Business & Finance
NJ Offshore Wind Discussed at Stockton University
Stockton University is today playing host to a forum to discuss how New Jersey can benefit from expanding offshore wind industry on the U.S. East Coast. The Offshore Wind Energy Forum kicks off after the U.S. Bureau of Ocean Energy Management’s (BOEM) federal sale last November of two leases for off
E.ON Cleared to Build Pontoon at Rampion’s Base Port
UK’s Marine Management Organisation (MMO) has granted a licence for E.ON Climate and Renewables UK Rampion Offshore Wind to build a temporary pontoon at Newhaven Port to support the construction of the 400MW Rampion offshore wind farm. As part of the Rampion OWF development, proposed by E.ON Climate
Chinese to Invest EUR 140 Million in 300MW Puti Island Offshore Wind Farm
Three Chinese companies have signed an agreement to invest in a 300MW wind farm off the coast of Chinese province Hebei. China Suntien Green Energy Corporation Limited, HECIC and JEI will invest in Laoting Wind Energy, a wholly-owned subsidiary of China Suntien Green Energy which is developing the P
Doosan Heavy and KEPCO Target OW Projects Outside Korea
Korean wind turbine maker Doosan Heavy Industries & Construction and Korea Electric Power Corp. (KEPCO) have signed a Memorandum of Understanding (MoU) to jointly pursue offshore wind power projects outside Korea. Doosan Heavy and the state-owned KEPCO will work together on developing, constructing,
Top News of the Week Mar 21 – 27, 2016
Shell to Bid at Upcoming Dutch Offshore Wind Tender? Reportedly, the oil and gas giant Shell is delving into the upcoming offshore wind projects in the Netherlands. TenneT Presents Borssele Offshore Platform Design (VIDEO) Along with the news that TenneT had been confirmed as the operator of the Dut
Siemens to Buy Adwen as Part of Gamesa Merger?
Reportedly, Siemens is likely to buy Adwen, a joint venture between Areva and Gamesa, as part of its merger with Gamesa. During these first months of 2016, Siemens and Gamesa have been in final talks over an agreement to merge their wind power businesses and thus make the world’s largest wind turbin
Brexit Not the Best Choice for UK’s Energy Sector, According to Assessment
Vivid Economics published a note on the impact of the UK leaving the EU, the so-called Brexit, on the UK’s energy sector. The note builds on the company’s work for National Grid from November 2015, when it was asked to assess the impact of the Brexit on the UK’s energy sector, finding that the overa
Offshore Renewables Eligible for $1Bn Aussie Clean Energy Fund
The Australian Government is establishing a $1 billion Clean Energy Innovation Fund to support the commercialisation of emerging technologies, such as large-scale solar with storage, offshore energy, biofuels and smart grids. The fund will be jointly managed by the Clean Energy Finance Corporation (
Renewables Work for EnBW
EnBW’s operating result (adjusted EBITDA) for 2015 amounted to around EUR 2.1 billion, 2.7% lower than in the previous year. High impairment losses on power plants and increased provisions for onerous contracts for electricity procurement agreements have impacted the company’s operating result to a
Shell to Bid at Upcoming Dutch Offshore Wind Tender?
Reportedly, the oil and gas giant Shell is delving into the upcoming offshore wind projects in the Netherlands. Shell’s representatives have attended information meetings regarding the Borssele I & II tender, which is scheduled to be open for applications in May. There are strong rumours that Shell
TechNavio: Wind Turbine Components Market to Grow at CAGR of 12% during 2016-2020
The global wind turbine components market is projected to grow at a CAGR of 12% during the period 2016-2020, according to a new report. Companies worldwide are keen on bringing innovative products to the global wind turbine components market, TechNavio said in its “Global Wind Turbine Components Mar
Senvion Relaunches IPO
After shelving its IPO plans last week, Senvion announced today that it has decided to relaunch a private placement and listing of shares on revised terms – the placement price is now in the range of EUR 15.50 and EUR 17.00 per share. Senvion, and its shareholders Centerbridge and Arpwood, are offer
Competitive Tendering Cuts OWF Grid Connection Costs by GBP 700M
Competitive tendering is cutting the costs for connecting offshore wind farms to British high voltage grid by at least £700m, according to new figures published by Ofgem today. Maxine Frerk, acting senior partner, networks, Ofgem, said: “The figures published today show that competition is helping t
Ocean Breeze Sticks With Siem Offshore
Germany’s Ocean Breeze Energy has awarded Siem Offshore Contractors GmbH (SOC), a wholly owned subsidiary of Siem Offshore Inc., with a new contract for the provision of a walk-to-work (W2W) service operations vessel (SOV) for the Bard Offshore 1 wind farm. The contract will involve the deployment o