Search results for: sold

335 results

A list of search results

  • 23 May 2016
    Authorities, Business & Finance

    Eddie O’Connor, the founder and CEO of Mainstream Renewable Power, has been appointed as the Global Wind Energy Council’s (GWEC) new Global Ambassador. In his new role, O’Connor will work with GWEC to ensure that the wind sector’s voice is heard, and that more and more countries understand the benefits that the industry can bring […]

  • 15 May 2016
    Business & Finance, Operations & Maintenance, Vessels

    Oil and gas offshore service vessel operators are becoming increasingly interested in the offshore renewables industry as their main market deteriorates; however, vessel operators that specialize in the renewables sector such as Chevalier Floatels have an edge over the new competitors in that their vessels are finely tuned to serve the renewables market with streamlined execution and cost-efficiency, Marcel Roelofs, the Dutch company’s […]

  • 13 May 2016

    The load-out of the jacket for the Burbo Bank Extension offshore wind farm’s substation took place on 11 May at Smulders’ Hoboken yard, the company reported. The jacket, weighing 985 tonnes, was transported by the Matador 3 from the dry dock to the Engie Fabricom yard, where it was placed on a pontoon. The topside and jacket […]

  • 12 May 2016
    Business & Finance

    Sif Holding N.V., a Dutch manufacturer of foundation components for offshore wind and offshore oil & gas markets, completed the listing process on Euro Next Amsterdam on May 12. The company has sold 8 million ordinary shares priced at EUR 14, for a total of EUR 112 million. In addition, the placement includes an over-allotment option of […]

  • 12 May 2016
    Business & Finance, Grid Connection

    Germany’s RWE Group recorded an operating result of EUR 154 million at its renewables division in the first quarter of 2016, a slight increase compared to EUR 153 million reported for the same period a year earlier, with two newly commissioned offshore wind farms in the UK and Germany helping offset a one-off income included in […]

  • 10 May 2016
    R&D, Vessels

    Wind Farm Support Vessels (WFSVs) have increased in size in the last twelve months following the changes to the UK and German codes and regulations which allowed the vessels to be longer than 24-metre load line and to carry more than 12 technicians, and the trend is set to continue, according to Ed Dudson, Technical Director at […]

  • 4 May 2016
    Business & Finance

    In its annual results for 2015, Mainstream Renewable Power marked the sale of the Hornsea Project One to DONG Energy in Q1 2015 as part of its strategy to exit the offshore wind market. The company, which reported a profit after tax of € 96.0 million in 2015 (compared to a loss of € 46.6 million in […]

  • 28 April 2016
    Business & Finance

    DONG Energy will cover additional costs of UK businesses “going green”, so that they can access renewable electricity and achieve their sustainability ambitions without commercial disadvantage, the offshore wind developer informed today. “We are taking this bold step because we believe that all businesses should have access to renewable electricity supply without paying a premium,” said Jeff […]

  • 20 April 2016
    Technology, Wind Farm Update

    Scotland-based subsea and offshore cementing specialist FoundOcean is getting ready to start working on 32 wind turbine foundations at the 258MW Burbo Bank Extension offshore wind farm. Van Oord Offshore Wind Projects have been contracted to transport and install the project’s 32 monopiles and transition piece foundations, supply and install the scour protection and provide the logistics between […]

  • 14 April 2016
    Business & Finance, Technology, Vessels

    Raytheon Anschütz, together with its exclusive Norwegian distributor Syberg AS, has won a contract for the delivery of a navigation system to the Havyard-designed wind farm service vessel being built for the Danish shipping company Esvagt.  The 88-metre Havyard 931 CCV (Crew Change Vessel) is planned to be delivered by Astilleros Zamakona Shipyard in Spain in the second quarter of 2017. Havyard […]

  • 14 April 2016
    Business & Finance, Environment, Grid Connection, Technology

    Multinational energy conglomerate General Electric (GE) is hoping the successful completion of the 900MW DolWin 3 offshore grid connection project will prove a good reference in the company’s future bids for German offshore wind projects, Reuters reports. Germany’s offshore wind sector ”has become very important” to GE, Carlos Haertel, CEO at GE Germany & Austria, was quoted by Reuters […]

  • 7 April 2016

    On 5 April, the European Wind Energy Association (EWEA) became WindEurope.  The organisation explained that its brand needed to evolve as the wind energy, which moved from a niche sector to a mainstream industry, is evolving. “This is a pivotal moment and we look forward to continue to work with you in order to ensure the growth and prosperity […]

  • 16 March 2016
    Business & Finance, Vessels

    A2SEA has today disclosed plans to dissolve all of its non-core business operations and focus solely on installation of foundations and turbines offshore. A2SEA told its employees and the employees of its subsidiary, CT Offshore, that the planned shift in focus and priority will lead to CT Offshore not taking on any more projects, with all of the company’s vessels and equipment to be sold. […]

  • 7 March 2016
    Business & Finance

    Hamburg-based wind turbine maker Senvion Group has, together with its owners Centerbridge and Arpwood, set the price range for the company’s shares in the planned private placement at EUR 20 to EUR 23.50 per share, with the trading expected to start on 18 March. Senvion is offering up to 29.9 million shares from the holdings of the existing shareholders […]

  • 25 February 2016
    Business & Finance, Operations & Maintenance

    Ballast Nedam has sold its current portfolio of 4 offshore wind inspection and maintenance contracts to Deutsche Windtechnik BV, the Dutch subsidiary of Deutsche Windtechnik. The sale involves 5-year inspection and maintenance contracts for offshore wind farms Eneco Luchterduinen, Prinses Amaliawindpark, Butendiek, and Westermeerwind. The transaction also includes two staff members involved and is effective from January 1, 2016. Ballast […]

  • 28 January 2016
    Business & Finance, Wind Farm Update

    SSE has marked a 21.4 increase in total electricity output from renewable sources for the nine months ended 31 December, 2015, compared to the same period a year earlier. The Perth-headquartered energy company’s output from renewable resources, including offshore wind farms, was 6.8 TWh for the period, compared to 5.6 TWh recorded for the nine months ended […]

  • 22 January 2016
    Business & Finance, Wind Farm Update

    Scotland-based SSE has sold a further 10% stake in the Beatrice offshore wind farm to its joint venture partner Copenhagen Infrastructure Partners (CIP). SSE now holds a 40% stake in the project, with CIP controlling a 35% stake, and Repsol the remaining 25%. SSE says that the sale marks another key step in the project’s preparation […]

  • 21 December 2015

    The UK Parliament’s Environmental Audit Committee (EAC) has warned the Government that its proposed privatisation of the Green Investment Bank (GIB) must not go ahead unless Ministers can ensure that the Bank’s guiding green objectives are protected and strengthened. GIB invests on a commercial basis primarily in areas such as non-domestic energy efficiency, waste, and […]

  • 11 December 2015
    Grid Connection

    On Sunday, 13 December, two 475-ton electric transformers for the onshore substation of the DolWin3 project will embark on the last stage of their journey to the Dörpen West converter station in Heede, Germany. The transport of the transformers started in late November from GE’s transformer factory in Mönchengladbach. In 2013, TenneT awarded a contract for the […]

  • 9 December 2015

    Following the announcement that MHI Vestas Offshore Wind signed a 10-year contract with Esvagt for a service operation vessel (SOV), Turkish Cemre Shipyard reported that it signed a contract with Esvagt for the delivery of the Havyard-designed SOV. Havyard Design & Solutions will provide the Havyard 831 SOV design and equipment package for the shipyard, which is going to build […]

  • 4 December 2015
    Business & Finance, Grid Connection, Wind Farm Update

    Balfour Beatty has sold 33.3% of its interest in the Greater Gabbard Offshore Transmission (OFTO) project for a consideration of £25.5 million. The investment is being acquired by funds managed by Equitix, an investor and fund manager of core infrastructure assets. The consideration is to be paid in cash in full on completion of the […]

  • 2 December 2015

    The rugby world cup tournament is about to start in England as this article is being written. Just as the rugby fans will have waited 4 years for the whistle to announce the start of the first match, England versus Fiji, so the offshore wind industry has waited eagerly for the whistle to start for […]

  • 24 November 2015
    Business & Finance

    New York-based private investment firm Centerbridge Partners is reportedly planning to list the German wind turbine manufacturer Senvion less than seven months after completing the acquisition of a 100% stake in the company for EUR 1 billion, Reuters reports.  Centerbridge has partnered up with JP Morgan and Deutsche Bank on the listing which might put a value of EUR 1.5 […]

  • 12 November 2015
    Business & Finance, Operations & Maintenance, Vessels

    UK-based marine service provider Marine and Towage Services Group Ltd. (MTS) has completed the charter to deliver the Sea Slice, a specialist offshore vessel, to its new Danish owners, Advanced Offshore Solutions. The 1996-built Sea Slice, originally designed as an experimental vessel for the US Navy, was sold last year to Advanced Offshore Solutions for deployment in the European […]

  • 12 November 2015
    Business & Finance

    Vattenfall has sold 88 older turbines from 19 wind farms on Jutland with a total capacity of 65 MW to Green Power Partners K/S for undisclosed sum. The sale of a number of smaller wind farms on Jutland will allow Vattenfall to focus specifically on large onshore and offshore wind power projects. “The size of […]

  • 11 November 2015
    Business & Finance

    Spanish wind energy developer, Gamesa, has doubled net profit to €126 million in the first nine months of 2015. The result is driven by improvements in revenues (+30.4%) and underlying EBIT (+67.2%), and is in line with the Business Plan 2015-17, according to the company. Gamesa experienced strong growth in wind turbine revenues (+35%) as activity surged 26% […]