Offshore Wind
DNV GL Appoints New EVP and Maritime CEO
DNV GL Group has appointed Tor Svensen as Group Executive Vice President (EVP). Knut Ørbeck-Nilssen will succeed Tor Svensen as Chief Executive Officer of its Maritime business area. Both will report to the incoming Group President & CEO Remi Eriksen, starting 1 August 2015. Since 2013, Ørbeck-Nilss
Uptime Engineering Sets Up UK Base
Due to growing demand for wind energy optimisation projects in the UK, Uptime Engineering has established a new base in Bristol, led by Staffan Lindahl. Lindahl has been working in the wind industry for nearly 10 years in the field of performance analysis and asset optimisation. He will coordinate p
JBA Supports Swansea Bay Development
JBA Consulting, an environmental engineering company, is backing Tidal Lagoon Power in the development of Swansea Bay tidal lagoon project. The company is supporting the project in the preparation of evidence for the discharge of the environmental DCO and Marine Licence conditions. They are also adv
CAPE Holland Hands Over Vibro Hammer Tandem to SHL
Seaway Heavy Lifting (SHL) has taken possession of a CAPE Holland Tandem CV-320 Vibro Lifting Tool. On Friday, May 22nd, CAPE Holland officially handed over a Tandem CV-320 Vibro Lifting Tool (VLT) to Seaway Heavy Lifting during the CAPE Holland Product Launch. This new acquisition replaces the tand
CAPE Holland Hands Over Vibro Hammer Tandem to SHL
Seaway Heavy Lifting (SHL) has taken possession of a CAPE Holland Tandem CV-320 Vibro Lifting Tool. On Friday, May 22nd, CAPE Holland officially handed over a Tandem CV-320 Vibro Lifting Tool (VLT) to Seaway Heavy Lifting during the CAPE Holland Product Launch. This new acquisition replaces the tand
Acta Marine Preparing to Install BlueTec Tidal Platform
Acta Marine’s Coastal Chariot will soon install the floating BlueTec platform, south of the island of Texel in The Netherlands. Acta Marine has coincided the installation process with Van Oord Offshore. In June, the Coastal Chariot will tow and hook-up the platform. The DP1 Ultra Shallow Draft Multi
French Tidal Energy Company Gets EUR 500K in Funds
Eel Energy, French tidal energy technology company, has announced that it received EUR 500,000 from Bpifrance and the Nord-Pas de Calais region. In the meantime, historical shareholders of the company subscribed to a convertible bond of € 500k. This financing will allow the company to finalize its 1
BSH Reduces Cable Depth Requirements
The Germany’s Federal Maritime and Hydrographic Agency (BSH) has released an update of the Federal Trade plan for offshore power grid planning in the EEZ of the North Sea (BFO-N). The update includes minor changes in the route and location planning. Also, it reduces the required covering height for
BSH Reduces Cable Depth Requirements
The Germany’s Federal Maritime and Hydrographic Agency (BSH) has released an update of the Federal Trade plan for offshore power grid planning in the EEZ of the North Sea (BFO-N). The update includes minor changes in the route and location planning. Also, it reduces the required covering height for
Market Conditions Make Royal IHC Cut Staff
Royal IHC has announced that it will accelerate the implementation of its ‘IHC 2020’ strategy, which was announced in 2014, as a direct result of the rapidly deteriorating market. The strategy aims to reduce the company’s dependence on the volatile shipbuilding industry. IHC said it will focus on th
Indian Equity Fund Acquires 21 Pct Share in Senvion
According to Indian media, a private equity fund Arpwood Capital has acquired 21% shares of Senvion, German turbine manufacturer recently taken over by Centerbridge Partners. The purchase is said to be worth $112 million and funded through a leveraged buyout. This is in line with Arpwood’s strategy,
OIL’S CONTAGIOUS EFFECT ON ELECTRICITY PRICES: What Effect Will Low Oil Prices Have on Offshore Wind Projects?
In recent years, the shale gas revolution has contributed to the United States surpassing Russia and Saudi Arabia in oil production. The surge in oil production worldwide and Saudi Arabia’s strategic decision not to reduce its oil production led to declining oil prices. These lower prices have a con
Top News of the Week Jun 8-14, 2015
Siemens Nets Massive Offshore Wind Turbine Deal ScottishPower Renewables has selected Siemens as its preferred turbine supplier for the East Anglia ONE offshore wind farm. Bladt Reports First Net Loss in Decade Danish steel contractor, Bladt Industries, has reported its first net loss in a decade du
Top News of the Week Jun 8-14, 2015
Siemens Nets Massive Offshore Wind Turbine Deal ScottishPower Renewables has selected Siemens as its preferred turbine supplier for the East Anglia ONE offshore wind farm. Bladt Reports First Net Loss in Decade Danish steel contractor, Bladt Industries, has reported its first net loss in a decade du