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Business & Finance

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Jobs & RecruitmentR&DWind Farm Update
Northwester 2 Turbines to Feature 27-Year Maintenance-Free Fasteners
Business & Finance

Northwester 2 Turbines to Feature 27-Year Maintenance-Free Fasteners

Northwester 2 turbines will be secured to their foundations with super duplex fasteners designed to be maintenance-free throughout the 27-year turbine design life. The stainless studs, nuts and washers for the 219MW Belgian offshore wind farm have been delivered to Bladt Industries by Swedish manufa

about 6 years ago
ORE Catapult Plans Operations Base in Grimsby
Business & Finance

ORE Catapult Plans Operations Base in Grimsby

The Offshore Renewable Energy (ORE) Catapult has revealed plans to open a base of operations in Grimsby which would service the offshore wind sector. The announcement is part of ORE Catapult’s expansion plans in the Humber, which would create 50 to 70 jobs in the region in the next 10 years. With a

about 6 years ago
UK Export Finance Supports Formosa 2 with GBP 230 Million
Business & Finance

UK Export Finance Supports Formosa 2 with GBP 230 Million

UK Export Finance (UKEF) has provided an NT$ 9.2 billion (GBP 230 million) project finance guarantee to support the construction of the Formosa 2 offshore wind farm in Taiwan. As a result of the support, UK companies will be involved in the construction of the 376MW wind farm, helping unlock the exp

about 6 years ago
Shell Buys EOLFI
Business & Finance

Shell Buys EOLFI

Shell has signed an agreement to acquire French floating offshore wind developer EOLFI. The acquisition, subject to regulatory and ministerial approvals, is expected to be completed in December, after which EOLFI will be a wholly-owned subsidiary of Shell and will be fully integrated. Shell said it

about 6 years ago
Siemens Gamesa Order Book Breaks Record in FY 2019
Business & Finance

Siemens Gamesa Order Book Breaks Record in FY 2019

Siemens Gamesa has closed the fiscal year 2019 with a record order book of EUR 25.5 billion, a 12% increase year-on-year, as its order intake grew by 7.4% to EUR 12.7 billion. The Offshore unit registered double-digit growth of more than 10.9% due to new markets, mainly Taiwan, which contributed 1.5

about 6 years ago
Vattenfall’s Vice President of Offshore Wind Resigns
Business & Finance

Vattenfall’s Vice President of Offshore Wind Resigns

Vattenfall’s Vice President of Business Unit Offshore Wind Michael Simmelsgaard has decided to leave the company. Simmelsgaard, who joined Vattenfall in 2015, will continue his career outside the company. Head of Engineering Offshore Wind Jacob Nørgaard Andersen will take over the role as Danish Cou

about 6 years ago
Ørsted Issues Green Senior Bonds in Taiwan
Business & Finance

Ørsted Issues Green Senior Bonds in Taiwan

Ørsted has issued green senior bonds in Taiwan for the purpose of raising green financing for its investments in the local offshore wind sector. Ørsted has completed the pricing of new unsecured green senior bonds of nominal TWD 12 billion (circa EUR 342.6 million) in total comprising a 7-year TWD 4

about 6 years ago
GRS and COLI Join Forces for Offshore Wind in Japan
Business & Finance

GRS and COLI Join Forces for Offshore Wind in Japan

Global Renewables Shipbrokers (GRS) and COLI Schiffahrt & Transport have entered a strategic partnership that will see the two companies jointly offering services in the offshore wind market in Japan. “With COLI a competent and experienced partner in the field of break bulk and project cargo – espec

about 6 years ago
Offshore Wind Consultants Heads Down Under
Business & Finance

Offshore Wind Consultants Heads Down Under

International engineering consultancy Offshore Wind Consultants (OWC) is setting up an office in Australia. The International Energy Agency’s recently launched “Offshore Wind Outlook 2019” has identified more than 7,000TWh per year of offshore wind technical potential, roughly 2,000GW of capacity, i

about 6 years ago
USA: NREL Gets USD 5.7 Million for Floating Wind Turbine Research
Business & Finance

USA: NREL Gets USD 5.7 Million for Floating Wind Turbine Research

U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) has awarded USD 5.7 million in new funding to the National Renewable Energy Laboratory (NREL) for its activities in the field of floating offshore wind turbines. NREL will work as the prime contractor on three projects wit

about 6 years ago
Wikinger, East Anglia ONE Boost Iberdrola’s Numbers
Business & Finance

Wikinger, East Anglia ONE Boost Iberdrola’s Numbers

Spanish energy company Iberdrola’s offshore wind farms generated 1,493 GWh of electricity in the first nine months of 2019, a 37.9% increase compared to the same period last year. The increase is due to the 350MW Wikinger offshore wind farm’s contribution over the full nine-month period this year an

about 6 years ago
Ørsted and PSEG to Negotiate Stake Sale in New Jersey Offshore Wind Farm
Business & Finance

Ørsted and PSEG to Negotiate Stake Sale in New Jersey Offshore Wind Farm

Ørsted and Public Service Enterprise Group (PSEG), a New Jersey-based utility, will enter into exclusive negotiations for PSEG to potentially become an equity investor in Ørsted’s Ocean Wind project. Subject to negotiations toward a joint venture agreement, advanced due diligence and any required re

about 6 years ago
Ørsted Revises Offshore Production Forecasts Downward
Business & Finance

Ørsted Revises Offshore Production Forecasts Downward

Ørsted has revised its offshore wind production forecasts after concluding that the company’s current production forecasts underestimate the negative impact of the blockage effect and the wake effect. The blockage effect arises from the wind slowing down as it approaches the wind turbines. There is

about 6 years ago
New Capacity, Strong Winds Lift Ørsted
Business & Finance

New Capacity, Strong Winds Lift Ørsted

Ørsted has reported an operating profit (EBITDA) of DKK 12.9 billion (EUR 1.73bn) for the first nine months of 2019, up 19% compared to the first nine months of 2018, keeping the company ”well on track to deliver on our full-year guidance.” Earnings from offshore wind farms in operation increased by

about 6 years ago
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