Norwegian offshore engineering and construction company Kvaerner expects 2020 revenue and EBITDA to be lower compared to 2019, citing an effect of the market cycle with few new orders in 2018 and 2019. Kvaerner on Wednesday released results for the fourth quarter and full year of 2019…
The Hamburg Institute of International Economics (HWWI) has drafted a new market analysis on offshore wind energy and decommissioning in the scope of the INTERREG-North Sea project 'DECOM Tools'.Against the background that offshore wind energy…
The 128MW Formosa 1 offshore (FOWI) wind farm, off the coast of Taiwan, has deployed operations and maintenance (O&M) software from Renewable Strategy Limited.The RSL Manager - a computerized maintenance management software (CMMS) system - will monitor…
Danish energy giant Ørsted has entered into an agreement with the Port of Virginia to lease a portion of the Portsmouth Marine Terminal for offshore wind staging materials and equipment.According to Virginia governor's office, Orsted could use…
The global wind power industry is expected to install more than 626,800 MW of new capacity over the next decade, said a report.According to a report from Navigant Research, this new capacity represents a market worth more than $92 billion in 2019 and more than $1 trillion over the forecast decade…
Wind turbine manufacturer MHI Vestas Offshore Wind (MHI Vestas) has installed a prototype of its V174 offshore wind turbine at the Osterild National test center in Denmark.The 9.5MW unit will be now be put through a “robust test program ...…
Vestas, in the midst of its busiest period on record, said on Wednesday sales would continue to rise this year driven by healthy demand for its wind turbines. Demand for renewable power has been growing in tandem with global efforts to combat climate change…
Equinor joined other major European oil and gas companies on Thursday by including emissions from the fuel it sells to customers in its carbon reduction targets as investors step up the pressure on fossil fuel producers. By including so-called…
Commercial activity increased significantly in the offshore segment, with order intake in the last twelve months doubling to 3,343 MW, said Siemens Gamesa Renewable Energy(SGRE)Of that figure, 1,279 MW were signed in the first quarter of FY2020 (October 2019 - December 2019)…
Singapore based offshore service provider Kim Heng Offshore & Marine has won a contract for the installation of horizontal directional drilling (“HDD”) conduits for an offshore wind project in Taiwan.Kim Heng said Tuesday that the contract was…
DeepOcean, a global subsea services company, is set to move its UK headquarters to a new base in Darlington.The company specializes in engineering and marine works solutions for large subsea cable projects associated with offshore wind farms…
Offshore Wind Growth Partnership (OWGP) has awarded seven UK companies with a total of GPB 364,000 in grant funding through its first funding competition.Cedeco, Global Energy Group, Magnomatics and W3G Marine were successful in the call to…
Climate Fund Managers (CFM), the manager of the Climate Investor One facility (CI1), have announced that construction has begun of its 48MW near-shore wind farm in Tra Vinh province Vietnam.CI1’s Construction Equity Fund has committed USD 71 million to the project company…
Danish offshore wind farm company Ørsted is set to host an open house in the first week of February to update Atlantic City residents on the progress of Ocean Wind, New Jersey's first offshore wind project.Ørsted was in June 2019 selected as…
Norwegian shipbuilder Ulstein has floated out the hull of a wind farm support vessel it is building for Bernard Schulte.The service operation vessel (SOV), yard number 315 at Ulstein Verft, was floated out from the yard’s dock hall on Sunday afternoon…
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