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Wind picks up for Head

Norwegians targeting further expansion in the renewables space

Wind picks up for Head image

Norwegian outfit Head Energy is targeting further expansion in renewables after its offshore wind business accounted for 9% of the company's overall order book in the first half of 2018, up from 7% last year.

The company had overall orders totalling Nkr345m (€36.4m) up to 30 June from its four business units – consulting, engineering, offshore wind and onshore infrastructure.

Head Energy chief financial officer Nils Haukeland said: “Going forward, Head Energy will continue the expansion of the offshore wind and onshore infrastructure units to approach the target of these two business segments combined representing 50% of the total order book.” 

He added: “Meeting the 50% order book target for non-oil will thus require extra focus and resources going forward, but Head Energy is committed to reduce its oil-dependence and to actively position the company in a more balance energy landscape, in which renewable energy plays an important part.”

Image: Head Energy

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