Westermost Rough Ltd, a wholly owned subsidiary of DONG Energy, the UK Green Investment Bank and Marubeni Corporation, has signed an agreement for the sale of its transmission assets to TC Westermost Rough OFTO Limited. The transmission assets, valued at GBP 157 million, include the onshore substati
E.ON has officially put into operation the recently upgraded 302 MW Amrumbank West offshore wind farm during a symbolic ceremony held in Hamburg today. Referring to Amrumbank West as “technology at its best,” E.ON’s CEO Johannes Teyssen called for the continued expansion of offshore wind. “Every ene
Spanish chains and mooring systems supplier Vicinay Marine has signed a contract with Statoil to design, manufacture and deliver mooring components for the 30 MW Hywind pilot park, the world’s first floating offshore wind park, located 30 kilometers off the coast of Aberdeenshire, Scotland. Vicinay
The global wind tower market was valued at more than $26 billion (approx. €23.3 billion) in 2015, and it is expected to grow at a CAGR of 7.4% during 2016-2022, according to a report issued by P&S Market Research. The factors driving the growth of the global market include the increased government s
In its Q4 2015 results, Statkraft said it will focus on managing positions in offshore wind to maximise the value of existing assets and projects, as there will be no new investments in offshore wind. Statkraft’s investment capacity has been reduced as a result of a revised dividend policy from the
DONG Energy recorded an operating profit (EBITDA) of DKK 18.5 billion (EUR 2.48 bn) in Fiscal Year 2015, a 13% increase compared to DKK 16.4 bn EBITDA in FY 2014, driven mainly by higher generation from offshore wind and higher levels of offshore wind farm construction activities for co-investors, t
After reaching the Final Investment Decision for the 1.2 GW Hornsea Project One offshore wind farm earlier today, Dong Energy has published this short video to put into perspective the size of what is to be by far the largest offshore wind farm ever built. Once completed, Hornsea Project One will be
Galloper Wind Farm Ltd, a joint partnership between RWE Innogy, UK Green Investment Bank (GIB), Siemens Financial Services and Macquarie Capital, has received double recognition from industry analysts following the high profile project partnership and finance deals closed late in 2015. Galloper has
Statoil has awarded Nexans the contract to supply static and dynamic cabling and associated accessories for the Hywind Scotland Pilot Park, the world’s first floating wind farm. The contract, worth approximately EUR 10.2 million, will see Nexans delivering cables to the site, located 30 kilometers o
Dong Energy has made a final investment decision to build the 1,200 MW Hornsea Project One offshore wind farm in the UK. Hornsea will on completion be the world’s first offshore wind farm to exceed 1,000 MW in capacity and by a large margin become the world’s largest offshore wind farm. It will be a
TenneT has abandoned its plan for the construction of an Offshore Maintenance Centre (OMC) in the north of the Netherlands for the time being. The company had planned to set up the OMC as a base for maintenance work on the transformer platforms and offshore grid connections for German and future Dut
Global Marine Systems Limited has acquired a majority interest in CWind Limited. CWind has supported the construction and operation of over 26 wind farms in the North Sea, Irish Sea and the Baltic. In 2014, the company opened an office based in Bremen, Germany. Ian Douglas, CEO of Global Marine, sai
On 2 February, TenneT officially opened its special cable storage facility in Eemshaven, the Netherlands, which is able to store up to 4,600 tonnes of high-voltage electricity cables. TenneT will use the facility as a storage for massive subsea cables used for connecting offshore wind farms to the o
Swedish state-owned power company Vattenfall will spend SEK 14 billion (EUR 1.5 bn) on developing its renewable energy power sources, mainly wind , throughout 2016 and 2017, aimed at helping the company reach the goal of adding further 2,300 MW of installed wind capacity by 2020. The renewables will
