Business & Finance
Ørsted Sells 50% of Walney Extension
Ørsted, the former DONG Energy, has signed an agreement to sell 50% of Walney Extension, a 659 MW UK offshore wind farm project to a consortium consisting of PKA and PFA, two Danish pension funds.
Statoil Aims at NY Offshore Wind Power Purchase Agreement by End-2018
Norwegian energy company Statoil plans to sign a power purchase agreement with a U.S. utility by the end of 2018 in order to develop an offshore wind project off New York, a senior company official told Reuters.
Fugro’s Results Below Expectations. Company Sees Further Growth in Renewables Market
Commenting on Fugro’s financial results for the third quarter of 2017, which were below the company’s expectations, CEO Paul van Riel said that Fugro has strong positions in the renewable energy market with good potential for further growth.
NKT’s Borssele Beta Contract Share Valued at EUR 90 Million
NKT’s part of the contract for Borssele Beta, won in a consortium with VBMS, is valued at approximately EUR 90 million. As reported earlier, the contract value for VBMS is approximately EUR 70 million.
UK: Digitalisation – A Next-Level Opportunity Offshore Wind Should Take
Industrial digitalisation could enable significant opportunities for export growth in the UK offshore wind sector, according to the latest UK Made Smarter Review – previously known as the Industrial Digitalisation review.
Vineyard Wind Expands Offshore Wind Team
Vineyard Wind, an offshore wind energy developer vying to build the first utility-scale project off the coast of Massachusetts, has named Lars Thaaning Pedersen as its new CEO and Iain Henderson as CFO.
Borssele Wind Could Power Corporations
The developers of the commercial offshore wind farms in the Dutch Borssele Zone (which also comprises a demonstration site) are looking to sell electricity to corporations, according to Reuters.
DONG Changes Ticker to Orsted
DONG Energy will start trading under the ticker symbol Orsted as of 31 October, after the shareholders approved the plan to change the company’s name to Ørsted.
DeepOcean’s COO Mæland to Take Over Acting CEO Position
DeepOcean’s Board of Directors has announced that COO Ottar Mæland will take over the responsibilities as the company’s acting CEO.
GWS Shines on Fred. Olsen Windcarrier Balance Sheet
Global Wind Service (GWS), 75.5%-owned by Fred. Olsen Windcarrier, saw a 13% revenue growth in the third quarter of 2017, as its owner reported lower revenues from installation vessels for Q3.
SOC Eyes Larger Scope Offshore Wind Contracts
Siem Offshore Contractors (SOC) continues to experience a high level of tendering activity for EPIC-based contracts for submarine power cables to be laid on offshore wind farms, the company stated in their report on the third quarter of 2017.
Grid, Cable Issues Leave Mark on Vattenfall’s Q3 Results
Vattenfall’s wind energy unit reported an underlying operating profit of SEK -0.3 billion (approx. EUR 31 million) for the third quarter, due to lower availability resulting from grid outages and cable issues in some offshore wind farms.
Parkwind Schedules Northwester 2 Financial Close for 2018
Following the support scheme agreement reached today (27 October) with Belgian government for its Northwester 2 offshore wind farm, Parkwind announced it will now accelerate project development activities and prepare for financial close in 2018.
Belgium Agrees on EUR 79/MWh for Three Offshore Wind Farms
Belgian government today (27 October) reached an agreement with the developers of three offshore wind projects on a price of EUR 79/MWh as part of the government’s support scheme.