Renewable Energy Markets News

Norway's Kongsberg Maritime has signed a contract with Norwegian vessel operator Olympic to outfit two new Construction Service Operation Vessels with a technology suite. The contract is worth around NOK 64 million (around $6,4 million).Two KONGSBERG US 205 PM L FP L-drive azimuth thrusters will be situated fore and aft in the TWIN X-STERN double-ended hybrid-powered vessels."The KONGSBERG US thruster family has set the industry standards for decades being one of the company’s all-time best-selling propulsion products.

British aluminum shipbuilder The Wight Shipyard Co. on Tuesday announced an all-share merger with France-based shipbuilder OCEA to create a combined group aiming to capitalize on the fast ferry and offshore renewable energy markets opportunities. The deal is scheduled to complete by March 2022 and will see The Wight Shipyard Co. nearly double in size.Peter Morton, CEO of The Wight Shipyard Co., said, “This is a transformational deal for The Wight Shipyard Co. and for the Isle of Wight, confirming the resurgence of the shipbuilding industry in the United Kingdom.

According to the International Renewable Energy Agency (IRENA) eleven million people were employed in renewable energy worldwide in 2018. This compares with 10.3 million in 2017.As more and more countries manufacture, trade and install renewable energy technologies, the latest Renewable Energy and Jobs – Annual Review finds that renewables jobs grew to their highest level despite slower growth in key renewable energy markets including China.The diversification of the renewable energy supply chain is changing the sector’s geographic footprint. Until now, renewable energy industries have remained relatively concentrated in a handful of major markets…

Plans by Aberdeen Harbor Board to create additional berthing facilities at Nigg Bay have received a double boost. An independent report has estimated the economic benefit of the development to the local and national economies to be nearly £1 billion per annum. This report has been published in the same month that the Scottish Government, in their National Planning Process, has named the Nigg Bay Development as one of only 14 projects that they consider to be of national importance to Scotland.

Oceanteam also says it continued its investment program in 2.000 / 4.000-ton modular carousel systems. Oceanteam Shipping sees strong market activity in both the Offshore Oil and Gas as well as the Renewable Energy Market for certain regions and the management expects this trend to continue. Oceanteam Shipping is confident, and has secured sufficient projects in both the Offshore Oil and Gas and the Renewable Energy Markets to maintain a high level of utilization of its assets and engineers.

An early glimpse into the 2013 Annual Energy Outlook from the U.S. Energy Information Administration reveals that increased generation from renewable energy is expected to account for 32% of the overall domestic growth in electricity generation from 2011 to 2040. With this insight and reports of global growth forecasts in renewable energy from both financial and market analysts in mind, Saint-Gobain Performance Plastics today announced its initiatives for composite bearings applications in renewable energy markets.

Kongsberg Maritime Ltd announced at Ocean Business 2013 that it will add a number of Autonomous Underwater Vehicles (AUV) to its rental pool during 2013 and 2014. The addition of AUV capability will further enhance the existing portfolio of Kongsberg Maritime Ltd rental equipment, which supports customers within the offshore oil and gas, environmental and renewable energy markets. Other leading Kongsberg products available via the rental service include acoustic positioning systems and transponders, multibeam echosounders and DP reference sensors. www.km.kongsberg.com

The IHC Merwede stand (number 2625) will feature a diverse range of innovative vessels, advanced equipment and life-cycle support activities at this year’s Offshore Technology Conference (OTC). The company is exhibiting at the annual event in Texas, USA, which runs from 6 to 9 May and is expected to attract 80,000 attendees from more than 110 countries. Renowned as a reliable supplier of offshore construction and support vessels, and mission equipment to the offshore market, IHC Merwede specialises in the development and delivery of integrated and efficient solutions. To highlight its capabilities, one of the main attractions on the stand will be a model of two identical 550-tonne pipelaying vessels that the company is building for SapuraKencana.

Alongside the unveiling of a new AUV, Kongsberg Maritime will introduce a new variant of its state-of-the-art EM 2040 multibeam echo sounder during Ocean Business 2013 in April (stand N1). Ocean Business is the ideal launch platform for both new products, which are designed to offer significant new application possibilities for the subsea and survey industry. Other highlights from the leading subsea technology developer during Ocean Business include the return of the popular Kongsberg Maritime demo boat…

GEOSHIPS Group has announced two contract wins worth a combined value of £3 million for the company’s latest vessel. Following an open day on-board the Loch Roag for potential clients, the vessel secured work in the North Sea with two new customers for GEOSHIPS. The forecasted revenue for the DP2 (dynamically positioned) multi purpose support vessel for the next 12 months is valued at nearly £10 million. The Westhill-based company, which was formed in 2003, took delivery of the Loch Roag in April on a contract valued at over £30 million. It resulted in the employment of 40 new offshore staff.

Dresser-Rand Group Inc. (NYSE: DRC) signed a definitive agreement to acquire Synchrony, Inc. The transaction is expected to close in January 2012. Synchrony is a technology development company with a portfolio of technologies and products including active magnetic bearings (AMB), high speed motors and generators, and power electronics for clean, efficient, and reliable rotating machinery. A private company founded in 1993, Synchrony is headquartered in Roanoke County, Virginia, where it develops, manufactures, and tests its products in an ISO 9001-certified facility which includes a best-in-class model shop  for rapid prototype fabrication and assembly.