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Business & Finance

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Babcock to Build World First Offshore Reactive Compensation Station at Hornsea One
Business & Finance

Babcock to Build World First Offshore Reactive Compensation Station at Hornsea One

DONG Energy has awarded a multi-million pound contract to the UK-based engineering support services company Babcock for the construction of the world’s first offshore reactive compensation station for the 1.2GW Hornsea Project One offshore wind farm. The reactive compensation station, which will be

about 10 years ago
DNV GL and Cosco Team Up to Install BorWin Gamma
Business & Finance

DNV GL and Cosco Team Up to Install BorWin Gamma

DNV GL has been awarded a contract by Cosco Shipping Company Limited of China for the installation engineering services for the BorWin gamma high voltage direct current (HVDC) converter platform. The Dutch-German transmission system operator TenneT is developing the offshore AC/DC converter platform

about 10 years ago
Navacel Building Hywind Turbine Towers
Business & Finance

Navacel Building Hywind Turbine Towers

Statoil has awarded the Bilbao-based Navacel with a contract for the supply of five towers which will support the turbines at the world’s first floating wind farm, the 30MW Hywind Scotland Pilot Park. The turbine towers to be supplied by Navacel will have a height of 83 metres with a diameter of 7.5

about 10 years ago
New York Senators Ask For Offshore Wind Tier in New Clean Energy Standard
Business & Finance

New York Senators Ask For Offshore Wind Tier in New Clean Energy Standard

New York State senators Liz Krueger and Brad Hoylman released a letter signed by 20 state senators to Governor Andrew Cuomo and Audrey Zibelman, Chair of the New York State Public Service Commission, calling for the inclusion of an offshore wind tier in the forthcoming Clean Energy Standard. The Pub

about 10 years ago
Beatrice Offshore Wind Farm to Reach Financial Close by End of May
Business & Finance

Beatrice Offshore Wind Farm to Reach Financial Close by End of May

Scottish energy company SSE plc expects to reach the financial close for the 588MW Beatrice offshore wind farm by the end of May. Beatrice, planned for the outer Moray Firth, will be project financed with non-recourse debt, SSE said. Subject to financial close, onshore construction activities will b

about 10 years ago
Shell Setting Up ‘New Energies’ Unit. Oil & Gas Companies to Cause Clash of Giants in Offshore Wind?
Business & Finance

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 Guardian. Even though Shell has not yet officially confirmed this, it is expected that the new unit will

about 10 years ago
GIB Looking for Special Shareholder Trustees
Business & Finance

GIB Looking for Special Shareholder Trustees

An independent nominations committee has been formed and has commenced the search for permanent independent trustees to run the Green Purposes Company Ltd (GPC), a newly incorporated organisation tasked with keeping the UK Green Investment Bank plc (GIB) green. The UK Business Secretary launched the

about 10 years ago
Japan Changes Port and Harbour Law to Promote Offshore Wind
Business & Finance

Japan Changes Port and Harbour Law to Promote Offshore Wind

Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MILT) has amended the country’s existing Port and Harbour Law to promote development of offshore wind projects, the Japan Wind Power Association (JWPA) reports. The amendments allow developers to lease designated water zones in port ar

about 10 years ago
Baltimore County Seeks Federal Grant for Wind Start Project
Business & Finance

Baltimore County Seeks Federal Grant for Wind Start Project

Baltimore County, located in the northern part of the U.S. state of Maryland, has applied for a USD 26 million federal grant to support infrastructure upgrades at the former Sparrows Point shipyard to accommodate assembly, fabrication and shipping for the offshore wind industry. The grant applicatio

about 10 years ago
Adwen Targeting Asia with Monsoon-Ready Turbine
Business & Finance

Adwen Targeting Asia with Monsoon-Ready Turbine

Adwen has obtained the type certificate of its AD 5-132 offshore wind turbine awarded by the independent certification body DNV GL. The AD 5-132 has been designed and certified as special class, covering the most demanding offshore sites worldwide. This wind turbine is tailored for subtropical monso

about 10 years ago
AWEA Welcomes Danish-US Offshore Wind MOU
Business & Finance

AWEA Welcomes Danish-US Offshore Wind MOU

The American Wind Energy Association (AWEA) has hailed progress by American agencies in working with their Scandinavian counterparts to expedite the development of offshore wind in this country. The leaders of the United States, Denmark, Finland, Iceland, Norway, and Sweden released a joint statemen

about 10 years ago
The Crown Estate Okays Hywind Scotland Seabed Lease
Business & Finance

The Crown Estate Okays Hywind Scotland Seabed Lease

The Crown Estate has granted a lease to Statoil that will enable the start of construction of the 30MW Hywind Scotland floating wind farm located at Buchan Deep, some 25 kilometres from Peterhead. The project – set to be the world’s largest floating wind farm – consists of five 6MW turbines which wi

about 10 years ago
UK Wind Notches First Monthly Output Win over Coal
Business & Finance

UK Wind Notches First Monthly Output Win over Coal

The National Grid statistics have shown that wind generated more electricity in the UK than coal over the course of an entire month for the first time this April, RenewableUK reports. In April 2016, wind generated 2,290 gigawatt hours (GWh) in the UK, while coal generated 1,755GWh, according to the

about 10 years ago
France to Announce Floating Wind Tender Winners in July
Business & Finance

France to Announce Floating Wind Tender Winners in July

France will announce the results of the call for expressions of interest to develop floating offshore wind projects in July 2016, Ségolène Royal, the French Minister for Ecology, Sustainable Development and Energy, said. The quality and the number of applications received under the tender reflect th

about 10 years ago
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