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Business & Finance

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Lamprell and ScottishPower Settle East Anglia 1 Tab
Business & Finance

Lamprell and ScottishPower Settle East Anglia 1 Tab

Lamprell and ScottishPower Renewables have reached a final settlement with regards to the close-out of the East Anglia One project. The final settlement will result in a cash payment to Lamprell of USD 18.9 million in May 2020, the UAE-based offshore engineering and fabrication company said. In addi

about 6 years ago
France's Only Offshore Wind Turbine Undergoes Survey
Business & Finance

France Greenlights 8.75 GW Offshore Wind Target

France will put up to 8.75 GW of offshore wind capacity out to tender from 2020 to 2028, the Multiannual Energy Programme (Programmation pluriannuelle de l’énergie (PPE)) shows. The new PPE has entered into force on Thursday, 23 April. As proposed earlier, the PPE also increases the intended operati

about 6 years ago
Siemens Gamesa Withdraws FY 2020 Financial Guidance
Business & Finance

Siemens Gamesa Withdraws FY 2020 Financial Guidance

Siemens Gamesa has withdrawn its financial guidance for the Financial Year 2020, citing the uncertainty associated with the COVID-19 pandemic which is compounding challenges in India and Northern Europe as the reason. The wind turbine maker said that it cannot forecast or quantify with reasonable ac

about 6 years ago
A photo showing Vestas 3 megawatt wind turbine with dark and cloudy skies in the background
Business & Finance

Vestas to Lay Off 400 People, Close Temporary Offshore Wind Facility

Vestas will stop some of its projects with immediate effect and lay off around 400 employees.

about 6 years ago
An image featuring the logo of Wind Works Long Island
Business & Finance

Long Islanders Launch Offshore Wind Coalition

Labour, environment, and community organisations from Long Island, New York, have formed an offshore wind coalition called Wind Works Long Island.

about 6 years ago
MHI Vestas Launches UK Offshore Wind Apprentice Programme
Business & Finance

MHI Vestas Launches UK Offshore Wind Apprentice Programme

MHI Vestas has launched a new offshore wind technician apprentice programme in northeast Scotland. The apprentices will initially be based at Fraserburgh College Campus (NESCol) carrying out both classroom and workshop activities. This will be followed by practical work experience at offshore wind f

about 6 years ago
A close-up photo of Siemens Gamesa's offshore wind turbine at sea in sunset
Business & Finance

EGCO Completes Yunlin Offshore Wind Farm Buy-In

EGCO Group has completed the acquisition transaction for a 25% stake in the 640 MW Yunlin offshore wind farm in Taiwan.

about 6 years ago
Vattenfall and TenneT Ink Hollandse Kust Zuid 3&4 Grid Deal
Business & Finance

Vattenfall and TenneT Ink Hollandse Kust Zuid 3&4 Grid Deal

Vattenfall and TenneT have signed an agreement for the offshore grid connection for the Hollandse Kust Zuid 3 & 4 wind farm in the Netherlands. Vattenfall secured the rights fo build the Hollandse Kust Zuid 1 & 2 and the Hollandse Kust Zuid 3 & 4 wind farms in the first two subsidy-free offshore win

about 6 years ago
World Marine Offshore Buys KEM Offshore Assets
Business & Finance

World Marine Offshore Buys KEM Offshore Assets

World Marine Offshore has acquired all vessels and activities from KEM Offshore. WMO Support A/S, a newly formed entity and a stand-alone company within the World Marine Offshore Group, will acquire KEM’s fleet of 8 vessels. The fleet will be operated and managed on day-to-day from its offices in De

about 6 years ago
Over 77,000 Trained On-Site Workers Needed in Emerging Offshore Wind Markets
Business & Finance

Report: Over 77,000 Trained On-Site Workers Needed in Emerging Offshore Wind Markets by 2024

The offshore wind industry will need 77,000 GWO-trained on-site workers to deliver forecast installations in six key emerging markets for offshore wind between 2020-2024, a new report has found. Published by the Global Wind Energy Council (GWEC) and Global Wind Organisation (GWO), Powering the Futur

about 6 years ago
Aker Solutions and Cognite Get USD 2 Million Offshore Wind Technology Grant
Business & Finance

Aker Solutions and Cognite Get USD 2 Million Offshore Wind Technology Grant

Aker Solutions and Cognite have secured a USD 2 million grant from the California Energy Commission (CEC) for an offshore wind energy technology project. The NextWind Real Time Condition Monitoring project aims to develop a holistic digital solution that will enable monitoring the condition of an of

about 6 years ago
SSE Renewables Issues Roadmap to Tackling Offshore Wind Deployment Barriers in UK
Business & Finance

SSE Renewables Issues Roadmap to Tackling Offshore Wind Deployment Barriers in UK

SSE Renewables has warned that the cost of offshore wind will not be the reason for the UK missing its target of 40 GW of offshore wind capacity by 2030, but rather the significant barriers to deployment, many of which are increasing. The barriers the industry is currently facing range from consenti

about 6 years ago
Vattenfall Champions UK Offshore Wind Supply Chain Rejig
Business & Finance

Vattenfall Champions UK Offshore Wind Supply Chain Rejig

Vattenfall is calling on the UK government and offshore wind industry to make different procurement approaches so more local businesses are able to supply new-generation projects. In its Norfolk Vanguard and Norfolk Boreas Offshore Wind Supply Chain: Opportunities and Expectations Workshop Report, V

about 6 years ago
Lamprell to Close Sharjah Yard after Moray East Work Done
Business & Finance

Lamprell to Close Sharjah Yard after Moray East Work Done

The UAE-based Lamprell plans to close its Sharjah facility after completing the portion of work on the Moray East offshore wind project currently carried out at the location. Lamprell already mothballed the Jebel Ali facility in January 2020. The Sharjah yard will close later this year. The Hamriyah

about 6 years ago
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