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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.