Power & Energy Solutions

The premier renewable energy publication

Luxcara, one of Europe’s leading asset managers for renewable energy investments, and MEAG, the asset manager of Munich Re and ERGO, have initiated and structured a project bond to finance a wind farm in Norway. A lower three-digit million euro amount of projects bonds has been privately placed with investors of the Munich Re group. Equity is provided by a renewable energy fund for institutional investors, which is advised by Luxcara. The financing of the construction and commissioning of the wind farm Eikeland-Steinsland, which has a capacity of 155.4 MW, is based upon a long-term power purchase agreement (PPA) with Facebook. “We are very happy to have initiated and structured together with MEAG a project bond for a renewable energy project with a PPA in Europe”, says Dr. Alexandra von Bernstorff, Managing Partner at Luxcara. Holger Kerzel, Managing Director of MEAG: „We like to invest in renewable energy and we like to support the energy transition from fossil fuels to renewable energy. Financings of the private sector are an important contribution for the development of renewable energy." Luxcara and MEAG jointly structured the financing. Acting as the arranger, MEAG represents Munich Re's institutional investors. Luxcara was advised legally by Norton Rose Fulbright and MEAG by White

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Sales reaches EUR 957 million in the first half 2018 EBITDA margin of 4.0 percent Order intake rises to 2.1 GW Delta4000 series ready to launch Guidance for 2018 confirmed Hamburg, 14 August 2018. The Nordex Group (ISIN:DE000A0D6554) has announced today that it has generated sales of EUR 957.1 million in the first six months of 2018 (H1 2017: EUR 1,501.1 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) totaled EUR 38.4 million (H1 2017: EUR 117.5 million), resulting in an EBITDA margin of 4.0 percent (H1 2017: 7.8 percent). In the Service segment, Nordex increased sales by 7.7 percent from EUR 150.2 million to EUR 161.8 million to remain on track for growth. Sales in the Projects segment fell by 41 percent year-on-year to EUR 797.1 million during the period under review (H1 2017: EUR 1,356.5 million). Orders and production The Nordex Group generated order intake of 2.1 GW in the Projects segment during the first half of 2018 (H1 2017: 0.9 GW), including 1.1 GW in the second quarter (Q2 2017: 0.6 GW). Of this order intake, 1,091 MW (H1 2017: 210 MW) related to Latin America, 751 MW (H1 2017: 399 MW) to Europe, 113 MW (H1 2017:

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Siemens Gamesa Renewable Energy (SGRE) will supply the Tonstad Wind Farm in Norway with 51 of its SWT-DD-142 Onshore wind turbines. After commissioning, the wind farm will be one of the largest in Norway. The project is developed by ENGIE and will have a total capacity of 208 MW. The wind farm is located in the municipalities of Sirdal and Flekkefjord in the South of Norway. Siemens Gamesa secures the long term performance of the wind farm with a full service agreement. Installation of the wind farm will begin in 2019. "This project shows once more the strength of our global setup. Our experience in the Scandinavian market and our turbines with their compelling track record in the Nordic region ensure the best possible support and value creation for our customer", says Steven Pryor, Onshore CEO for North Europe & Middle East at Siemens Gamesa Renewable Energy. The energy produced in the Tonstad wind park will be delivered to Hydro Energi, a wholly-owned subsidiary of the Norwegian aluminium producer Hydro. Hydro Energi has signed a Power Purchase Agreement (PPA) running for the next 25 years. The annual production will be more than 0.6 TWh, and will save nearly 526,000 tons of CO2

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SeaRoc Group continues to support the expansion of offshore wind in South East Asia with the delivery of four Offshore Wind Seminars in 3 countries next month. The seminars will aim to inform attendees of Risk Management and Project Management issues related to Offshore Wind Farms and mitigation measures available to manage and minimise their impacts. The potential negative results of poor quality Risk Management and Project Management can be significant due to the very large commercial investments required for offshore wind farms. The seminars will focus on the specific phases of construction, operation and maintenance and will cover commercial issues and health and safety considerations. The seminars take place over four dates: Taipei, Taiwan – 17 th September 2018 Seoul, South Korea – 19 th September 2018 Tokyo, Japan – 20 th September 2018 Fukuoka, Japan – 21 st September 2018 For the Seoul seminar SeaRoc Group will be working with partners P2B Maritime and Blue Wind to deliver an informative agenda based on their extensive experience and knowledge of the offshore wind sector. Interested participants should email info@searoc.com – spaces are limited.

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Brave Tern, the 132-metre jack-up operated by Fred. Olsen Windcarrier AS, has completed a major crane refit at Damen Shiprepair Amsterdam. The main operation was the insertion of a 20- metre section into the main boom of the 800-tonne crane, allowing it to reach a height of 120 metres. This upgrade now allows it to install and maintain the next generation of wind turbines. The operation to insert the additional section took 30 days in total. It required the unreeving of all the crane wires before the crane boom could be dropped down to rest on a support structure built from containers. The boom was then cut in two and the new section inserted and secured using flanges. Following the completion of the new boom the wires were re-reeved and a series of load tests conducted before the crane was certified ready for operations. Fast turnaround time To secure the order, Damen Shiprepair Amsterdam (DSAm) offered a fast turnaround time without any loss of quality or attention to detail. Not only was the project time highly competitive, the actual order was only received the day before the vessel arrived at the yard. However, DSAm had the necessary capacity available and the next

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Intelligent Fingerprinting, developer of the world’s first fingerprint-based drug test, is simplifying workplace drug testing across the Utilities sector with the availability of a simple-to-use, portable drug testing solution that’s based on revolutionary fingerprint sweat analysis technology. Unlike traditional urine or saliva-based drug tests that can be invasive, time-consuming and undignified for testers and employees, the portable Intelligent Fingerprinting drug testing solution is convenient, hygienic and quick to deploy – wherever it is needed across a utility firm’s own operation – or their extended supply chain including contractors. Potential areas of deployment could include: Electricity Suppliers – Meter-reading fleet drivers, ‘at height’ pylon or network maintenance engineers, sub-station operators at risk of high voltage contact Gas Suppliers – Depot maintenance, pipeline repairs, crane operators or heavy lifting equipment Water treatment – Sewerage works maintenance, pipe replacement, heavy plant drivers “With almost 1 in 10 UK workers admitting to recent drug use [1], and 16% of UK employers reporting that they have had suspicions about staff members being under the influence of drugs [2], it is clear that drug misuse remains a serious concern when it comes to health and safety in the workplace,” said Dr Paul Yates of Intelligent Fingerprinting. “Our fingerprint-based approach supports all forms of workplace drug

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China State Shipbuilding Corporation Limited (CSSC) has welcomed the rapid growth of its exclusive marine equipment service platform, CSSC Marine Service Co.,Ltd, (CMS), during its first twelve months of trading. Increasing demand for services offered by CMS has necessitated plans for service expansion, the details of which CMS will be communicating during the upcoming SMM exhibition in Hamburg, Germany between September 4-7, 2018. CMS delivers life-time service for all CSSC-manufactured engines and products in addition to providing warranty handling for engine manufacturers HHM and CMD.  Since the company’s establishment in 2017, CMS has been steadily developing its capabilities and rapidly expanding to meet customer demand in parts supply, field services, dry docking, warranty support, maintenance agreements and remote monitoring services. A 24-hour hotline service commenced at the beginning of 2018 which is serviced by local service experts with back up support from CMS’ OEM licensors. Services offered enable CMS to fully support the current portfolio of engines available and to give ship owners confidence in ordering CSSC built equipment. The launch of CMS business by CSSC in June 2017 coincided with the inauguration of a new logistics centre located within the Yangshan free trade zone in Shanghai. Opened as a first step to enable quicker

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Siemens Gamesa Renewable Energy (SGRE) signed 10 Memorandums of Understanding (MoUs) with a range of suppliers today in Taipei, Taiwan. The MoUs come as a complement to previous agreements signed with Yeong Guan Energy Technology Group (YGG) and Swancor Holding Co. (Swancor). They further demonstrate the commitment of SGRE to the development of the offshore wind supply chain in Taiwan, fully in line with helping reach the government’s goal of 5.5 GW installed offshore by 2025. The MoUs cover solutions for offshore wind turbine components including on machining, control systems, coolers, and more. Timelines have not been set for finalization of the cooperation agreements. “We are encouraged by the localization plans for Taiwan of our major suppliers, and the growth plans of local suppliers. The growing offshore wind market in the region requires sound, skilled partnerships to meet the ambitious governmental goals. As the industry leader in offshore wind, we look forward to bringing global supplier concepts to the local market, and bringing local supplier concepts to the global market with partners of all sizes,” states Andreas Nauen, CEO of the Offshore Business Unit at Siemens Gamesa Renewable Energy. Taiwan IDB Deputy Director General Yang Chih-Ching, present at the SGRE Offshore Wind

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Everywhere we look – geographically, politically, technologically and financially – wind energy is breaking new ground. Wind energy continues to expand all over the world. It’s at the heart of government thinking on the energy transition. The technology continues to evolve and the costs continue to fall. And crucially it’s now moving beyond the power sector, and we’re beginning to think how wind can help decarbonise heating, transport and industrial processes. That’s why the upcoming Global Wind Summit will take place under the slogan ‘Breaking new ground.’ The world’s largest wind energy gathering, the Global Wind Summit, comprises two parallel events: WindEnergy Hamburg’s global on- and offshore Expo and the WindEurope 2018 global on- and offshore Conference. The Expo will feature 1,400 exhibitors, with over 35,000 visitors from over 100 countries attending. The WindEurope 2018 Conference will showcase over 500 speakers and presenters and will be a unique opportunity to exchange with captains of industry, leading policymakers and wind energy experts and to get the full low-down on every aspect of wind and how it’s transforming the global energy mix. The WindEurope 2018 Conference will explore how wind energy is set to continue breaking new ground from four different angles: Day One will

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Sulzer’s Houston Service Center has passed a major milestone in its exemplary safety record, operating for over three years without a lost time injury. For the facility in La Porte, Texas, this equates to over six million manhours in an industry that has some challenging working environments. We all manage personal safety as part of our everyday lives, however, working in global power generation, oil & gas and other large-scale engineering projects brings a whole new set of challenges. Sulzer’s specialist engineers for example regularly travel to customers’ sites throughout North and South America where there is a constant need to assess new surroundings and potential hazards as part of everyday work. Larry Tondre, Superintendent Field Services at Houston Service Center, comments: “We owe our successes to the men and women of this service center and the management teams that have embraced a safety-orientated culture as the path to our continued achievements. We want to thank all of those people that have stood up and recognized safety concerns and made the corrective actions necessary to help keep everyone safe throughout this period.” Sulzer encourages all its staff to actively participate in the safety culture of the company and work continuously to improve it.

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