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Business & Finance

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Ørsted Schedules Hornsea Four Formal Consultations
Business & Finance

Ørsted Schedules Hornsea Four Formal Consultations

Ørsted is holding formal consultations related to the Hornsea Project Four offshore wind farm in September in the UK. At the events, the project’s location, as well as a non-technical summary of the preliminary environmental information report will be presented. The meetings will be held from 2 to 7

about 7 years ago
Manchester Uni Studies Floating Wind Stabilization Options
Business & Finance

Manchester Uni Studies Floating Wind Stabilization Options

The Manchester Metropolitan University has secured a GBP 124,000 grant from the Supergen Offshore Renewable Energy (ORE) Hub to test solutions for stabilizing floating offshore wind turbines. In the one-year project, the UK university will develop computer models to test the best methods to stabiliz

about 7 years ago
Offshore Wind Lifts E.ON’s Renewables
Business & Finance

Offshore Wind Lifts E.ON’s Renewables

E.ON’s Renewables division saw a EUR 39 million increase in adjusted EBIT in the first half of 2019, primarily said to be due to the commissioning of offshore wind farms in the UK and Germany. The renewables adjusted EBIT equals EUR 275 million in the first six months, with the primary reason being

about 7 years ago
Deep Ocean Engineering Unveils ROV for OW Maintenance
Business & Finance

Deep Ocean Engineering Unveils ROV for OW Maintenance

Deep Ocean Engineering Inc. (DOE) has unveiled a new Remotely Operated Vehicle (ROV) which can be used for the maintenance of offshore wind farms. The Phantom X8 is a work-class vehicle configured with six vectored horizontal and two vertical 2.2 kW Tecnadyne brushless thrusters. It boasts high defi

about 7 years ago
Strathclyde Uni Secures Funds for Offshore Wind Research
Business & Finance

Strathclyde Uni Secures Funds for Offshore Wind Research

The University of Strathclyde has secured a share of GBP 1 million funding from the Supergen Offshore Renewable Energy (ORE) Hub for two projects focused on offshore wind research. The first project that received a share from the first round of the hub’s Flexible Fund includes developing a cost-effe

about 7 years ago
Equinor Numbers Down in Q2 2019
Business & Finance

Equinor Numbers Down in Q2 2019

Equinor reported adjusted earnings of USD 3.15 billion in the second quarter of 2019, which is down from USD 4.31 billion in the same period last year. Equinor saw a net operating income of USD 3.52 billion in the period, which is again lower than the USD 3.84 billion in the second quarter of 2018.

about 7 years ago
Dominion Energy and BizMDOSW to Talk Virginia’s Offshore Wind
Business & Finance

Dominion Energy and BizMDOSW to Talk Virginia’s Offshore Wind

Dominion Energy and the U.S. Business Network for Offshore Wind are holding an event in Virginia with an aim to support the state’s inclusion of large-scale offshore wind in its energy mix. The Sea to Land event will bring together the supply chain business community with federal and state governmen

about 7 years ago
UK and German Firms Sign Offshore Wind Vessel Tracking Deal
Business & Finance

UK and German Firms Sign Offshore Wind Vessel Tracking Deal

The UK Nesspoint Ltd. and Germany’s in-innovative navigation GmbH have joined forces to cooperate in the offshore wind market. The deal will see the two companies working together in the field of vessel tracking management and sea surveillance for offshore wind. According to Marcus Krol, Head of Sal

about 7 years ago
Natural Power Boosts US Offshore Wind Team
Business & Finance

Natural Power Boosts US Offshore Wind Team

Natural Power has appointed Matthew Filippelli to lead the company’s offshore wind services in the United States. Filippelli has taken over the position of Principal Engineer and Offshore Services Lead and will be based in the company’s New York office. “The US has a vast offshore wind energy resour

about 7 years ago
Viking Link Leads Prysmian to 2019 Targets
Business & Finance

Viking Link Leads Prysmian to 2019 Targets

Prysmian Group achieved its 2019 targets for projects awarded in the first half of 2019 due to securing a contract for the Viking Link project valued at nearly EUR 700 million. The contract includes the turnkey design, manufacture and installation of the world’s longest interconnector with the 1,250

about 7 years ago
WindFloat Atlantic Gets Unspent NER300 Funds
Business & Finance

WindFloat Atlantic Gets Unspent NER300 Funds

The European Commission has reinvested a portion of unspent funds from the NER300 programme to support the 25MW WindFloat Atlantic floating wind project offshore Portugal. WindFloat will be the first offshore windfarm employing a floating semi-submersible platform to reach the pre-commercial stage f

about 7 years ago
Siemens Gamesa Commissions Half of European OW Turbines in H1 2019
Business & Finance

Siemens Gamesa Commissions Half of European OW Turbines in H1 2019

Siemens Gamesa supplied nearly half of the connected offshore wind turbines in Europe in the first six months of 2019, according to WindEurope. WindEurope reported that 133 Siemens Gamesa turbines were connected to the grid in the first half of the year, producing 931MW of energy and taking 48% of t

about 7 years ago
US Investment Firm Buys 95% Share in Swancor Renewable Energy
Business & Finance

US Investment Firm Buys 95% Share in Swancor Renewable Energy

US investment firm Stonepeak Infrastructure Partners has acquired a 95% stake in Swancor Renewable Energy Co. Ltd, a subsidiary of Swancor Holding. The transaction is valued between USD 25 million and USD 101 million, Swancor said in a stock exchange filing. Swancor Renewable Energy holds a 15% stak

about 7 years ago
Fugro Wins New Offshore Wind Contracts, Reports Revenue Growth
Business & Finance

Fugro Wins New Offshore Wind Contracts, Reports Revenue Growth

Fugro has secured contracts to conduct surveys at EDF’s Neart na Gaoithe offshore wind farm in the UK and Ørsted’s Greater Changhua project in Taiwan. Under the deals, Fugro will carry out multiple unexploded ordnance surveys at Neart na Gaoithe and a geotechnical survey at Greater Changhua, accordi

about 7 years ago
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