June 22, 2024 –As offshore wind installations gather pace worldwide, Europe is set to see a significant surge in demand for offshore substations, with a total investment of $20 billion required to install 137 substations by 2030. According to Rystad Energy research, over 120 of these facilities will be installed between 2024 and 2030, at a…
North Star has announced a significant financial boost with up to £425 million in new debt investment to expand its fleet and reinforce its leadership in Europe’s offshore wind sector. This funding will facilitate the addition of 40 hybrid service operation vessels (SOVs) by 2040, marking a substantial leap towards the company’s goal of becoming…
Vestas Wind Systems A/S has announced a conditional agreement to supply turbines for a substantial offshore wind power project in Northern Europe, with a total capacity exceeding 1 GW. This large-scale project will be developed in two construction phases. The agreement, if confirmed and made unconditional, will be disclosed in line with Vestas’ disclosure policy….
The European Union has opened a formal investigation to determine if Chinese wind turbine manufacturers are benefiting from unfair government support. This probe, announced by Margrethe Vestager, European Commission executive vice-president, focuses specifically on wind farm developments within five EU nations: Spain, Greece, France, Romania, and Bulgaria. The European Commission is concerned that government subsidies…