Search results for: Baltic 1

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  • GE Offers $16.9 Bln for Alstom Thermal, Renewables, and Grid Businesses

    30 April 2014
    Business & Finance

    GE and Alstom announced today that GE has submitted a binding offer to acquire the Thermal, Renewables (“Power”) and Grid businesses of Alstom (ALO.PA) consisting of $13.5 billion (€9.9 billion) enterprise value and $3.4 billion (€2.5 billion) of net cash, totaling $16.9 billion (€12.35 billion). The Alstom board of directors has positively received GE’s offer […]

  • USA: Flour Net Earnings Up

    23 February 2012

    Fluor Corporation today announced financial results for its fiscal year ended December 31, 2011. Net earnings attributable to Fluor for 2011 were $594 million, or $3.40 per diluted share, compared with $357 million, or $1.98 per diluted share in 2010. Consolidated segment profit for the year was $1.0 billion, compared with $621 million in 2010 […]

  • Smulders Wins EOWDC Foundations Contract

    31 January 2017
    Technology, Wind Farm Update

    Smulders Projects has won a contract to manufacture and assemble suction bucket foundations for Vattenfall’s European Offshore Wind Deployment Centre (EOWDC). The company will manufacture lower parts of jacket structures and carry out the final assembly of the 11 foundations at its manufacturing facility in Newcastle which Smulders acquired from fabricator, OGN Group, at the end […]

  • Ocean DEMO Greenlights Three Floating Wind Projects

    1 April 2020
    R&D, Technology

    Ocean DEMO, a EUR 13 million Interreg-funded project, has recommended two floating wind technology developers for support packages under the second call.

  • Earth Policy Institute: 2013 to Be Record Year for Offshore Wind

    3 November 2013
    R&D

    Offshore wind power installations are on track to hit a seventh consecutive annual record in 2013. Written by J. Matthew Roney, Earth Policy Institute  Developers added 1,080 megawatts of generating capacity in the first half of the year, expanding the world total by 20 percent in just six months. Fifteen countries host some 6,500 megawatts […]

  • ESNA Launches New Offshore Wind CTV Design

    28 October 2015
    Vessels

    ESNA AS, a Norwegian company specializing in Surface Effect Ship (SES) design, has introduced its new vessel design – an air cushion catamaran for offshore wind crew transfer, called the Tern. The crew transfer vessel (CTV) is partly supported by an air cushion in addition to the two side hulls. The Tern uses the air cushion not only for […]

  • Australia: Carnegie Makes Progress on Commercial Demonstration Project

    30 July 2012
    Business & Finance

    During the quarter Carnegie Wave Energy Limited made significant progress on its commercial demonstration project, the Perth Wave Energy Project. In addition, Carnegie continued to make technical and commercial progress on its proprietary CETO wave energy technology and commercial site development. Highlights from this quarter include: $9.9m in grant funding from the Australian Government’s Emerging […]

  • LIPA Says Yes to First Offshore Wind Farm in New York

    26 January 2017
    Authorities, Business & Finance, Wind Farm Update

    US offshore wind developer Deepwater Wind has received a unanimous approval from the Long Island Power Authority (LIPA) for the 90MW Deepwater ONE South Fork wind farm, the nation’s largest offshore wind farm and the first one to be built off New York. Speaking ahead of the vote and to a room packed with the supporters […]

  • Block Island Wind Farm Tracking Birds and Bats

    19 September 2017
    Environment, R&D, Technology, Wind Farm Update

    Deepwater Wind has installed a wildlife tracking station on the easternmost foundation platform at the Block Island wind farm, America’s first offshore wind farm, to assist researchers in their studies of bird and bat activity off the Atlantic Coast.

  • E.ON posts significant increases in first-half (Germany)

    11 August 2010
    Business & Finance

    Adjusted EBIT up 11 percent year on year. 2,800MW of new, climate-friendly generating capacity enters service. 2010 forecast unchanged – adjusted EBIT expected up 0 to 3 percent and adjusted net income at prior-year level. Following a strong first quarter, Düsseldorf-based energy company, E.ON recorded significant increases in its key financial figures for the first […]

  • IHC IQIP Equipping SHL for Beatrice Foundation Installation

    28 February 2017

    IHC IQIP will provide jacket pile grippers, the Hydrohammer S-2500 with two specially designed hammer sleeves, and an internal lifting tool to Seaway Heavy Lifting (SHL), the EPCI contractor in charge of foundations for the Beatrice project.

  • USA: O’Malley Introduces Maryland Offshore Wind Energy Act of 2013

    23 January 2013
    Authorities

    Governor Martin O’Malley introduced the Maryland Offshore Wind Energy Act of 2013. Identical in all substantive respects to the bill that overwhelmingly passed the House of Delegates last year, this measure will operate within Maryland’s existing Renewable Portfolio Standard to create a framework that will support a major offshore wind project. Based on a report […]

  • PNE WIND Increases Its EBIT Forecast for 2011-2013 Due to Increased Offshore Wind Activity (Germany)

    30 March 2011
    Business & Finance

    The wind farm developer, PNE WIND AG, has increased the forecast for its cumulative EBIT for the financial years from 2011 to 2013 inclusive to EUR 60 to 72 million. This is the result of the 2010 annual accounts published today. The company bases its forecast on the increased activity in offshore wind farms, the […]

  • VolturnUS 1:8 Launched: Maine Brings U.S. Offshore Wind Dream to Reality

    1 June 2013
    R&D, Technology, Training & Education

    VolturnUS 1:8, the first grid-connected offshore floating wind turbine in the U.S., was officially launched by the University of Maine’s Advanced Structures and Composites Center and its partners yesterday at 11 am (5 pm CET/CEST). The 65-foot-tall VolturnUS prototype was lifted by a crane from the dock and lowered into the Penobscot River in Brewer. […]

  • CRANES: Huisman delivers world’s largest Leg Encircling Crane

    8 December 2015

    Huisman recently delivered the cranes for the Seajacks Scylla, the new build wind turbine installation vessel for Seajacks UK Ltd. This jack up vessel is currently nearing completion at the yard of Samsung Heavy Industries in South Korea. The Seajacks Scylla, based on the Gusto MSC NG14000X design, has been specifically designed to meet the […]

  • USA: Gannon University Hosts Offshore Wind Panel

    2 October 2013

    Gannon University hosted a panel to discuss the topic of Great Lakes Off-Shore Wind Power on Sept. 25. The first panelist to speak was Eric Ritter, the communications and strategy manager for Lake Erie Energy Development Corp. (LEEDCo), a nonprofit organization based in Cleveland. This company is working with the Department of Energy to construct […]

  • Offshore Wind Players to Class Up Jacket Node Fatigue Tests

    22 February 2017
    Contracts & Tenders, R&D, Technology

    The Carbon Trust’s Offshore Wind Accelerator announced a new GBP 2.4 million project aiming to cut the cost of offshore wind by optimising the design of jacket foundations through improved fatigue standards and validation of faster testing and fabrication methods. Jacket foundations are set to become a more dominant design solution, as monopiles are unlikely […]

  • The Netherlands: Typhoon Offshore and HVC Acquire 600MW Offshore Wind Farm from BARD

    30 August 2011
    Business & Finance

    Typhoon Offshore, the green investment company, and HVC, the Alkmaar-based energy provider to municipalities and water districts, have acquired from BARD Holding GmbH the 600MW wind farm that will be constructed in the North Sea, 55 kilometers North East of Schiermonnikoog. With this acquisition, the largest renewable energy project in The Netherlands is now fully […]

  • Offshore wind in France – The state of the industry

    13 January 2012

    The last major economy in Europe that is not a member of the offshore wind club is due to knock on the clubhouse door this year. France will be joining the club with a huge 3GW enrolment fee. This month, to be precise, 11 January 2012, was the deadline for the tenders to be submitted […]

  • AMSC To Significantly Expand Wind Business Through Proposed Acquisition of Power Technologies Company “The Switch” (USA)

    15 March 2011

    American Superconductor Corporation (NASDAQ: AMSC), a global power technologies company, today announced that it has signed a definitive agreement to acquire The Switch Engineering Oy, a power technologies company headquartered in Finland. The 190-million-Euro acquisition (approximately US$265 million based on current exchange rates) is expected to be immediately accretive and support AMSC’s growth to US$1 […]

  • Offshore Wind Costs in Belgium Lower than European Average

    28 March 2013
    Business & Finance, R&D

    The net support costs for society of offshore wind in Belgium is lower than in neighbouring countries. Gross income for the various projects also lies below the European average. This appears from a comparative report by an independent consultancy firm, 3 E, in which the various support systems of 6 European countries were compared. Pursuant […]

  • DECC Sets Out Plan to Keep UK’s Leading Position in Offshore Wind

    19 February 2014
    Authorities, Business & Finance

    Maximising the economic benefit from offshore wind is a key priority for the UK Government, reveals a new report. The Offshore Wind Programme Board (OWPB) annual report explains how the board is pursuing a comprehensive programme of real action to drive down costs and maximise benefits to the UK economy – tackling issues from skills […]

  • Report Shows 11,000 Scottish Jobs in Renewable Energy Industry

    27 March 2012
    Jobs & Recruitment, Training & Education

    A major report by Scottish Renewables has revealed more than 11,000 jobs in the renewable energy industry in Scotland. The study ‘Delivering the Ambition: employment in renewable energy in Scotland’, which will be launched at the Scottish Renewables Annual Conference in Edinburgh (27 March), is the first comprehensive assessment of full-time equivalent posts in Scotland […]

  • RWE Innogy Awards Long-Term Contracts for Port Logistics and Ship Management (Germany)

    6 January 2011

    * Award goes to „Linnhoff Offshore AG“ and „Reederei NSB“ * Cooperation for the offshore wind farms Nordsee Ost and Gwynt y Môr * Contract period of five years * German supply industry benefits with some € 80 million from the construction of RWE’s own installation vessels RWE Innogy has agreed on a long-term partnership […]

  • NOAA Approves Offshore Development Plan for RI (USA)

    25 July 2011
    Authorities

    NOAA Administrator Jane Lubchenco, Ph.D. joined Rhode Island Governor Lincoln Chafee, U.S. Senators Jack Reed and Sheldon Whitehouse, and other national and state leaders today to recognize the pioneering Rhode Island Ocean Special Area Management Plan (Ocean SAMP). This new, innovative ocean management plan improves state review processes and policies to facilitate the development of […]

  • Statoil Secures New York Offshore Wind Lease at Price of USD 42.5 Million

    16 December 2016
    Wind Farm Update

    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 […]