Business & Finance
Offshore Wind Declaration: EUR 80/MWh or Less Possible by 2025 with Right Policies and Cooperation
Eleven major energy companies have signed a declaration stating that offshore wind can be fully competitive with coal and gas by 2025, achieving a cost of EUR 80/MWh and below, but only if the industry achieves long-term stability through right policies and closer international cooperation. Currentl
SeaEnergy Goes Into Administration, Sells R2S Business to James Fisher
Aberdeen-based SeaEnergy has gone into administration and sold its Return to Scene (R2S) business to James Fisher & Sons plc for GBP 1.9 million. KPMG’s Geoff Jacobs, Blair Nimmo and Tony Friar were appointed as joint administrators of the offshore energy services provider on June 2. SeaEnergy is th
Environmentalists Urge NY Governor Cuomo to Seize Offshore Wind Momentum
US Environmental organisations have called on the New York Governor Andrew Cuomo to seize the opportunity presented by the recently announced commercial wind lease sale and commit to a long term, large scale offshore wind program for New York this year. Alliance for Clean Energy New York, Citizens C
Hollandia Offshore Pens Kriegers Flak Substations Fabrication Contract
Hollandia Offshore B.V. and the Danish transmission system operator, Energinet.dk, signed a contract for the engineering, procurement and commissioning of the Kriegers Flak substations on 31 May. The project comprises two unmanned substations which are due for delivery to the installation site in Ap
Siemens Leaves Heavy Lifting to ALE
Siemens has awarded a four-year crane framework agreement to UK heavy-lift specialist ALE for the supply and deployment of cranes, specialised transport equipment and personnel. The contract is for the period 2016-19, and has a value in excess of GBP 43 million (EUR 55m). It covers Siemens’ harbour-
New York State to Bid for Offshore Wind Lease
The New York State Energy Research and Development Authority (NYSERDA) will participate in the U.S. Department of Interior’s Bureau of Ocean Energy Management’s (BOEM) auction for a commercial offshore wind energy lease off the coast of Long Island. Offshore wind is a critical component in meeting G
New York Offshore Wind Acreage Up For Grabs
U.S. Secretary of the Interior Sally Jewell has announced the proposed lease sale of 81,130 acres offshore New York for commercial wind energy leasing. The proposed lease area, approximately 11 miles south of Long Island, is identical to the New York Wind Energy Area, which Interior’s Bureau of Ocea
Offshore WIND Magazine July Edition to Spotlight Germany
Another edition of Offshore WIND magazine will be hitting stands come 15 July. The third edition of Offshore WIND in 2016 will have a strong German focus and will be widely distributed during WindEnergy Hamburg. Alongside the main interview with Matthias Brandt, CEO of Deutsche Technik, an update on
Highlights of the Month: May 2016
Shell Setting Up ‘New Energies’ Unit. Oil & Gas Companies to Cause Clash of Giants in Offshore Wind? Shell has created a new division called New Energies, through which the oil and gas giant will invest in wind energy, along with its hydrogen, biofuels and electrical activities, according to The Gua
MHI Vestas and Vattenfall Make Horns Rev 3 Order Official
MHI Vestas Offshore Wind and Vattenfall have signed a contract for the supply V164-8.0 MW turbines to Denmark’s 400 MW Horns Rev 3 project, which is set to produce the world’s cheapest offshore wind power, the turbine maker said. The contract was signed following Vattenfall’s announcement of the fin
Bibby Offshore Moves Into Cable Installation Market, Teams Up with ESS
Bibby Offshore has purchased a power cable lay carousel from Ecosse Subsea Systems (ESS), which will enable Bibby Offshore to lay offshore wind power cables from its vessels. The two companies have also reported that they entered into strategic alliance, joining Bibby Offshore’s subsea project manag
Vattenfall Ready to Build Danish Record-Breaker
Swedish state-owned energy company Vattenfall is about to start the construction of the 400MW Horns Rev 3 offshore wind farm off the west coast of Denmark, which once commissioned in 2018 will be the largest offshore wind farm in Danish waters. The total investment into the project will be just over
Evolution of Nantes – Saint-Nazaire Port into Offshore Wind Hub (Video)
Representatives from the Nantes – Saint-Nazaire Port have used the International Week of Transport and Logistics to provide an update on the expansion project which is expected to turn the port into a link between factories in the region and future offshore wind farms. At this event, Jean-Pierre Cha
Sif Sees IPO Over-Allotment Option Partially Exercised
Sif Holding N.V. has announced that ABN AMRO and HSBC, acting as joint global coordinators, have partially exercised an over-allotment option included in the company’s initial public offering (IPO) on Euronext Amsterdam, which increased a free float to around 33% of the company’s shares. ABN AMRO an