Business & Finance
SHE Transmission Awards MMT with Cable Route Survey Contract (UK)
Scottish Hydro Electric Transmission plc (SHE Transmission) has awarded MMT Sweden the HVDC cable re-route survey from Shetland to the Caithness landfall. SHE Transmission, which is part of the SSE Group, is planning to install a HVDC cable system between Shetland and Caithness, on the Scottish main
ABS Relocates Northern European Marine Operations to Hamburg, Germany
ABS, a leading provider of global classification services, has announced it will relocate its Northern European regional marine operations office from London to Hamburg, Germany. “This relocation is part of ABS’ ongoing effort to place our frontline decision makers closer to our clients and be more
Germany: HEAG Could Sell Stake in HSE to Fund New Purchases
HEAG Holding AG intends to sell a part of its stake in HEAG Suedhessische Energie AG (HSE), which would reduce its ownership from 93% to 60% in the utility that has a 25% stake in the Global Tech I offshore wind project, according to Bloomberg. The company could sell its planned percentage to local
Foreign Firms to Earn GBP 120 Billion on UK’s Offshore Wind Bills
Foreign companies will earn up to GBP 120 billion by 2020 on British subsidies for offshore wind, the Renewable Energy Foundation (REF) claims. This will be done through burdening consumers’ electricity bills. According to REF, owners of nine new UK’s large-scale offshore wind farms, which are expec
Forewind Appoints Former UK Energy Minister as New Chairman
Forewind has today announced the appointment of former Energy Minister Charles Hendry MP as its new chairman. With the Government committed to an ambitious target of 15% renewable energy consumption by 2020, Forewind intends to secure all the necessary consents required for the construction and deve
UK: Severn Barrage Could Be Cheaper than Offshore Wind
On 30th January, Hafren Power – which plans to build an 18km (11 mile) tidal power station across the Severn Estuary to generate zero carbon electricity – pledged to work with all stakeholders to protect ports and wildlife. Tony Pryor, Hafren Power’s Chief Executive, said: “We will deliver green, sa
Ireland: Research and Markets Adds ‘Analysis of Vestas Wind Systems’ to Its Offering
Research and Markets has announced the addition of the “Analysis of Vestas Wind Systems” company profile to its offering. Vestas Wind Systems is a Denmark based wind power systems company with an installed power capacity of 50,000 MW. The company addresses three business segments namely manufacturin
Denmark: Bladt Leading Supplier of Offshore Substructures, EWEA’s Report Says
Bladt has been announced the leading supplier of offshore substructures in EWEA’s annual report on key offshore trend statistics for 2012 – and with good reason. In 2012, it successfully completed some of the world’s largest offshore wind foundation projects with the London Array and Anholt offshore
Prosecutor Brings Charges against Former Beluga Shipping CEO (Germany)
The Bremen Prosecutor’s Office announced that it has filed charges against former Beluga CEO Niels Stolberg for alleged credit fraud in 16 cases, the FinanzNachrichten reports. The Beluga Shipping’s founder is accused of lying to banks that were issuing loans for financing newbuildings during 2006-2
Germany: PNE WIND Receives Further Milestone Payment from ‘Gode Wind’ Sale
The wind farm project developer, PNE WIND AG, has received a further milestone payment amounting to EUR 25 million from the sale of the offshore wind farm projects, “Gode Wind” I to III. The prerequisite for this payment was the creation and handover of a foundation ground expertise for the Danish e
Denmark: DONG Energy Further Expands Its Market Leadership
Every fifth offshore wind turbine in 2012 was built and operated by DONG Energy, the European Wind Energy Association (EWEA) indicated in the findings of its Offshore Report. Thus, the Danish company was able to further expand its market leadership in offshore wind. Last year, DONG Energy celebrated
France: Alstom Completes Acquisition of TGL from Rolls-Royce
Alstom has completed the acquisition of Tidal Generation Limited (TGL) from Rolls-Royce plc. In September 2012, Alstom announced that it had agreed to acquire TGL, which specialises in the design and manufacturing of tidal stream turbines, subject to the achievement of critical milestones including
Hydrosphere Launches New Light and Buoy Rental Service (UK)
With an increasing number of companies needing lights and buoys for short term projects or suffering budgetary constraints, the UK’s leading supplier of Aids to Navigation, Hydrosphere, is expanding to cater for demand with the launch of a new rental service. The new service is already proving popul
Jee Opens Office in London, UK
Jee Ltd, a leading subsea engineering and training firm, has achieved a significant growth milestone by opening the company’s first London office. Jee took the decision to open a central London office to aid the company’s overall growth strategy, which will see the firm create 150 jobs in the UK ove