Carbon-free power is getting a double boost in Europe. France is about to procure an estimated $14 billion of offshore wind farms. Across the Channel, the U.K. is setting itself tough greenhouse gas targets, increasing its reliance on renewable and nuclear energy. Installations planned off north coast of France would lead toward goal of 6,000 MW from offshore power by 2020. Three of France’s biggest engineering companies formed an alliance to bid this month or in June for a slice of 3,000 MW of offshore wind power the government plans to have in operation by 2015. Another 3,000 MW is
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.