Offshore wind development continues to take shape in the US, sorting multiple issues that come with creating an industry from scratch.

Shares in Denmark’s multinational energy company, Ørsted, fell by 7% on Friday as the impact of inflation and rising costs on offshore wind farm developments become clear.

NYSE-listed Eneti has secured a charter for its first wind turbine vessel (WITV) newbuilding.

Offshore wind, of the floating variety, will be coming to the States with the award of $757m in leases off the coast of California.

North Star has secured £140m in funding to support its growth plans as the UK's leading offshore wind service operations vessel (SOV) operator.

As the calendar shifts to 2023, the US offshore wind mantra of ‘30 by 30’ - 30 gW by 2030 - will suddenly be one year closer to the catchy-sounding guidepost put out there by the Biden administration.

Compagnie Maritime Belge’s (CMB) Windcat Offshore has placed an order with Damen Shipyards for two of ‘future-proof CSOVs,’ along with options for further vessels.

The first France’s commercial-scale wind farm started operating on Wednesday, adding 480 megawatts of capacity to the grid.

Cadeler has placed an order to build its second F-class hybrid jack-up installation vessel at Cosco Heavy Industries.

Offshore wind is still in its nascent stages in Southeast Asia and is seen as having major potential, if also some difficult hurdles to overcome.