Oilfield services firm Archer has entered into an agreement with Remold Invest to fully acquire the floating offshore wind solutions provider Moreld Ocean Wind (MOW), including a minority stake in U.S.-French technology company Ocergy (OCY)…
Examining similarities and differences between the deepwater oil & gas and the emerging floating wind segment.There has been much excitement around the potential for the offshore wind industry to access deeper water sites through the deployment of floating wind technology…
American Bureau of Shipping (ABS) and Dutch company FibreMax have signed an agreement to collaborate on stiffness-driven mooring tendons for the floating offshore wind market.The collaboration, which is principally focused on floating offshore wind assets…
Denmark-based renewable energy technology developer Floating Power Plant has acquired wind turbine generator from Siemens Gamesa for its flagship floating wind, wave, and green hydrogen hybrid offshore platform.The selected wind turbine, a 4…
NextFloat+ project, being developed by X1 Wind, Technip Energies and NextFloat Plus, has received a multi-million-dollar grant from the European Commission’s Innovation Fund to accelerate deployment of X1 Wind’s 6 MW pre-commercial floating wind platform…
Floating wind startup Aikido Technologies announced the close of its over-subscribed $4 million Series Seed investment round. The financing was led by Azolla Ventures with participation from Propeller Ventures, Sabanci Climate Ventures, Cisco Foundation…
Enova, owned by the Norwegian Ministry of Climate and Environment, has launched a support program for floating wind projects which can be awarded up to $188 million (€175 million) in funding assistance.Enova’s support for wind started with the development of onshore wind power…