Business & Finance
Groundbreaking Ceremony for Maritime Link Project
The governments of Nova Scotia and Newfoundland and Labrador and NSP Maritime Link Inc., a subsidiary of Emera, participated in a ground-breaking ceremony at the Bottom Brook construction site in Newfoundland and Labrador to recognize the start of construction of the Maritime Link Project. Nova Scot
EDF Contracts FLiDAR for 5-Year Offshore Wind Measurements
EDF has signed a 5-year framework agreement with FLiDAR for offshore wind resource measurements. FLiDAR will deploy several of its buoys on EDF offshore wind farms over the coming years. The FLiDAR units have recently been validated by DNV GL as reaching Stage 2 on the Carbon Trust Roadmap, which gr
Renewables to Benefit from EU Investment Plan
The European Commission today announced a € 315 billion Investment Plan to get Europe growing again and get more people back to work. The EC will create new European Fund for Strategic Investments (EFSI) to mobilise these funds over the course of three years. The Fund will be set up in partnership w
Offshore Energy Industry Catapults OSBIT Power into Success
UK’s North East engineering firm OSBIT Power has revealed a 450% growth in turnover for the last year as profits went up from £21,000 to £1.4m. Staff numbers have increased from 19 to 32 and OP has been able to pay off all of the company start-up debts. MD Dr Tony Trapp said: “This is […]
Balfour Beatty to Operate Thanet OWF’s Offshore Transmission Link
Balfour Beatty Investments Limited has been chosen to operate the offshore transmission system of the Thanet wind farm. Ofgem has determined to grant an offshore transmission licence to Thanet OFTO Limited, which is the proposed licensee entity incorporated by Balfour Beatty Investments Limited, the
Ming Yang Announces New Board and Management Appointments
China Ming Yang Wind Power Group Limited has announced the appointment of Mr. Longgen Zhang to its board of directors. He will replace Mr. Cole Capener who has served as an independent director since November 2013. Ming Yang also announced that its Chief Financial Officer (“CFO”) Mr. Calvin Lau woul
Siemens to Exit Tidal Energy Business
Siemens announced its proposal to divest its ocean power generation business, in particular Marine Current Turbines (MCT), based in Bristol, United Kingdom. This restructuring would affect 45 employees in the Hydro & Ocean unit in Siemens Division Wind Power & Renewables. It is expected that the div
OPUS MARINE’s Fleet Grows
The Hamburg based ship owning company and operator of Offshore Service Vessels OPUS MARINE GmbH is adding another vessel to its fleet. The “MAGNIFICAT” (ex “ATLANTIC COUGAR”) is the former Swedish Marine survey vessel “NILS STRÖMKRONA”. Since 2009 she has been in service for the UK based offshore sp
New Project to Significantly Cut Offshore Transmission Costs
As announced yesterday, Ofgem has awarded GBP 46.4 million for eight energy-related projects. Among them, a company running transmission assets of the Ormonde offshore wind farm proposes to develop an offshore cable repair vessel and universal cable jointing system in a way that would significantly
Areva Extends DOTI’s Contract for Alpha Ventus O&M
AREVA and the operating consortium DOTI (Deutsche Offshore-Testfeld und Infrastruktur GmbH & Co. KG) signed a five years contract for the service and maintenance of the AREVA turbines at the alpha ventus wind farm. This contract extends the previous service and maintenance agreement, initiated in 20
Ming Yang Order Backlog Reaches 3.7GW
China Ming Yang Wind Power Group Limited, wind turbine manufacturer in China, announced its unaudited financial results for the third quarter endedSeptember 30, 2014. Revenue in the third quarter of 2014 was US$279.7 million, an increase of 78.7% as compared to that of the corresponding period in 20
SAL Heavy Lift Carrying Out Wikinger OWF Pile Testing (Gallery)
In October 2014 the first phase of the pile testing campaign for the Wikinger offshore wind farm project was launched, after the site’s geotechnical investigation on the Baltic Sea had been completed. German engineering and services group Bilfinger was awarded the test pile contract and chose SAL He
Ex-RAF Joins Aveillant Team
Aveillant is further strengthening its Board with the appointment of Sir Colin Terry as Non-Executive Director. During his 37 years in the Royal Air Force, Sir Colin reached the rank of Air Marshal and was Chief Engineer (RAF) as well as the Commander in Chief for Logistics Command and the Air Force
Offshore Energy Companies Win Great Yarmouth’s Business Awards
The winners of an annual celebration of business excellence in the Great Yarmouth borough were announced at a trophy presentation ceremony, at the Town Hall, on Friday, November 21. The Spirit of Enterprise Awards, now in its seventh year, is organised by enterpriseGY, Great Yarmouth Borough Council