Business & Finance
DBB Jack-Up Rearranges Its Financing
The Guarantor DBB Jack-Up Services A/S has obtained subordinated loans of DKK 25.0m and increased its overdraft credit facility by DKK 20.0m. Also, in agreement with existing financiers, the company has postponed instalments on loans by another DKK 9.2m. According to the company the demand for offsh
Swedish Onshore Fights Offshore
A group of Swedish onshore wind power companies have raised their voices against a separate new support system for offshore wind power. According to them, it is an expensive and unnecessary way to increase the share of renewable energy in Sweden, since the same benefits can be achieved through onsho
Turbine Business Park in Birkenhead under Construction
Redsun Developments started building its Turbine Business Park in Birkenhead, the company confirmed to Offshore WIND this afternoon. Turbine Business Park involves redevelopment of a 5 acre site on the A41 in Birkenhead, which has been derelict for many years. Redsun is delivering over 90,000sqft of
Oceanteam Focuses on Offshore Wind
In its Q2 results, Oceanteam Shipping ASA said it is now focusing on the offshore wind market, following the prolonged downturn and the volatility in the oil and gas market. Even though the oil and gas market is challenging, other sectors, like offshore wind, show a continuous growth, Oceanteam expl
WERPO Musters Wave Energy Troops in Sri Lanka
Blackbird International Corporation, the sole shareholder of WERPO, has officially entered into an agreement with Sri Lankan company Help Mankind for a twofold joint venture. The first is the implementation of a manufacturing plant for the production of the equipment used by WERPO in its wave energy
Vestas Q2 Revenue, Earnings Up
In the second quarter of 2015, Vestas generated revenue of EUR 1,749m, an increase of 30 percent compared to the year-earlier period. EBIT before special items increased by EUR 41m to EUR 145m. The intake of firm and unconditional wind turbine orders amounted to 3,018 MW in the second quarter of 201
Aarsleff Signs Port of Frederikshavn Enlargement Deal
Per Aarsleff A/S has entered into a contract with Frederikshavn Havn A/S for the enlargement of Port of Frederikshavn. The contract worth DKK 552 million (approx. EUR 74 million) covers phase 1 of a major expansion project for Port of Frederikshavn. The Port will enlarge and improve its current harb
Scottish Greens: Offshore Renewables Could Help Create 200K Jobs
The Scottish Green MSPs published a major research paper today, outlining how Scotland could create 200,000 jobs over the next 20 years by pursuing a new economy built on renewable energy, green chemistry, home insulation and forestry. The report, “Jobs in Scotland’s New Economy”, uses government an
DONG Acquires Hornsea Two & Three OW Projects
Today, DONG Energy acquired the Hornsea Zone and the project rights to Hornsea Project Two and Three, which have the potential of 3 gigawatts (GW) of offshore wind capacity. This follows DONG Energy’s acquisition of Hornsea Project One, a 1,200 megawatt (MW) offshore wind project in the Round 3, whi
Jacob Securities to Arrange Offshore Wind Project Financing for Beothuk Energy
Canadian Beothuk Energy Inc. (BEI) has retained Jacob Securities Inc. (JSI) to identify project financing for the company’s previously announced demonstration offshore wind park. BEI’s plans include developing, owning and operating a portfolio of large-scale offshore wind energy projects in the Atla
DNV GL Accredited by DAkkS
The global certification company for renewable energy services DNV GL has been re-accredited by the German accreditation body Deutsche Akkreditierungsstelle GmbH (DAkkS). This allows DNV GL to conduct conformity assessment of wind turbines and their components, wind farm projects and their assets, s
Ofgem: Over £2.5 Bln New Transmission Investment Delivered since 2009
By granting West of Duddon Sands (WoDS) Transmission plc a licence to own and operate the £269 million transmission link to the West of Duddon Sands offshore wind farm, the total new transmission investment delivered by the OFTO regime to date is over £2.5 billion, of which nearly £1 billion has now
SgurrEnergy among Finalists of Glasgow Business Awards
SgurrEnergy has been named as a finalist in the International Trade category at the 2015 Glasgow Business Awards. The awards, due to take place on Thursday, 1st October at the Hilton Hotel Glasgow, celebrate innovation and success of Glasgow-based companies and attracts a wealth of high profile entr
DONG Energy Divests West of Duddon Sands Transmission Assets
West of Duddon Sands, a joint venture owned by DONG Energy and ScottishPower Renewables, has signed an agreement for the sale of transmission assets to WoDS Transmission plc. WoDS Transmission plc is owned by a consortium comprising of Macquarie Corporate Holdings Pty Limited and 3i Infrastructure p