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Today, Ørsted’s Board of Directors approved the annual report for 2024. Rasmus Errboe, Group President and CEO of Ørsted, says: “We are pleased with our operational performance and financials results, where we ended the year in line with our updated expectations. Furthermore, we successfully renegotiated and settled contracts related to the close-down of Ocean Wind… Read More
When it comes to floating offshore wind, Norway and Japan are an ideal match for business collaboration. While Norway is the global leader in floating wind energy, Japan has high ambitions to develop its own floating offshore wind industry. “With unique expertise in marine operations, Norwegian companies are ideally suited to help Japan develop its… Read More
Rotterdam, The Netherlands, 6 February 2025 – Van Oord’s heavy lift installation vessel Svanen has successfully installed the first monopile at the Baltic Power offshore wind farm, located 23 kilometres north of the Polish coast. The wind farm features the new generation of wind turbines, with a generating capacity of 15 megawatts. After a recent… Read More
Louis Dreyfus Armateurs’ subsidiary LD Tide has won a contract to supply a crew transfer vessel for the French offshore wind project Îles d’Yeu and Noirmoutier. LD Tide will supply the 24-passenger vessel for operations and maintenance services at the Eoliennes en Mer des Îles d’Yeu et de Noirmoutier (EMYN) project. The 488MW offshore wind… Read More
Highlights President Donald Trump’s Wind Energy executive order (EO) indefinitely withdraws all areas of the Outer Continental Shelf (OCS) from any new or renewed wind energy leasing activity. Though existing offshore wind leases remain valid, they are subject to review with the possibility of terminating or amending those leases. Federal agencies cannot issue new approvals,… Read More
Germany is likely to reach its target of having a total offshore wind electricity capacity of 30 gigawatt (GW) in 2031, one year later than planned, said several industry groups in a joint press release. But the target for 2035 of at least 40 GW is on course to be met one year earlier if the government can create planning… Read More
The end of a project in New Jersey “plays right into the hands of Donald Trump.” Blue states spent the last four years one-upping each other with bigger and bigger plans to build offshore wind farms that could power the nation into the future. Now, just three weeks into Donald Trump’s presidency, the question is:… Read More
Strategic Expansion into Global Offshore Wind Market with Major Projects Like Anma and Taean LS Marine Solution, a key player in South Korea’s marine engineering and construction sector, has reported significant financial growth, driven by its involvement in the Jeonnam Offshore Wind Power Phase 1 project. The company announced on Feb. 3 that it recorded… Read More
A simple legal strategy could spell the end of the fledging industry, but it may also backfire Offshore wind is a fledgling industry in the U.S. — one that, until last week, was poised for renewal after a slew of cancelled projects. The Biden administration had set a goal of deploying 30 gigawatts of projects by 2030… Read More
Ørsted has set new 2030 climate targets to enhance visibility on the actions needed to reach its science based 2040 net-zero target. The 2030 targets, which cover the full value chain emissions (scope 1-3) and align with the 1.5C pathway, have now been formally approved by the Science Based Targets initiative (SBTi). Ørsted was the… Read More
Once fully operational, the Nordlicht 1 and 2 wind farms are expected to provide 1.7 million German households with green energy. With this new contract, Jan De Nul now has six subsea cable projects for offshore wind energy lined up in Germany. 1.7 million German households The Nordlicht wind park zone is located 85 kilometres… Read More
Ørsted and PGE have taken final investment decision (FID) on the 1.5 GW Baltica 2 Offshore Wind Farm, which will be built, owned and operated in a 50/50 partnership between Ørsted and Poland’s largest energy company PGE Polska Grupa Energetyczna. Baltica 2, which will be located approx. 40 km off the Polish coast near Ustka,… Read More
In the first serious fallout from President Trump’s early actions against offshore wind power, oil and gas giant Shell is walking away from a major project off the coast of New Jersey. Shell told The Associated Press it is writing off the project, citing increased competition, delays and a changing market. “Naturally we also take regulatory context into… Read More
HIGHLIGHTS Plans to replace with new 2-3 GW tender offering subsidies Follows failed 3-GW offshore wind auction late 2024 Vows to start hydrogen pipeline exports to Germany by 2030 The Danish government is to redraw the country’s offshore wind framework, pledging to cancel an ongoing 3-GW auction and replace it with a new process at… Read More
Today, Cadeler announces the successful delivery of its latest jack-up wind turbine installation vessel, Wind Maker, marking another significant milestone in the company’s strategic fleet expansion. Delivered safely and within budget, Wind Maker becomes the sixth vessel in Cadeler’s growing portfolio of wind installation vessels. Cadeler, the global leader in offshore wind installation, operations, and… Read More