2939 results found for 'failure'

2939 results found for 'failure'
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  • Offshore Wind of Change for China

    30 December 2011

    The two figures of “100 million” and “10 million” are extremely meaningful to each Chinese people. By the end of October, the total installed capacity of China Guodian Corporation surpassed 100 million kilowatts, among which wind power 10 million kilowatts, the symbolic WTG is located at Jiangsu Rudong Offshore (Intertidal) 150,000 kilowatts Large-Scale Demonstration Wind […]

  • New York Offshore Wind Developers Ask for Inflation-Related Price Relief, NYSERDA Argues Some Requests ‘Not Tied to Inflationary Pressures’

    1 September 2023
    Authorities, Business & Finance, Wind Farm Update

    This summer, the developers of the Sunrise Wind (Ørsted and Eversource) and Empire Wind 1 & 2 and Beacon Wind projects (Equinor and BP) filed petitions with the New York State Public Service Commission (PSC), seeking price adjustments to their contracts with the New York State Energy Research and Development Authority (NYSERDA). In response to […]

  • UK Publishes Strategy to Unlock Potential GBP 7 Billion

    1 August 2013

    Government and business have today published a long-term strategy that will strengthen the UK’s position in the offshore wind industry. The multi-million pound investment has the potential to unlock £7 billion in the economy by 2020. Investments by the government will include £20 million from the Regional Growth Fund to improve the UK wind industry’s […]

  • EUR 1,289 M Investment Financing for the Construction and Operation of a 325 MW Offshore Wind Farm (Belgium)

    26 November 2010
    Business & Finance

    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 […]

  • RWE Working on 1.6 GW Offshore Wind Project in Sweden

    20 December 2021
    Wind Farm Update

    RWE Renewables has completed geophysical and environmental surveys for the Södra Midsjöbanken offshore wind project in the Swedish part of the Baltic Sea, for which the German-based developer is preparing an application for a Natura 2000 permit. “Despite some tough winter conditions in the Baltic Sea the project reached this important milestone before the end […]

  • Trends in recruitment: A shift to permanent positions to increase efficiency

    24 July 2014

    The offshore wind energy industry has shown a considerable growth over the years which in turn has resulted in an increase in jobs. As the growth continues in the years to come so will the number of jobs. In the UK alone, there are 7,000 full time jobs in the sector, growing to a possible […]

  • Siemens Ends 2011 Fiscal Year with Record Breaking Results (Germany)

    10 November 2011
    Business & Finance

    Siemens ended fiscal 2011 with record operating results and begins the new fiscal year in a position of strength. Total sectors profit climbed by 36 percent to €9.1 billion, income from continuing operations by nearly two-thirds to €7 billion. Revenue and new orders also increased. While revenue from continuing operations grew seven percent to €73.5 […]

  • BP and Equinor Part Ways in US

    26 January 2024
    Business & Finance, Project Updates, Wind Farm Update

    Equinor and BP have reached an agreement to restructure the ownership of their joint US offshore wind projects which, following completion, will result in BP taking ownership of Equinor’s 50 per cent stake in the Beacon Wind 1 and 2 projects and Equinor taking ownership of BP’s 50 per cent stake in the Empire Wind […]

  • Massachusetts DPU Approves Offshore Wind Power Supply Contracts, Including PPAs for Avangrid’s Commonwealth Wind

    4 January 2023
    Authorities, Contracts & Tenders, Wind Farm Update

    The Massachusetts Department of Public Utilities (DPU) wrapped up 2022 by issuing several new orders, among them also an order approving the power purchase agreements (PPAs) for Mayflower Wind and Commonwealth Wind projects, although Avangrid filed a motion to dismiss the proceedings for the latter in mid-December, with plans to re-apply at the upcoming state […]

  • Irish Government Sets New Offshore Wind Rules, Industry Warns They Could Delay Projects

    15 March 2023
    Authorities, Industry

    The Irish government has approved a new framework for offshore wind project procurement and development that will be in effect for auctions and projects that will follow after the country’s upcoming, first-ever offshore wind tender. The wind energy industry in Ireland has voiced concerns about some of the changes the new policy brings, saying it […]

  • Report: New Jersey’s Offshore Wind Potential Is an Untapped Jackpot

    5 January 2016
    Authorities, Business & Finance, Grid Connection, Wind Farm Update

    New Jersey may have lost the race to build the first offshore wind facility in the nation, but the potential for offshore wind power production is still highest off the Jersey Shore, according to a new report by Environment New Jersey Research and Policy Center report. Using data from the US National Renewable Energy Laboratory, […]

  • Reportlinker Announces ‘Global and China Marine (Offshore) Engineering Industry Report, 2012’

    31 October 2012
    R&D

    Reportlinker.com announces that a new market research report “Global and China Marine (Offshore) Engineering Industry Report, 2012” is available in its catalogue. The shipbuilding industry has been sluggish since H2 2011. In contrast, the offshore engineering industry is in a much better condition. In H1 2012, the fulfilled orders of global offshore engineering market totaled […]

  • SMM Hamburg Messe organizes first offshore workshop (Germany)

    17 August 2010
    Training & Education

    At this year’s SMM Hamburg Messe, with the support of the Federal Ministry of Economics and Technology, is organising a two-day SMM Offshore Dialogue. This will take place on 8th and 9th September as part of the side programme at the world’s leading international shipbuilding exhibition at Hamburg Fair site. With its main themes of […]

  • Vestas Publishes Interim Financial Report (Denmark)

    4 May 2011
    Business & Finance

      Vestas generated first-quarter revenue of EUR 1,060m, an increase of 25 per cent relative to the first quarter of 2010, and as announced realised a loss. The EBIT margin fell from (4.6) per cent to (6.5) per cent. The development confirms that revenue and earnings may show major quarter-onquarter fluctuations depending on the capacity […]

  • US President Proposes More Money for Offshore Wind Activities and No Tax Subsidies for Oil and Gas in 2024 Budget

    13 March 2023
    Authorities, Business & Finance

    On 9 March, the Biden-Harris administration released the President’s Budget for Fiscal Year (FY) 2024, with funds for federal agencies’ activities in offshore wind proposed to be increased. The budget also supports the agencies’ work on the next National OCS Oil and Gas Leasing Program, however, in terms of corporate support, it eliminates tax subsidies […]

  • New York State Selects Two Shovel-Ready, Re-Bid Projects in 4th Offshore Wind Solicitation

    29 February 2024
    Business & Finance, Contracts & Tenders, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    New York State Energy Research and Development Authority (NYSERDA) has selected Equinor’s Empire Wind 1 and Ørsted and Eversource’s Sunrise Wind projects in the state’s fourth offshore wind solicitation. Both projects secured agreements with the state earlier and re-bid in this procurement round to negotiate new 25-year contracts. NYSERDA and the developers of the selected […]

  • Vattenfall Comments on Greenpeace’s Energy Report

    5 March 2014
    Business & Finance

    In a newly published report, Greenpeace claims that European energy utilities have spent their efforts on maintaining businesses mainly based on fossil fuels instead of promoting the introduction of renewable sources of energy. “Vattenfall is fully commited to act as a partner of the energy turnaround and will continue to seek good solutions for adapting […]

  • With 15+ MW Wind Turbines on Horizon, Installation Fleet Lags Behind – Report

    5 May 2021
    R&D, Technology, Vessels

    Rapid advances in offshore wind turbine technology are currently outpacing the infrastructure capacity needed to install them, a new report from the Clean Energy Technology service at IHS Markit warns. Offshore wind annual gross capacity additions are expected to grow sixfold by 2030 due to dramatic cost reductions, advances in technology, favorable policies and ever-increasing […]

  • The Netherlands: Fugro Lifts Profit Outlook Due to Higher Demand for Energy

    18 November 2011

      This profit forecast does not take into account the change in the fair value of Fugro’s participation in Electromagnetic Geoservices ASA (EMGS). Based on the current EMGS share price the value of the investment would be around EUR 7 million higher. The net result after tax of Fugro for 2010 was EUR 272.2 million […]

  • New Wind Towers Factory in Pueblo – the World’s Largest – Officially Opens for Business (USA)

    13 October 2010
    R&D

    Vestas Towers America, Inc., today announced the grand opening of the world’s largest wind tower manufacturing plant. The new Pueblo, Colorado facility features nearly 13 million square feet of space and eight miles of on-site railway tracks for the transport of materials and finished tower components. The opening of Vestas Towers gives Vestas, a global […]

  • A Win for Coexistence in North Sea | BP and Ørsted Reach Agreement on Offshore Wind-CCS Project Overlap Area

    26 June 2023
    Wind Farm Update

    Ørsted and BP have reached an agreement on the previously disputed overlap area between the Hornsea Four offshore wind farm and the Endurance carbon storage site, developed by the Northern Endurance Partnership (NEP) that gathers BP, Equinor and TotalEnergies. Quick overview: Ørsted submitted an application for the development consent order (DCO) for the 2.6 GW […]

  • Swansea-Based Company Raises GBP 1 Mln for Wave Device Development

    8 July 2014
    Business & Finance, R&D, Technology

    Marine Power Systems (MPS), a Swansea-based company that is developing revolutionary technology designed to capture the energy from ocean waves, has raised more than £1 million from a panel of local business angels and the Welsh Government. The company, co-founded by Swansea University graduates Dr Gareth Stockman and Dr Graham Foster in 2009, will use […]

  • Geoquip Marine Responds to Jones Act Breach Allegations

    17 November 2021
    Authorities, Business & Finance, Vessels

    Offshore geotechnical engineering and drilling company Geoquip Marine has issued its response to allegations made by the American Offshore Marine Service Association (OMSA) that the company’s integrated geotechnical survey vessel (IGSV) Geoquip Saentis is working in contravention of the Jones Act.

  • DNV GL to Address Energy Industry’s Most Pressing Issues at CIGRE 2014

    21 August 2014

    DNV GL (uniting DNV, KEMA, Garrad Hassan and GL Renewables Certification) will offer key insights into the most pressing issues facing the energy industry today and in the future at the CIGRE session for electric power systems in Paris between the 25th and 29th of August 2014 (stand number 355). “At a time of great […]

  • Powering Europe – New Report Sets Out Vision for the Future European Grid and Markets

    24 November 2010

    Today the European Wind Energy Association (EWEA) publishes a new report with a vision for a modern renewable energy power system, which sets out how the grid can integrate increasing amounts of wind energy. Last week the European Commission said: “The EU pays the price for its outdated and poorly interconnected energy infrastructure”. Today the […]

  • THE WINDS OF CHANGE

    24 October 2016

    Recently, it was announced that oil and gas giant Shell would unveil their ‘New Energies’ division, initiating their first move into the renewables market. With their latest bid already on the table with Eneco and Van Oord, if successful, the oil and gas corporation is set to build its first two offshore wind farms in the […]