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Business & Finance

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Mainstream Urges Scottish Ministers to Back Neart na Gaoithe
Business & Finance

Mainstream Urges Scottish Ministers to Back Neart na Gaoithe

Mainstream Renewable Power has urged Scottish ministers to appeal the recent judicial review of Scottish Court of Session which has ruled in favour of the Royal Society for the Protection of Birds (RSPB) and has put a stop to four offshore wind projects off the Fife coast, including Mainstream’s 450

about 10 years ago
Japanese Consortium to Carry Out Akita OWF Feasibility Study
Business & Finance

Japanese Consortium to Carry Out Akita OWF Feasibility Study

A Japanese consortium led by Marubeni Corporation has entered into an agreement to carry out a feasibility study for the 145MW Akita offshore wind farm project off Akita Prefecture. The public offering of the project at Akita Port and Noshiro Port was made by Akita Prefecture for the purpose of expa

about 10 years ago
UK Attracts Majority of Offshore Wind Investments in 2016
Business & Finance

UK Attracts Majority of Offshore Wind Investments in 2016

UK offshore wind projects attracted around three quarters of all investments in Europe’s offshore wind capacity in the first six months of 2016, data released by WindEurope shows. UK-based projects which reached Final Investment Decision (FID) in the first half of 2016 carry a price tag of EUR 10.37

about 10 years ago
European Offshore Wind Sees Record Investments in 2016
Business & Finance

European Offshore Wind Sees Record Investments in 2016

The European offshore wind industry attracted a record EUR 14 billion in new investments during the first six months of 2016, WindEurope reports. Seven projects reached final investment decision this year, financing a total of 3.7GW of new capacity, with the UK accounting for nearly three-quarters o

about 10 years ago
Maersk Training to Offer GWO Courses in Aberdeen
Business & Finance

Maersk Training to Offer GWO Courses in Aberdeen

Maersk Training will be expanding its Global Wind Organisation (GWO) training locations and making the courses available at its centre in Aberdeen. GWO training is one of the industry requirements for anyone wishing to work in the growing renewables sector and Maersk Training is now the only provide

about 10 years ago
One-Offs Lower EDP Renewables’ Profit
Business & Finance

One-Offs Lower EDP Renewables’ Profit

EDP Renewables, part of EDP, posted total revenue of EUR 889 million in the first half of 2016, a 15% increase compared to the same period a year earlier, on the back of the increase in installed capacity and a higher load factor, both offsetting a 7% drop in average selling price during the first s

about 10 years ago
ERSG Wins Beatrice Staffing Contract
Business & Finance

ERSG Wins Beatrice Staffing Contract

Scottish & Southern Energy (SSE) has chosen ERSG, a UK-headquartered supplier of contract and permanent placements to the energy sector, to provide contract wind professionals for the 588MW Beatrice offshore wind farm project. Nigel Wilson, Head of Offshore Wind at ERSG, said: “We are delighted to h

about 10 years ago
Stadtwerke München Bullish on Offshore Wind
Business & Finance

Stadtwerke München Bullish on Offshore Wind

German utility Stadtwerke München (SWM) plans further investments in the expanding offshore wind sector to substitute its loss-making gas and power plants, Reuters reports. SWM has already invested around EUR 3 billion in renewables and the company intends to add further investments to the tally, pr

about 10 years ago
SeaRoc Tackles Cable Failure Risks
Business & Finance

SeaRoc Tackles Cable Failure Risks

SeaRoc Group has upgraded its marine management and monitoring system, SeaPlanner, to help offshore wind developers and operators mitigate risks associated with subsea cable failures, recently identified as the main culprit for financial losses and project delays. Subsea cable faults contributed to

about 10 years ago
Oceanteam and KCI Take a Crack at Chinese Offshore Wind Market
Business & Finance

Oceanteam and KCI Take a Crack at Chinese Offshore Wind Market

Oceanteam ASA and KCI the Engineers have signed a long-term representing and consultancy agreement with OFFCO (Offshore Cooperation) for projects relating to offshore wind installations and cable lay operations in China. According to the agreement, Oceanteam Solutions will provide marine equipment a

about 10 years ago
Senvion Turbines to Float off French Mediterranean Coast
Business & Finance

Senvion Turbines to Float off French Mediterranean Coast

Hamburg-based wind turbine manufacturer Senvion is to deliver up to four of its 6.2M152 wind turbines adapted to the floating offshore foundation developed by the EolMed consortium, led by Quadran, after the consortium won an approval to construct a 24MW pilot floating wind project in the French Med

about 10 years ago
Lower Output in UK Hurts Iberdrola
Business & Finance

Lower Output in UK Hurts Iberdrola

Spanish energy company Iberdrola marked a 3 percent dip in gross operating profit (EBIDTA) at its renewable energy division in the first six months of 2016, with lower production in the United Kingdom being identified as the main culprit behind the slide. The company recorded EUR 836.5 million EBIDT

about 10 years ago
France Approves Two Pilot Floaters
Business & Finance

France Approves Two Pilot Floaters

The French Environment and Energy Management Agency (ADEME) has approved two floating wind pilot projects as part of the country’s call for tenders for the development of floating wind launched last year. The two project approved by the ministry are the 24MW project in the Gruissan area, some 15 kil

about 10 years ago
GE Sees More Revenue, Less Profit from Renewables
Business & Finance

GE Sees More Revenue, Less Profit from Renewables

GE Renewable Energy marked an 11 percent decrease in profit for the three months ended June 30, 2016, compared to the same period a year earlier, despite significant improvements in revenue. The profit for the second quarter stood at USD 128 million, as opposed to USD 144 million recorded in the sec

about 10 years ago
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