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Essen-based energy company E.ON has submitted its application to integrate innogy to the EU Commission. “With the filing of the transaction in Brussels, we have taken an important step towards our goal of implementing the transaction agreed with RWE to acquire innogy from mid-2019. We are also well on track to prepare the planned integration of […]
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 […]
The U.S. competition authorities have approved Ørsted's acquisition of a 100% equity interest in Deepwater Wind, taking the takeover to completion.
Polish state-owned utility Polska Grupa Energetyczna (PGE) has announced a tender offer to acquire a 100% stake in Poland's largest privately-owned energy company - Polenergia.
The Executive Board and the Supervisory Board of innogy SE have not issued any recommendations to innogy’s shareholders on the voluntary public takeover offer of E.ON Verwaltungs SE.
E.ON has launched its voluntary public takeover offer (PTO) for shares in innogy SE following the approval of the offer document by the German Federal Financial Supervisory Authority.
Canada's Northland Power Inc. has completed the acquisition of 100% of the shares of British Wind Energy GmbH, which owns the Deutsche Bucht offshore wind project, from Highland Group Holdings Ltd.
The European Commission has sent a Statement of Objections to General Electric (GE) alleging the company breached EU merger rules by providing incorrect or misleading information in connection to the takeover of LM Wind Power. In the Statement of Objections, the Commission has informed GE of its preliminary conclusion that the company provided incorrect or […]
UK-based design, engineering and project management consultancy WS Atkins and Canada's SNC-Lavalin Group have reached agreement on the terms and conditions of a recommended all cash acquisition of the entire issued and to be issued share capital of Atkins by SNC-Lavalin (GB) Holdings Limited.
GE, which took over Alstom's power and grid businesses last year, has its eye on another company developing offshore wind technology – Adwen – a joint venture between Gamesa and Areva that arose as a stumbling block during Gamesa's merger talks with Siemens. On Tuesday, Reuters quoted Jerome Pecresse, President and CEO of GE Renewable Energy, as saying that […]
The decision of energy giant Centrica to pull out of a windfarm project 17 miles off the North Norfolk coast could prove to be good news for the area. James Gray, inward investment director for the East of England Energy Zone (EEEZ), said he was delighted to see Danish company DONG Energy Power (UK) invest […]
The German company Bard Holding GmbH hopes the negotiations on its takeover will end within about 12 weeks, Bloomberg reports. Axel Bahr, the company’s spokesman, has stated that Bard expects “indicative offers” at end-March and completion in 6 to 12 weeks, however it remains unknown which companies are involved in the current talks. Cost and […]
US Wind Inc and Ørsted U.S. Offshore Wind have expressed their support to Maryland passing the Clean Energy Jobs Act (CEJA) and the plans to achieve 100% clean electricity by 2040. As reported, CEJA will see the development of 1.2GW of additional offshore wind capacity in Maryland by 2030. In May 2017, this US East Coast […]
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 […]
Ørsted has awarded Worley with a contract to engineer and design two offshore wind topside substations for the 700MW Revolution Wind project off the Rhode Island coast, US. The project started in March 2019, with the installation expected in 2022, Worley said. “This project is directly aligned to our strategic priority of supporting our customers through […]
Ørsted US Offshore Wind and Eversource, owners of the Revolution Wind project, have pledged USD 4.5 million to support offshore wind education and supply chain development in Rhode Island. The funding will be invested locally, with USD 3 million dedicated for higher education around offshore wind programs led by the University of Rhode Island (URI), which […]
A team led by the Rhode Island Coastal Resources Management Council (CRMC) is set to conduct a research project on the engineering of the jacket foundations at the U.S. Block Island offshore wind farm. The U.S. Bureau of Safety and Environmental Enforcement (BSEE) has awarded USD 608,722 for the 28-month study of the first U.S. offshore wind commercial project. […]
Maryland needed to pass a piece of legislation that would create a larger carve-out for offshore wind in order to stay competitive in attracting the supply chain, Liz Burdock, President and CEO of the U.S. Business Network for Offshore Wind commented on Maryland passing the Clean Energy Jobs Act (CEJA). In an interview held with Offshore WIND at […]
The Maryland General Assembly has passed the Clean Energy Jobs Act (CEJA) which will incentivize the development of 1.2GW of additional offshore wind capacity off this US East Coast state by 2030. The assembly has subsequently sent the bill to the Governor’s desk for signature. The bill aims to accelerate Maryland's Renewable Energy Portfolio Standard (RPS) to […]
E.ON has reported an increase in earnings in the renewables segment for the 2018 financial year, principally due to the commissioning of a new offshore wind project in the UK and the inclusion of wind farms in the U.S. The company's renewables segment saw EUR 521 million in adjusted EBIT, a EUR 67 million rise, […]
Firms hoping to install wind turbines off the New Jersey coast increased lobbying-related spending 234 percent from USD 261,664 in 2017 to USD 874,679 in 2018, according to the New Jersey Election Law Enforcement Commission. Several firms ramped up their lobbying activity in 2018 in anticipation of the deep sea “gold rush” that will create […]
Beleolico Srl, part of the Toto Group, has reached a final investment decision on the 30MW Beleolico wind farm in the Italian Mediterranean. EY assisted Natixis in financing the construction of the first offshore wind farm in the Mediterranean. The transaction is the first of its kind in Italy. Natixis SA Paris acted as the financing […]
National Grid has filed for regulatory approval of a 20-year contract for energy from Ørsted’s 400MW Revolution Wind offshore wind farm with the Rhode Island Public Utilities Commission (PUC). The contract price for energy and environmental attributes is a fixed, nominal price of US 9.8 cents per kilowatt-hour (US 7.4 cents per kilowatt-hour in 2017 […]
Record-breaking turbines, new offshore wind tenders... read the ten most read news on offshoreWIND.biz in the first month of 2019. Siemens Gamesa Launches 10+ MW Offshore Wind Turbine Siemens Gamesa has launched the SG 10.0-193 DD, the company’s first 10+ MW offshore wind turbine. The prototype is expected to be installed this year, with commercial market […]
Equinor has entered into an agreement with Unitech Offshore for the takeover of its Hywind Demo floating wind turbine in Norway. The turbine will be renamed to UNITECH Zefyros at Hywind Technology from 1 February and will be used as an infrastructure for research and technology projects in Metcentre at Karmøy. In its next phase, the floating turbine will […]
The Connecticut Port Authority (CPA) has reached an agreement with Gateway New London LLC for the long-term operation of State Pier in New London. Under the terms of the 20-year agreement, Gateway assumes operation of State Pier on 1 May 2019, with an option at the end of the term for the CPA to extend […]