Business & Finance
NIRAS Makes Taiwan Stay Permanent
Denmark-headquartered consultancy Niras has opened a permanent office in Taiwan in an effort to facilitate access to this country’s developing offshore wind market.
Gardline Streamlines Marine Department
Two of the Gardline Group’s wholly owned companies active in marine environmental survey, consultancy, impact appraisal and marine planning have integrated as Marine Ecological Surveys Ltd (MESL) joins forces with Marine Planning Consultants (MPC).
Iberdrola Ups Investments as Profit Dips in Q1 2017
Iberdrola posted net profit of EUR 827.6 million in the first quarter of 2017, 4.7% down on the same period last year.
Gemini Delivers Early
The 600MW Gemini offshore wind farm in the Dutch North Sea achieved full completion on Friday, April 28, ahead of schedule and under its total budget of EUR 2.8 billion, Northland Power, the wind farm’s majority owner, said.
DONG Energy Opens Boston Office
World’s leading offshore wind developer DONG Energy has officially opened its U.S. headquarters in Boston, Massachusetts.
Hibikinada Offshore Wind Farm Developers Form Special Purpose Company
The winners of the tender to build the Hibikinada nearshore wind farm off Kitakyushu, Japan, have established a special purpose company (SPC) – Hibiki Wind Energy.
Sandbank Starts Making an Impact on Vattenfall’s Numbers
Vattenfall’s Wind Business Area recorded an uptick in wind generation in the first quarter of 2017 on the back of more than 500MW of added capacity, including the recently commissioned 288MW Sandbank offshore wind farm.
Offshore Wind Lifts Subsea 7
Subsea 7 reported revenue of USD 897 million for the first quarter of 2017, a 20% jump compared to the same period a year earlier mainly due to a good performance of the company’s newly formed Renewables and Heavy Lifting division.
Murphy Commits to Putting New Jersey on Offshore Wind Map
Phil Murphy, a Democratic Party candidate in the 2017 New Jersey gubernatorial race, has revealed details of his State Energy Master Plan which calls for 3,500MW of commissioned offshore wind capacity by 2030.
DONG Energy’s Wind Earnings Up, EBITDA Down in Q1 2017
DONG Energy reported an operating profit (EBITDA) from continuing operations of DKK 3.3 billion (EUR 443.5 million) in the first quarter of 2017, a 53.5% slide compared with DKK 7.1 billion in Q1 2016, despite a 21% jump in earnings from commissioned wind farms.
Polenergia Secures Environmental Permit for Second Baltic Offshore Wind Farm
Polish energy company Polenergia S.A. has obtained a legally binding environmental decision defining environmental requirements for the implementation of the 600MW Polenergia Baltic Sea II offshore wind farm (Polenergia Bałtyk II).
Ziton Marks Revenue Spike
Danish jack-up vessel owner Ziton has reported EUR 29 million revenue for the Fiscal Year 2016, a near 219 per cent increase compared to EUR 9.1 million revenue recorded a year earlier. Ziton more than tripled its revenue in 2016 on the back of increased activity levels and higher utilisation rates
GWEC: Offshore Wind Set For Global Expansion
Cumulative installed wind power capacity will top 800GW by the end of 2021, with offshore wind establishing a firmer foothold outside Europe in the next several years, according to a report by the Global Wind Energy Council (GWEC).
Belgian Offshore Cluster Advises Prudence on Future Offshore Wind Moves
Belgian Offshore Cluster (BOC) has urged the government ”not to take any impulsive and ill-considered decisions next week” with regards to the intention of the country’s Secretary of State for the North Sea, Philippe De Backer, to cancel concessions for future offshore wind farms.