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Business & Finance

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TechnologyAuthoritiesWind Farm Update
Alstom to Pioneer U.S. Offshore Wind with Dominion Virginia Power
Business & Finance

Alstom to Pioneer U.S. Offshore Wind with Dominion Virginia Power

Alstom is part of a team to receive a $47M grant from the US Department of Energy (DOE) for phase II of the Virginia Offshore Wind Technology Advancement Project (VOWTAP) led by Dominion Virginia Power. This next phase includes the completion of Front End Engineering Design (FEED), installation and

about 12 years ago
Keystone to Provide Its ‘Twisted Jacket’ Design to Two U.S. Projects
Business & Finance

Keystone to Provide Its ‘Twisted Jacket’ Design to Two U.S. Projects

Louisiana-based Keystone Engineering Inc. will supply the engineering and design works for its patented Inward Battered Guide Structure, or “twisted jacket”, a wind turbine support structure for two of the three projects selected by the US Department of Energy to receive up to $47 million in US gove

about 12 years ago
Acteon Launches Core Grouting Services
Business & Finance

Acteon Launches Core Grouting Services

Core Grouting Services, an Acteon company, is a new addition to Acteon’s operating company portfolio. Core is a specialist provider of grouting services for foundations on oil and gas platforms and offshore wind farms. Core’s grouting capability allows Acteon to offer a complete suite of offshore fo

about 12 years ago
France Aims for Better Deal with GE
Business & Finance

France Aims for Better Deal with GE

The French government has opposed General Electric’s (GE) current bid of USD 16.9 billion for Alstom, describing it as “not good enough.“ In a letter to the American company, French economy minister Arnaud Montebourg wrote: “As it stands, we unfortunately cannot support the proposals you have made.“

about 12 years ago
Principle Power Scores Twice
Business & Finance

Principle Power Scores Twice

Principle Power, Inc. welcomed the U.S. Department of Energy’s (DOE) selection of the WindFloat Pacific project for $47 million in matching grant funding, and deal with Deepwater Wind to complete the development of the WindFloat Pacific project. DOE funding will accelerate the development of the 30-

about 12 years ago
UMaine’s Offshore Wind Project Comes in Fourth
Business & Finance

UMaine’s Offshore Wind Project Comes in Fourth

The University of Maine’s offshore wind project known as New England Aqua Ventus was selected fourth after the U.S. Department of Energy announced the selection of three finalists for the next phase of its Advanced Technology Demonstration Program. Three of the six projects, all of which are at 50 p

about 12 years ago
Deepwater to Develop Floating Wind Farm
Business & Finance

Deepwater to Develop Floating Wind Farm

Deepwater Wind revealed plans to develop the West Coast’s first-ever offshore wind farm – a project poised to become the world’s first commercial project to use cutting-edge floating foundation technology. Deepwater Wind entered into an agreement several months ago with Principle Power to complete t

about 12 years ago
Dominion Welcomes Government’s Funding
Business & Finance

Dominion Welcomes Government’s Funding

Dominion Virginia Power has been awarded an additional $47 million from the United States Department of Energy (DOE) to help fund the construction of a 12-megawatt demonstration project, consisting of two 6-megawatt offshore wind turbines on innovative substructures that will produce enough electric

about 12 years ago
SCORE Grants £48K to Tidal Transit
Business & Finance

SCORE Grants £48K to Tidal Transit

Born from an established business offering day charter fishing trips from Brancaster Staithe, Tidal Transit developed into a crew transfer and marine survey vessel provider predominantly servicing the offshore wind sector. The latest addition to Tidal Transit’s fleet is being developed with SCORE fu

about 12 years ago
Bureau Veritas’ Type Certification of Wind Turbines to Comprise GL Guidelines
Business & Finance

Bureau Veritas’ Type Certification of Wind Turbines to Comprise GL Guidelines

Bureau Veritas has announced it has successfully extended its current COFRAC accreditation to undertake Type Certification of wind turbines and components to include the GL Guidelines. This development extends Bureau Veritas capability to offer certification services to clients in the wake recent ce

about 12 years ago
BSH Approves OWP West Project
Business & Finance

BSH Approves OWP West Project

Federal Maritime and Hydrographic Agency of Germany (BSH) has issued a construction and operating license for the OWP WEST offshore wind farm. The decision comes as a result of an eight-year approval process amid which extensive studies on marine safety, environmental protection, geology, as well as

about 12 years ago
Navitus Bay to Reimburse Local Companies’ Losses
Business & Finance

Navitus Bay to Reimburse Local Companies’ Losses

Navitus Bay developers are proposing to compensate losses that local marine businesses might incur due to the construction of the offshore wind farm. Campaigners fighting the project claim that this is a signal that the developers are acknowledging the project’s negative impacts on tourism, the BBC

about 12 years ago
Siemens’ Energy Division Profit Down 54 Pct
Business & Finance

Siemens’ Energy Division Profit Down 54 Pct

German conglomerate Siemens reported the second-quarter profit of €255 million for its energy business, which is 54% lower than in the same period last year. Some of the factors that contributed to this are charges of €48 million, caused by a malfunction of bearings in some onshore wind turbines, an

about 12 years ago
Siemens Restructures Its Business
Business & Finance

Siemens Restructures Its Business

Starting October 1, 2014, Siemens’ activities will be organized into nine Divisions. The Wind Power and Renewables Division will serve, among other things, the rapidly growing field of onshore and offshore wind power generation. As part of its realignment, Siemens AG has also named its future manage

about 12 years ago
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