Ecosse Subsea Systems (ESS) today informed that it had been awarded a contract for the seabed clearance at the Beatrice offshore wind farm site in the Outer Moray Firth. Offshore WIND reported on the start of the works in early March, when Siem Offshore Contractors was set to begin the boulder remov
The merger between Gamesa and Siemens Wind Power has become effective as of 3 April, after the registration of the combined company in the Mercantile Registry of Biscay, in Spain.
After fulfilling one of the prerequisites for the sale of its 40% share in the Sheringham Shoal offshore wind farm by transferring the operator role to Statoil, Statkraft will commence the formal divestment process in June, together with that for its 30% share in the Dudgeon offshore wind farm.
Offshore wind remains a key focus area for LM Wind Power, the company stated as it issued its 2016 annual results, reporting a revenue of EUR 1.06 billion, (EUR 750 million in 2015) and an EBITDA of EUR 174 million (EUR 98 million in 2015).
After James Fisher and Sons took over Hughes Sub Surface Engineering Limited (HSSE) last year and Rotos 360 in March, the company’s unit dedicated to marine renewables, James Fisher Marine Services (JFMS), has acquired Insight Marine Projects – a specialist survey company headquartered in Cornwall.
Some 90% of Norwegian shipowners find the offshore wind industry as interesting for their activities in the future, according to a diagram published by the Norwegian Shipowners’ Association.
TenneT launched and priced the first-ever green hybrid bond in an amount of EUR 1 billion on 29 March.
Dounreay Tri Ltd has closed a EUR 45 million senior secured bond issued in the Nordic bond market, the proceeds of which will be used to partially fund construction costs of the company’s planned 10MW floating offshore wind installation.
Sif Group reported a revenue of EUR 400.3 million for 2016, a 24.6% increase from EUR 321.3 million in 2015, with the company’s net earnings rising by 5% from EUR 35.6 million in 2015 to EUR 37.4 million last year. The company’s net debt also increased, but mainly due to building new facilities that
Offshore wind could potentially be fully integrated into the market on a competitive basis in some European countries within the next decade, according to a new report published by the International Energy Agency’s Renewable Energy Technology Deployment programme (IEA-RETD).
Dutch transmission system operator TenneT has invited tenders for provision and installation of high voltage alternating current (HVAC) cables that will connect the three offshore substations at the 1.4GW Hollandse Kust (zuid) and the 700MW Hollandse Kust (noord) offshore wind farm zones to the main
The European Commission has found support to be granted to the 600MW Kriegers Flak offshore wind farm in Danish territorial waters to be in line with EU state aid rules.
The Switch, a specialist in drive train technology, has reported a net sales increase of 80% from EUR 40 million to more than EUR 72 million over the last year, with the Chinese wind power market and European offshore wind projects driving the company’s growth.
ORE Catapult published a new report on 28 March, highlighting the economic benefits of a strong UK offshore wind industry, which could be worth as much as GBP 2.9 billion to the UK economy by 2030.
