Business & Finance
Offshore Wind Senvion’s Bright Spot
Hamburg-based wind turbine maker Senvion recorded EUR 29 million revenue generated by its offshore wind segment in the first quarter of 2016, a 3.6% increase compared to EUR 28 million offshore wind-related revenue reported for the same period a year earlier. Net firm orders for the quarter stood at
Glomar Offshore and GEOxyz Form Strategic Partnership
Dutch company Glomar Offshore and Belgian GEOxyz have signed a strategic partnership agreement. The companies stated that the new venture will allow both of them to benefit from each other’s strengths, equipment and client base. “Together we will target the Oil and Gas industry and the Renewable Ene
JDR, Tekmar Join Forces to Deliver Subsea Cable Solutions
JDR and Tekmar Energy have signed an agreement to jointly deliver offshore wind subsea cables and accessories. The companies said they will work together on technology and value engineering projects to support the industry drive for cost, risk and lead time reduction. JDR and Tekmar’s products have
Osbit and Seatools Team Up
Northumberland-based Osbit and Dutch subsea technology company Seatools have entered into a collaborative agreement to develop new offshore systems including active motion compensated Walk to Work gangways. The collaboration has already delivered its first product innovation. Building on Osbit’s est
Sif Re-Launches IPO Plans
Dutch foundation components manufacturer Sif Holding N.V. has revived its plans for the Initial Public Offering (IPO) on Euronext Amsterdam, with up to 35% of the company’s issued ordinary shares held by GKSE Holding B.V. scheduled to start trading on 12 May. Sif and GKSE Holding had initially sched
Offshore Wind Industry Gearing Up for Vessel Directory 2016
The offshore wind industry will soon launch its latest reference guide: the Offshore WIND Vessel Directory 2016. This third edition of the directory, produced in close cooperation with the vessel builders and operators in the industry, offers an updated overview of the available vessels in the marke
A2SEA Orders Made-in-UK Sea Fastenings
Denmark’s A2SEA has contracted two UK shipyards to fabricate and install sea fastenings on two of the company’s turbine installation vessels which are set to start working offshore UK. A&P Tyne will fabricate and install the sea fastening on Sea Challenger, which was contracted to work on the 402MW
South Korea Losing Pace in Offshore Wind Race
Doosan Heavy Industries (DHI) has remained the only South Korean company interested in the state-backed project for the development of up to 2.9 GW of offshore wind capacity in the Yellow Sea region, Business Korea reports. DHI is reportedly planning to develop a 60 MW offshore wind test site, with
Gestamp Cleared to Build Offshore Wind Turbine Tower Factory in Seville
Gestamp Wind Steel and the Port Authority of Seville (APS) have signed a 50-year concession agreement which allows the Madrid-headquartered company to build a EUR 54 million factory for offshore wind turbine towers within the port. The factory will cover an area of around 160,000 square metres, APS
Gardline and Neptune Form Vessel-ROV Alliance
Gardline Geosurvey Ltd and Neptune have entered into a strategic partnership which will see Gardline’s DP2 multi-role survey vessel, the MV Kommandor, enhanced with the permanent installation of Neptune’s Explorer 06 100HP Remotely Operated Vehicle (ROV). Manned by staff from both companies, the ves
Report: China’s Installed Wind Capacity to Reach 495 GW by 2030
Wind power installed capacity in China will more than treble from approximately 149 Gigawatts (GW) in 2015 to over 495 GW by 2030, representing a Compound Annual Growth Rate (CAGR) of 9%, according to research and consulting firm GlobalData. The company’s latest report, Wind Power in China, Market O
Pinsent Masons to Help DONG Get Hornsea Project Three Development Consent
International law firm Pinsent Masons has been appointed to advise DONG Energy on the Hornsea Project Three offshore wind farm. The Pinsent Masons’ multidisciplinary team, led by energy and planning partner, Gareth Phillips, has been instructed to assist DONG Energy in securing development consent,
Fred. Olsen Windcarrier Gets One Owner
Norway’s Bonheur ASA and Ganger Rolf ASA completed their merger today, 5 May, with Bonheur ASA as the surviving entity. The completed merger implies that all assets, rights and obligations of Ganger Rolf ASA are transferred into Bonheur ASA. As a corollary, Ganger Rolf ASA is liquidated and deleted
DONG Sets Up GBP 15 Million Walney Extension Community Fund
DONG Energy has launched a GBP 15 million Walney Extension Community Benefit Fund to support community and environmental projects in coastal areas of Lancashire and Cumbria. The fund is part of the community engagement programme for DONG Energy’s Walney Extension offshore wind farm, being built 9 ki