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Havyard Group has confirmed it signed a contract for the fifth Service Operation Vessel (SOV) ordered by Esvagt, which will be chartered by MHI Vestas Offshore Wind for a period of fifteen years to serve the 252MW Deutsche Bucht (DeBu) offshore wind farm in Germany.
Wave energy developer Carnegie Wave Energy Limited was award a new AUD 11m (EUR 7.6m) Australian Federal Government grant to support Carnegie’s next wave power project. The AUD 11 million grant will be received from the Australian Renewable Energy Agency’s Emerging Renewables Program. This is matched by the $20m five-year loan facility from the Clean Energy Finance Corporation […]
In accordance with a report by Ernst&Young concerning the impact of the offshore wind energy on the Polish economy the country is facing a unique opportunity. Reaching 6 GW in offshore wind in 2025 will entail PLN 73.8 billion value added for the Polish economy. Direct revenues of the public finance sector amount to PLN […]
Orkney-based tidal energy firm, Scotrenewables Tidal Power, have secured £7.6 million worth of foreign investment as they look to design, build, install and test a next generation tidal turbine, the SR200. The private funding from overseas adds to the £1.24 million grant the company received from the WATERS2 scheme run by the Scottish Government, Scottish Enterprise […]
Vattenfall plans to invest SEK 24 billion (EUR 2.3 billion) in wind power in 2019 and 2020, the Swedish energy company said in its 2018 Year-End Report. In December 2018, Vattenfall made the investment decision for the 605MW Kriegers Flak offshore wind farm in Denmark. The investment decision for the Vesterhav Syd & Nord offshore wind […]
The Danish Government Scheme for Energy Technology Development and Demonstration Program (EUDP) has awarded DKK 16 million (more than EUR 2 million) to Rope Robotics.
Siemens Gamesa Renewable Energy (SGRE) reported an offshore wind turbine order intake totalling 2,272MW in its fiscal year 2018 – 31% more than in FY 2017 – with a total value of approx. EUR 2.78 billion.
Jan De Nul has signed a Memorandum of Understanding (MoU) with the Taiwan International Ports Corporation (TIPC) to establish a logistics hub at the Taichung Port for the Formosa 1 Phase 2 project.
The Global Wind Energy Council (GWEC) has created a new Offshore Wind Taskforce to accelerate the development of offshore wind technology in non-European markets such as Asia and North America.
UK-based Aura, an initiative of the University of Hull, has secured a GBP 4 million funding from the European Regional Development Fund (ERDF) to build the Aura Innovation Centre (AIC) and provide a support program for Humber-based small and medium-sized enterprises (SMEs) in the offshore wind and low carbon sectors.
On Saturday, 17 March, wind farms across the UK reached a record output of around 14GW, supplying approximately 37% of the country’s electricity at one point during the day, according to data from Drax Electric Insights.
Swedish energy company Vattenfall has recorded a net profit of SEK 9.6 billion for the Fiscal Year 2017, reporting a positive full-year result for the first time in the last five years.
The global offshore wind market is set to grow at a 16 percent compound annual rate from 2017 to 2030, reaching a cumulative capacity of 115 gigawatts compared with 17.6 gigawatts today, according to Bloomberg New Energy Finance.
WindEurope and Swiss Re Corporate Solutions have published a report called The value of hedging, which introduces hedging as an instrument to cover the resource risk of variable wind generation, or ‘volume risk’, as wind power projects are getting more exposed to market risks with the transition to auctions allocating renewable energy support.
Dutch offshore foundations manufacturer Sif expects to end 2017 with a record annual production of around 222 Kton following solid results posted for the third quarter of the fiscal year.
The floating island concept, revealed earlier this year, will now be further studied and developed through a Horizon 2020-funded project [email protected] that started on 1 November and will run for three years.
Siem Offshore Contractors (SOC) continues to experience a high level of tendering activity for EPIC-based contracts for submarine power cables to be laid on offshore wind farms, the company stated in their report on the third quarter of 2017.
A research-business partnership between Siemens Gamesa, DONG Energy and three UK universities has secured a portion of a GBP 78 million grant funding for an offshore wind project.
In 2016, Europe raised a total of EUR 43 billion for the construction of new wind farms, refinancing operations, project acquisitions, and public market fundraising. Out of EUR 27.6 billion reached in new asset financing, offshore wind accounted for a record-breaking EUR 18.2 billion, while onshore wind new asset financing dropped by 5% to EUR 9.4 billion.
Iberdrola posted net profit of EUR 827.6 million in the first quarter of 2017, 4.7% down on the same period last year.
CCCC Third Harbour Engineering has won a tender for the construction of a wharf on Cormorant Island, located in the Xiuyu District of Putian City, which will serve the Putian Pinghai Bay Phase II offshore wind project. The work includes marina basin dredging, excavation, caisson production, installation, installation of ancillary facilities, etc. The contract is valued at CNY […]
DONG Energy has announced the results of its Initial Public Offering (IPO) through which 17.4% of the company’s shares have been allocated to more than 36,000 new investors at the final offer price of DKK 235 (EUR 31.6), leading to a market capitalisation of the company of DKK 98.2 billion (EUR 13.2 bn). The admission to trading and official listing of […]
The minimum price target for DONG Energy’s shares which are expected to start trading on Nasdaq Copenhagen on 9 June has been raised, Reuters reported a source familiar with the matter as saying. The company’s owners have set a price range of between DKK 220 to DKK 255 per share, as opposed to initially announced […]
DONG Energy will sell up to 17.4% of the existing shares through the Initial Public Offering (IPO) scheduled for June 2016, with the indicative prince range set at DKK 200 to DKK 255 per share, corresponding to an implied market capitalisation of the company of DKK 83.5 billion to DKK 106.5 billion (EUR 11.2bn – 14.3bn). The IPO consists of […]
DONG Energy intends to launch an Initial Public Offering (IPO) of its shares on Nasdaq Copenhagen this summer. The company plans to put at least 15% of its shares on the market through a partial sell-down by the current shareholders of DONG Energy other than employee shareholders. The final offer size will be communicated in connection […]
A large number of international banks and investors have emerged from the financial crisis and are now offering venture capital for green investments such as offshore wind, a healthy and positive sign reflecting a more mature market, but the one that places new demands on early investors, Denmark’s export credit agency EKF said in its Annual […]