Search results for: assets

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26 April 2018 Authorities, Business & Finance, Contracts & Tenders, Grid Connection, Operations & Maintenance

Diamond Transmission Partners BBE Limited (DTPBBE) has signed the acquisition of transmission assets connected to the Burbo Bank Extension offshore wind farm located in the Bay of Liverpool in the UK.

28 November 2016 Grid Connection, Operations & Maintenance, Wind Farm Update

RES has been awarded a five year contract to provide O&M services to offshore transmission assets owned by Blue Transmission Walney 1 Ltd. In addition to providing the scheduled and unscheduled maintenance of the equipment, the contract will provide services related to asset and site management, logistics, subsea surveys, and control centre services. RES won the […]

19 October 2016 Business & Finance, Operations & Maintenance, R&D, Technology

Technical and commercial energy consultancy, Everoze, has launched a free online portal which provides new insights on aging renewables and storage assets in the UK and France. The new site - everozeleaf.com –  is designed to allow users to explore the demographics of wind, solar and energy storage assets to stimulate debate and decision-making on life extension […]

7 September 2016 Business & Finance

E.ON has signed an agreement for the sale of transmission assets at its Humber Gateway offshore wind farm to a consortium comprising Balfour Beatty Investments and Equitix.  The final sale price for the transmission assets is GBP 162.9 million. The annual revenue required to cover the transmission network charges that E.ON’s Humber Gateway will pay […]

25 February 2016 Business & Finance, Wind Farm Update

Repsol will sell its offshore wind power business in the United Kingdom to China's SDIC Power for EUR 238 million, the company reported this morning. The sale includes the Inch Cape project (100%) and Repsol’s share in the Beatrice project (25%), both of which are located on the east coast of Scotland. The company said the […]

4 February 2016 Business & Finance

In its Q4 2015 results, Statkraft said it will focus on managing positions in offshore wind to maximise the value of existing assets and projects, as there will be no new investments in offshore wind. Statkraft's investment capacity has been reduced as a result of a revised dividend policy from the Norwegian State. "As a consequence of the […]

21 August 2015 Business & Finance, Grid Connection, Wind Farm Update

West of Duddon Sands, a joint venture owned by DONG Energy and ScottishPower Renewables, has signed an agreement for the sale of transmission assets to WoDS Transmission plc. WoDS Transmission plc is owned by a consortium comprising of Macquarie Corporate Holdings Pty Limited and 3i Infrastructure plc. The transmission assets hold an asset value of GBP 269 million (DKK […]

19 May 2015 Business & Finance, Vessels

Mid October 2014, DEME’s marine foundations specialist GeoSea announced the upcoming acquisition of offshore assets of HOCHTIEF, one of Germany’s leading international construction groups. The financial close of the transaction has now been achieved. HOCHTIEF sold all its offshore assets to marine contractor and long-term partner GeoSea. GeoSea acquired full control of jack-up vessels ‘Innovation’ and […]

13 May 2015 Business & Finance

James Fisher and Sons plc has purchased assets and intellectual property rights of X-Subsea UK Holdings Limited (X-Subsea) for a total consideration of £14.8m. Headquartered in Aberdeen, X-Subsea went into administration on 27 April 2015 following the collapse of its Norwegian parent company Reef Subsea AS. X-Subsea was an operator of specialised excavation, trenching and dredging equipment, […]

11 May 2015 Business & Finance, Grid Connection

James Fisher Marine Services (JFMS), part of James Fisher and Sons plc, announces the signing of a strategic agreement with Balfour Beatty to become the exclusive integrated marine service provider for its OFTO asset portfolio in offshore wind farms around the UK. The agreement will see James Fisher provide a fully managed service for the […]

4 May 2015 Technology

James Fisher Offshore Ltd has reached an agreement with KPMG in Scotland to acquire a number of subsea assets free from encumbrances from Specialist Subsea Services Limited. The investment will facilitate James Fisher groups’ provision of a fully integrated subsea service offering, including: Air, nitrox and saturation diving systems and equipment Diving services Inspection class […]

17 December 2014 Business & Finance, Grid Connection, Wind Farm Update

Vattenfall, the Swedish energy company, has agreed a £164mn deal to transfer ownership of a Kent wind farm’s electricity export cables and substations.  The agreement, with international infrastructure group Balfour Beatty, was finalised today following a tender process, managed by energy regulator Ofgem, to select the new transmission owner. The transmission infrastructure of Thanet Offshore […]

27 November 2014 Authorities

The Smith Commission today issued "Report of the Smith Commission for further devolution of powers to the Scottish Parliament", which comprises a recommendation that The Crown Estate in Scotland should be devolved to the Scottish Parliament.  "Responsibility for the management of the Crown Estate’s economic assets in Scotland, and the revenue generated from these assets, will be transferred to the Scottish […]

12 November 2014 Business & Finance, Grid Connection

Lincs Wind Farm Limited has completed the sale of the transmission assets at the 270MW Lincs offshore wind farm to TC Lincs OFTO Limited for £308 million. The disposal is in line with regulations requiring offshore wind farm generators to divest their transmission assets to an offshore transmission owner (OFTO) post-construction. Lincs Wind Farm Limited […]

16 October 2014 Business & Finance, Operations & Maintenance, Vessels

DEME’s marine engineering specialist GeoSea acquires offshore assets of HOCHTIEF, one of Germany’s leading international construction groups. HOCHTIEF is selling offshore assets to marine contractor and long-term partner GeoSea. GeoSea has had decades of success in marine engineering and is now acquiring full ownership of the heavy-lift jack-up vessel ‘Innovation’, one of the largest jack-up […]

9 July 2014 Grid Connection

Ofgem appointed Blue Transmission as the preferred bidder to own and operate the offshore transmission links to the West of Duddon Sands windfarm. Blue Transmission, a consortium comprising Macquarie Capital Group Limited, 3i BIFL Investments Limited and Frontier Power Limited, was selected by Ofgem through a competitive process in which bidders compete to become offshore […]

30 June 2014 Business & Finance, Operations & Maintenance, R&D

Zensor, a start-up company from Brussels, has developed a device that enables companies to monitor gas stations, offshore wind turbine foundations or buried pipelines. The company now has its first customer – the Dutch gas infrastructure company Gasunie.  The company offers full, integrated, autonomous and robust monitoring solutions for the foundation structures of offshore wind turbines as well as transformer stations, both for […]

12 June 2014 Business & Finance, Ports & Logistics

In 2013, the Port of Tyne saw cargo volumes increase by 25% to 8.1m tonnes, and turnover rose 16% to £73 million compared to 2012. Andrew Moffat, Port of Tyne Chief Executive Officer, said that 2013 had been another record year, and looking back over five years, the Port had achieved substantial growth not only […]

29 May 2014 Business & Finance

Following The Crown Estate's announcement of a competition for the offshore land rights of the Blyth Offshore Demonstrator project, the Offshore Renewable Energy (ORE) Catapult will in parallel shortly be launching a process for the sale of the remaining complementary assets, comprising primarily the grid connection, associated onshore land rights and wind data. ORE Catapult […]

17 April 2014

Inch Cape Offshore Limited, the developer of the proposed Inch Cape Offshore Wind Farm, will hold community consultations on its onshore electrical infrastructure, which is planned to be set up in Cockenzie, East Lothian News informs. Residents of East Lothian are invited to attend these events in order to get an insight into the plans […]

11 April 2014 Authorities, Business & Finance, Grid Connection, Operations & Maintenance

The UK’s Office of Gas and Electricity Markets (Ofgem) has called for Expression of Interest (EOI) for the grant of offshore transmission licences for the grid connection of Westermost Rough and Humber Gateway offshore wind farms. According to a regulatory regime for offshore electricity transmission, developed by the UK's Department of Energy and Climate Change […]

30 September 2013 Authorities, Grid Connection

Pinsent Masons has advised London Array, a joint venture between DONG Energy, E.ON and Masdar, on the £459 million disposal of the offshore wind farm’s transmission assets to Blue Transmission London Array Limited – a consortium comprising Barclays Infrastructure Funds Management Limited and Diamond UK Transmission Corporation (a wholly owned subsidiary of Mitsubishi Corporation) – […]

10 September 2013 Grid Connection

London Array, a joint venture owned by DONG Energy (50%), E.ON (30%) and Masdar (20%), announced that it has signed an agreement for the sale of transmission assets at the world’s largest offshore wind farm to Blue Transmission London Array Limited. The divestment takes place pursuant to the Offshore Transmission Owner (OFTO) regime. Following a […]

13 August 2013 Business & Finance

DONG Energy has just sold its 33% interest in the Norwegian onshore wind company Kvalheim Kraft to Vardar Boreas AS, which already owns a 33% interest in Kvalheim Kraft. Kvalheim Kraft owns two operating wind farms, Mehuken 1 and 2, which are located close to the west coast of Norway approx. 300 km north of […]

27 June 2013 Business & Finance, Grid Connection

Ofgem has announced a shortlist of four bidders competing to own and operate the offshore transmission links to the West of Duddon Sands windfarm. Shortlisted bidders go through to the final bid stage where Ofgem will appoint the Offshore Transmission Owner (OFTO) to own and operate the £311m transmission assets for the next 20 years. […]

13 March 2013 Business & Finance, Technology

ABB, the global power and automation technology group, has led a $12 million investment in Scotrenewables Tidal Power, a provider of tidal turbine systems, to support the rollout of a new hydrokinetic device and to expand ABB’s renewable energy assets. ABB’s participation was made through its venture capital unit, ABB Technology Ventures (ATV), which invests […]