Search results for: Baltic 1

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  • Navantia-Windar Starts Saint-Brieuc Jacket Work in France

    2 October 2020
    Ports & Logistics, Wind Farm Update

    The Spanish Navantia-Windar consortium has launched the production of foundation components for the Saint-Brieuc offshore wind farm in the Brest polder, France. Navantia-Windar has presented the main achievements delivered in its construction program for 34 of the 62 foundations that will be built in France for the wind farm. The technology chosen by Ailes Marines, […]

  • Marine Species to Benefit from Anholt Offshore Wind Farm Project (Denmark)

    15 July 2011
    R&D, Wind Farm Update

      Due to extensive utilisation for, eg harbour piers and coast protection facilities, rock reefs have become a rare natural element in Denmark. And this is a shame for the large variety of flora and fauna that lives on and by the reefs. Now, lobsters, crabs and a neumber of fish species will benefit from […]

  • Ørsted Anticipates ‘Significantly Higher’ Offshore Earnings in 2023; Plans EUR 7 Billion in Gross Investments

    1 February 2023
    Business & Finance

    Ørsted reported an EBITDA of DKK 21.1 billion (approximately EUR 2.84 billion) for 2022 and expects this year’s operating profit to be in the similar range, between DKK 20 billion and DKK 23 billion (approx. EUR 2.67 billion and EUR 3.09 billion). For its offshore business, the developer anticipates 2023 earnings to be “significantly higher”. […]

  • Research and Markets Publishes Romanian Energy Report

    22 December 2011

      Research and Markets published Romania Energy Report – a November 2011 Update . The IntelliNews Romania Energy Sector Report offers an extensive summary of the Romanian energy sector, segmented into electricity, thermal, water, gas, oil and renewable energy markets. It includes a complete coverage of the latest developments, trends and corporate news, accompanied by […]

  • Fluor Net Earnings Reach USD 135 Million (USA)

    4 November 2011
    Business & Finance

    luor Corporationannounced financial results for its third quarter ended September 30, 2011. Net earnings attributable to Fluor for the third quarter were $135 million, or $0.78 per diluted share, compared with a loss of $54 million, or $0.30 per diluted share a year ago. Segment profit for the third quarter of 2011 was $236 million, […]

  • MHI Vestas Offshore Wind Established

    1 April 2014
    Business & Finance

    Following the approval from all relevant authorities, MHI Vestas Offshore Wind has been formally established as of 1 April 2014. The joint venture is responsible for the design, further development, procurement, manufacturing, installation, commissioning and service related to the V164-8.0 MW turbine as well as all marketing, sales and after-sales service related to offshore wind. […]

  • ABB Commissions Norway-Denmark HVDC Transmission Link

    12 January 2015
    Grid Connection

    ABB has successfully commissioned a high-voltage direct current (HVDC) link between Norway and Denmark to increase availability of renewable hydroelectric and wind power in the region’s electricity grid. At 500 kilovolts (kV), the Skagerrak 4 link sets a new record in transmission voltage using Voltage Source Converters (VSC). The converters rely on semiconductors to convert […]

  • DEME Starts Work on Coastal Virginia Offshore Wind Project, Vineyard Wind Next

    22 November 2022
    Wind Farm Update

    DEME has kicked off the work on Dominion Energy’s 2.6 GW Coastal Virginia Offshore Wind project in the USA. As reported, Dominion Energy selected a consortium of DEME and Prysmian as the Balance of Plant (BoP) contractors in charge of the transportation and installation of the foundations and the substations, and the engineering, procurement, construction, […]

  • Senvion Sold to USA Firm, Suzlon to Get Its License for Offshore Technology

    22 January 2015
    Business & Finance

    Suzlon Group today signed a binding agreement with Centerbridge Partners LP, USA to sell 100% stake in Senvion SE, a wholly owned subsidiary of the Suzlon Group. The deal is valued at EUR 1 billion equity value in an all cash transaction and future earn out of up to an additional EUR 50 million. The […]

  • UK: Ecosse Subsea Systems Doubles Turnover in Third Successive Year of Growth

    3 December 2012
    Business & Finance

    Subsea technology company, Ecosse Subsea Systems Ltd, (ESS) has seen revenue in the last financial year more than double to £4.85 million and forecasts turnover in the current year will pass the £6.5 million mark. The Aberdeen-based specialist engineering firm will post pre-tax profit of £600,000 to March 2012, while the current financial year has […]

  • BOEM to Asses Interest in Wave Energy Development Offshore Oregon

    24 March 2014
    Authorities

    The Bureau of Ocean Energy Management (BOEM) is assessing whether there is competitive interest in wave energy research or development in an area of federal waters offshore Oregon where the Northwest National Marine Renewable Energy Center at Oregon State University (NNMREC-OSU) proposes to site a hydrokinetic energy facility to test utility-scale wave energy devices. BOEM […]

  • North East England Could Benefit from Offshore Wind Strategy

    1 August 2013

    Energi Coast, North East England’s offshore renewables group, believes that the region’s supply chain can be one of the biggest winners from the UK Government’s offshore wind industry strategy. The group says the strategy, which was published by the Department of Business, Innovation and Skills on 1 August, will generate much needed confidence and stability […]

  • Spain: Gamesa Reports Loss in Q1 2012

    10 May 2012
    Business & Finance

    The complex economic environment, volatility in many of the main wind markets, the new product launches and the industry’s seasonality had a temporary impact on Gamesa’s profitability and debt. Nevertheless, the company’s market and business diversification and the synergies between the wind turbine and farm activities enabled it to increase sales in the period, with […]

  • Offshore Wind Debuts and Final Bows

    2 January 2018
    Wind Farm Update

    From the commissioning of the world’s first commercial floating wind farm, to the dismantling of the world’s first offshore wind farm, 2017 was a year of major industry milestones. Here we bring you a list of wind farms that were put into operation last year, as well as those that disappeared from the horizon. Sandbank […]

  • Moog Opens New Center for Maintenance and Engineering Training (Germany)

    23 September 2011
    Training & Education

    Moog, a motion control solution provider and leading developer of pitch systems for wind turbines, today officially inaugurated its new Wind Training Center at an Opening Ceremony involving customers and partners in Unna, Germany. The 1,300 m² (14,000 ft²) facility is designed to provide technical training programs to Moog’s global wind energy customer base. A […]

  • Spain: Iberdrola Q1 Net Profit Up 0.7 pct

    10 May 2012
    Business & Finance

    IBERDROLA’s first quarter net earnings rose 0.7% to €1,022 million with Ebitda up 4.1% at €2,365 million, driven by international growth and despite a decline in Spain where recent regulatory decisions have had a negative effect. Revenues rose 10% to €9,331 million, while gross margin was up 4.1%. Net operating income (Ebit) rose 1.3% higher […]

  • New US Offshore Wind Guidance Document Approved, Said to Speed Up Development

    14 October 2022
    Industry

    The US offshore wind sector has gotten its new official guidance that can be used in the regulatory approval process. The document contains best practices and is said to help accelerate development of the offshore wind industry, shorten regulatory timelines, and increase worker safety. The American National Standards Institute (ANSI) Board of Standards Review approved […]

  • PD&MS Secures Framework Agreement for Seagreen Offshore Wind Farm

    29 November 2022
    Contracts & Tenders

    Scotland-headquartered PD&MS Group has secured a three-year BoP (the balance of plant) statutory inspection framework agreement to support SSE Renewables on the 1,075 MW Seagreen offshore wind farm. According to the agreement, The PD&MS work scope includes statutory inspections on Seagreen’s power-generating equipment, embedding PD&MS’ inspection technicians into Seagreen’s team to work across all wind […]

  • USA: OPT Receives FERC License for Oregon Wave Power Station

    20 August 2012

    Ocean Power Technologies, Inc. (“OPT” or “the Company”) today announced that its wholly-owned Oregon subsidiary, Reedsport OPT Wave Park, LLC, has received approval from the U.S. Federal Energy Regulatory Commission (“FERC”) for the full build-out of its planned 1.5 megawatt, grid-connected wave power station off Reedsport, Oregon. This is the first FERC license for a […]

  • MAKE Issues Q3 Global Wind Power Market Outlook Update

    20 August 2014
    Business & Finance, R&D

    MAKE’s Q3/2014 Global Wind Power Market Outlook Update presents a consistent expectation of 7.2% growth on average per year from 2013 to 2023. In the US, new guidance from the IRS has shifted 1.3GW into 2015 from 2014 and 2016; incentive schemes and policy improvements in key markets such as India, France and Germany have […]

  • Germany: HeavyLift@Sea Reveals Prototype Draft for Heavy Goods Transporter

    30 January 2013

    The maritime engineering specialist HeavyLift@Sea has just presented the prototype draft for a heavy goods transporter offering highly flexible application options. The company headquartered in Hamburg’s HafenCity and founded last year by Lars Rolner and Hendrik Gröne has its focal areas of competence and experience in the heavy goods shipping sector. With its heavy lifter […]

  • USA: BOEM Announces First Ever Offshore Wind Lease Sales in Two Areas

    2 December 2012
    Authorities

    As part of the Obama Administration’s all-of-the-above strategy to continue to expand domestic energy production, Secretary of the Interior Ken Salazar, Deputy Secretary David J. Hayes and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau have announced competitive lease sales for renewable energy development in two wind energy areas (WEAs) in federal waters. […]

  • UK: SeaEnergy Announces 2011 Results

    4 May 2012
    Business & Finance

    SeaEnergy PLC announces its audited results for the year ended 31 December 2011. Financial Summary The clear financial highlight of 2011 was the conclusion of the sale of SERL to Repsol Nuevas Energias UK Limited. This resulted in the Group recording a profit of £25.3 million for the financial year compared with a loss of […]

  • Spain: EDP EBITDA Up 23 Pct YoY to EUR 675 Million

    7 November 2012
    Business & Finance

    DP Renewables (EDP Renováveis, Euronext: EDPR), a global leader in the renewable energy sector and the world’s third-largest wind energy producer, announced that in the first nine months of 2012 electricity output increased by 11% YoY to 13.3 TWh, as a result of the capacity growth over the last 12 months ( 458 MW),an average […]

  • Date Set for Next Offshore Wind Tender in the Netherlands, Financial Bids Included

    24 December 2021
    Authorities, Contracts & Tenders, Wind Farm Update

    The Government of the Netherlands plans to open the next offshore wind auction for bids on 14 April 2022. The offshore wind sites to be put out to tender in this round are the Hollandse Kust (west) Sites VI and VII. The tender will close on 12 May and the winner or winners are expected […]

  • LS Cable & System Scores Big Offshore Taiwan

    6 October 2021
    Contracts & Tenders, Grid Connection, Wind Farm Update

    South Korea’s LS Cable & System has secured a preferred bidder status for a KRW 200 billion (around EUR 145 million) contract to provide submarine cables for the Hai Long offshore wind farm in Taiwan. LS Cable & System was selected for the project by CSBC-DEME Wind Engineering (CDWE), Taiwan’s first EPCI offshore wind power […]