Latest News Europe

Europe remains the bastion of wind energy where Germany leads the region in onshore capacity, the UK leading the offshore markets, and countries like Denmark and the Netherlands ushering the EU toward a fossil free future through their commitments to renewable technologies.

The EU continues to strengthen its position on green energy through its targets for renewably sourced electricity and is working hard toward an energy sharing network to enable complimentary generation capacity to be exchanged as needed.

Market leaders such as Siemens and Vestas work closely with entities like Vattenfall, DONG Energy and Statoil, providing state-of-the-art wind farms for national energy providers working in close conjunction with Europe’s grid operators. As such, their combined expertise is the driving force behind some of the most significant innovations within the industry, and their commitment to investing into ongoing research and development programs are producing world leading technologies. Hornsea Project One will have the capacity to provide power to one million homes, which is a genuine milestone achievement for an offshore wind farm, and demonstrates how advanced Europe’s wind energy solutions have become. Projects such as Vattenfall’s Kriegers Flak have also shown the World how cost effective wind power can be and is paving the way to removal of wind energy subsidies. These developments are crucial to wind power becoming a ubiquitous part of our energy landscape and reducing electricity costs for the consumer.

The technologies being developed within Europe now to support wind energy generation and storage will have far reaching and lasting consequences for the World as their refinement and development has knock on effects for electrically powered travel and for mobile digital communications. InDepth NRG will remain heavily invested in Europe’s energy market place reporting on each new development and looking at their ramifications for our industry and our planet.

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Europe

Tulip Oil Netherlands Offshore B.V. (“Tulip Oil”, “TONO” or the “Company”), a wholly owned subsidiary of Tulip Oil Holding B.V., is pleased to announce the successful placement of a EUR 87 million 5 year senior secured bond (the “Bond”). The Bond is priced at 3M Euribor plus 8.5% and an application

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Europe

Vattenfall, the developer of Norfolk’s largest offshore wind farm, is kicking-off its official autumn consultation on the anticipated environmental impact of the fossil-fuel free project. The Swedish energy group is publishing, next week, its statutory consultation plans for the 1.8 gigawatt (GW) Norfolk Vanguard project, known as a Statement of Community Consultation

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Europe

In a historic first for the ship classification industry, DNV GL has commenced the roll out of IMO compliant electronic class and statutory certificates across its entire fleet. The widespread use of electronic certificates will result in significant efficiency gains for ship owners, charterers, regulators and crew, cutting down administrative

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Company NewsEurope

10 October 2017 innogy becomes sole owner of Triton Knoll project with a planned installed capacity of 860 megawatts Future ownership structure to be reviewed further Final investment decision planned for mid-2018 innogy and Statkraft have completed an agreement under which innogy has acquired Statkraft’s 50 per cent share in

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Company NewsEurope

09 October 2017 Royal IHC has announced its acquisition of 50% of the share capital of Rotterdam Offshore Group (ROG). The agreement will enable IHC to strengthen its ship repair and conversion capabilities with the addition of a dedicated facility in Rotterdam, which has uninterrupted access to open sea. Rotterdam

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Company NewsEurope

2017-10-09 Osbit Ltd, the offshore engineering and technology company, has completed its first project in the Chinese offshore wind market, successfully delivering a bespoke MaXccess crew-transfer system. The Northumberland-based company has delivered an improved T12 walk to work system, which will be installed on a 20 metre crew-transfer vessel under

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