Europe is entering an offshore wind “supremacy phase” as governments move from ambitious targets to project delivery, securing multi-gigawatt development pipelines through redesigned auctions, stronger revenue protections and faster permitting, according to GlobalData.
Renewable energy consultancy OWC, Korea Leading Energy Management (KLEM) and energy solutions provider OEG have signed a tripartite memorandum of understanding (MoU) to jointly deliver offshore wind balance of plant (BoP) operations and maintenance (O&M) services in South Korea.
China’s installed power capacity reached 4.01 billion kW by May 2026, ranking first globally. Non-fossil fuels accounted for 62 per cent of capacity, driven by growth in renewable energy projects, including offshore wind and nuclear power.
OEG has secured a multi-million-pound contract from Ørsted to provide statutory inspection services across its UK offshore wind portfolio. The agreement, awarded through a competitive tender, runs for five years with two optional two-year extensions.
