Renewable Energy Market News

09 Jun 2019

Europe Invests in African Renewable Energy

Pic: DNV GL

The provider of testing and advisory services to the energy value chain including renewables and energy management, DNV GL has joined European signatories including ABB, EDP Renewables, Enel Green Power, Ge Renewable Energy, Pöyry, Prysmian, PwC, Siemens Gamesa and Vestas."DNV GL has signed a ‘declaration of intent’ to commit its interest and participation to the initiative renewAfrica, aimed at boosting renewable energy investments in Africa, alongside leading players in the African and European renewable energy market…

30 Oct 2018

Sembcorp Marine Bags Offshore Wind and Ferry Projects

Pic: Sembcorp

Sembcorp Marine is breaking new ground in renewable  energy engineering solutions with two separate projects worth over S$200 million (USD 145 mln).The Group has inked an agreement with Ørsted Wind Power subsidiary Optimus Wind Limited for engineering, procurement, construction, hook-up and commissioning works on two topsides, to be deployed at the Hornsea 2 Offshore Wind Farm in the UK North Sea.With a combined weight of approximately 8,700 tonnes, the two topsides will be fabricated…

14 Sep 2018

DNV GL Pact with WeatherTech on Wind Turbines

Photo: DNV GL

DNV GL, the world’s largest resource of independent energy experts and certification body, today announced that it has joined forces with Swedish atmospheric science experts, WeatherTech.The combined expertise of both companies will enable the development of the most advanced icing model for wind turbines available on the market, allowing customers to better predict the performance of turbines in cold climates.In cold climates, the performance of wind turbines is significantly reduced by ice accretion, the gradual build-up of ice on the turbine blades.

27 Mar 2018

Wavepiston Puts Renolit Films to the Test

 Installation of the prototype near Hanstholm © Wavepiston

With its “Film Instead of Paint” concept RENOLIT is exploring new horizons in the maritime sector, as the company now plans to enter the renewable energy market with its films. The first step has been made with the use of the flock-film RENOLIT SEAL for an innovative enterprise in Denmark, where the company Wavepiston has developed at similarly-named wave-powered energy generation project. A steel cable is stretched between two anchored buoys. Energy collectors developed by Wavepiston are attached to this cable at intervals of five to six meters.

05 Mar 2018

Oceaneering Acquires Ecosse Subsea

Photo:  Oceaneering International, Inc.

Houston-headquartered Oceaneering International has, through one of its wholly-owned subsidiaries, acquired the Aberdeen-based Ecosse Subsea Limited for approximately GBP 50 million (US$69 Million). Headquartered in Aberdeen, Scotland, Ecosse builds and operates seabed preparation, route clearance and trenching tools for submarine cables and pipelines on an integrated basis that includes vessels, ROVs and survey services. Enabling technologies acquired in the transaction include Ecosse's modular SCAR Seabed System…

09 Feb 2018

Aker Enters Offshore Floating Wind Market

Photo: Principle Power

Norwegian oil and gas specialist Aker Solutions has invested in floating wind power technology company Principle Power, with the aim to brings its offshore oil and gas field engineering experience to the renewable energy market. Aker Solutions has an extensive track record in developing offshore oil and gas fields, with particular capabilities in floating facilities. The partnership will help bring Principle Power's technology - an innovative floating foundation for offshore wind turbines, known as WindFloat - to a broader market.

30 Apr 2016

Olympic Subsea Vessel Bags Contract

Olympic Delta. Photo by Olympic Shipping AS

Olympic Shipping has secured a contract for Olympic Delta, an inspection, maintenance and repair (IMR) vessel, with an international client  to work on a renewable energy project. The vessel, with the length of 92.55 meters, will be employed in the renewable energy sector. The value of the contract was not disclosed. Olympic Delta will start work in August for a fixed period of 120 days, plus a further 80 days or more if extension options are exercised. Stig Remøy the company’s CEO…

27 Nov 2015

ESL Shipping to Enter the Renewable Energy Market

Photo: ESL Shipping Ltd

ESL Shipping and AB Fortum Värme have signed an agreement for biofuel transport. The agreement provides ESL Shipping with access to the renewable fuels transport market. The company's transport operations to the new Värtan Energy Port in Stockholm will commence at the end of this year. "Fortum will take an important step when its Stockholm power plant switches to more sustainable energy generation and the biofuel-fired CHP plant is completed. Biofuel is undeniably a good thing for sustainable development.

21 Jan 2015

Infigen Energy Mulls Shedding U.S. Wind Farms

Australia under pressure to fix renewable energy target deadlock; 45 wind farm projects stalled. Australian wind farm operator Infigen Energy Ltd is exploring the sale of 18 U.S. wind farms, worth about A$500 million ($409 million), so they escape impact from the uncertain future of Australian state rebates for renewable energy firms. Infigen has hired advisers to consider ways of splitting U.S. assets from its six Australian wind farms, so consequences suffered by Infigen from a political deadlock over the rebates would not filter down to assets on the other side of the world, Managing Director Miles George told Reuters on Wednesday. "We have contemplated ... the possibility of separating our Australian and U.S. businesses so that the U.S.

28 Aug 2014

Policy Uncertainty Threatens to Slow Renewable Energy Momentum

Photo courtesy of IEA

IEA forecast sees renewable power as a cost-competitive option in an increasing number of cases, but facing growing risks to deployment over the medium term. The expansion of renewable energy will slow over the next five years unless policy uncertainty is diminished, the International Energy Agency (IEA) said today in its third annual Medium-Term Renewable Energy Market Report. According to the report, power generation from renewable sources such as wind, solar and hydro grew strongly in 2013…

26 Jun 2013

Renewables to Surpass Gas by 2016 in Global Power Mix

stock photo

Power generation from hydro, wind, solar and other renewable sources worldwide will exceed that from gas and be twice that from nuclear by 2016, the International Energy Agency (IEA) said today in its second annual Medium-Term Renewable Energy Market Report (MTRMR). According to the MTRMR, despite a difficult economic context, renewable power is expected to increase by 40% in the next five years. Renewables are now the fastest-growing power generation sector and will make up almost a quarter of the global power mix by 2018, up from an estimated 20% in 2011.

07 Jun 2013

Multraship Strengthens Fleet with ASD Tug

Multratug 20 (photo: Ruud Zegwaard)

Towage and salvage specialist Multraship said it has further strengthened its multipurpose fleet with the addition of the ASD tug Multratug 20. Multraship has contracted with international broker and consultant DSB Offshore for the long-term bareboat charter of the 72-ton bollard-pull vessel, which was built by the Bogazici Shipyard in Turkey in 2010 and is equipped to undertake a range of services including towage, escort, anchor-handling, fire-fighting and salvage. Multratrug 20 has two Schottel SRP 1515 propulsion units and is powered by two Caterpillar 3516B engines.

23 May 2013

Oceanteam Offshore Vessels Fully Employed in Q1 2013

CSV North Ocean: Photo courtesy of Oceanteam Shipping

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.

03 Jan 2013

Paramarine Software used on New Submersible

QinetiQ GRC naval architects in combination with their Paramarine software are working with QED Naval Ltd  in the development of a marine platform (Subhub) that is being designed to transport, install, anchor and maintain wave and tidal turbines through life. This will bring major cost and time advantages to tidal turbine field installations on the sea bed. QED Naval Ltd was founded in April 2008 with the intent of developing products for the wave and tidal renewable energy industry. Subhub is the first of these products. The primary benefits of the Subhub will be to provide an easy method of retrieving wave & tidal turbines to the surface…

11 Oct 2012

Fjellstrand Inks Contract to Build Offshore Service Vessel

Norway's Fjellstrand AS contracted by Siem Offshore Rederi AS to construct an Ulstein SX 163 design offshore wind or oil installationl service support vessel. Main particulars of the Ulstein SX 163 are a length of 74 meters, a  beam of 17 meters, and with accommodation for 60 persons. Scheduled date for delivery is March 2014 with a contract value of approx. NOK 300 million, and with an option for one additional vessel. A strong growth in the offshore wind industry brings forward a great demand for large vessels of high quality operating in connection with installations and service of the wind farms. “The vessel shall be used for operations within the offshore renewable energy market and within the offshore oil and gas market with regards to installation…

05 Jul 2012

IEA: Renewable Energy Growth Will Accelerate

Renewable power generation is expected to continue its rapid growth over the next five years, according to a new report from the International Energy Agency<http://www.iea.org/> (IEA) that acknowledges the coming-of-age of the renewable energy sector. The report says that despite economic uncertainties in many countries, global power generation from hydropower, solar, wind and other renewable sources is projected to increase by more than 40% to almost 6 400 terawatt hours (TWh) - or roughly one-and-a-half times current electricity production in the United States. The study, released, marks the first time the IEA has devoted a medium-term report to renewable power sources, a recognition of the dynamic and increasing role of renewable energy in the global power mix.

29 May 2012

Australian Wind & Wave Energy Platform a World First

The triangular shaped Energy Island will comprise six oscillating water column (OWC) wave energy devices and an offshore wind turbine assembly and will be capable of generating up to 10 megawatts of power. It is envisaged that six or more Energy Islands may be linked together to create an Energy Farm, which is estimated could supply power to 16,500 Australian households per year. Wood Group Kenny's initial eight-month scope of work under the contract will be carried out in two parts. The first part will involve a data gathering exercise covering a wide range of environmental and technical issues, and the second part will involve conceptual study work to define the layout and configuration of the overall Energy Island assembly.

21 May 2012

Renewable Energy Insurance Suite Launched

IRCM, have launched a new product 
range aimed at the Renewable Energy Market. Available as both a wholesale and 
retail facility the product suite delivers insurance programmes to the Solar, Wind and 
Wave Sectors and is supported by a panel of Global Insurers and Lloyds underwriters. A comprehensive insurance package for the Biogas Sector is also available on a direct 
only basis. Mark Elcocks, IRCM’s Specialist Risks Manager said “Expanding into the 
Renewables Sector is a logical extension of IRCM’s specialisms. It also forms part 
of our strategy to increase the range of products available on a wholesale basis and 
facilitate market access to brokers wishing to diversify their own portfolios”.

18 Apr 2012

IHC Merwede Increases Revenue and Profit

IHC Merwede’s expanding portfolio has helped it to record increased revenue and profit figures for 2011, and to maintain its strong order book for 2012 and beyond. In the past year, IHC Merwede’s revenue has increased by four per cent to reach € 1.05 billion. The company’s net profit has also increased to € 103 million with a solvency ratio of 40 percent, demonstrating that IHC Merwede is in strong financial health and able to implement its growth strategy. With sales amounting to € 1.057 billion, IHC Merwede assured itself of a substantial order book of € 1.18 billion – the equivalent of more than one year’s workload. Internationalization continues to be an important priority for IHC Merwede, as it succeeds in reducing costs and meeting the needs of its markets.

12 Jan 2012

Austal Vessel Ehances Wind Farm Ops

Building on its initial success in the renewable energy market, Austal has confirmed a contract for a fourth wind farm support vessel for Turbine Transfers Limited. The order is the first for a new Austal design which will enable safer and more efficient offshore wind turbine service. Welcoming the follow-up order from the UK-based company, Austal Chief Executive Officer, Andrew Bellamy, said the shipbuilder had continued to refine and enhance its Wind Express vessel range following its launch in mid-2010 as part of a strategy to pursue new commercial vessel markets.

09 Nov 2011

SeaHold GEOSHIPS Adds Two New Offshore Vessels

Kenny Macleod, chairman, Seahold GEOSHIPS 1.

SeaHold GEOSHIPS expanded its fleet of multi-purpose offshore vessels. The two new vessels ‘Loch Erisort’ and ‘Loch Roag’ brings the Aberdeen-based firm’s fleet up to three, while also signifying a $140m in additional financial commitment. The new vessels, which are both of Vik & Sandvik VS470 design will be delivered in Quarter 1 2012 and Quarter 4 2012 respectively and are actively being promoted to the Oil and Gas market for long-term work. Specified as multi-purpose support vessels…

03 Jun 2011

GEOSHIPS Acquisition, Doubling of Staff

Aberdeen-based SeaHold GEOSHIPS Limited (GEOSHIPS) has announced the acquisition of marine management services company Brooklyn Shipping Ltd (BSL). The acquisition is expected to lead to BSL’s staff numbers more than doubling to 80 this year and also contribute to a significant increase in GEOSHIPS’ pre-tax earnings on its projected turnover of nearly £50million for 2012. Formed in 2003, GEOSHIPS has a strong focus on offshore renewable energy projects, whilst also being able to offer services in support of subsea oil and gas related projects. It chartered its first multi-purpose offshore vessel, the Stril Explorer, from Mokster A/S until 31st August 2012 to support the growing offshore renewable energy market and the subsea sector.

10 May 2011

Alpine Ocean Seismic Survey Launches 110-ft RV

Norwood, New Jersey — May 10, 2011 — Alpine Ocean Seismic Survey, [ http://www.alpineocean.com ] a provider of marine surveying and data collection services, announces the launch of the multi-use research vessel, the R/V Shearwater. With the addition of this new vessel, Alpine can now further expand its offerings of turnkey data collection and other surveying services to offshore clients, including wind, tidal, civil engineering, shoreline protection, submarine cable, pipeline, oil, and natural gas project developers.

Maritime Reporter Magazine Cover Dec 2019 - Great Ships of 2019

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