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Business & Finance

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SGS to Certify Veja Mate Offshore Wind Farm
Business & Finance

SGS to Certify Veja Mate Offshore Wind Farm

The certification company SGS has been commissioned for the certification of the Veja Mate offshore wind farm project in the German North Sea. The certification work ranges from the examination of the project’s fundamentals to its final design — in accordance with the standards of the German Maritim

about 11 years ago
Mitsui Invests in Spanish Turbine Tower & Flange Manufacturer
Business & Finance

Mitsui Invests in Spanish Turbine Tower & Flange Manufacturer

Mitsui & Co., Ltd. has entered into an agreement to invest in Gonvarri Eólica, S.L., which controls the GRI Renewable Industries Group of Spain, a manufacturer of wind turbine towers and flanges for wind power generation. Agreement documents were signed on March 5, 2015. Subject to regulatory approv

about 11 years ago
New Foundation Installation System Developed
Business & Finance

New Foundation Installation System Developed

Conquest Offshore, together with deugro Denmark A/S, has developed a highly efficient installation system for monopiles and transition pieces, supported by the engineering knowledge and experience of Temporary Works Design (TWD) and Barge Master. Parties have combined their experience and in depth k

about 11 years ago
Construction Team Set Up for Rudong OW Project
Business & Finance

Construction Team Set Up for Rudong OW Project

Longyuan Zhenhua Offshore Engineering, a joint venture between Shanghai Zhenhua Heavy Industry (ZPMC) and Jiangsu Longyuan Power Group, has won a contract to install 38 Siemens 4MW wind turbines off Rudong, Jiangsu for (China General Nuclear Power Group) CGN. The contract is worth CNY 160 million (U

about 11 years ago
Northland Power Obtains Means to Invest in Nordsee One
Business & Finance

Northland Power Obtains Means to Invest in Nordsee One

Northland Power Inc. has closed its offering of USD 231,000,000 in public shares. The company has also announced the concurrent closing, on a private placement basis, of the previously announced issuance of 3,125,000 Common Shares representing USD 50,000,000 of gross proceeds to a subsidiary of Nort

about 11 years ago
Mott MacDonald Backs Block Island OWF
Business & Finance

Mott MacDonald Backs Block Island OWF

Following the recent announcement about Block Island wind farm reaching financial close, Mott MacDonald issued a press release, revealing that the company was lenders’ technical advisor during the project’s due diligence phase and is now monitoring construction as independent engineer in an ongoing

about 11 years ago
IHC Merges Business Units
Business & Finance

IHC Merges Business Units

Royal IHC (IHC) has integrated four of its business units – IHC Hydrohammer, IHC Handling Systems, IHC Sea Steel and IHC Fundex Equipment – into one new organization, which will operate under the name IHC IQIP. Through this merger, IHC will be able to offer a fully integrated solution for on- and of

about 11 years ago
Hollandia Offshore to Build Horns Rev 3 Jacket
Business & Finance

Hollandia Offshore to Build Horns Rev 3 Jacket

Energinet.dk, the Danish power transmission company has appointed Hollandia Offshore with the procurement, fabrication, load out and transport of the Horns Rev C Jacket. The Jacket is to be installed in the Horns Rev 3 Offshore wind farm near the Danish Coast. The scheduled delivery date is April 20

about 11 years ago
Carnegie’s MD Asks for Clear Renewable Energy Target
Business & Finance

Carnegie’s MD Asks for Clear Renewable Energy Target

Michael Ottaviano, Managing Director of Carnegie Wave Energy, has urged Australian politicians to set up a clear policy when it comes to renewable energy target (RET). Australia has a target set at 20% of renewables in its energy mix by 2020. However, it looks like now that 20% would amount to much

about 11 years ago
New Subsea Cable Partnership Announced
Business & Finance

New Subsea Cable Partnership Announced

UK based offshore handling systems company, Caley Ocean Systems, and umbilical and cable maker Umbilicals International, based in the US, have joined forces to offer operators and offshore contractors integrated solutions for the deployment of subsea packages and well intervention systems. Caley Oce

about 11 years ago
RWE Offers New CEO Deal to Terium
Business & Finance

RWE Offers New CEO Deal to Terium

RWE Supervisory Board has decided to make a new five-year CEO deal with Peter Terium starting 1 March 2016. His previous deal expires on 29 February 2016. This approach allows the Supervisory Board to ensure continuity at an early stage at the top of the company. The Chairman of the Supervisory Boar

about 11 years ago
Offshore Wind Projects Boost Cables & Connectors Market
Business & Finance

Offshore Wind Projects Boost Cables & Connectors Market

The growth of the cables and connectors market in Europe can be attributed to the increasing number of projects in the offshore wind connections and submarine interconnections market and moderate pricing pressure among the suppliers. According to a new market research report “Cables & Connectors Mar

about 11 years ago
Vestas Issues EUR 500m Eurobond
Business & Finance

Vestas Issues EUR 500m Eurobond

Danish wind turbine manufacturer, Vestas, has placed a new green corporate Eurobonds for a principal amount of EUR 500m. The bonds with seven-year maturity were received well by the European investors. “This green bond allows Vestas to diversify and optimise its funding structure in favour of longer

about 11 years ago
ETI Highlights UK’s Possible Low Carbon Options
Business & Finance

ETI Highlights UK’s Possible Low Carbon Options

Energy Technologies Institute (ETI) has publishes two potential scenarios depicting the UK’s low carbon energy system transition. The “Options, Choices, Actions” Report displays how the UK can implement an affordable 35 year transition to a low carbon energy system by 2050, but there are different w

about 11 years ago
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