Topic
offshore-wind
Commodities Philippines reschedules inaugural offshore wind auction GEA-5 to December 1
The Philippines Department of Energy has rescheduled its first offshore wind auction, GEA-5, to December 1, 2026, after pausing the process on July 4. The auction targets up to 3.3GW of offshore wind capacity, with post-award steps scheduled through June 30, 2027. The DOE estimates the country's offshore wind technical potential exceeds 178GW.
Commodities Taiwan Charts Offshore Wind Growth to 18 GW by 2039 in New Energy Roadmap
Taiwan's Ministry of Economic Affairs released its 2026–2039 Offshore Wind Power Medium- and Long-Term Promotion Plan, targeting total installed capacity between 24.7 GW and 27.9 GW by 2039, up from around 4.9 GW today. The roadmap calls for adding 15-18 GW of new capacity through auctions held every four years, with around 8 GW per round. Installed capacity is projected to reach 18.3-19.9 GW by 2035 and a nearer-term goal of 10.9 GW by 2030. The expansion is driven by rising electricity demand from semiconductor and AI sectors and aims to cut exposure to volatile imported fuel prices.
Commodities Romania Maps Out 11.5GW Offshore Wind Pipeline in Black Sea Draft Decision
Romania has published a draft decision identifying 11 offshore wind concession areas in the Black Sea, with a combined potential capacity of 11.5GW. The plan is divided into three phases, including fixed-bottom and floating wind sites. The government estimates the sector could add €16bn to €27bn to the economy, and feedback is due by July 31.
Commodities L&T and Hitachi Energy consortium secures North Sea offshore wind transmission programme
Larsen & Toubro (L&T), in consortium with Hitachi Energy, has secured a framework cooperation agreement with TenneT for a 2GW offshore wind transmission programme. The deal covers six projects, including two ongoing and two new ones in the Netherlands and Germany, with cumulative capacity of 8GW at 525 kV. L&T will handle offshore converter platforms, while Hitachi Energy provides HVDC Light technology.
Commodities Crown Estate Launches Accelerated Tender for 1.5GW Morgan Offshore Wind Site in Irish Sea
The Crown Estate has launched an accelerated tender for the 1.5GW Morgan offshore wind site in the Irish Sea, following the withdrawal of EnBW and JERA Nex BP. Bidders will compete via a rising-clock auction for a site exclusivity fee, with potential developer selection by end of 2026. The project already has a development consent order from August 2025.
Commodities German Offshore Wind Adds 1.1GW in H1 2026 as Industry Demands Reform
Germany added 1.1GW of offshore wind capacity in the first half of 2026, bringing total installed capacity to 10.8GW. Industry associations, led by BWO, are urging the government to replace the negative bidding system with contracts for difference to improve bankability and attract investment for future projects.
Logistics DEME Wins €150M-€300M Foundation Role on 1GW Zeevonk Offshore Wind Project in Netherlands
Belgian marine contractor DEME has been awarded a substantial contract for the Zeevonk offshore wind project in the Netherlands, covering transport and installation of 69 monopile foundations. The contract, valued between €150 million and €300 million, involves marshalling services, scour protection, and use of specialized vessels including the Orion. Offshore construction is scheduled to start in 2028, subject to final investment decision.
Commodities Study Maps Out Path for Mediterranean Offshore Wind: Regulation and Infrastructure Key
A study by Politecnico di Torino's MOREnergy Lab and WindEurope reveals that floating offshore wind in the Mediterranean requires not just technology but also predictable regulation, scaled infrastructure, grid connections, and community engagement. The research aims to turn the region's wind potential into competitive projects, supporting Europe's energy transition.
Commodities EU Approves €63bn French Offshore Wind Support Scheme for 11 Farms
The European Commission has approved a €63bn ($72bn) French support scheme for offshore wind, backing the construction of 11 wind farms across the North Sea, Atlantic, and Mediterranean. The package will deliver up to 11.1GW of capacity and generate 47.8TWh annually, about 10.6% of France's power consumption.
Logistics Windcat Secures Long-Term Crew Transfer Vessel Contracts with Ørsted for UK Offshore Wind Operations
Windcat, part of CMB.TECH, has signed firm five-year contracts (with optional extensions) to supply seven crew transfer vessels (CTVs) to support Ørsted's offshore wind farm operations based out of Grimsby. The vessels, a mix of four 12-seaters and three 24-seaters, will serve Ørsted’s Generation UK Hub, which operates six offshore wind farms.
Logistics Cadeler secures $282m loan for third A-class offshore wind installation vessel Wind Apex
Cadeler has secured a €247 million ($282 million) senior secured green term loan to finance part of its third A-class newbuild offshore wind installation vessel, Wind Apex. The 12-year facility is backed by Denmark’s Export and Investment Fund (EIFO) and arranged by HSBC Singapore, with a syndicate including KfW IPEX-Bank, Rabobank, and DNB Bank. Two A-class vessels are under construction at COSCO in China, with Wind Ace due in H2 2026 and Wind Apex in Q2 2027.
South Korea's 390MW Shinan-Wi Offshore Wind Project Enters Construction Phase
Korea Midland Power's 390MW Shinan-Wi offshore wind project has moved into construction after closing financing. The $2.26bn project will install 26 15MW turbines, generate 950,000MWh annually, and source substation equipment from domestic companies. Financing includes project debt from KDB and KB Kookmin Bank, plus policy loans from the National Growth Fund and Future Energy Fund.
Commodities Pacifico Energy Korea Signs Local Supply Deal for 3.2 GW Jindo Offshore Wind Cluster
US-based offshore wind developer Pacifico Energy Korea has signed a memorandum of understanding with three offshore wind suppliers in the Gwangyang Bay area to support the 3.2 GW Jindo offshore wind project cluster. The deal aims to strengthen domestic sourcing, support regional industry, and build Gwangyang Bay into a wider offshore wind supply hub.
Marco Polo Marine Secures Multi-Year Siemens Gamesa CSOV Deal for Asia-Pacific Offshore Wind
Singapore-based offshore vessel player Marco Polo Marine has signed a multi-year framework agreement with Siemens Gamesa Renewable Energy for the deployment of two commissioning service operation vessels (CSOVs) in the Asia-Pacific region. The deal, made through Marco Polo Marine’s PKR Offshore unit, covers Siemens Gamesa projects in Taiwan on a non-exclusive basis, with potential work in South Korea and Japan.
Commodities Philippine Department of Energy Suspends 3.3GW Offshore Wind Auction for Recalibration
The Philippine Department of Energy has suspended all activities under the fifth Green Energy Auction round, which was to award incentives for up to 3.3GW of fixed-bottom offshore wind capacity. The suspension allows for recalibration amid port readiness, permitting, environmental costs, and potential supply chain disruptions from the Middle East conflict. Nine companies had passed the initial qualification review out of over 20 bidders.
Commodities Equinor exits Japan offshore wind market, closes Tokyo office by end of 2026
Equinor has decided to end its offshore wind business in Japan and close its Tokyo office by the end of 2026, according to a company statement. The move reflects a reassessment of strategic direction with a strengthened focus on integrated power markets. Equinor stated that Japan remains an important country and that it will continue to invest in relationships in technology, commodities, and supply chain.
Commodities Trump Administration Adds Duke Energy to Offshore Wind Buyout Campaign With $129M Settlement
The US Department of the Interior has reached a settlement agreement with Duke Energy to terminate its offshore wind lease in the Carolina Long Bay area for $129 million, as part of the Trump administration's broader campaign to halt offshore wind projects. Duke will reinvest the funds in new nuclear, natural gas, and grid enhancements. The administration has now spent over $2.6 billion to terminate nine offshore wind leases.
Commodities KHNP-Led Consortium Wins Preferred Bidder Role for 800MW Korean Offshore Wind Project
A consortium led by Korea Hydro & Nuclear Power (KHNP) has been selected as the preferred bidder for the 800MW Jeonbuk Southwestern Offshore Wind Expansion Complex Phase 1 project. The award, announced by Jeonbuk State, puts the group in line to develop the first stage of a 2.4GW offshore wind complex off Buan County. The project is structured as a public-led scheme with public entities required to hold more than half the equity.
Commodities Norwegian Føn Energy Services Wins Multi-Year O&M Deal for Poland's Baltic Power Offshore Wind Farm
Aker-backed Føn Energy Services has secured a multi-year balance-of-plant O&M contract for the 1.2GW Baltic Power offshore wind farm in Poland, the country's first such project. The deal covers subsea asset maintenance and environmental surveys. Local content is expected to exceed 21%, with Polish suppliers already active across the supply chain.
Trade New Zealand Opens Door to Offshore Wind Investment with New Permitting Law
New Zealand's parliament has passed the Offshore Renewable Energy Bill, creating a formal two-stage approval process for offshore wind development. The New Zealand Wind Energy Association says the law provides regulatory certainty and the confidence needed to attract investment into the country's world-class offshore wind resources, particularly in the South Taranaki Bight.
Commodities Kent appointed as owner’s engineer for Buchan floating wind farm in Scotland
Kent has been selected as the owner's engineer for the Buchan floating wind farm in Scotland, a nearly 1GW project located 75 km off Fraserburgh. The appointment includes support from Vekta Group and New Power Partners as the project progresses towards a final investment decision and construction by the end of the decade.
Commodities Skyborn Takes Full Control of Nordergründe Offshore Wind Farm in German North Sea
Skyborn Renewables, a German offshore wind developer owned by BlackRock's Global Infrastructure Partners, has acquired full ownership of the 111MW Nordergründe offshore wind farm in the German North Sea. Previously holding a 30% stake, Skyborn now gains complete control over the asset's optimisation and long-term management. The wind farm, commissioned in 2017 and consisting of 18 turbines, supplies renewable electricity to approximately 90,000 households.
Commodities Nova Scotia Names Five Companies and Two Consortia for First Offshore Wind Auction
The Canada-Nova Scotia Offshore Energy Regulator has released the names of five companies and two consortia that passed pre-qualification for the province's first offshore wind auction. The move advances Canada's first offshore wind farms, with a formal call for bids expected later this year. Premier Tim Houston has proposed expanding the licensing target to 40 GW.
Commodities Ørsted Hornsea 3 Survey Discovers Centuries-Old Lead Ingots in North Sea
Survey work on Ørsted’s Hornsea 3 offshore wind farm in the North Sea revealed three historic lead ingots alongside the remains of a wooden shipwreck. The ingots, dating to the late 17th or early 18th century, weigh about 70 kg each and will be housed at the Peak District Lead Mining Museum. The discovery provides a glimpse into historic trade routes and England's once-thriving lead industry.
Logistics Integrated Wind Solutions Secures Additional Charter Awards, Boosting 2026 Backlog
Integrated Wind Solutions (IWS) has secured new charter commitments for its Skywalker-class commissioning service operation vessels (CSOVs), adding approximately 120 days and €6 million to its 2026 backlog. An undisclosed Tier 1 client and an existing client extension push the contracted days for the last three quarters of 2026 to 94%, including options.
Commodities Swedish County Backs Offshore Wind at Sjollen After Policy Reversal on Energy Needs
The County Administrative Board of Skåne has reversed its position on the Sjollen offshore wind project in the Öresund Strait, now supporting its designation as a national interest area. The decision comes as electricity demand in southern Sweden increases. The project, which could produce 1.3 TWh annually, has been paused by the developer due to market conditions.
Commodities Turkey Unveils Draft Rules for First 1GW Offshore Wind Auction, Sets Price Band of $0.07-$0.11/kWh
Turkey has published draft rules for its first large-scale offshore wind auction, offering a 1GW project with a 49-year licence. The auction features a price band of $0.07-$0.11 per kWh, a 25% domestic content requirement, and penalties for shortfalls. The winning bidder will be selected from four candidate sea areas and must meet strict timelines for wind measurement and construction.
Commodities Scotland Awards £1.7M for Offshore Wind Skills Training Pipeline
The Scottish Government has awarded almost £1.7 million ($2.25 million) to three projects to boost training and skills for the offshore wind sector, including a regional skills hub, expanded engineering construction programmes, and new courses at North East Scotland College. The funding, part of the Offshore Wind Skills Programme, is expected to attract similar private investment and support an estimated 49,000 jobs in Scotland's offshore wind industry.
Business Skyborn Renewables Sells 25% Stake in German Baltic Sea Wind Farm Gennaker
Skyborn Renewables, a BlackRock-owned offshore wind developer, has agreed to sell a 25% stake in the Gennaker wind farm in the German Baltic Sea to Stadtwerke München. The 976.5 MW project, once completed, will be the largest offshore wind farm in the German Baltic Sea and is expected to power approximately 1 million homes annually. The transaction is subject to regulatory approvals and construction financing closing, targeted for Q3 2026.
Commodities Trump Administration Buys Back Four Offshore Wind Leases from Invenergy for $765 Million
The US Department of the Interior has agreed to buy back four offshore wind leases from Invenergy for $765 million, with the company redirecting funds toward natural gas and geothermal projects. This brings total offshore wind buybacks to nearly $2.6 billion, following similar deals with TotalEnergies, Golden State Wind, and Bluepoint Wind.
Commodities Amazon Signs 600MW PPA for Germany's Largest Baltic Sea Offshore Wind Farm Gennaker
Amazon has signed a 600MW power purchase agreement (PPA) with Skyborn Renewables for the Gennaker offshore wind farm in the German Baltic Sea. The project, expected to be Germany's largest Baltic Sea wind farm with up to 976.5MW capacity, will feature 63 15MW turbines and is slated for operation by end of 2028.
Commodities Germany Rejects TotalEnergies Request to Surrender Offshore Wind Site, Minister Says Concession Binding
Germany has rejected TotalEnergies' request to surrender its NordseeEnergies 2 (NSE2) offshore wind site in the North Sea, with Economy Minister Katherina Reiche stating that concession awards are binding. TotalEnergies had sought to exit the 1.5GW project amid grid connection delays. In contrast, the US has spent nearly $2.6bn on offshore wind license buybacks, including nearly $1bn for TotalEnergies' two leases.
Logistics AD Ports Group and Dajin Heavy Industry Partner to Advance Offshore Wind Logistics and Port Infrastructure
AD Ports Group has signed a memorandum of understanding with Chinese offshore wind equipment manufacturer and shipbuilder Dajin Heavy Industry to jointly explore offshore wind logistics, port infrastructure, and vessel investments. The partnership aims to develop pre-assembly hubs, transportation solutions for wind turbine components, and support offshore energy projects in Europe and other markets, reflecting AD Ports' broader expansion into renewable energy infrastructure.
Commodities UK and Japan Sign £9bn Offshore Wind Investment Pact for 5.9GW Floating Projects
The UK and Japan have signed an Offshore Wind Compact worth up to £9bn ($12.1bn), supporting 5.9GW of floating offshore wind projects including Ossian, Green Volt, and Erebus. The pact aims to reduce dependence on volatile fossil fuel markets and strengthen energy security.
Finance TRIG Sells 17.5% Stake in Scottish Beatrice Offshore Wind Farm for £155 Million
The Renewables Infrastructure Group Limited (TRIG) will sell its 17.5% stake in the 588MW Beatrice offshore wind farm off Scotland for approximately £155 million ($208.2 million) to funds managed by Equitix Investment Management. The sale, at a 4% discount to the December 2025 valuation, will reduce TRIG's borrowings by £375 million and supports its £400 million capital realisation target. Completion is expected before end-2026, subject to third-party consent.
Logistics HD Hyundai and Malcon Partner to Develop Korean Offshore Wind Support Vessels
HD Hyundai Heavy Industries has signed a cooperation agreement with Malcon to jointly develop a Korea-type offshore wind support vessel (SOV) optimized for domestic wind farms. The partnership will leverage eco-friendly propulsion technologies and aims to localize vessel production and strengthen South Korea's position in the offshore wind market.
Commodities Shell Weighs $1bn Offshore Wind Sell-Off as It Shifts Focus Back to Oil and Gas
Shell is reportedly preparing to launch a sale of its offshore wind farms worth over $1bn, advised by Rothschild & Co and PJT Partners. The move is part of CEO Wael Sawan's strategy to cut costs and focus on higher-returning oil and gas assets, following the divestment of European onshore renewables and Indian renewable firm Sprng Energy.
Commodities UK offshore wind workforce must double to 94,000 by 2030 to meet clean power targets, ORE Catapult report warns
A new report from ORE Catapult warns the UK offshore wind workforce must nearly double from 40,000 to between 75,000 and 94,000 by 2030 to achieve the country's clean power targets. The report, 'Workforce Foresighting for Offshore Wind 2030-2035', identifies critical skills shortages and proposes a shift to a 'leading' education model to anticipate future needs.
Logistics WTIV Incident at Port of Esbjerg Damages Nine Offshore Wind Blades
High winds caused the Fred. Olsen Windcarrier-owned WTIV Brave Tern to collide with a crane and Cadeler's Wind Keeper at the Port of Esbjerg on June 10, damaging nine offshore wind blades destined for RWE's 1.1GW Thor wind farm. The Danish Maritime Authority detained the vessel. Each blade is valued at approximately €3.6m ($4.15m). One person was sent to hospital for a checkup. The incident may delay turbine installation work on the Thor wind farm, which began in March and was scheduled for completion this year.
Commodities Global Offshore Wind Capacity on Track to Quadruple to 420 GW by 2035
A new report from the Global Wind Energy Council (GWEC) forecasts that global offshore wind capacity will quadruple to 420 GW by 2035, driven by a 24% CAGR between 2026 and 2030. In 2025, over 9 GW were added, bringing cumulative capacity to 92.5 GW. China led with 6.6 GW of new installations, while Europe added 2 GW.
Commodities UK Seeks Developer for 1.5GW Offshore Wind Project
The UK Crown Estate is launching a tender to find a new developer for the Morgan offshore wind site in the Irish Sea, capable of generating 1.5GW. The previous developers, EnBW and JERA Nex BP, exited the project earlier this year.
Logistics TGS Wins European Offshore Wind Site Characterisation Contract
TGS has secured a contract for offshore wind site characterisation in Europe, set to begin in August. The project will utilize TGS's Ultra High Resolution 3D streamer technology for detailed subsurface imaging.
Trade New York Challenges Offshore Wind Deal with TotalEnergies
New York and six other states have filed a lawsuit against the Trump administration and TotalEnergies over the cancellation of an offshore wind lease. The states argue the settlement undermines climate goals and misuses funds.
Logistics Ørsted Awards UK Offshore Wind Inspection Deal to OEG
Ørsted has awarded a multi-million-pound contract to OEG for offshore wind inspection services in the UK. This agreement will bolster OEG's workforce and expand its international presence.
Manufacturing Ming Yang Targets Stake in 2GW Canadian Offshore Wind Project
Ming Yang Smart Energy is considering a strategic investment in a 2GW offshore wind project in British Columbia. This initiative, led by Oceanic Wind Energy and Coast Tsimshian Enterprises, aims to harness the strong wind resources of the Hecate Strait.
Commodities Fugro Secures Irish Offshore Wind Monitoring Contract
Dutch surveyor Fugro has won a two-year contract with EirGrid to monitor marine mammals along Ireland's south coast, supporting the development of offshore wind energy infrastructure.