Ocean Winds Extends Operations & Maintenance (O&M) Contract with Principle Power for WindFloat Atlantic Project

Ocean Winds has extended its Operations & Maintenance (O&M) long-term contract with Principle Power for the 25 MW WindFloat Atlantic Project, which validates Principle Power’s service excellence and O&M capabilities. This extension further affirms the operational success of the world’s first semi-submersible floating wind farm and first floating wind project to secure bank financing. Since... Continue Reading →

Hexicon Closer to Finalizing Floating Offshore Wind Deal in South Korea

(offshoreWIND.biz) Sweden’s Hexicon has obtained the necessary regulatory clearance to acquire a controlling stake in the 1,125 MW MunmuBaram floating offshore wind farm in South Korea. The South Korean Electricity Regulatory Commission (KOREC) has approved the transfer of two out of three Electricity Business Licenses (EBLs) for the MunmuBaram floating offshore wind project. With this... Continue Reading →

Aikido One Floating Wind Platform Takes Final Shape

(BusinessWire) Chet Morrison Contractors, on behalf of floating wind startup Aikido Technologies, has performed the final structural assembly of Aikido One floating wind platform in less than 40 working hours, establishing a new standard in the industrialization of floating platforms. The assembly operation, representing 10-time speed-up, demonstrates how Aikido can enable offshore wind project developers... Continue Reading →

Mooreast Appoints Ellingsen as CEO

Mooreast Holdings Ltd. announced today it will appoint Mr Eirik Ellingsen, a Norwegian with deep experience in the offshore and marine sector, as Chief Executive Officer (“CEO”) amid growing adoption of floating wind energy projects worldwide. Mr Ellingsen will assume the role of CEO at Mooreast on 1 January 2025. He will be taking over... Continue Reading →

South America Offshore Wind Project Details & Economics

This annual access tool allows the user to investigate numerous market facets of the Bottom-Fixed and Floating Offshore Wind market. The Q Vision Project Details & Economics module offers 15 distinct lenses covering the value of supply chain segments Substructure (Floater), Turbine, (Mooring), Cabling and Installation. The different lenses focus on developer, designer and regional differences for the future... Continue Reading →

South Korea’s First Commercial-Scale Offshore Wind Farm Delivers First Power

(offshoreWIND.biz) The 96 MW Jeonnam 1 offshore wind farm in South Korea, jointly developed by Copenhagen Infrastructure Partners (CIP), SK Innovation E&S, and Copenhagen Offshore Partners (COP), has delivered its first power. Construction on the Jeonnam 1 offshore wind project started in early 2023, with turbine installation commencing in September 2024. Located off the coast... Continue Reading →

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