Business & Finance
MHI Vestas to Hold Recruitment Information Seminar
MHI Vestas Offshore Wind will hold a recruitment information seminar at the Isle of Wight College on Tuesday 10th February at 6.00pm and 6.30pm. The company is currently recruiting for over 200 full time positions at its offshore wind turbine blade manufacturing facility at Stag Lane, Newport. The i
Chinese Zhuzhou Buys UK’s SMD
Zhuzhou CSR Times Electric Co. Ltd, a subsidiary of CSR Corporation Limited of China, has acquired Specialist Machine Developments (SMD) group. SMD is organised across a number of business streams, including Work Class ROVs, Subsea Trenching, Submerged Mining and Marine Renewables. Andrew Hodgson, C
New Offshore Wind Training Center Open in UK
A new renewable energy centre was launched yesterday in North East England, which is expected to attract thousands of potential workers for the fast-growing wind sector. Julian Brown, chairman of RenewableUK, officially opened the new centre in front of more than 70 business and education leaders fr
India: Tamil Nadu Plans 200MW of Offshore Wind Energy
At a recently held Renewable Energy to Tamil Nadu (RE2TN) seminar, Sudeep Jain, chairman and managing director of Tamil Nadu Energy Development Agency (TEDA), has confirmed this Indian state’s efforts to develop offshore wind energy. Since Tamil Nadu is planning to install 200 MW of offshore wind po
Damen Building New Shoalbuster Vessel
Damen has begun work on the latest and one of the largest models of its shallow draft Shoalbuster range, which was ordered by Van Wijngaarden Marine Services. The Shoalbuster 3512 is 35 metres in length, has a draft of 2.9 metres and GRT of 498 tonnes. The new design brings a range of benefits inclu
Danish Offshore Energy Delegation Visits Humber, UK
Danish delegation has recently visited the UK’s Humber region representing North Sea Offshore Services Group, Offshoreenergy Denmark & the Danish Wind Industry Association. The visit was organised by Team Humber Marine Alliance and supported by the Grimsby Renewable Partnership & the World Trade Cen
Vattenfall to Invest EUR 963 Mln in Wind Energy
The Swedish energy company, Vattenfall, will invest a total of SEK 9.1 billion (EUR 963 million) in wind power over the course of two years. According to the company’s full year report, Vattenfall is planning to spend SEK 41 billion (EUR 4.34 billion) for the same period, out of which SEK 11.1 billi
Japan: Marubeni to Construct Two Offshore Wind Farms
Marubeni Corp. has been selected to build two wind farms off the coast of Japanese Akita prefecture, Bloomberg informs. The two planned wind farms will have a total capacity of 145 MW. A 65 MW offshore wind farm will be built near the Akita port, while the Noshiro port will overlook an 80 MW facilit
Iberdrola to Invest in Scottish Renewable Energy
Ignacio Galán, the chairman and chief executive officer of Iberdrola, has outlined a strategy for further multi-billion pound investments in renewables in the UK, with a strong focus on Scotland, in a lecture at the University of Strathclyde. Mr Galán was delivering the fourth James Blyth lecture at
InfraRed Named Final Institutional Equity Investor in Tidal Lagoon Swansea Bay
InfraRed has been named as the final institutional equity investor in Tidal Lagoon Swansea Bay. The investment, equaling that of Prudential last October, confirms full equity funding from two British institutions. InfraRed, a leading global investment manager focused on infrastructure and real estat
Offshore Wind Holds Dong Financially Stable in 2014
Dong Energy issued its financial results for 2014 today, which show the company’s strong growth in EBITDA (+9%) and cash flows (+54%). However, decline in oil and gas prices resulted in post-tax impairments of DKK 6.6 billion. CEO and President Henrik Poulsen said: EBITDA was up 9% at DKK 16.4 billi
Jianren Wen Named as Ming Yang President
China Ming Yang Wind Power Group Limited appointed Jianren Wen as President of the Company. He succeeded Xueyong Zhao who resigned from this position on 10 October 2014. The appointment is with immediate effect. Mr. Jianren Wen has over 20-year experience in electricity and electrical equipment indu
Dong Becomes Sole Hornsea Project One Owner
DONG Energy has acquired the remaining 66.66% ownership interest in the UK offshore wind development Hornsea Project One from its joint venture partner SMart Wind. Hornsea Project One has a total capacity of up to 1.2GW, which will make it the world’s largest offshore wind farm once completed. DONG
Blackbird International to Develop Wave Energy Project in Ghana
Blackbird International Corporation (BBRD) has signed a partnership agreement with ACEP, The Africa Center for Energy Policy, with the goal of installing a sea wave energy power plant to supplement the region’s energy needs. Blackbird International Corporation’s fully owned affiliate, Wave Electrici