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Business & Finance

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Top News of the Week Jan 25 – 31, 2016
Business & Finance

Top News of the Week Jan 25 – 31, 2016

Sea Worker Runs Aground off Denmark, Crew Evacuated Offshore installation vessel Sea Worker ran aground south of Denmark’s Hvide Sande on the night between 26 and 27 January while under tow to Esbjerg, A2SEA said in a statement. Interview: Adwen’s 8 MW Turbine an Arrow to Hit 100€/MWh by 2020 Target

about 10 years ago
Rederij Groen Takes 50% Stake in GloMar
Business & Finance

Rederij Groen Takes 50% Stake in GloMar

Scheveningen-based guard and seismic support vessel operator Rederij Groen has acquired a 50% stake in the compatriot offshore support vessel operator GloMar Group. GloMar Offshore, situated in Den Helder, comprises of four divisions providing offshore wind Service Operation Vessels (SOVs), emergenc

about 10 years ago
Louis Dreyfus TravOcean Orders Saab Seaeye Leopard Duo
Business & Finance

Louis Dreyfus TravOcean Orders Saab Seaeye Leopard Duo

French subsea installation company Louis Dreyfus TravOcean has ordered two Saab Seaeye Leopard remotely operated vehicles (ROVs) for touchdown monitoring and support. The Leopard work vehicle comes equipped with eleven thrusters and iCON intelligent control system, expected to provide TravOcean with

about 10 years ago
Heerema Joins BorWin3 Team
Business & Finance

Heerema Joins BorWin3 Team

Heerema Fabrication Group (HFG) has been awarded a contract by Petrofac for the procurement and construction of the jacket and piles for the 900 MW BorWin3 HVDC platform. Petrofac, in a consortium with Siemens, has the full responsibility for the construction and offshore installation of the BorWin3

about 10 years ago
Rudong OWF Project Starts Producing Power
Business & Finance

Rudong OWF Project Starts Producing Power

China General Nuclear Power Group (CGN) reported that the 152 MW Rudong offshore wind farm demonstration project started producing power after the first six Siemens 4 MW turbines were connected to the grid. The Rudong project is located some 25 kilometers east of Nantong City, Jiangsu Province, in w

about 10 years ago
Renewables Open for USD 12 Trillion Investment Boost by 2040
Business & Finance

Renewables Open for USD 12 Trillion Investment Boost by 2040

Developing renewable power resources such as wind and solar presents a USD 12 trillion investment opportunity over the next 25 years, Michael Liebreich, chairman and founder of Bloomberg New Energy Finance, said during the Investor Summit on Climate Risk held at the United Nations’ headquarters in N

about 10 years ago
DONG: Hornsea Project One Final Investment Decision Within Few Weeks
Business & Finance

DONG: Hornsea Project One Final Investment Decision Within Few Weeks

DONG Energy will make the final investment decision on the 1.2 GW Hornsea Project One offshore wind farm within the next few weeks, the utility’s UK Country Chairman Brent Cheshire told Bloomberg. Hornsea Project One, comprising 240 turbines, is located 120 kilometers off the Yorkshire coast and cov

about 10 years ago
Danes Develop Non-Electric Defective Blade Detector
Business & Finance

Danes Develop Non-Electric Defective Blade Detector

The Lyngby-based start-up CEKO Sensors Asp is launching an optical accelerometer which could detect early signs of malfunctions in blades and potentially lead to reduced O&M costs, according to the Technical University of Denmark (DTU). The sensor can withstand extreme environments, and it contains

about 10 years ago
Petrofac and GE to Build Substations for Galloper OWF
Business & Finance

Petrofac and GE to Build Substations for Galloper OWF

Petrofac and GE have won a contract worth over GBP 110 million to engineer, construct and install onshore and offshore electrical substations for the 336 MW Galloper offshore wind farm off the coast of Suffolk, UK. Petrofac will provide topside and jacket foundation designs, fabrication, transport a

about 10 years ago
SSE Ups Output from Renewables
Business & Finance

SSE Ups Output from Renewables

SSE has marked a 21.4 increase in total electricity output from renewable sources for the nine months ended 31 December, 2015, compared to the same period a year earlier. The Perth-headquartered energy company’s output from renewable resources, including offshore wind farms, was 6.8 TWh for the peri

about 10 years ago
Kinewell Energy: KLOC Cuts Cable Costs and Electrical Losses
Business & Finance

Kinewell Energy: KLOC Cuts Cable Costs and Electrical Losses

Kinewell Energy has re-designed an existing offshore wind farm in a case study which demonstrated that its new software, KLOC, could have saved the developers 3% of the installed cable cost had the technology been available when the wind farm was designed. The North East of England based company use

about 10 years ago
DONG Sets Up Burbo Bank Construction Base in Birkenhead
Business & Finance

DONG Sets Up Burbo Bank Construction Base in Birkenhead

DONG Energy has signed a lease for construction base facilities at the Cammell Laird site in Birkenhead to serve as the focal point for the construction of the 288 MW Burbo Bank Extension offshore wind farm. It is expected that the site will employ up to 50 people, with the UK supply chain further b

about 10 years ago
K2 Moves UK Office, Establishes Dublin Outpost
Business & Finance

K2 Moves UK Office, Establishes Dublin Outpost

Wind energy consultancy K2 Management has relocated its UK office from London to Glasgow, Scotland, and has set up a branch office in Dublin, Ireland. The latest developments follow the company’s 30 percent increase in revenue in the past year, which was accompanied by a 40 percent increase in the n

about 10 years ago
Mercom Reports Strong Corporate and Project M&A Activity in Wind Sector
Business & Finance

Mercom Reports Strong Corporate and Project M&A Activity in Wind Sector

Mercom Capital Group has released its report on funding and merger and acquisition (M&A) activity for the wind sector in 2015. According to the clean-tech research and consulting company, total global corporate funding in the wind sector, including venture capital/private equity (VC), debt financing

about 10 years ago
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