RentOcean has signed a EUR 15 million revolving term loan facility provided by NIBC Bank N.V. The facility matures in 3 years after the facility start date. Proceeds of drawdowns under the facility will be used for investments in new rental equipment. “In line with our strategy of further enhancing
Iberdrola recorded first quarter Ebitda of €2,136.3 million, a rise of 8.8%, while net earnings were stable at €840.8 million (-0.7%). Recurring net profit rose 7.2% to €795.9 million. These results were made possible by growth in international businesses, which increased their contribution to Ebitd
Dong Energy has denied recent suggestions of selling its offshore wind turbine division prior to an initial public offering. “It has been important for us to maintain our wind strategy,” said Chief Financial Officer Marianne Wiinholt. According to Bloomberg, Dong had plans to spin off the wind unit
The U.S. Energy Department (DoE) has announced $10.5 million in available funding to support the design and operation of innovative marine and hydrokinetic (MHK) systems through survivability and reliability-related testing of these systems. Such advances will help these devices harness even more su
Atlantis has reached an agreement to acquire the Bristol based tidal business, Marine Current Turbines Limited (MCT) from Siemens. MCT was the company to installation and commission the world’s first commercial scale tidal turbine in 2008. The SeaGen S 1.2MW turbine, located in Strangford Narrows in
The company developing Swansea Bay tidal project, Tidal Lagoon Power, has appointed Andrew McNaughton as a new Director of Engineering and Construction. In his new role, McNaughton will be responsible for delivering major infrastructure asset into operational service. He held a range of executive po
Lower production volumes and continued falling electricity prices had a negative effect on Vattenfall’s earnings during the first quarter. Profit after tax fell to SEK 4,987 million (EUR 531.37 million) compared to the same period last year of SEK 8,205 million (EUR 874.10 million). However, the wor
Following news that Siemens handed over the High Voltage Direct Current (HVDC) offshore grid connection SylWin1 to TenneT yesterday, Prysmian Group announced that it has successfully commissioned the project in a contract with TenneT. Prysmian secured this project in January 2011 as part of overall
DONG Energy is seeking views of local people on a proposed Community Fund, worth up to £660,000 each year, which will to be set up if the company goes ahead with the Walney Extension offshore wind farm. The proposed 660MW Walney Extension Offshore Wind Farm was approved consent by the Secretary of S
Sembmarine SLP has awarded a contract to Manchester-based Granada Material Handling Ltd (GMH) to manufacture, deliver and commission two davit crane units for Siemens’ Transmission and Distribution Platform at the Dudgeon offshore wind farm. Each of the Granada ‘Python’ crane units have been specifi
GDF SUEZ, which announced at the beginning of this year that it plans to double its renewable energy generation capacity in Europe, has changed its group name to ENGIE. The new brand name adopts the rising sun as its logo, symbolizing a new day in the world of energy, the company said in its officia
From autumn 2016, A2SEA will provide its purpose-built offshore installation vessel SEA CHALLENGER to install the 32 MHI Vestas 8MW turbines at the 258MW Burbo Bank Extension Offshore Wind Farm in the UK for DONG Energy. The Burbo Bank Extension is located next to the existing and operational Burbo
Van Oord has published its annual report for 2014, which was an exceptional year for the company, according to CEO Pieter Van Oord. Van Oord said: “The year was special because for the first time in our history, our turnover broke the two billion euro barrier. It was also special because we achieved
The partly renovated platform of Den Helder Airport, the Netherlands, was officially reopened today, after extensive work to make it better equipped for passenger transport to European offshore cities and wind farms in the North Sea. Conny van den Hoff, Director of Den Helder Airport, said: “Thanks
