To meet global climate and sustainable development goals, investment in renewable energy must double by 2020 and more than triple by 2030, according to IRENA’s new report Unlocking Renewable Energy Investment: the role of risk mitigation and structured finance, which finds that reaching this level o
Belgian transmission system operator Elia has issued two separate calls for bids, one for a detailed design of an offshore platform, and the other for an EPC contract for submarine cables that will link the company’s Modular Offshore Grid to the mainland infrastructure. The OSY platform will be situ
Marine Energy 6 Consultants (ME6), a new marine consultancy with a focus on the offshore wind sector, has opened in Lowestoft. The company has been launched after Gardline made the decision to close the Coastal Services department earlier this year. “After being made redundant but being passionate a
The Massachusetts State Senate has unanimously passed an omnibus energy bill which requires electric distribution companies to solicit long-term contracts for at least 2,000 megawatts (MW) of offshore wind by 2027. The Senate bill was offered as an amendment to the energy bill passed by the House of
Ezion Holdings and Sinotrans & CSC Holdings have established a new company, Sinomarine & Teras Offshore Co., Ltd, dedicated to the offshore wind industry in China. The opening ceremony was held in Tianjin, China, on 28 June and was attended by guests from the Chinese government, officials from the T
The UK leaving the European Union might delay the development of the Moray Firth offshore wind project in Scottish waters, Antonio Mexia, chief executive at Energias de Portugal (EDP), the company which is the owner and developer of the project, was reported by Reuters as saying. The uncertainties b
NIRAS, a provider of marine engineering and environmental consultancy services, has acquired Centre for Marine and Coastal Studies (CMACS), a marine ecology consultancy involved in projects such as Burbo Bank Extension, London Array, and Gwynt y Môr offshore wind farms. Tim Norman, Managing Director
The Global Wind Energy Council (GWEC) today launched the “Supply Chain, Port Infrastructure and Logistics Study” report for offshore wind development in the states of Gujarat and Tamil Nadu in India. The study is a significant step forward in preparing a roadmap for offshore wind power in India by t
The Crown Estate today reported a record income return of £304.1 million to Treasury for the public finances, with the offshore wind sector as one of the key performance drivers. Income return was up 6.7% on 2015, while overall performance was significantly ahead of the market, with a total return o
Dorothy Winters has been appointed as offshore business development manager at the Amsterdam IJmuiden Offshore Port (AYOP) with a special focus on offshore wind. Winters previously combined two functions: marketer at Port of Amsterdam and offshore wind programme manager at AYOP. The tasks of the pos
The Saint Nazaire-based startup Geps Techno, the developer of the MLiner independent offshore platform project, has recently adopted new financial sources with a fund raising campaign and Bpifrance grants to offer its line of products on international markets. The MLiner, also known as the ”Swiss Ar
The Beatrice offshore wind project has positioned Scotland as the top UK region for construction contract value in May, for the second month in a row, according to the May edition of the Economic & Construction Market Review from the industry analyst Barbour ABI. The majority of the contracts awarde
Siemens Lays Out Cost Cutting Strategy Siemens stated that its offshore wind projects from 2025 onward will be capable of generating electricity at a Levelized Cost of Energy (LCoE) level below eight euro cents per kilowatt hour (kWh), with the price also including the costs for grid access to shore
Chevalier Floatels reported today that it had secured a series of contracts for offshore wind projects, thus returning its fleet to the renewables sector amidst a challenging period the oil and gas industry is currently going through. Even though Chevalier left the projects for which it was contract
