Energy

Eni S.p.A. along with Vår Energi ASA has reached an agreement to acquire Neptune Energy Group Limited.

Seagreen Wind Farm, a joint venture between SSE Renewables and TotalEnergies, achieved another landmark this week as the 114th and final wind turbine was installed.

Eco Wave Power Global AB has signed a Memorandum of Understanding with Lian Tat Company (“LTC”), a leading maritime engineering company, to bring Eco Wave Power’s wave energy technology to Taiwan.

ABB introduces new Operational Planner module for its ABB Ability™ OCTOPUS – Marine Advisory System to help offshore fleet managers plan and optimize the maintenance of offshore wind farm operations.

On behalf of Copenhagen Infrastructure Partners (CIP), Managing Partner Jacob Baruël Poulsen on June 21, 2023, signed an Investment Notification Form in the presence of the Republic of Korea's President Yoon Suk-Yeol committing to investments of USD 350 million into offshore wind projects in Korea.

Vineyard Wind, a joint venture between Copenhagen Infrastructure Partners (CIP) and AVANGRID, Inc. received the first shipment of turbine components for GE’s Haliade-X 13-megawatt (MW) turbine at the New Bedford Marine Commerce Terminal.

Eco Wave Power Global AB commends the California State Senate for unanimously passing California Senate Bill 605 – Wave and Tidal Energy (“SB 605”). The bill was unanimously approved in three separate policy committees: the Energy, Utilities and Communications Committee; the Natural Resources and Water Committee; and the Appropriations Committee.

The Offshore Wind Spin-in competition, led by Advance Northumberland, funded through the North of Tyne Inward Investment Capacity Fund, is now in full delivery and is supporting two businesses.

Corvus Energy, a leading provider of energy storage solutions, announces that their newly developed containerized solution – the Corvus BOB (Battery-On-Board), has received Type Approval from DNV.

Cadeler A/S (OSE: CADLR) (“Cadeler”) and Eneti Inc. (NYSE: NETI) (“Eneti”), two offshore wind turbine and foundation installation companies, announces that they have entered into a business combination agreement to combine (the "Combination") through a stock-for-stock exchange offer to be made to all stockholders of Eneti based on an exchange ratio of 3.409 Cadeler shares for each Eneti share (the “Exchange Offer”).

The offshore jack-up installation vessel Voltaire is the largest of her kind in the world and is able to install the next generation of offshore wind turbines starting with the Dogger Bank wind turbines of +13MW and 14MW.

In an offshore wind cost inflation survey of industry players by Westwood Global Energy Group (Westwood), nearly three quarters of respondents indicated that they had begun to review the viability of their projects in light of recent cost increases, with over 90% indicating that decision making had slowed as a result.