Search results for: marr bank

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  • Ørsted Completes Borssele 1 & 2 Investment Financing

    12 November 2021
    Business & Finance, Wind Farm Update

    Ørsted has signed a EUR 175 million, 8-year loan agreement with the Nordic Investment Bank (NIB) for co-financing its investment in the Borssele 1 & 2 offshore wind farm in the Netherlands. Together with the loan agreement closed with the European Investment Bank (EIB) on 6 September, the intended long-term financing of Ørsted’s investment in […]

  • SSE First Offshore Wind Developer in Ireland to Seek Consent for Onshore Grid Infrastructure

    21 April 2021
    Authorities, Wind Farm Update

    SSE Renewables has announced its intention to submit a planning application for the onshore grid infrastructure for the Arklow Bank 2 offshore wind farm. This is the first time an offshore wind developer will seek consent for this kind of infrastructure in Ireland. The company said it would submit the application in the coming weeks […]

  • Forewind Puts 4.8 GW of Offshore Wind into Planning System

    20 June 2014
    Business & Finance, Wind Farm Update

    Almost 300 people attended the public consultation events held at six locations along the proposed cable route of the development and 75 per cent of those who filled in exit questionnaires were supportive of the plans presented.  Written responses were received from statutory consultees such as government departments and agencies, non-governmental organisations and trade associations on topics from coastal erosion, construction […]

  • Germany Designs Financial Plan for Renewable Energy

    6 February 2012
    Authorities, Business & Finance

    Germany recently passed the 20 percent mark for renewable energy in the electricity mix. And the federal KfW bank group has introduced a new plan to further accelerate this shift to renewables, with increases in multimillion euro business loans now available. As more renewable energy is generated, energy management and storage are also receiving increased […]

  • Dong Locates Seven UXO Offshore Britain

    25 August 2015

    Dong Energy has found seven unexploded bombs at one of its offshore wind farm sites. According to the local media, UXO have been found on the seabed of The Wash through which the export cables will be laid from the wind farm to the substation in Walpole. The Danish company is building a 75-turbine Race […]

  • Two European Banks Join Cape Wind and BTMU

    26 March 2014
    Business & Finance, Wind Farm Update

    Marking another major Cape Wind financing milestone, Cape Wind and The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) today added Natixis and Rabobank to serve as the project’s Lead Arrangers, to work with BTMU to structure and arrange the syndication of the senior debt financing to additional lenders. The Lead Arrangers are expected themselves to make […]

  • First Offshore Wind Project Announced for Bulgaria to Use Floating Wind Technology and Power Gas Platform

    25 January 2023
    Technology, Wind Farm Update

    France-based floating wind technology developer, Eolink, and 15 European renewable energy partners have launched an EU-backed project named Black sea fLoating Offshore Wind (BLOW). The project aims to install a 5 MW floating wind turbine offshore Bulgaria and link it to a gas platform in the Black Sea. BLOW will use Eolink’s floating offshore wind […]

  • Bilfinger Wins the Race

    8 July 2015

    Bilfinger Mars Offshore has won an order for the production of 91 steel foundations for Dong Energy’s Race Bank North Sea wind farm. The wind park, located 28 kilometers from the United Kingdom’s east coast, will have an output of about 580 MW and will provide 400,000 households with electricity. “We will begin with the work […]

  • Universal Foundation Completes Trial Installation Campaign

    3 November 2014
    R&D, Technology

    The next generation offshore wind foundation from Universal Foundation – a Fred. Olsen related company – has recently completed a trial installation campaign across three major offshore wind sites in the UK North Sea, as part of the Carbon Trust’s Offshore Wind Accelerator (OWA) programme. The project was managed by Statoil and delivered by Universal […]

  • Philippines Start Charting Offshore Wind Roadmap

    23 June 2021

    The Philippine Department of Energy has, with support from the World Bank Group, launched the Philippine Offshore Wind Roadmap project. Funded through the World Bank Group’s Energy Sector Management Assistance Program (ESMAP), the project aims to identify areas in the Philippines with high potential for offshore wind development. The roadmap will also establish short and […]

  • Wind Bankers III: Green Giraffe Energy Bankers

    6 February 2013

    Offshore wind deals are happening and project developers that need money are getting it, but sometimes this is overshadowed by a cloud of negativity from banks and the utilities, which complain all too often that the project finance markets are broke or the regulatory frameworks insufficient.  Jérôme Guillet, Managing Director of Green Giraffe Energy Bankers, says: […]

  • Half of Galloper Foundations In Place

    13 February 2017
    Wind Farm Update

    The installation of foundations at the Galloper offshore wind farm is halfway to completion with 28 of the total 56 foundations now installed.

  • Construction Starts on Mammoth Offshore Wind Monopile Factory in UK

    8 July 2022
    Business & Finance, Industry

    Construction works on the new offshore wind foundation factory in the UK, which will produce XXL monopiles, started on 7 July. The new facility, located at Redcar’s Teesworks, is being built by SeAH, a subsidiary of South Korea’s pipe manufacturer SeAH Steel Holdings, and will produce between 100 and 150 monopiles per year. The monopiles […]

  • ST3 Offshore for Sale After Entering Bankruptcy

    25 February 2021
    Business & Finance

    Polish manufacturer of steel foundations for offshore wind farms, ST3 Offshore – which declared bankruptcy in March 2020 – has been put up for sale by the Official Receiver of the company in insolvency. A tender has been issued for the sale of ST3 Offshore with a reserve price of the company amounting to PLN […]

  • Galloper Takes First Construction Steps

    3 November 2015
    Wind Farm Update

    This morning, RWE informed that the first steel for the topside of Galloper’s offshore substation is being cut in Hartlepool, marking the official kick-off of the construction phase.  RWE announced the construction start when the final investment decision was made at the end of the last month. The 336MW Galloper offshore wind farm, which will […]

  • Offshore Wind Holds Dong Financially Stable in 2014

    5 February 2015
    Business & Finance

    Dong Energy issued its financial results for 2014 today, which show the company’s strong growth in EBITDA (+9%) and cash flows (+54%). However, decline in oil and gas prices resulted in post-tax impairments of DKK 6.6 billion.  CEO and President Henrik Poulsen said: EBITDA was up 9% at DKK 16.4 billion despite a significant negative […]

  • Royal Haskoning to Lead EIAs for Dogger Bank Offshore Wind Farm Zone (UK)

    25 October 2011

    Royal Haskoning has agreed a framework with Forewind to provide Co-ordination and Lead Consultancy roles for Environmental Impact Assessments (EIAs) relating to projects within the Dogger Bank Offshore Wind Farm Zone. Potentially the largest offshore wind farm development in the world, the Dogger Bank zone could supply up to ten per cent of the UK’s […]

  • Vestas’ 3rd Offshore Wind Farm Opening in Just One Year (Denmark)

    13 December 2010

    As Belwind nv celebrates the opening of Bligh Bank Offshore Wind Farm today, Vestas marks this its third offshore wind farm inauguration this year. As the pioneers of offshore wind Vestas once again makes its mark on the industry by opening a record three offshore wind farms in one year. 2010 has brought along the […]

  • Siemens Gamesa Gets Order for Vietnam’s Nearshore Wind Farm

    22 July 2019
    Wind Farm Update

    Siemens Gamesa has received an order to supply turbines for the No. 5 Thanh Hai 1 nearshore wind project in Vietnam. Siemens Gamesa will provide seven of its SG 4.5-145 turbines for the 32MW project located some 2-5km off the coast, as well as O&M services for a period of 10 years. According to the company, onshore […]

  • First Foundation Stands at World’s Largest Offshore Wind Farm

    26 July 2022
    Vessels, Wind Farm Update

    Installation of the 277 wind turbine foundations has started on the 3.6 GW Dogger Bank Wind Farm which is being developed 130 kilometres off the Yorkshire coast, the UK. The campaign to install turbine foundations at what will be the world’s largest offshore wind farm has commenced in recent days, with the installation of the […]

  • APEM Begins Race Bank Wildlife Surveys

    25 June 2018
    Environment, R&D

    APEM has commenced aerial wildlife surveys at Ørsted’s 573MW Race Bank wind farm located offshore North Norfolk in the UK.

  • Able UK, Siemens Back Offshore Wind Connections 2015

    1 April 2015

    Leading renewables businesses and industry figures are backing the Offshore Wind Connections 2015 conference and exhibition to be held on June 4 at the Spa, Bridlington. Team Humber Marine Alliance (THMA) has just announced headline lead sponsorship by Able UK, and by Siemens and East Riding of Yorkshire Council. Mark O’Reilly, chairman of the business […]

  • Germany: Consortium of Commercial Banks and EIB Sign Contract to Finance Global Tech I Offshore Wind Farm

    8 July 2011
    Business & Finance, Operations & Maintenance, Wind Farm Update

      The bulk of financing for one of the most costly ever wind farms in the German North Sea has now been secured. A consortium of commercial banks and the European Investment Bank (EIB) signed the finance contract for the Global Tech I project in Hamburg . The external borrowing requirement is around EUR 1 […]

  • Supply Vessels Wanted for Global Tech I and BARD Offshore 1

    3 September 2018
    Contracts & Tenders, Vessels

    Global Tech I Offshore Wind GmbH and Ocean Breeze Energy GmbH have issued a tender for the provision of supply vessels for the Global Tech I and BARD Offshore 1 wind farms in the German North Sea.

  • Marine Power Systems Hires Design Engineer

    7 September 2015

    Marine Power Systems, a Swansea-based wave energy technology company, has expanded its team by hiring a top student from the mechanical engineering discipline. Daniel Pérez Torres, who has a background in marine renewable energy, recently started work at the company as a full time design engineer. Torres has completed a mechanical engineering degree at Queen Mary […]

  • Britain Overwhelmingly Supports Wind Power

    5 September 2013
    R&D

    RenewableUK has today welcomed an opinion poll carried out by ComRes which once again highlights overwhelming support for wind power among the British public. The opinion poll shows that a massive 67% of people support building wind farms in the area in which they live, making wind one of the most popular forms of energy […]