Zero subsidy offshore wind projects leave the actual electricity price as the only source of income and it is quite difficult for traditional investors such as banks to finance these projects, because that would mean that the banks lending the money must agree to take on the merchant risk, said Chri
M2 Subsea has appointed David Sinclair, former Bibby Offshore Engineering and Innovation Manager, as Business Development Manager for renewables and decommissioning to its European business development team.
James Fisher has announced the acquisition of the entire share capital of EDS HV, the UK-based high voltage engineering company which recently signed a contract with the offshore wind giant Ørsted for its UK offshore wind farms.
Vattenfall has chosen the new 8MW Siemens Gamesa wind turbine for its Danish offshore wind farms because it “was simply the cheapest choice in the market measured by cost per generated megawatt-hour electricity,” Michael Simmelsgaard, Head of Offshore Wind and Country Manager for Vattenfall in Denma
As announced on 5 December, Siemens Gamesa today issued more details on its new Asia Pacific office, which has been opened in Taipei, and also revealed another plan. Namely, the company is looking into setting up a manufacturing and pre-assembly site at Taiwan’s Taichung port.
According to a report at Zion Market Research, global offshore wind energy market size was valued at USD 20.3 billion in 2016 and is expected to reach USD 57.2 billion in 2022, growing at a CAGR of 16.2% between 2017 and 2022.
A spokesperson from Siemens Gamesa has confirmed to Offshore WIND that the company is launching an office for its offshore business segment in the Asia Pacific region, following social media posts reporting from an opening ceremony today, 5 December.
Senvion plans to launch a prototype of the 10MW+ offshore wind turbine by late 2019 or early 2020, Jörg Philp, Head of Sales Offshore at Senvion, said.
Innovate UK has launched a funding competition to encourage innovation in infrastructure systems that provide critical services for economy, environment and society, including offshore wind.
The University of Hull presented its findings on the impact of Green Port Hull One at an event yesterday, 4 December, a year after Siemens Gamesa opened the blade manufacturing facility at Alexandra Dock.
Foresight Group, an independent infrastructure and private equity asset manager, has launched the FP Foresight UK Infrastructure Income Fund, which will invest in UK-listed renewable energy and infrastructure fund / investment company equities and bonds, targeting an annual income of 5% per annum wi
The Able Group has upgraded its Able Seaton Port facility on the River Tees, UK, in order to offer facilities for a wider range of activities, including offshore wind installations.
Following reports on Naval Energies (former DCNS Energies) cutting 100 jobs, the company issued a statement saying it is now at a decisive crossroad, with challenges in the marine renewables market leading it to focus its financial and human resources on the highest-priority projects in tidal, float
Energy Management Inc. has abandoned the development of the 468MW Cape Wind offshore wind farm and notified the U.S. Bureau of Ocean Energy Management (BOEM) that it terminated the development lease, Bloomberg reports.
