Category: Renewables
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Australia’s TCorp invests in Cyan Renewables
Australia’s TCorp invests in Cyan Renewables Fast-expanding offshore wind vessels pureplay Cyan Renewables has secured backing from Australia’s TCorp. The funding arm of Australia’s most populous state, New South Wales, said it had acquired an interest in Cyan with an initial investment of over $100m, with plans for further cash injections to support the Singapore-based…
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COP29’s trillion-dollar net zero battle: Needs, wants, and reality of global energy scene run by oil & gas
COP29’s trillion-dollar net zero battle: Needs, wants, and reality of global energy scene run by oil & gas Many proponents of taking a stronger stance on global climate action are hoping for a pivotal shift in the final text of the 29th Conference of the Parties (COP29), which will turn the tide once and for…
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OEG Renewables seals five-year bareboat deal for CTV newbuild
OEG Renewables seals five-year bareboat deal for CTV newbuild OEG Renewables, part of Aberdeen-based offshore contractor OEG Energy, has moved to further bolster its offshore wind support fleet with a crew transfer vessel newbuild from Diverse Marine. The company has struck a deal with the shipbuilder on the Isle of Wight to bareboat charter a…
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Glomar secures multi-year vessel contract from TenneT
Glomar secures multi-year vessel contract from TenneT Dutch offshore support vessel player Glomar has revealed a multi-year vessel framework contract with Dutch-German transmission system operator TenneT. The deal covers the provision of fully equipped emergency response and rescue vessels (ERRVs) and safety standby vessels (SSVs) in the German sector of the North Sea. “This collaboration…
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Vårgrønn seals German offshore wind entry
Vårgrønn seals German offshore wind entry Vårgrønn, a joint venture between Eni’s Plenitude and HitecVision has acquired a 27.4% stake in the operational 288 MW Baltic 2 offshore wind farm from PGGM Infrastructure Fund. The wind farm sits in the German Baltic Sea, 32 km north of the Island of Rügen, and started operation in…
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Seaway 7 wins cabling work on East Anglia Two offshore wind farm
Seaway 7 wins cabling work on East Anglia Two offshore wind farm Seaway 7, the renewables unit of Oslo-listed Subsea 7, has won a contract from ScottishPower Renewables for the transport and installation of the inter-array cables of the East Anglia Two offshore wind project. ScottishPower Renewables’ £4bn ($5.16bn) East Anglia Two offshore wind farm…
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MPC Capital and O.S. Energy to build next-gen OSV fleet
MPC Capital and O.S. Energy to build next-gen OSV fleet Hamburg-based asset and investment manager MPC Capital and offshore service provider O.S. Energy have teamed up to build a fleet of next-generation offshore service vessels. These purpose-built offshore survey and service vessels (OSSV) will be used primarily in the offshore wind industry in the North…
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Cadeler seals UK offshore wind deal
Cadeler seals UK offshore wind deal Copenhagen-headquartered offshore wind vessels player Cadeler has inked a firm deal with ScottishPower Renewables to transport and install wind turbine generators and foundations for the East Anglia Two project off the coast of the UK. The BW Group and Scorpio-backed owner and operator said the contract is worth between…
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TechnipFMC and Prysmian link up on floating offshore wind
New York-listed subsea player TechnipFMC and Italian cabling giant Prysmian have joined forces to work together on global floating offshore wind projects. A collaboration agreement will see the two companies aim to pioneer a subsea water column solution “from seabed to ocean surface”, joining TechnipFMC’s design and integration capacities with Prysmian’s submarine power cable systems.…
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RWE gets final clearance to build Denmark’s largest offshore wind farm
The Danish Energy Agency has granted German utility RWE the offshore construction permit for the Thor offshore wind farm, Denmark’s largest to date. RWE now has all permits in place to start offshore construction work in spring 2025. With a planned capacity of more than 1,000MW, Thor will be able to produce enough green electricity…