Offshore Wind
Sif Raises EUR 112 Million Through IPO
Sif Holding N.V., a Dutch manufacturer of foundation components for offshore wind and offshore oil & gas markets, completed the listing process on Euro Next Amsterdam on May 12. The company has sold 8 million ordinary shares priced at EUR 14, for a total of EUR 112 million. In addition, the placemen
Sif Raises EUR 112 Million Through IPO
Sif Holding N.V., a Dutch manufacturer of foundation components for offshore wind and offshore oil & gas markets, completed the listing process on Euro Next Amsterdam on May 12. The company has sold 8 million ordinary shares priced at EUR 14, for a total of EUR 112 million. In addition, the placemen
TenneT Raises EUR 500 Million for DolWin Trio
TenneT issued its inaugural EUR 500 million Green Schuldschein, a type of privately-placed German debt similar to a bond, which will serve to finance DolWin 1, 2 and 3 projects. The offer with an initial volume of EUR 300 million was more than two times oversubscribed, which allowed TenneT to upsize
New Offshore Wind Farms Lift RWE
Germany’s RWE Group recorded an operating result of EUR 154 million at its renewables division in the first quarter of 2016, a slight increase compared to EUR 153 million reported for the same period a year earlier, with two newly commissioned offshore wind farms in the UK and Germany helping offset
New Offshore Wind Farms Lift RWE
Germany’s RWE Group recorded an operating result of EUR 154 million at its renewables division in the first quarter of 2016, a slight increase compared to EUR 153 million reported for the same period a year earlier, with two newly commissioned offshore wind farms in the UK and Germany helping offset
Piriou Delivers Two Wind Farm Support Vessels
France-headquartered shipbuilder Piriou has delivered two 26W wind farm support vessels (WFSVs) built at the company’s shipyard in Vietnam to their European owners. The 27.4-metre Rix Leopard was delivered to Rix Sea Shuttle. From August 2016 to around September 2017, the vessel will carry the crews
Overspeed Introduces OWF Optimization Tool
Overspeed presented Wind & Economy, a new software for optimizing offshore wind farms, at this year’s Hannover Messe. The software is designed to reduce electricity production costs and to increase the effectiveness of the planning teams. In addition, the cost and energy output uncertainty is calcul
SeaPlanner Chosen for Rampion Construction Phase
SeaRoc Group’s SeaPlanner has been selected to support the construction of E.ON’s Rampion offshore wind farm. SeaPlanner will provide the Vessel & Traffic Management System (VTMS), which will be operated from the marine coordination centre based at Newhaven, and will be tracking coverage for the off
3sun Group Opens Offshore Wind Base in Hull
3sun Group has opened a new base in Hull to improve the company’s position within the offshore wind installation, inspection and maintenance services market in the UK and Europe. 3sun Group will support local energy firms such as Siemens who have recently invested in the region as part of their comm
E.ON Earmarks EUR 1.3Bn for Renewables in 2016
E.ON’s renewables unit recorded a 10 percent lower EBITDA in the first quarter of this year, but its Wind and Solar business’ EBITDA rose by 42 percent, mostly due to the commissioning of Amrumbank West and Humber Gateway offshore wind farms. The company expects the two offshore wind farms to give a
E.ON Earmarks EUR 1.3Bn for Renewables in 2016
E.ON’s renewables unit recorded a 10 percent lower EBITDA in the first quarter of this year, but its Wind and Solar business’ EBITDA rose by 42 percent, mostly due to the commissioning of Amrumbank West and Humber Gateway offshore wind farms. The company expects the two offshore wind farms to give a
A&P to Overhaul MPI Discovery
MPI Offshore’s wind turbine installation vessel MPI Discovery dry-docked at A&P Group’s Tyne yard on 6 May. The 20,000-tonne vessel will undergo specialist repair before it returns to service. Works will include inspection and repair of Azimuth thrusters and Tunnel thrusters, installation of two new
DEME Helping Shipping Giant Enter Chinese Offshore Wind Market
China COSCO Shipping and Belgium’s DEME have formed a joint venture to develop offshore wind energy in China. The cooperation is in line with the Chinese climate vision and its aim to develop renewable energy, both of which were recently incorporated in the 13th Five-Year Plan (2016-2020) for social
BMT Nigel Gee: Bigger Is Better in Wind Farm Support Vessel Market (Interview)
Wind Farm Support Vessels (WFSVs) have increased in size in the last twelve months following the changes to the UK and German codes and regulations which allowed the vessels to be longer than 24-metre load line and to carry more than 12 technicians, and the trend is set to continue, according to Ed