A Memorandum of Understanding has been signed to complete a pre-feasibility study for the development, financing, construction and operation of a 5,000MW electricity transmission system which will export large-scale renewable energy generated from wind, from Ireland to the UK starting from 2017. The
Oceanteam Shipping has announced a joint venture with WIND B.V. from the Netherlands to offer a complete range of submarine cable storage and handling services to cable manufacturers, contractors and operators. OceanWind Cable Storage Solutions joint venture provides, at its cable facility in Velsen
Residents of Assateague Island are opposing the power transmission project which would deliver offshore wind energy from future projects built off the coasts of Virginia, Maryland, Delaware and New Jersey. According to DelmarvaNow news site, Ocean City attorney Hugh Cropper IV wrote to Atlantic Wind
RTE France (Réseau de transport d’électricité) seeks for advice and technical assistance for the specification, procurement, monitoring and operating of offshore geotechnical and geophysical studies in the part of the electrical connections of offshore wind farms. Eventually, advice and technical as
The Prysmian Group, world leader in the energy and telecom cables and systems industry, has signed an agreement to acquire 100% of Global Marine Systems Energy Limited (GME) from Global Marine Systems Ltd (GMSL) for a purchase price of approximately €53 million. GME is a British company active in th
The Bureau of Ocean Energy Management (BOEM) has announced the publication of a draft form for right-of-way (ROW) grants of submerged lands on the Outer Continental Shelf (OCS) to support renewable energy development. BOEM is requesting feedback on the form, which is intended to streamline the agenc
A significant increase in the share of renewable energy to 40-55 percent of the European energy mix by 2050 will place great demands on the European electricity infrastructure. Meeting these demands will require considerable investments in new infrastructure to make more efficient use of existing in
A key challenge facing the UK offshore renewables industry – how to monitor subsea cables that bring energy onshore – is set to be tackled by researchers at Heriot-Watt University. An intelligent monitoring system which will safeguard underwater cable networks is being developed, with funding from S
TenneT’s CEO Mel Kroon told Reuters that the company will finalize the sale of minority stakes in the SylWyn1 and DolWyn1 cables by the end of this year as it needs to raise funds to build new power links in Germany. This sale will total in 6 out of 10 TenneT’s German offshore projects valued [&hell
In the first six months of 2012 TenneT realised a steady growth (underlying) of revenue and profit in both the Netherlands and Germany. Underlying revenue amounted to EUR 842 million (EUR 816 million reported revenue), with underlying growth both in the Netherlands (23%) and in Germany (28%). Underl
Representatives from submarine cable and offshore wind industries, together with regulatory bodies, have issued guidance on the proximity of submarine cables to offshore wind farms. The guidance provides a framework for collaborative working between the industries for mutual benefit, particularly in
As the issues on grid connection of German offshore wind farms hold back the development in the North Sea, German power network operator 50Hertz expects a shift of investor interest to offshore wind in the Baltic Sea. Reuters quotes the company’s CEO as saying that the expected offshore wind power c
At ONS 2012, JDR, a leading supplier of high performance subsea cables and umbilical systems, will showcase its evolving range of custom design products for the global oil, gas and renewable energy markets. Key product innovations on show will include JDR’s Open Water IWOC Umbilical Systems for next
The Statnett Group reports profit after tax of NOK 187 million in the second quarter of 2012. The corresponding figure for the same period in 2011 was NOK 126 million. Profit after tax for the first half of 2012 was NOK 452 million, compared to NOK 520 million for the first half of 2011. Profit [&he
