Business & Finance
E.ON Backs Down from Pelamis Wave Energy Project (UK)
E.ON is withdrawing from Pelamis Wave Power’s wave energy project in Orkney and has decided to focus on wind, biomass and solar energy instead of marine renewables. Triggered by rather slow progress of wave technology, the company said that more mature technologies in renewable energy will be the fo
Europe Straying Off Course to Meet Offshore Wind Targets, New Report Says
A report into the state of Europe’s offshore wind sector by international law firm Freshfields Bruckhaus Deringer has revealed how uncertainty around subsidies and the need to unlock new capital are holding back investment in the development of European offshore wind farms. The report ’European Offs
Bladt to Supply Nordsee Ost Platform (Germany)
The German energy company RWE has chosen Bladt Industries to design and fabricate the platform for its offshore wind farm Nordsee Ost. With its approximately 2,000 tonnes, this platform is the same size as the platform for the Borkum Riffgrund 1 offshore wind farm, which is currently in the process
11th Substation from Bladt Industries Successfully Installed (Belgium)
During the last 18 months, a team from Bladt has been busy with the EPCI project for the Northwind Offshore Substation. Today, they can reap the benefits of their hard work as the substation has been installed successfully. The installation had to wait a few days due to bad weather conditions, but y
UK: GIB Seeks Energy Consultancy and Related Services
The UK Green Investment Bank plc (GIB) is seeking to appoint a panel of appropriately qualified and experienced consultants and providers of technical and other specialist due diligence advice and advisory services to be available to assist GIB in connection with a range of specialist financing tran
Denmark: Energinet.dk Calls Pre-Qualification Tenders for Horns Rev 3 Cabling Work
Energinet.dk would like to pre-qualify a number of tenderers to deliver the HV cables for the Horns Rev 3 Offshore Wind Farm. Energinet.dk intends to pre-qualify up to 5 tenders per lot: Lot no. 1: Submarine cable transportation and laying; Lot no. 2: Delivery and installation of beach cable; Lot no
Siemens Names New CEO of Its Wind Power Division (Germany)
Markus Tacke has been appointed CEO of Siemens Energy Sector’s Wind Power Division. The forty-eight year old Tacke will take the helm August 1, 2013. He succeeds Felix Ferlemann who, at 53, is leaving the company by mutual agreement to pursue new career challenges. Until now, Tacke has been CEO of t
The Netherlands: Indofin Group Acquires Majority Stake in IHC Merwede
Indofin Group, an investment company owned by the De Bruin family, has acquired a majority shareholding of 62% in IHC Merwede. Rabo Capital (10%) and IHC Merwede management and staff (28%) are the other principal shareholders. Indofin has obtained this significant stake in IHC Merwede by partially t
GBP 10 Million Fund Launched to Help Companies Bid for Work (UK)
A £10m fund, backed by the Government, has been launched by Tees Valley Unlimited (TVU) to help companies bid for work to further strengthen the local economy. The Tees Valley Catalyst Fund is the first of its kind anywhere in the UK and is uniquely available to Tees Valley companies and projects. I
German KfW Financing Two Offshore Wind Farm Installation Ships
KfW IPEX-Bank has arranged the financing for two offshore wind farm installation ships for the Norwegian shipping company Fred. Olsen Windcarrier AG. The overall financing volume amounted to EUR 145 million. Of this amount, EUR 85 million was provided by KfW IPEX-Bank itself and EUR 60 million by it
UK: Ofgem Announces Shortlist for West of Duddon Sands Transmission Assets
Ofgem has announced a shortlist of four bidders competing to own and operate the offshore transmission links to the West of Duddon Sands windfarm. Shortlisted bidders go through to the final bid stage where Ofgem will appoint the Offshore Transmission Owner (OFTO) to own and operate the £311m transm
Marine Renewables Specialist Joins Invest in Cornwall (UK)
Invest in Cornwall, a service of Cornwall Development Company (CDC), has announced the appointment of Amanda Pound to the position of Marine Renewables Business Development Specialist. Amanda will be instrumental in attracting inward investment and will support growth and the global promotion of the
Offshore Wind Advancement Requires Bigger, Improved Vessels (UK)
As developers and utilities construct, develop and deploy offshore wind turbines in increasingly isolated locations, vessel operators must challenge established industry thinking and rapidly respond to charter feedback, if they are to win future work. This will require a commitment to invest in equi
Denmark: Port of Esbjerg Opens New Østhavn Harbour
The Port of Esbjerg’s new Østhavn (“East Harbour”) opened on Friday, 21 June. This 650,000 square metre expansion of the harbour will consolidate Esbjerg’s position as the leading North Sea port for the wind turbine industry and increase its potential to develop and grow other business areas. The op