The project boasts a potential capacity of up to 1.2 GW, signifying a substantial leap towards sustainable energy generation.

The group's shares slid 7.4% to the bottom of Germany's blue-chip index, as the group disclosed more details about the far-reaching issues, which affect both its onshore and offshore wind turbine businesses.

The appointment was made by the BlueFloat Energy | Renantis Partnership, responsible for delivering floating offshore wind farms in the UK.

Designed by Ulstein, this semi-submersible heavy installation vessel is specially equipped for installing the next-generation XXL offshore wind foundations.

Ofgem, the UK energy regulator, has announced the selection of four potential operators, including a newcomer consortium, to compete for the ownership and operation of three offshore wind farm transmission assets valued at approximately £2 billion.

The UK government has given planning permission to Ørsted for the development of the Hornsea 4 wind farm, an offshore wind project off the east coast of England.

A significant number of potential offshore wind projects worldwide, set to make final investment decisions this year, are facing increased risk, according to industry analysts.

NEO Energy and Jersey Oil and Gas have chosen a Floating Production Storage and Offloading (FPSO) vessel for the Greater Buchan Area oil redevelopment project in the North Sea.

Ocean services provider DeepOcean strengthens its offering to the offshore renewables and oil and gas industries

Shell has pulled out of two offshore wind projects in the west of Ireland operated by Simply Blue Group a year after the British company acquired stakes in the developments.