Business & Finance
Dudgeon Unfazed by Statkraft’s Investment Cuts
The development of the Dudgeon Offshore Wind Farm is progressing as planned and the project is not affected by Statkraft’s announcement of reduced investment plans in offshore wind, according to Dudgeon Offshore Wind Limited. Full production is expected in late 2017 as previously announced, the deve
Wikborg Rein: No Good News for European OW Industry in 2016
European offshore wind industry will see a sharp decline in new grid-connected capacity at the beginning of 2016, which will affect all levels of the offshore wind supply chain, according to the Norway-based law company Wikborg Rein. The short-term outlook is challening due to recent slump in global
Uptime Nets Walk 2 Work Contract
Uptime International has entered into a contract with the Spanish yard Astilleros Gondan for delivery of one active motion compensated gangway with an adjustable pedestal included, to be fitted on a newbuild Service Operation Vessel (SOV). The new vessel with the Uptime AMC gangway can accommodate u
US Congress Agrees to Extend Wind Energy Tax Credits
US Congress agreed on a multi-year extension of renewable energy tax credits on December 15, expected to secure several years of predictable policies that encourage private investment in wind energy, the American Wind Energy Association (AWEA) cited industry leaders as saying. According to the agree
Statkraft Says No More New Offshore Wind Projects
Statkraft AS will no longer invest in new offshore wind projects, the Norwegian utility said in its adjusted investment plan today. The Oslo-listed company said that the new investment plan was adjusted ”to balance the goal of profitable growth within renewable energy with Statkraft’s financial soli
Inspection Verification Bureau Expands to Aberdeen
IVB (Inspection Verification Bureau), which provides inspection and verification services to the oil, gas and renewable energy sectors, has opened a new office in Aberdeen. Director Derek Lockwood said the company’s profitability was holding up in the offshore downturn with a steady stream of work.
SeaRoc: Development and Support of SeaPlanner Main Objective
SeaRoc, the company behind the SeaPlanner marine management software, said it is looking ahead to a much more active offshore wind market in the following three years, after a relatively slow 2015. SeaRoc Group’s Managing Director Steve Pears said: “2015 has brought both challenges and opportunities
Global Wind Farm O&M Industry Report Released
A report on the global wind farm operations and maintenance market, with a special focus on China, has been released. Reportbuyer has informed it added the “Global and China Wind Farm O&M Industry Report, 2015-2018” by ResearchInChina to its offering. In 2014, the global wind farm O&M market size hi
Siemens’ Hull Factory Brings Major Contracts to Local Companies
Hull-based company Composite Panel Services has won a contract worth more than £500,000 to work on Siemens’ new offshore wind turbine blade factory in Alexandra Dock. The east Hull plant, part of a site that will eventually employ more than 1,000 people, is being built by national company VolkerFitz
COWI Acquires Norwegian OW Foundation Designer
COWI A/S has acquired Norwegian engineering firm Teknisk Data A/S (TDA), a company that specialises in the design of offshore wind foundations and high technology floating bridges. In October, TDA reported that it has won several major design contracts for the design of offshore wind turbine foundat
RWE’s Supervisory Board Greenlights Plans for Restructuring
At its meeting today, the Supervisory Board of RWE AG unanimously approved the Executive Board’s plans to restructure the Group. The company will transfer its renewables, grid and retail operations in Germany and abroad to a new subsidiary, which it intends to list on the stock market towards the en
India Seals Renewable Energy Deal with UK
Indian Union Cabinet has given its ex-post facto approval for signing of a Memorandum of Understanding (MoU) between India and the United Kingdom on cooperation in the energy sector, including offshore wind energy. The areas of cooperation also include market reforms, regulatory structures and the r
Universal Foundation Names New MD
Kristian Ravn has been appointed as Managing Director of Universal Foundation, a Fred. Olsen related company. Ravn has joined Universal Foundation, the engineering and installation service provider for the Mono Bucket foundation, from the position of Managing Director at Semco Maritime Norway, an EP
Transmission Capital Partners Preferred for Westermost Rough Transmission
Ofgem yesterday issued a notice of consultation to modify conditions of the transmission licence proposed to be granted to the successful bidder for the Westermost Rough project. The proposed modifications are related to certain standard conditions of the transmission licence that may be granted to