Balmoral s System Prevents Offshore Wind Cable Damage
Balmoral’s offshore wind cable stability system is designed to prevent long term damage / Credit: Balmoral
Aberdeen-based Balmoral Comtec has noted recent news on offshore wind cable failures, and has offered a solution for the problem in the form of its integrated cable protection stability system.
According to the company, its system offers up to 75% reduction in subsea cable movement helping prevent irreversible damage. The stability solution, which complements Balmoral FibreFlex, the company’s patented cable protection system, offers enhanced tensile and creep performance by using weighted modules to improve cable curvature response while maintaining system geometry over life, the company said.
Hit by lower wind speeds, cable problems Shares fall almost 4% (Adds details, CFO comments, updated share reaction)
COPENHAGEN, April 29 (Reuters) - Lower wind speeds and cable problems hit first-quarter earnings at Denmark’s Orsted , sending shares in the world’s biggest offshore wind farm developer lower on Thursday.
Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at 4.9 billion Danish crowns ($799 million), missing analysts’ consensus forecast of 5.2 billion crowns.
However, Chief Executive Mads Nipper said the company’s operational performance “was good during Q1 2021 and slightly exceeded our expectations”.
Nipper took the helm in January. His predecessor, Henrik Poulsen, stepped down after leading the energy company’s transformation away from fossil fuels.