Marine services company James Fisher is pushing further into the fields of submarine rescue and offshore wind turbines after increasing profits by more than a quarter in the first half of year. The FTSE 250 business has been building up its presence in the renewables market, repairing blades on wind turbines and monitoring cables. Earlier this year, the company signed its maiden long-term maintenance contract for the largest wind farm in the world in the Thames Estuary. “We are miles ahead of Denmark or Norway in offshore wind,” said chief executive Nick Henry. “There are more and more wind farms being built in the UK and the industry is maturing fast, while the cost of installing these farms comes down quickly.” Mr Henry hopes the five-year contract with the Thames Estuary will be the first of many long-term maintenance contracts.
Telegraph 29th Aug 2018 read more »
Plans for a new North Sea wind farm off the coast of Arbroath have been submitted. Inch Cape Wind Farm could provide enough energy to meet the demands of approximately 615,000 UK households and power roughly 25% of Scottish homes. It would see 72 turbines built in the east of Angus coastline. The development would transmit the electricity generated to a substation at Cockenzie in East Lothian. Permission for the wind farm was granted in 2014, but later quashed after a legal battle with RSPB Scotland over dangers the wind farm posed to sea birds. The Scottish Government later won an appeal against the decision. The current plan reduces the number of wind turbines by a third. A report on the project said: “Inch Cape will make an important contribution to Scotland’s renewable energy and climate change targets.
Dundee Evening Telegraph 29th Aug 2018 read more »
Norwegian energy giant Equinor has this week revealed plans to build the first floating offshore wind turbine to supply green electricity to its oil fields on the Norwegian Continental Shelf (NCS), as part of plans to cut emissions across its operations. Equinor – which changed its name from Statoil earlier this year in a bid to highlight its growing interest in clean energy – said the floating turbines would be used to power the Gullfaks and Snorre fields. If the project goes ahead as planned, it could cut Equinor’s emissions by 200,000 tonnes a year.
Business Green 30th Aug 2018 read more »