Business & Finance
JECS’ Business Mushrooms with Offshore Wind
JECS Offshore is negotiating contracts for several offshore wind farms as well as framework agreements with two major developers covering multiple services to projects over a 3-year period, the company reported along the news that its turnover has increased by 80% over the past 12 months thanks to E
EDF Enters Chinese Wind Energy Market
EDF Energies Nouvelles, EDF Group’s subsidiary dedicated to renewable energy, has acquired a majority stake in UPC Asia Wind Management (AWM), which develops and builds wind energy projects in China. Following this acquisition, EDF Energies Nouvelles owns an 80% stake in the UPC AWM, based in Hong K
Offshore Wind Brings Together Beothuk and Iron & Earth
Beothuk Energy and Iron & Earth have signed a Memorandum of Understanding (MoU) to further facilitate the apprenticeships and retraining necessary for oil and gas workers to move into the offshore wind sector. Beothuk Energy is proposing six offshore wind farms in Atlantic Canada with a combined cap
FORESEA Project Set Up for Offshore Renewables Tech Testing
A new EUR 11 million project, funded by the Interreg NWE (North-West Europe) programme, part of the ERDF (European Regional Development Fund), has brought together Europe’s ocean energy test facilities to support demonstration of offshore wind, tidal, and wave energy technologies in real-sea conditi
Technavio: Offshore Wind Growth Driving Subsea Cable Market
Technavio has issued a report on the most important trends expected to impact the global submarine power cable market outlook from 2016-2020. According to Anju Ajaykumar, a lead analyst at Technavio for research on engineering tools: “The offshore wind power generation sector is the major end-user o
Offshore Wind Giants to Invest EUR 7.5 Million in OWA’s Cost-Cutting R&D
DONG Energy, RWE, E.ON, Iberdrola, Vattenfall, Statoil, SSE, EnBW and Statkraft have joined Carbon Trust’s Offshore Wind Accelerator (OWA) programme, bringing in GBP 6.4 million (approx. EUR 7.5 million) to help reduce the cost of offshore wind power below GBP 100/MWh by 2020. The fund of EUR 7.5 mi
Boskalis to Reduce Fleet by 24, Workforce by 650
Royal Boskalis Westminster has decided to take 24 vessels out of service in the coming two years, which will result in the loss of approximately 650 jobs worldwide during this period. The company based the decision on the results of its fleet rationalization study that was initiated in light of dete
Senvion Joining GE in Race to Buy Adwen?
The Hamburg-based wind turbine maker Senvion is reportedly getting ready to throw in its bid for Adwen, a 50-50 offshore wind joint venture between Gamesa and Areva, Reuters cited people familiar with the matter as saying. Senvion would thus compete against General Electric (GE), who reportedly ente
UK Funding Innovative Offshore Wind Cost Reduction Projects
A new funding of GBP 57.5 million was announced for the UK’s energy and infrastructure, biomedical and quantum technology sectors, with GBP 28 million set aside for innovation in infrastructure systems and first of a kind deployment of innovation, both including offshore wind projects. A series of c
Rotech’s Management Completes Company Buy-Out
Rotech’s senior management has successfully completed a management buy-out (MBO) of the Rotech group of companies in a move that is expected to strengthen the company’s position in the subsea mass-flow excavation market. Following the MBO, the group’s three operating companies – Rotech Subsea, Rotec
Hitachi Zosen and Ideol to Start Building Japanese Floaters
Japan’s Hitachi Zosen and France’s Ideol signed a contract to launch the construction phase of their 2-turbine offshore wind project in Japan on 13 June, 2016. Prior to this contract, the two companies signed an engineering agreement on 3 June 2015 for the design of both a concrete and a steel versi
NREL: Oregon Could See Billions from Floating Wind Farms
The US state of Oregon’s gross domestic product (GDP) could increase by USD 9.9 billion through a cumulative installation of 5,500 megawatts (MW) of floating wind capacity between 2020 and 2050, according to a report by National Renewable Energy Laboratory (NREL). The Bureau of Ocean Energy Manageme
TenneT Announces Multi-Billion Investment in Dutch Grid
TenneT will invest a total of EUR 6 billion in Dutch high-voltage grid in the next decade. Driven by significant growth in renewable energy capacity in the Netherlands and surrounding countries, the transmission system operator will commit some EUR 2 billion for the expansion and replacement of Dutc
Vattenfall and CS Wind UK to Sign Co-Operation Agreement
Swedish energy company Vattenfall and Scotland-based wind turbine tower manufacturer CS Wind UK will today sign a co-operation agreement on the potential supply of components for Vattenfall’s onshore and offshore wind projects in the UK. The signing of the Memorandum of Understanding (MOU), which wi