Business & Finance
GlobalData: Germany Leading 2015 OW Installations, UK Third
Germany will become the world’s leading market for annual offshore wind turbine installations in 2015, with the country set to add an impressive 2,071 Megawatts (MW) this year, an almost fourfold increase from the 529 MW added in 2014, according to research and consulting firm GlobalData. The compan
Iberdrola First in Electric Utilities “Super-League”
IBERDROLA, owner of ScottishPower in the UK, has been ranked first in a “Super-League” of European electric utilities compiled by CDP on the basis of their response to the challenges of climate change. The ranking is included in a report ‘Flicking the switch: are electric utilities prepared for a lo
Gamesa Profit Triples
Gamesa obtained €62 million euro in net profit in the first quarter of 2015, i.e. more than triple the €17 million reported in the same period last year. This improvement reflects sound sales activity and a continuous improvement in the company’s profitability, with an underlying EBIT margin of 8%.
East of England to Discuss Its Energy Role with Politicians
About 200 representatives from the East of England’s energy sector will head to Westminster next month to reinforce its key role in keeping Britain lit and heated. A reception in the House of Commons is being organised by the East of England Energy Group (EEEGR) to ensure that the government elected
ORPC Comes to Ireland
Ocean Renewable Power Company (ORPC) is setting up ORPC Ireland, LLC, in County Donegal at the Co-Lab Business Centre at Letterkenny Institute of Technology. Seamus Neely, Chief Executive with Donegal County Council, said. “We are delighted that ORPC Ireland has located itself in Letterkenny, bringi
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
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
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
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
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
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
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
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
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