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  • 13 June 2016

    On 8 June, Iemants, part of Eiffage Group, completed the load-out of the jacket for the Race Bank substation. The load-out and sail-away of the topside will take place in the coming weeks, Smulders, also part of Eiffage, reported on its social media pages. Works on connecting Race Bank wind farm’s offshore cables to the ones […]

  • 6 April 2016
    Grid Connection, Wind Farm Update

    Works on connecting Race Bank wind farm’s offshore cables to the ones on land at a landfall site north of Sutton Bridge should start this month, DONG Energy reported in its project newsletter. Landfall works will be done with a specific approach, since the area comprises a saltmarsh and a sea defence bank. DONG Energy has developed the site-specific […]

  • 24 June 2015
    Wind Farm Update

    DONG Energy has awarded a contract to supply subsea power cables for the Race Bank offshore wind farm to UK-based company JDR. Additionally, both companies have collaborated on a comprehensive frame agreement for offshore wind farm cable and accessory supply. For this contract, JDR will design and manufacture 110 kilometres of 36 kV inter-array cables […]

  • 24 June 2015

    Following DONG Energy’s final investment decision for the Race Bank offshore wind farm, NKT announced that it will now start with the production of more than 150 kilometers of 220 kV high voltage submarine export cables. The cable will be manufactured in Cologne, Germany, with the first phase ready for installation in 2016. The second and last […]

  • 23 February 2015
    Business & Finance

    Deutsche Bank plans to invest EUR 1 billion into a portfolio of high quality liquid assets in the form of Green Bonds. These will be held as part of the Bank’s Liquidity Reserve investments. Deutsche Bank has already made EUR 200 million in eligible Green Bond investments and plans for this portfolio to reach EUR […]

  • 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 […]

  • 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 […]

  • 10 November 2011
    Business & Finance

    The European Investment Bank may raise the price of loans to renewable energy projects to bolster capital as demand for funds rises, the bank’s climate chief said. “You could say that this year’s projects have to pay a bit more for next year’s borrowers, but it all goes back into the business,” Chris Knowles, head […]

  • 3 December 2015
    Authorities, Business & Finance

    Dong Energy’s committee for the initial public offering (IPO) has chosen JP Morgan Securities, Morgan Stanley, and Nordea Markets, a division of Nordea Bank Denmark, to manage the company’s planned IPO, Denmark’s Ministry of Finance reports. The IPO is expected within the next 15 months, and is projected to value the company at between DKK 50 and […]

  • 20 January 2017
    Authorities, Business & Finance

    Scotland’s Cabinet Secretary for Economy, Jobs and Fair Work, Keith Brown, has received assurances from the UK government that the strategic importance of the Green Investment Bank  (GIB) to Scotland will be fully considered as part of ongoing discussions around its privatisation. “The Green Investment Bank plays a unique strategic role in funding innovative and […]

  • 13 June 2018
    Wind Farm Update

    Ørsted and its project partners, Macquarie and Sumitomo, officially opened the 573MW Race Bank offshore wind farm on 13 June at a ceremony in Grimsby, UK.

  • 6 August 2015
    Authorities

    The Crown Estate has welcomed the UK Government’s approval of Dogger Bank Teesside A & B offshore wind project. Head of Offshore Wind for The Crown Estate, Huub den Rooijen said: “Today’s announcement marks a great success for the future of the UK’s infrastructure development and is testimony to the hard work of Forewind and the […]

  • 26 October 2018
    Business & Finance

    Fugro has recorded a revenue growth of 19.4% in the third quarter of 2018 compared to the same period last year, an increase mainly driven by offshore wind and oil & gas markets.

  • 4 April 2013
    Business & Finance

    After last year proved to be above expectations for HSH Nordbank’s Renewables business division, the bank wants to build on this success in 2013 and further expand the business. HSH Nordbank is one of Germany’s leading financiers in this segment. “We have supported about 20 new projects in the past year. The volume of our […]

  • 30 September 2014
    Business & Finance, Environment

    In connection with the World Bank’s campaign ‘Putting a price on Carbon’, DONG Energy has signed a statement together with more than 1000 companies stipulating that putting a price on CO2 emission at a global level is needed. According to Jakob Askou Bøss, Vice President in DONG Energy, a price on CO2 emission at a […]

  • 1 August 2012

    As the Bloomberg writes, Lloyds Banking Group is ready to invest around GBP 333 million in renewable energy, out of GBP 1 billion grant to help implement the government’s Infrastructure Plan. Chris Heathcote, global head of project finance at the bank, said the bank is hopping to invest all the money within 18 months. The […]

  • 12 July 2017
    Business & Finance

    Together with the UN Environment Finance Initiative (UNEP FI), eleven of the world’s leading banks have committed to developing analytical tools and indicators to strengthen their assessment and disclosure of climate-related risks and opportunities.

  • 6 May 2015
    Authorities, Wind Farm Update

    The UK Planning Inspectorate submitted a report of recommendation for Forewind’s Dogger Bank Teesside A&B offshore wind project to the Secretary of State on May 5. The Secretary of State will issue a decision in the following three months. Dogger Bank Teesside is Forewind’s second stage of development of the Dogger Bank Zone. Originally planned to be four separate wind […]

  • 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 […]

  • 5 December 2011
    Business & Finance

    Already since May 2011 the wind farm EnBW Baltic 1 has been delivering green power from the Baltic Sea – since Friday its long-term financing is also in place: a banking syndicate comprised of the European Investment Bank (EIB), KfW IPEX-Bank, Landesbank Baden-Württemberg (LBBW) and NIBC Bank N.V. will extend a loan amounting to EUR […]

  • 20 April 2016
    Vessels

    DONG Energy and Seacat Services have signed a two-year contract for four crew transfer vessels to support construction operations at the Race Bank offshore wind farm. Ian Baylis, Managing Director of Seacat Services, said: “Our work with DONG Energy on Race Bank over the coming months will enable us to channel further investment into the local supply chain by […]

  • 18 August 2017
    Business & Finance, Environment

    A consortium comprising Macquarie Group Limited, Macquarie European Infrastructure Fund 5 (MEIF5) and Universities Superannuation Scheme (USS) has successfully completed the acquisition of the Green Investment Bank from the UK government for GBP 2.3 billion.

  • 17 August 2016
    Grid Connection, Wind Farm Update

    DONG Energy’s 580MW Race Bank offshore wind farm got the first of two of its offshore substations last week, Smulders reports. The topside and the jacket of the Race Bank 02 substation, loaded out back in June, were successfully installed at the site off Norfolk, UK, by Seaway Heavy Lifting. Iemants and Engie Fabricom are currently building […]

  • 15 May 2015
    Business & Finance

    The Gemini offshore wind project transaction has been awarded “Wind Deal of the Year 2015” by Environmental Finance (EF).   “It was big, it was bold, and it broke new ground in the way it was financed,” EF said when it revealed the winners of its 8th Annual Deals of the Year Awards in April. A total […]

  • 27 October 2016
    Authorities, Business & Finance, Environment

    Societe Generale was involved in 100% of offshore wind farm projects financed in Europe this year, the French multinational banking and financial services company said in its announcement that it will stop dedicated coal financing and step up its commitment to renewable energies. This decision will take effect on 1 January 2017. By doing this, the […]

  • 12 February 2016
    Business & Finance, Wind Farm Update

    Deutsche Bank’s Global Transaction Banking division has taken on several mandates for the refinancing of the 288MW Meerwind Süd/Ost offshore wind farm in the German North Sea. Similarly to the recently closed Gode Wind 1 wind farm acquisition financing that Deutsche Bank supported, Global Transaction Banking will act in numerous capacities to support the complex array […]