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German energy company RWE has secured a EUR 5 billion credit agreement in preparation for the integration of the renewables activities of E.ON and innogy. The line of credit, provided by 27 international banks, was significantly oversubscribed, RWE said. Under the agreement reached in March 2018, E.ON is to take over RWE’s 76.79% stake in innogy, whereas RWE is […]
Essen-based energy company E.ON reported EUR 211 million adjusted EBIT for its Renewables segment in the first quarter of 2019, a 23% increase compared to EUR 171 million adjusted EBIT recorded in the first quarter of 2018. The increase resulted primarily from an increase in output due to the commissioning of offshore wind farms in Germany and […]
German energy company RWE plans to add between 2GW and 3GW of capacity annually to its renewable energy portfolio in three core markets: Europe, North America, and the Asia-Pacific. The portfolio will be managed by RWE Renewables and the technologies in focus will be onshore and offshore wind, as well as photovoltaics and storage. The capacity […]
RWE and Parkwind have signed a long term power purchase arrangement (PPA) under which RWE Supply & Trading GmbH will procure the electricity production from the 219MW Northwester 2 offshore wind farm. The German energy company intends to sell the electricity and guarantees-of-origin to its large industrial and municipal customers. The Northwester 2 wind farm will consist […]
The European Commission has approved under the EU Merger Regulation the acquisition by RWE of E.ON's renewable and nuclear electricity generation assets. Under the agreement reached in March 2018, E.ON is to take over RWE’s 76.79% stake in innogy, whereas RWE is to obtain among other things all of E.ON’s major renewable energy activities and innogy’s renewable energy […]
Kvaerner has signed a contract with Equinor to study how floating concrete substructures for offshore wind turbines to the planned Hywind Tampen project in the North Sea can be designed and constructed. The objectives of the front-end engineering and design (FEED) assignment are to further mature the design of the concrete substructures, to identify appropriate […]
RWE has filed the acquisition of renewables businesses of E.ON and innogy with the European Commission. The filing is the first step of a merger control procedure which is necessary due to the substantial asset swap between RWE and E.ON, the German utility said. The filing occurs following a pre-investigation by the European Commission […]
RWE, the renewables businesses of E.ON and innogy, is planning to set aside approximately EUR 1.5 billion net in annual funds for investment mainly in the offshore wind, onshore wind and solar PV sectors. According to RWE, the renewables business will focus on the Americas, key markets in Europe and new markets in the Asia-Pacific region. The […]
The Technical University of Denmark (DTU), the Norwegian University of Science and Technology (NTNU) and the Norwegian research institute Sintef have further solidified their cooperation in offshore wind with the start of a new joint research center. The new center, Nordic Offshore Wind R&I Center - NOWRIC, is expected to develop better and reasonable solutions […]
Norway's Equinor and the Norwegian Ministry of Petroleum and Energy met with Nippon Foundation in Tokyo to discuss offshore wind collaboration, GCE NODE said.
Equinor and its partners in the Snorre and Gullfaks licences have secured a portion of funding necessary for the project to power these two oil and gas fields on the Norwegian continental shelf with floating offshore wind turbines.
Innogy has concluded two legally binding agreements – one with E.ON, another with RWE – on the planned integration of innogy into E.ON and the planned integration of innogy’s renewables business into RWE. As reported earlier, E.ON and RWE reached an agreement under which E.ON would acquire RWE's 76.8% stake in innogy in return for granting […]
Norwegian oil and gas major Aker BP has tabled a proposal to power the NOAKA project on the Norwegian Continental Shelf with electricity from shore combined with offshore wind.
The transfer of the renewable energy business from E.ON and innogy to RWE is expected to be completed by the end of 2019, E.ON and RWE said in a statement.
E.ON SE has reached an agreement in principle with RWE AG to acquire RWE’s 76.8% stake in innogy SE via a far-reaching exchange of assets and participations.
Denmark's DTU Wind Energy and Norway's Sintef Energi A/S have signed a Memorandum of Understanding as the first step towards a strong partnership on offshore wind energy R&D.
Norway's Statoil could participate in the country's first floating wind tender under the condition that there are sufficient long-term subsidies, the company's Chief Executive Eldar Saetre told Reuters.
After buying patented 3D crane technology from Norwegian company A-lifting in 2016, the Netherlands-based Van Aalst Group has recently acquired a majority stake in another Norwegian company – Techano, a designer and supplier of offshore cranes and lifting equipment.
The Norwegian government plans to open one to two offshore areas for the development of floating wind power demonstration projects.
Innogy has informed that it achieved its financial independence from RWE on 6 October by signing a stand-alone credit agreement of EUR 2 billion.
VolkerInfra, a division of VolkerStevin, has recently been awarded a contract to deliver land based trenchless solutions as part of the East Anglia One wind farm project off the coast of Suffolk.
Markets Outlook: NORWEA Renewables target Norway has set a renewable target of 67.50 per cent of total energy use by 2020. New renewable electricity production is supported through the co-operative el-certificate scheme. Of the total capacity in the system, Norway is financing 13.20TWh, and Sweden 15.20TWh. Norway will achieve 13.20TWh towards its renewables target, irrespective of […]
Some 90% of Norwegian shipowners find the offshore wind industry as interesting for their activities in the future, according to a diagram published by the Norwegian Shipowners' Association.
INTSOK and INTPOW are merging to form Norwegian Energy Partners, a new organisation that will also support Norwegian offshore wind industry including its supply chain. Norwegian Energy Partners has hired David Ottesen as a Director of the offshore wind unit. Until recently, Ottesen was CEO of Risavika Havn after a long tenure in the energy […]
German energy company RWE AG has earned a total of EUR 2.6 billion through the recently launched initial public offering (IPO) of its renewable energy spin-off innogy SE. At the beginning of October, RWE had placed 70,707,000 innogy shares on the market from its holdings for approximately EUR 2.5 billion as part of the innogy IPO. […]