Business & Finance
EC Approves Support Scheme for Rentel and Norther OWFs
The European Commission (EC) has approved support to the Rentel and Norther offshore wind projects along with authorising Belgian plans to finance electricity generation from offshore renewables. The EC found that that Belgian scheme and the two offshore wind projects are in line with the 2014 Guide
EU, EBRD Agree to Increase Renewable Energy Investment
EU Commissioner Arias Cañete and EBRD President Chakrabarti today signed a new Memorandum of Understanding to enhance energy cooperation between the EU and the European Bank for Reconstruction and Development (EBRD). The new agreement will broaden the existing cooperation to a significant number of
Vattenfall Enters Danish Consumer Market to Offer 100% RE
Vattenfall has acquired Danish energy sales company Vindstød.dk to enter the consumer market. The wind energy developer said that the move is in line with its strategy to take the leading position in sustainable energy production and consumption, following three successful bids for Danish offshore w
DCNS to Tap Into Floating Wind Market with New Subsidiary
French-based company DCNS plans to establish a marine energy subsidiary that would be dedicated to floating offshore wind, tidal and ocean thermal energy conversion (OTEC) technology. “DCNS plans to create a subsidiary dedicated to marine energies and is currently focused on concluding investment fr
DOE Sets New Clean Energy Loan Application Deadlines
The US Energy Department’s Loan Programs Office (LPO) has added new application deadlines for its current Title XVII loan guarantee solicitations, which aim to accelerate the deployment of innovative clean energy technology. The next Part I application deadline is now scheduled for 18 January, 2017.
Boskalis Reduces Its Stake in Fugro, Now Holds Less than 25%
Royal Boskalis Westminster informed yesterday that it had reduced its holding in Fugro to 24.9%. In its 2015 annual report, Boskalis stated that it held 28.6% of Fugro’s shares per 31 December 2015. In March 2015, Boskalis acquired 25.14% Fugro’s shares, which triggered a legal dispute between the c
IRM Best Offshore Wind Area for Subsea Companies to Dive Into
National Subsea Research Initiative (NSRI) has identified operations and maintenance (O&M) – particularly inspection, repair and maintenance (IRM) activities – as the highest potential area for subsea companies to diversify into offshore wind. In a new report titled ‘Subsea Technological Challenges
LEEDCo Looking to Set Up Icebreaker’s Local Supply Chain
The Lake Erie Energy Development Co. (LEEDCo) is looking for local companies that will be a part of the Icebreaker project and will hold a supply chain event on 8 December in Cleveland. In early 2017, Icebreaker Wind Requests for Proposals will be released and each bid specification package will con
Top News of the Week, 28 Nov – 04 Dec 2016
Germany Confirms Offshore Grid Development Plan by 2025 German Federal Network Agency (Bundesnetzagentur) has confirmed a plan for the offshore grid development by 2025 (Offshore-Netzentwicklungsplan 2025), which regulates the connections of wind farms in the North and Baltic Seas to the German tran
Offshore Wind Projects Have Less Delays and Cost Overruns, Says EY
Ernst & Young (EY) has found that an average power and utility megaproject is delivered 35% over budget and two years behind schedule, with offshore wind and gas-powered generation projects suffering significantly less delays and cost overruns than water, hydropower, nuclear and coal projects. In it
Shandong Iraeta to Provide Flanges for 155 Turbines at Two Chinese OWFs
Shandong Iraeta, a Sino-Spanish joint venture will supply flanges for wind turbine towers at two offshore wind projects in Jiangsu Province, China. The company won tenders for 200MW Dafeng and 300MW Jiangjiasha (Jiangsu Longyuan Chiang Sand), both owned by China Longyan Power. Dafeng offshore wind f
CWind Deploys DP2 Vessel in Germany, Another Set to Work in UK
CWind will bring a second DP2 vessel to the market, after the company already chartered one to work in the German offshore wind sector. The new vessel will work in the North East of England, according to Ian Douglas, CEO of Global Marine Systems, which now fully owns CWind. CWind Managing Director,
RenewableUK: Hull Factory Opening Marks New Era for Britain’s Offshore Wind Industry
RenewableUK says today’s official opening of Siemens’ new offshore wind plant in Hull represents a major stride forward for Britain’s rapidly-expanding offshore wind sector. RenewableUK’s Chief Executive, Hugh McNeal, who is attending today’s ceremony, said: “Innovative, large-scale manufacturing fo
Fred. Olsen Windcarrier Names New CEO
Fred. Olsen Windcarrier has appointed Even Larsen as the new CEO. Larsen has been with Fred. Olsen Windcarrier since 2013, where he worked on innovation and product development before becoming project manager for the Global Tech I project. In 2014, Larsen became Head of Commercial and Projects. “To