New studies leveraging conceptual designs of offshore wind turbines point to how their drivetrains could change in the near future to produce more power while lowering costs, according to a new journal article by the U.S. Department of Energy’s…
Denmark's Orsted, the world's No. 1 offshore wind farm developer, said on Wednesday it anticipates impairments of up to 5 billion Danish crowns ($729.78 million) on its U.S. portfolio, as there is an increasing risk in its suppliers' ability to deliver on their commitments…
Only one of three available areas was sold during the United States' first ever offshore wind lease sale in the Gulf of Mexico on Tuesday.The auction, held by the Interior Department's Bureau of Ocean Energy Management (BOEM) offered up three sites for offshore wind development…
The fossil fuel price crisis has accelerated the competitiveness of renewable power, according to the International Renewable Energy Agency (IRENA). Around 86% (187GW) of all the newly commissioned renewable capacity in 2022 had lower costs than fossil fuel-fired electricity…
Cadeler A/S published its interim financial report for the first half of 2023 presenting a positive result exceeding the guidance projected for the fiscal year 2023. Revenue in the first six months of 2023 was EUR 68 million, which is an increase of 57% against the same period last year…
Norwegian Offshore Wind has signed an MoU with The Polish Investment and Trade Agency, aiming to boost offshore wind collaboration between the two countries.“These two markets have different strengths within offshore wind, and we therefore have…
Maersk Supply Service has announced that it will focus on scale and competitiveness in two core business areas: offshore wind and offshore support vessels.By focusing on fewer business areas and regions, the company says it will increase its presence in core markets…
Danish partners ESVAGT and Hvide Sande Shipyard are collaborating to create larger and stronger transfer boats, with room to transport more technicians and cargo for the offshore wind industry.Many years ago, ESVAGT introduced safe transfer…
The U.S. Gulf Coast region, the nation's primary offshore source of oil and gas, has cheap electricity and lacks state mandates for renewable energy procurement, making it an unlikely place to expand one of the most expensive forms of clean energy…
State-backed export credit agency Export Finance Norway (Eksfin) has provided loan guarantee financing to Spanish energy company Iberdrola, a transaction that supports Norwegian exporters’ participation in the East Anglia Three wind park project in the UK…
Danish offshore charging solutions company Stillstrom has signed an MoU with UK offshore support vessel operator North Star to accelerate the adoption of offshore charging and vessel electrification technologies for service operation vessels (SOVs) in the offshore wind sector…
As the pace of offshore wind installation accelerates globally, all eyes turn to tools and techniques that will enable efficient installation and lifecycle protection of offshore wind towers. Balmoral, with decades of experience protection offshore oil and gas infrastructure…
Hellenic Cables announced it has been awarded an EPCI contract for the grid interconnection of the Western Offshore Substation of Gennaker Offshore Wind Farm in the Baltic Sea, off Germany.Hellenic Cables, the cables segment of Cenergy Holdings…
Morgan Stanley's infrastructure investment arm is teaming up with U.S. maritime, energy and logistics solutions company Crowley to advance offshore wind energy solutions for the United States.Investment funds managed by Morgan Stanley Infrastructure Partners (MSIP)…
A recent pilot project has verified the application of autonomous surface and subsea platforms for operations and maintenance (O&M) at the Deutsche Bucht Offshore Wind Farm, located in the German North Sea.The July 2023 project was commissioned…
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