Business & Finance
Top News of the Week Feb 22 – 28, 2016
Siemens to Deliver EnBW Hohe See Turbines & Foundations EnBW has signed a contract with Siemens AG for the supply and installation of 71 wind turbines and foundations for the EnBW Hohe See offshore wind farm. Man Injured at Gunfleet Sands Offshore Wind Farm One of the workers on board the Wind Pione
Fugro Hit by O&G Downturn, Sees More Opportunities in Offshore Wind
Fugro posted a revenue of EUR 2.36 billion in 2015, down from EUR 2.57 billion in the previous year, due to the high volatility of the oil and gas market, on which 74% of the company’s business is focused. Nevertheless, Fugro managed to decrease its net loss to EUR 372.5 million, compared to EUR 458
Hull’s Booming Renewables Industry Attracts New Players
Hull-based marine consultants McAusland & Turner has formed a new venture, MCT Offshore, in response to the recent local investments by major global players in the renewables industry and the recent downturn in oil prices. The new venture will focus on both the offshore and renewables sectors provid
Grimsby Hosts Renewable Energy Skills Fair
Grimsby Institute yesterday played host to the iMPact Renewable Energy Skills Fair which saw major renewable energy employers and education and training specialists provide tips, advice and information to anyone interested in working in the renewable energy and supply chain industries. Melanie Onn,
US and Mexico Bolster Cooperation on Renewable Energy Development
The United States and Mexico have signed several agreements to strengthen ongoing cooperative activities on energy development, conservation and preparation for the impacts of climate change on the two countries’ shared natural resources. The agreements were signed on 25 February during the third ro
Northland Expects Gemini & Nordsee One to Generate EBITDA of up to EUR 370M in 2018
Canadian company Northland Power said that, excluding investment income from the subordinated debt, its management expects Gemini and Nordsee One offshore wind farms to generate an adjusted EBITDA of EUR 170-190 million and EUR 160-180 million, respectively, once the two wind farms are fully operati
Deutsche Windtechnik Buys Ballast Nedam’s Offshore Wind O&M Contracts
Ballast Nedam has sold its current portfolio of 4 offshore wind inspection and maintenance contracts to Deutsche Windtechnik BV, the Dutch subsidiary of Deutsche Windtechnik. The sale involves 5-year inspection and maintenance contracts for offshore wind farms Eneco Luchterduinen, Prinses Amaliawind
Statkraft Appoints New Power Plant Manager for Sheringham Shoal
Statkraft has appointed Adam Blake as Power Plant Manager for the Sheringham Shoal Offshore Wind Farm. Blake joined the Sheringham Shoal project in June 2011 as HSE Manager. More recently, he has been the wind farm’s O&M Manager. Blake succeeds Jason Halsey, who moves within the organisation to a ro
Maryland Invites Applications for Offshore Wind Projects
With the receipt of the initial application for a proposed offshore wind project, the Maryland Public Service Commission has now opened a 180-day application period for any other developers of offshore wind projects off the Maryland coast. This application period begins on 25 February, 2016 and, unl
Repsol Sells Its UK Offshore Wind Assets for EUR 238 Million
Repsol will sell its offshore wind power business in the United Kingdom to China’s SDIC Power for EUR 238 million, the company reported this morning. The sale includes the Inch Cape project (100%) and Repsol’s share in the Beatrice project (25%), both of which are located on the east coast of Scotla
BOEM Releases Final SAP Guidelines
The US Bureau of Ocean Energy Management’s (BOEM) Office of Renewable Energy Programs has finalized and released its Guidelines for Information Requirements for a Renewable Energy Site Assessment Plan (SAP). As required by 30 CFR 585- Renewable Energy and Alternate Uses of Existing Facilities on the
Siemens and GeoSea Ink EPCI Foundation Contract for Hohe See OWF
DEME Group’s offshore marine engineering division GeoSea and Siemens have concluded an EPCI foundation contract for the 497MW Hohe See offshore wind farm, currently the biggest planned offshore wind project in Germany. GeoSea’s EPCI contract includes the design, engineering, procurement, fabrication
DONG Seeking Local Content for Walney Extension OWF
DONG Energy held a special supply chain event held in Barrow-in-Furness today to help local businesses get involved in the delivery of the 660MW Walney Extension offshore wind farm, to be built off the Cumbrian Coast. DONG Energy’s Walney Extension project team and key suppliers to the project prese
Iberdrola In Clover as Renewables Shine
Spanish energy giant Iberdrola recorded a net profit of EUR 2.42 billion in 2015, 4.1% more than the previous year, attributed largely to the company’s thriving renewables division. The company’s EBITDA rose to EUR 7.3bn, a 4.9% increase on 2014. The Renewables division marked a 18.6% jump in EBITDA