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Business & Finance

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Babcock Bags Rampion Substation Contract
Business & Finance

Babcock Bags Rampion Substation Contract

Babcock has won a contract to deliver the engineering, procurement and construction (EPC) of the 2500 tonne offshore sub-station platform (OSP) topside and jacket for the Rampion offshore wind farm. From its base in Rosyth, the company will fabricate and load-out the components for the UK’s Round 3

about 11 years ago
East of England Calls for Offshore Wind Certainty
Business & Finance

East of England Calls for Offshore Wind Certainty

Calls for the UK government to give the offshore wind industry a clear steer on how the next round of developments will be funded were made as Siemens’ turbines were confirmed for East Anglia One. As the UK industry was heartened by ScottishPower Renewables’ opting for as much UK content as possible

about 11 years ago
Three Companies Shortlisted for Danish Nearshore
Business & Finance

Three Companies Shortlisted for Danish Nearshore

Danish Energy Agency (ENS) has shortlisted three companies to participate in upcoming 350 MW nearshore tender. Out of five applicants, WPD Hofor joint venture, European Energy Nearshore Consortium and Vattenfall met the certain technical and financial requirements. Since the future wind farms are sm

about 11 years ago
Deutsche Windtechnik Scoops seebaWIND
Business & Finance

Deutsche Windtechnik Scoops seebaWIND

Deutsche Windtechnik AG has acquired 100% of the shares of seebaWIND Service GmbH and Level 360 Gesellschaft für Rotor- und Gittermastservice mbH. In particular, this enables Deutsche Windtechnik AG to expand its systems technology from the present focus on Vestas®/NEG Micon and Siemens®/AN Bonus® t

about 11 years ago
Envision Energy Strengthens Its EMEA Position
Business & Finance

Envision Energy Strengthens Its EMEA Position

Envision Energy has announced the appointment of John Childs as Head of Turbine Business Development in Europe, Middle East Africa (EMEA) markets. Childs will be based in the company’s Global Innovation Center in Denmark. “We had significant achievement in the past years, in 2014, Envision ranked No

about 11 years ago
Trump to Take EOWDC Battle to the Next Level
Business & Finance

Trump to Take EOWDC Battle to the Next Level

Following the decision by the Court of Session to reject Donald Trump’s latest legal action against the European Offshore Wind Deployment Centre (EOWDC), the Trump Organization announced it will take the case to the UK Supreme Court and European courts, saying that it was “impossible to have a fair

about 11 years ago
Jobs at Stake Due to EMEC’s Restructuring
Business & Finance

Jobs at Stake Due to EMEC’s Restructuring

Wave and tidal energy market demands have led the European Marine Energy Centre (EMEC) to reorganization, during which redundancies will be made, the Centre announced Friday. To maintain EMEC dynamic and enable its prompt response to market conditions under tight R&D funding, the restructure will fo

about 11 years ago
Siemens Nets Massive Offshore Wind Turbine Deal
Business & Finance

Siemens Nets Massive Offshore Wind Turbine Deal

ScottishPower Renewables has selected Siemens as its preferred turbine supplier for the East Anglia ONE offshore wind farm. The turbine agreement, which will be the largest individual contract placed as part of the £2 billion project, will see up to 102 of Siemens’ 7 megawatt (MW) turbines supplied.

about 11 years ago
Carnegie : Oz Gvt Approves AUD 1.5 Mln Payment
Business & Finance

Carnegie : Oz Gvt Approves AUD 1.5 Mln Payment

Wave energy developer Carnegie Wave Energy Limited has received approval for $1.5 million in milestone payments from the Australian Renewable Energy Agency (ARENA) for completion and deployment of the CETO units and commissioning of the Perth Wave Energy Project (Perth Project). Carnegie will receiv

about 11 years ago
50Hertz Emits EUR 500 Mln Bond
Business & Finance

50Hertz Emits EUR 500 Mln Bond

50Hertz’ holding company, Eurogrid GmbH, has emitted a corporate bond over 500 million Euros on June 2. The bond has a denomination of 100,000 Euros with a duration of 10 years and a coupon of 1.875 %. The issuance was done via Bourse Luxembourg where the bond will also be traded. “Instruments like

about 11 years ago
Vestas Signs EUR 1.05 Bln Revolving Credit Facility
Business & Finance

Vestas Signs EUR 1.05 Bln Revolving Credit Facility

Vestas Wind Systems A/S has signed a new EUR 1.050bn revolving credit facility, available for loans as well as project-related guarantees (sub-limit for loans of up to EUR 500m). The new facility has a five-year duration with an option to extend the maturity for up to two additional years. The facil

about 11 years ago
Blue Water Shipping Reports Higher Turnover in 2014
Business & Finance

Blue Water Shipping Reports Higher Turnover in 2014

The significant growth continues for Blue Water Shipping, the company announced today, reporting that annual accounts for 2014 show an 11 per cent increase in turnover and an increase of 80 per cent on the bottom line compared to 2013. The total turnover for 2014 was DKK 4,980 bn (EUR 669 million).

about 11 years ago
Wpd Secures Funding for Nordergrunde
Business & Finance

Wpd Secures Funding for Nordergrunde

wpd AG and its financing banks yesterday signed financing contracts in Frankfurt for the Nordergründe offshore project. According to these contracts, the loans will be provided by KfW IPEX-Bank and the European Investment Bank (EIB) while 100% of the equity will come from wpd offshore GmbH. This mea

about 11 years ago
Chinese in Line for £300 Mln UK Tidal Lagoon Contract
Business & Finance

Chinese in Line for £300 Mln UK Tidal Lagoon Contract

Tidal Lagoon Swansea Bay Plc (TLSB) has named China Harbour Engineering Company Ltd as its preferred bidder for a marine works package that will include the construction of the six mile lagoon wall in Swansea Bay. As well as committing to approximately 50% UK content for the delivery of the package,

about 11 years ago
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