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Ørsted, the global leader in offshore wind, has signed an agreement with Copenhagen Infrastructure Partners (CIP), through its fifth flagship fund, Copenhagen Infrastructure V (CI V), to divest its entire European onshore business. The total value of the transaction is EUR 1.44 billion (DKK 10.7 billion) with expected closing in Q2 2026, subject to regulatory… Read More
Today, the U.S. District Court for the District of Columbia granted the preliminary injunction sought by Sunrise Wind LLC (‘Sunrise Wind’) regarding the 22 December 2025 suspension order issued by the Director of the Department of the Interior’s Bureau of Ocean Energy Management (‘BOEM’). The court’s action will allow the Sunrise Wind Project (the ‘Project’)… Read More
Washington, DC: Today, Judge Royce Lamberth ruled that Sunrise Wind, aimed at powering 600,000 New York homes, can resume construction. This marks the fifth time in a row that a federal court has allowed one of the five offshore wind projects suspended in December to move forward. Since December, Vineyard Wind off Massachusetts, Revolution Wind off… Read More
The first production wind turbine for the Coastal Virginia Offshore Wind project was installed Jan. 27, less than two weeks after developer Dominion Energy won a temporary injunction against the Trump administration’s stop-work order. Dominion’s 472’x184’ wind turbine installation vessel (WTIV) Charybdis, built at Seatrium’s AmFELS shipyard in Brownsville, Texas, is the first Jones Act-compliant WTIV under the U.S. flag. After the… Read More
HOUSTON, Feb. 1, 2026 /PRNewswire/ — McDermott has been awarded a decommissioning definition engineering contract by QatarEnergy for the State of Qatar’s inaugural offshore decommissioning initiative. Under the contract scope, McDermott will develop a comprehensive technical and commercial framework and conduct detailed techno-economic studies to ensure the safe and systematic retirement and removal of 27 aging offshore platforms. This encompasses… Read More
What do our fabrication managers do? We asked Olga Alieksieienko. At Baltica 2 in Poland, Olga helps to deliver 1.5 GW by the end of 2027. But before any component is installed in the Baltic Sea this spring, it must go through a thorough inspection process to confirm that it meets our strict requirements for quality and safety. That’s… Read More
By Nate Delesline III, The Virginian-Pilot The cost of Dominion Energy’s Coastal Virginia Offshore Wind project has risen by roughly $300 million. “Estimated total project costs for CVOW, inclusive of contingency and excluding financing costs, have increased from approximately $11.2 billion to approximately $11.5 billion,” Dominion said in a Friday regulatory filing. The utility said… Read More
By Andrew Follett Virginia Democrats want to quintuple their state’s offshore wind power and greatly accelerate its construction timeline. What they fail to see — or admit — is that this approach would pose a huge risk to American national security. In January, Democrats in the Virginia State House proposed House Bill 920, expanding offshore wind power… Read More
A marine licence has been granted to a pioneering marine restoration initiative led by Newcastle University and the Marine Biological Association to revive native kelp beds along England’s northeast coast. The Green Gravel Kelp Restoration Project seeks to combat climate change and biodiversity loss by reintroducing juvenile kelp into the ocean using an innovative technique…. Read More
Against the backdrop of strained relations with the United States and ongoing security concerns over potential Russian attacks on European infrastructure, states bordering the North Sea gathered in Germany to announce a major investment plan to boost offshore wind energy production. Industry representatives welcomed the initiative, saying it could help address growing difficulties in securing… Read More
A federal judge has ruled that Vineyard Wind may continue construction on its 62-turbine, $4.5 billion wind farm southwest of Nantucket while a lawsuit challenging the Trump administration’s stop-work order remains pending. Finding that the government failed to “adequately explain or justify the decision to halt construction,” Massachusetts District Court Judge Brian Murphy issued the stay Tuesday,… Read More
AI is about to change healthcare. These 109 stocks are working on everything from early diagnostics to drug discovery. The best part – they are all under $10b in market cap – there’s still time to get in early. What Is Dominion Energy’s Investment Narrative? To own Dominion Energy today, you really have to believe in… Read More
VARD, part of the FINCANTIERI group, has finalized its key contribution to the NuProShip II (Nuclear Propulsion in merchant Shipping) research project: a concept design for a nuclear-powered offshore construction vessel. The study confirms that integrating a small 4th generation nuclear reactor as the primary power source in a DP vessel is technically feasible, while meeting… Read More
The Bureau of Ocean Energy Management today announced the issuance of two Calls for Information and Nominations to solicit industry nominations and public comments on areas of interest for potential offshore oil and gas leasing in Southern California and Central California under President Trump’s 11th National Outer Continental Shelf Oil and Gas Program. Publishing these calls in… Read More
The Joint Offshore Wind Investment Pact for the North Seas is a giant leap towards powering Europe with renewable, reliable, and cost-competitive electricity. With more investment predictability, a de-risked investment framework, and a coordinated build-out plan of up to 15 GW per year in Europe, Ørsted and the offshore wind industry is committed to bringing… Read More