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Business & Finance

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Lithuanians Looking For Offshore Wind Partners
Business & Finance

Lithuanians Looking For Offshore Wind Partners

Lithuania’s state-owned energy company Lietuvos Energija is seeking strategic partners to jointly develop offshore energy projects internationally and domestically. The company has issued a call for Expressions of Interest (EoIs) to find an experienced partner and jointly develop offshore wind proje

about 7 years ago
TetraSpar Floater Greenlighted
Business & Finance

TetraSpar Floater Greenlighted

Innogy, Shell and Stiesdal Offshore Technologies (SOT) have reached the final investment decision on their EUR 18 million floating wind demonstration project in Norway. The project will feature SOT’s TetraSpar floating foundation supporting a 3.6MW Siemens Gamesa direct-drive turbine which will be t

about 7 years ago
Veja Mate Gets New Owners
Business & Finance

Veja Mate Gets New Owners

A consortium composed of funds managed by Commerz Real, wpd invest, KGAL, and the Ingka Group has acquired an 80% stake in the 402MW Veja Mate offshore wind farm in the German North Sea. The consortium acquired the stake in the project from Copenhagen Infrastructure Partners (CIP), Highland Group Ho

about 7 years ago
Boskalis Nets Inter-Array Cable Contract for Mystery Project
Business & Finance

Boskalis Nets Inter-Array Cable Contract for Mystery Project

Royal Boskalis Westminster N.V. has signed a contract for inter-array cable work at an undisclosed offshore wind farm. Under the EUR 80 million contract, the Dutch company is in charge of replacing and repairing a part of the inter-array cables at the project. Boskalis will use three anchored barge

about 7 years ago
Parkwind Joins Hybrid Structures R&D Project
Business & Finance

Parkwind Joins Hybrid Structures R&D Project

Belgian offshore wind developer Parkwind has joined the QUALIFY project dedicated to increasing the usage of adhesively bonded hybrid structures in shipbuilding and generating spin-offs to other industries. The R&D project, part of the EU program Interreg 2 Seas, will see a multi-scale testing plan

about 7 years ago
Shell and Google Owner Enter Offshore Energy Kite Venture
Business & Finance

Shell and Google Owner Enter Offshore Energy Kite Venture

Experimental wind power developer Makani, owned by Google parent company Alphabet, has partnered with the energy giant Shell to bring its energy kites to offshore environments. After five years of development at X and more than a decade of development in total, Makani is now an independent company a

about 7 years ago
Save the Date for Offshore Wind Conference 2019
Business & Finance

Save the Date for Offshore Wind Conference 2019

Now more than ever offshore wind is showing true global potential. Join the celebratory tenth edition of the Offshore Wind Conference on 7 and 8 October to discover how offshore wind is powering the energy transition. Topics will range from an outlook on the global potential of offshore wind, emergi

about 7 years ago
Tern Sisters Keeping Busy
Business & Finance

Tern Sisters Keeping Busy

Fred. Olsen Ocean Ltd. (FOO), owner of Fred. Olsen Windcarrier and Universal Foundation Norway, has reported NOK 413 million (EUR 42 million) in operating revenues in Q4 2018, a 13% increase compared to the same period in 2017, partly attributed to higher utilization of Brave Tern and Bold Tern. Acc

about 7 years ago
British Wind Energy Marks New Record
Business & Finance

British Wind Energy Marks New Record

Wind energy has hit new records in Great Britain as 15.32GW of capacity was produced on Friday, 8 February, according to the UK National Grid. The 15.32GW provided 36% of Britain’s electricity demand between 12:15 and 1:45 p.m. local time beating the previous record of 15.04GW set on 18 December 201

about 7 years ago
K2 Management Expands Board of Directors
Business & Finance

K2 Management Expands Board of Directors

K2 Management has expanded its Board of Directors with the appointment of a vice chairman and a new board member. The renewables engineering consultancy has named Jesper Kristian Jacobsen, who is currently holding the CEO position at Aarsleff, as Vice Chairman. In addition, Mads Bach Christensen, CF

about 7 years ago
Maersk Training and MIRDC to Open New Program in Taiwan
Business & Finance

Maersk Training and MIRDC to Open New Program in Taiwan

Maersk Training has entered into a cooperation to establish a specialist wind energy program within the Metal Industries Research and Development Centre (MIRDC) in Taiwan. The new center is expected to come online in July 2020 and will train technicians for the local wind turbine industry. According

about 7 years ago
Seafox 5 Renames to Blue Tern
Business & Finance

Seafox 5 Renames to Blue Tern

Fred. Olsen Windcarrier’s jack-up vessel Seafox 5 has officially changed its name to Blue Tern. The Norway-based company emphasized that most of its vessel have a name starting with ‘B’, therefore renaming Seafox 5 was a natural step. Fred. Olsen Windcarrier made an agreement with the Seafox Interna

about 7 years ago
Baltic Eagle Swoops on MHI Vestas Giants
Business & Finance

Baltic Eagle Swoops on MHI Vestas Giants

Iberdrola has selected MHI Vestas Offshore Wind as the preferred wind turbine supplier for the Baltic Eagle offshore wind project in the German Baltic Sea. According to MHI Vestas, the contract includes the supply of up to 52 V174-9.5 MW turbines for the 476MW project, which will be the first offsho

about 7 years ago
Fraunhofer IWES Making Room for XXL Blades
Business & Finance

Fraunhofer IWES Making Room for XXL Blades

German research institute Fraunhofer IWES has received funding to build a test bench for rotor blades measuring up to 115 meters in length. Fraunhofer IWES received funding to the tune of around EUR 12 million for the `Future Concept Operational Stability Rotor Blades Phase II` project. To this end,

about 7 years ago
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