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Business & Finance

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GWS Carries Out Cold Commissioning on Global Tech I
Business & Finance

GWS Carries Out Cold Commissioning on Global Tech I

Global Wind Service (GWS) has recently completed a contract with AREVA supporting the cold commissioning of the 5MW wind turbines on the Global Tech I offshore wind farm in the German North Sea. The scope of work covered the mechanical and electrical completion works. The contract was a continuation

about 11 years ago
Megavind Suggests Ways to Optimize Wind Farms
Business & Finance

Megavind Suggests Ways to Optimize Wind Farms

Danish strategic partnership Megavind has recently presented the report “Increasing the value of wind in energy systems with large shares of wind”. The ninth strategy report from Megavind provides recommendations with a focus on the internal optimization of wind farms. The report discusses future te

about 11 years ago
ELA Offshore Container’s Future Looks Bright
Business & Finance

ELA Offshore Container’s Future Looks Bright

ELA Offshore Container GmbH has announced that the year 2015 kicks off with many happenings, projects and events for the company. “I am very excited about what lies ahead in 2015,” says Hans Gatzemeier, CEO at ELA Offshore Container GmbH. After a successful start in 2014, the company has already 350

about 11 years ago
Utiligensia to Work on Vattenfall’s Offshore Wind Projects
Business & Finance

Utiligensia to Work on Vattenfall’s Offshore Wind Projects

Utiligensia has been awarded a further contract by Vattenfall Wind Power Ltd, for the provision of interim commercial support to the Valuation & LEC Management team. The work comprises finanical modelling, analysis and valuation services to German and UK offshore wind projects during development and

about 11 years ago
RXPE Wins Burbo Bank Extension Contract
Business & Finance

RXPE Wins Burbo Bank Extension Contract

RXPE has won a design & build contract from DONG Energy for the supply of its Utility grade STATCOMs. DONG Energy has selected RXPE through a competitive tender process to provide a turnkey deliver of a ±50MVAr MAXIVAR™ Utility grade STATCOM for its 256MW Burbo Bank Extension Offshore Wind Farm, com

about 11 years ago
UK PM Backs Perpetuus Tidal Energy Centre
Business & Finance

UK PM Backs Perpetuus Tidal Energy Centre

In the UK Prime Minister’s Questions yesterday, Mr Andrew Turner, MP for the Isle of Wight, asked if David Cameron would join him in supporting the Perpetuus Tidal Energy Centre, a public / private partnership. Mr Turner explained the centre, based on the Isle of Wight, will provide the world’s firs

about 11 years ago
OW Installation Vessel Market to Reach Around USD 3 Bln by 2020, Report Says
Business & Finance

OW Installation Vessel Market to Reach Around USD 3 Bln by 2020, Report Says

Reportstack has announced the publication of a market research report on Offshore Vessels and Cables Market, which says that the market is expected to register substantial growth between 2014 and 2020. Reportstack’s report on “Offshore Vessels and Cables Market – Market Size, Competitive Landscape a

about 11 years ago
Windcarrier Launches Its First German Business Unit
Business & Finance

Windcarrier Launches Its First German Business Unit

Fred. Olsen Windcarrier has opened its first German business unit in Hamburg. Fred. Olsen Windcarrier GmbH, which opened officially on January 1st 2015, will be the centre of business development activity for the company’s interests in the German offshore wind market, focused on identifying and secu

about 11 years ago
Suzlon in Talks over Its German Subsidiary
Business & Finance

Suzlon in Talks over Its German Subsidiary

Indian wind energy manufacturer, Suzlon, is in talks over the sale of its German subsidiary Senvion, sources close to the matter revealed to Bloomberg. Senvion, potentially worth EUR 2.11 billion, has sparked interest from Chinese companies and a large buyout fund, they have added. Raj Kothari, a fi

about 11 years ago
Almost Half of EnBW Baltic 2 OWF Sold for EUR 720 Mln
Business & Finance

Almost Half of EnBW Baltic 2 OWF Sold for EUR 720 Mln

EnBW Energie Baden-Württemberg AG has sold 49.89 percent of its shares in the offshore wind farm EnBW Baltic 2 to Macquarie Capital, the principal investment, advisory and capital markets arm of Macquarie Group. A corresponding purchase agreement has now been signed. “This means that we have now suc

about 11 years ago
NStar and National Grid Ditch Cape Wind Agreement
Business & Finance

NStar and National Grid Ditch Cape Wind Agreement

Cape wind was dealt a significant setback by both NStar and National Grid yesterday. Namely, the two Massachusetts’ utilities decided to terminate the power purchase agreement as the wind farm developer failed to meet the deadline to obtain financing and begin construction by the end of 2014. Northe

about 11 years ago
Market Outlook to 2025 of Wind Power in Sweden Now Available
Business & Finance

Market Outlook to 2025 of Wind Power in Sweden Now Available

Research and Markets has announced the addition of the “Wind Power in Sweden, Market Outlook to 2025, Update 2014 – Capacity, Generation, Levelized Cost of Energy (LCOE), Investment Trends, Regulations and Company Profiles” report to their offering. The report provides an in-depth analysis on global

about 11 years ago
Vestas Raises Cash Flow Expectation
Business & Finance

Vestas Raises Cash Flow Expectation

Danish wind turbine manufacturer, Vestas, has upgraded its free cash flow expectation to EUR 850 million. According to the company, the previous expectation of EUR 400-700 million was changed based on preliminary report. “The improvement is primarily driven by a better-than-expected development of t

about 11 years ago
OPUS MARINE Acquires New Offshore Accommodation Containers
Business & Finance

OPUS MARINE Acquires New Offshore Accommodation Containers

OPUS MARINE GmbH has expanded its portfolio with the acquisition of six new offshore accommodation containers. Based on many years of offshore experience, the engineers of OPUS’ daughter company DIOGENES MODULES have designed a module perfectly matching the versatile requirements of the industry. Th

about 11 years ago
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