Search results for: arklow bank

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  • Oil & Gas versus Wind: Found Ocean

    14 October 2013

    Adapting its service offering to steer a move into the offshore wind industry has paid off for FoundOcean. Jim Bell, Managing Director, tells Offshore WIND that activity went from ‘zero to 60’ in just a year and as renewable energy demand increases, FoundOcean is confident that it can gear up for any future growth.  Established […]

  • Naming Ceremony Held for Dogger Bank SOV Newbuild

    8 June 2023
    Infrastructure, Vessels

    North Star has held a naming ceremony for the Grampian Tyne service operation vessel (SOV) that will be deployed at the 3.6 GW Dogger Bank Wind Farm in the UK. The vessel was named at Equinor’s Port of Tyne base in the North East of England ahead of its early handover to the Dogger Bank […]

  • EAC Advises UK Government on GIB’s Privatisation

    21 December 2015
    Authorities

    The UK Parliament’s Environmental Audit Committee (EAC) has warned the Government that its proposed privatisation of the Green Investment Bank (GIB) must not go ahead unless Ministers can ensure that the Bank’s guiding green objectives are protected and strengthened. GIB invests on a commercial basis primarily in areas such as non-domestic energy efficiency, waste, and […]

  • Scotland Warns Green Investment Bank Privatisation Is Veering Off Course

    26 December 2016
    Authorities, Business & Finance, Environment

    Scotland’s Secretary for Economy Jobs and Fair Work, Keith Brown, has written to the UK Government to discuss concerns over the progress of the Green Investment Bank (GIB) privatisation. “I am extremely disappointed with the approach that the UK Government has adopted around the sale of the Green Investment Bank, which has been characterised by […]

  • QED Naval Secures up to GBP 550,000 Fund

    6 August 2014
    Business & Finance

    QED Naval received up to £550,000 financial backing from Kelvin Capital and the Scottish Investment Bank last month to support the continued development of the Subhub, the tidal turbine foundation structure. This 1st tranche of money will allow QED Naval to conduct the tank testing of 2 models of increasing scale within the world class, […]

  • A Win for Coexistence in North Sea | BP and Ørsted Reach Agreement on Offshore Wind-CCS Project Overlap Area

    26 June 2023
    Wind Farm Update

    Ørsted and BP have reached an agreement on the previously disputed overlap area between the Hornsea Four offshore wind farm and the Endurance carbon storage site, developed by the Northern Endurance Partnership (NEP) that gathers BP, Equinor and TotalEnergies. Quick overview: Ørsted submitted an application for the development consent order (DCO) for the 2.6 GW […]

  • UK Government Puts Green Investment Bank on the Block

    3 March 2016
    Authorities, Business & Finance

    The UK government has today launched the UK Green Investment Bank plc (GIB) sale process to move the bank into the private sector. The transaction will involve both the sale of existing shares owned by the government and also the commitment of additional capital for GIB by new investors. The GIB sale process will involve […]

  • UK: Sutton Bridge Asks for Benefits in Centrica’s Offshore Wind Projects

    7 October 2013
    Authorities, Business & Finance, Environment

    Sutton Bridge Parish Council is trying to get the best from Centrica’s offshore wind projects and protect its citizens and shore at the same time, as the Race Bank project development gears up. After the cables were laid through the Sutton Bridge sea bank for Lincs offshore wind farm, the sea bank will yet again […]

  • Atkins Welcomes GIB’s Focus on Offshore Wind (UK)

    25 May 2011
    Business & Finance

      Engineering design consultants, Atkins, welcomed UK Deputy Prime Minister Nick Clegg’s comments that one of the Green Investment Bank’s first priorities would be to help the offshore wind sector. It said the investment, which will start in April 2012, should create renewed confidence in the sector and allow it to attract the skills necessary […]

  • Strathclyde Pension Fund to Invest GBP 80 Million in UK Offshore Wind

    8 September 2016
    Business & Finance

    Strathclyde Pension Fund (SPF) is investing GBP 80 million in UK Green Investment Bank’s Offshore Wind Fund (GIB OWF) as part of its Direct Investment Portfolio. On 5 September, Strathclyde Pension Fund allocated GBP 30 million to GIB OWF as a follow-on investment to previously approved GBP 50 million. SPF said investing in the Offshore Wind Fund was an attractive […]

  • Denmark Kills Off Open Door Offshore Wind Scheme, 24 Projects Cancelled

    7 June 2023
    Authorities, Industry, Wind Farm Update

    Denmark has approved a new Marine Plan which will abolish the open door offshore wind auction scheme and terminate 24 out of the 33 offshore wind projects proposed under the scheme. Under the new Marine Plan, Denmark plans to increase the sea area reserved for the development of renewable energy projects and energy islands from […]

  • RBS Recognised for Renewables Funding in UK and USA

    13 March 2013
    Business & Finance

    RBS has earned double success as provider of finance for renewable energy projects in the UK and US, firmly establishing its position as a leading provider of products and services to the green energy industry. In the UK RBS has taken first position in the Infrastructure Journal’s league table of UK renewables project finance for […]

  • DONG Boasts Local Content at Race Bank

    24 August 2016
    Operations & Maintenance, Training & Education, Wind Farm Update

    Eight offshore wind technicians from the Humber area are about to start work on the installation of wind turbine foundations at DONG Energy’s 580MW Race Bank offshore wind farm. Race Bank is located off the North Norfolk coast and is being built out of DONG Energy’s construction base in the Grimsby Fish Docks. The offshore […]

  • Germany: Bard Holding Expects Takeover Within 12 Weeks

    19 March 2012
    Business & Finance

    The German company Bard Holding GmbH hopes the negotiations on its takeover will end within about 12 weeks, Bloomberg reports. Axel Bahr, the company’s spokesman, has stated that Bard expects “indicative offers” at end-March and completion in 6 to 12 weeks, however it remains unknown which companies are involved in the current talks. Cost and […]

  • Siemens Gamesa Signs EUR 500 Million Guarantee Facility as Orders Pour In

    27 August 2021
    Business & Finance

    Siemens Gamesa has signed a guarantee facility worth EUR 500 million with EKF and Danske Bank to back the delivery of offshore and onshore wind turbines from its order book. The guarantee facility will reinforce Siemens Gamesa’s ability to keep pace with growing future orders and allow the wind turbine supplier to provide guarantees, according […]

  • EIB’s New Fund Includes Offshore Wind Farms

    21 May 2015
    Authorities, Business & Finance

    New investment in energy efficiency, renewable energy, and strategic energy infrastructure, was among the more than EUR 8 billion of financing approved by the European Investment Bank board meeting on May 19. The EIB Group’s Board of Directors approved loans for a total of 21 projects, including four projects earmarked, subject to agreement by the […]

  • UK: GIB Invests GBP 57.5 Million in Offshore Wind

    22 March 2013
    Business & Finance

    The UK Green Investment Bank (GIB) confirmed its first direct equity investment in offshore wind through the acquisition of a 24.95% stake in Rhyl Flats Wind Farm Limited (Rhyl Flats) from companies owned by RWE AG (RWE) for a cash consideration of £57.5m. This landmark transaction represents a significant step for GIB in supporting one […]

  • North Star Secures Funds to Boost Its Renewables Fleet

    6 December 2022
    Business & Finance, Vessels

    North Star has secured a GBP 140 million (approximately EUR 163 million) financing package to support the next phase of its offshore wind growth plan. “The £140million secured today secures the capital required for us to continue our newbuilding programme in the year ahead, whilst providing us with the flexibility to continue to expand these […]

  • Equinor and SSE Seek to Boost Dogger Bank Teesside A Offshore Wind Farm

    29 November 2019
    Authorities, Wind Farm Update

    Equinor and SSE have submitted an application to use bigger wind turbines on, and to remove the 1.2GW capacity cap from the Dogger Bank Teesside A offshore wind project. By submitting the application for a non-material change to the Dogger Bank Teesside A Development Consent Order (DCO), the developers are seeking an increase to the […]

  • Portugal Postpones First Offshore Wind Auction, Doubles Capacity Target

    3 June 2022
    Authorities, Contracts & Tenders

    Portugal plans to hold its first offshore wind auction in 2023 with the aim of awarding between 6 GW and 8 GW of capacity, according to João Galamba, the country’s Secretary of State for Energy. As previously reported, Portugal had initially planned to hold its first auction this summer and award between 3 GW and […]

  • CRC Galaxy Floated Out (Gallery)

    3 June 2016
    Vessels

    Commercial Rib Charter’s flagship 15-metre MCA Cat 1 cabin Rib, the CRC Galaxy, has been floated out at the Goodchild Marine’s boatyard on the river Waveney in Great Yarmouth. The CRC Galaxy is powered by twin diesel 440hp Volvos with Hamilton Jet drives and is capable of carrying 12 passengers plus 3 crew. The vessel’s navigation suite includes vessel monitoring […]

  • Business Secretary Announces HQ of UK GIB

    9 March 2012
    Authorities

    The headquarters of the GIB will be located in Edinburgh, with the GIB’s main transaction team based in London. This arrangement will enable a greater commercial reach nationally than could be achieved from one location. Sitting the bank across these two locations will enable the GIB to become a world leader, playing to the strengths […]

  • GIB Posts Strong Results with Plans to Raise £1 Bn

    24 June 2014
    Business & Finance

    The UK Green Investment Bank plc (GIB) today reported its performance for the financial year to 31st March 2014. GIB committed £668m to 18 green energy projects, more than doubling the number of green projects it backed in its first year. GIB is now the most active investor in the UK’s green economy. An additional […]

  • UK: FloWave TT Builds Tidal and Wave Test Center

    31 May 2012
    Technology

    A tidal and wave testing facility that is currently under construction is expected to make testing of tidal prototypes easier. According to Onlinetes.com, the FloWave TT test center is being built at the University of Edinburgh’s King’s Buildings campus. The facility will contain the first water tank in the world capable of simulating waves of […]

  • The Netherlands: Tideland Signal to Showcase at Offshore Energy 2012

    8 October 2012
    Technology

    Tideland Signal will be showing its comprehensive range of aids to navigation (AtoN) equipment and systems for offshore oil and gas platforms, wind farms, ports and harbours on stand 495B at Offshore Energy 12 at the Amsterdam RAI from 23 to 24 October. Tideland Signal has many years’ experience protecting offshore installations of every type […]

  • RenewableUK Welcomes GIB Launch

    29 November 2012

    RenewableUK, the trade and professional body representing the wind, wave and tidal energy industries, has welcomed today’s opening of the Green Investment Bank. Launching the £3 billion fund in Edinburgh, the Business Secretary Vince Cable said: “The Bank will place the green economy at the heart of our recovery, and position the UK in the […]