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Business & Finance

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Dominion Welcomes Government’s Funding
Business & Finance

Dominion Welcomes Government’s Funding

Dominion Virginia Power has been awarded an additional $47 million from the United States Department of Energy (DOE) to help fund the construction of a 12-megawatt demonstration project, consisting of two 6-megawatt offshore wind turbines on innovative substructures that will produce enough electric

about 12 years ago
SCORE Grants £48K to Tidal Transit
Business & Finance

SCORE Grants £48K to Tidal Transit

Born from an established business offering day charter fishing trips from Brancaster Staithe, Tidal Transit developed into a crew transfer and marine survey vessel provider predominantly servicing the offshore wind sector. The latest addition to Tidal Transit’s fleet is being developed with SCORE fu

about 12 years ago
Bureau Veritas’ Type Certification of Wind Turbines to Comprise GL Guidelines
Business & Finance

Bureau Veritas’ Type Certification of Wind Turbines to Comprise GL Guidelines

Bureau Veritas has announced it has successfully extended its current COFRAC accreditation to undertake Type Certification of wind turbines and components to include the GL Guidelines. This development extends Bureau Veritas capability to offer certification services to clients in the wake recent ce

about 12 years ago
BSH Approves OWP West Project
Business & Finance

BSH Approves OWP West Project

Federal Maritime and Hydrographic Agency of Germany (BSH) has issued a construction and operating license for the OWP WEST offshore wind farm. The decision comes as a result of an eight-year approval process amid which extensive studies on marine safety, environmental protection, geology, as well as

about 12 years ago
Navitus Bay to Reimburse Local Companies’ Losses
Business & Finance

Navitus Bay to Reimburse Local Companies’ Losses

Navitus Bay developers are proposing to compensate losses that local marine businesses might incur due to the construction of the offshore wind farm. Campaigners fighting the project claim that this is a signal that the developers are acknowledging the project’s negative impacts on tourism, the BBC

about 12 years ago
Siemens’ Energy Division Profit Down 54 Pct
Business & Finance

Siemens’ Energy Division Profit Down 54 Pct

German conglomerate Siemens reported the second-quarter profit of €255 million for its energy business, which is 54% lower than in the same period last year. Some of the factors that contributed to this are charges of €48 million, caused by a malfunction of bearings in some onshore wind turbines, an

about 12 years ago
Siemens Restructures Its Business
Business & Finance

Siemens Restructures Its Business

Starting October 1, 2014, Siemens’ activities will be organized into nine Divisions. The Wind Power and Renewables Division will serve, among other things, the rapidly growing field of onshore and offshore wind power generation. As part of its realignment, Siemens AG has also named its future manage

about 12 years ago
James Fisher, Mammoet Partner Up to Strengthen Their Businesses
Business & Finance

James Fisher, Mammoet Partner Up to Strengthen Their Businesses

James Fisher Marine Services Ltd (JFMS), part of James Fisher and Sons plc – the UK’s marine services provider, has announced the signing of a cooperation agreement with Mammoet Salvage B.V, a division of Mammoet. This provides an opportunity for combined capability and expertise, providing enhanced

about 12 years ago
Dong Energy Browsing Locations for Race Bank Construction Base
Business & Finance

Dong Energy Browsing Locations for Race Bank Construction Base

At a recent official launch of the Race Bank offshore wind farm project in Sutton Bridge, Dong Energy confirmed that it is looking for a suitable location for the project’s base, which could create 90 direct jobs. Robert Thornhill, Dong Energy’s project development manager said that the company coul

about 12 years ago
DECC Creates Interactive Map of Renewables Investment and Jobs
Business & Finance

DECC Creates Interactive Map of Renewables Investment and Jobs

The UK Department of Energy and Climate Change (DECC) published a new Energy Investment Report at the end of April. Since 2010, investment worth more than £45 billion has been secured in electricity infrastructure alone – the majority of this investment has been in renewable technologies. According

about 12 years ago
La Caisse Invests in London Array
Business & Finance

La Caisse Invests in London Array

One of Canada’s leading financial institutions has joined the international partnership behind London Array. La Caisse de dépôt et placement du Québec (La Caisse) has taken a 25 per cent share in the offshore wind farm after buying half of DONG Energy’s 50 per cent holding. The other shareholders ar

about 12 years ago
Dong Energy to Organize Two ‘Meet the Buyer’ Events for Burbo Bank Extension
Business & Finance

Dong Energy to Organize Two ‘Meet the Buyer’ Events for Burbo Bank Extension

Dong Energy’s team will host two “Meet the Buyer” exhibitions about the supply chain opportunities for Burbo Bank Extension Offshore Wind Farm. The events will provide an opportunity to meet senior members of Dong Energy’s procurement and project teams to discuss opportunities that may exist in the

about 12 years ago
Nenuphar Cashes in €15 Mln
Business & Finance

Nenuphar Cashes in €15 Mln

Nenuphar SA, a Lille-based company, has secured €15 million of funding in an equity round. The transaction has attracted participation of new investors, Areva S.A. and FCPR Ecotechnologies and an existing investor, IDInvest Partners. Each partner will individually invest €5 million in the transactio

about 12 years ago
Heerema Showcasing at OTC in Houston
Business & Finance

Heerema Showcasing at OTC in Houston

Heerema Fabrication Group (HFG) and Heerema Marine Contractors (HMC) are taking part in this year’s Offshore Technology Conference (OTC). The conference is running from 5-8 May at Reliant Park in Houston, where Heerema companies can be found at booth 2317. The company’s latest project in the offshor

about 12 years ago
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