Business & Finance
China Starts Building 400MW Offshore Wind Farm
China’s leading wind power developer Longyuan Power Group Corp has, along with its partners, started construction of the 400MW wind farm off Nanri Island in Fujian province, according to the country’s state media. The wind farm is expected to be completed in 2018, and have a capacity to produce 1.4
RWE to Triple Investments in Renewables
RWE plans to triple annual investments in renewable energy, mainly wind and solar, the German utility’s Chief Executive Officer Peter Terium said in an interview with Reuters. The plan could see the company investing up to EUR 1 billion in renewables annually, Terium said. Portions of new investment
SSE Asked to Use BiFab Yards for Beatrice Project
A group of Members of the Scottish Parliament (MSPs) have asked SSE to award fabrication work contracts for its Beatrice offshore wind project to the BiFab yards in Fife and Arnish. If work on the jackets does not go to these yards, impact on workers, their families and the local economies they are
New York Sets 50% Renewable Energy Target
New York Governor Andrew Cuomo has directed the State Department of Public Service to design and enact a new Clean Energy Standard mandating that 50 percent of all electricity consumed in New York by 2030 result from clean and renewable energy sources. The Clean Energy Standard is part of Cuomo’s Re
Balfour Beatty Sells Third of Its Greater Gabbard OFTO Stake
Balfour Beatty has sold 33.3% of its interest in the Greater Gabbard Offshore Transmission (OFTO) project for a consideration of £25.5 million. The investment is being acquired by funds managed by Equitix, an investor and fund manager of core infrastructure assets. The consideration is to be paid in
TenneT Orders Equipment for Dutch Offshore Grid
TenneT has signed framework agreements for the future supply of Gas Insulated Switchgear (GIS) with Alstom Grid Netherlands, and the supply of power transformers with CG Power Systems Belgium, for the Dutch offshore power grid. This equipment will form the ‘heart’ of five offshore platforms that wil
THMA, UKTI Organize Offshore Wind Mission to USA
Team Humber Marine Alliance (THMA), in partnership with UK Trade & Investment, will lead a Northern Powerhouse offshore wind-focused mission to the USA next spring. Working in tandem with UKTI, Team Humber and regional businesses will head for the east coast of the US from March 6-12, building on in
Dong Picks Banks for IPO
Dong Energy’s committee for the initial public offering (IPO) has chosen JP Morgan Securities, Morgan Stanley, and Nordea Markets, a division of Nordea Bank Denmark, to manage the company’s planned IPO, Denmark’s Ministry of Finance reports. The IPO is expected within the next 15 months, and is proj
EWEA: UN Climate Deal Could Open New Markets to European Wind Industry
National climate pledges in emerging markets and an ambitious deal in Paris could spark an export boom for the European wind industry, according to the European Wind Energy Association (EWEA). China, India, Morocco, Brazil and Turkey are just a few of the countries that have made post-2020 national
Siemens Wind Power and Renewables Sees Less Orders in FY 2015
Siemens saw a 21% decrease in orders received through its Wind Power and Renewables division in Fiscal Year 2015, driven largely by a sharply lower volume of large orders, particularly in the offshore business, the company said in its Annual Report 2015. The orders received in FY 2015 reached EUR 6.
UK Offshore Wind Could Rival Gas Plants in Terms of Costs
Offshore wind costs could fall to a point where it is cost competitive with new build gas plants in the UK provided they face the full cost of their carbon emissions, the Committee on Climate Change (CCC) said in its 2015 Progress Report to Parliament. Ongoing innovation in offshore wind relies upon
GE Swoops on Blade Dynamics
General Electric (GE) has acquired Blade Dynamics, the developer of what are to be the world’s longest wind turbine blades. Blade Dynamics says that GE’s interest in the company is ”based on its innovative technology which has the potential to radically transform the blade manufacturing process.” Th
French Wind Energy Heavyweights Sign Climate Pledge
French wind energy players Alstom, Areva, EDF and Eiffage have joined 35 other compatriot companies, including banks and investors into renewable energy, in making a firm commitment to combat climate change. The 39 major French companies, employing a total of 4.4 million people worldwide and generat
ZF Buys Wind Turbine Gearbox Arm of Bosch Rexroth
German driveline and chassis technology developer ZF Friedrichshafen AG is venturing further into wind energy industry after receiving final clearance from antitrust authorities to acquire industrial gears and wind turbine gearbox segment from Bosch Rexroth. ZF officially took over the segment from