Business & Finance
VIDEO: Investment and Future Prognosis (Expertise Hub)
It has been projected that global offshore wind expenditure will reach GBP 210 billion (approx. EUR 247 billion) by 2025. Investments in the offshore wind sector depend on the certainty within the market, and this is subject to favourable governmental policies and the industry’s ability to cut down
Senvion Swoops On Euros
German wind turbine manufacturer Senvion has acquired 100 per cent of the shares of Euros Group in an all-cash transaction. Euros, located in Berlin and southern Poland, covers all areas of rotor blade design and production as well as master plug and mould design. The fully functional blade, mould a
Eni and GE Form Renewables Pact
Italian oil & gas major Eni has signed an agreement with General Electric (GE) to develop renewable energy projects and hybrid solutions with a focus on energy efficiency.
Humber Gateway Community Support Fund Gives Back
17 organisations in the Holderness area of East Yorkshire are set to benefit from additional Community Support Funding associated with E.ON’s 219MW Humber Gateway offshore wind farm. Following the successful allocation of GBP 100,000 to 20 local groups in 2015, an independent panel made up of local
Eolfi Enters Taiwanese Floating Wind Market
Taiwanese Ministry of Economic Affairs (MOEA) has signed a Letter of Intent (LOI) with France’s Eolfi for the development of floating offshore wind power in Taiwan. The LOI was signed in Paris on 4 November by the Vice Minister of MOEA Wang Mei-Hua and Alain Delsupexhe, CEO of Eolfi, during the Vice
Vattenfall and Ziton Seal Offshore Wind O&M Deal
Vattenfall Wind Power AB and Denmark’s Ziton A/S have signed a three-year framework agreement through which Ziton will become the main provider of jack-up vessels for major component replacements at Vattenfall’s offshore wind farms. Both companies agree that this is an important step in the right di
Dutch Want In On US Offshore Wind Action
The Holland Home of Wind Energy plans a new visit to Massachusetts in order to secure their part in the development of this US state’s offshore wind potential after their most recent visit reportedly demonstrated that ”offshore wind is about to take off in the US, and Dutch companies could play a ro
Offshore Wind Induces High Voltage Subsea Cable Market Growth
Global high voltage cable market is expected to garner $47.1 billion by 2022, growing at a CAGR of 6.7% from 2016 to 2022, with submarine cables expected to witness the fastest growth during the forecast period with a CAGR of over 8%, according to a new research published by Allied Market Research.
Top News of the Week, 14 – 20 November 2016
Iemants and Jan De Nul Win Kriegers Flak OSS Foundations Work Energinet.dk and 50Hertz Transmission GmbH have awarded Iemants and Jan De Nul Group with a contract to construct, install, ballast and protect gravity based foundations (GBFs) for two offshore substations. ABB Unveils Lightweight, AC Pla
Denmark Cuts PSO Tariff from Power Bills
A broad political coalition in the Danish parliament has reached an agreement to shift the so-called Public Service Obligation (PSO) tariff for renewables away from electricity bills and to the national budget, thus clearing the path for the 350MW near shore wind projects recently awarded to Vattenf
Locals Invited to Hear about Rampion
The Newhaven Chamber of Commerce is organising an information event in Newhaven to discuss the latest developments with the 400MW Rampion offshore wind farm currently under construction off the Sussex coast. Chris Tomlinson, Development Manager, Rampion EON Climate and Renewables, will be the guest
ZTT Group Wins Binhai North Phase 2 Cable Contract
Chinese subsea power cables manufacturer ZTT Group has won a contract to provide 35kV and 220kV submarine composite cables with accessories for the 400MW Binhai North Phase 2 offshore wind farm in the Jiangsu province. China Power Complete Equipment Co., Ltd (CPCEC) accepted ZTT Group’s CNY 298 mill
Vattenfall Cleared to Build Near Danish Shore
Swedish energy company Vattenfall can proceed with plans to develop a 350 MW near shore project off Denmark’s west coast after a majority in the Danish Parliament (Folketing) announced on Friday, 18 November, that it will approve Danish Near Shore (DNS) wind farms. On September 12, the Danish author
NEF Outlines Plan for 160K New Jobs and Additional GBP 7.2Bn in Coastal UK
The New Economics Foundation (NEF) will launch its 20-point action plan to revitalise the UK coast in Parliament this afternoon. Called the Blue New Deal, the action plan identifies 20 priorities and outlines measures that could support up to 160,000 additional jobs and create GBP 7.2 billion of add