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(Offshore-energy.biz) Subsea7 has reported a “robust” backlog of $10.4 billion in its financial results for the first quarter of 2024, with tendering activity high in both the subsea and offshore wind sectors. To remind, in the financial results for the full year of 2023, Subsea7 reported it had secured $7.4 billion of contract awards last year, taking its backlog... Continue Reading →
(Bloomberg) -- Macquarie Asset Management is making a $50 billion bet on offshore wind after sidestepping a perfect storm of low power prices and cost inflation that forced many competitors to walk away. Corio Generation Ltd., the fully owned offshore wind unit of the Australian financial giant, along with partners including TotalEnergies SE, plans to... Continue Reading →
(OW) Danish wind turbine maker Vestas has completed the first local hub-nacelle assembly and testing of the V174 offshore wind turbine nacelle at its factory in Taichung Port, Taiwan. Following the complete local assembly of hub components in 2023, Vestas has, for the first time, accomplished the merging and testing of nacelles and hubs in... Continue Reading →
The Huan Ya offshore wind project, being developed by Taiya Renewable Energy, has received preliminary approval of its Environmental Impact Assessment (EIA). The Huan Ya offshore wind project will be located off the coast of Zhunan Township, Hualien Township, and Tongxiao Township in Miaoli County, Taiwan. The wind farm’s surface area is about 74.08 square... Continue Reading →
(OE) Cadeler and Eneti have officially completed their merger, creating a leading offshore wind installation company. The New York- and Oslo-listed group will be named Cadeler and be headquartered in Copenhagen, Denmark, with offices across the world in Denmark, U.K., U.S., Taiwan, and Japan. Mikkel Gleerup, CEO of Cadeler, said, “This marks a historic moment... Continue Reading →
(Reuters) International energy companies, from Germany's RWE to Spain's Iberdrola, are urging Japan to beef up offshore wind power auctions and make investments more attractive, amid soaring installation costs as competition for suppliers grows worldwide. Although desperate to ease its heavy dependence on energy imports from the Middle East and Russia, Japan is coming late to offshore wind,... Continue Reading →
On the 21st of November, Damen Shipyards signed a contract with Ta San Shang Marine Co. Ltd. (TSSM), a joint venture between Mitsui O.S.K. Lines, Ltd. of Japan, and Ta Tong Marine Co., Ltd. of Taiwan, for the delivery of a Damen CSOV (Construction Service Operation Vessel) 9020. This will be TSSM’s second SOV in... Continue Reading →
Brazil Energy Insight 