Search results for: Marubeni Corporation

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  • 30 March 2012
    Business & Finance

    On November 1st, 2011 Marubeni Corporation acquired a 49.9% stake in DONG Energy’s 172MW Gunfleet Sands offshore wind farm, with arrangements for the project financing of Marubeni’s equity portion being initiated. Marubeni announce that on March 30, the project financing, utilizing Overseas Untied Loan Insurance provided by Nippon Export and Investment Insurance, was completed. With […]

  • 24 February 2017
    Business & Finance, Vessels

    Tokyo-based Mitsui O.S.K. Lines (MOL) today informed it plans to acquire a 5% share in Seajacks from Marubeni Corporation.

  • 1 November 2011
    Business & Finance

    On September 1st 2011 Marubeni Corporation and DONG Energy entered into an agreement whereby Marubeni acquires a 49.9% stake in the 172MW Gunfleet Sands offshore wind farm. Completion of the transaction was conditional on, inter alia, certain matters relating to financing. The transaction has today been completed. The information provided in this announcement does not […]

  • 19 March 2012

    Marubeni Corporation, one of the largest Japanese trading companies, Innovation Network Corporation of Japan (INCJ), a government-sponsored private equity corporation, and Riverstone Holdings LLC, a leading conventional and renewable energy focused private equity firm, today announced jointly that Marubeni and INCJ have agreed to acquire Seajacks International from funds controlled by Riverstone Holdings. The terms […]

  • 4 October 2013
    Business & Finance

    Mainstream Renewable Power today announced the closing of the €100 million equity investment by global Japanese Trading Company Marubeni Corporation. The deal, which was announced in August, has been approved by Mainstream’s shareholders and makes Marubeni the largest institutional investor in Mainstream with a significant minority stake of approximately 25%. Commenting on the closing of […]

  • 6 February 2020
    Business & Finance

    Bech-Bruun has advised Marubeni Corporation and its partners on the legal and commercial matters in relation to the Akita Noshiro offshore wind project in Japan.

  • 3 February 2020
    Business & Finance, Wind Farm Update

    The construction of the onshore substations and transmission lines is scheduled to start in February 2020, and the commercial operations are expected to start in 2022, according to Marubeni.

  • 13 May 2014
    Business & Finance

    DNV GL has advised the UK Green Investment Bank (GIB) and Japan’s Marubeni Corporation on their joint purchase of a 50% stake in the Westermost Rough wind farm, five miles offshore from Hull. The investment in the UK site, still 50% owned by DONG Energy, will see the first large scale commercial project in the […]

  • 1 April 2014
    Business & Finance

    Slaughter and May advised DONG Energy on its proposed disposal of a 50% interest in the 210MW Westermost Rough offshore wind farm to a joint venture established between Marubeni Corporation and UK Green Investment Bank plc.  The law firm also advised the energy company on the terms of certain related financing, construction management, operations and […]

  • 19 January 2016
    Authorities, Business & Finance, Operations & Maintenance, R&D, Wind Farm Update

    Japan’s New Energy and Industrial Technology Development Organisation (NEDO) will subsidize portions of project costs related to the development of two offshore wind farms with a combined capacity of 270MW. The first project NEDO will back is a 170MW offshore wind farm near the Port of Noshiro, Akita Prefecture, developed by Marubeni Corporation and Obayashi Corporation. The […]

  • 11 August 2014
    Business & Finance, Wind Farm Update

    Marubeni Corporation today announced that an agreement concerning project financing for the Westernmost Rough Offshore Wind Power Project has been reached with a consortium of lenders and WMR JV Investco Limited, a UK company jointly owned by Marubeni and wholly state-owned UK Green Investment Bank plc. Approximately £370million of project financing will secure the funds for […]

  • 10 November 2013
    R&D, Technology

    Japan is speeding up with the development of its floating offshore wind projects, in an aim to move away from nuclear power and shift to renewables. Recently, a floating wind turbine of 2MW capacity started generating power near Nagasaki prefecture.  In Fukushima prefecture, a group of 11 companies, headed by Marubeni Corporation have installed a […]

  • 27 March 2018
    Business & Finance, Contracts & Tenders, Wind Farm Update

    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).

  • 1 April 2014

    The Crown Estate has welcomed announcement by the UK Green Investment Bank (GIB) to commit £461 million into two of the country’s largest offshore wind projects. The government-backed bank announced that it is to take equity stakes in both the Westermost Rough offshore wind farm off the coast of Yorkshire and the Gwynt y Môr […]

  • 25 May 2012
    Business & Finance

    Marubeni Corporation (Marubeni) and Innovation Network of Japan (INCJ) have jointly completed a deal after closing the financing for the acquisition of Seajacks International Ltd. (Seajacks), whose purchase had been agreed upon with Riverstone Holdings LLC. The finance was provided through a syndication consisting of six banks, the Development Bank of Japan, Sumitomo Mitsui Banking […]

  • 17 June 2015
    Wind Farm Update

    Dong Energy has announced on its social media pages that the inauguration of its Westermost Rough offshore wind farm will be held on July 1st.  The last of the 35 turbines was lifted into position in March and the full power output has been achieved at the end of May. Westermost Rough, located off the UK’s […]

  • 5 August 2013
    Business & Finance

    Global wind and solar developer, Mainstream Renewable Power and Japanese Trading Company Marubeni Corporation today agreed a €100 million equity investment deal which sees Marubeni gaining a circa 25% holding in Mainstream. The deal, which is subject to shareholder approval, represents the largest single equity investment in the company’s five and a half year history. […]

  • 27 July 2016
    Business & Finance, R&D, Wind Farm Update

    A Japanese consortium led by Marubeni Corporation has entered into an agreement to carry out a feasibility study for the 145MW Akita offshore wind farm project off Akita Prefecture. The public offering of the project at Akita Port and Noshiro Port was made by Akita Prefecture for the purpose of expanding the installation of renewable energy and industrial […]

  • 31 October 2013
    R&D, Technology

    A floating wind turbine of 2MW capacity started generating power near Nagasaki prefecture on Monday (October 28), Bloomberg informs. This is a demonstration project, which is carried out by a group led by Toda Corporation for the Japanese Ministry of the Environment. Last year, the group installed a 100kW model of the floating wind turbine […]

  • 27 March 2020
    Contracts & Tenders, Vessels, Wind Farm Update

    UK-based Seajacks International Limited has, through its 100% subsidiary Seajacks Japan, Ltd., signed a foundation installation contract with Kajima Corporation for an offshore wind farm project at Akita Port and Noshiro Port in Akita Prefecture, Japan. This project is expected to be the first bottom-fixed large-scale offshore wind power project in Japan funded 100% on […]

  • 6 May 2015
    Wind Farm Update

    A2SEA’s specialist jack-up vessel Sea Challenger has recently installed the last 6MW turbine at Westermost Rough. Developed by Dong Energy the wind farm, comprising 35 turbines, can produce enough power to cover the annual electricity consumption of more than 150,000 households. The wind turbines have three blades of 75 metres each and a total height of 177 […]

  • 27 December 2013
    Business & Finance

    Development Bank of Japan Inc. (DBJ) has decided to co-invest with Marubeni Corporation in the UK’s Gunfleet Sands offshore wind farms 1 and 2. According to the DBJ site, the bank and Marubeni will each own 24.95 percent stake in the offshore wind farms while Dong Energy will retain its majority ownership share of 50.1 […]

  • 4 February 2016
    Business & Finance, Grid Connection

    Westermost Rough Ltd, a wholly owned subsidiary of DONG Energy, the UK Green Investment Bank and Marubeni Corporation, has signed an agreement for the sale of its transmission assets to TC Westermost Rough OFTO Limited. The transmission assets, valued at GBP 157 million, include the onshore substation, export cables and the offshore substation. TC Westermost Rough […]

  • 26 May 2015
    Operations & Maintenance, Wind Farm Update

    CWind has won a deal to provide a three months corrosion protection campaign to the offshore wind farm Westermost Rough in the North Sea, owned jointly by DONG Energy, The UK Green Investment Bank and Marubeni Corporation. CWind will deliver the campaign as an integrated service package that includes a crew transfer vessel as well as […]

  • 10 August 2018
    Ports & Logistics, R&D, Technology

    A consortium led by Japan’s New Energy and Industrial Technology Development Organization (NEDO) has fully assembled a 3MW demonstrator floating wind turbine at the Kitakyushu Port.  

  • 21 April 2015
    Wind Farm Update

    The Westermost Rough Offshore Wind Farm, situated off the Holderness coast, is currently in the latter stages of construction and is expected to reach full power in 2015. It is the first offshore wind farm to make commercial use of the Siemens 6MW wind turbine. The wind farm is a joint venture between DONG Energy […]