Yeu News

French utility Engie and Spanish partner EDP Renovaveis (EDPR) announced their alliance with the Japanese group Sumitomo Corporation to build the French offshore wind farms of Dieppe-Le Tréport and Yeu-Noirmoutier.As part of the alliance, Sumitomo Corporation acquires a 29.5% equity stake in the French offshore projects (Dieppe Le Tréport and Yeu Noirmoutier) and will bring to the consortium its proven and complementary offshore wind expertise in terms of development, construction and operation.ENGIE remains the reference shareholder with a 31% stake and the leading industrial player of both parks (496 MW each), in partnership with EDPR (29…

Yaskawa Corporation is making a multimillion-euro investment to strengthen the R&D capabilities of The Switch and purchase new equipment at the company’s factory in Lappeenranta, Finland.The investment will enable drive train testing of up to 15 MW. The Switch will now become Yaskawa European’s Environmental Energy Division, leading the Japanese company’s global business in the marine, wind and turbo/industry segments.This latest investment provides The Switch with the capability to test high-power machines…

South Korea's Hyundai Merchant Marine (HMM) suffered an operating deficit of USD 112 million in the second quarter, the company said in a regulatory filing. The third quarter will bring much better results, says the carrier. Yonhap News Agency said that the company attributed operating loss in the second quarter due to the low season weakening container freight rates. Sales, however, jumped 22.1 percent on-year to 1.24 trillion won over the cited period when compared to a revenue of KRW 1,016.8  billion seen in the same quarter last year. “Although revenues increased, which helped narrow the company’s operating loss, freight rates remained low, denting our bottom line,” it said.

The French government has awarded a 4 billion euro ($5.57 billion) tender to build and run two offshore windfarms to a consortium led by French gas and power group GDF Suez, French Energy Minister Segolene Royal said on Wednesday. The GDF consortium includes Portugal's EDP Renovaveis , France's Neoen Marine and nuclear group Areva . Areva will develop an 8 megawatt (MW) turbine - one of the largest in the world - for the tender. Frederic Lanoe, head of EDPR France and Belgium, told Reuters he expects work on the sites will start in 2019, with the first turbines turning around 2020 and full operation scheduled for 2021. Total cost of the two parks is about 4 billion euros, he said.

GDF SUEZ and EDP Renewables have been joined by French coastal region experts Neoen Marine to tender for a new offshore wind farm development, and at the same time to contribute to the development of offshore wind energy in France and the structuring of an industrial sector. The tender relates to the installation of 1,000 MW of wind turbines off the French coast near Le Tréport (Haute-Normandie – 500 MW) and the islands of Yeu and Noirmoutier (Pays de la Loire – 500 MW) by 2020. The offers will be assessed by the French government based on technical, financial, industrial, social and environmental criteria. Neoen Marine will provide the consortium with its recognized experience as a developer in the Yeu-Noirmoutier region and its local knowledge…