Business & Finance
DONG to Pump GBP 6 Billion into Humber Area by 2019
Denmark-based offshore wind power developer DONG Energy plans to invest GBP 6 billion in the Humber region over the period of 2013 – 2019, according to a new report released during the UK’s first Offshore Wind Week. The report titled Impact of DONG Energy Investments in the Humber Area shows that ov
UK Plans to Phase Out Coal Power Stations by 2025
The UK government has announced plans to close all unabated coal-fired power stations by 2025 and restrict their use by 2023. The government will consult early next year on when to close all unabated coal-fired power stations. Announcing the decision ahead of a speech which will set out a new direct
Ming Yang Assessing CEO’s Proposal
The Board of Directors of China Ming Yang Wind Power Group Limited (Ming Yang) has formed a special committee to evaluate the proposal from its Chairman and CEO, Chuanwei Zhang, to acquire all of the company’s outstanding shares not already beneficially owned by him. The Special Committee is compose
EWEA Livestream: Wind Energy Turning Blue Chip Companies Green
The European Wind Energy Association (EWEA) today plays host to panelists who are discussing business models to provide wind energy directly to corporate clients. The session, titled Wind Energy Turning Blue Chip Companies Green, is organized as part of EWEA’a annual conference held in Paris this ye
UK Firms On Track to Take Half of Local Offshore Wind Cake
A growing number of UK companies are getting involved in the development, construction and operation of offshore wind farms in British waters, with 43% of the expenditure incurred in planning, building and running offshore projects already going to local companies, according to a new report issued d
Apollo Getting Ready for Boom Lock
Belgium-based High Wind has announced that GeoSea’s new jack-up vessel Apollo will be prepared for the Boom Lock system which allows an offshore crane to install wind turbine components at high wind speeds. High Wind will manage all elements of the design and engineering in cooperation with GeoSea,
EWEA Livestream: The Place of Wind Energy in COP21
The European Wind Energy Association (EWEA) has organized a session titled The Place of Wind Energy in COP21 at its annual conference held in Paris. The session is co-ordinated by the French Wind Energy Association (FEE), and dedicated to discuss the place of wind energy in the current climate chang
EWEA: Wind Could Bring Most Power to Europe by 2030
Wind energy will be the largest source of power supply in the EU by 2030 if governments apply the right level of ambition in their climate and energy policies, according to the latest report issued by the European Wind Energy Association (EWEA). Wind power can exceed gas, coal and other forms of ene
Greig Joins RCG’s Ranks
The Renewables Consulting Group (RCG) has added Elaine Greig to its team as a Director and Head of Service Delivery. Greig has over 22 years’ experience in the electricity supply industry, with the last 14 in wind energy development, engineering, finance, construction and operations. She has joined
Global Marine Systems Re-Enters Offshore Wind Market
Global Marine Systems Limited is re-entering the offshore renewables market after a three-year absence, the company informed in a press release issued today. Global Marine highlighted its recent contract for an inter-array project at the Wikinger offshore wind farm as the one that marked its return
Top News of the Week Nov 09 – 15, 2015
First German Floating Foundation Secures Grid Connection German engineering consultancy Gicon has received permission from a governmental agency to feed 2.3MW of grid connection capacity through the country’s first floating offshore foundation – GICON®-SOF. RWE-Led Consortium to Bid for Dutch Borsse
EnBW Baltic 2 Starts Paying Dividends
Since its official commissioning on September 21, the offshore wind farm EnBW Baltic 2 in Stralsund has helped the Karlsruhe-headquartered electric utilities company EnBW improve EBITDA in its renewable energies segment for the first nine months of 2015, and partly offset a 5.3% fall in revenue in t
Vattenfall Issues USD 400 Million in Hybrid Bonds
Swedish utility Vattenfall has today priced a hybrid bond issue of USD 400 million (approximately SEK 3.5 billion), the proceeds of which will be used for general corporate purposes. This is Vattenfall’s first ever hybrid bond denominated in USD, placed under Regulation S outside the U.S. As with th
Boskalis Reports 6% Drop in Q3 Order Book
Royal Boskalis Westminster has reported a drop in the order book of 6.1% for the third quarter. Also, operating profit was lower than results in the first half of the year, as well as the same period last year. According to the company, the result was in line with expectations. “Market conditions re