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
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
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
UK Govt Outlines Plans for First GBP 290 Million of CfD Funding
The UK Government set out further details for the next Contracts for Difference (CfD) auction today, which will allow for companies to compete for the first GBP 290 million worth of contracts for renewable electricity projects starting to generate from 2021/22 or 2022/23, including offshore wind. In
VIDEO: Pre-Construction, Construction and O&M (Expertise Hub)
For offshore wind farms to properly deliver power to households on land, not only do professionals using gigantic vessels and high-tech machinery need to install massive and complex infrastructure, but the selected sites also must be thoroughly surveyed before the construction can start. Once all se
VBMS and NKT Nab Borssele Alpha Export Cable Contract
Dutch transmission systems operator TenneT has awarded a consortium of VBMS and NKT Cables with a contract to supply and install two export cables that will connect the Borssele I & II offshore wind farms to TenneT’s onshore grid in the Netherlands. The contract value of VBMS’ share is approximately
US Wind, TPA Host Offshore Wind Supply Chain Manufacturers in Baltimore
Maryland-based offshore wind developer US Wind, Inc. partnered with Tradepoint Atlantic (TPA), the firm overseeing the 3,100-acre redevelopment of the former Sparrows Point steel mill, to host offshore wind supply chain manufacturers at TPA’s Port of Baltimore facility on 2 November. Representatives
DONG Feels Wind Power
Denmark’s DONG Energy recorded DKK 4.8 billion (EUR 645 million) operating profit (EBITDA) in the third quarter of 2016, a 7% improvement compared to the third quarter of 2015 driven by a 19% increase in the company’s Wind Power and a lump sum payment received in connection with the completed renego
GSG Towers Aims High after Upgrades
Poland’s GSG Towers, a Gdańsk Shipyard Group company, has recently opened upgraded facilities for the production of wind towers and steel structures for the offshore industry. GSG Towers invested around PLN 160 million (EUR 37 million) in upgrading its bending, welding and paining equipment which is
Navigant Takes Over Ecofys
Navigant today reported it had acquired Dutch consultancy Ecofys. According to Navigant, the acquisition further strengthens and expands its position in the global energy consultancy market. “Ecofys has a strong reputation as a premier provider of energy consulting services,” said Jan Vrins, managin
E.ON to Invest in Offshore Wind Every Two Years
E.ON Climate & Renewables (ECR), the renewables unit of the German energy company E.ON, plans to invest in one offshore wind project every two years as the company halved its renewable energy investment pipeline due to changing market regulations, ECR’s CEO Michael Lewis told Reuters. ECR is cutting
Prosperous OW in North East UK Brings Advanced Global Energy to Hull
Advanced Global Energy has opened an office in Hull, after identifying the UK’s North East as a key region for growth. The region remains one of the largest providers of offshore wind energy to the UK, with a further GBP 18 billion to be invested in the industry in the next five years, according to
Port of Rotterdam Welcomes Hollandse Kust (Zuid) Cables
The Port of Rotterdam has welcomed the announcement that the Dutch government identified the port’s Maasvlakte North zone as the most suitable landfall location for onshore cables which will connect four 350MW offshore wind farms in the Hollandse Kust (zuid) zone to the grid. The offshore grid at Ho
WFW Among Leading Renewables Legal Advisers in Q3
International law firm Watson Farley & Williams (WFW) has come joint first by deal count with Allen & Overy in Inspiratia’s Global Q3 2016 Infrastructure and Renewables Legal Adviser Rankings. The firm came third by transaction volume, behind Allen & Overy and Linklaters, having advised on circa USD