politics & business

Memorandum of Understanding covers investigations on several Korea-focused fronts including construction of new Korean production facilities. Non-binding agreement envisioned as paving the way towards expanding Korean offshore wind industry.

Cadeler A/S, a key supplier within the offshore wind industry, has signed a firm contract with Siemens Gamesa to provide the transportation and installation of a total of 60 Siemens Gamesa SG 14-222 DD offshore wind turbines (WTGs) for the Moray West offshore wind farm off the coast of Scotland. This will be the first time that these 14MW offshore wind turbines will be installed on a commercial scale.

Norwind Offshore has entered into an agreement with Navigare Capital Partners for an issue of shares in the company.

Belfast-based construction supply business soars by 40% after acquiring the European rights to distribute “filter units” for use in offshore marine and civil engineering works.

Strohm, the world's first and leading manufacturer of fully bonded, Thermoplastic Composite Pipe (TCP), has signed a memorandum of understanding (MOU) with Siemens Gamesa Renewable Energy, the global market leader in offshore wind.

Farstad, Volstad and Kleven are combining forces to establish the ship-owning company Norwind Offshore. The company will offer specialised vessels designed specifically for advanced maritime operations in the development and service of the offshore wind sector. Norwind Offshore has entered into a contract with Vard for the delivery of three vessels by 2024 - with options for two more vessels in 2025. The first vessel is due to be delivered in 2022.

The special topic of this year's HUSUM Wind from 14-17 September 2021 will be wind hydrogen, the currently most important trend topic in the wind economy and industry. A dynamically growing hydrogen economy is developing in Europe and the UK; wind energy, and especially offshore wind, is the central driver for this.

Sustainable use of the oceans is one of the focal topics at SMM Digital. At the Offshore Dialogue online conference on 2 February, international experts will discuss current trends in the offshore wind farms segment, technical challenges facing tidal and wave energy conversion, and innovative ocean monitoring technologies.

Edda Wind, the offshore wind segment of the Østensjø Group, has signed long term time charter
agreements with MHI Vestas and Ocean Breeze Energy respectively for two of the four offshore
wind vessels ordered from Spanish yards.

The change of model towards clean energy accelerated commercial activity, as strong order intake in Q1 FY 2020 (+82% YoY) boosted the order book to €28,089m. Sales stood at €2,001m and the balance sheet remains sound, with €175m in net cash. Despite good long-term prospects, the complex situation in the industry and extraordinary costs in executing five onshore projects located in Northern Europe had a negative impact on profitability.