Senvion GmbH has filed for self-administered restructuring proceedings after refinancing discussions with lenders have so far not come to a positive conclusion. These preliminary self-administration proceedings relate to Senvion GmbH as well as its subsidiary Senvion Deutschland GmbH. The objective
Ready 4 Offshore Wind, a project led by the U.S. Business Network for Offshore Wind, has been selected to receive a part of a USD 1.6 million funding from the Rhode Island government. The project is among 12 partnerships announced by the Rhode Island Department of Labor and Training (DLT) and Govern
The Dutch IHC IQIP is investing in the BLUE Piling technology for driving the foundation piles of offshore wind turbines into the seabed. IHC IQIP has decided to join forces with Jasper Winkes, the developer of the BLUE Hammer, as it believes this technology “has a big future” and is a logical step
The long-term success of offshore wind is being put at risk by restrictions on access to wind turbine performance data that prevent operators from reducing operations and maintenance costs by up to 30%, according to ONYX InSight. Better access to turbine data allows operators to not only reduce thei
Offshore Wind Consultants (OWC) is launching an advisory service to help U.S. offshore wind developers navigate the project regulatory frameworks and permitting processes. The regulatory and permitting advisory service is expected to assist developers through processes at the federal, state and loca
Decisions on how US offshore wind farms will be financed are needed quickly to ensure smooth sailing for a growing number of offshore wind projects, according to a white report released by the Business Network for Offshore Wind (BNOW). “We may hit some windy financing turbulence with the loss of tax
The European Commission has fined General Electric (GE) EUR 52 million for providing incorrect information during the investigation under the EU Merger Regulation of GE’s planned acquisition of LM Wind Power. On 11 January 2017, GE notified its proposed acquisition of the blade manufacturer. In this
German offshore wind developer wpd has signed a share purchase agreement with Starwind Offshore GmbH to sell a 27% stake in the 640MW Yunlin offshore wind project in Taiwan. Starwind Offshore GmbH is a German holding company established jointly between the Japanese companies Sojitz; JXTG Nippon Oil
A Norfolk County Council project to alert SMEs in the region to supply chain opportunities in the offshore wind industry has been approved for GBP 22,000 funding from New Anglia LEP’s first revenue fund. Delivered in conjunction with Vattenfall and Norfolk Chamber of Commerce, this project seeks to
Wave energy technology developer Marine Power Systems (MPS) is expanding into the floating offshore wind sector with two new devices said to offer a solution to wind energy generation challenges in deep waters. The UK company stated that R&D of its wave energy device WaveSub brought to the developme
SeaTwirl, Colruyt Group, and NorSea Group have signed a Letter of Intent to collaborate on financing, developing and installing the SeaTwirl S2-1MW floating wind turbine. The Swedish company has agreed with both Colruyt Group and NorSea Group on their intentions to commit to the financing, developme
40GW of new offshore wind capacity will be installed over the next five years, according to the latest edition of the Global Wind Report issued by the Global Wind Energy Council (GWEC). Overall, offshore wind would represent 15% of total installations each year, GWEC said. GWEC expects increasing of
Ørsted has allocated grants from the sixth round of the Walney Extension Community Fund, set up to support community and environmental projects near the 659MW offshore wind farm in Cumbria, UK. The grants have been awarded to sixteen groups who will each receive a share of the just over GBP 253,000
Taiwan International Ports Corp (TIPC) has signed a Memorandum of Understanding with the Japanese Nissui Marine Kogyo (NMK) to cooperate on offshore wind safety training. Under the deal, the two parties said they will work together to cultivate international talent for the sector by mutual exchanges
