Siemens expects Siemens Energy to reach a market value of significantly more than 17 billion euros ($19.98 billion) when it floats on the Frankfurt stock exchange next week, a source close to the company said.The consensus forecasts for the value of the business…
A new service operations vessel (SOV) was launched at the Cemre Shipyard in Turkey for French vessel owners Louis Dreyfus Armateurs (LDA).Upon delivery in 2021, the 84-meter SOV Wind of Hope will go to work for Danish wind energy giant Ørsted servicing its Hornsea Two offshore wind farm…
The Dutch-German grid company TenneT and Britain's National Grid said on Tuesday they have signed an agreement to investigate connecting their offshore wind turbine farms in the North Sea via undersea cables.In a joint statement, the companies…
Wind turbine constructor GE Renewable Energy will supply its giant 13MW Haliade-X wind turbines for the Dogger Bank wind farm phases A and B. Dogger Bank is a giant offshore wind farm project in the UK, jointly owned by SSE and Equinor. Once completed…
With the offshore wind industry growing, even during the global pandemic, offshore wind turbines are expected to grow in size and capacity, too, and Rystad Energy believes bigger is better.As previously reported, Siemens Gamesa in May announced…
UK-based company Offshore Design Engineering (ODE) won a contract to carry out the initial technical design and building permit design for the Baltic Power offshore wind farm in Poland.The contract was awarded by Baltic Power, a subsidiary of…
Denmark's Ziton, which provides operations and maintenance services to offshore wind farms, plans to raise up to 100 million euros ($118.5 million) from a sale of new equity and to list its shares on Norway's Merkur Market, the company said on Friday…
The final batch of jackets that will support offshore wind turbines at the 950 MW Moray East offshore wind farm in the UK was loaded this week at a fabrication yard in Dubai ahead of the sailaway.The news was shared Thursday afternoon (CET) by DEME Offshore…
Crane manufacturer Liebherr will deliver a cylinder-luffing crane, type RL 2600-35 Lit, for offshore wind farm substation DolWin Epsilon.The crane, to be installed aboard the TenneT-owned offshore platform, will be used for supply and maintenance tasks on the German North Sea…
Norway's Aker ASA will create more value from IT and low carbon energy businesses in the next decade than from its traditional oil and gas operations, billionaire investor Kjell Inge Roekke said on Wednesday.Via his 67% stake in the Aker group…
Plans by European oil companies to increase their renewable power capacity are driving up the price tags on renewable businesses and projects, the CEO of British renewables and network company SSE, told Reuters.BP, Shell, and Total have all…
Iberdrola has bought Japan-based renewables developer Acacia and signed a joint venture deal with Macquarie's Green Investment Group to develop an offshore wind farm portfolio, the Spanish energy company said on Thursday.Iberdrola and its new…
Wilhelmsen, one of the world's largest shipping companies, has agreed to acquire a 25% stake in Østensjø Group’s growing offshore wind business Edda Wind.Wilhelmsen has also secured an option to buy another 25% before June 2021. Launched in 2018…
The first offshore wind turbine generator nacelle has been completed for what will be France's first offshore wind farm - the Saint-Nazaire project - wind turbine maker GE Renewable Energy said Tuesday.The nacelle, which contains the generator…
Norwegian firm Offshore Heavy Transports has secured more work at Equinor's and SSE's giant Dogger Bank offshore wind development project in the UK.To remind, OHT had in July signed a contract for the transportation and installation of foundations at Dogger Bank A…