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Business & Finance

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Siemens Gamesa Reports 15% Revenue Increase in Q1 2021
Business & Finance

Siemens Gamesa Reports 15% Revenue Increase in Q1 2021

Siemens Gamesa has reported a revenue of EUR 2.3 billion for the first quarter of the financial year 2021, a 15% increase said to be supported by strong offshore growth. In the announcement of its preliminary results for Q1 FY2021, Siemens Gamesa reported an order intake of EUR 2.3 billion, a decrea

about 5 years ago
Fécamp site from shore, rendering wind turbines
Business & Finance

Fécamp Offshore Wind Farm Launches Crowdfunding Campaign

A crowdfunding campaign for the construction of the Fécamp offshore wind farm in Normandy, France, has been launched on the Kiwaï platform for Normandy residents who wish to invest in the project. The crowdfunding campaign is aiming at a loan amount of EUR 750,000, with contributions ranging from a

about 5 years ago
Mammoet Opens New Taiwan Office
Business & Finance

Mammoet Opens New Taiwan Office, Starts Co-Op with TIPC

Mammoet is opening a new office in Taichung, Taiwan, to be closer to project sites and to offer onshore services for offshore wind farms locally. In particular, Mammoet will provide engineering, heavy lifting and transportation solutions, including marshaling, ballasting, weighing, load-in and load-

about 5 years ago
Ørsted Sets Up Offshore Wind Trust in New Jersey
Business & Finance

Ørsted Sets Up Offshore Wind Trust in New Jersey

Ørsted has launched a USD 15 million fund to support businesses in New Jersey to enter the offshore wind industry. The Pro-NJ Grantor Trust will offer New Jersey-based small, women-owned and minority-owned businesses support in re-tooling their businesses to enter the offshore wind industry. It will

about 5 years ago
Smulders Produces 2,000th Transition Piece
Business & Finance

Smulders Produces 2,000th Transition Piece

Smulders has produced its milestone 2,000th transition piece, destined for the Saint-Nazaire offshore wind project in France. Smulders says it started with the production of the 2,000th transition piece this month, which is barely six years after celebrating the 1,000th transition piece. The milesto

about 5 years ago
An offshore converter platform at an offshore wind farm
Business & Finance

Germany Adds (Only) 219 MW of Offshore Wind to Its Grid in 2020

Germany saw 32 offshore wind turbines with a total capacity of 219 MW connected to the grid in 2020, with no new wind turbines erected in the second half of the year, according to the figures published by Deutsche WindGuard on 21 January. In total, 1,501 offshore wind turbines with a capacity of 7,7

about 5 years ago
Green Hydrogen Systems to provide electrolysers for H2RES project
Business & Finance

Green Hydrogen Systems to Deliver Electrolysers for H2RES Project

Ørsted has chosen Denmark-based Green Hydrogen Systems (GHS) as the supplier of electrolysis technology for the H2RES offshore wind-to-hydrogen demonstration project. The 2 MW electrolysis plant at the Avedøre Power Station will be built around GHS modular electrolysers powered by two 3.6 MW offshor

about 5 years ago
South Korean Pair to Develop Offshore Wind Substation
Business & Finance

South Korean Pair to Develop Offshore Wind Substation

Daewoo Shipbuilding & Marine Engineering (DSME) and Korea Electric Power Corporation Engineering & Construction (KEPCO E&C) have signed a Memorandum of Understanding (MoU) to develop an offshore wind substation. The South Korean companies plan to jointly research and develop the offshore substation

about 5 years ago
An offshore wind farm
Business & Finance

Tekmar Clinches EUR 5 Million Cable Protection Contract

Tekmar Energy has secured a GBP 4.5 million (around EUR 5 million) contract to supply subsea cable protection products for an operational offshore wind farm. The company left the name of the offshore wind farm for which it has won the contract, and any other specific information, undisclosed. The ca

about 5 years ago
CWind Taiwan and E&Y Electronics officials at the signing of the cooperation agreement
Business & Finance

CWind Taiwan Teams Up with E&Y Electronics

CWind Taiwan has signed an exclusive cooperation agreement with E&Y Electronics, a Taiwanese power cable service provider specialised in cable testing and termination, to develop its cable maintenance services in the Taiwanese offshore wind market. The services under the cooperation agreement includ

about 5 years ago
MassCEC Seeks Feedback on Potential Offshore Wind Workforce Development Solicitation
Business & Finance

MassCEC Seeks Feedback on Potential Offshore Wind Workforce Development Solicitation

The Massachusetts Clean Energy Center (MassCEC) has released a Notice of Intent for a solicitation that, if issued, would seek to fund projects dedicated to expanding the offshore wind workforce. The solicitation would work to increase the participation of underrepresented populations and/or target

about 5 years ago
A photo of Avedøre Power Station where H2RES will be located
Business & Finance

Ørsted Takes Final Investment Decision on Green Hydrogen Project

Ørsted has taken a final investment decision (FID) on the H2RES green hydrogen demonstration project in Denmark and expects first hydrogen production in late 2021. The project, to be built at Avedøre Holme in Copenhagen, will comprise a 2 MW electrolysis plant with appurtenant hydrogen storage, with

about 5 years ago
Officials from the three Polish energy companies at the signing ceremony
Business & Finance

Three Largest Polish Energy Companies Shake Hands on Offshore Wind

Three biggest Polish energy companies, PGE, Enea and TAURON, have signed a letter of intent on cooperation on future offshore wind projects in Poland. According to the three companies, they recognise the value of the offshore wind energy sector in developing the economy and increasing the level of e

about 5 years ago
Ørsted Taking Part in ScotWind Leasing
Business & Finance

Ørsted Taking Part in ScotWind Leasing

Ørsted is participating in the ScotWind seabed leasing round for offshore wind projects in Scotland. As part of this process, Ørsted has secured a 1.8 GW grid connection from National Grid ESO for use should it secure seabed rights following the leasing round. “Scotland has one of the most ambitious

about 5 years ago
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