Business & Finance
USA: New Jersey Could Divert Offshore Wind Funds
State of New Jersey is a leading place for offshore wind development, since it has rather shallow waters and generous wind resources. However, the state now copes with certain financial issues regarding revenues that are targeted to offshore wind projects for generating electricity. Fears have been
Norway: Bonheur’s EBITDA Drops to USD 170 Million
As a consequence of Bonheur ASA holding more than 50% of the shares of Ganger Rolf ASA, Ganger Rolf ASA is fully consolidated for accounting purposes as a subsidiary of Bonheur ASA. As Bonheur ASA and Ganger Rolf ASA have a joint ownership of their most important investments, the ownership structure
Denmark: DONG Signs Framework Agreement with Siemens
DONG Energy and Siemens Energy have today signed a framework agreement on the supply and servicing of a total of 300 offshore wind turbines of 6 megawatt each, giving a total capacity of 1,800 megawatt. The turbines will be installed at selected DONG Energy offshore wind farms in the UK in the perio
Australia: South Boats Chooses Arctic Steel Water Strainers for Workboats
South Boats, Britain’s flagship work boat builder, has chosen to fit Marine OEM Supply´s Arctic Steel water strainers to provide clean cooling water to the high performance engines powering their workboats. The high spec vessels, built to DNV certification, demand the absolute best from the equipmen
ScottishPower Board Approves Plans for New Glasgow City Centre HQ
Following approval yesterday by the Board of Directors, ScottishPower has today outlined plans to develop a new 14 storey office headquarters in Glasgow City Centre. The 220,000sq ft development will support the Company’s continued UK growth, acting as a hub for delivering the significant planned UK
Elia to Invest EUR 3 Billion in Grid and Offshore Wind Farm Development
Due to the fact that Elia, transmission system operator in Belgium and Germany, is legally obligated to connect offshore wind turbines to the grid, the company is planning to invest 3 billion euros in grid development over the next 10 years, writes Trends news portal. Jacques Vandermeiren, the newly
ScottishPower Names New Member to Board of Directors
Iberdrola and ScottishPower Chairman Ignacio Galán today announced that Professor Susan Deacon has been appointed as a Non Executive Director to the Board of ScottishPower Limited. Professor Deacon was until recently Non-Executive Chairman of the ScottishPower Renewables Board, which has now been re
UK: Parker Hannifin Corporation Acquires Olaer Group
Parker Hannifin Corporation, the global leader in motion and control technologies, yesterday announced that it has successfully completed its previously announced agreement to acquire the Olaer Group headquartered in Deeside, United Kingdom. Terms of the transaction were not disclosed. The Olaer Gro
EU Offshore Wind Capacity Up 50 Pct
132 new offshore wind turbines, totalling 523.2 megawatts (MW) were fully grid connected in Europe in the first six months of 2012. This is a 50% increase compared to the same period in 2011 when 348.1 MW were installed. “50 per cent more offshore wind power capacity was installed in Europe in the f
Israel: SDE Company Negotiates to Sell Control of Company for USD 10 Million
SDE Company negotiates the sale of control with a number of factors, including leading companies in the medical industry and in the automobile industry. The car industry market is saturated and the medical market is saturated as well. The competition between many companies in these fields created th
Eurotech Benelux, Jan de Nul to Manufacture Anchor Cages for Swedish Offshore Wind Farm
Eurotech Benelux has teamed up with Jan de Nul Group for the winning bid to design and manufacture sixteen anchor cage structures for a major offshore wind farm. The wind farm, in the Swedish region of the Baltic Sea, will be owned and run by E.ON Sweden. Eurotech Benelux is creating the anchor-bolt
UK: Extended Contracts Help Tidal Transit on Way to Reach GBP 1 Million Turnover
Tidal Transit has secured two contracts for offshore wind crew transfer for the Greater Gabbard and the Sheringham Shoal offshore wind farms, which helped the company on its way to reach GBP 1 million turnover in 2012. An additional GBP 275,000 came from the contracts´ extension signed just a few da
SeaRoc to Install Narec´s Offshore Anemometry Hub in Blyth, UK
The National Renewable Energy Centre (Narec) has awarded a multi-million pound contract to SeaRoc to install its Offshore Anemometry Hub. The research facility will be installed 3 nautical miles off the coast of Blyth, Northumberland next to the proposed nearest shore array of the 100MW capacity Bly
UK: Stable Government´s Support Could Build 3,600 Turbines by 2020
Bloomberg forecasts that out of the largest collection of offshore wind farms, planned by the European Union to be placed in the North and Baltic Seas, 3,400 wind turbines will be operational by 2015 and 3,600 more by 2020, subject to stability of the government´s support. The offshore wind industry