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Business & Finance

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Offshore Energy 2013: EWEA Leads the Fight for 2030 Binding Renewable Energy Target
Business & Finance

Offshore Energy 2013: EWEA Leads the Fight for 2030 Binding Renewable Energy Target

At this year’s Offshore Energy exhibition and conference in Amsterdam, Offshore WIND had a conversation with Anne-Bénédicte Genachte, Corporate Relations Manager at the European Wind Energy Association (EWEA), which is pushing for the 2030 binding renewable energy target. Offshore WIND: As we are al

about 13 years ago
Sabik’s Newly Established Company to Supply OWF Signalization to UK Operators
Business & Finance

Sabik’s Newly Established Company to Supply OWF Signalization to UK Operators

Sabik Group, headquartered in Finland, has established a new company in the United Kingdom to enhance the worldwide distribution of the Carmanah/Sabik Marine Aids to Navigation. Sabik, a specialist in the marking of offshore wind farms, will be supplying the UK operators with a full solution includi

about 13 years ago
Bremen Shares Offshore Wind Know-How with New Bedford, USA
Business & Finance

Bremen Shares Offshore Wind Know-How with New Bedford, USA

A delegation from Bremen visited New Bedford last week and met with the city’s officials to discuss Bremen’s experience and possible cooperation in the offshore wind logistics branch. The delegation was membered by Jens Eckhoff, president of the Foundation for Offshore Wind Energy; Frank Dreeke, CEO

about 13 years ago
PNE WIND Significantly Extends Its Offshore Wind Project Pipeline in Q3
Business & Finance

PNE WIND Significantly Extends Its Offshore Wind Project Pipeline in Q3

PNE WIND AG has issued its financial results for the first nine months of 2013, and stated that this period of the financial year was characterised by the setting of a decisive operational course. During this period, the PNE WIND successfully concluded the biggest capital transaction in the company’

about 13 years ago
Elia Seeks Offshore Substation Supplier for Belgian Offshore Grid Project
Business & Finance

Elia Seeks Offshore Substation Supplier for Belgian Offshore Grid Project

Elia Asset NV is looking for a supplier of a high-voltage offshore substation for its Belgian Offshore Grid (BOG) project. The work includes the design, engineering, supply, construction, installation and commissioning of the offshore substation. Also, the contract may incorporate the operation, mai

about 13 years ago
IER: N.J. Offshore Wind Project Reveals True Cost to Taxpayer
Business & Finance

IER: N.J. Offshore Wind Project Reveals True Cost to Taxpayer

The Institute for Energy Research (IER), based in Washington, D.C., recently published an article on offshore wind energy’s financial viability in New Jersey, appraised through Fishermen’s Atlantic City Windfarm (FACW) project, which had been rejected by the New Jersey Board of Public Utilities (BPU

about 13 years ago
ABS Appoints New Chief Scientist for CFD (USA)
Business & Finance

ABS Appoints New Chief Scientist for CFD (USA)

ABS has announced that it has appointed Dr. Richard Korpus as Chief Scientist, Computational Fluid Dynamics (CFD). Mr. Korpus will support the Chief Technology Officer (CTO) and the organization through his focus on developing and applying CFD technology. “We see technology as the road forward,” say

about 13 years ago
Statkraft Releases Q3 Results
Business & Finance

Statkraft Releases Q3 Results

Statkraft published its Q3 results today, which show that in the third quarter of 2013 the company achieved an underlying1 operating profit before depreciation (EBITDA) of NOK 1867 million, an improvement of NOK 614 million compared with the corresponding quarter in 2012. Unrealised currency effects

about 13 years ago
Germany: Siemens’ Wind Division Generates EUR 178 Million in Profit
Business & Finance

Germany: Siemens’ Wind Division Generates EUR 178 Million in Profit

Siemens’ wind power business has generated €179 million in profit, show the company’s fiscal 2013 results for the fourth quarter. Comparing to the same period last year profit rose 34%, mostly by increased installation of offshore wind farms in Europe, while the revenue rose 10% year-over-year due p

about 13 years ago
EMEC to Support Development of Wave, Tidal Test Site in Singapore
Business & Finance

EMEC to Support Development of Wave, Tidal Test Site in Singapore

The European Marine Energy Centre (EMEC) will support the development of a marine energy test site in Singapore. The EMEC, based in Orkney, Scotland and the Energy Research Institute at Nanyang Technological University (ERI@N), Singapore, signed a Memorandum of Understanding on November 1. Under the

about 13 years ago
Fundy Tidal to Attract Investment for Community Projects (Canada)
Business & Finance

Fundy Tidal to Attract Investment for Community Projects (Canada)

Fundy Tidal Inc. announced yesterday that it is set to attract local investment for community projects, as it has successfully completed its Community Economic Development Investment Fund (CEDIF) Offering. “In so doing the company is confirmed as an eligible proponent under the Province of Nova Scot

about 13 years ago
GBP 3 Million Investment to Reduce Offshore Wind Consenting Risks
Business & Finance

GBP 3 Million Investment to Reduce Offshore Wind Consenting Risks

The Crown Estate, Marine Scotland and Department of Energy and Climate Change (DECC) have commissioned the Carbon Trust’s Offshore Wind Accelerator (OWA) to form the Offshore Renewables Joint Industry Programme (ORJIP). The programme has been created to reduce the consenting risks for large-scale of

about 13 years ago
Japan Setting the Scene for Offshore Wind Development
Business & Finance

Japan Setting the Scene for Offshore Wind Development

As Japan’s shift to renewable energy gears up after the Fukushima disaster, the country is progressively pushing for offshore wind power, having in mind that its onshore wind capacities are rather limited. The Ministry of Economy, Trade and Industry (METI) announced on Friday that it will establish

about 13 years ago
AREVA and KEPCO to Cooperate in Renewable Energy Sector
Business & Finance

AREVA and KEPCO to Cooperate in Renewable Energy Sector

AREVA and South Korea’s largest utility, KEPCO, have signed a Memorandum of Understanding (MOU) in the renewable energy sector. AREVA will identify with KEPCO the commercial opportunities in its fields of expertise in renewable energy: offshore wind, energy storage, concentrated solar power, and bio

about 13 years ago
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