Business & Finance
Deepwater Wind and UMass Team Up for Offshore Wind Research
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.
BiFab Crisis: Workers Rally at Scottish Parliament as Unions Urge SSE to ‘Rein In’ SHL
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
STR and SENSYS Form UXO Partnership
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.
Ørsted Allots Second Round East Coast Community Fund Grants
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.
EEEGR Initiative Looking Into Cost-Efficient Offshore Services Sharing
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.
Acquired ABB HV Cable Business Boosts NKT’s Revenue, Offshore Wind Fills Orderbook
The high-voltage activities acquired from ABB have driven an increase in NKT’s Q3 2017 revenue, which was at EUR 303.2 million, EUR 106.9 million more than in Q3 2016. Looking at the first nine months, NKT posted a revenue of EUR 776.5 million, compared with EUR 559.7 million reported for the same p
Delaware Schedules Offshore Wind Meets
Delaware’s Offshore Wind Working Group is hosting two public workshops to gather input on the potential of offshore wind energy and the ways that it might benefit this U.S. state.
Scottish Government Gets Involved in BiFab Case
The Scottish Government and Scottish Enterprise are in discussions with all relevant parties in the BiFab case, with the Government looking to save the company and hundreds of jobs at BiFab facilities in Scotland.
PIC Invests GBP 115 Million in Walney Extension
The UK-based specialist insurer of pension funds Pension Insurance Corporation (PIC) has invested GBP 115 million to provide debt-financing for the acquisition of a 50% share in the 659MW Walney Extension offshore wind farm.
Blauwwind Secures EIB Funding for Borssele Offshore Wind Farm
The European Investment Bank (EIB) has approved project financing for the Blauwwind offshore wind farm located in the Borssele III and IV zones in the Dutch part of the North Sea.
Production Problems, Cost Overruns Behind BiFab Crisis
Production problems and cost overruns related to the Beatrice jacket foundations order are at the root of financial issues that the Scottish company BiFab is currently facing, resulting in its staff coming to work as usual despite the company having no money to pay their wages, just so the Beatrice
NRG Strengthens Its U.S. LiDAR Business
NRG Systems has appointed Barry Logue as the company’s Lidar Wind Energy Solutions Manager responsible for all sales and account management for NRG’s Lidar products and services in North America.
Italian Offshore Wind Project Loses Construction Permit
The Regional Administrative Tribunal of Sicily (Il Tribunale Amministrativo Regionale per la Sicilia – TAR) has revoked a construction permit granted by the Italian Ministry for the Environment, Land and Sea (IMELS) for the 137MW offshore wind project in the Gulf of Gela off Sicily’s southern coast.
BiFab Crisis Continues with No Money Left for Staff Wages
The BiFab management informed trade unions on 13 November that there was no money to pay the wages of their staff. Problems that led BiFab to being a few steps away from going into administration have emerged from a dispute over payments with Seaway Heavy Lifting (SHL), who awarded BiFab with the fa