James Fisher and Sons plc has launched James Fisher Subsea Excavation, the new trading name and brand of the sole dedicated mass flow excavation (MFE) service provider worldwide. The launch follows a period of growth and development in James Fisher’s MFE business over the last 15 months that commenc
UK Green Investment Bank Financial Services Limited (GIBFS) has announced that it executed a Second Close on new commitments of £355m for the Offshore Wind Fund, bringing total committed capital to £818m and nearing its £1bn target. This makes the GIBFS-managed fund the largest renewable energy fund
First round of awards from RWE Innogy UK’s Gwynt y Môr Offshore Wind Farm Community Fund have been unveiled. Seven not-for-profit groups are set to receive up to £10,000 each, from funding directly linked to the operation of the second largest wind farm in the world. It is, to date, the largest fund
Louisiana-based Keystone Engineering Inc. has announced the opening of its newest office located in Baltimore. This news follows the announcement that the company was awarded the contract to design the meteorological mast tower foundation for US Wind’s Maryland offshore wind development lease. Ben F
Irish Minister for Agriculture, Food, the Marine and Defence Simon Coveney, TD, launched The Entrepreneur Ship yesterday, a new centre that seeks to optimise the well documented opportunities of the blue economy for Ireland, and accelerate job creation in this sector. Speaking at the opening of The
On 1st October, the European Investment Bank (EIB) increased the 0.500% Climate Awareness Bond (CAB) 11/2023 by EUR 400m to bring the total amount outstanding to EUR 1bn. The bond completes EIB’s EUR Green Bond curve with a third liquid reference point in an intermediate maturity and takes the total
Wärtsilä Corporation announced today that it expanded into a new market segment, offering a comprehensive package of seals, bearings and associated solutions to hydropower installations and industrial plants. Wärtsilä’s offering consists of seals, bearings and associated equipment for hydro installa
Renewable energy will represent the largest single source of electricity growth over the next five years, driven by falling costs and aggressive expansion in emerging economies, the IEA said Friday in an annual market report. Pointing to the great promise renewables hold for affordably mitigating cl
EWE AG and Trianel have set up a joint venture to develop the second stage of the Trianel Windpark Borkum (TWB II) with a capacity of 200MW. Ines Kolmsee, Chief Operating Officer of EWE AG, stated: “EWE brings in its expertise from the development and operation of the first German offshore wind farm
Through its wholly owned Danish subsidiary Danbor, NorSea Group has acquired the Danish wind power company Øer. NorSea Group said that, with its owners (Wilh. Wilhemsen, Eidesvik and Møkster), it has extensive expertise, infrastructure and equipment that it wants to utilise for the wind power market
A new financial modelling and analytics software tool for the renewable energy sector was licensed this week by University College Cork to spin out company, Exceedence Ltd. The company, founded and led by Dr. Ray Alcorn, will now bring to market the Exceedence FINANCE solution developed by software
Vattenfall has strengthened the senior management team of its wind business with the appointment of one of the industry’s leading strategists. On 1 October, Michael Simmelsgaard will be new Vice President of Strategic Projects as well as a member of the Management Team at Business Area Wind. He has
Fugro’s UK geotech companies have been restructured as Fugro GeoServices Ltd. The renaming completes the integration of key UK specialists – Fugro Seacore, Fugro Engineering Services, EM Drilling, Fugro Loadtest, Fugro Instrumentation & Monitoring and Fugro Aperio. Fugro GeoServices Ltd employs clos
The momentum building for the development of offshore wind power in the U.S. was on full display over the last two days during the American Wind Energy Association’s (AWEA) Offshore WINDPOWER Conference & Exhibition at the Baltimore Convention Center in Baltimore, Maryland. AWEA Offshore WINDPOWER k
