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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 […]
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Authorities, Contracts & Tenders
The Dutch government did not just single-handedly decide to go forward with zero-subsidy tenders, serious developers tell and show it is possible, and as long as this is the case the government will not provide unnecessary subsidies or other forms of market protection, Ruud de Bruijne from the Netherlands Enterprise Agency (RVO.nl) said in an interview with Offshore WIND.
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Continuing its significant momentum supporting offshore wind energy and transmission, the Department of Interior declared there to be no competitive interest for the use of certain areas of the U.S. Outer Continental Shelf (OCS) to construct an offshore transmission system being proposed by the Atlantic Wind Connection (AWC). After a year of intensive internal and […]
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NRG Bluewater Wind President Peter Mandelstam used the proceeds from the 2001 sale of a wind project he built in Montana to found Bluewater Wind and focus on ocean wind. “I stopped doing on-land projects,” Mandelstam said, “because I could see the market was crowded, all the best sites were going to be taken up […]
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LM Wind Power Group made continued progress despite being faced with a range of external pressures, maintaining profitability for 2011 with revenue of EUR 707.5 million and EBITDA of EUR 73.9 million. The results are in line with expectations for the year, yet disappointing and lower than last year. The revenue for LM Wind Power […]
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Business & Finance, Grid Connection
American Superconductor Corporation, a global power technologies company, reported financial results for fiscal year 2010 ended March 31, 2011, and the first quarter of fiscal year 2011 ended June 30, 2011. The company’s fiscal 2010 results include previously announced restatements of results for the second and third quarters of fiscal 2010. The company has […]
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The Swedish port of Karlskrona is the home to the ABB High Voltage cables division. This is where HVDC and HVAC cables for the offshore industry are designed and produced since mid of last century. Today the infield and the export cables for offshore wind farms are part of the portfolio. The offshore cable installation works are also coordinated from […]
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SSE plc has announced half year results for the six months to September 2012. Lord Smith of Kelvin, Chairman of SSE, said: “SSE’s focus is always on full-year results, because the potential for volatility is always much greater in a half year period, but it is obviously encouraging that adjusted profit before tax in the […]
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Cape Wind has responded to Associated Industries of Massachusetts (AIM) / Massachusetts Competitive Partnership (MCP) newspaper ad by issuing the following press release: Big Picture: Cape Wind has been reviewed carefully for 12 years, during which time it has earned the approval of 17 Federal and State agencies that have confirmed Cape Wind would create […]
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The tradeoff between rising energy costs and the low carbon agenda continues to see policy makers retreating from traditional renewable energy support mechanisms; forcing the industry to look for innovative financing solutions. At the same time, energy mix optimization has come to the fore, particularly in emerging markets, with governments increasingly seeing the need to […]
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Offshore renewable energy is evolving rapidly, with offshore wind being one of the pioneer sectors. Energy generated from offshore wind farms needs an efficient transmission system of subsea power cables to connect to the onshore network. Energy transmission networks can form the most expensive components of offshore wind farms. Setting aside the actual manufacturing and installation costs, the potential costs related to a […]
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The US is expecting to create a whole manufacturing industry which will grow on the back of investments, contracts, manufacturing, jobs and services, for the OW sector. Written by Julian Jackson for New Energy Update by Reuters Events How Likely Is This? In the longer term it is obvious that having significant manufacturing capacity in coastal US […]
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Are you ready for the new dawn in offshore wind? At the Offshore Wind Conference 2018 (OWC 2018), you can discover how you and your company can prepare for the new industry standards throughout several sessions that jointly aim to cover everything needed to get the full picture of what lies ahead.
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C-Power is pleased to announce that it has closed the financing of the second and third phases of the offshore wind farm on the Thornton Bank (located about 30 km in the North Sea off the Belgian coast). A group of 7 commercial lenders: KBC, Rabobank, Société Générale, KfW Ipex-Bank, Commerzbank, Dexia and ASN Bank […]
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By Jakub Vastmans, Senior Manager Service Product Management at NKT Over the past decades, thousands of kilometres of high-voltage submarine cables have been installed, making them a critical element of our electricity infrastructure. Most prominently, they enable the transmission of offshore-generated wind energy by serving as array and export cables. However, the main application of […]
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Authorities, Business & Finance, R&D, Technology
The UK Department for Business, Energy and Industrial Strategy (BEIS) has awarded GBP 31.6 million (approximately EUR 37.7 million) in grant funding to eleven projects through the Floating Offshore Wind (FOW) Demonstration Programme. With an aim of reducing costs as well as increasing the rate of deployment of floating wind turbines, the funding will support […]
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Meewind is aiming to raise funds to realise the second phase of the Belgian offshore wind farm, Belwind, following the success of the first phase completed in 2010. Located at Bligh Bank, 46km from the Belgian port of Zeebrugge, Belwind comprises 55 wind turbines providing 165MW and energy for 185,000 households. The first phase of Belwind was finished in December 2010 […]
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American Superconductor Corporation (NASDAQ: AMSC), a global power technologies company, announced today that it has licensed several of its proprietary AMSC Windtec(TM) wind turbine designs to Beijing JINGCHENG New Energy Co., Ltd. (JCNE), a subsidiary of state-owned Beijing JINGCHENG Machinery Electric Holding Co., Ltd., which also owns Beijing BEIZHONG Steam Turbine Generator Co., Ltd. (BSTG). […]
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Progress is lagging behind the Crown Estate’s intended timescales for Round 3 of the UK’s offshore wind programme. Why is this so and what can be done to put Round 3 projects back on track? The UK is currently the world leader in the generation of offshore wind energy thanks to the first two […]
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SSE (Scottish and Southern Energy plc) will enter its close period on 1 October 2011, prior to the publication on Wednesday 9 November 2011 of its financial report for the six months to 30 September 2011. As stated in its Interim Management Statement on 21 July 2011, SSE expects that a particularly large proportion […]
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Suzlon has installed over 15,000 MW of wind power capacity in 25 countries, established operations across 32 countries, with a workforce of over 13,000 personnel. Group orderbook rises to record US$ 7.3 bn; increase of 35 per cent. Group revenues of Rs. 4,433 cr. (US$ 968 mn). EBITDA of Rs. 182 cr. (US$ 40 mn); […]
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As a result of the unusually warm weather experienced in the UK in recent months, and the corresponding impact on consumption, it is currently anticipated that Centrica’s 2011 earnings may be marginally lower than current market expectations, with the reduction in operating profits offset in part by lower interest and tax charges. Subject to weather […]
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Business & Finance, Wind Farm Update
15-year offtake Power Purchase Agreements (PPAs) have been signed for the third phase of the 3.6 GW Dogger Bank, the world’s largest offshore wind farm, SSE Renewables and Equinor said. Dogger Bank Wind Farm will be constructed over 130 kilometres out to sea off the north-east coast of England and is expected to be fully […]
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Below, we bring an article on the UK’s offshore wind energy status and potential, written by Simon Watson, Professor of Wind Energy at Loughborough University, and originally published by The Conversation. In 1993, nine 300kW turbines were installed on the eastern pier at Blyth Harbour, near Newcastle on England’s east coast. One can question whether this […]
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In the race to transition from fossil fuels to renewable sources of energy and avoid runaway climate change, wind has opened a wide lead on both solar and geothermal energy. Solar panels, with a capacity totaling 70,000 megawatts, and geothermal power plants, with a capacity of some 11,000 megawatts, are generating electricity around the world. […]
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Xinjiang Goldwind Science & Technology Co., Ltd. (“Goldwind”) has announced its financial results for the nine months ended 30 September 2012 (the “reporting period”). According to unaudited financial statements prepared in accordance with the People’s Republic of China accounting rules and standards, the Group generated revenues of RMB 5,946.28 million, net profits of RMB48.49 million,and […]
