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Business & Finance

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U.S. Offshore Wind Capacity Could Reach 86 GW by 2050
Business & Finance

U.S. Offshore Wind Capacity Could Reach 86 GW by 2050

Leaders of the U.S. wind energy industry said their companies and workers can deliver on a bold new vision for wind power to double in America over the next five years and ultimately become one of the country’s largest sources of electricity, with the savings to consumers reaching tens of billions o

about 11 years ago
Blue Water Backs Baltic 2 Jacket Foundation Work
Business & Finance

Blue Water Backs Baltic 2 Jacket Foundation Work

JV Baltic II Foundations (joint venture between Hochtief and GeoSea) and Blue Water Shipping have cooperated on the project of shipping 41 jacket foundations from Lindo to the Baltic II wind farm in the Baltic Sea. During the project period from the summer of 2014 until January 2015, JV Baltic II Fo

about 11 years ago
Gwynt y Môr OWF Funds North Wales’ Community Projects
Business & Finance

Gwynt y Môr OWF Funds North Wales’ Community Projects

Gwynt y Môr Offshore Wind Farm has announced a £570,000 donation to the Royal National Lifeboat Institution (RNLI) in North Wales and the appointment of Community and Voluntary Support Conwy (CVSC) to administer its £multi-million Community Fund. The substantial funding package for the RNLI will sup

about 11 years ago
Aquamarine Power Puts Wave Farm Plan on Ice
Business & Finance

Aquamarine Power Puts Wave Farm Plan on Ice

Aquamarine Power has delayed its plan to install 40 to 50 wave energy converters off the west coast of Lewis, Scotland, and is looking to focus on production of components for shared use in the wave energy industry, The Herald writes. The company has put the plan on hold for five years, citing techn

about 11 years ago
Blackbird Cashes In Wave Energy Development Funding
Business & Finance

Blackbird Cashes In Wave Energy Development Funding

Blackbird International Corporation (BBRD), the developer of sea wave energy technology, has received a line of credit from The Mercantile Discount Bank in Israel in order to cover the financial needs of WERPO for 2-3 years. Mr. Shmuel Ovadia, Director and inventor of BBRD’s technology stated, “This

about 11 years ago
Offshore Wind Boosts Van Oord’s Business
Business & Finance

Offshore Wind Boosts Van Oord’s Business

Van Oord has released financial information for 2014, saying that the company achieved a record turnover of EUR 2.104 billion (2013: EUR 1.641 billion). It is the first time in Van Oord’s history that its turnover has exceeded EUR 2 billion. This year, with the award of the Gemini project (EUR 1.3 b

about 11 years ago
Cofely Fabricom to Work on Lynn and Inner Dowsing OWFs
Business & Finance

Cofely Fabricom to Work on Lynn and Inner Dowsing OWFs

Cofely Fabricom has been awarded two framework agreements for the Provision of Mechanical and General Electrical Services and Major Works and Repairs for the Lynn and Inner Dowsing offshore wind farms operating 5km off the Lincolnshire Coast. With operations based out of Grimsby dock, the wind farm

about 11 years ago
Cuxport to Provide Logistics for North Sea Converter Platforms
Business & Finance

Cuxport to Provide Logistics for North Sea Converter Platforms

Cuxport has signed an agreement with Siemens covering logistics operations for services for the following offshore converter platforms: BorWin 2, HelWin 1, HelWin 2 and SylWin 1. The long-term contract will come into effect in May this year. The agreement covers the acceptance, storage and picking o

about 11 years ago
Tidal Lagoon Power Appoints New Expert to Its Team
Business & Finance

Tidal Lagoon Power Appoints New Expert to Its Team

Tidal Lagoon Power has named Graham Hillier as its Managing Director for Development Services. He will join the company later in the spring to oversee the provision of in-house environmental, planning and property services to each of Tidal Lagoon Power’s projects subsequent to the Swansea Bay Tidal

about 11 years ago
Vattenfall Launches SEK 15 Bln Hybrid Bonds
Business & Finance

Vattenfall Launches SEK 15 Bln Hybrid Bonds

Vattenfall has launched hybrid bonds of SEK 6 billion and EUR 1 billion (approximately SEK 15 billion combined) in order to refinance an existing hybrid bond of EUR 1 billion, issued in 2005. The excess amount will be used for general corporate purposes. The issue of corporate hybrid bonds in Swedis

about 11 years ago
Extension Works Launched at Port of Cherbourg
Business & Finance

Extension Works Launched at Port of Cherbourg

On March 2, Ports of Normandy Authority (PNA)’s elected representatives officially launched large- scale extension works of the port of Cherbourg’s main roadstead, which will be a milestone in the history of the port’s development. Due to the allocation of ALSTOM’s industrial unit for offshore wind

about 11 years ago
The Netherlands Fund Energy Innovation
Business & Finance

The Netherlands Fund Energy Innovation

The Netherlands Enterprise Agency (RVO) has announced that on April 1, 2015, a new tender for the Demonstration of Energy Innovation (DEI) will be open. With DEI, applicants have the chance to get funding for demonstrations (investment projects) of products, processes or services. The funding is ava

about 11 years ago
Danish Offshore Wind Company Opens UK Office
Business & Finance

Danish Offshore Wind Company Opens UK Office

Danish offshore wind energy service provider All NRG has opened its first office in the UK. From its new base at the Port of Grimsby, off the Humber Estuary in North England, the company will provide dedicated preassembly, installation, operations and maintenance services to its clients developing o

about 11 years ago
Alpha Nano Gets Funding from GROW:OffshoreWind
Business & Finance

Alpha Nano Gets Funding from GROW:OffshoreWind

Alpha Nano International has been awarded of £225,384 grant funding through the GROW:OffshoreWind service in order to further develop their range of innovative nano-coatings designed specifically for the offshore sector. The funding will allow Alpha Nano to invest in further research and development

about 11 years ago
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