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Business & Finance

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Van Oord Records Best Year in Offshore Wind
Business & Finance

Van Oord Records Best Year in Offshore Wind

Van Oord’s offshore wind business unit posted record revenue of EUR 706 million in 2018, a 75.2% increase compared to the revenue of EUR 403 million reported in 2017. The increase was attributed to a simultaneous start of four major offshore wind projects: Deutsche Bucht in Germany, Norther in Belgi

about 7 years ago
EDF Buys Into Two Chinese Offshore Wind Projects
Business & Finance

EDF Buys Into Two Chinese Offshore Wind Projects

French energy company EDF has signed an agreement with the Chinese utility China Energy Investment Corporation (CEI) to jointly deliver two offshore wind power projects in China. The Dongtai IV and V offshore wind farms account for a total installed capacity of 500MW and will be the EDF Group’s firs

about 7 years ago
East Anglia One Brings Lamprell Figures Down
Business & Finance

East Anglia One Brings Lamprell Figures Down

Lamprell has reported an increase in the estimated loss on the East Anglia One offshore wind project of USD 9.4 million in the 2018 financial year, primarily reflecting the additional cost of supporting Harland and Wolff through restructuring. According to Lamprell’s 2018 results, the increase broug

about 7 years ago
UK Industry Gathers to Set Out Floating Wind Strategy
Business & Finance

UK Industry Gathers to Set Out Floating Wind Strategy

RenewableUK and Scottish Renewables have launched a new industry group to set out the strategy for large-scale deployment of floating offshore wind in the UK. The Floating Wind Steering Group will meet with the aim of producing a consensus vision for the future of floating wind and the business case

about 7 years ago
New US-French Business Steps Into Offshore Wind
Business & Finance

New US-French Business Steps Into Offshore Wind

U.S. Berger Geosciences and Integral Consulting and France’s Akrocean have established BIA Offshore Studies to deliver site characterization services for the U.S. offshore wind market. According to the parties, the global ambition of BIA Offshore is to support and accelerate U.S. offshore wind devel

about 7 years ago
TIPM Establishes CTV Crew Training Co-Op with NOS
Business & Finance

TIPM Establishes CTV Crew Training Co-Op with NOS

Taiwanese TIPC Marine Corp. (TIPM) has collaborated with Northern Offshore Services (NOS) on training its crew transfer vessels (CTVs) crew. TIPM said the training marks the first step of the cooperation plan, under which it wants to engage CTV operation and maritime engineering services in offshore

about 7 years ago
EOM Offshore Buys Into Ocean Tech Services
Business & Finance

EOM Offshore Buys Into Ocean Tech Services

EOM Offshore has acquired the assets and operations of Ocean Tech Services, the New Jersey-based provider of marine monitoring systems and surveys. According to Ocean Tech, the acquisition marks an important milestone for EOM Offshore as it wants to expand its role as a key provider of oceanographic

about 7 years ago
GROW Signs Innovation Deal with Dutch Ministry
Business & Finance

GROW Signs Innovation Deal with Dutch Ministry

GROW, a consortium of Dutch offshore wind industry and research partners, and the Dutch Ministry of Economic Affairs and Climate Policy have signed a collaboration agreement to strengthen innovation in offshore wind. According to the ministry’s Director General Climate & Energy Sandor Gaastra, succe

about 7 years ago
US Port Developer Buys OW Terminal Project Site in New York
Business & Finance

US Port Developer Buys OW Terminal Project Site in New York

U.S. port developer Atlantic Offshore Terminals LLC has acquired a port site in the state of New York which would be used for the offshore wind industry. Atlantic Offshore Terminals is proposing to develop the Arthur Kill Terminal, the first offshore wind pre-assembly port facility in New York State

about 7 years ago
New Partnership Commits to Fighting Workforce Crisis
Business & Finance

New Partnership Commits to Fighting Workforce Crisis

Offshore wind developers Dudgeon Offshore Wind Farm, ScottishPower Renewables and Vattenfall have partnered with the University of East Anglia, Nautilus Associates and The Bridge Trust to improve learning and career opportunities in East Anglia, the UK. The parties have joined forces to form the STE

about 7 years ago
Offshore Wind Takes Lead Role in Sif’s 2018 Results
Business & Finance

Offshore Wind Takes Lead Role in Sif’s 2018 Results

Sif has reported that offshore wind accounted for approximately 83% of revenues and 69% of total contributions in the company’s 2018 financial year figures. Sif saw a 28% loss of revenue in 2018, amounting to EUR 235.1 million, and a 45% loss in contribution, amounting to EUR 74.3 million. The gap i

about 7 years ago
TUS-ORE Catapult Research Center Opens Its Doors
Business & Finance

TUS-ORE Catapult Research Center Opens Its Doors

UK’s Offshore Renewable Energy (ORE) Catapult and China’s Tus-Wind have officially opened the TUS-ORE Catapult Research Centre (TORC) for offshore wind in China. The GBP 2 million center opened today, 21 March, in Yantai City following a trade mission of 11 UK companies eager to explore offshore win

about 7 years ago
Vineyard Wind Gets CRMC Federal Consistency Agreement
Business & Finance

Vineyard Wind Gets CRMC Federal Consistency Agreement

The Rhode Island Coastal Resources Management Council (CRMC) has issued the federal consistency concurrence for the Vineyard Wind offshore wind project. The news follows Vineyard Wind’s submission of a commercial fisheries mitigation proposal and a commercial fisheries biological assessment monitori

about 7 years ago
MMS Expands Its Offshore Wind Fleet
Business & Finance

MMS Expands Its Offshore Wind Fleet

MMS Offshore Renewable Services Ltd has expanded its fleet with the addition of a new multi-purpose support vessel set to service the offshore wind market. MMS invested in the new 26m long fast crew vessel MMS Supreme by taking a GBP 2.3 million lending package from the Yorkshire Bank. “Our investme

about 7 years ago
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