Amsterdam Capital Partners (Amscap) has acted as an adviser to Merkur Offshore GmbH on arranging the EUR 1.6 billion financing for the 396MW Merkur Offshore wind project, which confirmed financial close today. Michael van der Heijden, Managing Director of Amscap, said: “Merkur is another record brea
HiDef Aerial Surveying Limited has completed a merger with German environmental consultancy, BioConsult. The partnership gives HiDef access to BioConsult’s pool of over thirty environment scientists, marine biologists, ornithologists and statisticians. The link between BioConsult SH and HiDef was es
Lord Haskins, Chair of the Humber Local Enterprise Partnership, has urged the UK government to show its commitment to development of offshore wind industry in the Humber estuary in response to DONG Energy’s decision not to build a GBP 450 million offshore wind hub at the Able Marine Energy Park (AME
German wind turbine maker Senvion posted revenues of EUR 505 million in the second quarter of 2016, a 7% increase compared to the second quarter of 2015, on the back of the strong performance of the offshore and service business. Senvion said that the improved results in the second quarter put the c
The 396MW Merkur offshore wind project has reached financial close and is now moving into the construction phase. Merkur is a construction-ready wind farm located approximately 45km north of the islands of Borkum, Germany, in the North Sea. It will consist of 66 turbines and will generate approximat
German wind farm developer PNE Wind recorded EUR 1.4 million operating loss in the first six months of 2016, as compared to EUR 24 million operating profit reported for the same period a year earlier, as the high expenses related to the construction of wind farms dragged the company’s results down.
The global wind Operations and Maintenance (O&M) is estimated to increase from USD 10 billion in 2015 to USD 17 billion by 2020, at a compound annual growth rate of 11.2%, according to research and consulting firm GlobalData. The company’s latest viewpoint states that technological developments have
Aberdeen-based ROV operator ROVOP has won several contracts across the offshore wind and oil and gas sectors with a combined value of USD 4 million (EUR 3.6 million). The contracts are with new clients and include construction support, cable lay and protection, survey, and inspection repair and main
James Fisher and Sons plc has announced the acquisition of the entire share capital of Hughes Marine Engineering Limited, the holding company of Hughes Sub Surface Engineering Limited (HSSE). Hughes Sub Surface provides commercial diving and civil engineering services to underwater projects in the m
German utility RWE Group produced 107.1 billion kilowatt hours (kWh) of electricity in the first six months of the current fiscal year, 5% more compared to the same period a year earlier, partly due to more electricity produced from renewables, with new wind farms playing a key role. Overall, RWE’s
Using Motion Compensate Pile Gripper during installation of super-sized monopiles in deeper waters can lead to cost reductions of up to 40%, according to the tool’s developers – Temporary Works Design (TWD) and Barge Master. Nowadays, most monopiles are installed using purpose built jack-up vessels,
Amrumbank West and Humber Gateway offshore wind farms left a positive mark on financial results of E.ON’s renewables business in the first half of 2016 and the company expects this trend to continue. E.ON’s renewables business saw an adjusted EBIT increase of EUR 53 million in the first six months o
Dutch Sif Holding N.V. has been awarded a contract for the production of all tubular components for the jacket of the BorWin gamma platform. The contract includes the production of legs, bracings, pile sleeves and pin piles for the jacket. The project is being undertaken by Petrofac in consortium wi
The deal on Sumitomo Corporation’s indirect acquisition of 12.5% share of the 336MW Galloper offshore wind farm is closing this month, according to SgurrEnergy, who provided independent technical advisory services to Sumitomo Corporation. The services provided by SgurrEnergy included an assessment o
