Gamesa unveiled its Outlook 2015-2017, with the goal of locking in the profitable growth that commenced under the preceding plan, offer sustainable and rising dividends, 25% of annual net profit, and accelerate shareholder value creation. The company projects double-digit annual growth in sales and
A team of European experts, led by WavEC- Offshore Renewables (Portugal), has been awarded €3.450 millions in the scope of the European Commission’s competitive Horizon 2020 programme, to develop a new project – WETFEET. Using as a starting point the identification of the major constraints that have
A third Nova Scotian company has secured a multi-million dollar contract with the Cape Sharp Tidal project, which has potential to be the first grid-connected tidal array in the world. Hawboldt Industries of Chester, Nova Scotia, has been awarded a $4.7-million contract for the design and manufactur
Kersten Europe has invested in additional bending capacity by expanding its machine park over the past few years, due to rapid development of the international offshore wind, industrial equipment and oil & gas industry, which now require even heavier and thicker bent plate segments, cylinders and co
DNV GL Group has appointed Tor Svensen as Group Executive Vice President (EVP). Knut Ørbeck-Nilssen will succeed Tor Svensen as Chief Executive Officer of its Maritime business area. Both will report to the incoming Group President & CEO Remi Eriksen, starting 1 August 2015. Since 2013, Ørbeck-Nilss
Due to growing demand for wind energy optimisation projects in the UK, Uptime Engineering has established a new base in Bristol, led by Staffan Lindahl. Lindahl has been working in the wind industry for nearly 10 years in the field of performance analysis and asset optimisation. He will coordinate p
Eel Energy, French tidal energy technology company, has announced that it received EUR 500,000 from Bpifrance and the Nord-Pas de Calais region. In the meantime, historical shareholders of the company subscribed to a convertible bond of € 500k. This financing will allow the company to finalize its 1
Royal IHC has announced that it will accelerate the implementation of its ‘IHC 2020’ strategy, which was announced in 2014, as a direct result of the rapidly deteriorating market. The strategy aims to reduce the company’s dependence on the volatile shipbuilding industry. IHC said it will focus on th
According to Indian media, a private equity fund Arpwood Capital has acquired 21% shares of Senvion, German turbine manufacturer recently taken over by Centerbridge Partners. The purchase is said to be worth $112 million and funded through a leveraged buyout. This is in line with Arpwood’s strategy,
Norstec, the network for offshore renewables in northern Europe, will today hand over its three main workstreams to other organisations as part of a restructuring of industry networks. The Norstec Academy, which was launched in 2014 and saw 20 higher education students win tours of the UK offshore w
The UK government has given the go-ahead to a £1 billion project to build the world’s first tidal lagoon in Swansea Bay, Wales. Specialist engineering consultancy, HR Wallingford, worked with TLP on preliminary studies for the scheme, and has now been appointed by TLP’s preferred bidder, China Harbo
The European Marine Energy Centre in Orkney (EMEC) and the FloWave Ocean Energy Research Facility at Edinburgh University will work together to offer technical input and tank testing capability to developers applying to Wave Energy Scotland’s latest funding call on novel wave energy converter concep
Canadian offshore wind developer Trillium Power has filed a spoliation motion with the Ontario Superior Court, scheduled to be heard by a Master of the Court on June 18th, the company’s CEO John Kourtoff confirmed to Offshore WIND. The latest legal action, added to their $500 million legal action, c
Chilean Minister of Energy Maximo Pacheco, DCNS president Hervé Guillou, and executive vice president of Chilean governmental organization for economic growth (Corfo) Eduardo Bitran, have signed a joint declaration to set up Marine Energy Research and Innovation Center (MERIC). The declration has be
