Business & Finance
Douglas-Westwood: Offshore Wind Driving 2017-2021 Subsea Cable Market Growth
Subsea cable demand will grow at a compound annual growth rate (CAGR) of 7% over the 2017-2021 period, with the offshore wind sector driving the market demand, according to this year’s first issue of Douglas-Westwood’s biannual Subsea Cable Tracker report.
ElecLink Picks UK-France Link Dream Team: Siemens, Prysmian, Balfour Beatty
ElecLink, a wholly owned subsidiary of Groupe Eurotunnel, has awarded contracts for the UK-France interconnector for which the foundation was laid yesterday. The developer contracted Siemens, Prysmian and Balfour Beatty to build the 1GW HVDC link.
Mitsui O.S.K. Lines to Take 5% Stake in Seajacks
Tokyo-based Mitsui O.S.K. Lines (MOL) today informed it plans to acquire a 5% share in Seajacks from Marubeni Corporation.
Foundation Laid for UK-France Interconnector
The foundation stone for ElecLink, the GBP 490 million interconnector between UK and France, was laid yesterday, marking the start of works on the 1GW link between the two countries that will, i.a., enable higher levels of renewables in the two countries’ power grids.
US Renewables to See Big Chunck of Iberdrola’s EUR 25Bn Investment Budget
Iberdrola is increasing its net investments by EUR 1 billion, from EUR 24 billion planned at the beginning of 2016 to EUR 25 billion, with 42% of the amount earmarked for renewable energy projects, with most of them located in the United States.
UK Wind Conditions Affect Iberdrola’s 2016 Results
Even though Iberdrola’s overall gross operating profit (EBITDA) improved by 5.5% in 2016 compared to the year before, the company yesterday reported an 8.9% decrease in its renewables business EBITDA, driven by weaker performance in the UK due to foreign exchange and lower wind resource throughout t
LM to Build Offshore Wind Turbine Blade Factory in France
LM Wind Power will open a new wind turbine blade factory dedicated to the offshore market in Cherbourg, France, with ground breaking set to take place in March 2017 and production expected to commence from June 2018, the company revealed today.
Siem Offshore Gearing Up for 3 OWF Inter-Array Gigs
Siem Offshore Contractors (SOC) is preparing for work on three upcoming offshore wind projects, for which the company signed contracts last year, while also nearing completion for several projects currently underway.
Shell Eyes More Action in European Offshore Wind
The Netherlands-based oil and gas giant, Shell, is looking to get on board further projects across Europe as it aims to dive deeper into the offshore wind market.
US Grid Ready for Large-Scale Offshore Wind Power Boost
US electrical grid has the potential to handle large amounts of installed offshore wind capacity which would also lead to less pollution and reduced electricity costs, according to a study carried out by researchers from the University of Delaware and Princeton University.
Windstream Takes Canada Govt to Ontario Superior Court
Windstream Energy yesterday filed an enforcement application with the Ontario Superior Court after the Government of Canada failed to comply with the terms of payment following a ruling from September 2016, which awarded the company with more than CAD 28 million in damages for its stalled 300MW offs
Iberdrola Expects Saint-Brieuc Construction Permit in First Half of 2017
Spanish energy company Iberdrola expects to receive a construction permit for the 500MW Saint-Brieuc offshore wind project by 30 June, 2017.
Offshoreenergy.dk Draws Up East UK Offshore Wind Facts Sheet
Following the most recent visit to the Humber region in November 2016, Denmark’s network for the offshore industry, Offshoreenergy.dk, compiled a fact sheet containing descriptions of commissioned and planned offshore wind projects and the important harbours on the east coast of the UK.
NHV Helicopters on Beatrice Duty
The NHV Group has won a contract with Seaway Heavy Lifting (SHL) to provide helicopter services in support of their upcoming wind farm construction project at the Beatrice offshore wind farm in the Scottish North Sea.