Business & Finance
Offshore WIND Magazine Edition 2: Operations and Maintenance Focus
Among others, DONG Energy and Siemens will offer their views on the developments and trends within offshore wind operations and maintenance in this year’s second edition of the Offshore WIND Magazine.
DONG Powers Wienerberger’s Switch to Green Energy
Building material provider Wienerberger has entered into a partnership with DONG Energy which will now supply all of Wienerberger’s UK sites with renewable electricity.
Siemens Wind Power CEO to Head Siemens-Gamesa Offshore Business
Markus Tacke, previously CEO of Siemens Wind Power, will head the Offshore business at the new company established by Siemens and Gamesa – Siemens Gamesa Renewable Energy.
TenneT Granted EUR 350 Million EIB Loan for NordLink
The European Investment Bank (EIB) will provide a EUR 350 million loan to TenneT to finance the 1.4GW NordLink high voltage direct current (HVDC) subsea interconnector between Norway and Germany.
Triton Knoll Hires Dalcour Maclaren as Land Agent
Triton Knoll Offshore Wind Farm, a project company comprising innogy and Statkraft, has awarded Dalcour Maclaren with a contract for Land Agent services as preparation for the onshore construction are under way.
ESS Officially Announces Beatrice Contract
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
Siemens, Gamesa Wrap Up Merger Process, Register New Company
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.
Statkraft to Start Divesting Sheringham Shoal, Dudgeon Shares in June
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 Key Focus Area for LM Wind Power
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).
James Fisher Continues Acquisition Spree
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.
Norwegian Shipowners Make Case for Offshore Wind
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 Backs Its Offshore Grid Plans with EUR 1 Billion Green Hybrid Bond
TenneT launched and priced the first-ever green hybrid bond in an amount of EUR 1 billion on 29 March.
Dounreay Tri Kicks Off Construction Works after Closing EUR 45 Million Bond
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’s 2016 Figures Go Up
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