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Business & Finance

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DNV GL Appoints New EVP and Maritime CEO
Business & Finance

DNV GL Appoints New EVP and Maritime CEO

DNV GL Group has appointed Tor Svensen as Group Executive Vice President (EVP). Knut Ørbeck-Nilssen will succeed Tor Svensen as Chief Executive Officer of its Maritime business area. Both will report to the incoming Group President & CEO Remi Eriksen, starting 1 August 2015. Since 2013, Ørbeck-Nilss

about 11 years ago
Uptime Engineering Sets Up UK Base
Business & Finance

Uptime Engineering Sets Up UK Base

Due to growing demand for wind energy optimisation projects in the UK, Uptime Engineering has established a new base in Bristol, led by Staffan Lindahl. Lindahl has been working in the wind industry for nearly 10 years in the field of performance analysis and asset optimisation. He will coordinate p

about 11 years ago
French Tidal Energy Company Gets EUR 500K in Funds
Business & Finance

French Tidal Energy Company Gets EUR 500K in Funds

Eel Energy, French tidal energy technology company, has announced that it received EUR 500,000 from Bpifrance and the Nord-Pas de Calais region. In the meantime, historical shareholders of the company subscribed to a convertible bond of € 500k. This financing will allow the company to finalize its 1

about 11 years ago
Market Conditions Make Royal IHC Cut Staff
Business & Finance

Market Conditions Make Royal IHC Cut Staff

Royal IHC has announced that it will accelerate the implementation of its ‘IHC 2020’ strategy, which was announced in 2014, as a direct result of the rapidly deteriorating market. The strategy aims to reduce the company’s dependence on the volatile shipbuilding industry. IHC said it will focus on th

about 11 years ago
Indian Equity Fund Acquires 21 Pct Share in Senvion
Business & Finance

Indian Equity Fund Acquires 21 Pct Share in Senvion

According to Indian media, a private equity fund Arpwood Capital has acquired 21% shares of Senvion, German turbine manufacturer recently taken over by Centerbridge Partners. The purchase is said to be worth $112 million and funded through a leveraged buyout. This is in line with Arpwood’s strategy,

about 11 years ago
RenewableUK, Seastar Take Over Norstec’s Workstreams
Business & Finance

RenewableUK, Seastar Take Over Norstec’s Workstreams

Norstec, the network for offshore renewables in northern Europe, will today hand over its three main workstreams to other organisations as part of a restructuring of industry networks. The Norstec Academy, which was launched in 2014 and saw 20 higher education students win tours of the UK offshore w

about 11 years ago
HR Wallingford to Work on Swansea Tidal Project
Business & Finance

HR Wallingford to Work on Swansea Tidal Project

The UK government has given the go-ahead to a £1 billion project to build the world’s first tidal lagoon in Swansea Bay, Wales. Specialist engineering consultancy, HR Wallingford, worked with TLP on preliminary studies for the scheme, and has now been appointed by TLP’s preferred bidder, China Harbo

about 11 years ago
EMEC, FloWave to Help Wave Developers with WES Funding
Business & Finance

EMEC, FloWave to Help Wave Developers with WES Funding

The European Marine Energy Centre in Orkney (EMEC) and the FloWave Ocean Energy Research Facility at Edinburgh University will work together to offer technical input and tank testing capability to developers applying to Wave Energy Scotland’s latest funding call on novel wave energy converter concep

about 11 years ago
Trillium Sues Ontario Govt for Destroying and Burying Evidence
Business & Finance

Trillium Sues Ontario Govt for Destroying and Burying Evidence

Canadian offshore wind developer Trillium Power has filed a spoliation motion with the Ontario Superior Court, scheduled to be heard by a Master of the Court on June 18th, the company’s CEO John Kourtoff confirmed to Offshore WIND. The latest legal action, added to their $500 million legal action, c

about 11 years ago
Chile to Set Up Marine Energy Center
Business & Finance

Chile to Set Up Marine Energy Center

Chilean Minister of Energy Maximo Pacheco, DCNS president Hervé Guillou, and executive vice president of Chilean governmental organization for economic growth (Corfo) Eduardo Bitran, have signed a joint declaration to set up Marine Energy Research and Innovation Center (MERIC). The declration has be

about 11 years ago
Babcock Bags Rampion Substation Contract
Business & Finance

Babcock Bags Rampion Substation Contract

Babcock has won a contract to deliver the engineering, procurement and construction (EPC) of the 2500 tonne offshore sub-station platform (OSP) topside and jacket for the Rampion offshore wind farm. From its base in Rosyth, the company will fabricate and load-out the components for the UK’s Round 3

about 11 years ago
East of England Calls for Offshore Wind Certainty
Business & Finance

East of England Calls for Offshore Wind Certainty

Calls for the UK government to give the offshore wind industry a clear steer on how the next round of developments will be funded were made as Siemens’ turbines were confirmed for East Anglia One. As the UK industry was heartened by ScottishPower Renewables’ opting for as much UK content as possible

about 11 years ago
Three Companies Shortlisted for Danish Nearshore
Business & Finance

Three Companies Shortlisted for Danish Nearshore

Danish Energy Agency (ENS) has shortlisted three companies to participate in upcoming 350 MW nearshore tender. Out of five applicants, WPD Hofor joint venture, European Energy Nearshore Consortium and Vattenfall met the certain technical and financial requirements. Since the future wind farms are sm

about 11 years ago
Deutsche Windtechnik Scoops seebaWIND
Business & Finance

Deutsche Windtechnik Scoops seebaWIND

Deutsche Windtechnik AG has acquired 100% of the shares of seebaWIND Service GmbH and Level 360 Gesellschaft für Rotor- und Gittermastservice mbH. In particular, this enables Deutsche Windtechnik AG to expand its systems technology from the present focus on Vestas®/NEG Micon and Siemens®/AN Bonus® t

about 11 years ago
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