GE and Alstom announced today that GE has submitted a binding offer to acquire the Thermal, Renewables (“Power”) and Grid businesses of Alstom (ALO.PA) consisting of $13.5 billion (€9.9 billion) enterprise value and $3.4 billion (€2.5 billion) of net cash, totaling $16.9 billion (€12.35 billion). Th
The Breeze Production system takes wind farm management software beyond mere analytics by letting wind farm owners benchmark their production assets. Wind farm owners around the globe are struggling to get their wind turbines profitable. The wind, the technology and the problems affecting output are
The third step of tidal energy testing called Round Robin took place at CNR-INSEAN this month. Comparisons were based on the performance measurements of the device (torque and thrust) in a flow velocity range from 0.6 to 1.2 m/s, as was done in the first and second leg of testing. The use of the sam
The Marine Energy Research Innovation and Knowledge Accelerator (MERIKA) Project was officially launched by the Project Manager Damian Collins last night at the EIMR conference in Stornoway on the Isle of Lewis. MERIKA is an ambitious initiative by University of the Highlands and the Islands (UHI),
ABB has launched a “step change” program in its Power Systems division to thoroughly transform the business that faced a loss in the first quarter of 2014, the company said today as it released Q1 results. ABB’s operational EBITDA in Q1 is 13% down, compared to the same period of last year, mainly d
Bureau Veritas will be attending the All-Energy 2014 Exhibition and Conference, the UK’s largest renewable energy event taking place in Europe’s energy city, Aberdeen, on 21-22 May 2014. Bureau Veritas to Hold Masterclass at All-Energy 2014As the demand for renewable energy grows, projects get large
Siemens has installed the BorWin2 offshore platform in the North Sea northwest of the island of Borkum. This marks Siemens’ achievement of the second crucial milestone in the German grid connection projects under contract with the German-Dutch network operator TenneT. Siemens had already erected its
Green Marine Solutions (GMS) has signed a contract to introduce its ground-breaking marine coordination service to C-Power’s 325.2MW Thornton Bank Wind Farm operating 30 miles (48 km) off the Belgian coast. GMS will help C-Power by examining every aspect of offshore operations and maintenance. It wi
Vattenfall reports profit after tax of SEK 8.2 billion and an underlying operating profit of SEK 9.1 billion for the first quarter of 2014. The company reported high availability in all production plants – nearly 100% for nuclear power, with a significant increase in wind power generation. Several d
Businesses across the East of England keen to cash in on opportunities created by the booming energy industry are being urged to accept a free helping hand from experts. A specialist roadshow is to cruise the counties of Norfolk, Suffolk, Cambridgeshire and Essex over the next three months offering
SHIP operator Rix Sea Shuttle has netted a contract at one of Europe’s largest offshore wind farms. The company was awarded the work by Reef Subsea to support their two cable installation vessels at the RWE Innogy Gwynt y Môr development. Gwynt y Môr is one of the largest offshore wind farms current
DNV GL has updated the Worldwide Offshore Accident Databank (WOAD), the world’s leading repository of offshore accident information. The latest update to WOAD adds over 300 new accident records bringing the dataset up to the Hercules 265 blowout on 23rd July 2013. With records of 6451 accidents occu
The U.S. National Oceanic and Atmospheric Administration’s (NOAA) ships, small boats, and hydrographic services contractors have their sailing orders to survey more than 2,000 square nautical miles in U.S. coastal waters this year, collecting data that will strengthen the foundation of the nation’s
The U.S. Energy Department has announced $10 million to test prototypes designed to generate clean, renewable electricity from ocean waves and help diversify America’s energy portfolio. The Energy Department-supported demonstrations at the U.S. Navy’s wave energy test site off Hawaii’s island of Oah
