Business & Finance
Scotland: Unions Urge OWF Developers to Secure Work for BiFab
GMB Scotland and Unite the Union have called on the offshore wind developers with projects in Scotland to award Bifab with contracts for which the company is currently tendering for.
E.ON Secures 86.2% Innogy Share
E.ON has secured an 86.2% share in innogy after completing the voluntary public takeover offer (PTO) to the company’s minority shareholders.
German Bank Buys Into 50Hertz
German state-owned bank, Kreditanstalt für Wiederaufbau (KfW), has agreed to acquire a 20% stake in compatriot transmission system operator 50Hertz Transmission GmbH.
Naval Energies Opts for Floating Wind over Tidal Energy
Naval Energies has decided to stop investing in tidal energy, a market said to be in the process of closing, and focus on floating offshore wind, as well as ocean thermal energy conversion.
Hornsea Two, Formosa I Firm Up Siemens Gamesa Order Book
Siemens Gamesa’s offshore wind order intake reached a peak in the third quarter of the fiscal year 2018 with 1,368MW in firm orders, due to agreements to supply 165 turbines for Hornsea Project Two and 120MW for the Formosa I Phase II offshore wind project.
MAKE: US Wind Farm Installation to Boom with PTC Phase-Out on Horizon
Installation of new wind energy projects in the U.S. will significantly increase between 2018 and 2020, before annual installation volumes decline as the production tax credit (PTC) phase-out begins, according to MAKE Consulting.
New Jersey Pitches Offshore Wind Energy Certificate Rule
The New Jersey Board of Public Utilities (NJBPU) has proposed a rule that would establish an offshore wind funding mechanism known as an Offshore Wind Energy Certificate (OREC).
TenneT’s Investment Numbers on the Rise in H1 2018
TenneT invested EUR 904 million in Dutch and German high-voltage grids in the first half of 2018, which represents an increase compared to EUR 750 million in the first half of 2017, according to the company’s latest financial report.
Wikinger Adds to Iberdrola’s Tally
Spain’s Iberdrola reported a 25.5% increase in the gross operating profit (EBITDA) in its Renewables business unit in the first half of 2018, driven by increased production and the contribution of the Wikinger offshore wind farm in the German Baltic Sea.
Industry Majors Back 3GW by 2030 French Mediterranean Floating Wind Goal
More than 70 companies and institutions, including some of the leading offshore wind developers and equipment manufacturers, have called for the development of 3GW of floating offshore wind in the French Mediterranean by 2030.
Ørsted Opens New Walney Extension Skills Fund Round
Ørsted has opened the second round of the Walney Extension community skills fund, dedicated to Science, Technology, Engineering and Maths (STEM) organizations around coastal areas of Lancashire and Cumbria, UK.
UK to Lay Out CfD Specs This Year
The UK government plans to set out the parameters of the next year’s Contracts for Difference auction later this year, Energy and Clean Growth Minister Claire Perry said.
Bloomberg: Shell Applies for Massachusetts Offshore Wind Lease Sale
Oil & gas giant Shell has filed the required documents to qualify for bidding at an upcoming offshore wind lease sale in Massachusetts, due to take place this fall, according to Bloomberg Environment.
Portuguese Offshore Wind Plant Attracts Multi-Million Investment
Portugal’s ASM Industries has signed a EUR 4.5 million investment agreement with an undisclosed institutional investor for ASM Offshore – the company’s offshore wind foundations and towers manufacturing unit.