Business & Finance
DONG Makes Room in Norddeich for Borkum Riffgrund 2
DONG Energy has once again selected the Papenburg-based Johann Bunte Bauunternehmung as the general contractor on the project to expand the existing offshore wind farm operations and maintenance (O&M) centre in Norden-Norddeich, Germany.
Boskalis Announces 230 Layoffs at Its Head Office
Royal Boskalis Westminster has completed a study into the costs of its head office organisation, and will target total cost savings of EUR 30-35 million, resulting in the loss of around 230 jobs.
Bibby Offshore Bolsters Renewables Division
Bibby Offshore has appointed Dorothy Shepherd as general manager for its renewables division. In her new role, Dorothy Shepherd will be instrumental in the delivery of new business in the renewables sector, the company said.
Trump’s Politics Unlikely to Halt US Offshore Wind Growth, Says New Bedford Wind Energy Center
New Bedford Wind Energy Center today (12 May) published an article on the status of offshore wind energy in the United States, saying that the administration of President Donald Trump, who advocated oil and gas exploration and resurrection of the coal industry throughout the presidential election pr
Report: UK Offshore Wind Sparks M&A Bonanza
Investment in renewable energy rose from GBP 3.1 billion to a record GBP 6.6 billion in 2016, with offshore wind representing the bulk of the investment value according to data gathered for UK law firm TLT’s Renewable Energy Finance report with industry analysts Clean Energy Pipeline (CEP).
Hyundai and Atlantis Set Sights on Floating Wind
Marine renewables developer Atlantis Resources has signed a Strategic Partnership Agreement (SPA) with South Korean offshore construction giant Hyundai Engineering & Construction to collaborate on the development of ocean power renewable projects globally.
U.S. Offshore WIND Act Back on the Table
U.S. Democratic Senators Edward Markey, Sheldon Whitehouse, and Congressman Jim Langevin have reintroduced legislation that would extend tax credits for the offshore wind industry beyond 2019.
CIP in 1.5GW Offshore Wind Push in Taiwan
Danish fund management company Copenhagen Infrastructure Partners (CIP) has acquired three offshore wind sites under development in Taiwan with a combined capacity of 1,500MW.
Europe Saw EUR 18.2Bn in New Offshore Wind Asset Financing
In 2016, Europe raised a total of EUR 43 billion for the construction of new wind farms, refinancing operations, project acquisitions, and public market fundraising. Out of EUR 27.6 billion reached in new asset financing, offshore wind accounted for a record-breaking EUR 18.2 billion, while onshore
Senvion Soars Offshore with Nordsee One
German wind turbine maker Senvion reported EUR 90.6 million revenue from the sale of offshore wind turbines in the first three months of 2017, a 217.9 jump compared to EUR 28.5 million revenue recorded in the first quarter of 2016.
Siemens Breaks Ground for Converter Test Center in Nuremberg
Siemens has started building a EUR 35 million test center in Nuremberg for the latest generation of power converters used in high-voltage transmission projects.
GICON and Glosten Float Tension Leg Platform Partnership
Germany’s GICON and the U.S.-based Glosten are forming a strategic business relationship to develop a Tension Leg Platform (TLP) offshore wind foundation.
Offshore Wind Innovation Hub Website Goes Live
The Offshore Wind Innovation Hub (OWIH) has launched its new website which includes an evidence-based identification of UK offshore wind innovation priorities, supply chain growth opportunities and a view of the funding landscape.
Trianel Windpark Borkum II Reaches Financial Close
The 200MW Trianel Windpark Borkum II (TWBII) offshore wind farm project in the German North Sea has reached financial close, Green Giraffe said. Green Giraffe was the sole financial advisor to TWBII, initially owned by EWE and Trianel. Green Giraffe helped arrange the sale of a minority stake to ewz