Offshore Wind Market Expected to Reach $50 bln by 2023
The global offshore wind energy market is poised to grow over USD 49.74 billion by 2023 at an estimated CAGR of around 11.12% during the period 2017 to 2023.The growth in this sector can be attributed to the increasing demand for clean and reliable energy in order to reduce the global carbon emissions and to maintain ecological balance by generating electricity through renewable resources, said a report by Market Research Future.However, high initiating capital cost of the projects with high maintenance cost and logistics issues, can hinder the offshore wind market.
Port of Kiel Presents Emission-Free Berthing for Ships
The construction of the first onshore power supply plant for commer-cial vessels at the Norwegenkai Terminal in the port of Kiel has begun.Taking part in the official first-cut-of-the-spade-ceremony marking the start of the construction works at the Norwegenkai Terminal were the Economics Minister of the federal state of Schleswig-Holstein, Dr Bernd Buchholz, Kiel’s Lord Mayor Dr Ulf Kämpfer, Port Director Dr Dirk Claus und Color Line GmbH Managing Director Dirk Hundertmark along with Lars Nürnberger…
Novatek, Siemens Sign LNG Partnership
Russia's natural gas producer Novatek and German engineering giant Siemens have signed a strategic partnership agreement that covers cooperation in the liquefied natural gas (LNG) sector.Novatek said in a press release that the agreement was signed by Novatek Chief Executive Leonid Mikhelson and his Siemens counterpart Joe Kaeser in Moscow.According to the agreement, the parties intend to strengthen and develop the strategic partnership and cooperation in integrated gas-to-power projects on a “turn-key” basis inclusive of LNG supply…
Siemens to Build Wärtsilä Marine Gear Boxes
Wärtsilä and Flender (Siemens AG, Mechanical Drives) have reached an agreement that will transfer the assembly and testing of Wärtsilä's marine gear box portfolio to the Siemens Mechanical Drives facilities in Voerde, Germany. In announcing the deal, Wärtsilä said the new arrangement takes advantage of synergies with processes developed at the Siemens plant to secure the quality and delivery punctuality of the gear boxes, thus providing greater customer value. Wärtsilä said it will retain responsibility for the design and technical specifications…
Schottel's Strahberger: One Year at the Helm
Schottel, a ubiquitous German-based maritime propulsion company, is firing on all cylinders and preparing now for the inevitable maritime market upturn. As Schottel’s new Managing Director, Dr. Christian Strahberger, closes in on his first year at the helm, he discusses the strategy with Maritime Reporter & Engineering News. While the maritime industry endures an overall downturn, quality, long-term companies see opportunity amidst the challenge, using lean times to optimize operations and staff while plotting a course for the inevitable turnaround.
Siemens Wins Vessel Electrical Installation Contract
Nautilus Minerals Inc. announces that the order for the supply of the entire electrical installation for the production support vessel has been awarded to Siemens International Trading (Shanghai) Ltd., a wholly owned subsidiary of Siemens AG. Nautilus CEO, Mike Johnston, commented, “The electrical package marks the fourth major long lead time package to be awarded by the shipyard, Fujian Mawei Shipbuilding. We are especially pleased to be partnering with another world class, global company such as Siemens. Their involvement with our first seafloor production system, along with other industry heavyweights such as GE Oil and Gas, Sandvik, Soil Machine Dynamics, Rolls Royce, Bedeschi and McGregor highlights the quality of the system that we are building.
Unique DP System Thrusts US Offshore Wind Sector
Offshore wind construction in the U.S. Thrustmaster of Texas, a marine propulsion design and manufacturing company in the U.S., is looking to give an edge to U.S. based marine jack-up operators wanting to enter the U.S. offshore wind farm construction and maintenance sector by cutting the cost of entry in half with a unique propulsion system that allows conversion of existing vessels to dynamically positioned work vessels. The United States’ offshore wind market is exploding with opportunity, and current marine construction contracts are being awarded to operators outside the U.S.
MHI, Siemens JV Starts Operations
Mitsubishi Heavy Industries, Ltd (MHI) and Siemens AG today announced the closing of their joint venture in the field of metallurgical industry. The new company is named Primetals Technologies, Limited and headquartered in London, UK. With this joint venture both partners are forming a globally operating complete provider for plants, products and services for the iron, steel and aluminum industry. Mitsubishi-Hitachi Metals Machinery, Inc. - an MHI consolidated group company with equity participation by Hitachi, Ltd. and IHI Corporation - holds a 51-percent and Siemens a 49-percent stake in the joint venture. With closing of the transaction, the joint venture will start operations with 9,000 employees coming from both partners.
Petrobras Sets up Special Committee
The Board of Directors of Petrobras approved at a meeting held today, the creation of a special committee to act as interlocutor ("Reporting line") of independent internal investigations conducted by the Trench, Rossi e Watanabe and Gibson, Dunn & Crutcher offices . This Committee shall act independently and will report directly to the Board. The powers and responsibilities of the Special Committee shall include (i) approve the research plan; (Ii) receive and analyze the information submitted by the offices of lawyers; (Iii) ensure that research maintain independence by ensuring that this is not impeded or obstructed; (Iv) review, approve and feasibility of the implementation of the recommendations made by offices…
St. Lawrence Seaway Cargo Shipments Return
Over 15 million metric tons of cargo moved through the St. Lawrence Seaway during the month of July, down just 4 percent over last year, marking a sustained comeback after the slow start to the shipping season. "The month of July was extremely busy for our ports on the Great Lakes-Seaway System as they handled high value cargoes like steel, wind components, and machinery that arrived from 13 different countries," said Rebecca Spruill, Director of Trade Development for the Saint Lawrence Seaway Development Corporation.
Wind Energy Components Bound for Duluth Port
Minnesota Power and the Duluth Port said they will reach a milestone this weekend when the 15th ship bearing wind generation equipment destined for Minnesota Power’s growing renewable energy installation in North Dakota sails into the harbor beneath the Aerial Lift Bridge. The BBC cargo ship, Peter Roenna is expected to arrive in Duluth late Sunday night carrying more than two dozen renewable wind energy components after a voyage from Brande, Denmark, where the equipment is manufactured by Siemens A.G.
Siemens Appoints Janina Kugel As Chief Diversity Officer
Siemens informed that with effect from July 1, 2014, Janina Kugel will assume the position of Chief Diversity Officer (CDO) for Siemens AG in addition to her current responsibilities as Head of Personnel Strategy and Executive Development. Ms. Kugel replaces Denice Kronau, who is leaving the company on May 31, 2014 by mutual agreement to further pursue her writing and speaking career. "Ms. Kronau's outstanding contributions as CDO and leader of Siemens' Diversity Initiative ensured that Diversity has become a significant part of the Siemens values," said Siemens President and CEO Joe Kaeser.
MHI, Siemens Establish Production Machinery Joint Venture
Today Mitsubishi Heavy Industries, Ltd. (MHI) concluded an agreement with Siemens AG of Germany calling for the establishment of a joint-venture company (JV) in steel and metal production machinery effective as of January 2015 subject to regulatory approvals. According to MHI, the move has two aims: expansion of the product line in the steel and metal production machinery business and acceleration of globalization. The JV will swiftly take steps to put in place a structure enabling the provision of a full lineup of products involved in everything from upstream to downstream processes…
Rolls Royce Sells Energy Gas Turbine Business To Siemens
Britain's Rolls-Royce Plc said it would sell its energy gas turbine and compressor business to German conglomerate Siemens AG for 785 million pounds($1.33 billion). Rolls, whose energy gas turbine and compressor business has around 2,400 employees, said Siemens would pay a further 200 million pounds for a 25 year licensing agreement granting access to relevant Rolls-Royce aero-derivative technology. "This agreement will give the Energy business greater opportunities as part of…
Alstom Accepts 10 Bln Euro GE Bid For Its Energy Unit
The board of Alstom accepted General Electric's 10 billion euro ($13.82 billion) bid for its energy unit on Tuesday, several sources familiar with the situation told Reuters. Sources said GE is not in exclusive talks with Alstom. The French transport-to-turbines group is also set to receive an offer from its much larger German competitor Siemens AG , which said it had sent a letter to Alstom after its managing and supervisory boards had decided to make an offer. Alstom is expected to make a statement about the two offers early on Wednesday…
GE In Talks To Buy Alstom's Power Arm
U.S. industrial conglomerate General Electric Co is in advanced talks to buy the global power division of struggling French engineering group Alstom SA for about $13 billion, sources familiar with the matter said on Friday. Sources said a deal was backed by Alstom's main shareholder, French conglomerate Bouygues with 29 percent, and could be announced in the coming days after an Alstom board meeting on Friday afternoon. The board was due to meet again on Sunday to discuss the transaction, French daily Le Figaro said.
Cape Wind Secures $600M toward Mass. Wind Farm
Cape Wind said on Wednesday it has secured $600 million in financing for its proposed $2.5 billion wind power farm off the Massachusetts coast, and expects to have the rest locked up by the end of the third quarter. Danish state-owned export credit agency EKF approved the loan pending due diligence, Cape Wind President Jim Gordon said at a power industry conference in Boston. EKF is the project's biggest financial commitment to date. "EKF is a very knowledgeable and experienced investor in the offshore wind industry and they recognize that Cape Wind makes sense both economically and environmentally," Gordon said. The project would have the capacity to produce 468 megawatts of electricity, enough to power nearly a half-million homes.
First GL Approved Oil Mist Separator
UT99 AG, a company in the development and manufacture of oil mist separators for crankcase ventilation of combustion engines and for lubricating oil tank vent for turbines, received Germanischer Lloyd (GL) approval for its oil mist separator. "The world's first class admission of Germanischer Lloyd for a secure oil mist separator is the systematic continuation of our philosophy," explains Lukas Riedo, Managing Director of UT99 AG. Environmental and safety requirements are getting higher in the marine and offshore sectors…
Siemens Wins U.S. Inaugural Commercial Offshore Windfarm Project
Siemens and Cape Wind have signed a major contract for the construction of the United States' first utility-scale offshore wind farm situated off the Northeast coast, 20 kilometers offshore of Nantucket, at Horseshoe Shoal in the Nantucket Sound. Installation and commissioning is expected for 2016. Siemens says it will supply Cape Wind with its industry-leading 3.6-megawatt offshore wind turbines, an offshore Electric Service Platform (ESP) and a long-term service agreement. When fully built, Cape Wind will have a capacity of 468 megawatts. The company explains that offshore wind in the U.S.
Siemens: Gigantic Gear Unit Technology
Gigantic records are set by land, sea and air. For them to be set, modern high-tech solutions are needed that in the right combination make the impossible possible. For example, one insider calls gigantic ferry boats “cruise ships with car decks.” By that he is referring to their size and the comfort that size brings with it. The biggest ferry boat ever built was launched in South Korea in 2012. Going along with it was the German-made standard gearboxes that in size, performance and quality are far from just standard.
Siemens Installs First North Sea Platform
Siemens has installed the HelWin1 offshore platform in the North Sea, marking the completion of a stage in German grid connection projects. HelWin1 will link the two offshore wind farms Nordsee Ost and Meerwind to the mainland. Using the Siemens technology installed on the platform, the alternating current power generated by the wind turbines is transformed into low-loss direct current for transmission onto land. Starting next year, this will enable the network operator and purchaser TenneT to supply clean electricity to more than 500,000 German households on the mainland.
London Array Offshore Windfarm Inaugurated
The world's largest offshore wind farm (OWF) London Array has 175 Siemens wind turbines installed. Together with Dong Energy, Siemens will also be responsible for the service of the wind turbines through a long-term agreement. The wind power plant owned, developed and built by a consortium consisting of Dong Energy, E.ON and Masdar has a total capacity of 630 megawatts (MW) and will generate enough power to supply 500,000 British households with clean electricity. This offshore wind farm will reduce annual CO2 emissions by approximately 900…
Dong & Siemens Collaborate on German OWT Projects
DONG Energy & Siemens AG sign up to supply and service a total of 154 offshore wind turbines (OWT) of 6 megawatt each. The agreements give DONG Energy the option to install the turbines on its Gode Wind projects in Germany from 2015. Utilisation of the potential supplies and services under the agreements is subject to official approvals for the specific projects and DONG Energy making a positive investment decision for the projects. Following the acquisition of the ownership interest in the Gode Wind projects in August 2012, DONG Energy invited tenderers for the supply of offshore turbines in accordance with EC tender rules. The agreements signed with Siemens AG are a result of the tender procedure.