With the conclusion of a five-year contract for the Hai Long offshore wind project, one of Taiwan's largest offshore wind farm, DWT and its subsidiary, OutSmart, were awarded another contract in July 2025. The scope of the contract includes continuous system monitoring, fault management, and grid operation monitoring of the wind farm. This makes DWT the largest independent service provider in Taiwan. The Hai Long project increases the system capacity monitored by OutSmart at its Control Center in Emden to a ...

Core Viewpoint - BP and JERA have decided to discontinue their joint offshore wind venture, JERA Nex bp, in the US due to significant political pushback and challenges in the offshore wind sector [1][2][3]. Group 1: Project Details - The planned 2.5 gigawatt (GW) Beacon wind farm off Massachusetts is directly impacted by the decision to cease operations [1]. - The joint venture, JERA Nex bp, was established in December 2024 and officially launched in August 2025, with a combined net potential generating capacity of 13GW [3][4]. - The venture includes 1GW of installed net generating capacity, a development pipeline of 7.5GW, and secured leases amounting to 4.5GW [4]. Group 2: Challenges Faced - The US offshore wind industry is experiencing significant challenges, including supply chain disruptions, inflation, and political risks, particularly for projects in federal waters [2]. - The current political environment under President Donald Trump has led to a halt in several offshore wind projects, creating uncertainty for future developments [1][2]. Group 3: Future Plans - Despite ceasing operations, JERA Nex bp will retain lease rights for the Beacon project and will monitor the situation for a more favorable time to restart development [3].

NYK has entered into a long-term time-charter agreement for an offshore wind crew transfer vessel (CTV) with Oga Katagami Akita Offshore Green Energy LLC, a joint venture established by JERA Nex bp Japan LLC, Electric Power Development Co., Ltd, Tohoku Electric Power Co., Inc., and Itochu Corp.The vessel will be built by Kosaba Shipbuilding Co., Ltd in Kamaishi City, Iwate Prefecture, and will operate along the coasts of Oga, Katagami, and Akita, engaging in Japan’s first offshore wind project in general se ...

DEME has taken delivery of its new wind turbine installation vessel Norse Wind at the CIMC Raffles Shipyard. Designed to install the next generation of offshore wind turbines, the vessel combines advanced technology and sustainable design features to offer unrivalled installation capability. Attachment P2025 DEME Delivery Norse Wind 20251016 ENG ...

Core Insights - The offshore wind sector is facing significant challenges, leading to project cancellations and strategic restructuring among major companies [1][3][6] Group 1: Project Cancellations and Financial Impacts - Ørsted canceled the construction of a wind turbine installation vessel for the Hornsea 4 offshore wind farm, paying $110 million in compensation due to rising costs and construction risks [1] - Equinor abandoned its plans to invest in Vietnam's offshore wind sector, marking a significant setback for the country's green energy ambitions [2] - Cadeler upgraded its 2025 revenue forecast to EUR 588 million to EUR 628 million, boosted by termination compensation [4] - Seatrium's contract with Maersk Offshore Wind, valued at $475 million, was terminated, leading to a nearly 15% drop in its shares [5] Group 2: Market Dynamics and Growth Projections - The global offshore wind sector is experiencing supply chain constraints and policy volatility, which are hindering growth [3] - The U.S. offshore wind sector is facing policy headwinds, with the Trump administration canceling approximately $679 million in project funding [7] - Europe remains the largest offshore wind market, accounting for 92% of the floating offshore wind market, while the Asia-Pacific region is projected to grow at a 156% CAGR through 2030 [7]

Core Viewpoint - Ming Yang Smart Energy is establishing the UK's first fully integrated offshore wind turbine manufacturing facility in Scotland, with an investment of up to £1.5 billion and the creation of 1,500 jobs, potentially increasing to 3,000 in later phases [1][2][6] Group 1: Project Overview - The project is considering various sites in Scotland, with Ardersier Port as the preferred location, representing one of the largest industrial clean energy investments in the UK [2] - The facility will repurpose existing oil and gas infrastructure, facilitating a "just transition" for workers moving into the renewable energy sector [2] Group 2: Strategic Importance - Ming Yang accounted for 31.3% of global new offshore wind capacity in 2024, and the facility will anchor key parts of the offshore wind supply chain in Britain [3] - The facility will produce turbines for both UK and export markets, positioning Scotland as a strategic base for Ming Yang's European operations [3] Group 3: Technological Advancements - The "Ocean X" 16.6 MW dual-rotor floating turbine, the largest of its kind, could reduce offshore wind costs by up to 30%, potentially lowering household energy bills [3] Group 4: Government Engagement - Ming Yang is in discussions with UK and Scottish Governments, Great British Energy, and other financial institutions, with plans subject to final UK government approval [4] Group 5: Strategic Partnerships - The announcement follows a strategic partnership with Octopus Energy to deploy affordable offshore wind capacity and integrate advanced software solutions [5] Group 6: Project Phases - Phase 1 involves up to £750 million for a nacelle and blade manufacturing plant, with production starting in late 2028 [6] - Phase 2 will expand to support floating offshore wind technology at scale in UK waters [6] - Phase 3 aims to create an industrial ecosystem for producing control systems, electronics, and other key components [6]

Shipbuilder Seatrium said Denmark's Maersk terminated a $475 million contract for a nearly finished offshore wind vessel that was intended to work on a project off the coast of New York. ...

AB “Ignitis grupė” (hereinafter – the Group) informs that following the National Energy Regulatory Council’s (hereinafter – NERC) approval on 10 October, UAB “Ignitis renewables” (hereinafter – Ignitis Renewables) has signed a sale and purchase agreement with OW Offshore, S.L. (hereinafter – Ocean Winds) for the acquisition of 49% shares in UAB “Offshore wind farm 1”, the company developing the Curonian Nord offshore wind project. The application to change the shareholder structure was submitted to NERC by ...

Faced with numerous headwinds, Ørsted will slash its workforce numbers by 2,000 by 2027, eliminating a quarter of its current roles, the world’s largest offshore wind developer said on Thursday. Fresh off its $9.35 billion rights issue to raise funds from existing shareholders, Ørsted announced today it is taking another step in the execution of its strategic priorities by reducing its organization by about 2,000 positions by the end of 2027.?? The company will slash jobs as it will focus more on Europe ...

Ørsted has raised DKr59.56bn ($9.35bn) through a rights issue to strengthen its capital structure and support ongoing projects. This rights issue allowed existing shareholders, including the Danish state, which holds a 50.1% stake, and new investors with acquired pre-emptive rights, to subscribe to new shares. The Danish offshore wind company issued the new shares at a subscription ratio of 15:7 and a price of DKr66.60 per share. Existing shareholders or new investors with pre-emptive rights have subscr ...