The pressure on markets was undiminished in the first quarter, leading to fierce competition, price pressure and bankruptcies. The competition faced by capacity-driven markets in particular has been cut-throat. This market situation led in late 2012 to accelerated execution of the strategy of focusi
The Dillinger Hütte Group (Dillinger Hütte and its subsidiaries) performed well during the 2012 financial year in the face of difficult economic circumstances. Despite declines in production volumes and sales revenues (€ 2.5 billion compared to € 2.8 billion in the previous year), positive earnings
A new £15 million fund has been launched to support innovative solutions for the development of offshore wind turbine foundations, a key component in Scotland’s fast-growing offshore wind sector. The Scottish Innovative Foundation Technologies Fund, which is open to offshore wind foundation manufact
CAPE Holland has announced it has been awarded for a purchase contract for an APE Model 600 Tandem vibratory hammer set (Tandem Super Kong). For the installation of the Helwin 1 and BorWin 2 base frames, Seaway Heavy Lifting (SHL) will use the Tandem Super Kong to install a total of 16 piles with di
SgurrEnergy is providing expert advice and consultancy services to Scottish firms as part of its role in the Scottish Enterprise funded Offshore Wind Expert Support Programme. In partnership with Innovation Centres (Scotland) and Caithness Renewables, the Glasgow-based consultancy is supporting busi
Vattenfall and ScottishPower Renewables, joint venture partners behind the East Anglia Offshore Wind Zone, have awarded over £15m in contracts to businesses operating in East Anglia. Since 2010, 28 firms located in the region have benefited and it is estimated that this has helped support well over
A delegation from the port city of New Bedford, Massachusetts (United States) is currently visiting the sites of the German offshore industry in Cuxhaven and Bremerhaven, as we recently reported. The 40-member delegation will be informed about the industry directly from local companies in the follow
MPI Offshore announces the award of a charter party in respect of MPI Resolution by GeoSea N.V., subsidiary of the Belgian based DEME Group. MPI Resolution is scheduled to commence work on a series of GeoSea projects situated in the North Sea and Baltic Sea area as from the middle of June 2013 for a
SMart Wind, the joint venture between Mainstream Renewable Power and Siemens Financial Services, today announced the signing of Agreement for Leases (AfL) with The Crown Estate for Optimus Wind and Breesea, which together comprise the second phase of projects within the Hornsea Zone. Optimus Wind an
Euler Hermes Rating has given the wind farm project developer, PNE WIND AG a creditworthiness and sustainability rating of BBB- (equivalent to “investment grade”). With the realisation of the planned (foreign) projects and a corresponding stabilisation of income and cash flows, Euler Hermes Rating a
Vestas has signed a 10-year extension of the service contract for Eneco’s wind power plant Prinses Amaliawindpark (PAWP) in the Netherlands. The contract has a total capacity of 120 MW comprising 60 units of the V80-2.0 MW wind turbine. The contract is a 10-year service agreement extension with Vest
The Board of Directors of DONG Energy has today approved the interim financial report for the first quarter of 2013 with the following financial highlights and outlook compared with the first quarter of 2012: — First-quarter 2013 EBITDA was DKK 4.6 billion, up from DKK 3.6 billion in the first quart
Denmark’s national, new knowledge and innovation centre for the offshore sector has appointed Morten Basse Jensen as Divisional Director of the sustainable energy division Offshore Renewables, which will be part of the coming, new division. Morten Basse Jensen will begin in his job on May 1 and will
Press release: General Electric of the US and Vestas of Denmark were tied for pole position among turbine manufacturers in the world wind market in 2012 – a record year that saw 48.4GW of new capacity installed. Research by Bloomberg New Energy Finance, published for clients today, finds that a surg
