Norwegian offshore vessel owner Solstad Offshore has signed a five-year contract for its subsea construction support vessel (CSV) Normand Ocean with Prysmian Powerlink.With the contract, the vessel will be on a firm contract with Prysmian until 2032…
Norway-based Deep Wind Offshore has been awarded rights to develop a GW-scale offshore wind site Saare 2.1 in Estonia.The Baltic countries have agreed to open areas for offshore wind production for a total capacity of 20 GW within 2030, with Estonia setting the pace…
Ørsted has installed the first 11 MW offshore wind turbine at Borkum Riffgrund 3 project, set to be the largest offshore wind farm in Germany upon completion.Borkum Riffgrund 3’s first wind turbine was installed by the installation vessel Seaway Ventus from Seaway7…
Norway-based company Deep Wind Offshore has joined forces with the Korean Jeollanam-do province and leading maritime universities in Norway and South Korea, to develop and strengthen the offshore wind workforce.Deep Wind Offshore has initiated…
North Star, specialist vessel operator for offshore infrastructure support services, has been announced as the first mover on the Midi-SOV – a new offshore wind ship design developed by Chartwell Marine and Vard that bridges the gap between…
Norwegian offshore vessel owner Solstad Offshore has secured contract extensions with Subsea7 for two of its subsea construction support vessels (CSVs) – Normand Subsea and Normand Energy.Subsea7 has exercised the 2025 optional charter period for the Normand Subsea…
Norwegian offshore vessel owner Solstad Offshore has secured multiple contracts with Petrobras, whose combined value is approximately $240 million (NOK 2.6 billion).The contracts are scheduled to start in the second half of 2024 and first half of 2025…
Solstad Offshore’s Normand Navigator subsea vessel has arrived to Norway for the mobilization of remotely operated vehicles (ROVs) ahead of its new assignment.The mobilization of ROV’s from Omega Subsea Robotics is currently ongoing at Husøy (Karmøy) in Norway…
The production of new cables with a voltage of 525 kV, intended for the BalWin4 and LanWin1 offshore wind grid connection projects, has started at LS Cable’s facilities in South Korea.The start of production at LS Cable in South Korea’s Donghae…
Kongsberg Maritime has been tasked to conduct energy efficiency upgrades on Solstad’s Normand Sentinel, one of its most prominent subsea construction vessels.This upgrade will see the vessel transition to Kongsberg Maritime’s electric rim-drive azimuth thrusters…
Copenhagen Infrastructure Partners (CIP) has completed construction and officially inaugurated the Changfang-Xidao offshore wind project in Taiwan, with a total capacity of 595 MW.The Changfang-Xidao offshore wind farms increase Taiwan’s combined…
The U.S. departments of Energy (DOE), Interior, Commerce, and Transportation has released a report summarizing their progress toward the goals of the Floating Offshore Wind Shot™, an interagency initiative to drive U.S. leadership in design…
Maryland Governor Wes Moore signed a bill aimed at reevaluating and potentially revising existing offshore wind project plans, setting the stage for the state's goal of achieving 8,500 megawatts of offshore wind energy capacity by 2031.The bill…
Mainstream Renewable Power, as part of the Gippsland Skies Offshore Wind consortium, has secured a feasibility license from the Australian government for a fixed-bottom 2.5 GW offshore wind project off the Gippsland region of Victoria.The feasibility…
Since our last market update in the subsea space about a year ago both our current market view and forecasts have strengthened significantly.While the demand picture is looking solid and arguing for a strong multi-year upcycle, the supply side…
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