Kumagai Gumi will assess construction and decommissioning methods at DemoSATH, while the partners use offshore measurements to improve monitoring and models for commercial floating wind developments.
Equinor is leaving South Korea’s offshore wind market after 12 years. The decision follows its withdrawal from the 750MW Firefly project and plans to transfer its stake in the 200MW Donghae-1 development.
Flotation Energy is reportedly cutting 15–20 roles from its UK workforce of about 130 as Green Volt enters detailed design and procurement, while maintaining its commitment to the Scottish wind project.
Buchan Offshore Wind has received DNV Basic Design Certification for BW Ideol’s Damping Pool floating foundation, advancing the nearly 1 GW offshore wind project in Scotland.
Blue Gem Wind has started supply chain engagement for the 100 MW Erebus floating offshore wind project in the Celtic Sea as it develops its procurement strategy.
Kincardine Offshore Windfarm Limited reported a £44.4 million pre-tax loss for 2025 after generator failures affected four Vestas turbines, resulting in a £40 million repair provision.
Gazelle Wind Power has tested an 18 MW+ floating wind platform for typhoon conditions, with preliminary estimates indicating 44% lower CAPEX and 52% lower LCOE than benchmark semi-submersible designs.
Taiwan plans to begin selecting floating offshore wind demonstration projects in 2027, with two sites expected and a possible third site if necessary.
CIP has secured fixed-price contracts for the 504MW Haesong 3 and 532MW Haewoori 2 offshore wind projects in South Korea, with a combined capacity of 1,036MW.
