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Business & Finance

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Taiwanese Consortium Sets Sights on Offshore Wind
Business & Finance

Taiwanese Consortium Sets Sights on Offshore Wind

A consortium led by shipbuilder CSBC Corp. has launched a strategic alliance aimed at helping Taiwan reach 520MW of installed offshore wind capacity by 2020 and 3GW of installed capacity by 2025, the state-run Taiwan Today reports. The public-private consortium includes government-backed enterprises

about 10 years ago
European Commission Approves Norther’s New Ownership Structure
Business & Finance

European Commission Approves Norther’s New Ownership Structure

The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of joint control over Norther NV by Diamond Offshore Wind Holdings II BV of the Netherlands, Eneco Wind Belgium NV and Elnu NV, a subsidiary of Elicio NV, all of Belgium. The Commission concluded that the

about 10 years ago
South Korea Tapping Into Dutch Offshore Wind Know-How
Business & Finance

South Korea Tapping Into Dutch Offshore Wind Know-How

Energy research Centre of the Netherlands (ECN) and DUWIND/TU Delft have designed a long-term training programme for future South Korean experts who will work on developing offshore wind potential off the Jeju Island. Over a five-year period, academic-level Koreans will receive training in basic the

about 10 years ago
Sif Lays Good Foundation for 2017
Business & Finance

Sif Lays Good Foundation for 2017

Sif today reaffirmed the projected production of 183 ktons for the entire 2016, with a full order book for offshore wind and the order book for offshore oil and gas filled to the base load level. For 2017 and Q1 2018, the order book is filled up to 118 ktons and an additional 160 ktons are […

about 10 years ago
Grid Expenses Hurt innogy’s Earnings
Business & Finance

Grid Expenses Hurt innogy’s Earnings

innogy, a renewable energy, retail and grid spin-off of the German energy company RWE, issued its first independent financial report following the Initial Public Offering (IPO) in October, reporting a dip in earnings in the first nine months of 2016. The results were negatively affected by high expe

about 10 years ago
RTE Seeks UXO Surveyors for Two French Offshore Wind Farm Projects
Business & Finance

RTE Seeks UXO Surveyors for Two French Offshore Wind Farm Projects

French transmission systems operator RTE (Réseau de transport d’électricité) has invited tenders to determine the presence of unexploded ordnance (UXO) along the proposed export cable routes for the Le Tréport and Yeu Noirmoutier offshore wind farms. RTE is looking for a provider of geotechnical inv

about 10 years ago
Boskalis Has Wind at Its Back
Business & Finance

Boskalis Has Wind at Its Back

Royal Boskalis Westminster today reported that both revenue and operating profit were higher in the third quarter of 2016 than the average seen in the first two quarters of the year, with the increase wholly attributable to the contribution from the offshore activities acquired from VolkerWessels, w

about 10 years ago
New East Anglia ONE Contracts Up for Grabs
Business & Finance

New East Anglia ONE Contracts Up for Grabs

Developers of the 714MW East Anglia ONE offshore wind farm will hold an East of England supply chain event in the new year to announce new contracts, ScottishPower Renewables’ Charlie Jordan, director of the GBP 2.5 billion project, said. More than 450 hopeful suppliers had already registered on Sco

about 10 years ago
Triton Knoll Has Eyes on CfD Prize
Business & Finance

Triton Knoll Has Eyes on CfD Prize

The developers of the 900MW Triton Knoll offshore wind farm have welcomed the UK government’s confirmation that the next Contracts for Difference (CfD) auction will open in April 2017, adding that the project is well prepared to submit a bid into the next auction and is in an excellent position to c

about 10 years ago
EnBW’s Offshore Wind Has Its Ups and Downs
Business & Finance

EnBW’s Offshore Wind Has Its Ups and Downs

German utility EnBW’s Renewable Energies department recorded an operating result (adjusted EBITDA) of EUR 223.2 million in the first nine months of 2016, a 42.8% jump compared to EUR 156.3 million EBITDA reported for the first three quarters of 2015, mainly due to the full commissioning of the EnBW

about 10 years ago
Siemens Wind Power’s Q4 2016 Profit Up Despite Thinner Orderbook
Business & Finance

Siemens Wind Power’s Q4 2016 Profit Up Despite Thinner Orderbook

Siemens Wind Power and Renewables recorded an 84% rise in profit in the fourth quarter of the Fiscal Year 2016 despite a 56% slide in orders received compared to the fourth quarter of 2015. The profit in the company’s renewables division was EUR 132 million in Q4 FY 2016, compared to EUR 72 million

about 10 years ago
E.ON’s Offshore Wind Comes On In Leaps and Bounds
Business & Finance

E.ON’s Offshore Wind Comes On In Leaps and Bounds

German energy company E.ON’s offshore wind division recorded adjusted earnings before interest and tax (EBIT) of EUR 243 million in the first nine months of 2016, a 196.4% rise compared to EUR 82 million reported for the same period a year earlier. The improved performance was attributed to Amrumban

about 10 years ago
RenewableUK: New CfD Round Good News for Offshore Wind and British Industry
Business & Finance

RenewableUK: New CfD Round Good News for Offshore Wind and British Industry

The UK government’s announcement of the next round of competitive auctions to support offshore wind will provide a massive boost for British industry, RenewableUK said. The next round of Contracts for Difference (CfD) auction, announced on Wednesday, 9 November, will allow for companies to compete f

about 10 years ago
Vattenfall Wins Kriegers Flak Tender with EUR 49.9 per MWh Bid
Business & Finance

Vattenfall Wins Kriegers Flak Tender with EUR 49.9 per MWh Bid

Swedish energy company Vattenfall has won the tender to build the 600MW Kriegers Flak offshore wind farm in the Danish part of the Baltic Sea with the lowest ever bid of EUR 49.9 per MWh, 58% below the original cap of EUR 120 per MWh. “The announcement is an essential milestone for our ambition to i

about 10 years ago
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