Business & Finance
Parkwind CEO Appointed Head of DEME Concessions
Wim Biesemans has joined the Belgian dredging, environmental and marine engineering group DEME. As the new CEO of DEME Concessions he will oversee all concession activities related to renewable energy (offshore wind and wave and tidal energy) and marine resources. Biesemans was previously involved i
ALE and Ravestein Enter Heavylift Joint Venture
Staffordshire-headquartered heavy transportation and lifting contractor ALE and Dutch large steel constructions specialist Ravestein have announced a new joint venture to own and operate submersible jack-up docks, with the first one scheduled to be launched in the first quarter of 2016. Through the
Port of Ardersier’s Offshore Wind Dream Falls Apart
Port of Ardersier Ltd, the company behind the plan to develop an offshore wind manufacturing hub at the former McDermott Fabrication Yard in Ardersier, has gone into administration. In 2013, the company submitted applications to Highland Council, Marine Scotland and Transport Scotland for the consen
JDC Secures £5.4 Mln Investment in GEV
JDC Corporate Finance, East Anglia’s corporate advisory firm, has secured a £5.4million minority investment in Hull-based GEV Group, from Maven Capital Partners. As a global company comprising four divisions and with a key focus upon the renewables sector, the investment will support the company’s i
Highlights of the Month: October 2015
DONG to Build World’s Biggest Offshore Wind Farm DONG Energy decided to construct the 660MW Walney Extension offshore wind farm, located in the Irish Sea, approximately 19 km off the west coast of Britain. Van Oord: Dredging Companies Venturing into Offshore Wind (Interview) During the Offshore Ener
Statoil Sets Aside EUR 214 Million for Hywind Scotland Pilot Park
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
EUR 6.5M Secured for Human Heart-Inspired Wave Tech
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,
Windpower Lifts Acciona
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
GE Finalizes EUR 9.7 Billion Alstom Power and Grid Deal
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
Ming Yang CEO Makes a ”Going-Private” Pitch
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 Acquires WTG Partners
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 Merges with PLY Energy
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
TKI: 40 Pct Cost Reduction Target Within Reach
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 Offshore Wind Division Q3 EBITDA Plummets
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