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Business & Finance

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Universal Foundation Moves In with Sister Companies
Business & Finance

Universal Foundation Moves In with Sister Companies

Universal Foundation has relocated from Aalborg, Denmark, to Fredericia, said to be due to meeting commercial demand. Universal Foundation has now joined its sister companies Fred. Olsen Windcarrier and Global Wind Service under one roof. According to the company, the relocation is not only of geogr

about 7 years ago
Vattenfall Kicks Off UK Offshore Wind Supply Chain Campaign
Business & Finance

Vattenfall Kicks Off UK Offshore Wind Supply Chain Campaign

Vattenfall has launched its national supply chain campaign in Norwich, UK, to present opportunities from the proposed Norfolk Vanguard, Norfolk Boreas and Thanet Extension offshore wind farms. The campaign, part of the commitment to the Offshore Wind Sector Deal, will gather around 300 companies to

about 7 years ago
Equinor Bolsters South Korea Floating Wind Ties
Business & Finance

Equinor Bolsters South Korea Floating Wind Ties

Norway’s Equinor has signed a Memorandum of Understanding (MoU) with South Korea’s Ulsan City to cooperate on the development of floating wind projects in South Korea. Under the MoU, Equinor and Ulsan City will jointly explore the opportunities for the development of floating wind projects in South

about 7 years ago
ASM Offshore Starts Test Runs
Business & Finance

ASM Offshore Starts Test Runs

Portugal-based ASM Industries has started test operations at the company’s new industrial unit dedicated to the production of offshore wind towers and foundations – ASM Offshore. The test phase has an expected duration of two months during which ASM Industries is undertaking the calibration and comm

about 7 years ago
Industry Unites for Local Scottish Content
Business & Finance

Industry Unites for Local Scottish Content

Trade unions, offshore wind developers and supply chain companies have agreed to take action to ensure more Scottish companies benefit from the awarding of contracts for offshore wind projects. At a summit held by Finance Secretary Derek Mackay and Energy Minister Paul Wheelhouse, industry represent

about 7 years ago
Sif Begins SeaMade Construction Work
Business & Finance

Sif Begins SeaMade Construction Work

Dutch offshore foundations manufacturer Sif has begun work for the SeaMade offshore wind farm in Belgium, according to the company’s latest report. Sif is responsible for producing the monopiles for the 487MW project and, in a joint venture with Smulders, for the manufacture of transition pieces. Th

about 7 years ago
US DOE Sets Aside USD 8 Million for Turbine Drivetrain Tech
Business & Finance

US DOE Sets Aside USD 8 Million for Turbine Drivetrain Tech

The U.S. Department of Energy (DOE) has selected four projects totaling up to USD 8 million to develop next-generation drivetrain technologies to facilitate the growth of tall offshore and onshore wind turbines. The projects are expected to develop more efficient, smaller, and lighter-weight generat

about 7 years ago
Wood Takes Advisor Role on Vineyard Wind
Business & Finance

Wood Takes Advisor Role on Vineyard Wind

Wood has secured a contract for the role of technical advisor on the Vineyard Wind offshore wind project in Massachusetts, the U.S. Under the four-year contract, Wood will act as the lender’s technical advisor on behalf of developer Vineyard Wind LLC, owned by Copenhagen Infrastructure Partners and

about 7 years ago
RenewableUK: Offshore Wind Readies for Take-Off
Business & Finance

RenewableUK: Offshore Wind Readies for Take-Off

The offshore wind industry is gearing up for growing use of helicopters and drones as more than 50% of turbines consented or planned in Europe are over 250m tall, according to RenewableUK. RenewableUK’s latest Project Intelligence report shows that those projects, all located in UK waters, will main

about 7 years ago
CCC: UK Needs 75GW of Offshore Wind to Reach Net-Zero GHG Target by 2050
Business & Finance

CCC: UK Needs 75GW of Offshore Wind to Reach Net-Zero GHG Target by 2050

The UK will need 75GW of operating offshore wind capacity to reach net-zero greenhouse gas (GHG) emissions target by 2050, according to a recent report by the Committee on Climate Change (CCC). Currently, the UK has around 8GW of operating offshore wind capacity. The recent sector deal has set a tar

about 7 years ago
Ørsted Wind Farms Deliver in Q1
Business & Finance

Ørsted Wind Farms Deliver in Q1

Ørsted has reported DKK 3.6 billion operating profit (EBITDA) from its offshore wind farms in operation in the first quarter of 2019, a year-on-year increase of 13% mainly driven by a ramp-up in generation from the Borkum Riffgrund 2 and the Walney Extension wind farms. Power generation from offshor

about 7 years ago
Swire Blue Ocean Takes Root in Taiwan
Business & Finance

Swire Blue Ocean Takes Root in Taiwan

Swire Blue Ocean (SBO) has appointed Matt Bowden as the new Area Manager in Taiwan with the aim to strengthen its local business presence. Bowden is based in Taipei and will act as the key representative for SBO in Taiwan, providing strategic leadership in business development, sales & marketing and

about 7 years ago
Bibby Marine Services Appoints Business Development Manager
Business & Finance

Bibby Marine Services Appoints Business Development Manager

Bibby Marine Services has appointed Equinor’s Michael Martins as Business Development Manager. Bibby said that the business goal is to add new vessels to its fleet, widening service offering and creating a larger geographical basis. The company has thus developed a range of vessel designs and is coo

about 7 years ago
Saitec Secures EU Funding for SATH Prototype
Business & Finance

Saitec Secures EU Funding for SATH Prototype

The Spanish Saitec Offshore has secured funding from the European Commission to build a prototype version of its SATH (Swinging Around Twin Hull) floating wind turbine design. Saitec will use the almost EUR 2 million funding to build and deploy a 1:6 SATH prototype for two-year offshore testing to d

about 7 years ago
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