Business & Finance
Cape Wind Project Is No More
Energy Management Inc. has abandoned the development of the 468MW Cape Wind offshore wind farm and notified the U.S. Bureau of Ocean Energy Management (BOEM) that it terminated the development lease, Bloomberg reports.
Jobs Lost at Naval Energies (Former DCNS Energies)
Naval Energies, formerly known as DCNS Energies, is cutting 100 out of 260 jobs with 30 employees being transferred to its parent company Naval Group (former DCNS Group) and 70 people losing their jobs completely, according to French media.
Deepwater Wind Preparing South Fork OWF Applications, Opens Office in New York
Deepwater Wind is currently preparing to submit more than 20 local, state and federal applications for its South Fork offshore wind farm in early 2018 and has now opened an office in East Hampton, New York, to support the development of the project, according to U.S. media.
Ørsted Picks Greater Changhua Cable Installation Partner
Ørsted has signed a Memorandum of Understanding (MoU) with Woen Jinn Harbour Engineering to make the Taiwanese company the preferred offshore cable installation partner for the Greater Changhua offshore wind projects.
Global Marine Completes Fugro Cable Lay Business Acquisition
Global Marine Group (GMG) has completed the acquisition of Fugro’s trenching and cable lay services business.
MHI Vestas: Netherlands Pre-Assembly & Logistics Site Holds Big Advantages (Expertise Hub Video)
Setting up a pre-assembly and logistics facility at BOW Terminal Vlissingen allows us to be closer to Dutch offshore wind zones where we see a potential pipeline of projects, Bo J. Bjerregaard, Director of Pre-Assembly & Logistics at MHI Vestas Offshore Wind, said.
Swancor, TIPC Form Offshore Wind Joint Venture
Swancor and TIPC Marine Corporation, part of Taiwan International Ports Corp. (TIPC), have entered a joint venture to develop, construct, operate and maintain offshore wind farms.
Global Renewables Shipbrokers Opens U.S. Office
Global Renewables Shipbrokers (GRS), a Germany-based shipbroker for offshore tonnage in renewable energy, has opened an office in Atlanta, Georgia, the U.S.
East Anglia ONE Proves Steep Learning Curve for Lamprell, Hits 2017 Results
Lamprell’s East Anglia ONE project, involving fabrication of 60 jacket foundations and their accompanying piles, has brought startup costs and inefficiencies with the learning curve proving to be steeper than anticipated, according to the company, who said it now expects the project to make a signi
CIP Joins Australian 2GW Offshore Wind Project
Australia’s Offshore Energy and Copenhagen Infrastructure Partners (CIP), on behalf of the fund Copenhagen Infrastructure III K/S (CI III), have entered into a partnership regarding the continued development of Australia’s first offshore wind farm, the Star of the South.
ORE Catapult Makes Impact with Partnerships
ORE Catapult marked its 2016/17 financial year with over 500 collaborations with industry and academia, a 10% increase from the previous year, including support to 134 small and medium-sized companies and participation in 35 international projects.
Cross-Border Offshore Wind Solutions Key to Meeting EU Target
Developing cross-border solutions in the offshore wind sector will be key to meeting the target set by the European Commission, said Christopher Jones, Deputy Director General for Energy at the European Commission.
Manor Renewable Energy Buys UK Ship Building Company
Supplier of generators, vessels and personnel to the offshore renewables sector Manor Renewable Energy Ltd. (MRE) has acquired the entire share capital of UK ship builders Manor Marine UK Limited (MM).
Wind Industry Meets Hedging Against Volume Risk
WindEurope and Swiss Re Corporate Solutions have published a report called The value of hedging, which introduces hedging as an instrument to cover the resource risk of variable wind generation, or ‘volume risk’, as wind power projects are getting more exposed to market risks with the transition to