Business & Finance
New Coalition to Strengthen Rotterdam’s Offshore Wind Industry
CEOs of fifteen companies working in the offshore wind sector have formed a coalition under the name “Rotterdam Offshore Wind Delta”. Van Oord, Boskalis, Mammoth, SIF Group, Ampelmann, Falck, STC Group, Keppel Verolme, Eneco, Marsh, Rabobank, Jules Dock, Port of Rotterdam, City of Rotterdam and Rott
GCube: Most Financial Losses Are Down to the Subsea Wire
Incidents relating to the installation and operation of high voltage subsea cables are the most costly cause of financial losses in the global offshore wind industry and led to insurance claims totalling more than EUR 60 million in 2015, according to a report by GCube Underwriting Ltd. As the Europe
Seawork International Kicks Off in Southampton
Seawork International, a three-day commercial marine and workboat exhibition, opened its doors for the nineteenth successive time in Southampton on Tuesday, 14 June. The exhibition has been moved to its new permanent home at Mayflower Park, which was unveiled today. The new location has enabled Seaw
China Three Gorges to Buy Majority Share in Meerwind Süd|Ost OWF
Blackstone Group has entered into a definitive agreement to sell its majority interest in WindMW GmbH, an offshore wind power joint-venture and owner and operator of the 288MW Meerwind Süd|Ost offshore wind farm, to China Three Gorges Corporation. Terms of the transaction were not disclosed, however
Moody’s: Paris Climate Agreement to Boost Wind Turbine Sales
Wind turbine makers are set to benefit from the Paris Climate Agreement (COP21) as the call for increased investments to meet a targeted reduction in CO2 emissions is expected to positively impact their sales figures, according to Moody’s Investors Service. The increased investment, particularly in
BNEF: USD 3.1 Trillion to Be Invested in Wind Power by 2040
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 Wraps Up IPO
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
WindEurope Summit 2016 Starting Lineup Revealed
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
Top News of the Week, 6 – 12 June 2016
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
Dragados Offshore Cracks Offshore Wind Market with Hornsea Project 1 Jackets
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
Vattenfall: Sweden Must Up Its Offshore Wind Incentive Game
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
Energinet.dk Seeks Marine Warranty Surveyor for Kriegers Flak Projects
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 Nets Borkum Riffgrund 2 Turbine Installation Deal
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
RTS Wind Sets Up UK Division in Colchester
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