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Business & Finance

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AuthoritiesR&DTechnologyVesselsWind Farm Update
600 MW Kriegers Flak Project Up for Grabs
Business & Finance

600 MW Kriegers Flak Project Up for Grabs

The Danish Energy Agency (DEA) has launched a tendering process for country’s largest offshore wind farm, Kriegers Flak. The deadline for prequalification for the 600MW project is 1 October 2015, after which up to 10 applicants will be invited to submit the full tender by 8 November 2016. According

about 11 years ago
EU Grants EUR 17 Mln for Wave Power Research Project
Business & Finance

EU Grants EUR 17 Mln for Wave Power Research Project

The European Commission’s research and innovation programme Horizon 2020 has granted EUR 17 million in funding for the Clean Energy From Ocean Waves (CEFOW) research project that is coordinated by Fortum. The mission of the five-year project is to research and develop the use of the Penguin wave ene

about 11 years ago
GAC Opens New Support Hub for Southern North Sea OWFs
Business & Finance

GAC Opens New Support Hub for Southern North Sea OWFs

As part of its continuing strategy to focus on growing business sectors in the UK, GAC (Gulf Agency Company) has opened a new quayside office in Great Yarmouth to meet the needs of the renewable energy sector in the Southern North Sea for integrated shipping and logistics services. Adrian Henry, GAC

about 11 years ago
HIE Names New Head of Wave Energy Scotland
Business & Finance

HIE Names New Head of Wave Energy Scotland

Highlands and Islands Enterprise (HIE) has appointed Tim Hurst as Managing Director of Wave Energy Scotland (WES). WES aims to support and accelerate the development of wave energy technology through a series of competitive technology calls. Wave Energy Scotland is a subsidiary of HIE and it was set

about 11 years ago
Vestas Reports 18% Higher Revenue
Business & Finance

Vestas Reports 18% Higher Revenue

In the first quarter of 2015, Vestas generated revenue of EUR 1,519m – an increase of 18 percent compared to the year-earlier period. At the end of March 2015, Vestas had service agreements with contractual future revenue of EUR 7.5bn – an increase of 9 percent compared to the end of March 2014. Ser

about 11 years ago
James Fisher to Obtain Mojo
Business & Finance

James Fisher to Obtain Mojo

James Fisher will acquire the entire share capital of Mojo Maritime Limited (MML), the company said this morning. The initial consideration is £3.2m in cash, plus potential future consideration of £0.3m if the earnings before interest and taxation are £0.65m or greater for the year ending 31 Decembe

about 11 years ago
Former OWS Vessels in Acta Marine Colors
Business & Finance

Former OWS Vessels in Acta Marine Colors

The crew transfer vessels (CTVs) Offshore Wielingen and Offshore Waddenzee are the first of ten former Offshore Wind Services B.V. (OWS) vessels that have been painted in their new Acta Marine colors. Both Damen-built vessels were delivered in 2014. Offshore Waddenzee is currently on charter with Va

about 11 years ago
OpenHydro Celebrates 10 Years in Business
Business & Finance

OpenHydro Celebrates 10 Years in Business

Tidal energy company OpenHydro, a DCNS company, marks a major milestone this week as it celebrates a decade in business while preparing to deliver two of the world’s first grid connected tidal arrays in France and Canada later this year. In the Bay of Fundy, Nova Scotia, OpenHydro is working with Em

about 11 years ago
Bids Invited for Heavy-Lift Work at Borkum Riffgrund 2
Business & Finance

Bids Invited for Heavy-Lift Work at Borkum Riffgrund 2

DONG Energy Wind Power A/S has issued a call for tenders for heavy-lift vessel services for its Borkum Riffgrund 2 offshore wind farm in the German sector of the North Sea. The work will consist of two lots. Lot 1 includes the transport and installation of a jacket and piles for the wind farm’s offs

about 11 years ago
Siemens Tops 1GW in Turbines Installed off German Coasts
Business & Finance

Siemens Tops 1GW in Turbines Installed off German Coasts

Siemens has supplied, installed and commissioned 80 wind turbines for the 288-megawatt DanTysk offshore wind farm, which was officially inaugurated yesterday. The installed capacity of all Siemens wind turbines in German waters is now more than 1 gigawatt. Around 300 wind turbines installed across e

about 11 years ago
MT Højgaard Found Not Guilty in Robin Rigg Trial
Business & Finance

MT Højgaard Found Not Guilty in Robin Rigg Trial

Today, the Court of Appeal in London has ruled that MT Højgaard is not liable for the costs of repairing the foundations for the Robin Rigg offshore wind farm, off the Scottish coast. In April 2014, the first ruling went against MT Højgaard, but an appeal was filed, and the Court of Appeal has now [

about 11 years ago
Dong Issues Hybrid Securities of EUR 600 Million
Business & Finance

Dong Issues Hybrid Securities of EUR 600 Million

Dong Energy has issued hybrid securities of EUR 600 million with first par call date on 6 November 2020. The new issuance is a refinancing of the existing hybrid security issued in 2005, which will be called on its first par call date being 29 June 2015. The maturity date for the hybrid securities i

about 11 years ago
Centerbridge Acquires Senvion
Business & Finance

Centerbridge Acquires Senvion

The wind turbine manufacturer Senvion SE, previously part of the Indian group Suzlon Energy Limited, has changed owners. Centerbridge Partners, L.P., through its Centerbridge Capital Partners private equity investing strategy, has completed the acquisition of Hamburg-based Senvion. All the necessary

about 11 years ago
Conwy Groups Invited to Bid for Rhyl Flats Funds
Business & Finance

Conwy Groups Invited to Bid for Rhyl Flats Funds

Community or voluntary groups, charities, and town and community councils can apply for grants of between £2,000 and £10,000 from the Rhyl Flats Offshore Wind Farm Community Fund. Grants can be used for capital and or revenue projects which: promote community spirit and encourage community involveme

about 11 years ago
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