Tugdock and Sarens have successfully secured funding from The Crown Estate through the initial round of its innovative Supply Chain Accelerator. This is match funding for a joint project by Tugdock and Sarens to develop a heavy lift Operations and Maintenance (O&M) hub at ABP’s port of Port Talbot in Wales. With key support from major industry players such as ABP and RWE,... Continue Reading →
Iberdrola gets Portuguese nod for Wind Farm Start
Iberdrola has received a production license from the Portuguese Directorate-General for Energy and Geology of Portugal (DGEG), taking another step towards the construction of the largest wind farm in Portugal. Located in the districts of Vila Real and Braga, in northern Portugal, with a total investment of around €350 million, this project reinforces Iberdrola's commitment... Continue Reading →
BP and JERA Combine Offshore Wind Units to Form JERA Nex BP Joint Venture
Energy major BP and Japan’s largest power generation company JERA have agreed to combine their offshore wind businesses to form a new standalone, equally-owned joint venture that will become one of the largest global offshore wind developers, owners and operators, named JERA Nex BP. The combination will create a global business with a balanced mix... Continue Reading →
Failed offshore auction highlights how Denmark missed winds of change
(Reuters) - Denmark's failure to attract any bids in an offshore wind power tender last week stems from a rigid auction model, a failure to adapt to a changed economic reality for renewable energy projects and rising competition, analysts said on Friday. The outcome was a blow to Denmark, home to turbine maker Vestas and offshore wind... Continue Reading →
Busy Week in the US Offshore Wind Market
(offshoreWIND.biz) With projects in pre-construction, under construction and undergoing permitting, the US offshore wind industry is getting busier by the day. Over the past week, updates on project milestones, contracts and permitting made the news on offshoreWIND.biz. Catch up with these stories in our recap 👇 Sif Produces First Empire Wind 1 Monopile in Netherlands... Continue Reading →
Shell Pumps the Brakes on Offshore Wind Investments, Splits Power Group
Shell is stepping back from new offshore wind investments and is splitting its power division following an extensive review of the business that was once seen as a key driver of the company's energy transition strategy. (Reuters) The changes are part of a company-wide review launched in 2023 aimed at reducing costs as CEO Wael Sawan focuses... Continue Reading →
TotalEnergies Set for $2B Acquisition of Renewables Developer VSB
(Reuters) French oil major TotalEnergies is close to acquiring vertically-integrated renewable developer VSB Group from private equity firm Partners Group for about 2 billion euros ($2.10 billion), Bloomberg News reported on Tuesday. TotalEnergies and Partners Group declined to comment. VSB Group did not immediately reply to a request for comment. Germany-based VSB has a renewables... Continue Reading →
Conbit Delivers SL900: Transforming Offshore Wind Lifting Operations
Conbit has launched the SL900, a versatile modular lifting system designed to meet the unique challenges of offshore wind projects. Successfully tested last month, the SL900 offers a game-changing alternative to crane vessels and jack-up barges for heavy lifts on offshore substations, such as replacing deck cranes, transformers, or installing heavy boat landings. The SL900... Continue Reading →
Equinor’s Renewables Head Steps Down
(OE) Equinor has appointed Jens Økland as acting Executive Vice President (EVP) for Renewables, as Pål Eitrheim steps down from the position. Økland will assume his new role from December 6, 2024. He has more than 30 years of experience in Equinor, most recently as Vice President for Strategy and Commercial Solutions in Renewables. From... Continue Reading →
JDR Cables secures major contract from DEME for largest US wind project
JDR Cable Systems (JDR), the global subsea cable and umbilical supplier and service provider, part of the TFKable Group, has been awarded a significant contract by DEME Offshore to support Dominion Energy's Coastal Virginia Offshore Wind (CVOW) project. JDR's comprehensive scope of work covers 176 wind turbines and three offshore substations. It includes pull—in, termination,... Continue Reading →