Business & Finance
Research Note: Off-Warranty O&M Revenue to Increase Tenfold by 2025
O&M companies operating in Europe can expect off-warranty revenue to increase by up to ten times by 2025 as the offshore wind industry matures and turbines exit their warranty periods, according to the latest research note by market analysts MAKE. The industry is looking increasingly into new strate
Industry Fears “the Devil in the Detail” of Offshore Wind Policy
Energy Secretary Amber Rudd might have given the nod that offshore wind would be in favour for this parliament but the industry is still in the dark about the detail, director of the East of England Energy Zone (EEEZ) James Gray told the Offshore Wind Vessels conference in London. The industry neede
HSH Nordbank to Allocate EUR 1 Billion for Renewables in 2016
Hamburg-based HSH Nordbank will, for the first time ever, set aside more than EUR 1 billion to finance clean energy projects in 2016, the state-owned lender told Bloomberg. HSH Nordbank was the biggest lender to green companies in 2014, and has distributed around EUR 900 million in loans to renewabl
K2 in Growth Mode
Denmark-headquartered technical consultancy for the wind industry K2 Management increased its revenue by 30 percent and grew the number of employees by 40 percent in the Fiscal Year 2015. Turnover for the financial year running from 1 October 2014 to 30 September 2015 was EUR 10.44 million, with an
Top News of the Week Dec 14 – 20, 2015
Samsø Turbine Broke Off Due to Welding Crack A fracture in the welding that connects the tower top flange with the tower had caused the breaking of the turbine Number 7 at the Samsø (Paludans Flak) offshore wind farm, Siemens said in a statement. Offshore Wind Trumps Trump This morning, the UK’s Sup
Vattenfall and AMF Sign Ormonde Partnership Deal
Sweden’s power company Vattenfall has signed a GBP 237 million (EUR 327 million) deal to partner up with Swedish pension group AMF on the 150 MW Ormonde Offshore Wind Farm. The partnership agreement means that AMF will take a 49% share in Ormonde, with Vattenfall continuing to operate the wind farm
Report: Wind Turbine Gearboxes Will Be Easier on the Wallet
A wind turbine gearbox is one of the costliest parts of the wind turbine, making up for almost 15% of the overall wind turbine cost, but the price of this component is expected to decrease in the coming years, according to a recent report by Research and Markets. Wind turbine gearbox market has been
ACE Launches Renewable Energy Environmental Protection
ACE Group today launched ACE Renewable Energy Environmental Protection, a dedicated environmental policy for companies in the renewable energy industry in the UK and Ireland. ACE Group said its Renewable Energy Environmental Protection covers the environmental risks faced by renewable energy compani
Hanseatic Power Cert Changes Company Structure
Founding partners of Hanseatic Power Cert (HPC) GmbH, GuD Consult GmbH and Thomas Köther, have acquired the company’s shares held by 8.2 Consulting AG. Since 2008, HPC has provided testing and certification services to several offshore wind farm projects, including Global Tech, Dan Tysk, Merkur, Bal
Dong Awards Burbo Bank Community Grants
Fourteen local organisations around Liverpool Bay have been awarded grants of up to GBP 20,000 through the round one of Dong Energy’s community benefit fund (CBF) established as part of the Burbo Bank Extension project. Dong has committed to set aside approximately GBP 225,000 each year for communit
Scottish Enterprise, HIE Seek Offshore Wind Expert Support
Scottish Enterprise (SE) and Highlands and Islands Enterprise (HIE) are looking for offshore wind contractors for expert support to companies wanting to diversify into the offshore wind sector. SE and HIE said they wish to procure a framework of a maximum of six suitably qualified and experienced of
Hutchinson Engineering Lands Dudgeon Contract
UK-based steel structure manufacturer Hutchinson Engineering Limited has won a contract to supply 67 sets of internal and external access ladders, cable ladders, rescue support frames and platforms for the 402 MW Dudgeon Offshore Wind Farm. Hutchinson was awarded the contract after a successful audi
Senvion Appoints New CEO
Jürgen Geissinger joined the wind turbine manufacturer Senvion as Chief Executive Officer (CEO) on 17 December. Stefan E. Kowski, Chairman of the Supervisory Board at Senvion, said: “We are delighted to welcome Jürgen Geissinger to Senvion as CEO. He has the proven capabilities required to drive exc
Peel Ports Buys Great Yarmouth
UK port owner and operator Peel Ports Group has completed the acquisition of Great Yarmouth Port Company Limited (GYPC), a river and sea port situated on the east coast of England with proximity to the development sites of some of the UK’s largest offshore wind projects. The port has been actively i