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£52m of funding for the transmission link to the Walney 1 offshore wind farm will be provided by the European Investment Bank, the European Union’s long-term lending institution. Blue Transmission Walney 1 Limited has been granted a licence to own and operate the offshore transmission link by Ofgem E-Serve, the UK energy regulator’s business unit […]
The European Investment Bank (EIB) is providing a EUR 80 million loan to finance the construction and operation of Germany’s first … (iewy) [mappress] Source: iewy , March 09, 2011;
The European Investment Bank has formally agreed to provide a EUR 450 million loan to TenneT Holding B.V. to finance construction and… (finchannel) [mappress] Source: finchannel, January 31, 2011
Melchior Karigl, Financial Director at the European Investment Bank and Michael van der Heijden, Managing Director at Typhoon Offshore have confirmed their presence at the conference Offshore Wind Installation and Maintenance 2011. The second edition of the conference will open with a session on the financing of wind parks. Within the European Investment Bank, speaker […]
The European Commission has concluded that public funding of 3 billion GBP (around €3.7 billion) granted by the United Kingdom (UK) for the creation of a bank investing in environmentally friendly projects, is in line with EU state aid rules. The Green Investment Bank (GIB) will invest only in projects that could not obtain sufficient […]
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over Diamond Transmission Partners by Diamond Transmission Corporation Limited (DTC) and by Infrared Capital Partners Limited (IRCP). Diamond Transmission Partners is the holding company of the Offshore Transmission Owner (OFTO) for the 573MW Race Bank offshore wind farm, active in […]
The Japan-based Nippon Life Insurance has executed a GBP 200 million syndicated loan for the Race Bank offshore wind project in the UK.
Windplus S.A. will receive around EUR 96 million from the European Investment Bank (EIB), the EU’s NER300 programme and the Government of Portugal to build the 25MW WindFloat Atlantic floating wind farm.
The European Investment Bank (EIB) has agreed to provide an undisclosed amount of funding for the construction of the Seamade offshore wind farm in the Belgian North Sea.
The European Investment Bank (EIB) has approved financing for an unnamed offshore wind project in Belgium as part of the EUR 3.4 billion investment package for renewable energy, energy efficiency, Near Zero Energy Buildings, hydropower and district heating projects.
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.
Green Investment Group Limited (GIG), the specialist green energy principal investment business of Macquarie Group Limited, has acquired a 25% interest in Westermost Rough offshore wind farm from Marubeni Corporation (Marubeni).
The Offshore Renewable Energy (ORE) Catapult has announced a GBP 920,000 programme to advance offshore wind research in Scotland, based around its Levenmouth Demonstration Turbine.
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.
The Scottish Government has invested a further GBP 1.5 million in the Carbon Trust’s collaborative research, development and demonstration (RD&D) programme – the Offshore Wind Accelerator (OWA).
The European Investment Bank (EIB) and Elia, the operator of the Belgian high-voltage grid, have concluded a EUR 100 million loan agreement which will be used primarily for financing the Stevin project.
The European Commission has approved the sale of the UK Green Investment Bank’s (GIB) offshore wind farm portfolio to Macquarie Group Limited of Australia and Universities Superannuation Scheme Limited (USSL) of the UK.
A Macquarie-led consortium has agreed to acquire the UK Green Investment Bank from the UK Government for GBP 2.3 billion.
SgurrEnergy has been awarded the construction monitoring contract of the 573MW Race Bank offshore wind farm, followed by a 15-year operations monitoring phase.
The European Commission has selected two new projects for funding under the European Maritime and Fisheries Fund (EMFF) which will tackle the corrosion on offshore platforms and look into the development of multi-use offshore platforms. The first project, the North Sea Solutions for Innovation in Corrosion for Energy (NeSSIE), seeks to deliver new business and investment opportunities […]
The progress offshore wind industry has made in Europe is making things easier when it comes to investments into such projects in the United States.
On 31 January, the Board of Directors of the European Investment Bank (EIB) approved more than EUR 7.8 billion of new financing which, inter alia, includes EUR 57 million (GBP 50 million) for the offshore transmission network of the Burbo Bank Extension offshore wind farm in the UK.
The European Investment Bank (EIB) invested almost GBP 1.2 billion in renewable energy projects in the UK throughout 2016. New EIB support for renewable energy related investment it the UK last year included GBP 500 million for a GBP 1.2 billion Caithness Moray transmission network project to reinforce electricity transmission in northern Scotland and improve connections between […]
DONG Energy has entered into an agreement to sell 50% of Race Bank, a 573 megawatt (MW) UK offshore wind farm project, to Macquarie European Infrastructure Fund 5 and Macquarie Capital, the principal investment arm of Macquarie Group – with equal interests. As part of the transaction, DONG and Macquarie have agreed on a framework […]
EU Commissioner Arias Cañete and EBRD President Chakrabarti today signed a new Memorandum of Understanding to enhance energy cooperation between the EU and the European Bank for Reconstruction and Development (EBRD). The new agreement will broaden the existing cooperation to a significant number of areas, including scaling-up energy efficiency financing, increasing investment in renewable energy, […]
It has been projected that global offshore wind expenditure will reach GBP 210 billion (approx. EUR 247 billion) by 2025. Investments in the offshore wind sector depend on the certainty within the market, and this is subject to favourable governmental policies and the industry’s ability to cut down the costs, which create a solid ground […]