Day rates remain too low in the offshore segment despite an improvement in activity levels, says Siem Offshore. The strained supply company expects to see an increase in the number of lay ups over the winter. Siem so far lost a significant million-dollar figure in 2020.
It's far from a market-leading operation of which Vestas now acquires full ownership, but the CEO now wants to look ahead to a growing market rather than dwelling on the past. A new and more competitive wind turbine is meant to help retake the lead.
Vestas aims to strengthen its position within offshore wind and thus takes over the offshore wind business of MHI Vestas. Mitsubishi Heavy Industries will have a seat on Vestas' board of directors and retain 2.5 percent of nominal share capital in the wind OEM.
With final financing in place from Danish state fund IFU, company Africa Greenco now takes off. As a link between manufacturers and off-takers, the firm will ensure financing for new renewable energy projects in Africa.
To avoid internal competition in its wind turbine division, the German industrial group plans to spin off its transmission business rather than, as previously stated, listing it. The sale has prompted a bidding war.