Business & Finance
Ørsted’s Offshore Wind Farms Finish 2017 Strong
World’s leading offshore wind developer Orsted expect an operating profit (EBITDA) of approximately DKK 22.5 billion for 2017, which is an improvement compared to the company’s most recent outlook of around DKK 21 billion.
EEN, Innovate UK Invite Applications for Fully-Funded Visit to China
Enterprise Europe Network (EEN) and Innovate UK are organising a fully-funded visit to China for up to 15 high growth UK businesses operating in the offshore wind sector. The visit is planned for March, with the application period open until 22 January.
TenneT CEO to Hand Over the Helm
TenneT CEO and Chairman of the Board of Management, Mel Kroon, will resign in the second half of 2018. TenneT’s Supervisory Board has already started the search for his successor, while Kroon will continue to fulfil his role until this process is completed.
BNEF: Offshore Wind to Hit 115GW Mark by 2030
The global offshore wind market is set to grow at a 16 percent compound annual rate from 2017 to 2030, reaching a cumulative capacity of 115 gigawatts compared with 17.6 gigawatts today, according to Bloomberg New Energy Finance.
Samuel Leupold Leaves Ørsted, Martin Neubert New Wind Power CEO
Samuel Leupold, CEO of Ørsted Wind Power, has decided to resign from the company and will leave Ørsted on 28 February 2018. He will be succeeded by Martin Neubert, currently Senior Vice President at Ørsted Wind Power, who will take over the position from 1 February.
Dutch Offshore Wind Project Attracts Major Investor
Private market investment managers, Partners Group, has signed an agreement to join the Blauwwind consortium developing the Borssele III & IV offshore wind farms as an equity investor on behalf of its clients.
MHI Vestas Opens Warrington Office
MHI Vestas launched a new office in Warrington, UK, on 8 January.
Ramboll Streamlines Energy Division
Ramboll is merging its energy and oil & gas divisions into Ramboll Energy in response to a changing world energy market and a strong push towards renewables.
Senvion Firms Offshore Wind Order Intake
German wind turbine manufacturer Senvion reported a firm order intake of EUR 306 million in its offshore wind segment in 2017, compared to no firm orders recorded a year earlier.
Global Wind Service Marks Ten Years in Business
On 4 January, Global Wind Service (GWS) celebrated ten years since it was founded. The company, now employing 600 people, worked on over 300 projects in 35 countries and has local business units in ten countries.
Energy Solutions Secures Cable Monitoring System Contract
Delft-based high voltage engineering and consultancy company Energy Solutions BV has won a contract to provide the Dutch transmission system operator TenneT with heat monitoring systems for sea and land cables.
3i Infrastructure Finalizes Esvagt Refinancing
3i Infrastructure has completed an EUR 376 million refinancing of Esvagt, which is expected to enable the Danish vessel supplier to continue its offshore wind services expansion.
Royal IHC Swoops On KCI The Engineers
Oceanteam and Royal IHC have signed a contract by which IHC will acquire all of the outstanding share capital of Oceanteam’s Dutch-based engineering and consultancy company KCI The Engineers.
Atos Acquires Siemens Convergence Creators
Siemens Convergence Creators, a Siemens subsidiary that recently signed an eight-year contract for its SCADA Networks and Telecommunication Systems to be used at Ørsted’s offshore wind farms, has been acquired by Atos, a specialist in digital transformation.