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COLUMN | Where the wind blows, part 2: Shell, Cadeler, HEA Energy, Cyan Renewables, Edda Wind, Norwind and Norside [Offshore Accounts]

In Part One last week, we looked at the paradox of offshore wind, a segment that is growing without profit for many players. This contrasts with offshore oil and gas, which has shrunk but has become intensely profitable for rig and vessel operators, and for the oil companies themselves. Whereas offshore oil and gas companies […]

The post COLUMN | Where the wind blows, part 2: Shell, Cadeler, HEA Energy, Cyan Renewables, Edda Wind, Norwind and Norside [Offshore Accounts] appeared first on Baird...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-where-the-wind-blows-part-2-shell-cadeler-hea-energy-cyan-renewables-edda-wind-norwind-and-norside-offshore-accounts/

Cadeler books Baltica 2 wind turbine installation contract

Copenhagen, Denmark, headquartered offshore wind farm installation specialist Cadeler (OSE: CADLR; NYSE: CDLR) has booked a major contract in Poland. Awarded by Ørsted and PGE Polska Grupa Energetyczn, it covers the transport and installation of 14 MW Siemens Gamesa wind turbines at Baltica 2. Planned to deliver 1.5 GW capacity by the end of 2027, Baltica 2 is one of two stages of the Baltica Offshore Wind Farm.

The Baltica 2 wind farm will be situated in the Polish part of the Baltic Sea...

https://www.marinelog.com/offshore/offshore-wind/cadeler-books-baltica-2-wind-turbine-installation-contract/

COLUMN | Wind wobbles – follow the money: Ørsted and BP make write-offs; Siemens Energy seeks aid; MingYang gets massive; Fredriksen’s Edda and ex-Havila hedges; Rickmers and Diana Shipping enter wind [Offshore Accounts]

“Our wind industry, for instance, is a European success story,” European Commission President Ursula von der Leyen recently said. “But it is currently facing a unique mix of challenges.” We’re no fan of Ms von der Leyen, a nepo-baby whose incompetence as German Defence Minister was rewarded not with the sacking she so richly deserved, […]

The post COLUMN | Wind wobbles – follow the money: Ørsted and BP make write-offs; Siemens Energy seeks aid; MingYang gets massive; Fredriksen’s Edda and...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-wind-wobbles-follow-the-money-orsted-and-bp-make-write-offs-siemens-energy-seeks-aid-mingyang-gets-massive-fredriksens-edda-and-ex-havila-hedges-rickmers-and-diana-shi/

COLUMN | Predictable outcomes: a certain wind turbine installation company; Cyan Renewables and DEME; Global Marine and CWind [Offshore Accounts]

Never believe what a company’s managers tell you. Always verify yourself, especially if the company is headquartered in Monaco and is run by a management team with a past reputation for underperformance in the offshore sector. Who could we be talking about? Imagine a company where the management team paid themselves a US$30 million bonus […]

The post COLUMN | Predictable outcomes: a certain wind turbine installation company; Cyan Renewables and DEME; Global Marine and CWind [Offshore Accounts]...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-predictable-outcomes-a-certain-wind-turbine-installation-company-cyan-renewables-and-deme-global-marine-and-cwind-offshore-accounts/

COLUMN | Quick updates: China’s coal addiction; offshore wind’s cost problem; justice in Mozambique; dumb money [Offshore Accounts]

Sometimes it seems that nothing makes sense when it comes to energy transition. Global warming induces more coal to be burnt, Saudi Aramco reports record profits as wind ..

The post COLUMN | Quick updates: China’s coal addiction; offshore wind’s cost problem; justice in Mozambique; dumb money...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-quick-updates-chinas-coal-addiction-offshore-winds-cost-problem-justice-in-mozambique-dumb-money-offshore-accounts/

COLUMN | Updates on offshore wind orders from Cyan, Havfram, Edda Wind, North Star Shipping etc. Also news on Heroic Idun ̶s̶h̶a̶k̶e̶d̶o̶w̶n̶ restitution [Offshore Accounts]

The money is still pouring into new wind vessels, even as the wider orderbook for new vessels to work in offshore oil and gas remains at zero, and has been for the best p ..

The post COLUMN | Updates on offshore wind orders from Cyan, Havfram, Edda Wind, North Star Shipping etc. Also news on Heroic...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-updates-on-offshore-wind-orders-from-cyan-havfram-edda-wind-north-star-shipping-etc-also-news-on-heroic-idun-shakedown-restitut/

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