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Business & Finance

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Semco Maritime Expands Offshore Wind Offering
Business & Finance

Semco Maritime Expands Offshore Wind Offering

Semco Maritime has added a new business area dedicated to concept and feasibility studies for offshore wind projects. Semco Maritime has provided EPC solutions for offshore high-voltage substations, in cooperation with long-term partners Bladt Industries and ISC Consulting Engineers, as well as serv

about 7 years ago
Boston Energy Homeports in Rhode Island
Business & Finance

Boston Energy Homeports in Rhode Island

UK wind turbine maintenance company Boston Energy will make Rhode Island the home of its US operations, the Rhode Island Governor Gina Raimondo announced. The Board of the Rhode Island Commerce Corporation has also approved Boston Energy to receive tax credits under the Qualified Jobs Tax Credit pro

about 7 years ago
Senvion Finalizing Sale of Certain Core Business Parts
Business & Finance

Senvion Finalizing Sale of Certain Core Business Parts

Hamburg-based wind turbine manufacturer Senvion has received several advanced offers for various substantial core parts of its business. Senvion is entering final stages of the mergers and acquisitions process and will present the investor concepts to the creditors’ assembly for a vote on 10 Septemb

about 7 years ago
Titan Wind Energy Buys Ambau Facility in Cuxhaven
Business & Finance

Titan Wind Energy Buys Ambau Facility in Cuxhaven

Titan Wind Energy has acquired an Ambau GmbH facility in Cuxhaven in Germany, marking the company’s entry into the offshore wind turbine foundations manufacturing market. Titan Wind Energy is a global supplier of towers for onshore wind turbines, having its European headquarters in Varde, Denmark, u

about 7 years ago
DNV GL Launches US Offshore Wind Certification Office
Business & Finance

DNV GL Launches US Offshore Wind Certification Office

DNV GL Launches US Offshore Wind Certification OfficeDNV GL has established a renewables certification office in the U.S. to meet the demands for offshore wind certification services. DNV GL selected its office in Medford, Massachusetts, as the base for the U.S. Renewables Certification group, due t

about 7 years ago
Better Risk Backs Triton Knoll UXO Work
Business & Finance

Better Risk Backs Triton Knoll UXO Work

The UK-based Better Risk has begun providing unexploded ordnance (UXO) risk management support for the Triton Knoll offshore wind farm in the UK. Better Risk is providing quality assurance of planned explosive risk-management support throughout the project lifecycle, while James Fisher Marine Servic

about 7 years ago
US Offshore Wind Pipeline Tops 25.8GW
Business & Finance

US Offshore Wind Pipeline Tops 25.8GW

The US offshore wind energy project development and operational pipeline grew in 2018 to an estimated potential generating capacity of 25,824MW, according to a report issued by the US Department of Energy (DOE). The overall size of the US offshore wind pipeline grew by 1.4% in 2018, from 25,464MW to

about 7 years ago
US East Coast Offshore Wind Target Tops 19GW
Business & Finance

US East Coast Offshore Wind Target Tops 19GW

States along the US East Coast are seeking to procure more than 19,300MW of offshore wind capacity through 2035, according to an analysis from S&P Global Market Intelligence and S&P Global Platts. Legislation, regulation and, now, approved power purchase agreements are encouraging the development of

about 7 years ago
Windhoist Undergoes Ownership Change
Business & Finance

Windhoist Undergoes Ownership Change

STAR Capital Partnership, a European fund manager, has acquired the UK-based wind turbine installation contractor Windhoist Holdings. STAR carried out the investment by its EUR 800 million Fund III. The parties have not disclosed the financial details for the transaction. Tim Adams has been selected

about 7 years ago
BAM Exits Offshore Wind Foundations Market
Business & Finance

BAM Exits Offshore Wind Foundations Market

Dutch construction-services business Royal BAM Group nv is exiting its activities in the offshore wind foundations market as part of an ongoing portfolio review. BAM announced the decision in its results for the first half of 2019 where the Bunnik-headquartered group also reported an impairment char

about 7 years ago
Global Renewables Shipbrokers Enters South Korean OW Market
Business & Finance

Global Renewables Shipbrokers Enters South Korean OW Market

The German Global Renewables Shipbrokers (GRS) has entered into a strategic partnership with South Korea’s consultancy SerFac for offshore wind development in South Korea. GRS provides consultancy and shipbroking services for the offshore wind, wave and tidal energy sectors, while SerFac is a wind p

about 7 years ago
Hywind Tampen Secures Enova Funding
Business & Finance

Hywind Tampen Secures Enova Funding

Equinor has secured funding of up to NOK 2.3 billion (circa EUR 231.5 million) from Enova for the Hywind Tampen floating wind project in Norway. “The support that the licences have received for the Hywind Tampen project demonstrates the will of Norwegian authorities to invest in and develop floating

about 7 years ago
Boskalis Feels Offshore Wind Crunch
Business & Finance

Boskalis Feels Offshore Wind Crunch

Dutch offshore services provider Boskalis has reported a significant decline in the operating result at the Offshore Energy division in the first six months of 2019 caused mainly by operational and contractual issues on a limited number of offshore wind cable projects. The operating result at the Of

about 7 years ago
Canadian Offshore Wind Project Moves Forward
Business & Finance

Canadian Offshore Wind Project Moves Forward

NaiKun Wind Energy Group has signed an indicative offer with an offshore wind developer to develop the NaiKun offshore wind project in British Columbia, Canada. The parties are working to negotiate and sign a definitive agreement in the next few weeks, which will provide technical expertise, dedicat

about 7 years ago
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