Van Oord’s turnover for 2012 amounted to EUR 1.676 million (2011: EUR 1,715 million), and net profits for 2012 were EUR 98 million (2011: EUR 118 million). Its order portfolio is well filled, rising to EUR 1.9 billion at the end of 2012. ‘Our net results are in line with our expectations’, says CEO
An amount of EUR 500 million, intended for investments in power grid in the Netherlands, is likely to be raised through selling a minority stake in the Dutch power grid operator TenneT, according to Reuters. The company is planning to connect wind farms and to upgrade the grid in the north of the co
ABB, the global power and automation technology group, has led a $12 million investment in Scotrenewables Tidal Power, a provider of tidal turbine systems, to support the rollout of a new hydrokinetic device and to expand ABB’s renewable energy assets. ABB’s participation was made through its ventur
Following a successful first year, coastal communities across the United Kingdom are getting another chance to receive a multi-million pound boost from the Coastal Communities Fund (CCF). Applications for this year’s pot of £27.8 million will open on 13 March 2013. The funds available have increased
After the Bureau of Ocean Energy Management (BOEM) issued a Call for Information and Nominations for commercial wind leases off the North Carolina coast in December, five companies expressed their interest in offshore wind development there, the Charlotte Observer informs. The companies filed positi
Electricity transporter and high-voltage grid operator TenneT has again made huge efforts in 2012 to strengthen and expand its grids in the Netherlands and Germany. Revenues and profit increased in accordance with this growth. In 2012 TenneT invested EUR 1.6 billion. By doing this TenneT is facilita
Seacat Services, a leading offshore wind farm vessel transfer operator, will, by the end of 2013, have invested over £15 million in manufacturing and jobs on the Isle of Wight. This entire investment has been achieved in less than two years and represents a significant cash injection into the local
PNE WIND AG intends to issue corporate bonds in the first half of 2013 amounting to EUR 100 million on the Prime Standard segment of the Deutsche Börse (German Stock Exchange). PNE WIND AG intends to use the proceeds to fund both organic and inorganic future growth. To this extent, the planned issua
RBS has earned double success as provider of finance for renewable energy projects in the UK and US, firmly establishing its position as a leading provider of products and services to the green energy industry. In the UK RBS has taken first position in the Infrastructure Journal’s league table of UK
Helix Energy Solutions Group’s Canyon Offshore subsea contracting business unit signed contracts for a new Perry XT 1500 Seabed Trenching System and two 200 horsepower Perry XLX work class ROVs, to be built by Forum Energy Technologies, Inc. The XT 1500 trencher will support Canyon Offshore’s Oil &
Seaway Heavy Lifting (SHL) has won a new contract with Gwynt y Môr Offshore Wind Farm Limited to begin the second half of foundation installation off the North Wales coast. SHL’s crane vessel ‘Stanislav Yudin’ will go to Liverpool Bay in May this year to install the last 80 of the 160 monopile found
Wirral Council is proposing to buy a site on Campbeltown Road in Birkenhead, which has been assigned for a project to meet the offshore wind supply chain demand, Liverpool Echo informs. The four-acre site is situated next to the Cammell Laird site that currently has operations and maintenance sites
SIAG Schaaf Industries CEO Andrew Seidl said that the company has been saved from bankruptcy, writes German Täglicher Hafenbericht. The company announced bankruptcy last year in October. At the creditors’ meeting, which was held on Wednesday, a reorganization plan was approved. This decision has ter
On March 5, police searched the headquarters of the German wind developer Windreich, which is under investigation by the Stuttgart Public Prosecution Office, Frankfurter Allgemeine Wirtschaft reports. The Stuttgart Prosecution Office is investigating the wind farm developer, suspected of balance she
