Maersk Offshore Wind has terminated its $475 million Wind Turbine Installation Vessel (WTIV) construction contract with Singapore’s Seatrium. The move comes as the vessel nears completion, triggering commercial and legal implications for both companies.
Ørsted has unveiled a major organizational restructuring to cut 2,000 jobs by 2027, refocusing on offshore wind and achieving DKK 2 billion in annual savings.
AYK Energy will supply advanced LFP battery systems for Baleària’s two new fully electric high-speed ferries, marking a major step toward zero-emission maritime transport between Spain and Morocco.
Semco Maritime strengthens its offshore wind service portfolio with new long-term vessel capacity, key O&M contracts with RWE, Iberdrola, and Global Tech I, and the appointment of two senior executives to drive innovation and growth.
Ørsted has raised $9.4 billion through a major rights issue to strengthen its finances after challenges in the U.S. offshore wind sector. The capital will fund Sunrise Wind and support the company’s global renewable energy strategy.
Mammoet-Giant has completed the marshalling of 66 jacket foundations for Ørsted’s 920 MW Greater Changhua 2b and 4a offshore wind farms, using SK350 ring crane at Taichung Port.
BOA Offshore has completed the launch of three floating substructures for France’s EOLMED Offshore Wind Project, marking a major step for floating wind in the Mediterranean.
Japan’s government has designated offshore areas near Akita and Fukuoka as promising zones for wind farm development, signaling renewed momentum in its carbon neutrality drive despite recent industry setbacks.
Iberdrola has begun construction of the Windanker offshore wind farm in the Baltic Sea with the first monopile successfully installed. The project will deliver 315 MW of renewable energy by 2026.
