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Offshore wind farms generated a record 7.8TWh of electricity in the fourth quarter of 2017, spurred on by increased capacity and higher wind speeds compared to the same period a year before, according to a report by the UK Department for Business, Energy and Industrial Strategy.
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Authorities, Wind Farm Update
The Crown Estate has completed the plan level Habitats Regulations Assessment (HRA) for the 2017 offshore wind project extension applications confirming that seven out of the eight projects which applied will now progress to the award of rights. The HRA, which The Crown Estate has undertaken as a requirement of the Habitats Regulations, assesses the […]
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Manufacturers looking to take advantage of the growth in the offshore wind market have received a £7m windfall of business support and capital funding. Bosses at the GROW:OffshoreWind service made the announcement at a recent supplier event to promote the £1.5bn Dudgeon Wind Farm project in Norfolk and immediately pointed to further investment in Hornsea […]
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Businesses from across the East of England will be gathering in Lowestoft next week as leading figures from the offshore wind industry outline their investment and procurement plans for the coming years. National industry body, RenewableUK, working with GROW:OffshoreWind and the East of England Energy Group (EEEGR) will be hosting the ‘Offshore Wind: Current and […]
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In the third quarter of 2014, Statkraft achieved an underlying operating profit before depreciation (EBITDA) of EUR 268 million, compared with EUR 219 million in the corresponding period in 2013. Major currency effects and non-recurring items resulted in a net profit after taxes of EUR 487 million, compared with a loss of EUR 197 million in the third quarter of 2013. […]
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Authorities, Business & Finance
The European Commission has concluded that a UK scheme called “Contracts for Difference” that promotes the generation of electricity from renewable sources is in line with EU state aid rules. In separate investigations, the Commission has also found that public support worth GBP 9.7 billion (around € 12.3 billion) to five offshore wind farms is […]
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Statoil Wind US came out as the winner of the New York offshore wind lease sale, agreeing to pay USD 42.5 million for rights to build an offshore wind farm at the 79,350-acre area. The lease comprises an area that could potentially accommodate more than 1GW of offshore wind, with a phased development expected to start with […]
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Authorities, Business & Finance
The UK Government today awarded five offshore wind projects with Financial Investment Decision (FID) enabling contracts. The Government today unveiled eight major renewable electricity projects, which are awarded under the Final Investment Decision (FID) Enabling for Renewables process, allocating the first Contracts for Difference (CfDs) that are being introduced through the Electricity Market Reform programme. […]
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Business & Finance, Vessels
GeoSea is set to acquire the full ownership of A2SEA, owned by DONG Energy and Siemens, after the three companies signed an agreement today, 7 July.
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Operations & Maintenance, R&D, Technology
Equinor is engaging with the UK offshore wind supply chain to support the development of innovative, technology-led solutions, which can shape the future of the industry post-2025. As part of this project, Equinor has partnered with UK business development organisation NOF Energy, the Offshore Renewable Energy (ORE) Catapult and the North East of England’s offshore […]
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Business & Finance, Wind Farm Update
The UK Green Investment Bank (GIB) today announced a significant investment in the UK’s offshore wind sector. GIB is purchasing a 20 per cent stake from Statkraft and Statoil in Scira Offshore Energy Limited (Scira), the owner of Sheringham Shoal offshore wind farm, for an agreed valuation of £240m. The investment is part of a wider […]
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East of England Energy Group (EEEGR) held its 13th annual awards on 14 September, recognising achievements and developments that have highlighted the energy sector over the last 12 months. The ‘Made in Lowestoft’ Dudgeon Offshore Wind Farm Offshore Substation designed and manufactured by Sembmarine SLP in its Hamilton Road yard won the EEEGR Best Energy […]
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Government consent for the world’s largest wind farm, East Anglia Array One, has put the East of England at the top of the industry’s agenda – and given the signal major international energy companies had been waiting for to move forward with plans to invest in the region, said James Gray, inward investment director for […]
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Sif Group reported a revenue of EUR 400.3 million for 2016, a 24.6% increase from EUR 321.3 million in 2015, with the company’s net earnings rising by 5% from EUR 35.6 million in 2015 to EUR 37.4 million last year. The company’s net debt also increased, but mainly due to building new facilities that will lead to Sif having a production capacity of 300 Ktons per year.
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Hopes for new business generated by the offshore windfarm boom and a new North Sea ‘gas rush’ attracted a record-breaking 500-plus delegates to the SNS2013 Conference at Norfolk Showground,Norwich. The turn-out and extensive media coverage delighted Simon Gray, chief executive of organisers EEEGR (East of England Energy group), who said the region’s energy trades group […]
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Johnathan Reynolds, business development lead for renewables and innovation hub OrbisEnergy in Lowestoft, Suffolk, and director of energy firm Nautilus Associates, said that East of England businesses can be confident of the development of many offshore wind farms off their coast. As the supply chain in the East of England prepares to compete for work with developers of […]
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Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) activity for the wind sector for 2014. Global venture capital (VC) funding in the wind sector decreased to $311 million in 2014 compared to $455 million in 2013. Total funding into the wind […]
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Investment, jobs and skills generated by the East of England’s position as a leading centre for developing offshore wind farms are at stake as the industry awaits clarity in policy, an industry leader has warned. The UK is being left behind by the rest of Europe as the industry waits for a sign from the […]
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Race Bank DONG Energy signed a contract with Belgian contractor Jan de Nul during the EWA OFFSHORE event in March for the installation of the export cables for the 580MW Race Bank offshore wind farm. The full scope includes around 148km of cables to interconnect the 2 offshore substations and to connect each of them […]
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Authorities, Contracts & Tenders
In his State of the State address delivered yesterday, New York State Governor Andrew M. Cuomo expressed support for the development of offshore wind power in the lease area for which Statoil won the rights at the government’s lease sale in December, and proposed a commitment to develop up to 2.4GW of offshore wind by 2030. To ensure the […]
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Authorities, Business & Finance, Contracts & Tenders, Environment, Grid Connection, Operations & Maintenance, R&D, Technology, Training & Education, Vessels, Wind Farm Update
We are leaving what has arguably been the best year for offshore wind so far with a hope that the one ahead of us will be at least as eventful and successful as 2016 was, if not better. The Eurocents This year, we saw several tenders resulting in remarkably low prices. First, there was Borssele […]
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The rugby world cup tournament is about to start in England as this article is being written. Just as the rugby fans will have waited 4 years for the whistle to announce the start of the first match, England versus Fiji, so the offshore wind industry has waited eagerly for the whistle to start for […]
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To quote the British Government: “Enterprise Zones create jobs and boost businesses…. They are great places to do business for both new and expanding firms, benefiting from government backing.” The largest Enterprise Zone in the UK is on the Humber Estuary – both sides, North and South of the River Humber. The zone includes the […]
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The offshore wind industry is not really doing anything exceptional when it comes down to the basics. Wind turbine generators, WTGs, have been around onshore since one of the first electricity-generating wind turbines was built to power a holiday home in 1887 in Marykirk, Scotland. Offshore platforms were built in the early 20th century for […]
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