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Sif has reported that offshore wind accounted for approximately 83% of revenues and 69% of total contributions in the company's 2018 financial year figures. Sif saw a 28% loss of revenue in 2018, amounting to EUR 235.1 million, and a 45% loss in contribution, amounting to EUR 74.3 million. The gap in the production schedule and […]
Siemens Gamesa Renewable Energy (SGRE) reported an offshore wind turbine order intake totalling 2,272MW in its fiscal year 2018 – 31% more than in FY 2017 – with a total value of approx. EUR 2.78 billion.
Offshore wind has taken one of the leading roles in James Fisher & Sons' results for the first half of 2018, as the group's Marine Support business division marked revenue growth of 21% – the highest of all James Fisher divisions – mainly powered by activities in the UK offshore wind market.
What Sif Group had been expecting and preparing for when it comes to this year has been reflected in the company's results for the first half of 2018.
James Fisher and Sons has reported a revenue that climbed 9% in 2017 compared to the previous year, exceeding GBP 500 million for the first time. With an underlying operating profit of GBP 55.8 million, the company marked a 10% increase from GBP 50.8 million posted for 2016. Three out of four James Fisher's business divisions saw a boost in their profits, with the Marine Support division – which serves the offshore renewables sector – leading with an increase of 17%.
The results of the call for offshore wind tenders in the Dunkirk area in France will be released in March, said French Secretary of State Sébastien Lecornu.
Lamprell's East Anglia ONE project, involving fabrication of 60 jacket foundations and their accompanying piles, has brought startup costs and inefficiencies with the learning curve proving to be steeper than anticipated, according to the company, who said it now expects the project to make a significant loss that will be booked in 2017.
Subsea 7 reported a revenue of USD 1,063.3 million (approx. EUR 916 million) for the third quarter of 2017, a 15% increase compared to Q3 2016, largely due to increased activity in the renewables sector with the Beatrice project being in the spotlight.
From April to September 2017, Siemens Gamesa marked strong performance in its offshore business with an increase of 16% in revenues. This contrasts the company's overall results for the period, as Siemens Gamesa reports a 12.3% fall in revenues.
Dutch nearshore wind farm Westermeerwind generated 69.7 GWh of electricity in October, marking the best monthly result ever for the 144MW wind farm since its inauguration in 2016.
Commenting on Fugro's financial results for the third quarter of 2017, which were below the company's expectations, CEO Paul van Riel said that Fugro has strong positions in the renewable energy market with good potential for further growth.
Vattenfall's wind energy unit reported an underlying operating profit of SEK -0.3 billion (approx. EUR 31 million) for the third quarter, due to lower availability resulting from grid outages and cable issues in some offshore wind farms.
WindEurope has called on the UK and other European governments to provide more clarity to the offshore wind industry after 2020 by committing to ambitious offshore wind deployment targets. The association's call came yesterday, 11 September, following the results of the UK Contracts for Difference (CfD) auction.
Scotland's Moray Council has welcomed the awarding of the Contract for Difference to the 950MW Moray Offshore Windfarm (East) project, adding that Buckie harbour is ideally placed to support the construction of the project.
RenewableUK is predicting a significant fall in the cost of offshore wind when the results of long-awaited competitive auctions for new contracts to provide clean electricity are unveiled next week.
E.ON's Offshore Wind/Other division generated 2.1 billion kWh of electricity in the first half of 2017, on a par with the results reported for the first half of 2016.
According to Bladt Industries' 2016 annual results, the company saw a very favourable year with offshore wind projects as the main driver. Bladt reported a revenue increase from DKK 3 billion (approx. EUR 403 million) in 2015 to DKK 3.5 billion (approx. EUR 470 million) last year.
Copenhagen-based engineering, design and consultancy company Ramboll ended 2016 with a net profit of DKK 176.9 million (EUR 23.7 million), a 132% jump compared to DKK 76.3 million net profit reported a year earlier.
Even though Iberdrola's overall gross operating profit (EBITDA) improved by 5.5% in 2016 compared to the year before, the company yesterday reported an 8.9% decrease in its renewables business EBITDA, driven by weaker performance in the UK due to foreign exchange and lower wind resource throughout the year.
Swedish energy company Vattenfall marked a slight dip in net sales at its wind division in the Fiscal Year 2016 despite adding 297MW of new renewable capacity throughout the period.
Spanish energy company Iberdrola's renewables division recorded a gross operating profit (EBITDA) of EUR 1.14 billion in the first nine months of 2016, down 3.3% compared to the first nine months of 2015, due to the poorer performance and the exchange rate effect in the United Kingdom. The company's renewables division is currently building 1,064 new megawatts […]
DONG Energy has announced the results of its Initial Public Offering (IPO) through which 17.4% of the company's shares have been allocated to more than 36,000 new investors at the final offer price of DKK 235 (EUR 31.6), leading to a market capitalisation of the company of DKK 98.2 billion (EUR 13.2 bn). The admission to trading and official listing of […]
In early 2016, Jan De Nul signed a contract for cable installation at a Geman offshore wind farm, the company reported in its financial results yesterday. However, Jan De Nul did not reveal any further details, such as the client's name and the project in question. Offshore WIND contacted the company via email, but it has […]
In its preliminary 2015 results, DNV GL has reported an operating revenue of NOK 23.389 million (approx. EUR 2.5 million) for 2015, which is an increase by 8.2% compared to the previous year (NOK 1,766 million; approx. EUR 186,413). Group President and CEO of DNV GL, Remi Eriksen, said: "Given the challenging market conditions, particularly in the oil & gas industry, […]
The commissioning of new wind farms with a total generating capacity of some 1GW, including Nordsee Ost and Gwynt y Môr, had a considerably positive impact on 2015 financial results of RWE's Renewables Division. The unit posted an operating result of EUR 493 million, more than double the amount it marked the year before (EUR 186 million). On the other […]
A windy and rainy summer in Scotland and Ireland helped the Perth-based energy company SSE plc improve its total operating profit and profit before tax for the six months to September 30 2015, with over one third of the company's energy output coming from renewables. SSE reported GBP 701.9 million total operating profit and GBP 548.8m profit before tax for […]