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Business & Finance

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TenneT Shelves Offshore Maintenance Centre Plan
Business & Finance

TenneT Shelves Offshore Maintenance Centre Plan

TenneT has abandoned its plan for the construction of an Offshore Maintenance Centre (OMC) in the north of the Netherlands for the time being. The company had planned to set up the OMC as a base for maintenance work on the transformer platforms and offshore grid connections for German and future Dut

about 10 years ago
Global Marine Swoops On CWind
Business & Finance

Global Marine Swoops On CWind

Global Marine Systems Limited has acquired a majority interest in CWind Limited. CWind has supported the construction and operation of over 26 wind farms in the North Sea, Irish Sea and the Baltic. In 2014, the company opened an office based in Bremen, Germany. Ian Douglas, CEO of Global Marine, sai

about 10 years ago
TenneT Opens Cable Storage Facility in Eemshaven
Business & Finance

TenneT Opens Cable Storage Facility in Eemshaven

On 2 February, TenneT officially opened its special cable storage facility in Eemshaven, the Netherlands, which is able to store up to 4,600 tonnes of high-voltage electricity cables. TenneT will use the facility as a storage for massive subsea cables used for connecting offshore wind farms to the o

about 10 years ago
Vattenfall Earmarks EUR 1.5 Billion for Renewables in Next Two Years
Business & Finance

Vattenfall Earmarks EUR 1.5 Billion for Renewables in Next Two Years

Swedish state-owned power company Vattenfall will spend SEK 14 billion (EUR 1.5 bn) on developing its renewable energy power sources, mainly wind , throughout 2016 and 2017, aimed at helping the company reach the goal of adding further 2,300 MW of installed wind capacity by 2020. The renewables will

about 10 years ago
Ming Yang Accepts Going Private Offer
Business & Finance

Ming Yang Accepts Going Private Offer

China Ming Yang Wind Power Group Limited has entered into a definitive merger agreement pursuant to which a consortium of investors led by the company’s Chairman and CEO Chuanwei Zhang will buy all of the remaining shares in the turbine manufacturer. Zhang, who previously held a 33% of the issued an

about 10 years ago
Suzlon Opens Blade Science Center in Denmark
Business & Finance

Suzlon Opens Blade Science Center in Denmark

Suzlon Group has opened a new Blade Science Center in Vejle, Denmark, focused on developing turbine blades and control systems, and integrating the aerodynamic, loads and new structures research across the company. The blade technologies to be developed at the company’s new center will be applicable

about 10 years ago
Dutch Sizing Up French Offshore Wind Market
Business & Finance

Dutch Sizing Up French Offshore Wind Market

Strengthening business ties within the offshore wind industry will be high on the agenda during the Dutch trade mission to France, led by Lilianne Ploumen, the country’s Minister for Foreign Trade and Development Cooperation, scheduled for 10 and 11 March, the Netherlands Enterprise Agency reports.

about 10 years ago
E.ON Upgrades Amrumbank West to 302 MW, Invests over €10Bn in Renewables
Business & Finance

E.ON Upgrades Amrumbank West to 302 MW, Invests over €10Bn in Renewables

Following an upgrade of Amrumbank West offshore wind farm from 288 to 302 megawatts, E.ON reported that its net investments in renewables have surpassed EUR 10 billion. In December 2015, E.ON and Siemens implemented a software solution that allows Amrumbank West to harvest more energy in times of st

about 10 years ago
RepaKorr Project to Keep Offshore Wind Turbines Rust-Proof for Longer
Business & Finance

RepaKorr Project to Keep Offshore Wind Turbines Rust-Proof for Longer

German researchers gathered around the RepaKorr collaborative project are developing an all-round inspection and repair solution to increase the corrosion resistance of offshore wind farms, according to Fraunhofer, one of the participants in the project. The new solution, which includes the developm

about 10 years ago
China Longyuan Wraps Up CNY 2 Bn Debenture Offering
Business & Finance

China Longyuan Wraps Up CNY 2 Bn Debenture Offering

China Longyuan Power Group Corporation Limited, China’s largest wind power producer, has completed the issuance of CNY 2 billion (EUR 279 million) of ultra short-term debentures with a term of 270 days. China Longyuan will use the proceeds raised from the debentures for replenishment of working capi

about 10 years ago
2015 a Banner Year for Offshore Wind in Europe
Business & Finance

2015 a Banner Year for Offshore Wind in Europe

Offshore wind investments in Europe doubled in 2015 to EUR 13.3 billion in a record year for financing and grid-connected installations, with a total of 3,019 MW in new capacity coming online in European waters in 2015, more than double of what was connected to the grid in 2014, according to Europea

about 10 years ago
Scottish £12M Fund to Help O&G Workers Find Other Jobs
Business & Finance

Scottish £12M Fund to Help O&G Workers Find Other Jobs

Scottish First Minister Nicola Sturgeon has announced a £12 million fund to help people who face losing their jobs in the oil and gas sector to transition into other energy industry and manufacturing employment. The Scottish Government’s Transition Training Fund will help maintain the highly skilled

about 10 years ago
Highlights of the Month: January 2016
Business & Finance

Highlights of the Month: January 2016

Sea Worker Runs Aground off Denmark, Crew Evacuated Offshore installation vessel Sea Worker ran aground south of Denmark’s Hvide Sande on the night between 26 and 27 January while under tow to Esbjerg, A2SEA said in a statement. Umoe Ventus Sinks After Catching Fire off Langeland The Wave Craft Surf

about 10 years ago
Iberdrola Picks Goldbeck to Build Wikinger O&M Hub
Business & Finance

Iberdrola Picks Goldbeck to Build Wikinger O&M Hub

Iberdrola has awarded the Rostock branch of Goldbeck a contract to construct a building in the Port of Sassnitz-Mukran which will serve as the base for overseeing O&M activities at the 350 MW Wikinger Offshore Windfarm. Goldbeck will be responsible for the design, planning and construction of the ne

about 10 years ago
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