Business & Finance
Gamesa Doubles Net Profit
Spanish wind energy developer, Gamesa, has doubled net profit to €126 million in the first nine months of 2015. The result is driven by improvements in revenues (+30.4%) and underlying EBIT (+67.2%), and is in line with the Business Plan 2015-17, according to the company. Gamesa experienced strong g
UK: Six Major OW Players to Show Why Offshore Wind Works
Six operators constructing and operating wind farms off the Suffolk, Norfolk and Essex coasts will come together to emphasise the industry’s importance on 19 November at OrbisEnergy in Lowestoft. Offshore Wind Works, one of a series of events around the UK in Offshore Wind Week, facilitated by EEEGR
SDI Organizes Trade Mission to Japan
Scottish Development International (SDI) will lead a trade mission to Japan from 16-20th November to explore the opportunities in subsea mining and renewables across East Asia. The trade mission will expose several British companies to detailed market insights and connect them with the key players i
PNE Wind Upbeat Despite Posting Q3 Loss
German wind farm project developer PNE Wind AG is optimistic about the future on the account of a well-filled development pipeline for offshore and onshore wind projects, Markus Lesser, the company’s Interim CEO and COO, said in the company’s financial report for the quarter ended September 30. At t
Tideland Acquires IMT
US-based Tideland Signal Corporation has entered into an agreement to acquire IMT B.V. Group of Companies, the Netherlands-headquartered developer of lighting, navigation and signalization products and systems for offshore, marine, construction and governmental sectors. By acquiring IMT, Tideland ex
Baringa Bolsters Ranks in Germany
London-based specialist management consultancy Baringa Partners has appointed Dr. Christoph Müser to support the growth of the company’s energy practice in Germany, Switzerland and Austria. Dr. Müser will take up his role in Baringa’s Düsseldorf office, which was established in 2011, in Germany’s en
UK Supreme Court Gives Final Clearance to MT Højgaard
The UK Supreme Court has upheld the UK Court of Appeal’s April ruling that Denmark’s MT Højgaard is not liable to cover the costs of fixing weaknesses discovered in grouted connections of the foundations at the Robin Rigg Offshore wind farm off the west coast of Scotland. E.ON Climate and Renewables
EDF Floats Partnership Idea to GE & Alstom Energy
French energy company EDF sees the recently merged GE and Alstom Energy as the perfect partner for the company’s plan to diversify its energy mix by further expanding into renewable energy sector, GE quoted Antoine Cahuzac, the CEO of EDF Énergies Nouvelles, as saying. By partnering with GE & Alstom
Nass&Wind, OFS Partner Up on Floating Wind
French companies Nass&Wind Industrie, a subsidiary of Nass&Wind Group, and Offshore Foundation Solutions (OFS) have signed an agreement under which the companies will cooperate to develop concrete floating offshore wind platforms. The partnership was initiated in early 2015 with an aim to unite the
Top Economies to Double Use of Renewables by 2030
Renewable energy supply is set to double collectively in eight major economies by 2030, 18 percent higher than previously projected growth rates, spurred on by new national climate and energy plans, according to new analysis by World Resources Institute (WRI). WRI’s analysis, Assessing the Post-2020
DONG Picks Van Oord to Install Foundations at Walney Extension
Rotterdam-based dredging and marine contractor Van Oord has reached an agreement with Denmark’s DONG Energy to transport and install the 87 foundations at Walney Extension offshore wind farm in the United Kingdom. Van Oord will transport the foundations, monopiles and transition pieces, from the var
Canadian Company Buys 24.9% Stake in Rampion OWF
Canadian energy company Enbridge has joined the Rampion offshore wind project by acquiring a 24.9 percent interest, becoming one of the three shareholders in Rampion Offshore Wind Limited. E.ON will remain the controlling shareholder at 50.1 percent, with the UK Green Investment Bank plc (GIB) conti
Buoyant Vestas Plans EUR 50 Million Blade Factory in India
Denmark’s Vestas is planning to build a new blade manufacturing facility in India and is expecting up to EUR 1 billion more in revenue in 2015 after posting encouraging operating results for the quarter ended September 30. The construction of the new factory will start in 2016, and the project is ex
Three Companies Set Up Dutch Offshore Base
A new joint venture that will provide 24/7 services to the maritime and offshore industry has been launched in the Netherlands. The launch of Dutch Offshore Base BV, comprising Ter Haak Group, Dutch Offshore Group and Rotterdam Offshore Group, was announced at the Europort exhibition in Rotterdam th