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Business & Finance

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Seafox 5 Renames to Blue Tern
Business & Finance

Seafox 5 Renames to Blue Tern

Fred. Olsen Windcarrier’s jack-up vessel Seafox 5 has officially changed its name to Blue Tern. The Norway-based company emphasized that most of its vessel have a name starting with ‘B’, therefore renaming Seafox 5 was a natural step. Fred. Olsen Windcarrier made an agreement with the Seafox Interna

about 7 years ago
Baltic Eagle Swoops on MHI Vestas Giants
Business & Finance

Baltic Eagle Swoops on MHI Vestas Giants

Iberdrola has selected MHI Vestas Offshore Wind as the preferred wind turbine supplier for the Baltic Eagle offshore wind project in the German Baltic Sea. According to MHI Vestas, the contract includes the supply of up to 52 V174-9.5 MW turbines for the 476MW project, which will be the first offsho

about 7 years ago
Fraunhofer IWES Making Room for XXL Blades
Business & Finance

Fraunhofer IWES Making Room for XXL Blades

German research institute Fraunhofer IWES has received funding to build a test bench for rotor blades measuring up to 115 meters in length. Fraunhofer IWES received funding to the tune of around EUR 12 million for the `Future Concept Operational Stability Rotor Blades Phase II` project. To this end,

about 7 years ago
Scottish Enterprise Schedules CfD Prep Event
Business & Finance

Scottish Enterprise Schedules CfD Prep Event

Scottish Enterprise is holding an event for the local offshore wind supply chain regarding the Contracts for Difference (CfD) scheme. The event will focus on lessons learned in previous CfD auctions, the opportunities expected in the forthcoming round and how the industry will evolve for future roun

about 7 years ago
US Wind and Natixis Go Exclusive Offshore Maryland
Business & Finance

US Wind and Natixis Go Exclusive Offshore Maryland

US Wind Inc. has appointed Natixis Securities Americas LLC as the sole and exclusive financial advisor for its 268.8MW Maryland offshore wind project. The project involves a total investment of USD 1.6 billion, US Wind, a subsidiary of Toto Holdings SpA, said. It is located 17 miles offshore of Ocea

about 7 years ago
TFKable Produces First Moray East Onshore Cable
Business & Finance

TFKable Produces First Moray East Onshore Cable

The TFKable Group has produced the first part of the 220kV onshore high-voltage cable for the Moray East offshore wind farm in the UK. According to the company, the 220kV cable is now ready to be delivered from its Bydgoszcz plant in Poland for the 950MW offshore wind project. TFKable and VolkerInfr

about 7 years ago
Vesterhav Syd EIA Process Hits Replay
Business & Finance

Vesterhav Syd EIA Process Hits Replay

The Danish Energy Agency has initiated a new environmental impact assessment (EIA) process for Vattenfall’s Vesterhav Syd offshore wind farm due to a cancelation of a part of its license for the project construction. According to the Danish Energy Agency, the Energy Board of Appeal canceled the part

about 7 years ago
First Japanese Turbine Installation Vessel Up and Running
Business & Finance

First Japanese Turbine Installation Vessel Up and Running

The Tokyo-based Penta-Ocean Construction Co. has taken delivery of Japan’s first offshore wind turbine installation vessel, which is now ready for first work. Penta-Ocean Construction, who ordered the CP-8001 vessel from Japan Marine United Corporation (JMU) in 2016, held the completion ceremony las

about 7 years ago
Ørsted and Eversource Expand US Offshore Wind Teamwork
Business & Finance

Ørsted and Eversource Expand US Offshore Wind Teamwork

Ørsted has divested 50% of the Revolution Wind and South Fork offshore wind projects and two lease areas off the coast of New England, U.S., to Eversource. According to Ørsted, the divestment of 50% of the offshore wind assets took place at a purchase price of approximately USD 225 million. Revoluti

about 7 years ago
Planning Inspectorate Sets Dates for Thanet Extension Meets
Business & Finance

Planning Inspectorate Sets Dates for Thanet Extension Meets

The UK Planning Inspectorate is hosting issue-specific hearings on the Thanet Extension offshore wind project this month as part of Vattenfall’s application for an order granting development consent. The hearings will take place between 19 and 21 February at the Discovery Park in Sandwich, Kent, wit

about 7 years ago
Belgium Proposes 4GW by 2030 Offshore Wind Target
Business & Finance

Belgium Proposes 4GW by 2030 Offshore Wind Target

The Federal Parliament of Belgium has proposed a target of 4GW of total installed offshore wind capacity by 2030 in the draft of the National Energy and Climate Plan (NECP). The draft of the NECP was presented on a workshop that the Federal Parliament organized with EUFORES (the European Forum for R

about 7 years ago
MHI Vestas Turns Profitable as Orders Ramp Up
Business & Finance

MHI Vestas Turns Profitable as Orders Ramp Up

MHI Vestas Offshore Wind generated a net profit of EUR 26 million and secured an order intake of 3,180MW in 2018. 2018 was the first year in which MHI Vestas generated a positive net profit on a stand-alone basis since the launch of the joint venture by Vestas and Mitsubishi Heavy Industries in 2014

about 7 years ago
Vattenfall to Invest EUR 2.3 Billion in Wind Power by 2020
Business & Finance

Vattenfall to Invest EUR 2.3 Billion in Wind Power by 2020

Vattenfall plans to invest SEK 24 billion (EUR 2.3 billion) in wind power in 2019 and 2020, the Swedish energy company said in its 2018 Year-End Report. In December 2018, Vattenfall made the investment decision for the 605MW Kriegers Flak offshore wind farm in Denmark. The investment decision for th

about 7 years ago
Europe Sees 2.6GW Offshore Wind Boost in 2018
Business & Finance

Europe Sees 2.6GW Offshore Wind Boost in 2018

Europe installed 2.6GW of new offshore wind energy capacity in 2018, an 18% increase, according to the latest statistics by WindEurope. Fifteen new offshore wind farms were commissioned last year, with the UK and Germany accounting for 85% of the new capacity by adding 1.3GW and 969MW respectively.

about 7 years ago
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