Business & Finance
RBS Recognised for Renewables Funding in UK and USA
RBS has earned double success as provider of finance for renewable energy projects in the UK and US, firmly establishing its position as a leading provider of products and services to the green energy industry. In the UK RBS has taken first position in the Infrastructure Journal’s league table of UK
USA: Helix to Acquire New Seabed Trencher and Work-Class ROVs from Forum Energy Technologies
Helix Energy Solutions Group’s Canyon Offshore subsea contracting business unit signed contracts for a new Perry XT 1500 Seabed Trenching System and two 200 horsepower Perry XLX work class ROVs, to be built by Forum Energy Technologies, Inc. The XT 1500 trencher will support Canyon Offshore’s Oil &
Seaway Heavy Lifting Wins Third Major Contract for Gwynt y Môr Offshore Wind Farm (UK)
Seaway Heavy Lifting (SHL) has won a new contract with Gwynt y Môr Offshore Wind Farm Limited to begin the second half of foundation installation off the North Wales coast. SHL’s crane vessel ‘Stanislav Yudin’ will go to Liverpool Bay in May this year to install the last 80 of the 160 monopile found
UK: Wirral Council Plans to Establish Offshore Wind Business Park
Wirral Council is proposing to buy a site on Campbeltown Road in Birkenhead, which has been assigned for a project to meet the offshore wind supply chain demand, Liverpool Echo informs. The four-acre site is situated next to the Cammell Laird site that currently has operations and maintenance sites
Germany: SIAG Rescued from Bankruptcy
SIAG Schaaf Industries CEO Andrew Seidl said that the company has been saved from bankruptcy, writes German Täglicher Hafenbericht. The company announced bankruptcy last year in October. At the creditors’ meeting, which was held on Wednesday, a reorganization plan was approved. This decision has ter
Germany: Windreich under Investigation
On March 5, police searched the headquarters of the German wind developer Windreich, which is under investigation by the Stuttgart Public Prosecution Office, Frankfurter Allgemeine Wirtschaft reports. The Stuttgart Prosecution Office is investigating the wind farm developer, suspected of balance she
Offshore Energy Developers Will Cooperate with Local Firms with Reasonable Price (UK)
Big offshore energy industry players, gathered at the SNS2013 conference (South North Sea) at the Norfolk Showground organized annually by the East of England Energy Group (EEEGR), said that they wanted to cooperate with local firms and communities to boost job opportunities in the offshore energy s
Ireland: TechWorks Marine Wins EUR 670,000 ESA Renewable Energy Contract
The Minister for Communications, Energy and Natural Resources, Mr Pat Rabbitte TD, congratulated Irish SME, TechWorks Marine, yesterday afternoon (Thursday 7 March 2013) in Dun Laoghaire on securing a European Space Agency (ESA) funded contract to the value of €670,000. The project, which was secure
UK: Offshore Marine Management Restructures
Offshore Marine Management Ltd (OMM), the UK’s independent services provider to the renewables, telecoms and hydrocarbon industries, has commenced a restructuring programme to centralise its core business and all support functions around its operational base in Cambridge. OMM has always been known a
The Netherlands: R. Malizia Resigns from Ballast Nedam’s Board of Management
In view of a difference of opinion regarding policy, and having consulted the Supervisory Board, Mr R. Malizia (56) has decided to resign with immediate effect as a member of the Board of Management of Ballast Nedam. Mr Malizia has held various positions at Ballast Nedam for some considerable time,
DeepOcean Secures EUR 125 Million Senior Credit Facility
The DeepOcean Group announced it has secured a new €125 million senior credit facility. The agreement consists of a €95 million senior secured revolving credit facility including an ancillary feature for performance guarantees and a €30 million senior secured term loan facility. Both the revolving c
Germany: RWE’s EBITDA Up 10 Pct
Despite difficult market conditions, RWE AG had a good financial year in 2012. The energy company achieved an EBITDA of EUR 9.3 billion and an operating result of EUR 6.4 billion – both up 10% on the previous year and therefore higher than the outlook published in March 2012. Revenue increased to EU
Voith Hydro Shuts Down Its Scottish Wave Business
Voith Hydro has decided to shut down its wave power business in Inverness, Scotland and to “pool the Know-How at the company’s engineering centre in Heidenheim, Germany”, the Scotsman cites company’s spokesman. Decision to close its wholly owned subsidiary Wavegen is part of a plan for reorganizatio
Germany: Seafox Group Successfully Starts Operations in Offshore Wind Industry
After months of careful planning and detailed engineering, the Seafox 5 installed the first offshore wind monopile on February 28th. These monopiles serve as the foundations of the DanTysk Offshore Wind Park. The main contractor for the foundations of this wind farm is Aarsleff Billfinger Berger Joi