DONG Energy is setting up an office in Taiwan to explore offshore wind opportunities in the Asia-Pacific region. The company is turning its attention to Asia-Pacific as the area has large potential for the development of offshore wind, Martin Neubert, the Chief Strategy Officer at DONG Energy Wind P
Mitsubishi Heavy Industries (MHI) and Vestas will both continue to have 50 per cent stake in their joint venture dedicated to the development and supply of offshore wind turbines. Namely, when the companies teamed up to serve the offshore wind industry in 2013, they agreed on equity ownership ratios
Renewables brought EUR 441.6 million net operating profit (EBITDA) to the Spanish utility Iberdrola in the first quarter of 2016, a 3.1% jump compared to the same period a year earlier, as the company’s renewables business reached 14,812 MW of installed capacity by the end of the first quarter. Over
K2 Management is currently carrying out comprehensive due diligence of the 500MW EnBW Hohe See offshore wind farm as part of its first full lenders’ technical advisor role for the project. Having completed the initial “bankability” review, K2 Management is now focusing in detail on the key technical
Low Carbon Contracts Company (LCCC), a UK government-owned company created to deliver key elements of the Electricity Market Reform Programme, confirmed that Contract for Difference (CfD) milestones for East Anglia ONE have been fulfilled. With the CfD milestones achieved and confirmed by the Low Ca
JR Rix & Sons Ltd and Boston Energy have formed a joint venture, BostonRix Wind Ltd, to offer a set of integrated services to offshore wind developers and OEMs. JR Rix & Sons Ltd is the parent company of the Humber-based wind farm support vessel owner and operator Rix Sea Shuttle, and the East Yorks
France has doubled the target for offshore wind capacity planned post-2023, according to the revised objectives for the development of renewable energy recently announced by the country’s Ministry of the Environment, Energy and the Sea. In its new energy investment plan, France initially called for
ScottishPower Renewables (SPR) has concluded a major East Anglia ONE deal with Siemens, worth up to one-third of the overall £ 2.5 billion (€ 3.2 billion) project investment. Under the agreement, Siemens will supply 102 wind turbines and service them for an initial period of five years. The turbine
Aibel has awarded a contract to the Manchester-based Granada Material Handling Ltd to design, manufacture, deliver and commission 10 davit crane units for the 30MW Hywind Scotland Pilot Park, the world’s first floating wind farm situated off Peterhead, Aberdeenshire. Two Granada Python crane units,
Xodus Group has been awarded a framework agreement with energy company SSE to provide employers representative services for the development and ongoing improvements of its electrical networks. The contract is for three years with potential extension for a further two years and is estimated to be wor
N-Sea has been awarded a pre-construction unexploded ordnance (UXO) contract with Galloper Offshore Wind Farm Ltd (GWFL). The clearance works commenced in April 2016 and include UXO risk management, target investigations and clearance on the Galloper wind farm, off the coast of Suffolk. Expected to
Renewable energy turned out to be the bright spot of Aqualis’ first quarter results, as the challenging market conditions in the oil and gas sector affected the company’s business. Aqualis ASA, which operates three specialised subsidiaries – Aqualis Offshore, Offshore Wind Consultants and ADLER Sola
France’s Loire-Atlantique prefecture has granted approval for the construction of the 480MW Saint-Nazaire offshore wind farm. The approval allows for the official start of the construction phase, and establishes the conditions for the installation and operation of the offshore wind farm which is bei
DONG Energy has ended the first quarter of 2016 with DKK 5.2 billion (EUR 699 million) net profit, a 49% increase compared to DKK 3.5bn net profit recorded in the first quarter of 2015, mainly attributed to a strong performance in the Danish energy company’s Wind Power sector. Earnings before intere
