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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).
Marubeni Corp. has been selected to build two wind farms off the coast of Japanese Akita prefecture, Bloomberg informs. The two planned wind farms will have a total capacity of 145 MW. A 65 MW offshore wind farm will be built near the Akita port, while the Noshiro port will overlook an 80 MW facility. This was confirmed by the […]
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 […]
Marubeni Corp. now owns 55% of Seajacks International Ltd. In 2012, Innovation Network Corporation of Japan (INCJ) and Marubeni acquired Seajacks with 50:50 ownership stakes. Marubeni has now bought 5% from INCJ and became the major shareholder of the company that owns and manages jack-up vessels for offshore installation of energy projects. Marubeni and INCJ […]
Maf Smith of RenewableUK backed the offshore wind investment announcements made today by the Green Investment Bank. The announcements stated the Green Investment Bank was investing jointly with the Marubeni Corporation to purchase a 50% share in Dong Energy’s Westermost Rough wind farm, which is being built off the coast of East Yorkshire, and also […]
DONG Energy has today signed an agreement to sell 50 per cent of the 210 megawatt UK offshore wind construction project Westermost Rough to Marubeni Corporation and UK Green Investment Bank. At completion of the transaction, Marubeni and UK Green Investment Bank will each acquire a 25 per cent ownership share in Westermost Rough for […]
Mainstream Renewable Power has appointed Marubeni and Technip Offshore Wind Limited (working in consortium) as the preferred supplier of balance of plant EPCI (Engineering, Procurement, Construction and Installation) services for the Neart na Gaoithe offshore wind farm. Mainstream also announced today that Siemens is its preferred supplier of wind turbines, which will be sited in […]
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 […]
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. […]
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 […]
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 […]
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 […]
A consortium made up of Marubeni (project integrator), the University of Tokyo, Mitsubishi, Mitsubishi Heavy Industries, IHI Marine United, Mitsui Engineering & Shipbuilding, Nippon Steel, Hitachi, Furukawa Electric, Shimizu and Mizuho Information & Research are participating in an experimental offshore floating wind farm project sponsored by the Ministry of Economy, Trade and Industry. This experimental […]
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 […]
Marubeni Corporation has entered into an agreement with DONG Energy whereby Marubeni acquires a 49.9% stake in the 172MW Gunfleet Sands offshore wind farm. Marubeni will pay to DONG Energy a cash consideration of approx. GBP 200 million for the 49.9% stake in Gunfleet Sands. Completion of the transaction is conditional on, inter alia, […]
The Japanese New Energy and Industrial Technology Development Organization (NEDO) has shared videos showing the construction and installation of the two-bladed Hibiki floating wind turbine. The Aerodyn SCD 3MW turbine, installed on Ideol's Damping Pool floating foundation, was towed from the Kitakyushu Port to the installation site some 15km off Kitakyushu City on 29 August 2018. Hibiki, set to be […]
Japanese utility JERA has agreed to acquire a 24.95% equity interest in the Gunfleet Sands offshore wind farm in the UK from Marubeni Corporation.
Metal bending specialist Kersten has been commissioned to produce the curved inverted angle profiles for the floating foundations of the Windfloat Atlantic project in Portugal.
The two-bladed floating wind turbine recently assembled in Japan's Kitakyushu Port will be towed to the installation site some 15 kilometres offshore on 24 August, according to the Japan Wind Power Association (JWPA). The Aerodyn SCD 3MW wind turbine, mounted onto Ideol's patended Damping Pool floating foundation, is expected to start delivering power to the grid […]
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.
ASM Industries has secured a contract to manufacture and supply two complete foundations for the WindFloat Atlantic floating wind project in Portugal.
Navantia has begun manufacturing a floating foundation for the Portuguese WindFloat Atlantic project at the Fene shipyard in Spain, after the Navantia-Windar joint venture won a contract for the works a few months ago, the foundation manufacturer informed.
China's Hengtong has been awarded a contract by REN – Rede Electrica Nacional, S.A., the operator of transmission grids in Portugal, to design, manufacture and install the submarine export power cable system for the WindFloat Atlantic floating wind project.
Aker Solutions has purchased an initial 5% stake in Principle Power, forming an alliance that brings its offshore oil & gas engineering expertise into the floating offshore wind market.
The European Commission has approved the acquisition of joint control over the Portuguese WindPlus consortium by Chiyoda Generating Europe (CGE), Diamond Generating Europe Limited (DGE), EDP Renewables, Trustwind and Repsol NE.
Hartlepool-based subsea cable supplier JDR has been selected by WindPlus as the preferred cable supplier for the 25MW Windfloat Atlantic floating wind farm