Business & Finance
Dong Energy Browsing Locations for Race Bank Construction Base
At a recent official launch of the Race Bank offshore wind farm project in Sutton Bridge, Dong Energy confirmed that it is looking for a suitable location for the project’s base, which could create 90 direct jobs. Robert Thornhill, Dong Energy’s project development manager said that the company coul
DECC Creates Interactive Map of Renewables Investment and Jobs
The UK Department of Energy and Climate Change (DECC) published a new Energy Investment Report at the end of April. Since 2010, investment worth more than £45 billion has been secured in electricity infrastructure alone – the majority of this investment has been in renewable technologies. According
La Caisse Invests in London Array
One of Canada’s leading financial institutions has joined the international partnership behind London Array. La Caisse de dépôt et placement du Québec (La Caisse) has taken a 25 per cent share in the offshore wind farm after buying half of DONG Energy’s 50 per cent holding. The other shareholders ar
Dong Energy to Organize Two ‘Meet the Buyer’ Events for Burbo Bank Extension
Dong Energy’s team will host two “Meet the Buyer” exhibitions about the supply chain opportunities for Burbo Bank Extension Offshore Wind Farm. The events will provide an opportunity to meet senior members of Dong Energy’s procurement and project teams to discuss opportunities that may exist in the
Nenuphar Cashes in €15 Mln
Nenuphar SA, a Lille-based company, has secured €15 million of funding in an equity round. The transaction has attracted participation of new investors, Areva S.A. and FCPR Ecotechnologies and an existing investor, IDInvest Partners. Each partner will individually invest €5 million in the transactio
Heerema Showcasing at OTC in Houston
Heerema Fabrication Group (HFG) and Heerema Marine Contractors (HMC) are taking part in this year’s Offshore Technology Conference (OTC). The conference is running from 5-8 May at Reliant Park in Houston, where Heerema companies can be found at booth 2317. The company’s latest project in the offshor
Offshore Wind Brings Revenue Growth to Bonheur ASA
Bonheur ASA, a specialist in shipping, offshore drilling, renewable energy and cruise, has released its Annual Report for 2013. In 2013, the Group of companies experienced increased revenues compared to the previous year and the overall financial position continued to be satisfactory. High revenue g
Ulstein to Design New Offshore Accommodation Vessel
Ulstein Sea of Solutions (USOS) has been awarded the design contract for the CASCO Enabler, a high specification DP3 800 POB monohull accommodation vessel by CASCO Offshore, a specialized accommodation subsidiary of the TMA Group. With this contract Ulstein enters into a new offshore market segment.
Assisted Area Status to Help New Anglia LEP’s Energy Sector Plans
New Anglia Local Enterprise Partnership (LEP) has welcomed confirmation that Great Yarmouth, Lowestoft and parts of Ipswich have been included in the Government’s final Assisted Area Status (AAS) map. AAS is granted to less prosperous local economies and enables businesses in those areas to benefit
MHI Vestas Offshore Wind Could Build Factory in Hull?
Hull could become a hub for offshore wind manufacturing facilities, judging on the claims that the newly formed company between Mitsubishi Heavy Industries (MHI) and Vestas could build its wind turbine factory in the city. It has been just a little over a month since Siemens decided to invest a larg
UK’s Local Businesses to Get EU Funding
The UK government has confirmed which parts of the country have successfully won Assisted Area status. The status makes local businesses eligible to bid for additional funding and tax breaks to create jobs, invest in new premises or machinery and grow. Manufacturing centres including Derby, Huddersf
Seawork Participants to Learn More about BIMCO’s Windtime
Grant Hunter and Mark Meade will participate in this year’s Seawork conference on 12 June, where they will give an insight in BIMCO’s Windtime, a specialized time charter party designed for the offshore wind farm sector. Windtime was specially developed for crew transfer vessels and the like operati
Pelamis Wave Power Eyeing Loch Eriboll as O&M Base
Pelamis Wave Power (PWP) plans to explore the possibilities of locating their project maintenance facilities at Loch Eriboll, as the company has a license for a 10MW site in the Pentland Firth at Farr point. Durness Development Group Limited (DDG) are proposing to build a community owned Harbour and
Offshore Turbine Services Acquires Two More CTruk Vessels
Since launching three years ago, Pontrilas-based Offshore Turbine Services (OTS) has gone from strength to strength with a refined offering of reliable and efficient crew, fuel, cargo and equipment transfer services to offshore wind turbines, substations and other offshore developments requiring mar