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Business & Finance

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US Awarding USD 14.5 Million for Offshore Wind Environmental Research
Business & Finance

US Awarding USD 14.5 Million for Offshore Wind Environmental Research

The U.S. Department of Energy (DOE) is allocating up to USD 14.5 million for environmental research to support U.S. offshore wind development. This Funding Opportunity Announcement (FOA) will support regionally-focused, coordinated research efforts to increase understanding of the environmental impa

about 5 years ago
Acergy Viking Continues Working for Siemens Gamesa
Business & Finance

Acergy Viking Continues Working for Siemens Gamesa

Siemens Gamesa has extended the charter of Eidesvik Offshore’s service operation vessel (SOV) Acergy Viking. The long-term contract will commence in direct continuation of the current contract extending the firm period until the end of January 2027. Eidesvik entered into an agreement with Siemens Ga

about 5 years ago
CMB Completes Windcat Workboats Buy
Business & Finance

CMB Completes Windcat Workboats Buy

Compagnie Maritime Belge (CMB) has completed the acquisition of Windcat Workboats Holdings Limited and its crew transfer vessel business from SEACOR Marine. As consideration for the sale, CMB paid SEACOR Marine GBP 32.8 million (EUR 36.9 million) in cash, and assumed all of the approximately GBP 20.

about 5 years ago
Cloudberry and Downing Sign Sale Deal for Swedish Lake Wind Farm
Business & Finance

Cloudberry and Downing Sign Sale Deal for Swedish Lake Wind Farm

Cloudberry Clean Energy and Downing LLP have signed the share purchase agreement (SPA) for the construction and ownership of a 100 MW nearshore, shallow-water wind farm in Lake Vänern in southern Sweden. In September 2020, Cloudberry acquired Scanvind2 AS, the holding company of the Rewind Vänern of

about 5 years ago
CIP to Sell Beatrice Stake to TRIG and Equitix
Business & Finance

CIP to Sell Beatrice Stake to TRIG and Equitix

Copenhagen Infrastructure Partners (CIP) is selling its 35 per cent stake in the 588 MW Beatrice offshore wind farm to The Renewables Infrastructure Group (TRIG) and funds managed by Equitix Investment Management Limited. TRIG has exchanged contracts with CIP to acquire an equity interest of 17.5 pe

about 5 years ago
Vestas to Lay Off 220 in Drive to Integrate Offshore and Onshore Wind
Business & Finance

Vestas Announces Layoffs as Offshore and Onshore Wind Organisations Integrate

Danish wind turbine manufacturer Vestas plans to lay off around 220 people in the process of integrating its offshore and onshore wind organisations. Vestas has recently acquired MHI Vestas Offshore Wind, and following the closing of the agreement with MHI, the company has begun the integration of V

about 5 years ago
SSE Renewables Goes All In at Seagreen
Business & Finance

Seagreen to Reach Full Capacity, Feedback Sought on Seagreen1a Grid Links

Seagreen 1A Ltd. is seeking feedback on the onshore and offshore grid connection proposals related to the remaining 36 turbines to be installed at the Seagreen offshore wind project. The company is undertaking pre-application consultation ahead of potentially submitting applications to East Lothian

about 5 years ago
Lamprell Setting Up Renewables Division
Business & Finance

Lamprell Setting Up Renewables Unit

The UAE-based Lamprell is setting up a new business unit dedicated to the renewable energy sector as part of its wider strategic reorganization. Lamprell stated that this comes as part of the group’s goal to increase its focus on renewables and the energy transition. The Renewables unit will explore

about 5 years ago
Fit For offshore renewables program
Business & Finance

Apollo Secures Fit for Offshore Renewables Status

Aberdeen-headquartered engineering and technology consultants, Apollo, has been granted Fit for Offshore Renewables (F4OR) status under the F4OR Programme run by the Offshore Renewable Energy (ORE) Catapult and the Nuclear Advanced Manufacturing Research Centre. Apollo’s Renewable and Offshore Direc

about 5 years ago
OHT Opening Turbine Installation Base in Denmark
Business & Finance

OHT Opening Turbine Installation Headquarters in Denmark

Norway-headquartered OHT is launching a new office in Denmark as the base for its operational and commercial activity for offshore wind turbine installation. The new office will be located in Vejle and is expected to be ready from 1 May. OHT Renewables DK will be headed by Tony Millward, who previou

about 5 years ago
Siemens Gamesa and Siemens Energy Kick Start Green Hydrogen Co-Op
Business & Finance

Siemens Gamesa and Siemens Energy Kick-Start Green Hydrogen Co-Op

Siemens Gamesa and Siemens Energy are joining forces to develop a solution that fully integrates an electrolyzer into an offshore wind turbine as a single synchronized system to directly produce green hydrogen. Siemens Gamesa will adapt its development of SG 14-222 DD – the world’s most powerful off

about 5 years ago
Wind Lift I jack-up vessel at an offshore wind farm
Business & Finance

Harren & Partner Buys Wind Lift I Jack-Up Vessel, Launches SAL Renewables

The parent company of SAL Heavy Lift, Harren & Partner Group, has added the Wind Lift I jack-up vessel to its fleet and launched SAL Renewables, a specialised company that will operate in the offshore wind sector. SAL Renewables is entering the market as a supplier of specialised vessels as well as

about 5 years ago
Ørsted Beats 2020 EBITDA Guidance
Business & Finance

Ørsted Beats 2020 Operating Profit Guidance

World’s leading offshore wind developer Ørsted expects an operating profit (EBITDA) of DKK 18 billion (EUR 2.42 billion) for 2020, which is above the latest guidance of DKK 16-17 billion. The increase in earnings is primarily of a temporary nature, Ørsted said. However, the company has also seen str

about 5 years ago
Offshore Wind Consultants Names APAC Head
Business & Finance

Offshore Wind Consultants Names APAC Head

Offshore Wind Consultants has appointed Tom Whittle to the newly created role of Asia Pacific regional director. Whittle, previously OWC’s country manager in Taiwan, has worked as a project director, project manager and package manager on a number of offshore wind projects in the UK, Europe and Asia

about 5 years ago
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