GCube has launched a Political Risk Insurance (PRI) offering in response to a rising number of client enquiries regarding political and credit risks. As the international renewable energy sector expands and diversifies into new emerging markets, whilst continuing to feel the effects of a global rece
Royal Boskalis Westminster N.V. (Boskalis) achieved revenue of EUR 3.5 billion in 2013 (2012: EUR 3.1 billion). Net profit rose sharply to EUR 366 million (2012: EUR 249 million), partly due to a number of extraordinary items amounting to EUR 97 million post tax. Boskalis intends to distribute a div
Van Oord had a better year in 2013 than in 2012. The year closed with an almost equal turnover of EUR 1,641 million (2012: EUR 1,676 million). At EUR 130 million, the net profit was considerably higher than in 2012 (EUR 98 million), and the company’s order portfolio was similar to the previous year.
Schneider Electric has been selected as a preferred supplier of power equipment for Areva’s offshore wind projects in France. This includes in particular the wind farm of 100 5MW turbines in the bay of Saint Brieuc off the coast of Brittany and the current tenders for the offshore wind farms at Le T
Tidal Transit has won the ‘Small Growing Business’ section of the 2014 Mayor’s Business Awards. Tidal Transit is one of North Norfolk’s most vibrant small businesses, having built a fleet of three state of the art personnel transfer vessels [PTVs] which are currently on long-term charter to the Sher
The U.S. Department of Energy (DOE) today announced $10 million to strengthen the support the design, manufacturing, demonstration, and testing of sustainable, environmentally responsible marine and hydrokinetic (MHK), and wave and tidal energy technology. Wave Energy Converter (WEC) The Energy Depa
Ashtead Technology, an Aberdeen-based subsea equipment specialist, has ordered nearly £3 million worth of 6G acoustic positioning technology from Sonardyne International Ltd. The equipment ordered includes Compatt 6, GyroCompatt 6, ROVNav 6, Scout and Ranger 2 USBL systems and WSM 6 transponders. So
DONG Energy will elect Thomas Thune Andersen, currently a member of Scottish & Southern Energy’s (SSE) Board of Directors, as its new Chairman. As SSE and DONG Energy have a partnership within wind energy industry, Thomas Thune Andersen must resign from the Board of Directors of SSE, before he can b
A2SEA earned DKK 276,5 million (EUR 37 million) in 2013, which is the largest ever profit for the company in the 14 years of its operation. “We secured a very large occupancy of our vessels in 2013 including our new vessel SEA INSTALLER operating throughout the entire year. This has resulted in an i
The developer of what is expected to be the first offshore wind farm in Taiwan, Formosa Wind Power Co. Ltd., has hired a Dutch-based company MECAL to act as technical advisor for the project. MECAL’s involvement focuses on wind turbine generator (WTG) procurement including technology evaluations of
Following a competitive tendering process conducted on behalf of one of the big six energy companies by ECOSSE SUBSEA SYSTEMS, industrial supply company OAASIS GROUP LTD was awarded a two year framework agreement by the energy company to supply personal protective equipment (PPE) and maintenance, re
Ballast Nedam has issued its annual results for 2013, which show that the company had a difficult year. However, its results in the offshore wind energy market were rather good. Results in line with the press release of 5 February 2014 Operating loss of € 30 million, including € 18 million of restru
Hydro power and renewable energy specialist Andy Billcliff has joined Tidal Lagoon Power, the development company behind the proposed Swansea Bay Tidal Lagoon. Billcliff (55) will work with Chief Executive Mark Shorrock and the development team at Tidal Lagoon Power to develop up to five full-scale
Rolls-Royce has secured a contract to supply water jets for three wind farm support vessels (WFSVs) to be built by South Boats IOW for the offshore wind transfer vessel operator Seacat Services. In one of the biggest orders made for wind farm workboats, one 24-metre and two 26-metre aluminium catama
