The agreement, which was initially announced on May 25, 2023, reached its completion on Friday, following approval from the Committee on Foreign Investment in the United States.

These project developers, along with trade groups representing the offshore wind sector, are urging officials to modify the requirements, warning of potential job losses and lost investments if the changes aren't made.

This system is designed to ensure precise levelling and fixation of the transition pieces on the monopile foundation, optimizing the performance of the wind turbines.

Henrik Andersen, the CEO of Vestas, has forecasted that disruptions in the wind supply chain will persist "throughout the second half of the year."

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.