Aberdeen’s OEG acquires Dutch subsea and topside services firm Bluestream Offshore
Aberdeen's OEG Energy Group makes fifth acquisition of 2023 as it continues renewables expansion push.
Aberdeen's OEG Energy Group makes fifth acquisition of 2023 as it continues renewables expansion push.
Seven consortia have submitted applications as part of Norway’s first offshore wind leasing auction, with strong interest from North Sea oil and gas majors.
Orsted A/S (CPH: ORSTED) has withdrawn from a partnership developing offshore wind projects in Norway as the company grapples with big losses resulting from rising costs.
Danish start-up Continuum has developed a world-first method of recycling wind turbine blades into composite building materials, and the company could potentially base its first factory in Scotland.
Norwegian energy firm DNV has completed the first phase of its joint industry project (JIP) aimed at establishing offshore substation standards for the growing floating wind sector.
Vattenfall has awarded a NOK 6 billion (£438 million) contract to Aker Solutions for work on a 1.4 GW wind farm project under development off the coast of Norfolk.
Danish wind turbine manufacturer Vestas (DKK: VWS) has announced a return to profitability as it released its 2023 third quarter results.
Orsted A/S (CPH: ORSTED) shares slumped to their lowest level in six years after the Danish utility dropped two US wind projects and recorded 28.4 billion kroner ($4 billion) in impairments as the crisis in the wind industry is only getting worse.
As the German government scrambles to prop up Siemens Energy AG, another major European wind firm faces its own moment of truth after warning of billions of euros in writedowns.
A report by the Global Underwater Hub (GUH) released today has emphasised the strength of the UK supply chain but warns a continuing lack of project surety is impeding necessary investment.
The European Union launched a wind power package on Tuesday to counter the growing influence of China and spur its own industry, as the bloc focuses more firmly on China as the biggest threat to its clean-tech industry.
(Bloomberg) - The best option for Sweden to mitigate a power crunch in the second half of this decade is to speed up approvals for offshore wind parks, said an executive with Orsted A/S, the world’s biggest developer of those sites.
The European Union will pledge to prop up its wind industry in the face of toughening global competition, supply-chain bottlenecks and financing concerns to ensure that the bloc can meet ambitious climate and sustainable growth plans.
The bid deadline for the Utsira Nord offshore wind zone has been delayed to 2024, while the deadline for Sørlige Nordsjø II has also been pushed back due to changes in the bidding criteria.
OEG chief executive officer John Heiton said the company is targeting up to 12 acquisitions in the offshore wind sector.
“BP is paying half a billion pounds per year” on its 3 GW commitment. “It will take not less than six years, although they say it will take four. No project has been developed that fast,” Gorski said.
The chief executive officer of Norwegian renewable energy company Statkraft has stepped down after 14 years in the position.
The European Union is planning to unveil measures to help its ailing wind sector next month, after supply-chain bottlenecks and higher financing costs have put a brake on projects.
A new study will determine the potential for shared floating platforms used by offshore wind and wave energy devices.
The Norwegian government has announced plans to assess the opening of three new offshore wind areas which could be available for tender from 2025.
Aberdeen’s floating wind crown has been passed to Norway today as the world’s largest project, Hywind Tampen, officially opens.
RWE has designated DeepOcean as a preferred supplier for subsea installation services at the Nordseecluster A offshore wind development.
A pragmatic approach based on alliances with established European contractors is the best way to learn quickly.
Ireland has officially launched its Maritime Area Regulatory Authority (MARA), alongside a plan to open an area for renewables development off the republic’s southern coast.
TotalEnergies and BP were awarded rights for 7GW worth of offshore wind concessions in German waters, paying more than €12bn to secure the areas.