Business & Finance
Energinet.dk Seeks Contractor for UXO Survey
Energinet.dk has invited potential contractors to prequalify for an unexploded ordnance (UXO) survey to be carried out in 2015 at the Horns Rev 3 offshore wind farm site. The Danish transmission system operator (TSO) Energinet.dk is preparing the installation of a 33 km export cable from the planned
Boskalis Now Owns More than 20% of Fugro
Royal Boskalis Westminster N.V. has increased its holding in Fugro N.V. to 20.01%. Boskalis stresses that this is not a step towards making an offer. Boskalis views Fugro as an interesting company with strong market positions in its core activities. The strategy of Boskalis is focused on offshore an
Offshore Wind Investment Reached USD 19.4 Bln in 2014
World clean energy investment rebounded strongly in 2014, boosted by demand for solar photovoltaics on the back of its greatly improved competitiveness, and by the financing of a record $19.4bn of offshore wind projects. Authoritative annual data, published today by Bloomberg New Energy Finance, sho
GWS Carries Out Cold Commissioning on Global Tech I
Global Wind Service (GWS) has recently completed a contract with AREVA supporting the cold commissioning of the 5MW wind turbines on the Global Tech I offshore wind farm in the German North Sea. The scope of work covered the mechanical and electrical completion works. The contract was a continuation
Megavind Suggests Ways to Optimize Wind Farms
Danish strategic partnership Megavind has recently presented the report “Increasing the value of wind in energy systems with large shares of wind”. The ninth strategy report from Megavind provides recommendations with a focus on the internal optimization of wind farms. The report discusses future te
ELA Offshore Container’s Future Looks Bright
ELA Offshore Container GmbH has announced that the year 2015 kicks off with many happenings, projects and events for the company. “I am very excited about what lies ahead in 2015,” says Hans Gatzemeier, CEO at ELA Offshore Container GmbH. After a successful start in 2014, the company has already 350
Utiligensia to Work on Vattenfall’s Offshore Wind Projects
Utiligensia has been awarded a further contract by Vattenfall Wind Power Ltd, for the provision of interim commercial support to the Valuation & LEC Management team. The work comprises finanical modelling, analysis and valuation services to German and UK offshore wind projects during development and
RXPE Wins Burbo Bank Extension Contract
RXPE has won a design & build contract from DONG Energy for the supply of its Utility grade STATCOMs. DONG Energy has selected RXPE through a competitive tender process to provide a turnkey deliver of a ±50MVAr MAXIVAR™ Utility grade STATCOM for its 256MW Burbo Bank Extension Offshore Wind Farm, com
UK PM Backs Perpetuus Tidal Energy Centre
In the UK Prime Minister’s Questions yesterday, Mr Andrew Turner, MP for the Isle of Wight, asked if David Cameron would join him in supporting the Perpetuus Tidal Energy Centre, a public / private partnership. Mr Turner explained the centre, based on the Isle of Wight, will provide the world’s firs
OW Installation Vessel Market to Reach Around USD 3 Bln by 2020, Report Says
Reportstack has announced the publication of a market research report on Offshore Vessels and Cables Market, which says that the market is expected to register substantial growth between 2014 and 2020. Reportstack’s report on “Offshore Vessels and Cables Market – Market Size, Competitive Landscape a
Windcarrier Launches Its First German Business Unit
Fred. Olsen Windcarrier has opened its first German business unit in Hamburg. Fred. Olsen Windcarrier GmbH, which opened officially on January 1st 2015, will be the centre of business development activity for the company’s interests in the German offshore wind market, focused on identifying and secu
Suzlon in Talks over Its German Subsidiary
Indian wind energy manufacturer, Suzlon, is in talks over the sale of its German subsidiary Senvion, sources close to the matter revealed to Bloomberg. Senvion, potentially worth EUR 2.11 billion, has sparked interest from Chinese companies and a large buyout fund, they have added. Raj Kothari, a fi
Almost Half of EnBW Baltic 2 OWF Sold for EUR 720 Mln
EnBW Energie Baden-Württemberg AG has sold 49.89 percent of its shares in the offshore wind farm EnBW Baltic 2 to Macquarie Capital, the principal investment, advisory and capital markets arm of Macquarie Group. A corresponding purchase agreement has now been signed. “This means that we have now suc
NStar and National Grid Ditch Cape Wind Agreement
Cape wind was dealt a significant setback by both NStar and National Grid yesterday. Namely, the two Massachusetts’ utilities decided to terminate the power purchase agreement as the wind farm developer failed to meet the deadline to obtain financing and begin construction by the end of 2014. Northe