Business & Finance
DONG Building Burbo Bank O&M Base in Merseyside
DONG Energy will build a new operations and maintenance (O&M) facility in Kings Wharf, Seacombe, Merseyside, to serve the existing 90MW Burbo Bank offshore wind farm and the new 258MW Burbo Bank Extension offshore wind farm, currently under construction. The facility will consist of a new office and
Palfinger Reveals Plans to Take Over TTS Group
Austria-based lifting solutions provider Palfinger AG intends to make a takeover bid for all of the shares in Norwegian Bergen-headquartered TTS Group ASA via its subsidiary Palfinger Marine GmbH. For every share traded on the Oslo Stock Exchange, a cash amount of NOK 5.60 would be offered, Palfinge
DONG Sees Overallotment Option Fully Exercised
Morgan Stanley & Co International plc. has, in its capacity as stabilising manager in the initial public offering (IPO) and listing of DONG Energy A/S, exercised the overallotment option on behalf of the managers to purchase all of the additional shares at the offer price of DKK 235 (EUR 31.6) per s
Scotland Allocates GBP 1.5 Million for Offshore Wind Projects
The Scottish Government has awarded GBP 1.5 million (approx. EUR 2 million) of funding to the Carbon Trust to support its Offshore Wind Accelerator (OWA) research and design programme. The Carbon Trust will fund projects in regard to floating offshore wind technology in Scotland, international colla
Siemens-Gamesa Merger Moves Ahead, Areva Waives Adwen Contractual Restrictions
French energy company Areva has agreed to waive existing contractual restrictions in Gamesa’s and Areva’s offshore wind joint venture, Adwen, simplifying the merger between Gamesa and Siemens, the binding agreement for which was signed on Friday, 17 June. As part of these agreements, Gamesa – in ali
European Commission Nods to Boskalis Buying VolkerWessels
The European Commission has approved under the EU Merger Regulation the acquisition of VolkerWessels Offshore by Boskalis. The EC concluded that the proposed acquisition would raise no competition concerns, because it would not significantly change the market structure. The operation was examined un
Atkins Reports Strong Year for Power Division, Offshore Wind in Focus
In its financial results for the year ended on 31 March 2016, Atkins reported that its renewables business has further strengthened its position in the UK offshore wind market, thus contributing to a strong performance within its power division. Overall, Atkins recorded a revenue increase of 6% to G
Bard Offshore 1 Clocks Up 3 TWh of Generated Power
Bard Offshore 1 marked another first for German offshore wind farms after recently generating 3 TWh of electricity since first starting to produce power in 2013. The wind farm has generated 1 TWh of electricity since November 2015, when Ocean Breeze Energy announced the wind farm reaching the 2 TWh
Liberty House Buys Steel Plants to Produce Wind Turbine Parts
Liberty House Group has bought Mabey Bridge Renewables, which shut down its business in 2015, and will use its equipment in a new British manufacturing centre to supply the country’s offshore wind market and tidal lagoon power industry. The new manufacturing centre, which will supply tubular steel s
GE Enters Into Talks to Buy Adwen
General Electric (GE) has entered into talks with Areva, Gamesa, Siemens and the French state to discuss the potential acquisition of Adwen, a 50 – 50 offshore wind joint venture between Areva and Gamesa, Jeff Immelt, GE’s CEO, told French daily Le Figaro. GE took over Alstom’s power and grid busine
BiFab Takes GBP 100 Million Slice of Beatrice Pie
Fife-based Burntisland Fabrications Ltd (BiFab) has won a GBP 100 million contract to supply 26 wind turbine jacket substructures for the 588MW Beatrice offshore wind farm. The fabrication contract, awarded to BiFab by the EPCI Contractor Seaway Heavy Lifting, is due for delivery in two campaigns. 1
VBMS Wins Horns Rev 3 Inter-Array Cable Installation Contract
VBMS has been awarded a contract by Vattenfall Vindkraft A/S for the installation of 33kV inter-array cables for the 400MW Horns Rev 3 offshore wind farm. The wind farm is located in the eastern North Sea off the coast of Esbjerg, Denmark. The works for VBMS are scheduled to be executed mid-2018 and
Siemens Books Nigg Energy Park for Beatrice Project
Global Energy Group and Siemens have signed a contract for the use of Nigg Energy Park fabrication yard on the Cromarty Firth during the construction of the 588MW Beatrice offshore wind farm. This multi million pound contract award is scheduled to commence in the spring of 2018 with every likelihood
Humber Gateway Tops Expectations
The 219MW Humber Gateway offshore wind farm generated 854,400 MWh of electricity in its first full year of generation, E.ON reports. The wind farm’s 73 turbines moved into full operation in May 2015, and the site was officially opened by Energy Minster Andrea Leadsom MP in September. The figures are