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DEME has been awarded two contracts1 for the transport and installation of 112 foundations at the Nordlicht 1 and 2 offshore wind farms in Germany. Additionally, DEME also secured the contract for the scour protection at both wind farms. The Nordlicht wind farm zone, 85 km north of Borkum in the German North Sea, comprises… Read More
Today, Ørsted’s Board of Directors has appointed Rasmus Errboe, current Deputy CEO and Chief Commercial Officer, as new Group President and CEO of the company replacing Mads Nipper who will step down from his position as Group President and CEO of Ørsted. Mads Nipper joined Ørsted in January 2021. He will step down as CEO… Read More
Ørsted has once again been ranked the world’s most sustainable energy company and returns to top 10 across all sectors on Corporate Knights’ 2025 Global 100 index, following a year where the company shut down its last coal-fired heat and power plant and built more renewable energy than ever before. Ørsted was ranked the world’s… Read More
OFFSHORE WIND: Maine’s plans to develop a floating offshore wind industry are at a pivotal point, as researchers refine equipment and wait for regulatory approval to sell power generated by a planned test array. (Maine Monitor) ALSO: Maryland regulators approve a request to increase the amount of power produced by a planned wind farm off the Maryland and Delaware coast. (WBOC) CLIMATE: … Read More
SEAONICS signed contract to supply five ECMC Gangways and five ECMC 3D Cranes for a series of newbuild offshore vessels under construction at VARD’s shipyard in Vietnam, according to the company’s release. The equipment will enhance the vessels’ capabilities to provide maintenance, supply, and operational services to offshore oil-and-gas installations, ensuring safer and more efficient… Read More
Over 64% of manufacturing and supply-chain investment supporting the emerging industry is in Republican districts, per new data. Three days before President Trump took office, an undersea-cable company abandoned plans to build a plant that would employ up to 350 people in Somerset, Massachusetts. Media outlets were quick to spotlight the loss as a specter of what’s to come for the offshore wind… Read More
Singapore shipyard group Seatrium has been awarded a contract from Japan-based Penta-Ocean Construction (POC) to construct a heavy lift vessel set to operate in the Japanese offshore wind market. This will be the fifth and largest vessel to be added to POC’s fleet, enabling them to undertake larger wind turbine projects. The vessel will be… Read More
U.S. President Donald Trump suspended new federal offshore wind leasing on his first day back in the Oval Office on Jan. 20, pending an environmental and economic review. On the same day, Danish energy company Orsted (ORSTED.CO), opens new tab, the world’s biggest offshore wind firm, posted another impairment charge on delays to a U.S. offshore project. Those are… Read More
In summary The president’s order has no immediate effect on offshore wind leases already authorized, including two large areas off California’s coast. But it sends a current of uncertainty through the fledgling renewable energy industry, which relies on federal and state support. President Donald Trump’s ban on new offshore wind leases won’t halt giant wind… Read More
One of the hundreds of executive orders signed by President Donald Trump on his first day in office leaves the future of wind energy in North Carolina and off its coast in limbo. Monday, Trump signed an executive order that prevents new leases on the entire Outer Continental Shelf until the order is revoked. It also prevents… Read More
The president’s social media broadsides represent a big risk for Atlantic Shores, the only active project with a federal permit to build turbines off the state’s coast. President Donald Trump took aim Thursday at offshore wind development in New Jersey, writing in a post on his social media network that the state faced “a large… Read More
Maine has a fleeting chance to get back in the race in 2025, despite President Trump’s antipathy. News reports last week detailed President Donald Trump’s efforts to derail offshore wind energy in the United States. But in an undisclosed location in Trenton, contractors are putting the finishing touches on a 375-ton concrete structure aimed at… Read More
Ørsted presents an operating profit (EBITDA) for 2024 based on preliminary and unaudited reporting. EBITDA excluding new partnership agreements and cancellation fees is expected to total DKK 24.8 billion in 2024, in line with the latest guidance. The operational earnings from Offshore and Onshore were the main contributors and delivered in line with our expectations…. Read More
The orders pause wind lease sales and permitting on federal lands while taking steps to accelerate other forms of energy production. Dive Brief: President Donald Trump began his second term Monday with a bevy of executive orders, including one that temporarily withdraws all federal waters from consideration for offshore wind leasing, and pauses permitting, approvals and… Read More
The Italian company seeking to build a cable manufacturing plant at Brayton Point in Somerset, Massachusetts, pulled the plug on the $300 million project Friday, dealing a major blow to offshore wind development on the East Coast as well as the economic prospects of the small South Coast town. The Prysmian Group spent nearly three… Read More