Innogy has reported a 29% increase in adjusted EBITDA, to EUR 415 million, in its Renewables division in the first half of 2019, partly due to the Galloper offshore wind farm. According to innogy, the positive contribution to earnings was in part due to a bonus for timely, on-budget completion of th
Northland Power reported a 6% increase in adjusted EBITDA in the second quarter of 2019, to CAD 194 million, partly impacted by the Gemini offshore wind farm. The company stated the rise is partly caused by a CAD 6 million increase at Gemini, due to an adjustment of CAD 7.3 million recorded in the s
Ørsted has reported an 18% increase in earnings from its offshore wind farms in operation in the first half of 2019, to DKK 5.9 billion (circa EUR 790.6 million), due to the ramp-up at the Hornsea Project One, Borkum Riffgrund 2 and Walney Extension offshore wind farms. Offshore and onshore wind pow
Macquarie Infrastructure and Real Assets (MIRA) has agreed to acquire Ocean Breeze Energy, the owner of the BARD Offshore 1 wind farm in Germany. MIRA, who will carry out the acquisition via a Macquarie European Infrastructure Fund 5 led consortium, will buy the company from Unicredit. “Offshore win
Ørsted is holding formal consultations related to the Hornsea Project Four offshore wind farm in September in the UK. At the events, the project’s location, as well as a non-technical summary of the preliminary environmental information report will be presented. The meetings will be held from 2 to 7
The Manchester Metropolitan University has secured a GBP 124,000 grant from the Supergen Offshore Renewable Energy (ORE) Hub to test solutions for stabilizing floating offshore wind turbines. In the one-year project, the UK university will develop computer models to test the best methods to stabiliz
E.ON’s Renewables division saw a EUR 39 million increase in adjusted EBIT in the first half of 2019, primarily said to be due to the commissioning of offshore wind farms in the UK and Germany. The renewables adjusted EBIT equals EUR 275 million in the first six months, with the primary reason being
Deep Ocean Engineering Inc. (DOE) has unveiled a new Remotely Operated Vehicle (ROV) which can be used for the maintenance of offshore wind farms. The Phantom X8 is a work-class vehicle configured with six vectored horizontal and two vertical 2.2 kW Tecnadyne brushless thrusters. It boasts high defi
The University of Strathclyde has secured a share of GBP 1 million funding from the Supergen Offshore Renewable Energy (ORE) Hub for two projects focused on offshore wind research. The first project that received a share from the first round of the hub’s Flexible Fund includes developing a cost-effe
Equinor reported adjusted earnings of USD 3.15 billion in the second quarter of 2019, which is down from USD 4.31 billion in the same period last year. Equinor saw a net operating income of USD 3.52 billion in the period, which is again lower than the USD 3.84 billion in the second quarter of 2018.
Dominion Energy and the U.S. Business Network for Offshore Wind are holding an event in Virginia with an aim to support the state’s inclusion of large-scale offshore wind in its energy mix. The Sea to Land event will bring together the supply chain business community with federal and state governmen
The UK Nesspoint Ltd. and Germany’s in-innovative navigation GmbH have joined forces to cooperate in the offshore wind market. The deal will see the two companies working together in the field of vessel tracking management and sea surveillance for offshore wind. According to Marcus Krol, Head of Sal
Natural Power has appointed Matthew Filippelli to lead the company’s offshore wind services in the United States. Filippelli has taken over the position of Principal Engineer and Offshore Services Lead and will be based in the company’s New York office. “The US has a vast offshore wind energy resour
Prysmian Group achieved its 2019 targets for projects awarded in the first half of 2019 due to securing a contract for the Viking Link project valued at nearly EUR 700 million. The contract includes the turnkey design, manufacture and installation of the world’s longest interconnector with the 1,250
