RWE, Germany's largest utility, on Thursday said it would cut investments by more than a fifth until the end of the decade, citing global uncertainty around renewable energy returns that has forced major sector players to pare back spending plans…
Asset manager Apollo has agreed to acquire a majority stake in offshore energy solutions business OEG Energy Group as part of the transaction worth over $1 billion.Apollo, through its funds managed by its affiliates, will take the majority share…
Portuguese engineering company Etermar Energia has signed a contract Ørsted and PGE to deliver over 100 external platforms for the Baltica 2 offshore wind farm, marking its first major contract in the offshore wind industry.The contract covers…
Copenhagen Infrastructure Partners (CIP), through its fund Copenhagen Infrastructure V (CI V), has reached financial close on the 495 MW Fengmiao I offshore wind project off the coast of Taichung in Taiwan.Fengmiao I project has secured an approximately $3…
Offshore engineering specialist Enersea and EPCI management expert IX Renewables have signed a memorandum of understanding (MoU) to enhance collaboration in the offshore wind sector.IX Renewables specializes in EPCI management, offering technical…
U.K.-based Enshore Subsea has secured the export cable installation contract for Inch Cape offshore wind farm, one of Scotland’s largest offshore wind farm projects.Inch Cape will have two 85 kilometer, 220kV, three-phase export cables which…
CorPower Ocean has secured financial backing from Vinnova, Sweden’s national innovation agency, for a project exploring the adoption of artificial intelligence (AI) for improved performance and control in wave energy technology.The WACE project…
Twelve businesses in the North East of Scotland targeting success in the offshore renewable energy market have been selected for the the U.K.’s Fit For Offshore Renewables (F4OR) supply chain support program.The program is open to companies looking to break into the offshore renewable energy sector…
RWE has marked significant progress in the construction of its 1.4 GW Sofia offshore wind farm, located on the Dogger Bank off the U.K. east coast, with the first turbine installation expected in the coming weeks.Earlier in March, the project…
RWE, the U.K.’s largest power generator, has signed a 10-year power purchase agreement (PPA) with Telehouse International Corporation of Europe to supply it with green electricity from the London Array offshore wind farm.Under the agreement…
The first eight foundations for the Nordeseecluster, a 1.6GW offshore wind project being built in the German North Sea, have arrived and been offloaded in the Dutch base port Eemshaven.The foundations are around 85 meters long on average and weigh approximately 1…
Kongsberg Maritime has signed a contract for the design and equip two multi-purpose subsea vessels for Olympic Group, which will be methanol-ready and feature battery hybrid technology.The UT7623 Sustainable Energy Vessels (SEVs) are the first…
A new EU-funded project has brought together 14 partners across Europe to unlock the potential of harnessing tidal and river energy in the North-West Europe.The SHINES project, short fo Showcasing Hydrokinetic energy Innovations for Northwest European Energy Sovereignty…
The hull for Bernhard Schulte (BS) Offshore’s new Commissioning Service Operation Vessel (CSOV) has arrived at Ulstein Verft’s shipyard, marking the start of new phase in the shipbuilding process.The vessel is designed by Ulstein Design & Solutions for ‘walk-to-work’ (W2W) operations…
Saipem has presented its Star1 semi-submersible floating wind foundation technology, which was recently selected for two floating wind projects planned in the Mediterranean Sea.Deriving its name for star-like shape, the Star1 technology consists of three arms converging at the center…
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