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GE's Haliade-X 12 MW offshore wind turbine is well suited and competitive for monopile solution over a wide range of site conditions, according to the specialist engineering firm Gavin and Doherty Geosolutions (GDG). GDG has been working with GE Renewable Energy to develop optimized XL Monopile soil-structure interaction models to support GE’s development of optimized foundation designs for […]
MHI Vestas Offshore Wind generated a net profit of EUR 26 million and secured an order intake of 3,180MW in 2018. 2018 was the first year in which MHI Vestas generated a positive net profit on a stand-alone basis since the launch of the joint venture by Vestas and Mitsubishi Heavy Industries in 2014, highlighting […]
Ørsted has reported a record operating profit of DKK 30 billion (some EUR 4 billion) in 2018, which is 33% more than the year before. The news comes as the company's Board of Directors approved the all-time-high EBITDA today, on 30 January, as part of the approval process for the annual report for 2018. Ørsted […]
The proposed reduction in 2019 Feed-in-Tariffs (FiTs) for offshore wind in Taiwan could potentially have a negative impact on Ørsted's localisation plans and the final investment decision for the company's first offshore projects in the country, a spokesperson for Ørsted told Offshore WIND.
Vattenfall's Wind division posted an underlying operating profit of SEK 1.9 billion (EUR 182.5 million) in the first nine months of 2018, a 153% increase compared to SEK 752 million reported for the same period in 2017. The increase was largely attributed to additional capacity, as well as positive price and currency effects. Vattenfall’s latest capacity […]
Offshore wind farms in combination with meshed offshore grids and cross-border interconnectors, powered by appropriate regulatory frameworks, can largely contribute to energy security in the European Union.
Building offshore wind parks without subsidy has hailed a new phase in the development of offshore wind. Next to that, the LCOE of offshore wind has dropped dramatically in the last ten years.
Ulstein Verft has contracted Uptime International to deliver its 30m access solution for the new service operation vessel (SOV) that will operate at the Merkur offshore wind farm in Germany.
New plans to build two commercial offshore wind farms near the Massachusetts and Rhode Island coasts have sparked a lot of discussion about the vast potential of this previously untapped source of electricity.
DEME Group's advanced cable lay vessel Living Stone has arrived from Santurtzi in Spain to Vlissingen, the Netherlands, where the vessel will undergo final outfittings before completion, DEME's spokesperson told Offshore WIND.
With the European Parliament recently voting on reforms to Europe’s electricity markets, aiming to modernise them and make them fit for renewables as part of the EU’s Clean Energy Package, this is still not the final deal, according to WindEurope's CEO Giles Dickson.
Rampion Offshore Wind Ltd. has made a GBP 100,000 donation to the Royal National Lifeboat Institution (RNLI) from the Rampion offshore wind farm community fund, set up to benefit communities across Sussex, UK.
Damen Shiprepair Oranjewerf has completed final outfitting and modifications on a second subsea-support walk-to-work (W2W) vessel for Vroon Offshore Services - VOS Stone.
Osbit has reported a 59% increase in its overall profit for the fiscal year ending 30 September, amounting to GBP 1.3 million, which enabled the company to make bonus payments to its 60-strong workforce.
Esvagt announced that it will fit out the Safe Transfer Boats (STBs) onboard its Service Operations Vessels (SOVs) itself from now on, and has started with the two STBs onboard Esvagt Mercator, a newly-built SOV chartered by MHI Vestas for the Belwind 1 and Nobelwind offshore wind farms in Belgium.
Monopile foundations are the best option for next generation turbines because they are the most cost-effective solution in the market, Michel Kurstjens, Chief Commercial Officer of Sif Group, said.
Seaproof Solutions has unveiled its offshore Retrofit J-Tube, for which it says that it can be adapted to a wide range of foundation types, allowing for a multitude of installation procedures and extra protection to subsea cables, umbilicals or flexible pipes.
Iberdrola posted net profit of EUR 827.6 million in the first quarter of 2017, 4.7% down on the same period last year.
Damen Shiprepair & Conversion (DSC) has been working on Vole au vent, Jan De Nul's 140m jack-up vessel purpose built for the installation of new generation offshore wind turbines, as the vessel has been deployed on two installation phases at the Belgian Nobelwind offshore wind farm.
Danish blade designer and manufacturer LM Wind Power reported EUR 51.7 million net profit for the Fiscal Year 2016, a 776 per cent increase compared to EUR 5.9 million net profit recorded in FY 2015 driven by higher sales and better operating performance.
DONG Energy left 2016 with a net profit of DKK 12.2 billion (approx. EUR 1.6 billion) – DKK 11.2 billion (EUR 1.5 billion) higher than in 2015, when the company reported a net profit of DKK 1 billion (EUR 134 million).
Siemens Wind Power and Renewables recorded a 119% increase in profit in the first quarter of the Fiscal Year 2017 compared to the same period a year earlier. The company's renewable energy arm ended the first quarter of the current fiscal year with a profit of EUR 111 million, compared to EUR 51 million profit in the […]
Siemens Wind Power and Renewables recorded an 84% rise in profit in the fourth quarter of the Fiscal Year 2016 despite a 56% slide in orders received compared to the fourth quarter of 2015. The profit in the company's renewables division was EUR 132 million in Q4 FY 2016, compared to EUR 72 million reported […]
The Highland Council has asked the Scottish government to help local authorities in setting a recommended level of community benefit for offshore wind developments. In addition, the Highland Council has asked for rapid progress to be made to agree a position on the devolution of Crown Estate incomes to Scotland and beyond to local authority level […]
Oil & gas supply chain sector should start looking into ways to diversify into renewables as oil is expected to gradually lose its share in the fossil fuel mix and renewables are projected to be the fastest growing fuel source, Paul Appleby, BP’s head of Energy Economics, said during a panel discussion at the Offshore Energy Exhibition […]
UK community fund administrator GrantScape has, on behalf of DONG Energy, issued a preliminary map showing which coastal communities in Yorkshire, Lincolnshire and North Norfolk Coast stand to benefit from the GBP 9.3 million East Coast Community Fund. The East Coast Community Fund is being set up to ensure that local people benefit from the operation of two […]