The ongoing COVID-19 pandemic affected Siemens Gamesa’s operations and commercial activity, leaving a EUR 56 million mark on the company’s profitability in its second quarter of the fiscal year 2020 (January–March). Siemens Gamesa adjusted its operations to employ COVID-19 health and safety measures
DEME is currently looking for a replacement vessel for the installation of Moray East jacket foundations, following the crane accident onboard the installation vessel Orion. The company is considering both the vessels in its own fleet and externally to carry out the installation of Moray East jacket
The Danish Energy Agency (DEA) has launched the public consultation period regarding the new environmental impact assessment (EIA) reports for the Vesterhav Syd and Vesterhav Nord nearshore wind farms. Interested parties are free to submit responses and comments on the new environmental impact repor
The second phases of the East Anglia One and Hornsea One offshore wind projects in the UK have begun receiving payments under their Contracts for Difference (CfDs). This means that 285 MW from East Anglia One and 400 MW from Hornsea One have passed their Operational Conditions Precedent (OCPs) and a
Abu Dhabi-based Gulf Marine Services (GMS) has turned down a USD 32 million takeover offer from Seafox International saying that the offer ”fundamentally undervalues GMS”. As reported earlier, Seafox submitted an unsolicited and non-binding possible cash offer for the entire issued and to be issued
Sparrows Group has achieved the United Kingdom Accreditation Service (UKAS) accreditation for its global offshore and onshore inspection activities. Sparrows has been accredited for the provision of thorough examination of lifting equipment under LOLER 98, inspection of work equipment under PUWER 98
The Netherlands-based C-Ventus Offshore Windfarm Services BV has started the setup of a new branch office in Taiwan, as well as branch developments in Japan. The company currently operates on 17 Offshore Windfarms in six countries and is looking to expand its foothold beyond Europe. C-Ventus has als
The offshore wind farms developed and owned by Spain-based Iberdrola have produced 1,119 gigawatt-hours (GWh) during the first quarter of 2020. Iberdrola’s total installed offshore wind capacity stood at 1,174 MW on 31 March. In the United Kingdom, the company’s offshore wind farms generated 680 GWh
Dutch jack-up owner and operator Seafox has placed an unsolicited and non-binding proposal to acquire the Gulf Marine Services PLC (GMS). Seafox made a possible cash offer for the entire issued and to be issued share capital of GMS by a wholly-owned subsidiary of Seafox, at a value of USD 0.09 per G
Innogy has launched a recruitment process for a new wind turbine technician apprenticeship dedicated to the Triton Knoll offshore wind farm. The recruitment drive comes as innogy pilots a national apprenticeship hub at Coleg Llandrillo, part of Grŵp Llandrillo Menai, in North Wales, where 30 apprent
The Horns Rev 3 offshore wind farm has driven up the figures in Vattenfall’s wind business unit’s results for the first quarter of 2020. Namely, the company has reported an increase in net sales and underlying operating profit for its Wind Business Area. The significant Q1 earnings improvement is a
Ørsted’s offshore wind development projects in the US are moving forward at a slower pace than originally expected, the company’s CEO and President Henrik Poulsen said. The delays are due to a combination of the Bureau of Ocean Energy Management’s (BOEM) prolonged analysis of the cumulative impacts
Leading offshore wind developer Ørsted reported an operating profit (EBITDA) of DKK 6.8 billion (EUR 912 million) for the first quarter of 2020, a 33 percent increase compared to the same period the year before. Net profit amounted to DKK 3.3 billion and return on capital employed (ROCE) came in at
Masdar Energy UK, a wholly-owned subsidiary of Masdar, has refinanced its stake in the 630 MW London Array offshore wind farm in the UK. The refinanced debt totalled approximately GBP 466 million in commercial bank debt, maturing in December 2032. Original financing for the project closed in October
