934 results found for 'baltic 1'

934 results found for 'baltic 1'
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  • Ballast Nedam: “Poor Year, Sharper Strategic Focus and Solid Refinancing”

    10 March 2014
    Business & Finance

    Ballast Nedam has issued its annual results for 2013, which show that the company had a difficult year. However, its results in the offshore wind energy market were rather good. Results in line with the press release of 5 February 2014 Operating loss of € 30 million, including € 18 million of restructuring costs and […]

  • Japan: FHI Assigns Wind Turbine Generator System Business to Hitachi

    25 April 2012
    Business & Finance

    Hitachi Ltd.  and Fuji Heavy Industries, Ltd. have reached a basic agreement on the assignment of FHI’s wind turbine generator system business to Hitachi. Towards the completion of assignment, which is planned for July 1, 2012, Hitachi and FHI will discuss the specific terms of the future agreement. In recent years, environmental awareness and the […]

  • Germany: Windreich Sells ‘Deutsche Bucht’ Offshore Wind Farm

    25 October 2012
    Business & Finance, Wind Farm Update

    Windreich AG enters into a purchase agreement for the wind farm ‘Deutsche Bucht’ with an Anglo-Saxon financial investor and at the same time acquired the responsibility for the subsequent turnkey erection, commissioning and the expected future operation of the wind farm. Hence this Windreich offshore Project is a success. The Swabian wind power pioneer finally […]

  • New Jersey Steps Into Patent Dispute Between GE and Siemens Gamesa

    17 August 2022
    Authorities, Business & Finance, Technology, Wind Farm Update

    The US State of New Jersey has argued that its residents will be ”irreparably harmed” if the 1.1 GW Ocean Wind offshore wind project is not exempt from a permanent injunction against the use of GE Haliade-X wind turbines on offshore wind projects in the USA sought by Siemens Gamesa. Back in June, a jury […]

  • ABB Commissions Norway-Denmark HVDC Transmission Link

    12 January 2015
    Grid Connection

    ABB has successfully commissioned a high-voltage direct current (HVDC) link between Norway and Denmark to increase availability of renewable hydroelectric and wind power in the region’s electricity grid. At 500 kilovolts (kV), the Skagerrak 4 link sets a new record in transmission voltage using Voltage Source Converters (VSC). The converters rely on semiconductors to convert […]

  • Green Alliance Makes Suggestions for 2020s

    13 November 2014
    Authorities, Environment

    Matthew Spencer of Green Alliance, a charity and independent think tank focused on ambitious leadership for the environment, in a recently published report stressed the importance of policy decisions made and their effect on offshore wind industry through the 2020s. The UK is likely to need a minimum of 25GW of offshore wind to decarbonise its power […]

  • Wind farm support vessels: The Builders

    3 April 2012

    The one sector of the whole offshore wind energy industry where the British Isles stand in a commanding position is in the building of wind farm support vessels, of all shapes and sizes. The name “British Isles” is used because it includes the Republic of Ireland, and the yards there, including Arklow Marine, and Safehaven Marine, are just as much […]

  • GDF SUEZ Publishes First-half Robust Results with EBITDA up 8.2 pct (France)

    11 August 2011
    Business & Finance

    GDF SUEZ reported robust results for first-half 2011, with EUR 45.7 billion in revenues, an increase of +7.9% despite very unfavorable impact of weather conditions in the Group’s domestic markets. Growth in operating activities was solid with EBITDA increasing +8.2%. This strong increase came mainly from the contribution of International Power since February 2011, the […]

  • Marine Power Systems, WavEC Unveil Floating Wind Project in Portugal

    12 October 2022
    Technology, Wind Farm Update

    Marine Power Systems (MPS) and WavEC, one of the co-managers of the Aguçadoura test site offshore Viana do Castelo, have signed a Memorandum of Understanding (MoU) on deploying MPS modular floating platform technology, PelaFlex, at the Portuguese test site. The news comes shortly after MPS signed a collaboration agreement with RWE which will, inter alia, […]

  • Senvion Sold to USA Firm, Suzlon to Get Its License for Offshore Technology

    22 January 2015
    Business & Finance

    Suzlon Group today signed a binding agreement with Centerbridge Partners LP, USA to sell 100% stake in Senvion SE, a wholly owned subsidiary of the Suzlon Group. The deal is valued at EUR 1 billion equity value in an all cash transaction and future earn out of up to an additional EUR 50 million. The […]

  • BOEM to Asses Interest in Wave Energy Development Offshore Oregon

    24 March 2014
    Authorities

    The Bureau of Ocean Energy Management (BOEM) is assessing whether there is competitive interest in wave energy research or development in an area of federal waters offshore Oregon where the Northwest National Marine Renewable Energy Center at Oregon State University (NNMREC-OSU) proposes to site a hydrokinetic energy facility to test utility-scale wave energy devices. BOEM […]

  • Australia: Carnegie Makes Progress on Commercial Demonstration Project

    30 July 2012
    Business & Finance

    During the quarter Carnegie Wave Energy Limited made significant progress on its commercial demonstration project, the Perth Wave Energy Project. In addition, Carnegie continued to make technical and commercial progress on its proprietary CETO wave energy technology and commercial site development. Highlights from this quarter include: $9.9m in grant funding from the Australian Government’s Emerging […]

  • Ming Yang Q2 Profit Up

    26 August 2014
    Business & Finance

    China Ming Yang Wind Power Group Limited, a leading wind turbine manufacturer in China, announced its unaudited financial results for the second quarter ended June 30, 2014.

  • Germany: Beckhoff to Present Automation Solutions for Wind Turbines

    6 August 2012

    Beckhoff will present its PC- and EtherCAT-based automation solutions for wind turbines from September 18 to 22, 2012 at Husum WindEnergy, Germany, the world’s largest wind energy trade show. Beckhoff has automated 7,000 wind turbines with a total output of 11.2 GW in 2011 alone. Worldwide, more than 20,000 wind turbines are equipped with Beckhoff […]

  • DONG Sells Half of Burbo Bank Extension to PKA, LEGO

    11 February 2016
    Business & Finance, Wind Farm Update

    DONG Energy has signed an agreement to divest 50% of the Burbo Bank Extension project to Danish pension provider PKA and KIRKBI A/S, parent company of the LEGO Group. Each investor will obtain a 25% ownership interest in the project, and the total purchase price amounts to approximately GPB 660 million (DKK 6.6 billion) to […]

  • ABB Wins $180 Million Order for Norway-Denmark Power Transmission Link

    10 February 2011
    Grid Connection

    ABB, the leading power and automation technology group, has won an order worth about $180 million from utilities Statnett of Norway and Energinet.dk of Denmark to supply an HVDC Light® (high-voltage direct current) converter solution to support the interconnection of the Norwegian and Danish power grids.The 500 kV (kilovolt) link is a new record in […]

  • Hochtief, Ventizz Team Up for Offshore Wind Market (Germany)

    17 February 2012
    Business & Finance

    HOCHTIEF Solutions and Ventizz Capital Partners together want to acquire concessions, develop and sell farms With economic effect from February 1, 2012, HOCHTIEF Solutions and Ventizz Capital Partners have set up a joint venture for the development of offshore wind farms. The two partners each hold a 50 percent interest in the company HOCHTIEF Offshore […]

  • Service Vessel: Dynamic Impact Study

    10 April 2017

    Knowledge of impact forces is an important aspect in the design and subsequent operation of offshore wind turbines. Offshore wind turbines are typically monopile or space frame structures. In addition to their basic operational loading, these structures are designed to withstand the environmental loads experienced offshore from waves, currents and wind.

  • Bibby Marine CEO: There Are Several Boxes to Tick when Looking for Vessel Design

    22 January 2017
    Vessels

    In 2017, Bibby Line Group will reach another milestone in its 209-year history when it takes delivery of the Bibby WaveMaster 1 – a vessel designed specifically for operations & maintenance (O&M) and construction support activities for Round 3 wind farms. And even in the ‘worst-case scenario’ in terms of the numbers of offshore wind […]

  • Lhyfe, Capital Energy Eye Green Hydrogen Opportunities Offshore Iberian Peninsula

    12 June 2023
    Business development, Collaboration, Outlook & Strategy, Research & Development

    Lhyfe and Capital Energy have signed a collaboration agreement for the joint development of offshore renewable hydrogen projects in Spain and Portugal. Under the agreement, the two companies will work together to create hydrogen production sites at some of the offshore wind farm sites currently being developed by Capital Energy. The Spanish energy company already […]

  • HEALTH & SAFETY: Helping to make maintenance safer and more efficient

    11 March 2016

    The long term employment prospects within the offshore wind industry lie with the Operation and Maintenance work that will keep the turbines producing electricity for the next 20+ years.  Hundreds of men and women will be climbing up the towers from boats, or down from helicopter dropping areas, into the nacelles for a long time […]

  • Germany: E.ON’s 2011 Earning Down

    4 May 2012
    Business & Finance

    E.ON released financial result for 2011. “Despite a difficult business environment, we have made very good progress in implementing our strategy and reorganizing our company. We moved resolutely forward on our consolidation course; the worst adverse effects are behind us. E.ON 2.0, our efficiency-enhancement program, is making good. The earnings growth at our renewables business […]

  • ESB and Ørsted Enter 5 GW Offshore Wind, Green Hydrogen Partnership in Ireland; Reveal Plan to Bid in Next Irish Auction

    2 June 2023
    Business & Finance, Wind Farm Update

    ESB and Ørsted have signed an agreement to jointly develop a portfolio of up to 5 GW of offshore wind and complementary green hydrogen projects in Ireland, with the first of these offshore wind projects expected to compete in the next Irish auction, ORESS 2.1. The agreement also marks Ørsted’s entry into the Irish offshore […]

  • Beothuk Energy to Merge with Canadian Imperial Venture Corp.

    11 September 2014
    Business & Finance

    Beothuk Energy Inc. (BEI) has entered into a Letter of Intent (LOI) to merge with Canadian Imperial Venture Corp. Under the terms of the LOI, CIVC will issue one common share for every issued and outstanding share of BEI, up to a maximum of sixty-two million common shares. Over the last several years, BEI has […]

  • US Starts Working on Offshore Wind Leasing in Oregon, Central Atlantic Coast

    28 April 2022
    Authorities, Wind Farm Update

    The US Bureau of Ocean Energy Management (BOEM) has published two Calls for Information and Nominations to solicit information from the public and determine industry interest in potential commercial wind energy development offshore Oregon and in the Central Atlantic. This was announced by BOEM Director Amanda Lefton at the International Offshore Wind Partnering (IPF) Forum […]

  • How Wind Turbine OEMs Could Optimize Their Supply Chain?

    20 January 2014

    The wind industry needs to optimize its supplier base in order to reduce costs and improve turbine performance and reliability.  Written by Borje Axelsson from ABB: You have too many suppliers! Don’t worry, you are not alone. This is typical for a fast changing industry like Wind, where just finding suitable components is a higher […]