Norwegian energy company Statoil has made the final investment decision to build the Hywind Scotland Pilot Park, the world’s first floating wind farm, offshore Peterhead in Aberdeenshire, after Scotland gave the project the go-ahead yesterday. The decision triggers investments of around NOK 2 billio
CorPower, a developer of a wave energy converter inspired by the pumping principles of the human heart, has completed a €6.5M funding round, thus securing a critical investment for the next stage of the company’s development and allowing for the third round of testing of its wave energy technology,
Spain’s Acciona posted an attributable net profit of EUR 166 million in the first nine months of 2015, an 11.6% increase compared with the same period in 2014, mainly due to the growth in renewable power generation and the sales of wind turbines manufactured by Acciona Windpower in international mar
U.S. conglomerate General Electric (GE) has completed the EUR 9.7 billion (USD 10.7bn) purchase of Alstom’s power and grid businesses, GE’s largest ever industrial acquisition, following the regulatory approval of the deal in over 20 countries and regions including the EU, U.S., China, India, Japan
Chinese wind turbine designer and manufacturer China Ming Yang Wind Power Group Limited has received a preliminary non-binding proposal letter from its Chairman and Chief Executive Officer Chuanwei Zhang to buy all of the outstanding ordinary shares of the NYSE-listed company not already in his owne
ALL NRG Group has acquired WTG Partners, a Danish wind turbine advisory and inspection company. WTG Partners is the fourth company acquired by ALL NRG Group, which says it aims to set up a one-stop-shop for wind turbine manufacturers and wind farm owners by bringing together suppliers in both offsho
Greensolver, the independent wind and solar farm asset manager, has merged with Dutch based developer and asset manager, PLY Energy. Under the terms of the agreement, PLY Energy will join the Greensolver brand to deploy joint services that include procurement and contracting, due diligence, construc
The TKI Wind op Zee (Top consortium for Knowledge and Innovation Offshore Wind) has released a report which demonstrates the 40% cost reduction targets committed by both government and market parties in the Green Deal 2011 is within reach. The report, made by PwC and DNV GL, with support of Ecofys,
Bonheur ASA, Norwegian holding company that operates in the offshore wind sector, among other activities, released its financial results for the third quarter. The group’s operating revenues marked a slight drop from NOK 3 411 million (EUR 365 milion), last year, to NOK 3 402 million (EUR 364.2 mill
Fugro’s Q3 results have shown that the offshore wind industry has provided a steady business area for the company under continuing challenging market conditions in the oil and gas industry. The company’s offshore revenue dropped 18.2% to EUR 83.9 million related to the overall lack of deepwater proj
Siemens reported today that it had received an order for 56 of its SWT-6.0-154 wind turbines, including a 15-year service contract, for the Galloper offshore wind farm, for which the final investment decision was reached today. So far, the company has sold about 300 of its SWT-6.0-154 wind turbines
DONG Energy’s earnings were 14% higher in the first nine months of 2015, compared with the same period last year, the company reported today in its interim financial report for 9M 2015. DONG said earnings (EBITDA) were up by 14% in the first nine months from DKK 13.0 billion (approx. EUR 1.7 billion
Aquamarine Power today called in administrators to manage the business and to seek a sale or investment via the administration process. BDO LLP business restructuring partners James Stephen and Graham Newton have been appointed Joint Administrators and will now take over the running of the Edinburgh
After Red7 Group went into administration, Mike Jones and Martin Spurr have launched Red7 Offshore and Red7 Inshore Diving, aiming to win important diving and marine contracts on oil & gas and wind farm projects and inland/inshore work. They believe lower overheads, a leaner operation and Great Yarm
