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The German government is set to instruct the Federal Maritime and Hydrographic Agency (BSH) to assess the ways of increasing the country's 2030 offshore wind capacity goal from 15GW to 20GW.
The UK government should establish a new 60 percent UK content target for British offshore wind projects, according to former UK Energy Minister Michael Fallon.
Germany's Federal Council (Bundesrat) has removed from the agenda a motion for a capacity increase in the country’s 2030 and 2035 offshore wind capacity targets.
The UK Government statistics for 2016 have shown that the number of people employed in Scotland's offshore wind sector increased by 300% and equaled 2,000 employees.
The WindConnector concept -an offshore grid infrastructure solution that can transmit electricity generated by offshore wind farms and interconnect electricity markets in the North Sea - holds the potential to lower the cost of energy for consumers by reducing need for, and making more efficient use of, offshore grid infrastructure, according to a study carried out by Pöyry.
In the third quarter of fiscal year 2017 (from April to June 2017), Siemens Gamesa Renewable Energy’s revenues were down 7% year-on-year. Revenue from the sale of wind turbines decreased by 9%, reflecting lower sales volumes of 1,950W (-25%), as a result of temporary market conditions in the onshore business, as well as normal business volatility in the offshore market, the company said.
The Switch, a specialist in drive train technology, has reported a net sales increase of 80% from EUR 40 million to more than EUR 72 million over the last year, with the Chinese wind power market and European offshore wind projects driving the company's growth.
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).
EU Commissioner Arias Cañete and EBRD President Chakrabarti today signed a new Memorandum of Understanding to enhance energy cooperation between the EU and the European Bank for Reconstruction and Development (EBRD). The new agreement will broaden the existing cooperation to a significant number of areas, including scaling-up energy efficiency financing, increasing investment in renewable energy, […]
Members of the European Parliament (MEPs) voted in favour of increasing the European Union’s target for renewables to ‘at least’ 30% by 2030. Europe currently has a target of at least 27%, which was agreed by European leaders in October 2014. The parliamentary vote, which has no direct legislative impact, sends a clear message to […]
O&M companies operating in Europe can expect off-warranty revenue to increase by up to ten times by 2025 as the offshore wind industry matures and turbines exit their warranty periods, according to the latest research note by market analysts MAKE. The industry is looking increasingly into new strategies to optimize O&M practices in order to reduce the levelized cost of […]
The owners of Marine Energy Test Centre (Metcentre) have increased the share capital of the test centre. After the capital increase, the owners of Metcentre are Rogaland County (35%), Statoil (35%), Haugaland Kraft (13%), Municipality of Karmøy (8%), Polytec research foundation (5%) and others (4%). Chairman of the board, Gunnar Birkeland says: “This capital increase is very […]
As part of 3rd Offshore Summit, an exhibition on the subject of offshore wind was held. Well-known companies from the energy sector presented their work and current projects. "The exhibition is the ideal platform for citizens to ask all their questions to the experts of participating companies. Interest is high and the dialogue increases noticeably […]
The Department of Energy and Climate Change has published its key annual Digest of UK Energy Statistics covering 2014. Electricity generated from renewable sources increased by 21% in 2014 compared to the previous year, and accounted for 19.1% of total UK electricity generation (up from 14.9% in 2013). DECC describes onshore wind as “the leading […]
Ocean Power Technologies has begun deployment of the mooring system and is waiting for a suitable weather window for final buoy deployment, said George H. Kirby, President and Chief Executive of the company. He also expects their APB-350 A1 buoy to achieve fully permitted status for deployment soon followed by the deployment this summer. Additionally, OPT […]
Gamesa unveiled its Outlook 2015-2017, with the goal of locking in the profitable growth that commenced under the preceding plan, offer sustainable and rising dividends, 25% of annual net profit, and accelerate shareholder value creation. The company projects double-digit annual growth in sales and activity during the plan, to attain 3,500-3,800 MW in 2017 and […]
Despite the difficult market environment, the German ABB performed well in the 2014 financial year. The company booked 2.4 per cent more orders in the home market over the previous year increasing the ration of all orders secured from Germany to 53 per cent. On the other hand, the total order intake, sales, operating EBITDA […]
Statkraft, a Norwegian state-owned electricity company, reported lower fourth quarter EBITDA of NOK 3486 million (EUR 404 million) compared to the last year’s NOK 3843 million (EUR 445 million). Substantial currency effects resulted in a net loss of NOK 3097 million (EUR 359 million) for this period. "In a quarter where the market was still […]
Technology service provider HiDef Aerial Surveying Limited (HiDef) announced results of their latest audited accounts for year ending 30 October 2014 to coincide with their reselection as one of UK Trade and Investment’s (UKTI) Export Champions for 2015. Within the financial year, HiDef tripled the number of overseas markets it was active in, export sales […]
The number of people working in the medium and large-scale sectors of the British onshore wind industry, and offshore wind, has risen by 8% in just over twelve months to more than 15,400 direct, full-time jobs, according to the trade association RenewableUK. This means the number of people directly employed in these key parts of […]
Following the recent news, Royal Boskalis Westminster N.V. (Boskalis) has announced that it has fractionally increased its stake in Fugro N.V. to 15.0%. Boskalis reiterates that it has no intention to make an offer for Fugro. The strategy of Boskalis is focused on offshore and (maritime) infrastructure, making use of the combination of high end […]
DNV GL announced its latest Joint Industry Project (JIP), aiming to develop a safe and reliable calculation concept for the life-time of slewing bearings which will increase the reliability of wind turbines. Extreme weather, heavy loads and remote locations are some of the challenges for wind turbines, requiring the highest level of reliability for the […]
ECN introduces an advanced control system that individually adjusts wind turbine blades. This makes it possible to construct larger wind turbines that generate up to 13% more energy. It is a well-known fact that wind energy production costs of large wind turbines are lower and the yield is higher. However, a problem with large turbines […]
Those who doubt the value of windpower in generating power for the UK are being urged to think again by James Gray, inward investment director for EEEZ, the East of England Energy Zone. He wants to see the nation’s politicians, business leaders and energy industry fully behind the many initiatives for future windpower development – […]
Strategic Marine, a leading specialist shipbuilder, has appointed Dennis Thomsen as its Business Development Manager aimed at boosting its presence in the wind vessel and European work boats markets. He will be based out of Singapore. Dennis will be responsible for all wind vessel and European workboat related business development activities including strategic planning and […]