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Business & Finance

ABB to Build Subsea Cable System for Kriegers Flak OWF
Business & Finance

ABB to Build Subsea Cable System for Kriegers Flak OWF

ABB has won an order worth over $100 million from Energinet.dk, the Danish transmission system operator, to build an alternating current (AC) cable system that will enable the integration and transmission of power from the Kriegers Flak offshore wind farm to the mainland grid. The 600MW cable system

about 11 years ago
First Subsea to Launch New OWF Cabling Equipment
Business & Finance

First Subsea to Launch New OWF Cabling Equipment

First Subsea will launch a new monopile interface connector for offshore wind monopiles and top tension connector for floating wind turbines on stand A-D8 at EWEA Offshore 2015. “First Subsea connector technology gives installation companies the ability to significantly reduce cable installation and

about 11 years ago
Thrustmaster Backs USA’s Offshore Wind Industry with Portable DP System
Business & Finance

Thrustmaster Backs USA’s Offshore Wind Industry with Portable DP System

Thrustmaster of Texas, a marine propulsion design and manufacturing company from the U.S., is looking to give an edge to U.S. based marine jack-up operators wanting to enter the national offshore wind farm construction and maintenance sector by cutting the cost of entry in half with a unique propuls

about 11 years ago
GE, Andritz Hydro Preferred Bidders for Swansea Bay Tidal Lagoon
Business & Finance

GE, Andritz Hydro Preferred Bidders for Swansea Bay Tidal Lagoon

General Electric and Andritz Hydro have been selected as preferred bidders to the £1 billion Swansea Bay Tidal Lagoon infrastructure project. The two companies, bidding together for the ~£300m contract to supply sixteen bidirectional turbines to the world’s first tidal lagoon power plant, have commi

about 11 years ago
ABP Quits Fighting AMEP
Business & Finance

ABP Quits Fighting AMEP

Associated British Ports (ABP) has decided not to challenge the Government’s approval of plans for the development of the £450million Able Marine Energy Park on the South Bank of the Humber. Able UK Executive Chairman Peter Stephenson said: “I am sure that across the whole region there will be a sig

about 11 years ago

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REDS to Open Grimsby Base
Business & Finance

REDS to Open Grimsby Base

UK diving specialist, Reach Engineering and Diving Services (REDS), is opening a new base in Grimsby. This comes as a result of a booming offshore wind industry in the city, reports Grimsby Telegraph. At the 400 square meters leased facility, REDS will set up a new offshore support base. “We will ha

about 11 years ago
Gardline Geosciences’ Senior Management Restructures
Business & Finance

Gardline Geosciences’ Senior Management Restructures

Roi Santos, Gardline Geosciences Geoconsultancy Manager, has taken over responsibility for the offshore contractor’s geotechnical engineering team, following the departure of Geotechnical Director Andy Barwise. Gardline Geosciences Managing Director Eric Zon said: “The offshore industry is facing ch

about 11 years ago
Mainstream Appoints New Finance Director Ahead of Expansion Plans
Business & Finance

Mainstream Appoints New Finance Director Ahead of Expansion Plans

Mainstream Renewable Power, which has wind and solar farms across four continents and was recently granted permission to build two multi-billion pound offshore wind farms in the UK, has appointed former SIAC CFO Terry Ryan as Finance Director of its global operations. Ryan will oversee the company’s

about 11 years ago
TÜV Rheinland Backs Centerbridge on Senvion Purchase
Business & Finance

TÜV Rheinland Backs Centerbridge on Senvion Purchase

TÜV Rheinland provided American investor Centerbridge Partners LP important consultancy support and technical due diligence prior to its purchase of German wind-energy facilities manufacturer Senvion from the Indian Suzlon Group. TÜV Rheinland concluded the technical due diligence inspection within

about 11 years ago
Another Offshore Wind Farm Planned for Japan
Business & Finance

Another Offshore Wind Farm Planned for Japan

Japan’s offshore wind sector seems to have surged lately, as news about planned offshore wind farms off the country’s coast keep coming to news desks. According to Nikkei Asian Review, Japanese engineering company Hitachi Zosen has teamed up with Mitsubishi and Sumitomo Electric Industries to build

about 11 years ago

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Vattenfall Pulls out of Scottish Waves
Business & Finance

Vattenfall Pulls out of Scottish Waves

Scottish marine renewables sector was dealth another blow after Swedish utility decided to exit a project off the Shetland Islands. On Friday, Vattenfall announced it has appointed Resolve Group as liquidators for Aegir Wave Power Ltd (AWP), a joint venture with Pelamis Wave Power, which currently h

about 11 years ago
KIC InnoEnergy Supports Sustainable Innovations
Business & Finance

KIC InnoEnergy Supports Sustainable Innovations

KIC InnoEnergy, the European company for innovation, education and business creation in sustainable energy, has announced the launch of a new call for proposals to develop innovative products and services, as part of their ambitious support programme dedicated to boosting sustainable innovations in

about 11 years ago
Reef Subsea Files for Bankruptcy
Business & Finance

Reef Subsea Files for Bankruptcy

Subsea services company Reef Subsea has announced bankruptcy, Norwegian media writes. Because of this, several hundred employees will lose their jobs. Stavanger-based Hitecvision is a full owner of Reef Subsea, in which it invested around NOK 400 million (approximately EUR 47 million) by the end of

about 11 years ago
NaiKun Appoints New Director
Business & Finance

NaiKun Appoints New Director

NaiKun Wind Energy Group Inc. has appointed Arthur Willms as its director. Willms joined Westcoast Energy in 1971 and in 1991 he was named President and Chief Operating Officer and held this position until his retirement in 1999. In 2001, Willms was appointed to the board of directors of the British

about 11 years ago