The value of Danish energy company Orsted, the world's largest offshore wind farm developer and a big player in the U.S., has plunged about 31% since it declared $2.3 billion in U.S. impairments in late August due to supply delays, high interest rates and a lack of new tax credits…
Deep Wind Offshore, a Norwegian offshore wind developer, said Thursday that that Octopus Energy would become a co-owner of the company together with the existing industrial owners Knutsen OAS, Haugaland Kraft, and Sunnhordland Kraftlag.Deep Wind Offshore…
Sweden's Vattenfall is evaluating options for proceeding with offshore wind projects off the Norfolk coast in Britain after stopping work on one of them earlier this year, the company said on Wednesday.Vattenfall halted development of its 1…
Offshore engineering firm DORIS has been awarded a framework agreement by BP to provide engineering services to BP’s offshore wind projects.This framework will see DORIS support BP globally.Across the five-year agreement, DORIS will provide engineering for scopes such as concept development…
Offshore wind developer Ocean Winds has selected the Port of Nigg in the Cromarty Firth, Scotland, owned and operated by Global Energy Group (GEG), as the location for marshaling all 62 transition pieces (TPs) prior to installation as part of the Moray West offshore wind farm…
Denmark's Orsted, the world's largest offshore wind farm developer, is prepared to walk away from projects in the U.S. unless the Biden administration guarantees more support, Bloomberg News reported on Tuesday, citing the company's CEO. 'We are still upholding a real option to walk away…
Dutch offshore installation services firm Boskalis has secured two contracts for the transportation and installation of the export and array cables for the Baltica 2 offshore wind farm off the coast of Poland. The two contracts have a combined value which is considered to be 'large…
Offshore construction has officially started at RWE’s 1.4 gigawatts (GW) Sofia Offshore Wind Farm to install essential subsea cable infrastructure from the UK’s northeast coast to the wind farm site on Dogger Bank, in the central North Sea.Cable…
Much has been written recently about the challenges facing U.S. offshore wind projects, resulting in requests to terminate or renegotiate contracts to sell power to states. Examples of these challenges can be found from Massachusetts to Virginia…
Spain's renewable energy giant Iberdrola has told investors it does not need to book any impairments in its offshore business, a document seen by Reuters on Wednesday showed.The document is designed to reassure investors after Denmark's Orsted…
Norway's Equinor and its partner BP are seeking a 54% increase for the price of power produced at three planned offshore U.S. wind farms, according to a filing made by a New York state regulatory authority. The two partners in recent years won the rights to build the Empire Wind 1…
Enerpac won a contract by Saipem to supply the Hydraulic Levelling and Fixation System for the installation of 64 transition pieces (TP) at the offshore wind farm in France. The Enerpac system is designed to allow accurate levelling and fixation of the transition pieces on the monopile foundation…
Colombia needs to rebuild trust between communities, businesses and the government to successfully execute its energy transition, Minister of Mines and Energy Andres Camacho told journalists on Thursday. Camacho, an electrical engineer who previously worked in the ministry as an adviser…
Swiss-based firm Implenia and NorSea's WindWorks Jelsa have signed an agreement to develop a production and assembly facility for large concrete or steel structures for the floating offshore wind industry at Norway’s west coast.Implenia and NorSea will become equal minority shareholders (approx…
The global offshore wind supply chain will require US$ 27 billion of secured investment by 2026 if it is to meet a fivefold growth in annual installations (excluding China) by 2030, according to energy intelligence group Wood Mackenzie.This…
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