Ørsted A/S plans to issue green senior bonds in the UK-market to finance its green growth ambition towards 2025 including the investments in 1,386MW Hornsea Two offshore wind farm. With the bond issuance, Ørsted targets a multi-tranche senior unsecured GBP-Sterling green bond, subject to market cond
Siemens Gamesa has reported a 6% year-on-year increase in revenue to EUR 4,651 million in the first half of the 2019 fiscal year, said to be supported by strong performance in the Offshore and Service segments. The company saw a 7% increase in revenue in the second quarter of FY 2019, to EUR 2,389 m
Researchers at the University of Rhode Island who analyzed AirBnB rental data before and after the construction of the Block Island Wind Farm have found that, contrary to some concerns, the turbines have increased tourism on the island. Corey Lang, URI associate professor of environmental economics,
Siemens Gamesa has obtained an investment grade rating, becoming the first global wind turbine manufacturer to do so. Standard & Poor’s (S&P) awarded Siemens Gamesa with a BBB long-term credit rating with positive outlook and Moody’s assigned the company a Baa3 outlook stable rating. According to Si
Universal Foundation has relocated from Aalborg, Denmark, to Fredericia, said to be due to meeting commercial demand. Universal Foundation has now joined its sister companies Fred. Olsen Windcarrier and Global Wind Service under one roof. According to the company, the relocation is not only of geogr
Vattenfall has launched its national supply chain campaign in Norwich, UK, to present opportunities from the proposed Norfolk Vanguard, Norfolk Boreas and Thanet Extension offshore wind farms. The campaign, part of the commitment to the Offshore Wind Sector Deal, will gather around 300 companies to
Norway’s Equinor has signed a Memorandum of Understanding (MoU) with South Korea’s Ulsan City to cooperate on the development of floating wind projects in South Korea. Under the MoU, Equinor and Ulsan City will jointly explore the opportunities for the development of floating wind projects in South
Portugal-based ASM Industries has started test operations at the company’s new industrial unit dedicated to the production of offshore wind towers and foundations – ASM Offshore. The test phase has an expected duration of two months during which ASM Industries is undertaking the calibration and comm
Trade unions, offshore wind developers and supply chain companies have agreed to take action to ensure more Scottish companies benefit from the awarding of contracts for offshore wind projects. At a summit held by Finance Secretary Derek Mackay and Energy Minister Paul Wheelhouse, industry represent
Dutch offshore foundations manufacturer Sif has begun work for the SeaMade offshore wind farm in Belgium, according to the company’s latest report. Sif is responsible for producing the monopiles for the 487MW project and, in a joint venture with Smulders, for the manufacture of transition pieces. Th
The U.S. Department of Energy (DOE) has selected four projects totaling up to USD 8 million to develop next-generation drivetrain technologies to facilitate the growth of tall offshore and onshore wind turbines. The projects are expected to develop more efficient, smaller, and lighter-weight generat
Wood has secured a contract for the role of technical advisor on the Vineyard Wind offshore wind project in Massachusetts, the U.S. Under the four-year contract, Wood will act as the lender’s technical advisor on behalf of developer Vineyard Wind LLC, owned by Copenhagen Infrastructure Partners and
The offshore wind industry is gearing up for growing use of helicopters and drones as more than 50% of turbines consented or planned in Europe are over 250m tall, according to RenewableUK. RenewableUK’s latest Project Intelligence report shows that those projects, all located in UK waters, will main
The UK will need 75GW of operating offshore wind capacity to reach net-zero greenhouse gas (GHG) emissions target by 2050, according to a recent report by the Committee on Climate Change (CCC). Currently, the UK has around 8GW of operating offshore wind capacity. The recent sector deal has set a tar
