politics & business

Edda Wind, the offshore wind segment of the Østensjø Group, has signed long term time charter
agreements with MHI Vestas and Ocean Breeze Energy respectively for two of the four offshore
wind vessels ordered from Spanish yards.

The change of model towards clean energy accelerated commercial activity, as strong order intake in Q1 FY 2020 (+82% YoY) boosted the order book to €28,089m. Sales stood at €2,001m and the balance sheet remains sound, with €175m in net cash. Despite good long-term prospects, the complex situation in the industry and extraordinary costs in executing five onshore projects located in Northern Europe had a negative impact on profitability.

Renewable energy is gaining traction across the world, which is expected to encourage growth in the global Offshore Wind Power Market. This information was shared by Fortune Business Insights in a report, titled “Offshore Wind Power Market Size, Share and Global Trend by Installation, Capacity, Application and Geography Forecast till 2025.”

Spica Technology is to deliver 32 remote maintenance platforms that are to be installed on the 32 V164 8.0 MW offshore wind turbines at the operating offshore wind farm Burbo Bank Extension in Liverpool Bay north of the North Wirral coast in England.

“Taiwan is a strategically important market for us. That’s why we are very pleased to be advancing offshore wind projects from our own office in Taipeh now,” stated Dr. Hans-Josef Zimmer, Chief Technical Officer of EnBW during the inauguration. Some 70 high-ranking guests from business, politics and science had followed the invitation.

The environmental regulatory pressure for reducing the emission of harmful substances from fossil fuel based energy resources is further expected to push the stake holders, either government or private entities, to opt for offshore wind energy sources, in their respective regions.

EOLOS has been successful in a number of new geographical markets as part of a targeted campaign in 2018 to extend our market coverage. "Our project experience in Western Europe combined with our industry recognised validation by The Carbon Trust has complemented our plans to expand in to both US and Asia” commented Julian Harland, Sales Director at EOLOS.

From March 2018, EMS Maritime Offshore GmbH (EMO) will provide port facilities in Emden and logistics services to the wind turbine manufacturer MHI Vestas for the "Borkum Riffgrund 2" offshore wind farm. After the installation of the 56 V164‐8 MW wind turbines, MHI Vestas will commission the wind turbine generators and use the service base at Port Knock at the river Ems.

Prysmian Group announces an investment in excess of €170 million in a new cutting-edge cable laying vessel. This strategic asset is meant to bolster Prysmian’s turnkey approach, under which it delivers end-to-end EPCI projects.

The 151-metre, self-propelled, DP2 jack-up rig Seafox 5 has left the Damen Verolme Rotterdam (DVR) shipyard following a four-month refit in which the boom of its main crane was lengthened to prepare it for a new contract, along with a range of maintenance and other upgrade works. Seafox 5 is now equipped to undertake offshore wind projects involving the next generation of larger wind turbines in water depths of up to 65 metres.