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Business & Finance

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Wind Farm UpdateR&DTechnologyContracts & Tenders
DNV GL to Carry Out Hywind Tampen Verification Study
Business & Finance

DNV GL to Carry Out Hywind Tampen Verification Study

DNV GL is set to undertake a third-party verification study of Equinor’s Hywind Tampen floating wind farm in Norway, the world’s first expected to power oil platforms. The independent verification study will ensure that the wind turbines comply with the applicable codes and standards for floating of

about 7 years ago
Ørsted Signs Offshore Wind MoU with New Jersey Uni
Business & Finance

Ørsted Signs Offshore Wind MoU with New Jersey Uni

Ørsted U.S. Offshore Wind has signed a Memorandum of Understanding (MoU) with Rowan University in New Jersey for research on offshore wind. Under the agreement, Ørsted will support innovative offshore wind engineering clinics for Rowan University students and collaborate with them on research opport

about 7 years ago
US Offshore Wind R&D Consortium Issues First Project Call
Business & Finance

US Offshore Wind R&D Consortium Issues First Project Call

The U.S. National Offshore Wind Research and Development Consortium is allocating up to USD 7 million in funding for offshore wind technology projects. The announcement represents the consortium’s first comprehensive solicitation for offshore wind technology projects as called for in its Research an

about 7 years ago
Vattenfall Pulls Plug on Vesterhav Offshore Tenders
Business & Finance

Vattenfall Pulls Plug on Vesterhav Offshore Tenders

Vattenfall will cancel and reissue a number of tenders for the Vesterhav Syd and Vesterhav Nord offshore wind projects in addition to the recently announced construction delay. Due to complications with the project environmental impact assessments (EIA), Vattenfall will reopen the tenders for the pr

about 7 years ago
Akrocean’s WINDSEA FLiDAR Gets Stage 2 Okay
Business & Finance

Akrocean’s WINDSEA FLiDAR Gets Stage 2 Okay

France-based Akrocean has received stage 2 validation for its WINDSEA floating LiDAR (FLD) under the OWA Carbon Trust Roadmap. According to Akrocean, the validation was granted by DNV GL and marks commercial acceptance for the floating LiDAR. Offshore trials that began earlier in 2018 were performed

about 7 years ago
Offshore Wind Breaks Records in UK
Business & Finance

Offshore Wind Breaks Records in UK

Offshore wind generation in the UK rose by 28% percent in 2018, providing a record-breaking 8% of the UK’s electricity, according to the latest report by the Department for Business, Energy and Industrial Strategy (BEIS). UK’s offshore wind capacity increased by 1.2GW due to several large projects o

about 7 years ago
Low Winds Blow on EnBW Renewables Business
Business & Finance

Low Winds Blow on EnBW Renewables Business

EnBW has reported a 10.3% decrease in the operating result of its renewables division in the 2018 financial year, said to be partly due to poor wind conditions which had a negative impact on the output of offshore wind farms. EnBW also attributes the EBITDA drop to low water levels which negatively

about 7 years ago
Scotland Feels Offshore Wind Bump
Business & Finance

Scotland Feels Offshore Wind Bump

Wind turbines offshore Scotland generated 1,369 GWh of electricity in 2018, a 122.2% increase compared to 616 GWh of electricity generated in 2017, according to the latest figures from UK’s Department for Business, Energy and Industrial Strategy (BEIS). Scotland’s operational offshore wind capacity

about 7 years ago
AgileTek Makes Its First Buy
Business & Finance

AgileTek Makes Its First Buy

AgileTek Engineering has completed the acquisition of Ryder Geotechnical Ltd, a provider of geotechnical design and consulting services in the offshore wind and subsea oil & gas sectors. Ryder Geotechnical will be run as a subsidiary and will remain a separate legal entity continuing to trade under

about 7 years ago
PivotBuoy Floater Secures EU Funding
Business & Finance

PivotBuoy Floater Secures EU Funding

X1 Wind’s single point mooring system platform for floating wind turbines is set to receive EUR 4 million of EU Commission Horizon 2020 funding. A consortium of nine partners, led by X1 Wind, will deploy a prototype of the PivotBuoy at a test site at the Oceanic Platform of the Canary Islands (PLOCA

about 7 years ago
Maryland Lawmakers Propose Offshore Wind Boost
Business & Finance

Maryland Lawmakers Propose Offshore Wind Boost

Legislators of the U.S. state of Maryland have introduced a bill that would allow at least 1,200MW of additional offshore wind capacity to be built by 2030. If enacted, the Maryland Clean Energy Jobs Act of 2019 (S.B. 516) would require 50% of energy supply to come from renewable energy sources by 2

about 7 years ago
Fred. Olsen Ocean Buys Into United Wind Logistics
Business & Finance

Fred. Olsen Ocean Buys Into United Wind Logistics

Fred. Olsen Ocean has entered into an agreement to acquire a 50% ownership in United Wind Logistics GmbH (UWL) through the contribution of new equity in the amount of EUR 12 million. UWL is a Hamburg-based company offering transport solutions for offshore wind turbine components from manufacturing s

about 7 years ago
New US Pact Targets Fisheries and Offshore Wind Coordination
Business & Finance

New US Pact Targets Fisheries and Offshore Wind Coordination

The U.S. Bureau of Ocean Energy Management (BOEM), NOAA Fisheries and the Responsible Offshore Development Alliance (RODA) have signed a Memorandum of Understanding (MoU) on fisheries and offshore wind coordination. Under the 10-year agreement, the parties will collaborate on the science and process

about 7 years ago
Major Developers Join New York Offshore Wind Alliance
Business & Finance

Major Developers Join New York Offshore Wind Alliance

EnBW North America, EDF Renewables, and Vineyard Wind have joined the New York Offshore Wind Alliance (NYOWA). NYOWA gathers environmental, business, labor, wind industry and community organizations supporting the responsible development of offshore wind power for New York. The New York State’s Gove

about 7 years ago
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