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
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
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
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
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
DONG Keeps Its Oil & Gas Unit to Back Investment in Renewables
DONG Energy has decided to keep its Exploration & Production (E&P) business to help fund investments in renewable energy. “DONG Energy confirms its intention to build a world-class clean energy company with a portfolio based on leading competences in offshore wind, bioenergy and green distribution a
Mainstream Raring to Build 450 MW Neart na Gaoithe OWF
Mainstream Renewable Power is in exclusive discussions with a consortium led by power company InterGen to take its 450 MW Neart na Gaoithe offshore wind farm to financial close and into construction. The consortium also includes Siemens Project Ventures, The Marguerite Fund and Infrared Capital. Spe
Siemens’ Wind Orders Up, Profit Down
In its financial results for the first quarter of fiscal year 2016, Siemens reported the revenue in its wind and renewables business was down 19% at EUR 1.2 billion, compared to almost EUR 1.5 billion in the same period last year. Siemens said “timing effects related to project execution” partly aff
Navigant: China Is the Only Booming Wind Capacity Market
China is the only country identified as a booming market for wind capacity growth, with the United States, India and Germany carrying the label of outperformers in a report published by Navigant Research. The report, ‘Global Wind Energy Policy Update,’ examines the strengths and weaknesses of the wi
Rampion Shakes Off Bad Weather
The Rampion offshore wind farm project remains on schedule with the installation of the first turbine foundation due to start this week, despite adverse weather conditions disrupting enabling works to prepare the seabed, according to E.ON. The 400MW project, being built by E.ON, the UK Green Investm
Port of Den Helder Looks to Drum Up Offshore Wind Business
Consortium partners Dura Vermeer and De Vries & Van der Wiel today started work on the Kooyhaven development at the Dutch Port of Den Helder, a project expected to open up the region to the offshore wind industry. Kooyhaven is located immediately to the south of the N99 trunk road, and to the east o
DONG Energy to Develop Another OWF Project in Germany
DONG Energy has acquired project rights for OWP West offshore wind farm from Erste Nordsee-Offshore-Holding GmbH, a company owned by STRABAG and Northern Energy Projects. Information about the acquisition first appeared in late December 2015, after DONG Energy took over the project on 16 December, 2
Trianel Windpark Borkum Phase 2 Cable Laying Tender Out
Oldenburg-based Trianel Windkraftwerk Borkum II has invited tenders for the production and turnkey installation of the inner park cabling at the 200 MW Trianel Windpark Borkum (TWB) Phase 2, situated in the German exclusive economic zone in the North Sea. The TWB Phase 2 sits 45 kilometers north of
Galloper Wind Farm Fund Up For Grabs
Galloper Wind Farm Ltd, the developer of the 336 MW Galloper Offshore Wind Farm, has invited applications for the Galloper Wind Farm Fund (GWFF). The fund aims to contribute to the appearance, setting, conservation, amenity, accessibility and enjoyment of the Suffolk Coast & Heaths AONB and the area