Some USD 7.8 trillion will be invested in renewable energy over the next 25 years, with wind power, both onshore and offshore, attracting USD 3.1 trillion, according to Bloomberg New Energy Finance’s (BNEF) New Energy Outlook 2016. USD 3.4 trillion is forecasted to be pored into utility-scale, rooft
DONG Energy’s admittance to trading and official listing of its shares on Nasdaq Copenhagen has today become unconditional after the selling shareholders and underwriters invoked no termination or withdrawal rights pertaining to the Initial Public Offering launched on 9 June. Accordingly, the IPO ha
This year’s WindEurope Summit held in Hamburg from 27 to 29 September will be opened by high-level politicians and business leaders who will discuss the opportunities and obstacles the wind energy industry will face in times of changing policy frameworks. At a time of changing policy frameworks, the
TenneT Presents ‘Hub and Spoke’ Offshore Wind Concept (VIDEO) TenneT has presented a ‘hub and spoke’ concept to set up a large European offshore electricity system that incorporates building of an island in the middle of the North Sea. Van Oord, Highland Group Team Up for Deutsche Bucht OWF Van Oord
DONG Energy has awarded Dragados Offshore, a Spanish engineering, procurement, and construction (EPC) contractor and a part of the ACS Group, with a contract to deliver four substation jackets for the 1.2GW Hornsea Project One offshore wind farm in the UK. The scope of work awarded to Dragados Offsh
Swedish state-owned power company Vattenfall is hesitant to start any wind projects offshore Sweden due to the country’s incentive scheme being technology-neutral, Peter Tornberg, Vice President of Business Area Wind at Vattenfall, said. During the coming years, Vattenfall plans to invest around SEK
Danish transmission systems operator Energinet.dk has invited tenders for a marine warranty surveyor for its Kriegers Flak AC and Combined Grid Solution (CGS) projects. Energinet.dk wants to purchase marine warranty services to ensure that marine operations carried out by sub-contractors are perform
Fred. Olsen Windcarrier has won a contract to supply an installation vessel for loading, carriage and installation of wind turbines at the 450MW Borkum Riffgrund 2 offshore wind farm in the German part of the North Sea. The scope of the contract includes project management, engineering, provision of
Following earlier contracts in the UK wind sector, the Bremen-headquartered RTS Wind AG has decided to establish a British division to serve the potential in the growing UK on- and offshore sectors. With a shortfall of qualified staff throughout the industry expected in the UK, Ivo Lippe, CEO of the
Cable protection systems (CPS) supplier Tekmar Energy has successfully carried out a full-scale demonstration of its products at The Underwater Centre, the subsea training and trials facility based in Fort William, Scotland. The objective of the demonstration was to prove the ability to remove a CPS
US Democratic senators Edward J. Markey, representing Massachusetts, and Sheldon Whitehouse, Rhode Island, have introduced The Offshore Wind Incentives for New Development (WIND) Act which would extend the 30 percent Investment Tax Credit for offshore wind through 2025. Last year’s omnibus bill exte
DONG Energy has announced the results of its Initial Public Offering (IPO) through which 17.4% of the company’s shares have been allocated to more than 36,000 new investors at the final offer price of DKK 235 (EUR 31.6), leading to a market capitalisation of the company of DKK 98.2 billion (EUR 13.2
E.ON’s shareholders have approved the spinoff of a 53.35-percent majority stake in Uniper, with the decision supported by 99.68 percent of the share capital represented at the E.ON Annual Shareholders Meeting. The vote paves the way for the full implementation of the company’s new strategy, E.ON sai
Germany’s Federal Cabinet has completed the amended 2016 Renewable Energy Sources Act (EEG 2016) which will now be sent to the Parliament (Bundestag and Bundesrat). The amended EEG 2016 includes a draft bill for the development and promotion of offshore wind energy –WindSeeG, which proposes two offs
