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Engie and EDP Renewables have entered into an alliance with the Japan-based Sumitomo Corporation for the development of the Dieppe et Le Tréport and Iles d’Yeu et de Noirmoutier offshore wind projects in France.
As of 24 August, Japan-based Sumitomo Corporation holds a 30% stake in the Northwester 2 offshore wind project, developed by Parkwind in the Belgian sector of the North Sea.
Belgium’s Parkwind and Summit Tailwind Belgium, part of the Sumitomo Corporation, have submitted a notification of concentration to the European Commission for the acquisition of the joint control over Northwester 2.
Zero subsidy offshore wind projects leave the actual electricity price as the only source of income and it is quite difficult for traditional investors such as banks to finance these projects, because that would mean that the banks lending the money must agree to take on the merchant risk, said Christoph Mertens, CEO Summit Renewable Power Europe, a wholly owned subsidiary of Sumitomo Corporation.
The Japan-based Nippon Life Insurance has executed a GBP 200 million syndicated loan for the Race Bank offshore wind project in the UK.
Ofgem has selected Diamond Transmission Partners as the preferred bidder to own and operate the high voltage transmission link to the Galloper offshore wind farm in the UK.
Belgian offshore wind developer Northwester 2 has selected the French cable specialist Nexans to provide an export cable system for the 219MW Northwester 2 offshore wind farm.
Northwester 2 has reached the official close of financial agreements with all key stakeholders and banks for the construction of the 219MW Northwester 2 offshore wind farm in the Belgian North Sea.
Innogy SE officially inaugurated the Galloper offshore wind farm in the UK today, 28 September.
Tendring District Council and the Marine Management Organisation have given the go-ahead for the Operations and Maintenance (O&M) base for Galloper offshore wind farm to be built in Harwich.
The European Commission has approved the acquisition of joint control by Parkwind and Summit Tailwind Belgium over Northwester 2, a project company holding a 224MW concession in the Belgian North Sea.
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.
Following the official opening of the Race Bank, Ørsted will own and partly own 10 operational offshore wind farms in the UK with a combined capacity of over 3,000MW.
Ørsted and its Race Bank project partners, Macquarie and Sumitomo, will hold an inauguration ceremony for the 573MW offshore wind farm in Grimsby, UK, on 13 June.
Ireland’s state owned electricity company Electricity Supply Board (ESB) has acquired a 12.5% stake in the 353MW Galloper offshore wind farm from Macquarie Capital.
The last turbine at Belgian Nobelwind offshore wind farm was installed at 8:50am on 3 April, according to MHI Vestas Offshore Wind’s social media pages.
42 out of 50 MHI Vestas V112-3.3MW turbines have been installed at the 165MW Nobelwind offshore wind farm in the Belgian North Sea, Parkwind, the developer and part owner of the wind farm, reports.