Brought to you by Quest Offshore & Southern Cone Consultants
(offshoreWIND.biz) Swedish floating wind developer Hexicon has extended a credit facility the company secured earlier to provide support during a period of planned divestments until 30 June 2025. For financing, which amounts to SEK 75 million (approximately EUR 6.6 million), Hexicon signed an agreement with Wallstreet Aktiebolag, part of the Wallenius Group, and a group... Continue Reading →
(Reuters) - Norwegian energy company Equinor has received an offer from the South Korean government for a fixed-price power purchase agreement for a 750-megawatt (MW) floating offshore wind project, the company said on Thursday. "We have received an offer for an offtake contract for our Bandibuli project," an Equinor spokesperson told Reuters. The company will now... Continue Reading →
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 →
(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 →
(offshore-energy.biz) South Korea’s shipbuilder Hanwha Ocean has closed its acquisition of Singapore-based offshore builder Dyna-Mac, which specializes in manufacturing marine plant topside structures for floating production, storage, and offloading (FPSO) and floating liquefied natural gas (FLNG) units. The deal was closed on November 20, 2024, when Hanwha Ocean agreed to acquire approximately 95.15% of the total issued... Continue Reading →
(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 →
(cleantechnica.com) The offshore wind industry has planted tens of thousands of turbines in coastal waters around the world since the early 2000s. That’s a good start, but it’s just a start. New offshore floating wind technology is beginning to hit the market, extending the reach of wind turbines into new territory and providing new opportunities... Continue Reading →
(Reuters) South Korean conglomerate Hanwha Group on Monday raised its offer for the remaining stake it does not already own in Singapore's Dyna-Mac, valuing the offshore oil and gas contractor at S$790.6 million ($605.41 million). The improved offer of S$0.67 per share represents a 35.4% premium to Dyna-Mac's last traded price on Sept. 10, before... Continue Reading →
KF Wind floating wind project, being developed by Aker Horizons majority-owned Mainstream Renewable Power and Ocean Winds, has secured a transmission service agreement (TSA) with Korea Electric Power Corporation (KEPCO). The agreement covers the first phase of the project, East Blue Power (375 MW) and the second phase, KF Wind (750 MW) with the interconnection... Continue Reading →
(OE) Mainstream Renewable Power, the pureplay global wind and solar company majority-owned by Aker Horizons, has announced that KF Wind, a 1,125MW floating offshore wind project being developed off the coast of Ulsan, South Korea, has secured the Environmental Impact Assessment (EIA) approval from the Ministry of Environment for the totality of the two-phase project.... Continue Reading →
Brazil Energy Insight 