.The vessels have…
Subscribe
