Offshore Wind
Vestas Raises Cash Flow Expectation
Danish wind turbine manufacturer, Vestas, has upgraded its free cash flow expectation to EUR 850 million. According to the company, the previous expectation of EUR 400-700 million was changed based on preliminary report. “The improvement is primarily driven by a better-than-expected development of t
Vestas Raises Cash Flow Expectation
Danish wind turbine manufacturer, Vestas, has upgraded its free cash flow expectation to EUR 850 million. According to the company, the previous expectation of EUR 400-700 million was changed based on preliminary report. “The improvement is primarily driven by a better-than-expected development of t
NIBC Assists in Ballast Nedam Acquisition
NIBC has advised Ballast Nedam on sale of Ballast Nedam Offshore. Namely, in early 2014 Ballast Nedam asked NIBC to examine the strategic options for the offshore business. After careful consideration of a number of options, Ballast Nedam and NIBC concluded that the sale of Ballast Nedam Offshore –
UK Parliament Debate: Offshore Wind – Industry of Opportunities or ‘Subsidy Junkies’?
UK Ministers of Parliament debated the effect of the Contracts for Difference (CfD) allocation process on offshore wind developments in one of five Westminster Hall debates this morning (January 6). The majority of MPs have stressed the industry’s positive overall impact on employment, local and nat
WFW Advises Strabag on Albatros OWF Sale
STRABAG OW EVS GmbH (“STRABAG“), a joint venture between STRABAG AG and the Norderland Group, has been advised by Watson Farley & Williams (“WFW“) on all legal and tax aspects of the sale of the “Albatros” offshore wind farm project to EnBW Energie Baden-Württemberg AG (“EnBW“). The planned offshore
V164-8.0 MW Scoops Best Offshore Wind Turbine Award
MHI Vestas Offshore Wind’s flagship wind turbine, the V164-8.0 MW has won the gold medal for the best offshore machine in the Windpower Monthly Turbines of the year competition. Windpower Monthly technology editor Eize de Vries wrote that the V164-8.0 MW “combines a clever mix of state-of-the-art an
Fred Olsen’s ‘Lifesaver’ Heads Out to USA
Fred Olsen’s wave energy converter, “Lifesaver”, has left A&P Falmouth Limited shipyard for further deployment and electrical generation off the Pacific island of O’ahu, Hawaii. The main sections of the device were manufactured, painted, assembled and deployed from A&P’s shipyard in Falmouth nearly
BOEM Extends Virginia Offshore Wind Public Comments Deadline
The Bureau of Ocean Energy Management (BOEM) is giving the public an extra two weeks to comment on wind energy project offshore Virginia. The Virginia Department of Mines, Minerals and Energy (DMME) plans to install and operate two 6 MW wind turbine generators as part of research activities plan cal
Stormy Weather Boosts German Wind Power Generation
Stormy and unpredictable weather in the past few weeks has brought German wind energy to a new record. With a total of 8.9 billion kWh of wind power, the record from 2011 (8.4 billion kWh) was exceeded in December 2014, the International Economic Platform for Renewable Energies (IWR) has announced.
Stormy Weather Boosts German Wind Power Generation
Stormy and unpredictable weather in the past few weeks has brought German wind energy to a new record. With a total of 8.9 billion kWh of wind power, the record from 2011 (8.4 billion kWh) was exceeded in December 2014, the International Economic Platform for Renewable Energies (IWR) has announced.
OPT Names New Head of Company
Ocean Power Technologies’s Board of Directors has appointed George H. Kirby as President, Chief Executive Officer (CEO), and Director effective January 20, 2015. Terence J. Cryan, Chairman of the Board of OPT, stated, “George has a broad wealth of experience in the energy sector and a proven track r
MPI Acquires RWE’s Victoria Mathias WTIV
MPI Offshore has acquired wind turbine installation vessel (WTIV), Victoria Mathias, from RWE Innogy. Built in 2011 the vessels is designed to transport, lift and install wind turbines and their foundations. Key features include a 1,000-tonne-capacity main crane, a maximum operating depth of 45 metr
JDR Appoints New CEO
David Currie was appointed as JDR Chief Executive Officer and a member of the Board of Directors, effective 12 January 2015. David is an accomplished industry leader with nearly 30 years’ experience in the global offshore energy industry, most recently the UK Regional President for Aker Solutions. P
Tidal Lagoon Power Eyes Cardiff Bay
Company developing Swansea Bay tidal lagoon is planning a similar project in Cardiff Bay. Tidal Lagoon Power released details about the project to Planning Inspectorate. According to their website, the tidal lagoon will have a capacity between 1800MW and 2800MW. The project would comprise a seawall