Monopile foundations are the best option for next generation turbines because they are the most cost-effective solution in the market, Michel Kurstjens, Chief Commercial Officer of Sif Group, said.
Siem Offshore is in talks with a potential buyer of Siem Offshore Contractors (SOC), as the parent company is considering strategic alternatives for its cable lay business amid preparation for an extended downturn in the offshore supply market.
Zhongtian Technology (ZTT) has signed an agreement with China Merchants Heavy Industry for the construction of two wind turbine installation vessels (WTIVs) and one crane vessel, after the Chinese power cables manufacturer entered the offshore wind construction market this summer.
Lars Blicher, CEO and Director at Swire Blue Ocean, resigned from the position on 16 November.
Legal & General has provided approximately GBP 300 million of long-term acquisition debt in support of Danish pension funds, PKA and PFA consortium’s GBP 2 billion purchase of 50% of Walney Extension from Ørsted (former Dong Energy).
Seaway Heavy Lifting (SHL), SSE and the partners to the Beatrice offshore wind project, JCE Offshore, have provided a financial package that will make sure BiFab completes its Beatrice contract, while the Scottish Government continues working with the company and the involved trade unions to find a
Avangrid, the U.S. arm of the Spanish renewable energy giant Iberdrola, has announced the pricing of 3.150% of its notes in aggregate principal amount of USD 600 million, and will use the net proceeds of the offering to finance and/or refinance its renewable energy projects in the U.S., including of
Ørsted has sold its first green bonds for EUR 1.25 billion (almost DKK 10 billion), which will, among other purposes, be used for new and existing offshore wind projects.
In 2018 there will be plenty of offshore wind projects starting construction, and others reaching full operation, and perhaps even one or two ready for decommissioning.
Deepwater Wind is pledging funding for the establishment of a new Blue Economy Initiative at the University of Massachusetts (UMass) to investigate how offshore wind farms can coexist with other ocean-based industries.
The trade unions supporting BiFab workers have called on SSE to ‘rein in’ the contractor Seaway Heavy Lifting (SHL) and save 1,400 jobs in Fife and Lewis. On 16 November, SSE issued a statement saying that, as a 15% shareholder of BiFab, it is willing to play its part in a recovery package supported
Subsea Technology & Rentals Ltd (STR) and SENSYS have established a partnership for providing STR’s global offshore energy customer base with access to SENSYS’ unexploded ordnance (UXO) detection system.
Denmark-based Ørsted has awarded seventeen local organisations from Yorkshire, Lincolnshire and North Norfolk, UK, with grants from the second round of its East Coast Community Fund.
An initiative led by the East of England Energy Group (EEEGR) is investigating how to cut offshore wind costs even more by looking at how offshore services can be shared with the oil & gas sector, including supply vessels and helicopters, like in Dutch waters.
