Traditionally, the offshore wind sector has heavily relied on government support through contracts for difference (CfD) auctions, where consumers pay generators a fixed price for low-carbon power.

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

Danish offshore wind developer Ørsted has reached an agreement with Schroders Greencoat to divest its remaining 25% minority interest in the London Array Offshore Wind Farm in the UK.

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.

This agreement allows the wind farm to engage in short-term hedging transactions based on Futures Contract prices.

LDC has made an investment in Boston Energy, a technical services provider for the wind energy industry. Boston Energy specializes in employing and training specialized technicians to support the construction and maintenance of onshore and offshore wind farms worldwide.

Crown Estate Scotland has requested the winners of the ScotWind offshore wind auction to submit formal, written assurances that they will adhere, at all times, to the relevant sanctions imposed on Russia.

US energy company Dominion Energy has selected the consortium of DEME Group and Prysmian as the Balance of Plant (BoP) contractors for the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project.

The Dutch UXO consultancy NjordIC has been contracted by EnBW to provide UXO services for the He Dreiht offshore wind project in Germany.

The consortium of Prysmian Group and Asso.subsea has signed a contract with RTE, Réseau de Transport d’Électricité, for the development of an export submarine power cable system for the Gruissan floating offshore wind farm located in Southern France.