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News & in-depth analysis of offshore wind power and business, companies, contracts and deals.

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Financial reprieve for Beatrice jacket firm

Financial reprieve for Beatrice jacket firm

UK: Companies behind the 588MW Beatrice project have agreed a financial package to prevent foundation specialist Burntisland Fabrications (BiFab) from going into administration.

ABB acquisition and large projects boost NKT's finances

ABB acquisition and large projects boost NKT's finances

GERMANY: NKT's increases in revenue and earnings were driven by contracts to lay cables at three large offshore wind projects, the company stated.

Floating offshore wind a "gilt-edged opportunity"

Floating offshore wind a "gilt-edged opportunity"

UK: The UK, and in particular Scotland, is well placed to benefit from the growth of the floating offshore wind sector, Hugh McNeal, chief executive, of trade body RenewableUK said at the Floating Offshore Wind conference (14 November) in Glasgow.

Innogy's grid business drives earnings

Innogy's grid business drives earnings

GERMANY: Innogy generated less power from renewable sources in the first nine months of the year, while its earnings rose, the developer stated in its third quarter results.

EnBW renewables earnings grow by 1%

EnBW renewables earnings grow by 1%

GERMANY: Developer and utility EnBW said its adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) grew by 1% to €224.8 million in the first nine months of 2017.

SGRE six-month revenue falls to €5bn

SGRE six-month revenue falls to €5bn

SPAIN: Siemens Gamesa Renewable Energy's revenues fell 12% year-on-year to €5 billion during the first six months since the two manufacturers merged, the company reported.

In depth

Industry optimistic over offshore's future

UK: Confidence was high in London for Europe's biggest offshore event the year. Political opposition is fading as fast as costs are falling, and the industry is looking forward to sustained growth.

'Still some milestones ahead'

UK: Bigger turbines and the creation of a local supply chain are raising expectations for the future of offshore wind in the UK. The next step could be looking at export potential.

EXPERT: How Dong achieved a landmark strike price

NETHERLANDS: The announcement of the Borselle auction results was greeted by the offshore wind industry with a mixture of astonishment, delight, and (from competitors) a little concern. Dong Energy had beaten the €100/MWh levelised cost of energy (LCOE) barrier well ahead of schedule.

America's offshore champion

UNITED STATES: It has been a long time coming, but the US's first offshore wind project is now under construction. Deepwater Wind CEO Jeff Grybowski talks about the development of the 30MW Block Island and the company's plans for further growth in the sector.

Analysis: Trillium alleges Ontario destroyed documents in lawsuit

CANADA: Offshore wind developer Trillium Wind Power is claiming the Ontario government knowingly destroyed documents related to a C$500 million lawsuit against the province. The suit stems from Ontario's 2011 moratorium on offshore wind development in the Great Lakes.


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