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  • GIB Posts Strong Results with Plans to Raise £1 Bn

    24 June 2014
    Business & Finance

    The UK Green Investment Bank plc (GIB) today reported its performance for the financial year to 31st March 2014. GIB committed £668m to 18 green energy projects, more than doubling the number of green projects it backed in its first year. GIB is now the most active investor in the UK’s green economy. An additional […]

  • EnBW Implements Measures for Further Investments in New Energy Concept

    26 April 2012
    Business & Finance

    “The past fiscal year was not an easy year for the energy industry and therefore also not for EnBW. It is all the more pleasing that we were able to create the main conditions for further forward-looking investments, despite the difficult general environment. The measures we have taken to safeguard EnBW’s financial stability and its […]

  • Ørsted Ups Full-Year Guidance on Operating Profit, Gross Investments

    11 August 2022
    Business & Finance

    The world’s leading offshore wind developer Ørsted has increased its full-year operating profit (EBITDA) guidance and gross investment guidance following the release of the results for the second quarter of the Fiscal Year 2022. The company’s EBITDA for the first half of the year amounted to DKK 13.044 billion (EUR 1.75 billion), in line with […]

  • Ørsted and Eversource Charter Newbuild CTV Fleet in USA

    28 January 2022
    Contracts & Tenders, Jobs & Recruitment, Operations & Maintenance, Vessels

    Ørsted and Eversource have selected two vessel operators in Northeast US that will partner with Rhode Island shipyards to build crew transfer vessels (CTVs) serving the two companies’ offshore wind farms in the region. Joint venture partners Ørsted and Eversource will charter five new offshore wind CTVs from New York-based WindServe Marine and Massachusetts-based American […]

  • International Energy Agency Publishes 2012 World Energy Outlook

    13 November 2012

    The global energy map is changing in dramatic fashion, the International Energy Agency said as it launched the 2012 edition of the World Energy Outlook (WEO). The Agency’s flagship publication, released in London, said these changes will recast expectations about the role of different countries, regions and fuels in the global energy system over the […]

  • UK: All-Energy 2013 Getting Closer

    12 April 2013

    There’s one place, and only place, to be on Wednesday 22 and Thursday 23 May … All-Energy 2013 at Aberdeen Exhibition and Conference Centre (AECC). There’s a very special buzz at the UK’s largest renewable energy exhibition and conference. It’s the sound and sense of business being done, contacts being made. It’s exciting, it’s stimulating, […]

  • US Offshore Wind Industry Hails Senate’s Passage of New Clean Energy Legislation

    8 August 2022
    Authorities

    On 7 August, the US Senate passed the Inflation Reduction Act of 2022, a legislative package resulting from the initially introduced and (re)negotiated Build Back Better Act, which encompasses provisions on climate and energy transition, taxes, and healthcare. The legislation will, among other things, mobilise USD 369 billion to be invested in clean energy, energy […]

  • The hidden costs of cutting corners in the early phases of offshore wind projects

    9 March 2022

    James Hunt (Interconnectors & Cables Lead, Xodus) and Matt Blythe (Co-Founder, Continuum Industries), explain why offshore wind developers need to understand how more detailed and early optioneering on marine export cable routes can generate financial value at EVERY stage of their project The first priority for offshore wind developers that have secured sites in recent […]

  • ACCESS SYSTEMS: UPTIME – Moving forward, the latest Motion Compensating Gangways

    15 December 2015

    The young offshore wind energy sector is making a far greater use of vessels than the older oil and gas sector ever did. Following the self-elevating crane vessels, or selfpropelled jack platforms with cranes, or Wind Turbine Installation Vessels (WTIVs), this sector has taken the lead in the development of a second innovative vessel, namely the walk to work vessel. There are people […]

  • EU Council Raises Renewable Energy Target, Endorses Faster Project Permitting

    28 June 2022
    Authorities

    The European Union’s Transport, Telecommunications and Energy Council has agreed on raising targets for renewable energy and energy efficiency, and has also endorsed accelerated permitting procedures for renewable energy projects. The Council has, among other things, proposed an an obligation for the Member States to have a cross border pilot project within three years and, […]

  • Germany: 500 Experts Expected at SMM Offshore Dialogue

    29 May 2012

    Some 500 industry experts are expected at the SMM Offshore Dialogue, hosted for the second time by Hamburg Messe, with support from the Federal Ministry of Economics and Technology (BMWi). The workshop is to be held in the framework of SMM 2012, the world’s leading maritime industry fair, at the Hamburg Fair site. The focus […]

  • Italy: Prysmian Releases Results for First Three Months

    11 May 2012
    Business & Finance, Grid Connection

    The Board of Directors of Prysmian S.p.A. has approved the Group’s consolidated results for the first quarter of 2012 (which are not subject to audit). ” The integration with Draka has led to a significant growth in size – comments CEO Valerio Battista -, allowing sales to be better distributed geographically and the range of […]

  • Major UK Project to Unlock Untapped Potential of Ocean Renewable Energy Fuels

    23 July 2021
    Technology

    An innovative GBP 10 million research project, led by the University of Strathclyde, has been set up to investigate the potential of harnessing offshore wind and marine renewable energy to produce zero-carbon hydrogen and ammonia fuels. The multi-disciplinary Ocean-REFuel: Ocean Renewable Energy Fuels project will explore ways of converting ocean energy into fuels for use […]

  • Qatar: Energy Industry Calls for Governments to Create Interconnected Policies

    3 December 2012
    Authorities

    Senior energy industry executives have urged governments to establish coherent and joined-up policies to help achieve sustainable energy systems, says a report published today by the World Energy Council (WEC).  According to the WEC’s 2012 World Energy Trilemma report, “Time to get real – the case for sustainable energy policy”, policymakers must develop a clear […]

  • Elia Publishes Interim Statement Q3 2011 (Belgium)

    15 November 2011
    Business & Finance

    As reported in the 2011 half-yearly results, Elia is unable to give any concrete profit forecasts since the annual result is dependent upon parameters that will either not be known until the end of 2011 (such as the inflation figure for December 2011) or else can only be calculated at that time (e.g. average Belgian […]

  • US Expanding Offshore Wind to Gulf of Mexico and Southern Atlantic

    21 July 2022
    Authorities, Environment, Industry

    US President Joe Biden has announced that the Department of the Interior is advancing the development of offshore wind areas in the Gulf of Mexico and the Southern Atlantic. These areas cover 700,000 acres and have the potential to power over three million homes, President Biden said in his remarks on actions to tackle the […]

  • Offshore Wind Hailed as US Court Vacates Gulf of Mexico Oil & Gas Lease Sale Decision

    28 January 2022
    Authorities

    Jump to: Making the Case for Offshore Wind Lease Sale 257 The District Court in Washington, D.C., has vacated the Department of Interior’s (DOI) decision to hold an offshore oil and gas lease sale following a lawsuit filed by four environmental groups, which argued that the environmental analysis that the administration relied on to hold the […]

  • RWE Recruits New Applicants for Its Wales Wind Farm Apprenticeship Scheme

    2 July 2013
    Training & Education

    RWE npower renewables (RWE NRL) is expanding its highly popular Wales wind farm apprenticeship programme with a second round of recruitment for new candidates. The Apprentice Scheme, first launched by RWE NRL in partnership with Grwp Llandrillo Menai, is the first of its kind in Wales and was fully supported at the official opening in […]

  • Sweden: New Technology Multiplies Marine Energy Potential

    2 May 2013
    R&D, Technology

    New technology for harvesting energy from low velocity ocean and tidal currents multiplies the potential for marine energy. Written by Anders Jansson, CEO, Minesto  Marine energy – for instance energy from tidal and ocean currents – is the ‘best of the best’ amongst green energy sources: it has the greatest potential (in theory, the planet’s […]

  • Price Alone Will Not Decide Winners of Trillion-Dollar Offshore Wind Prize – Wood Mackenzie

    18 May 2022
    Business & Finance, Contracts & Tenders, Environment, Grid Connection, Industry, Jobs & Recruitment, Operations & Maintenance, Ports & Logistics, R&D, Technology, Training & Education, Vessels, Wind Farm Update

    Cumulative global capex spend in the offshore wind sector is expected to hit USD 1 trillion by 2031, but investors will no longer only be competing on price alone, according to a new report by Wood Mackenzie. Offshore wind is poised to become one of the key technologies powering the decarbonisation of the global economy, […]

  • SSE Renewables Calls On Ireland to Raise Offshore Wind Ambitions

    17 February 2022
    Authorities, Business & Finance, Contracts & Tenders

    SSE Renewables has called on the Irish Government to expand its renewable energy ambition and increase its current 5 GW target of installed offshore wind energy by 2030. Speaking at the Irish Renewable Energy Summit at Croke Park, Dublin, the company’s Director of Development Maria Ryan said the offshore wind was key to addressing the […]

  • Iberdrola, ScottishPower Chairman Calls for Greater Clarity on UK Energy Reform (Spain)

    26 March 2013

    Ignacio Galan, Chairman of Iberdrola and ScottishPower, has called on the UK government to provide more clarity on details of the energy reform currently going through Parliament if investments in new plants are to be made in time to avoid energy shortages in the next few years. “Although the Energy Bill (Electricity Market Reform) currently […]

  • Hamburg to Become Siemens’ Wind HQ (Germany)

    26 September 2011

      The new Siemens Wind Power Division headquartered in Hamburg will start operations on October 1. “Hamburg is a highly attractive location and at the same time one of the world’s most important wind power centers. For that reason we will in the future be running our fast-growing wind power business from this city,” said […]

  • RI Supreme Court Upholds Deepwater Wind’s Power Contract for Block Island Wind Farm

    4 July 2011
    Authorities, R&D, Wind Farm Update

      A Rhode Island Supreme Court paves the way for Deepwater Wind to advance the permitting and development of its planned Block Island Wind Farm, which remains on track to be the first offshore wind farm in the nation. The Supreme Court upheld Deepwater Wind’s power purchase agreement with National Grid for the renewable energy […]

  • alpha ventus – Germany’s First Offshore Wind Farm is Formally Commissioned

    27 April 2010
    Operations & Maintenance, Wind Farm Update

    Today, Federal Environment Minister Dr. Norbert Röttgen together with Chief Executive Officers Dr. Werner Brinker of EWE, Dr. Wulf Bernotat of E.ON and Tuomo Hatakka of Vattenfall Europe are commissioning Germany’s first offshore wind farm during a ceremony in Norddeich. Alpha ventus is the first open sea wind farm of its kind in Germany’s territorial […]

  • Siemens Gamesa Sinks Further Into Red, Takes Action to Stabilize Business

    2 August 2022
    Business & Finance

    Wind turbine manufacturer Siemens Gamesa has reported a loss of EUR 343 million pre PPA and before integration and restructuring costs recorded in the third quarter of the Fiscal Year 2022. The company reported revenue of EUR 2.436 billion in the three months up to 30 June, a ten per cent decrease year-on-year. The reported […]