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Business & Finance

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Sparrows Group Secures UKAS Accreditation
Business & Finance

Sparrows Group Secures UKAS Accreditation

Sparrows Group has achieved the United Kingdom Accreditation Service (UKAS) accreditation for its global offshore and onshore inspection activities. Sparrows has been accredited for the provision of thorough examination of lifting equipment under LOLER 98, inspection of work equipment under PUWER 98

about 6 years ago
C-Ventus Establishing Presence in Asia Pacific
Business & Finance

C-Ventus Establishing Presence in Asia Pacific

The Netherlands-based C-Ventus Offshore Windfarm Services BV has started the setup of a new branch office in Taiwan, as well as branch developments in Japan. The company currently operates on 17 Offshore Windfarms in six countries and is looking to expand its foothold beyond Europe. C-Ventus has als

about 6 years ago
A photo of Iberdrola's Wikinger offshore wind farm
Business & Finance

Iberdrola’s Offshore Wind Farms Produce 1.1 TWh in Q1 2020

The offshore wind farms developed and owned by Spain-based Iberdrola have produced 1,119 gigawatt-hours (GWh) during the first quarter of 2020. Iberdrola’s total installed offshore wind capacity stood at 1,174 MW on 31 March. In the United Kingdom, the company’s offshore wind farms generated 680 GWh

about 6 years ago
Seafox Tests Waters Around Gulf Marine Services
Business & Finance

Seafox Tests Waters Around Gulf Marine Services

Dutch jack-up owner and operator Seafox has placed an unsolicited and non-binding proposal to acquire the Gulf Marine Services PLC (GMS). Seafox made a possible cash offer for the entire issued and to be issued share capital of GMS by a wholly-owned subsidiary of Seafox, at a value of USD 0.09 per G

about 6 years ago
Innogy-Looking-For-Apprentice-Turbine-Technicians
Business & Finance

Innogy Looking For Apprentice Turbine Technicians

Innogy has launched a recruitment process for a new wind turbine technician apprenticeship dedicated to the Triton Knoll offshore wind farm. The recruitment drive comes as innogy pilots a national apprenticeship hub at Coleg Llandrillo, part of Grŵp Llandrillo Menai, in North Wales, where 30 apprent

about 6 years ago
A photo of the Horns Rev 3 offshore wind farm with close-up of wind turbine
Business & Finance

Horns Rev 3 Boosts Vattenfall’s Q1 Figures

The Horns Rev 3 offshore wind farm has driven up the figures in Vattenfall’s wind business unit’s results for the first quarter of 2020. Namely, the company has reported an increase in net sales and underlying operating profit for its Wind Business Area. The significant Q1 earnings improvement is a

about 6 years ago
Ørsted-Faces-Delays-Across-US-Offshore-Wind-Portfolio
Business & Finance

Ørsted Faces Delays Across US Offshore Wind Portfolio

Ørsted’s offshore wind development projects in the US are moving forward at a slower pace than originally expected, the company’s CEO and President Henrik Poulsen said. The delays are due to a combination of the Bureau of Ocean Energy Management’s (BOEM) prolonged analysis of the cumulative impacts

about 6 years ago
Ørsted Posts Strong Results, Sees No Significant Impact from COVID-19
Business & Finance

Ørsted Posts Strong Results, Sees No Significant Impact from COVID-19

Leading offshore wind developer Ørsted reported an operating profit (EBITDA) of DKK 6.8 billion (EUR 912 million) for the first quarter of 2020, a 33 percent increase compared to the same period the year before. Net profit amounted to DKK 3.3 billion and return on capital employed (ROCE) came in at

about 6 years ago
A photo of the London Array offshore wind farm
Business & Finance

Masdar Refinances London Array Stake

Masdar Energy UK, a wholly-owned subsidiary of Masdar, has refinanced its stake in the 630 MW London Array offshore wind farm in the UK. The refinanced debt totalled approximately GBP 466 million in commercial bank debt, maturing in December 2032. Original financing for the project closed in October

about 6 years ago
MHI Vestas and Swancor Confirm Blade Materials Contract in Taiwan
Business & Finance

MHI Vestas and Swancor Confirm Blade Materials Contract in Taiwan

MHI Vestas has finalized the contract with Swancor to locally source offshore wind turbine blade materials in Taiwan. According to MHI Vestas, the scope of the contract covers a significant percentage of the direct materials value of overall blade manufacturing, including carbon tow, carbon pultrusi

about 6 years ago
A photo for illustration purpose only, showing an offshore wind farm
Business & Finance

Fugro, IOVTEC Set Up Joint Company in Taiwan

Fugro and International Ocean Vessel Technical Consultant (IOVTEC) have established a joint business entity in Taiwan. The move follows the companies’ cooperation in the offshore wind sector in Taiwan over the last few years. Fugro and IOVTEC have been serving Taiwan’s emerging offshore wind market

about 6 years ago
WPD Shifts Gears in Taiwan
Business & Finance

WPD and LeaLea Team Up on 600 MW Wind Farm Offshore Taiwan

German offshore wind developer wpd has signed an agreement with Taiwan Green Power (TGP) to jointly develop a 600 MW offshore wind project in Taiwan. The wind farm site No. 28 is expected to be part of the third tender round in Taiwan, wpd said. The project is located off the coast of Changhua in [&

about 6 years ago
New Jersey Releases Offshore Wind Institute Plan
Business & Finance

New Jersey Releases Offshore Wind Institute Plan

The New Jersey Wind Council has released a report detailing plans for creating the Wind Innovation and New Development (WIND) Institute. The WIND Institute will serve as a center for education, research, innovation, and workforce training related to the development of offshore wind in New Jersey and

about 6 years ago
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
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