Business & Finance
CDC to Buy Brayton Point Power Station. Eyes Offshore Wind Potential
Commercial Development Company (CDC), a U.S. commercial real estate and brownfield redevelopment company plans to buy the retired Brayton Point Power Station in Somerset, identified as having big potential to serve the offshore wind industry.
Scottish Energy Ports Directory Goes Live
Highlands and Islands Enterprise (HIE), Scottish Enterprise (SE) and the British Ports Association (BPA) have launched a Scottish ports directory which provides technical information on active Scottish marine energy industry ports covering the oil and gas, decommissioning, subsea and renewable secto
Ørsted Tweaks Hornsea Three Cable Route
Ørsted has invited comments on the proposed modifications to the onshore and offshore export cable corridor for the Hornsea Project Three wind farm located some 120 kilometres off the north Norfolk coast, UK.
Offshore Wind Drives MAKE’s Global Outlook Upgrade
MAKE has upgraded its ten-year global wind outlook citing innovation and advancements in cost-out measures in offshore wind as main drivers behind the upgrade.
VBMS and Kintech Energy Introduce Resin-Free Hang-Offs
VBMS and Kintech Energy Ltd. have jointly developed a resin-free hang-off solution for fixing and sealing subsea cables in offshore structures which could potentially be used on the Horns Rev 3 wind farm off Denmark.
Expertise Hub VIDEO: Monopiles Are a Perfect Fit for Next Generation Turbines (Sif Group)
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 Negotiating Siem Offshore Contractors Sale
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.
ZTT Enters Offshore Wind Construction Market, Orders Three Vessels
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.
Swire Blue Ocean CEO and Director Steps Down
Lars Blicher, CEO and Director at Swire Blue Ocean, resigned from the position on 16 November.
Legal & General Backs PKA, PFA’s Walney Deal with GBP 300 Million
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).
BiFab Safe Until April
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 Reinforcing Its U.S. Offshore Wind Budget
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 Green Bonds Fly Off the Shelf
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.
International Business Guide: The Cross Media Interconnector for the Offshore Wind Supply Chain
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.