Offshore Renewables News - page 51

 

New CEO to Lead Development of U.S. First Commercial-scale Offshore Wind Project

Feb 07, 2022

U.S. offshore wind developer Vineyard Wind said Friday that Klaus S. Moeller, Project Director of Vineyard Wind 1 offshore wind project, was being promoted to CEO.Vineyard Wind, a joint venture between Copenhagen Infrastructure Partners (CIP) and Avangrid Renewables…

ABB Secures $27M Order to Equip Eneti's WTIV Duo

Feb 07, 2022

ABB has secured an order of around $27 million to supply Eneti’s two newbuild vessels with advanced power, automation, and control systems for improved safety and performance.The two $330 million wind turbine installation vessels (WTIV) will…

Fred. Olsen Windcarrier Plans IPO. Eyes Fourth Installation Vessel

Feb 03, 2022

Offshore wind installation services company Fred. Olsen Windcarrier said Thursday it planned to launch an initial public offering and apply for a listing on the Oslo Stock Exchange.The company, based in Oslo, owns three purpose-built transportation and installation (“T&I”) jack-up vessels…

Siemens Gamesa Replaces CEO; Eickholt to Take the Helm

Feb 02, 2022

Struggling wind turbine maker Siemens Gamesa on Wednesday named a new chief executive for the second time in less than two years, more than 10 days after issuing the latest in a series of profit warnings.Jochen Eickholt, management board member of Siemens Gamesa's German parent Siemens Energy…

Ørsted Expects Pickup in Wind Speeds to Lift Earnings

Feb 02, 2022

Renewable energy company Ørsted on Wednesday missed fourth-quarter operating profit expectations, but said it expected a boost in earnings as wind speeds should return to normal this year after an unusually calm 2021.Ørsted's shares rose by as much as 6% at opening and were trading 1…

Saipem Loses Its Footing on Path to Green Energy

Feb 02, 2022

Italy's Saipem risks becoming a casualty of the transition to cleaner energy after a shock profit warning left leading shareholders scrambling to shore up the finances of the energy services company.The Saipem board met on Tuesday to discuss the situation…

Saipem Issues Profit Warning as Costs and Pandemic Hit Margins

Jan 31, 2022

Italian energy services group Saipem is talking to investors about a possible funding package, the group said on Monday after warning it will take a heavy loss for 2021, triggering a halt in its shares to prevent a stinging sell-off.Saipem has…

Finland Grants First Research Permits for Offshore Wind Projects in its EEZ

Jan 28, 2022

Finland's government has earlier this month granted research permits for three offshore wind power projects in Finland’s exclusive economic zone. Wpd Finland Oy was granted a permit for the research area west of Jakobstad. OX2 Finland Oy received…

Strategic Shift: POSH Focuses on Floating Wind, Divests Taiwan-based JV

Jan 28, 2022

PACC Offshore Services Holdings (“POSH”), a Singapore-based offshore marine services provider, said Friday it would be will be shifting its push into renewables away from operational support in the fixed wind market into the development of the fast-growing floating wind market…

Doosan Unveils 8MW Offshore Wind Turbine, South Korea's Largest

Jan 28, 2022

Doosan Heavy Industries & Construction has unveiled South Korea's largest offshore wind turbine, a 232.5 meters tall giant with a capacity of 8MW.Doosan said Thursday it had completed the implementation of the 8MW offshore wind turbine prototype at the Korea Wind Power Demonstration Center…

Shell's Head of Renewables Steps Down

Jan 28, 2022

Shell's head of renewable energies Elisabeth Brinton has stepped down less than two years after taking the reins of the business which the company seeks to rapidly grow as part of its strategy to reduce greenhouse gas emissions.Brinton, who joined Shell in 2018…

RWE Signs Deal to Build Thor, Denmark's Largest Offshore Wind Farm

Jan 28, 2022

German renewable energy giant RWE has this week signed a 30-year concession agreement with the Danish Energy Agency (Energistyrelsen) for the rights to build and operate Denmark's largest offshore wind farm to date, the 1GW Thor. The wind farm…

Ulstein Designs SOVs for Shanghai Electric

Jan 27, 2022

Ulstein Design & Solutions, part of the Norwegian-based Ulstein Group, said it has secured ship design contracts from ZPMC for two types of service operation vessels (SOVs) that the Chinese shipyard will construct for Shanghai Electric Windpower Group…

DOE Announces $25 Million for Wave Energy Research

Jan 27, 2022

The U.S. Department of Energy (DOE) announced $25 million in funding to support increased research, development, and demonstration of technologies that harness wave power to create electricity. Wave energy converters, which capture and convert waves into carbon-free electricity…

Ørsted and Eversource to Charter Newbuild CTVs from WindServe and AOS

Jan 27, 2022

Offshore wind developers Ørsted and Eversource announced Thursday that they have chosen two regional vessel operators that will partner with Rhode Island shipyards to build crew transfer vessels (CTV) to service their wind farm projects in the U…

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