Siemens Gamesa has closed the fiscal year 2019 with a record order book of EUR 25.5 billion, a 12% increase year-on-year, as its order intake grew by 7.4% to EUR 12.7 billion. The Offshore unit registered double-digit growth of more than 10.9% due to new markets, mainly Taiwan, which contributed 1.5
Vattenfall’s Vice President of Business Unit Offshore Wind Michael Simmelsgaard has decided to leave the company. Simmelsgaard, who joined Vattenfall in 2015, will continue his career outside the company. Head of Engineering Offshore Wind Jacob Nørgaard Andersen will take over the role as Danish Cou
Ørsted has issued green senior bonds in Taiwan for the purpose of raising green financing for its investments in the local offshore wind sector. Ørsted has completed the pricing of new unsecured green senior bonds of nominal TWD 12 billion (circa EUR 342.6 million) in total comprising a 7-year TWD 4
Global Renewables Shipbrokers (GRS) and COLI Schiffahrt & Transport have entered a strategic partnership that will see the two companies jointly offering services in the offshore wind market in Japan. “With COLI a competent and experienced partner in the field of break bulk and project cargo – espec
International engineering consultancy Offshore Wind Consultants (OWC) is setting up an office in Australia. The International Energy Agency’s recently launched “Offshore Wind Outlook 2019” has identified more than 7,000TWh per year of offshore wind technical potential, roughly 2,000GW of capacity, i
U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) has awarded USD 5.7 million in new funding to the National Renewable Energy Laboratory (NREL) for its activities in the field of floating offshore wind turbines. NREL will work as the prime contractor on three projects wit
Spanish energy company Iberdrola’s offshore wind farms generated 1,493 GWh of electricity in the first nine months of 2019, a 37.9% increase compared to the same period last year. The increase is due to the 350MW Wikinger offshore wind farm’s contribution over the full nine-month period this year an
Ørsted and Public Service Enterprise Group (PSEG), a New Jersey-based utility, will enter into exclusive negotiations for PSEG to potentially become an equity investor in Ørsted’s Ocean Wind project. Subject to negotiations toward a joint venture agreement, advanced due diligence and any required re
Ørsted has revised its offshore wind production forecasts after concluding that the company’s current production forecasts underestimate the negative impact of the blockage effect and the wake effect. The blockage effect arises from the wind slowing down as it approaches the wind turbines. There is
Ørsted has reported an operating profit (EBITDA) of DKK 12.9 billion (EUR 1.73bn) for the first nine months of 2019, up 19% compared to the first nine months of 2018, keeping the company ”well on track to deliver on our full-year guidance.” Earnings from offshore wind farms in operation increased by
The Scottish Offshore Wind Energy Council (SOWEC) has officially launched, calling for the goal of having at least 8GW of offshore wind in Scottish waters by 2030. The council, launched on 29 October, said it aims to lead and support the industry, boost the local content of projects and increase job
The Polish Ministry for Investments and Development and GE Renewable Energy have signed a Letter of Intent (LoI) to cooperate on the development of Poland’s offshore wind sector. Polish Minister of Finance, Investment and Development Jerzy Kwieciński and GE’s Sławomir Żygowski and Fabrice Kermorgant
Vattenfall’s Wind Business Area saw an increase in net sales and the underlying operating profit during the first nine months of the year, mainly owing to new capacity and higher production due to stronger winds. In the last twelve months, Vattenfall commissioned two wind farms, the 29MW Slufterdam
Macquarie Infrastructure and Real Assets (MIRA) has reached an agreement with Siemens AG to acquire an additional 10 per cent stake in Gwynt y Môr offshore wind farm in the UK. MIRA has managed a 10 per cent stake in Gwynt y Môr since 2017 following Macquarie Group’s acquisition of the Green Investm
