Power & Energy Solutions

The premier renewable energy publication

Press Releases, Renewable News, Wind

DNV GL provides wind power forecasting services to SSE Renewables for 16 onshore and offshore wind farms in the UK, totalling 2.8 GW Lessons learnt during the 10-year partnership have helped to increase forecasting accuracy predictions of renewable energy production, helping SSE Renewables to minimize risks and maximize the value of energy traded London, United Kingdom – 14 December 2020 – DNV GL, the world's largest resource of independent energy experts and certification body, is proud to have provided accurate wind power forecasting services to SSE Renewables over the last 10 years. The assets are spread across 16 projects located onshore and offshore around the UK and have a total installed capacity of 2.8 GW. Many lessons have been learnt throughout the partnership which have not only benefited both SSE Renewables and DNV GL but have also accelerated decarbonization by improving the commercial returns of renewable generation. Lessons learnt include: The accuracy of production forecasts is ever improving, driven by better weather models and advancements in data science. Over the last 10 years, errors have been reduced by 30%. However, the most accurate forecast does not always bring best value. Changes in the trading mechanisms, such as the shift from dual

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Press Releases, Renewable News, Wind

Leading renewable energy consultancy and service provider, Natural Power, has provided technical due diligence services to Gresham House Asset Management for its acquisition of the subsidy-free, 24 MW, Inverclyde Windfarm. The project, which has been developed by BayWa r.e., has been sold to Gresham House Renewable Energy LP and James Jones & Sons Ltd for an undisclosed sum. Wayne Cranstone, Investment Director at Gresham House Asset Management said: “Acquiring our first subsidy-free wind farm with a long-term corporate power purchase agreement (PPA) in place is a great achievement and hopefully will be the first of many if we are to help the country meet its net zero carbon emissions target.” He continued: “It’s been a pleasure working with Kerri and the Natural Power team, in their role as technical advisor, to bring our first subsidy free wind farm transaction to a successful conclusion.” Kerri Hart, Senior Technical Advisor at Natural Power, said: “We’re delighted to have been able to support the acquisition of Inverclyde Windfarm which marks a significant milestone in the renewable energy sector.” Natural Power’s advisory team delivered a comprehensive due diligence service including review of project contracts, project design, grid connection agreement and potential constraints assessment, energy yield analysis, environmental and permitting

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Press Releases, Renewable News, Wind

Global wind turbine repair and maintenance provider, GEV Wind Power has returned to Siemens Financial Services (SFS) for its invoice finance facility. GEV previously enjoyed an invoice finance facility from SFS prior to its investment by a new equity partner at the start of 2019. Under the new ownership the company was unable to carry forward the agreement. Instead, the new banking arrangement relied on a revolving credit facility, but it soon became apparent that the system was less suitable than an invoice finance arrangement. By using invoice finance, when a company invoices their customer, up to 90% of the approved invoice total is immediately advanced by the finance provider. The remaining 10% is paid once their customer settles the balance. This provides the company with essential working capital so it can benefit from improved cash flow without having to wait for bills to be settled. “At the beginning of 2020 we had already started to re-engage SFS to see if a new invoice finance facility was possible,” explains Steve Wilcockson, Global Head of Finance at GEV Wind Power. “I can’t emphasise enough how important invoice finance is to unlock funding, to grow the business. Working capital is everything for us and with

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Press Releases, Renewable News, Wind

Jan De Nul Group further invests in its offshore installation fleet. The Connector is one of the largest and most advanced subsea installation and construction vessels available in the world. The Connector strengthens the Jan De Nul fleet for the future delivery of challenging offshore energy production projects. Jan De Nul Group has signed on 4 December 2020 an agreement for the purchase of the Offshore Construction and Cable-Lay Vessel Connector from Ocean Yield ASA. This marks a further investment in the offshore installation capacities of the Luxembourg based maritime contractor. The vessel will be officially transferred during the fourth quarter of 2020. With a focus on delivering the next generation offshore energy projects, Jan De Nul Group invests strategically in its offshore installation fleet. With the acquisition of the cable-lay vessel Connector, Jan De Nul Group further specialises in this offshore energy market as part of a running investment programme following the order in 2019 of the new-build Offshore Jack-Up Installation Vessel Voltaire and Floating Crane Installation Vessel Les Alizés. Philippe Hutse, Director Offshore Division at Jan De Nul Group: "The Connector has a very good reputation in the sector and is known as one of the world’s top tier subsea

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Press Releases, Renewable News, Wind

Final major preferred supplier selected for RWE Renewables’ largest development Van Oord to establish logistics hub in UK’s North East to deliver the work Scope includes 100 turbine foundations and more than 350 kilometres of array cables Swindon, 10 December 2020 RWE, the world’s number two in offshore wind, has advanced the development of Sofia Offshore Wind Farm. The company has selected the international marine contractor Van Oord as the preferred supplier for the engineering, procurement, construction and installation (EPCI) of the monopile foundations and array cables, for one of the world’s largest offshore wind projects. The 1.4 Gigawatt (GW) Sofia is sited on Dogger Bank in the central North Sea 195 kilometres from the North East coast, where Van Oord, through its UK-branch MPI Offshore, will create a logistics hub to deliver the comprehensive scope of work. Van Oord will deploy its offshore installation vessel Aeolus to install the 100 extended monopile foundations without transition pieces, while the 350 kilometres of array cables will be installed by the family-owned firm’s first cable-laying vessel Nexus. The company will sub-contract the fabrication of the foundations and array cables. Sven Utermöhlen, Chief Operating Officer Wind Offshore Global of RWE Renewables said: “On Dogger Bank, we

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Press Releases, Renewable News, Wind

Cargostore Worldwide, a leading supplier of DNV 2.7-1 certified offshore containers (CCUs) today announced their expansion into Mexico, opening a depot in Ciudad del Carmen. The move cements their position as a growing supplier of DNV offshore containers to the Gulf of Mexico region. The expansion is in partnership with local ship management and offshore service provider ‘Harren & Partner’ who have been based in Ciudad del Carmen since 2014. Their extensive knowledge of the local market coupled with Cargostore’s specialised fleet of containers and experience in establishing key partnerships, will allow them to provide a structured service to offshore oil projects in the region. The depot is now fully operational with the first batch of DNV 2.7-1 Reefer containers having recently arrived and leased for a project in the Gulf. More containers are being mobilized to the region and a full suite of containers will be available to lease over the coming weeks and months. Cargostore’s development into Mexico comes rapidly after their move into Taiwan in Q2 2020, which is a testament to their swift and expansive growth plans and strong position in the industry, despite COVID-19.

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Press Releases, Renewable News, Wind

MPC Container Ships ASA (MPCC) is a market-leading container ship company listed on the Oslo Stock Exchange, specializing in serving intraregional trade lanes. The company owns and operates 65 container vessels, more than 15 of which are equipped with connected Alfa Laval PureBallast 3 ballast water treatment systems. Soon even more vessels will receive systems with data-driven PureBallast Connect services. Connectivity investments based on experience Over the past year, MPCC has successfully installed PureBallast 3 ballast water treatment systems with PureBallast Connect. Based on the positive experience, the company has decided to install a large number of PureBallast 3 systems with the same connectivity solution. “For new equipment like ballast water treatment systems, the possibility to remotely access the systems provides several benefits,” explains Philipp Niesing, Managing Director at MPCC Verwaltungs GmbH, who has been responsible for overseeing both previous and upcoming PureBallast Connect projects. “It was important for us from the start that Alfa Laval could access and troubleshoot the systems remotely, in order to avoid deploying service technicians to cater for small needs. We want to have our systems ready for use and compliant at all times, so as to prevent issues with port state officers and interruptions to our customers’

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Press Releases, Renewable News, Wind

Peter Terwiesch, President of ABB Industrial Automation becomes executive member of the EU Alliance established to kick-start the European hydrogen industry. ABB has been granted membership into the European Clean Hydrogen Alliance (ECH2A), the official EU body focused on an ambitious deployment of hydrogen (H2) technologies by 2030, as a means to reduce carbon emissions and help achieve European carbon neutrality by 2050. Peter Terwiesch will be ABB’s executive sponsor in the Alliance and will be actively working with governments and other Alliance members to scale up the hydrogen value chain across Europe. The use of hydrogen has been identified as crucial to achieve the objectives of the European Green Deal and Europe’s clean energy transition. It has several uses, from storing renewable energy to fueling heavy transport, and as energy and feedstock in energy-intensive industry, such as in the steel or chemical sectors. Most importantly, hydrogen only emits water and heat when used, no carbon. In fact, if H2 is produced from renewable sources, the whole hydrogen value chain is carbon-free. Hydrogen thereby is an excellent complement to electricity and offers a solution to decarbonize industrial processes and economic sectors where reducing carbon emissions is both urgent and hard to achieve. “Europe’s opportunity to

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Press Releases, Renewable News, Wind

DELFZIJL, DECEMBER 8th 2020 - After a tender process, Wagenborg Offshore has signed an agreement for the deployment of a Walk to Work Emergency Response and Rescue Vessel (W2W EERV). This third walk to work vessel in the Wagenborg fleet will be operated by Wagenborg Offshore as a standby and support vessel for inspection and maintenance of unmanned platforms in the Southern North Sea. Conversion An existing platform supply ship - currently named 'SK728' - will be converted into the W2W vessel within 20 weeks at shipyard Royal Niestern Sander in Delfzijl. In this period, approximately 80 employees will work on the innovative conversion of the ship. Early 2021, the ship will be christened and the name will be revealed, after which it will set to work in the Southern North Sea.  The SK728 will be equipped with an additional accommodation module for 40 people. Today, this accommodation module was installed at the quay side of Wagenborg Stevedoring by a cooperation of various Wagenborg companies: mobile cranes of Wagenborg Nedlift and pontoon and tug assistance by Wagenborg Towage. In the upcoming weeks a motion compensated gangway and a motion compensated crane will also be installed to comply with all requirements. Market leader With

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Press Releases, Renewable News, Wind

We are delighted to announce the appointment of John Leahy to the Board of GEV Wind Power. John is a seasoned Private Equity executive with leadership experience across various disciplines enjoying an outstanding record of value enhancement across well-known Companies including the luxury travel brand Tumi and Rank Hovis McDougall, owner of brands such as Hovis bread, Bisto gravy and Mr Kipling cakes. As Chairman he led the transformation and growth of LM Windpower from a local producer to the global Number 1 wind turbine blade manufacturer with a turnover of €1.2bn, producing approximately 20% of the World’s installed rotor blades. David Fletcher, Chief Executive Officer of GEV Wind Power spoke about the appointment:

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