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UK: New Project Pass ‘First Hurdle’ in Securing Government Infrastructure Guarantee
Business & Finance

UK: New Project Pass ‘First Hurdle’ in Securing Government Infrastructure Guarantee

Energy, road and rail projects worth £33 billion have passed the first hurdle in getting a government infrastructure guarantee, Chief Secretary Danny Alexander has announced today. Forty projects are now at the stage known as pre-qualification, meaning they are eligible for the UK Guarantee scheme.

about 12 years ago
UK: Levenmouth Area Committee Members Visit World’s Largest Turbine
Business & Finance

UK: Levenmouth Area Committee Members Visit World’s Largest Turbine

Members of the Levenmouth Area Committee paid a visit to Samsung Heavy Industries at Methil’s Energy Park Fife this week to find out about progress on the world’s largest and most powerful turbine. Last week the tower and nacelle of the turbine were erected and this week work began on installing the

about 12 years ago
Statoil Cancels Wind Project Offshore Maine, USA
Business & Finance

Statoil Cancels Wind Project Offshore Maine, USA

The Norwegian energy company, Statoil, has decided to drop the offshore wind project off Maine’s coast, writes Press Herald. Statoil was planning to deploy four floating wind turbines offshore Boothbay Harbour. The main reason for Statoil to cancel this USD 120 million project was political uncertai

about 12 years ago
Offshore Wind Cost Reductions Achievable, Says JIP WiFi
Business & Finance

Offshore Wind Cost Reductions Achievable, Says JIP WiFi

Wind turbines at sea could be much cheaper. The members of the Joint Industry Project ‘Wave Impact on Fixed turbine’ (JIP WiFi) are convinced that cost reductions are achievable. The design rules currently used to determine the impact of breaking waves on the turbines are very conservative. The thin

about 12 years ago
Finland: WinWinD Files for Bankruptcy
Business & Finance

Finland: WinWinD Files for Bankruptcy

WinWinD has submitted a voluntary petition on bankruptcy to the District Court on October 3, 2013. The District Court has allowed the petition and appointed Attorney Pauliina Tenhunen as the Administrator to take care of the further process. WinWinD has been incurring heavy losses for the past sever

about 12 years ago
SSE: Labour Party Price Capping Could Jeopardize Offshore Wind Investment
Business & Finance

SSE: Labour Party Price Capping Could Jeopardize Offshore Wind Investment

SSE has warned that the U.K. opposition Labour Party could delay investments in offshore wind due to their plan to cap energy bills if they win the 2015 elections, writes Bloomberg. SSE spokesman Justyn Smith said: “Although we are continuing to develop offshore wind projects, it’s now also becoming

about 12 years ago
UK: GIB Invests GBP 58.6 Million in London Array
Business & Finance

UK: GIB Invests GBP 58.6 Million in London Array

The UK Green Investment Bank (GIB) today announced a £58.6 million investment in the world’s largest offshore wind farm – London Array. The investment will refinance a significant portion of Masdar’s 20% equity stake in the project. GIB’s senior debt commitment is being made alongside co-lenders: Th

about 13 years ago
UK: Adur and Worthing Councils Worried about Job Creation from Rampion OWF
Business & Finance

UK: Adur and Worthing Councils Worried about Job Creation from Rampion OWF

Adur and Worthing councilors held a meeting of their joint planning committee regarding the Rampion offshore wind farm, at which they expressed their skepticism about the benefits that the development could bring to the area. The councilors believe that of the 1,000 jobs that are said to be created

about 13 years ago
Germany: Siemens Works to Reduce Offshore Wind Costs
Business & Finance

Germany: Siemens Works to Reduce Offshore Wind Costs

Siemens will reduce the cost of offshore wind turbines by 30 percent by 2020. The head of the offshore wind business from Siemens, Michael Hannibal told this to the Handelsblatt news site. As a result, the price of electricity per kilowatt-hour will drop to about ten euro cents. Today, the kilowatt

about 13 years ago
REpower Erects Its 5,000th Wind Turbine (Germany)
Business & Finance

REpower Erects Its 5,000th Wind Turbine (Germany)

Suzlon Group-subsidiary REpower Systems SE announced the completion of installation of its 5,000th turbine, located in Baden-Württemberg’s biggest public wind farm, “Großer Wald”, near Buchen in the Neckar-Odenwald district. Five REpower 3.2M114 turbines that comprise the wind farm will produce arou

about 13 years ago
Mita-Teknik Completes Acquisition of Danish Wind Nordic
Business & Finance

Mita-Teknik Completes Acquisition of Danish Wind Nordic

On October 7th 2013, Mita-Teknik completed the acquisition of the Danish technology company, Wind Nordic, and hereby takes over all of Wind Nordic’s activities within wind turbine optimization. Wind Nordic, who, like Mita-Teknik delivers services to the wind industry, are market leaders within; load

about 13 years ago
Denmark: Vestas Disposes of Machining and Casting Units to VTC Partners
Business & Finance

Denmark: Vestas Disposes of Machining and Casting Units to VTC Partners

As part of Vestas’ turnaround plan announced in January 2012 and as also restated in the interim financial report for the second quarter of 2013, Vestas has been negotiating with potential buyers of Vestas’ machining and casting units. These negotiations have now been finalised with the signing of a

about 13 years ago
Fendercare Marine to Supply Yokohama Fenders to Eastport UK
Business & Finance

Fendercare Marine to Supply Yokohama Fenders to Eastport UK

Norfolk based Fendercare Marine, one of the world’s foremost suppliers of marine products and services, has won a significant contract to supply Yokohama fenders to Eastport UK, Norfolk’s premier port. The contract, won against strong international competition, is for the supply of 17 Yokohama pneum

about 13 years ago
WINDEA one Catamaran Successfully Starts Its Operation (Germany)
Business & Finance

WINDEA one Catamaran Successfully Starts Its Operation (Germany)

Since the commissioning, the WINDEA one catamaran has had its schedule fully chartered out. After two short termed charters, the WINDEA one and its crew is now operating for the wind farm Borkum West II for a longer period. The WINDEA one is directly chartered by TRIANEL Windkraftwerk Borkum GmbH &

about 13 years ago
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