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Business & Finance

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Side view of the new GE blade manufacturing plant in Teesside
Business & Finance

Plans Submitted for Huge Blade Manufacturing Plant in UK

Plans have been submitted for GE Renewable Energy’s factory to manufacture blades for offshore wind turbines in Teesside, Tees Valley Mayor Ben Houchen said. Mayor Houchen has also revealed the first images of what the facility will look like once construction is complete. The new manufacturing plan

about 5 years ago
A photo showing the control room for Offshore Survival Systems services
Business & Finance

UK Backs World’s First Remotely Operated Offshore Rescue Service

The UK government has awarded Edinburgh-based company Offshore Survival Systems with funding to develop a first of its kind remotely operated offshore search and rescue service. The service involves using a network of semi-autonomous unmanned rescue vessels (URVs) for search and rescue at sea and wi

about 5 years ago
Transmission charges across the EU
Business & Finance

Transmission Charges a Threat to UK Green Energy Industry – Report

Britain’s energy regulators are putting billions of pounds of green infrastructure investment at risk by overseeing an energy market which favours EU energy imports at the expense of home-grown schemes, new research has shown. Electricity generators in the UK pay transmission charges for the cost of

about 5 years ago
The Burbo Bank offshore wind farm in the UK
Business & Finance

GBP 4.2 Million Available for UK Offshore Wind Supply Chain

The UK’s Offshore Wind Growth Partnership (OWGP) has launched a funding call with a total of GBP 4.2 million (around EUR 4.8 million) available for UK offshore wind supply chain companies in grant funding and tailored business support. In its largest funding to date, OWGP is releasing GBP 3.5 millio

about 5 years ago
An image of GE's Haliade-X prototype with the sea in the background
Business & Finance

GE Seals Dogger Bank C Deal

Dogger Bank Wind Farm and GE Renewable Energy have finalised contracts for the supply of 87 Haliade-X 14 MW turbines and a five-year service and warranty agreement for Dogger Bank C, the third and final phase of what will become the world’s largest offshore wind farm. GE Renewable Energy secured a p

about 5 years ago
Hexicon Twin-Turbine Foundation
Business & Finance

Site Selected for UK Twin-Turbine Floating Wind Demonstrator

Swedish floating wind developer and technology provider Hexicon is to acquire the Wave Hub offshore renewable energy test site in Cornwall, South West England. The deal, which is expected to complete at the end of May, will see Hexicon through its UK subsidiary, TwinHub Limited, acquire the assets o

about 5 years ago
A photo of Orsted's headquarters with company logo and flags
Business & Finance

Ørsted Names New COO

Ørsted has appointed a new Chief Operating Officer (COO) and member of the Executive Committee, following a decision to reorganise the company to position it for future growth. As of 1 June, the offshore wind developer’s COO will be Richard Hunter, who comes from a position as President of Rail Cont

about 5 years ago
A photo of the Gwynt y Môr offshore wind farm
Business & Finance

New Export Cable for Gwynt y Môr After Year of Cable Issues

On 14 May, Sumitomo Electric Industries reported that it was awarded an export cable supply contract for the Gwynt y Môr offshore wind farm. The news comes a few months after Ofgem ruled in favour of Gwynt y Môr OFTO plc which had filed an Exceptional Event claim for the project’s export cable failu

about 5 years ago
Hohe See
Business & Finance

BP and EnBW Set Sights on Scottish Offshore Wind

UK oil major BP and the German energy company EnBW will be taking part in the upcoming ScotWind seabed leasing round in Scotland. The companies have now launched a bespoke online portal for the Scottish engineering and supply sector, as they aim to expand their partnership’s offshore wind portfolio

about 5 years ago
An image of a Siemens Gamesa offshore wind turbine
Business & Finance

Six UK Offshore Wind Projects Pass First CfD Milestone

Six offshore wind projects under development in the UK, with a total installed capacity 5.5 GW, have passed their Milestone Requirement (MR), Low Carbon Contracts Company (LCCC) reported. The MR is the first significant milestone for projects awarded Contracts for Difference (CfDs), as it requires d

about 5 years ago
A photo of the Burbo Bank Extension offshore wind farm in the UK
Business & Finance

Inter-Array Cable Issue to Leave EUR 403 Million Mark on Ørsted

An inter-array cable issue on several Ørsted’s offshore wind farms in the UK and Continental Europe could have a total financial impact around DKK 3 billion (around EUR 403 million) across 2021 to 2023, the company reported in its latest financial results. A cable failure was discovered during an in

about 5 years ago
ORE Catapult Picks 28 Companies for Offshore Renewables Growth Programme
Business & Finance

ORE Catapult Picks 28 Companies for Offshore Renewables Growth Programme

Offshore Renewable Energy (ORE) Catapult has selected 28 UK businesses to benefit from the Fit 4 Offshore Renewables (F4OR) business improvement and supply chain growth programme. This latest regional F4OR round includes 16 companies from the northeast of Scotland and 12 in North East England, which

about 5 years ago
A photo of an offshore wind farm in sunset
Business & Finance

Offshore Wind FIDs to Increase by 57 Per Cent by 2022 – Westwood

Offshore wind energy projects final investment decisions (FIDs) will grow 57 per cent in the next 18 months, compared to the 2019-20 period, according to a new analysis from Westwood Global Energy Group. The global analysis, excluding mainland China, states that the FIDs growth represents an additio

about 5 years ago
Vestas Raring to Grow in UK
Business & Finance

Vestas Raring to Grow in UK

Wind turbine manufacturer Vestas plans to further expand its UK offshore wind production footprint, contingent on securing sufficient project volume in the upcoming Contracts for Difference (CfD) Allocation Round 4. Following its recent re-entry into offshore wind, Vestas is now investigating the po

about 5 years ago
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