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(OE) German utility RWE on Thursday said it would acquire three offshore wind projects off the English coast from Sweden's Vattenfall in a deal that values the assets at 963 million pounds ($1.2 billion). The UK Norfolk Offshore Wind Zone portfolio consists of three 1.4 gigawatt projects, RWE said. The transaction was expected to close... 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 →
(OW) Ørsted has taken the final investment decision (FID) on what the company says is the world’s single largest offshore wind farm, the 2.9 GW Hornsea 3, which is expected to be completed around the end of 2027. In July 2022, Ørsted was awarded a contract for difference (CfD) for Hornsea 3 at an inflation-indexed strike price of GBP... Continue Reading →
(OW) Vattenfall has signed agreements with Vestas for three large-scale offshore wind projects in the Norfolk Zone, UK, where the developer plans to use the new V236-15 MW wind turbines. This marks a switch in the wind turbine model planned for the projects as the developer first named Siemens Gamesa as the preferred supplier in... Continue Reading →
Jesper Skjong, Contributor (OE) As 2023 is drawing to a close we would once again invite the readers of Offshore Engineer Magazine to gaze into our crystal ball to see what 2024 might have in store for the offshore support vessel industry. Before diving straight into our forward-looking sentiments however, it is important to address some... Continue Reading →
(OE) Despite short-term obstacles driven by high inflation and interest rates coupled with supply chain issues, we maintain that the foundations supporting long-term offshore wind activity remain solid. As we prepare for the new year, let us look at 10 factors that will shape the offshore wind sector in 2024. 1. A Continuously Dynamic Energy... Continue Reading →
(OW) OEG Energy Group (OEG) has signed a Sale and Purchase Agreement (SPA) to acquire Dutch subsea and topside services specialist Bluestream Offshore. The acquisition is expected to increase OEG’s subsea and topside capabilities while expanding its operating footprint to be able to pursue further opportunities in the growing offshore renewable industry. Bluestream has a... Continue Reading →
The Crown Estate has revealed details of a new leasing round, known as Round 5, for three commercial-scale floating wind projects in the Celtic Sea. Located off the coast of South Wales and South West England, the sites will have a combined capacity of up to 4.5 GW, enough to supply four million homes with... Continue Reading →
(OP) Spain’s Iberdrola and the UAE’s Masdar agreed on Tuesday to form a strategic partnership looking to invest $16.2 billion (15 billion euros) in offshore wind and hydrogen in major markets including the U.S., the UK, and Germany. Iberdrola, a utility giant with 41 gigawatts (GW) of renewables in operation, and the UAE’s clean energy developer Masdar... Continue Reading →
(Reuters) - Governments have decided to pay up to revive offshore wind farm developments after rising costs put at risk multiple projects that are needed to help them cut emissions and reach climate targets. Many countries are relying on a huge and rapid build-out of offshore wind farms which have high upfront costs but over... Continue Reading →
Brazil Energy Insight 