New York State Energy Research and Development Authority (NYSERDA) announced Equinor’s Empire Wind 1 project one of the conditional winners in its fourth offshore wind solicitation round.

DP World has signed a partnership agreement with Abu Dhabi Future Energy Company (Masdar), a global leader in clean energy, to explore and implement renewable energy systems across DP World's global port operations in the Middle East and Africa.

In support of the Biden-Harris administration’s goal of deploying 30 gigawatts of offshore wind energy capacity by 2030, the Bureau of Ocean Energy Management (BOEM) announced its approval of Empire Wind’s Construction and Operations Plan (COP), which authorizes construction and operation of the wind energy project offshore. This is the project’s final approval from BOEM, following the agency’s Record of Decision approving the project in November 2023.

Cadeler has signed a contract with Ørsted and PGE Polska Grupa Energetyczna (PGE) for the transport and installation of 14 MW Wind Turbines supplied by Siemens Gamesa Renewable Energy. Baltica 2 is one of two stages of the Baltica Offshore Wind Farm. PGE and Ørsted plan to deliver Baltica 2 of 1.5 GW capacity by the end of 2027. The contract underlines Cadeler’s strong entry into the Polish market.

Odfjell Oceanwind, together with the leading automation and manufacturing expert Prodtex, have established a joint venture to address what is expected to become one of the biggest bottlenecks in scaling the floating offshore wind industry: low cost and high-capacity manufacturing of foundations for floating wind turbines. The joint venture is created to establish the production capacity necessary to meet the need for hundreds of floating wind foundations per year in Europa alone and is looking to have its first facility operational by 2027. Recently, the industry veteran Geir Bjørkeli, former CEO of Corvus Energy, has been appointed to head up the venture.

In support of the Biden-Harris administration’s goal of deploying 30 gigawatts of offshore wind energy capacity by 2030, the Bureau of Ocean Energy Management (BOEM) has completed its environmental review of the proposed New England Wind project offshore Massachusetts. BOEM estimates the proposed project would generate up to 2,600 megawatts (MW) of electricity, enough to power more than 900,000 homes with clean, renewable energy.

The offshore wind industry knows it can do better. While its potential is undeniable, challenges remain and acknowledging its shortcomings is crucial for progress. Oceanology International 2024 aims to confront these challenges with a unique series of interactive sessions, “Offshore Wind: We Know it's not Working as Well as it Could be... So Why aren't we Changing?”

ERM, the world’s largest specialist sustainability consultancy, has acted as a technical and environmental, social, and governance advisor to Global Infrastructure Partners (GIP) in its acquisition of Eversource’s 50% stake in two US offshore wind projects: South Fork Wind and Revolution Wind.

Prysmian, world leader in the energy and telecom cable systems industry, has finalized a contract worth around €1.9 billion by Eastern Green Link 2 Limited, a joint venture between SSEN Transmission and National Grid Electricity Transmission plc—the UK electricity transmission network owners. Under the contact, Prysmian will deliver a major HVDC cable system for the Eastern Green Link 2 (EGL2) network development project that shall connect Scotland and England.

Hexicon AB (Hexicon) signed a Sales and Purchase Agreement (SPA) to take full ownership of MunmuBaram Co., Ltd. from its joint venture partner Shell Overseas Investments B.V. Under the agreement, Hexicon AB will increase its stake in the project from 20% to 100%, increasing the project portfolio by 900 MW. Completion of the transaction is subject to regulatory approval.

The start of 2024 marks a period where the readjustment of the US wind segment seemed to become more apparent.

CGG has announced the release of a Southeast Asia Carbon Storage Study to support and accelerate the screening process for all players in the region’s fast-growing CCUS market. This study ranks and prioritizes opportunities at large scale across 58 basins in Indonesia, Malaysia, Thailand and Vietnam, covering a total surface area of over six million km², to help streamline the process for identifying the best basins and plays for potential carbon storage. The study and its associated data are available to license now.

James Fisher and Sons plc (James Fisher, UK) and Tokyo Gas Engineering Solutions (TGES, Japan) owned by Tokyo Gas Group, announced the signing of a Joint Collaboration Agreement (JCA) to provide construction and operations and maintenance (O&M) services.

A funding package has been agreed to secure an estimated £350 m in inward investment for Scotland, based in the Highlands.

DEME Group (DEME) is excited to announce that its offshore installation vessel Orion has successfully installed its first XXL monopile foundation at the Moray West offshore wind farm in Scotland. DEME’s scope includes both the installation of monopiles and transition pieces. Using vibro hammer technology, DEME is minimizing the environmental impact from vibrations.

The US offshore wind industry concluded 2023 with its first commercial scale projects delivering power to the grid, a bright spot amid a difficult year for the industry, according to a new report published by the Oceantic Network. As the leading organization working to advance offshore wind and other ocean renewable industries and their supply chains, the Network today released its 2024 US Offshore Wind Market Report, which analyzes the challenges and successes of the industry over the past year and provides guidance for the year ahead.